To open an account costs R40.00 including VAT per month.
The Below scale indicates trading costs per transaction:
| #colspan# Brokerage Sliding Scales | ||
|---|---|---|
| Consideration | Xenium Scale | Online Scale |
| Minimum | R150 | R98 |
| Below R25,000 | 1.4% | 0.9% |
| R25,000 to R100,000 | 1.00% | 0.85% |
| R100,000 to R250,000 | 0.75% | 0.75% |
| R250,000 to R1,000,000 | 0.50% | 0.50% |
| R1,000,000 + | Negotiable | Negotiable |
Investors must also be aware of the following mandatory cost and charges that will be levied on transactions:
Xenium charge commission at a negotiable rate.
Interest is charged @ SAFEX +2% = (± Prime -2%)
Script lending fees for short positions are 1.5% per annum, with a minimum of R456 per position.
Please note each new position opened needs to have a minimum cost value of R50,000 – which requires a R7,500 (15%) initial margin deposit from the investor on a Top40 stock and R8,750 (17.5%) initial margin deposit for Top 41 – 100 stocks.
Brokerage at 0.4% (excl. VAT) of the value of the transaction + R60 (incl. VAT) booking fee. The booking fee of R60 per future code in which a new position is opened per day – therefore you pay only for the opening leg of all transactions, and only once per day per future code
Market maker’s commission at 0.1% (excl. VAT) for the spread
Interest payable on the SSF cost value would be determined daily by the market maker in relation to the ruling SAFEX rates
Interest will be paid on cash balances in the SSF account at the JSE Trustees rate
