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Summary of EasyEquities Terms and Conditions


TERMS AND CONDITIONS SUMMARY

This document summarises the key features of the EasyEquities product, so that you can use this as a guide when reading the legal terms and conditions. This document is not a legal agreement. For a proper understanding, you must read all of the terms and conditions set out in the Agreement.


Parties

You and First World Trader Proprietary Limited (FWT) will trade EasyEquities.



What are EasyEquities? 

They are a combination of Securities (for example shares) and CFD Transactions bought via our online trading platform.


The Securities are listed on the JSE or other stock exchanges.


Where you cannot afford to buy a Whole Security, you can still invest in a fraction of a Security by entering into a CFD Transaction with us to obtain Fractional Security Rights.


We use a broker for Securities bought and sold on the JSE.



Regulations 

The sale of Whole Securities is subject to the Financial Advisory and Intermediary Services Act, 2002 (FAIS) – see paragraph 1.6.


The issue of CFD Transactions is not subject to FAIS, but are subject to the Consumer Protection Act, 2005 (CPA) – see paragraph 1.6.


FAIS does not govern our obligations to you in respect of CFD Transactions.


FWT is a registered financial services provider.




TO VIEW OUR FULL TERMS AND CONDITIONS - PLEASE CLICK HERE




PERIODIC UPDATES TO TERMS AND CONDITIONS


The introduction of new products to the site, changes to the operation of the platform, changes in legislation and other reasons may require us to make changes to our Terms and Conditions from time to time.


Whenever we update our T's and C's, we'll update you and keep a log of the changes made as well as the dates they are made on, in the table below.


Date of changeKeys reasonsHyperlink to FAQ explaining change
29 May 2018Launch of Forex conversion solution for USDTerms and Conditions update - 29 May 2018 - Forex conversion for USD account
22 Sept 2017General updatesTerms and Conditions Update - 22 September 2017 - General changes
14 Nov 2016Launch of BundlesTerms and Conditions Update - 14 November 2016 - Introduction of Bundles
16 Aug 2016Launch of Recurring Investment /
Debit Order functionality		Terms and Conditions update - 16 August 2016 - Recurring Investment, Debit order functionality
8 July 2016Reduction in Settlement PeriodTerms and Conditions update - 8 July 2016 - Reduction in Settlement Period
31 May 2016Addition of BasketsTerms and Conditions update - 31 May 2016 - Introduction of Baskets









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© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

The availability of any share on the EasyEquities platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you.

The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between EasyEquities and the listed company, or the payment of fees for services. Brand Logos are owned by the respective companies and not by EasyEquities. The use of a company’s brand logo does not represent an endorsement of EasyEquities by the company, nor an endorsement of the company by EasyEquities, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the EasyEquities website.

* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

EasyEquities is a subsidiary of Purple Group Limited, a company listed on the JSE Limited (PPE)