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What do I need to open an account

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 action and FICA documents we require for each type of account:

Type of Account
FICA requirements
Individual
Link for FICA documents Individuals
Foreign NationalLink for FICA documents Foreign Nationals
Minor
Link for Account opening 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

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© EasyEquities. EasyEquities is a product of First World Trader (Pty) Ltd t/a EasyEquities which is an authorized Financial Services Provider (FSP number 22588). All trades on the EasyEquities platform are subject to the legal terms and conditions to which you agree to be bound. The EasyEquities platform enables users to invest in securities which includes whole shares and fractional share rights (FSRs). EasyEquities acts as an agent for the issue of whole shares, where the investor is the registered owner of those shares, entitled to dividends, participation in corporate actions and all the economic benefits and risks associated with share ownership.

In respect of FSRs, EasyEquities acts as principal to a contract for difference issued to the investor, where the investor will have a contractual claim against EasyEquities to the economic benefits and risks associated with share ownership (price movements and dividends) without having ownership rights in the underlying share. Fractional share rights (FSRs) which are issued through a contract for difference, are an over the counter derivative. Unlike whole shares, FSRs do not carry any voting rights. As the investor makes further investments in FSRs and ultimately ends up with a whole share, the contract for difference is closed out and ownership whole share is delivered to the investor.

The availability of any share on the EasyEquities platform is based on various factors but is not an indication of value and does not mean that any share is an appropriate investment for you.

The availability of any share on the browse shares page does not necessarily indicate any contractual relationship between EasyEquities and the listed company, or the payment of fees for services. Brand Logos are owned by the respective companies and not by EasyEquities. The use of a company’s brand logo does not represent an endorsement of EasyEquities by the company, nor an endorsement of the company by EasyEquities, nor does it necessarily imply any contractual relationship. Further investment disclosures are available on the EasyEquities website.

* Note exchange prices are delayed in accordance with regional exchange rules. South African prices are delayed by 15 minutes; North American prices are delayed by 15 minutes; Australian prices are delayed by 20 minutes.

EasyEquities is a subsidiary of Purple Group Limited, a company listed on the JSE Limited (PPE)