Risk Warning Note: 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 and is an authorised Over-the-Counter Derivatives Provider (“ODP”).
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. QuickTrade and our trading with you is subject to the FMA requirements imposed on ODPs and the other laws, regulations and standards imposed on ODPs by the FSCA.
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.