At Shiftly, we believe in transparent and competitive fees. That’s why we only charge 0.20% for converting your Rands to foreign exchange – the lowest in the industry! Plus, you can reduce this fee all the way to 0% through our referral program.
See the example trading statement below for a clear breakdown of all fees involved:
| Description | Amount (ZAR) |
| Base Cost | 500,500.00 |
| Forex Transaction Fee1 | -500.00 |
| Forex Conversion Fee2 (0.20%) | -1,000.00 |
| Trading Capital3 | 499,000.00 |
| Trading Profit | 8,476.29 |
| Withdrawal Fee4 | -30.00 |
| Proceeds | 507,446.29 |
| Net Profit (1.39%) | 6,946.29 |
Notes
- This fee is charged by the bank for sending your funds abroad.
- This fee is charged by Shiftly for converting your Rands to USD, reducible to 0% via our referral program.
- This is the Rand equivalent of the 26,101.75 USD you sent abroad.
- This fee is charged by the exchange for transferring your funds to your bank account.
