Rand Swiss Review

Rand Swiss is a South African-based financial services company licensed and regulated by the FSCA. Rand Swiss is a highly-personalised broker offering online forex and CFDs trading, private broking, managed portfolios, structured products, offshore transfers and tax-free savings accounts. The brokerage has two online trading platforms for individual and institutional traders and provides direct access with a single currency account to multiple financial instruments, including forex, spread betting, CFDs, bonds, options and local and international equities. Rand Swiss is regulatory compliant and is a safe and reliable broker for forex traders in Africa.

Registered 2015

Regulated FSCA

Headquarters Sandton, South Africa

Tradeable assets Online trading, private broking, offshore transfers, tax-free savings

Trading platform DMA GoPortal, Velocity Trade

Minimum deposit Depends on type of account

VISIT BROKER

Is Rand Swiss regulated?

Yes, Rand Swiss (Pty) Ltd is licensed and regulated in South Africa as a Financial Services Provider (FSP 45837) by the Financial Services Conduct Authority (FSCA).

Is Rand Swiss regulated in South Africa?

Yes, Rand Swiss is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa.

Is Rand Swiss legit?

Yes, Rand Swiss is a legitimate financial services provider and is regulated by the leading authority in South Africa. The brokerage offers online trading on the DMA GoPortal and Velocity Trade ProTrader trading platforms and direct access to various financial assets and instruments. Rand Swiss also provides a private broking service and personalised portfolio planning with managed portfolios, structured products, offshore transfers and tax-free savings accounts.

Does Rand Swiss offer a good trading experience?

In terms of regulatory compliance, security, state-of-the-art trading platforms, market analysis and educational resources, Rand Swiss offers an excellent trading experience.

Trading security

Rand Swiss is regulatory compliant and regarded as safe to use by forex and CFDs traders in Africa. Rand Swiss follows strict regulatory guidelines for trader and investor protection and has implemented industry protocol to secure their clients’ money and information.

Regulated broker

Rand Swiss is licensed and regulated by the leading authority in South Africa, the Financial Services Conduct Authority (FSCA).

Segregated accounts

Rand Swiss keeps client funds in a separate account which a leading bank holds. The brokerage cannot access clients’ funds to pay for company expenses or liabilities. The funds are held in ring-fenced accounts separate from Rand Swiss’ financial accounts.

FICA compliant

Rand Swiss complies and adheres to requirements as specified by FICA, including client identification, all personal and business information is verified, and the company keeps all information and documentation on record.

SSL-protected personal area

Rand Swiss uses highly secure technology to protect its clients’ data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, making browsing safe and data inaccessible to any third parties.

Two-step authentication

Rand Swiss requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS and backup codes. Rand Swiss uses 3D secure technology when processing credit and debit cards. This technology makes all Visa transactions transparent and safe.

Advanced trading platforms

Rand Swiss offers two state-of-the-art platforms for online trading: Velocity Trade and Direct Market Access (DMA) GoPortal.

Rand Swiss has partnered with Velocity Trade to provide a multi-asset trading platform and specialist trading technology for experienced, professional traders. Velocity Trade offers round-the-clock access to the capital markets and a wide range of financial assets and instruments. The trading platform provides fast, straight-through order execution on local and international exchanges.

The Direct Market Access (DMA) GoPortal is a powerful, flexible trading platform with a simple interface and reporting frontend. It’s available on mobile, desktop and browser and is suitable for all types of traders and investors. DMA GoPortal provides free 15-minute delayed data, access to over 100 000 instruments and excellent long-term consolidated reporting.

Market analysis and education

Rand Swiss publishes up-to-day market analysis, news alerts and commentary, and high-quality video tutorials on trading subjects and strategies. Rand Swiss publishes expert advice via Morning Note, Trade Ideas and Market Commentary. Rand Swiss is well-known for its free weekly online webinars hosted by strategic experts on the team.

What services does Rand Swiss offer?

Online Trading

Rand Swiss provide straight-through access to the financial markets through two state-of-the-art trading platforms for a competitive price. You can trade forex, futures, bonds, local and international equities, and CFDs on shares, commodities and indices on a single platform with a single base currency account.

Private Broking

Rand Swiss offers a private broking service with expert investment advice from a dedicated personal broker. Your broker assists with personalised portfolio planning, supports you when trading local and international financial assets and instruments, works with you to select the best investments for your needs, execute trades and assists with all administration related to your investment portfolio.

