Risk Warning Note As a licensed FSP we may also market and sell financial products offered by foreign product suppliers. We may introduce you to foreign product suppliers and foreign over-the-counter derivatives providers (including third party companies or one or more of our group companies). The onus is on you to ensure that you comply with all applicable laws which may be applicable to you when purchasing foreign financial products or trading over-the-counter derivatives with foreign over-the-counter derivatives providers, including without limitation, the Exchange Control Regulations, 1961 made under the Currency and Exchanges Act, 1933.
Forex and CFDs are complex, leveraged products and you can lose substantially more than the amount of your original investment and margin payments. Forex and CFDs incur a high level of risk and may not be suitable for all investors. You must consider whether you can afford to take the risk of losing all your money and more. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand how CFDs work, what the risks involved are, and take into account your level of experience, financial situation and objectives. CFDs are not listed on any securities exchange. You trade directly with QuickTrade. You must read the QuickTrade Risk Disclosure Statement, Client Agreement and Legal Policies available on this website. You must seek independent advice if necessary.
QuickTrade (Pty) Ltd is an authorised Financial Services Provider (“FSP”) regulated by the Financial Sector Conduct Authority of South Africa, holding a Category I FAIS licence with FSP No. 45262
In terms of its FAIS licence, QuickTrade is licenced to provide advice and intermediary services on an execution-only basis in respect of shares, derivative instruments, and warrants, certificates and other instruments. If we provide you with advice or intermediary services in respect of CFDs, the provisions of FAIS will apply. When we enter into CFDs with you, we do so in our capacity as an authorised ODP, on a principal-to-principal basis, and therefore the Financial Markets Act, 2012 (“FMA”) will apply.
Before trading CFDs you should be aware of the tax consequences. You must consult your lawyer, accountant or other tax advisor in this regard. If you open an international account with us, you must provide a tax clearance certificate. All your international trading will be subject to the Exchange Control Regulations, 1961 published under the Currency and Exchanges Act, 1933 which impose strict foreign investment allowances on you.
This website is directed only at residents of the Republic of South Africa.
Once you have completed the steps above and started trading you can easily withdraw your profits via the Client Portal. There is no cost for a withdrawal of proceeds from a trading account. If there are no additional requirements, withdrawals can take up to three hours to be processed and up to three hours to be paid. We may require further documentation and information to process your withdrawal. Withdrawals can be withheld if you do not provide the required documentation and information. Once we receive the required documentation and information, your withdrawal can take up to 24 hours to be processed and paid. Our support staff are available via the LiveChat facility for quick assistance when you need it!
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