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EasyFX

What is EasyFX

EasyFX is our own in-platform currency transfer tool that allows you to transfer Rands from your EasyEquities ZAR account to either Dollars in your EasyEquities USD account or Australian Dollars EasyEquities AUS account.

What rate will be used for my transfer

Our solution uses a fixed rate that we receive every weekday and is calculated as 2% above the Mid WM/Reuters spot rate at 09h00 (GMT or GMT+1 during British Summer Time). Should the spot rate move by more than 5% compared to our rate, a new rate will be quoted and applied to all transactions within that transfer window.

USD/ZAR 

AUD/ZAR 

What are the window durations that this rate will be applicable to

  • Open: Mon 9h30 - Close: Tue 9h30
  • Open: Tue 9h30 - Close: Wed 9h30
  • Open: Wed 9h30 - Close: Thu 9h30
  • Open: Thu 9h30 - Close: Fri 9h30
  • Open: Fri 9h30 - Close: Mon 9h30

All times quoted above are GMT or GMT+1 during British Summer Time

When will my funds be available

Your funds will available 2 hours after the close of the window that your transaction was part of

What is the cost to use EasyFX

0.2% of the value with a minimum transaction fee of $4 (US Dollars or AUS Dollars) +VAT. This will be charged when your funds have reached their destination account. The fee charged for your transaction will be visible before confirming your transaction.

Can I transfer my funds back into my EasyEquities ZAR account

At this stage, you cannot transfer funds back into your EasyEquities ZAR account. Should you wish to bring the money back into SA please do withdraw the required amount as a withdrawal to your bank account.

What is the maximum amount that I can transfer

You can use EasyFX to transfer up to R1 million Rand in a calendar year as part of your Single Discretionary Allowance.

Who can use EasyFX

EasyFX can be used by South African citizens who are over the age of 18 only.

Can you cancel a transfer

Yes. You can cancel a transfer up until 15 minutes before the close of your transfer window.


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