SUMMARY OF AMENDMENTS TO EASYEQUITIES TERMS AND CONDITIONS


1. Our EasyEquities Terms and Conditions and EasyEquities US Terms and Conditions (the Contract) have been amended. This notice contains a summary of the latest changes to the Contract.

2.The definitions used in the explanations of the material amendments below are the same definitions used in the Contract.


3. Material amendments made to the Contract

3.1 A new definition at clause 2.1 (10) has been added to the Agreement to define the Applicable Foreign Exchange Rate offered by the Authorised Dealer that is applied to calculate the Dollar equivalent when processing your currency transfer request.

3.2 Clause 2.1 (11) has been added to define the Authorised Dealer. Clause 2.1 (13) and (14) have been added to clarify how your currency transfer request will be processed in batches on the currency conversion date.

3.3 Clause 2.1 (32), (33) and (34) were added to define the currency transfer request, the currency conversion date and the fees applicable when processing your currency transfer request. Clause 2.1 (45), (81) and (93) has been amended with the addition of the EasyEquities US Trading Account Terms and Conditions, single discretionary allowance and US Trading account as applicable to the currency conversion and your currency transfer request.

3.4 Clause 27 has been added to cater for instances where you have a US trading account and you want to transfer the positive balance of your Free Money standing in Rand value from your EasyEquities SA account to your US trading account by submitting the currency transfer request to us via the EasyEquities Platform.


4. Material amendments made to EasyEquities US Terms and Conditions

4.1 Clause 2.1 (25) and (26) were added to define the currency transfer request and the fees applicable when processing your currency transfer request.  

4.2 If you are not in agreement with the New Contract, you may give us 10 (ten) Business Days written notice to cancel the current Contract and discontinue using our services by sending an email to helpme@easyequities.co.za which notice must be received by us on or before the effective date. We will assist you with either closing out your Trades or transferring your securities to another broker during the 10 (ten) Business Day notice period, whichever is applicable. However, you will not be allowed to enter into any new Trades during the notice period.

4.3 If you do not give notice to cancel the current Contract and close your Account on or before the effective date, then you are deemed to have accepted the New Contract and if you continue to engage in any Trading using the EasyEquities Platform after the effective date you agree to be bound by the terms and conditions of the New Contract.

5. Conclusion

5.1 Having regard to the abovementioned changes, we wish to inform you that the new EasyEquities Terms and Conditions (SA and US Trading Accounts) (New Contract) will take effect on delivery of this notice to you and/or published on the Website (29 May 2018) and that, after the effective date, our relationship and your Trades will be governed by this New Contract.

5.2 If you are not in agreement with the New Contract, you may give us 10 (ten) Business Days written notice to cancel the current Contract and discontinue using our services by sending an email to 
helpme@easyequities.co.za which notice must be received by us within 10 (ten) Business Days of the effective date.  We will assist you with either closing out your Trades or transferring your securities to another broker during the 10 (ten) Business Day notice period, whichever is applicable.  However, you will not be allowed to enter into any new Trades during the notice period.

5.3 If you do not give notice to cancel the current Contract and close your Account within the timeframe explained in paragraph 5.2 above, then you are deemed to have accepted the New Contract and if you continue to engage in any Trading using the EasyEquities Platform after the effective date you agree to be bound by the terms and conditions of the New Contract.

5.4 Please feel free to contact us if you have any queries.



TO VIEW OUR FULL TERMS AND CONDITIONS - PLEASE CLICK HERE



TO VIEW OUR FULL USD TERMS AND CONDITIONS - PLEASE CLICK HERE