South African dormant license CAT1 which can offers CFDs and Shares.
Cat 1 for sale – Licensed in 2023 (it did not have any operations until now)
Jurisdiction: South Africa
Type of license (MM or STP or other): STP
There are no assets.
Conditions for the license and UBOs or Directors: No specific conditions.
General info on the license (Leverage or other main factors): There is no leverage restriction in South Africa.
Bank accounts: Investec Bank
The available license categories are the below which include the derivatives license that you need in order to offer CFDs.
| Category Description | Advice Automated | Advice Non-automated | Intermediary Scripted | Intermediary Other |
| CATEGORY I | | | | |
| Shares | | | | X |
| Derivative instruments | | | | X |
The monthly costs are:
1. Key Individual: EUR2,500
2. Compliance officer: EUR1,000
3. Secretarial fee: EUR300
3. Local office: EUR500
4. Professional Indemnity Insurance and Public Liability Insurance: EUR450
5. Local Director: EUR750 (you can put your own director in order to avoid this cost)
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