Trading fees will be charged based on the following sliding scale for each trade:

Trading fees will be charged based on the following sliding scale for each trade:

Trading fees will be charged at 0.2% of the trade value, irrespective of the trade value.

• No fixed minimum fee per trade.
• No monthly administration fees.
• No sign-up or registration fees.

• No fixed minimum fee per trade.
• R50 per month administration fee.
• No sign-up or registration fees.

• No fixed minimum fee per trade.
• No sign-up or registration fees.

REGULAR: ILLUSTRATED EXAMPLE

Buy R2 000 worth of X stock listed on 4AX.

4AX fee: R16.00
A-Trade fee: R12.00
VAT: R4.20
Statutory Investor Protection Levy: R0.20
Securities Transfer Tax: R5.00
Total fee: R37.40

Buy R600 000 worth of Y stock listed on 4AX.

4AX fee: R4 320.00
A-Trade fee: R2 100.00
VAT: R963.00
Statutory Investor Protection Levy: R60.00
Securities Transfer Tax: R1 500.00
Total fee: R8 943.00

PRIVATE: ILLUSTRATED EXAMPLE

Buy R300 000 worth of Y stock listed on 4AX.

4AX fee: R2 400.00
A-Trade fee: R900.00
VAT: R495.00
Statutory Investor Protection Levy: R30.00
Securities Transfer Tax: R1 500.00
Total fee: R4 575.00

Buy R2 000 000 worth of X stock listed on 4AX.

4AX fee: R14 400.00
A-Trade fee: R6 000.00
VAT: R3 060.00
Statutory Investor Protection Levy: R200.00
Securities Transfer Tax: R5 000.00
Total fee: R28 660.00

INSTITUTIONAL: ILLUSTRATED EXAMPLE

Buy R5 000 000 worth of Y stock listed on 4AX.

4AX fee: R21 000.00
A-Trade fee: R10 000.00
VAT: R4 650.00
Statutory Investor Protection Levy: R500.00
Securities Transfer Tax: R12 500.00
Total fee: R48 650.00

Buy R7 000 000 worth of X stock listed on 4AX.

4AX fee: R29 400.00
A-Trade fee: R14 000.00
VAT: R6 510.00
Statutory Investor Protection Levy: R700.00
Securities Transfer Tax: R17 500.00
Total fee: R68 110.00