Velocity Trader (Local) account
Onshore Account
The Onshore Account provides access to both the JSE and International markets from one account. Uniquely, clients can trade a wide range of asset classes from a single ZAR account. Notably, clients can gain immediate access to global shares without the need to utilise their individual allowance and can hold positions across all markets from a single ZAR account.
South African Markets
| Instrument Group | Charge | Margin Rate | Minimum Trade Charge |
| JSE Shares | 0.30% | N/A | R150.00 |
| SA 40 (Cash) | R7.00 | 3.00% | No Min Fee |
| SA 40 (Future) | R10.00 | 3.00% | No Min Fee |
| ALSI-CFDs | R20.00 | 6.00% – 8.00% | No Min Fee |
| ALMI-CFDs | R10.00 | 6.00% – 8.00% | No Min Fee |
| JSE CFDs | 0.20% | 5.00% – 25.00% | R50.00 |
* All CFDs incur a premium.
* All equities exclude statutory fees.
International Markets
Shares and ETFs
Market | Exchange | Commission | Minimum Trade Fee |
US | New York Stock Exchange | USD 0.03 cents per share | USD 20.00 |
US | NASDAQ | USD 0.03 cents per share | USD 20.00 |
UK | London Stock Exchange | 0.35% | GBP 10.00 |
Austria | Vienna Stock Exchange | 0.35% | EUR 15.00 |
Belgium | NYSE Euronext Brussels | 0.35% | EUR 15.00 |
Denmark | NASDAQ OMX Copenhagen | 0.35% | DKK 80.00 |
Canada | Toronto Stock Exchange | 0.35% | CAD 20.00 |
Finland | NASDAQ OMX Helsinki | 0.35% | EUR 15.00 |
France | NYSE Euronext Paris | 0.35% | EUR 15.00 |
Germany | Deutsche Borse (Xetra) | 0.35% | EUR 15.00 |
Italy | Milan Stock Exchange | 0.35% | EUR 15.00 |
Netherlands | NYSE Euronext Amsterdam (AEX) | 0.35% | EUR 15.00 |
Norway | Oslo Stock Exchange | 0.35% | NOK 80.00 |
Portugal | NYSE Euronext Lisbon | 0.35% | EUR 15.00 |
Spain | BME Spanish Exchanges | 0.35% | EUR 15.00 |
Sweden | NASDAQ OMX Stockholm | 0.35% | SEK 80.00 |
Switzerland | SIX Swiss Exchange | 0.35% | CHF 25.00 |
CFDs
| Equity CFDs | CFD Premium | Margin Rate | Minimum Premium |
| US Stocks | USD 3.00 cents per share | 5.00% | USD 15.00 |
| UK Stocks | 0.15% | 5.00% | GBP 10.00 |
| German Stocks | 0.15% | 5.00% | EUR 12.00 |
| Index CFDs | Margin Rate | Spread |
| US30 (DJIA) | 1.00% | 2.50 |
| US500 (S&P) | 1.20% | 1.00 |
| USTEC (Nasdaq) | 1.20% | 2.00 |
| UK100 (FTSE 100) | 2.80% | 2.00 |
| STOXX50 (EuroStoxx) | 2.80% | 2.00 |
| DE30 (DAX) | 2.30% | 2.00 |
| FR40 (CAC) | 2.30% | 2.00 |
| ES35 (IBEX) | 3.30% | 3.50 |
| AUS200 (ASX) | 2.50% | 2.00 |
| HK50 (HSI) | 6.10% | 7.00 |
| JP225 (NI225) | 1.00% | 10.00 |
| Commodity CFDs | Margin Rate | Spread |
| BRENT * | 6.20% | 7.00 |
| GOLD | 1.50% | 2.00 |
| SILVER | 1.50% | 2.00 |
| WTI * | 6.40% | 7.00 |
| NGAS | 10.00% | 8.00 |
| COPPER | 7.00% | 30.00 |
| Cocoa | 3.00% | 3.50 |
| Coffee Arabica | 3.00% | 3.00 |
| Coffee Robusta | 3.00% | 3.00 |
| Corn | 3.00% | 2.00 |
| Cotton | 3.00% | 15.00 |
| Orange Juice | 3.00% | 12.00 |
* Important information regarding the trading of BRENT and WTI:
BRENT and WTI CFD instruments are futures contracts that expire on a monthly basis. Clients holding these instruments on expiry dates will have their positions rolled over into the new contracts.
