Pricing

At Clarity, our ethos is transparency - we give you an overview on all the rates, fees and charges applicable to the ZAR and USD accounts.

Competitive fees

Zero admin fees

Zero commission

Spread

For both local and offshore a maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell

The spread is the difference between the Bid(sell) and Offer(buy) price where you can execute the transaction. The spread is set by the reference asset / underlying price and is influenced by liquidity and the volatility of the reference asset.

For example, if the bid price is 3.13 and the offer price is 3.18 the spread is the difference between these which is 0.05

Margin rates

Local ZAR Margin account

Long: REPO + 2%
Short: REPO – 1.5%

Offshore USD Margin account

Long: FED FUNDS Rate + 2%
Short: FED FUNDS Rate -2%

Clarity ZAR account fee and pricing

Description	ZAR account	ZAR margin account
Minimum first deposit	R25	R25
Broker commission	0%	0%
Settlement and admin	No charge	No charge
Platform fee	No charge	No charge
Reporting fee	No charge	No charge
Inter account Transfer fee (ZAR accounts only)	No charge	No charge
SMS notifications	No charge	No charge
Cash transfer out/withdrawal	No charge	No charge
Increased Spread*	maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell	maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell
Margin rates	N/A	Long: REPO + 2% ; Short: REPO – 1.5%
Interest on margin account	N/A	0%

* The spread is the difference between the Bid(sell) and Offer(buy) price where you can execute the transaction. The spread is set by the reference asset / underlying price and is influenced by liquidity and the volatility of the reference asset.

For example, if the bid price is 3.13 and the offer price is 3.18 the spread is the difference between these which is 0.05.

Clarity USD account fee and pricing

Description	ZAR account	ZAR margin account
Minimum first deposit	$1	$1
Broker commission	0%	0%
Settlement and admin	No charge	No charge
Platform fee	No charge	No charge
Reporting fee	No charge	No charge
Forex account transfer (ZAR to USD)	50 basis points on forex spot rate	50 basis points on forex spot rate
SMS notifications	No charge	No charge
Cash transfer out/withdrawal	No charge	No charge
Increased Spread*	maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell	maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell
Margin rates	N/A	Long: FED FUNDS Rate + 2% ; Short: FED FUNDS Rate – 2%
Interest on margin account	N/A	0%