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.
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.
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.
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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 change||Keys reasons||Hyperlink to FAQ explaining change|
|29 May 2018||Launch of Forex conversion solution for USD||Terms and Conditions update - 29 May 2018 - Forex conversion for USD account|
|22 Sept 2017||General updates||Terms and Conditions Update - 22 September 2017 - General changes|
|14 Nov 2016||Launch of Bundles||Terms and Conditions Update - 14 November 2016 - Introduction of Bundles|
|16 Aug 2016||Launch of Recurring Investment /|
Debit Order functionality
|Terms and Conditions update - 16 August 2016 - Recurring Investment, Debit order functionality|
|8 July 2016||Reduction in Settlement Period||Terms and Conditions update - 8 July 2016 - Reduction in Settlement Period|
|31 May 2016||Addition of Baskets||Terms and Conditions update - 31 May 2016 - Introduction of Baskets|