In order to explain who is eligible to purchase shares on the EasyEquities platform, it is important to distinguish between the 2 different stock markets clients can access on EasyEquities:
1. The South African stock market
1. The South African Stock Market (JSE and Alt-X)
There are 3 types of Investor that are eligible to open an EasyEquities ZAR account, which will give them access to the instruments listed on the JSE (Johannesburg Stock Exchange) and Alt-X exchange. These are:
1. Individuals - natural persons* of legal adult age
Must be South African residents or residents of the Common Monetary Area which includes Lesotho, Namibia and Swaziland
2. Minors - being natural persons under the age of 18 who are not an emancipated minor (Ie. has not been legally freed from control by his or her parents or guardians)
Must be opened by an Authorised User who is a natural person identified in the Application Form duly authorised to trade on the Minor's account
3. Corporate Bodies - any juristic person including any company, close corporation, firm, trust, government, state, agency or organ of state, society, association or partnership.
Must be opened by an Authorised User who is a natural person identified in the Application Form who is duly authorised to trade on the Corporate Body's Account.
To see what the registration requirements are for each different type of account, please visit this FAQ article - What is FICA? - and select the type of account you wish to open from the table shown there.
2. The stock market of the United States of America
An EasyEquities USD account, will give holders of that account access to instruments listed on the New York (NYSE) or NASDAQ exchanges.
To be eligible for an EasyEquities USD account, investors must be:
Natural persons of legal adult age
Must NOT be residents of the United States of America
- For full details on who is eligible, please visit our Terms and Conditions.
- The rules for our Tax-free savings account (TFSA) are different and only natural persons* who are South African citizens are able to open a Tax Free Savings Account.
NOTES: * A natural person is a real human being, as opposed to a juristic person, which may be a private (i.e., business entity or non-governmental organization) or public (i.e., government) organisation.