This article explains how to deposit funds to your trading account via the client portal. Steps to create a Deposit: Log in to the client portal. Click “Deposit” in the left-hand menu. Transfer funds to the trading account details provided on the Deposit page. Download a transaction history from your bank showing the outgoing payment. […]
How do I deposit funds to my trading account? Read More »
In today’s intricate investment landscape, tax reporting can be an overwhelming task for investors. Shiftly, a leading name in the arbitrage investment sector, is proud to announce the launch of its innovative Tax Statement feature, designed to streamline the tax preparation process for its investors. With this new update, Shiftly investors can now log into
Shiftly Unveils Innovative Tax Statement Feature for Seamless Compliance Read More »
In the world of arbitrage investment, few names carry as much weight as Shiftly does today in South Africa. But the journey to this point has been anything but smooth. To date, Shiftly has processed 26 billion rand in volume and returned over 320 million rand in profits to investors, boasting an annual average profit
From Humble Beginnings to Arbitrage Investment Leaders: The Shiftly Story Read More »
To verify your trading capital, we require documentation confirming that you have funds equal to or exceeding your intended trade size. Please refer to the list below for acceptable sources of funds and the corresponding supporting documents required: Savings Most recent 3 months of savings account statements. Investments Most recent investment account statement showing available
We require a document confirming your physical address. The document must show your full name, match the address you provided us and be within its validity period. Accepted documents and their validity periods are detailed below: Document type Validity period Utility bill for services to a fixed address (e.g. an internet, water, electricity bill etc.)
We require a colour photo of you holding your most recently issued South African ID book or card. Your entire face and ID document must be visible and all details on your ID should be legible. Here are some tips for taking the perfect selfie with ID: Hold your ID book or card directly below
We require proof of your most recently issued South African ID. If it’s an ID Book we need a colour photo of the information page. The entire document should be in the frame and legible. If it’s an ID Card we need a colour photo of the front and back. The entire card should be
Identity Documents Read More »
You’ll receive an IT3(b) from Capitec showing the interest you’ve earnt on the account. We do not provide IT3(c) tax statements at present, however we’ll provide a trade summary on request.
Do you provide tax certificates? Read More »
Yes, arbitrage profits are taxed as income and not capital gain. You are responsible to ensure you remain tax compliant, otherwise you won’t be able to trade and SARS will decline your AIT applications.
Do I have to pay tax on my arbitrage profits? Read More »
You are not allowed to use someone else’s allowances for your own benefit. However, with their consent, we can authorise you to open an account, book trades, and perform other actions on their behalf. You can request to be added as an authorised person on someone’s account by contacting our support team. Note that you
Can I act on someone’s behalf? Read More »
Shiftly FX (Pty) Ltd, trading as "Shiftly", is an authorised Financial Services Provider (FSP 51806) and registered Accountable Institution with the Financial Intelligence Centre (FIC ID 55458).
