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Sanlam iTrade in association with Bolus & Bolus now offer online trading in foreign listed instruments through Saxo Bank. A fully licensed and regulated European bank, Saxo Bank supports a global base of individual retail clients, corporations and financial institutions from its headquarters in Denmark and numerous regional offices.

Which instruments will be available?

Trading will be available in Equities, Futures, CFDs, Forex, Commodities, Exchange Traded Funds and even Actively-Managed ETFs on more than 24 Exchanges worldwide. There are no monthly account costs and dealing costs are very competitive. Every exchange and instrument type has different dealing costs as well as live price costs which are available on the website. The minimum capital required will be $10,000 to open an account.

Why Saxo Bank?

Saxo Bank's advanced trading technology is simply the best available, as the multiple industry standard awards testify. They provide a fully customizable on-line trading platform, which integrates all of the trading, analysis, price monitoring and research functions into one interface. For an introductory tour click here; where you can also download a free 20 day trial version of the Saxo Trader.

Why Bolus and Bolus?

Bolus and Bolus is an introducing broker to Saxo Bank and already has the platforms and experience in trading foreign listed instruments. They provide assistance with opening an account, training on using the platform and trading the different instruments as well as a fully staffed help desk. Clients deposit funds directly into Saxo Bank and receive protection from the Danish Guarantee Fund for Depositors and Investors.

Use your own foreign allowance or Sanlam’s Asset Swap facility:

Foreign Allowance: South African citizens can transfer up to R4m abroad subject to Reserve Bank (SARB) approval. You will need a tax clearance that states that there are no outstanding taxes before the SARB will issue approval. You can also use funds already abroad after opening an account through us. Just click on the link below to open an account.

Asset Swap: Some clients might have an outstanding tax issue preventing them from getting SARB approval or used their full foreign allowance already. Whatever the reason, you can make use of Sanlam’s asset swap. You open an account with Sanlam iTrade, deposit Rand and we transfer the funds to your Saxo Bank account in the currency of your choice.

Trading on Saxo Bank using own

foreign allowance

Trading on Saxo Bank using Sanlam’s

Asset Swap

Who: Those with funds or portfolios already offshore or those that would like to use their offshore allowance to transfer funds offshore.

Who: Those that want to use Sanlam’s asset swap capability because of the convenience or if they already used their full foreign allowance or those that cannot get a tax clearance.

Process: Open an account directly with Saxo Bank by clicking on the link below. Then transfer funds offshore after getting Reserve Bank approval or use funds already abroad. You can easily transfer a portfolio as well.

Process: Open an account with Sanlam iTrade by clicking on the link below and deposit Rands in your account. We will transfer the funds to your Saxo Bank trading account in the currency of your choice.

Minimum funds to open an account: $10,000

Minimum funds to open an account: R75,000.

Instruments available: No exclusions. You can trade in Equities, Futures, CFDs, Forex, Commodities or ETFs on any of the 24 exchanges available on the Saxo platform. For more information on the instruments click here.

Instruments available: You can trade in any share, bond or ETF on any of the 24 global exchanges available. The SARB prohibits trading in Forex and derivative instruments where it is possible to lose more than your margin.

Cost: Only the normal Bank charges. We do not charge a cost to transfer and Jono at Bolus and Bolus will gladly assist in providing the forms necessary for SARB approval. Call him on 021 446 2271 or e-mail JonoB@bolusandbolus.com.

Cost: We will charge a fee of 0.5% per year for the asset swap.

Monthly fees and trading costs: There are no monthly fees provided you trade at least a few times per year. Trading costs and live price fees vary from exchange to exchange, but are generally half the cost charged by S A online brokers. Click on the link for costs on Equity Trading; CFDs; Forex and Futures.

Monthly fees and trading costs: The costs are exactly the same. There are no monthly fees provided you trade at least a few times per year. Trading costs and live price fees vary from exchange to exchange, but are generally half the cost charged by S A online brokers. Click on the link for costs on Equity Trading; CFDs; Forex and Futures.

Click here to open an account with Saxo Bank using your own foreign allowance.

Click here to open an account with Saxo Bank using Sanlam’s asset swap.

DISCLAIMER OF LIABILITY: Please note that neither Bolus & Bolus nor Saxo Bank is affiliated to Sanlam iTrade or Sanlam Private Investments ("SPI") nor are they members of the Sanlam Group. Please note that Sanlam iTrade or SPI does not accept any liability for any actions or omissions of Bolus & Bolus or Saxo Bank.