* Gross premium is taken from interbank rate but before 3rd party execution costs.
**a R500 SWIFT fee is charged by the bank for every FX transaction completed.
*** Forex fee is calculated as 25% of the gross premium which is charged onto the FX rate when purchasing USD for the client (capped at 1%)
Clients earn a variable interest rate of 6-7%* / annum on funds managed by the FX Intermediary. An annual administration fee of 0.9% is in place to facilitate the numerous FX transactions to complete the arbitrage cycle (*subject to change).
Our fee excludes cost of acquiring Foreign Investment Allowance (FIA) Tax Clearance Certificates (TCC).
Fees also include VAT.
Past returns do not guarantee future performance.
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