First World Trader (Pty) Ltd trading as EasyEquities is a Financial Services Provider and as such are obligated to comply with the Financial Intelligence Centre Act, 38 of 2001 (FICA).
As a result of the act, we are therefore required to find out just who our EasyEquities clients are.
In the case of individuals (Natural Persons) registering online, we are able to screen prospective clients and verify their identity without the need for any documentation. If we are not able to do this, we may need to request some documentation.
In the case of accounts of the types specified below, we are unable to perform the checks we need to without documentation, so will need the documents listed in the relevant FAQ articles in the table below:
- Minor (person under the age of 18), or
- Corporate Body (Eg. Company, close corporation, partnership, trust etc.)
- Other Legal Persons - including informal associations (Eg. stokvels, churches, burial societies, schools, savings clubs, etc.)
PLEASE consult the relevant hyperlink below for details of what FICA documents we require for each type of account:
|Type of Account||FICA requirements|
|Individual||Link for FICA documents Individuals|
|Foreign National||Link for FICA documents Foreign Nationals|
|Minor||Link for FICA documents Minors|
|Close Corporation (CC)||Link for FICA documents Close Corporations|
|Partnership||Link for FICA documents Partnerships|
|Companies (Listed and unlisted)||Link for FICA documents Companies|
|Trusts||Link for FICA documents Trusts|
|Other Legal Persons - stokvels, investment clubs, etc.||Link for FICA documents Other Legal Persons|