Managed Portfolios

Rand Swiss offers Managed Portfolios that are suited to high-net-worth investors and need the assistance of an experienced portfolio manager to build and manage their share portfolio. Your portfolio determines your risk appetite and manages your portfolio based on the agreed-upon investment strategy.

Offshore transfers

Rand Swiss assists private residents and non-residents, and corporations with forex payments and across-border money transfers. Rand Swiss provides access to a highly competitive exchange rate, 2-5 day movement of funds to over 60 plus countries in over 25 currencies, a free SARS Tax Clearance Certificate and a dedicated forex broker with expert knowledge in exchange control.

Structured Products

Rand Swiss provides structured products that give you a defined outcome over your investment period, meaning your capital is protected, and there is growth potential in a single product. Structured products moderate market risk by providing partial or complete capital protection if you invest over the full term.

Tax-free savings accounts (TFSAs)

Rand Swiss offers Tax-Free Savings Accounts (TFSAs) that are highly vetted and can save you up to R36 000 per year. You do not pay tax on any financial growth, and Rand Swiss does not charge a management or administration fee. You only pay a 0.25% fee per trade and a R10 monthly custody fee after three years.

Does Rand Swiss have Nasdaq?

Yes, Rand Swiss offers NASDAQ-100 (US100) on its online trading platforms. US100 is traded as a futures CFD on the MT4 trading platform. The US100 assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.

How to open a Rand Swiss trading account

  1. Open the official website for Rand Swiss
  2. Select Open Account
  3. Complete the online registration mandate
  4. Send documents required by FICA
  5. Deposit funds into your trading account
  6. Start trading with Rand Swiss when your account has been verified and opened

What trading accounts does Rand Swiss offer?

Rand Swiss has five types of accounts for its different services:

Online Trading

Free; no monthly fee or commission on trades

R5 000 minimum deposit for local trading account

$2 500 (or equivalent) minimum deposit for international trading account

Private Broking

1 percent per year fee

R1 million minimum deposit

Managed Portfolios

1 percent per year fee

R250 000 minimum deposit

Offshore Transfers

1 percent spread

R100 000 minimum deposit

Tax-Free Savings Account (TFSA)

Free, no management, administration or advice fees

The total annual contribution in a tax year cannot exceed R36 000, and your total lifetime contribution cannot exceed R500 000. The yearly contribution limit runs from the period 1 March to 28 February (the following year).

To qualify for a Rand Swiss zero-cost TFSA, you must have one other active Rand Swiss product. Rand Swiss TFSAs are only offered to Rand Swiss clients.

Does Rand Swiss offer a free demo account?

Yes, Rand Swiss offers a free 30-day demo account on the online trading platform. Rand Swiss clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. You can trade forex in real-time under actual market conditions but with zero risks of losing real money. Once beginner traders learn how to trade on a free demo account, they are ready to open a live trading account.

What awards has Rand Swiss received?

Rand Swiss is an award-winning South African brokerage. It has received several prestigious awards, including Intellidex and Investor’s Monthly Top Online Stockbroker and Top Tax-Free Savings Provider in 2020.

FAQs: Rand Swiss

Does Rand Swiss have a Welcome Bonus?

No, Rand Swiss does not offer a Welcome Bonus.

Can I start trading with no money in my live Rand Swiss account?

No, you are required to make an initial deposit to open and start trading a live Rand Swiss Account.

Does Rand Swiss have a mobile app for forex trading?

Yes, Rand Swiss offers an easy-to-use mobile app for the Velocity Trading and DMA GoPortal trading platforms.

Where is Rand Swiss based?

Rand Swiss is based in Sandton, South Africa.

Does Rand Swiss offer online support?

Yes, Rand Swiss offers dedicated online Customer Support. You can contact a representative at Rand Swiss via phone or email.

Website Rand Swiss

General services +27 11 781 4454

Offshore services +27 10 109 3132

Trading Desk +27 10 109 3133

General Enquiries info@randswiss.com

Trading Desk trade@randswiss.com

Administration admin@randswiss.com

FOREX TRADING AFRICA DISCLAIMER

Forex and CFDs are complex instruments and involve a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial assets and provides information to help online retail traders better understand the global financial markets. The information provided is meant to grow your knowledge and expertise in financial trading and must not be construed as personal advice.

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