Your international trading account will need to be funded in foreign currency.
Important to note:
- Please quote your SharenetCFDs account number or SharnetCFDs username as a reference to ensure that we process your request quickly.
- Deposits may only be made once your account has been opened. SharenetCFDs cannot accept funds from a prospective client prior to the completion of the client identification and verification requirements in terms of section 21 of the FIC Act and the applicable Regulations.
- South African residents over the age of 18 are allowed to transfer a maximum of R4m per year as part of their foreign investment allowance and tax clearance is only required if you transfer a total that exceeds R1m for the year.
STEP 1: CHECK WHICH DOCUMENTS ARE REQUIRED
When funding your international trading account, the following documents may be required for your bank or service provider to process the transfer for you:
Less than R1m
R1m – R4m
|Copy of your South African ID||Y||Y||Provided by you|
|Recent evidence of available funds||Y||Y||Bank or service provider|
|Statement of Assets & Liabilities||Y||Y||Bank or service provider|
|Balance of Payments (BoP)||Y||Y||Bank or service provider|
STEP 2: MAKE A DEPOSIT INTO ONE OF THE FOLLOWING BANK ACCOUNTS (Please ensure you use the banking details that match the base currency of your trading account):
Bank: Lloyds TSB Bank plc
39 Threadneedle Street
Account name: IG Markets Limited Client Account
Sort code: 30-00-09
Payments in sterling/GBP
Account number: 02360254
IBAN: GB98 LOYD 3000 0902 3602 54
Payments in US dollars
Account number: 11368109
IBAN: GB90 LOYD 3000 0911 3681 09
Payments in euros
Account number: 86072139
IBAN: GB65 LOYD 3000 0986 0721 39
STEP 3: SEND US YOUR PROOF OF DEPOSIT
Please email or fax us your proof of deposit to ensure that we process your deposit as quickly as possible.
MARGIN CALL PAYMENTS
When on margin call, you need to fund your account as described above. We encourage you to notify us of the payment by using the ‘Send Proof of Payment’ facility in the ‘My Account’ section on the trading platform. This can be found under My Account > Payments > Send Proof of Payment.
Should you have any queries, you please contact our client services team on 010 344 0053.