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* Gross premium is taken from interbank rate but before 3rd party execution costs.
**a R500 SWIFT fee is charged by Capitec (not RMB) for every FX transaction completed.
*** Forex fee is calculated as 25% of the gross premium which is charged onto the FX rate when purchasing USD for the client.
Clients earn a variable interest rate of 6-7%* / annum on funds that remain at Capitec. An annual administration fee of 0.9% is in place to facilitate the numerous FX transactions to complete the arbitrage cycle (*subject to change).
Our fee excludes cost of acquiring Foreign Investment Allowance (FIA) Tax Clearance Certificates (TCC).
Fees may include VAT for the RMB transaction and not those processed by Capitec.
Past returns do not guarantee future performance.
CURRENCY HUB’s trading data and monthly commentary can be found in our media section
CURRENCY HUB MARKETS (PTY) LTD (2023/572397/07) trading as CURRENCY HUB is a FAIS / FSCA Juristic Representative of BLACK ONYX CURRENCY HUB (PTY) LTDÂ (2017/533623/07). BLACK ONYX CURRENCY HUB is an authorised financial services provider (FSP 50850), with an FSCA advisory, intermediary, discretionary mandate (Cat 1&11) and CASP (Crypto Asset Service Provider) licence, and is a SARB approved TOC Forex Intermediary (6176). BLACK ONYX CURRENCY HUB is also an active member of CAASA (Crypto Asset Association of South Africa)
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