New contracts have different prices from the expired contracts they are replacing. Clients holding the CFD will therefore experience a shift in their positions’ value at the time of the roll relative to the difference in contract value. These positions will then be readjusted accordingly to their natural pre-expiry value within 24 hours of contract renewal via an adjustment of the account cash balance.
| Treasuries | Margin Rate | Spread |
| Canada Bank 3 Month | 3.00% | 3.00 |
| Canada Bond 10 YR | 3.00% | 6.00 |
| Euribor | 3.00% | 2.00 |
| Japan JGB | 3.00% | 4.50 |
| US Dollar Index | 3.00% | N/A |
| Margin FX | Margin Rate | Spread |
| AUD/CAD | 1.00% | 5.00 |
| AUD/CHF | 1.00% | 3.00 |
| AUD/JPY | 1.00% | 3.00 |
| AUD/NZD | 1.00% | 2.50 |
| AUD/USD | 1.00% | 3.50 |
| CAD/CHF | 1.00% | 3.50 |
| CAD/JPY | 1.00% | 3.00 |
| CHF/JPY | 1.00% | 3.50 |
| EUR/AUD | 1.00% | 4.00 |
| EUR/CAD | 1.00% | 4.00 |
| EUR/CHF | 1.00% | 3.00 |
| EUR/GBP | 1.00% | 3.00 |
| EUR/JPY | 1.00% | 3.00 |
| EUR/PLN | 1.00% | 18.00 |
| EUR/SEK | 1.00% | 30.00 |
| EUR/USD | 1.00% | 1.00 |
| EUR/ZAR | 1.00% | 100.00 |
| GBP/AUD | 1.00% | 4.00 |
| GBP/CAD | 1.00% | 6.50 |
| GBP/CHF | 1.00% | 4.00 |
| GBP/JPY | 1.00% | 5.00 |
| GBP/NZD | 1.00% | 8.00 |
| GBP/USD | 1.00% | 4.00 |
| GBP/ZAR | 1.00% | 135.00 |
| NZD/CAD | 1.00% | 4.50 |
| NZD/CHF | 1.00% | 4.50 |
| NZD/JPY | 1.00% | 3.50 |
| NZD/USD | 1.00% | 3.00 |
| USD/CAD | 1.00% | 3.00 |
| USD/CHF | 1.00% | 3.00 |
| USD/JPY | 1.00% | 2.50 |
| USD/ZAR | 1.00% | 100.00 |
| ZAR/JPY | 1.00% | 8.00 |
Note: Non-equity instrument spreads are affected by market liquidity which varies throughout market trading hours.
South African Statutory Fees
| Fee or Tax Type | Cost |
| STRATE | 0.005787% (excluding VAT) based on the value of the share transaction: • The minimum is R10.19 for trades with a value up to R176,000.00 • The maximum is R73.49 for trades with a value over R1,270,000.00 This fee is for the electronic settlement of your share transactions through STRATE, the electronic settlement authority. |
| FSCA Investor Protection Levy | 0.0002% (excluding VAT) on all trades (excluding international markets) |
| Custody | 0.10% per annum (excluding VAT) levied monthly on an account by account basis: JSE Shares: • Minimum of R50.00 per month • Maximum of R200.00 per month International Shares: • Minimum of USD/EUR/GBP 5.00 per month |
| SAFEX & Clearing | SAFEX fees are based on a percentage of the closing price of the Index future. Trade fees quoted are ALL inclusive of commissions, VAT and SAFEX and Clearing fees. |
Global Statutory Fees and Taxes
| Country | Name | Tax Code | Side | Rate |
| France | Financial Transaction Tax | FRFTT | Buy | 30 bp |
| Hong Kong | Stamp Duty | HKSTAMP | 10 bp | |
| Hong Kong | Trading Fee | HKTRAD | 0.5 bp | |
| Hong Kong | Trading Levy | HKLEVY | 0.27 bp | |
| Ireland | Stamp Duty | IESTAMP | Buy | 100 bp |
| Ireland | Levy | IELEVY | Gross 12,500.00 and above: 1.25 / allocation | |
| Italy | Financial Transaction Tax | ITFTT | Buy | 10 bp |
| United Kingdom | Levy | GBLEVY | Gross 10,000.00 and above: 1.00 / allocation | |
| United Kingdom | Stamp | GBSTAMP | Buy | 50 bp |
| United States | Sec Fee | USSEC | Sell | 0.231 bp |
Administrative Costs
| Service | Fee (ex VAT) | Description |
| Withdrawals | R 25.00 R 250.00 | Per withdrawal Per real-time withdrawal |
| Outward Portfolio Transfers (‘Exit Fee’) | – R 50.00 for JSE Stocks – USD 30.00 for US Stocks – USD 60.00 for Other Stocks | The fee incurred per share holding to transfer to another broker. Maximum Fee Limits: • JSE Stocks: R 450.00 • US Stocks: USD 100.00 • International Stocks: USD 180.00 |
| Transfer of Ownership | – R 100.00 for JSE Stocks – USD 25.00 per share holding | Change of beneficial ownership of shares |
| Interest on Account Equity | Base Rate less 2.00% | The interest earned on funds in your account.Note: If a negative Net Free Equity and/or Account Value balance occurs, interest will be charged at a rate equal to the Base Rate plus 5% per annum. |
| Foreign Investment Facility | 0. 35% per annum | A fee of 0.35% per annum is charged on the use of Velocity Trade’s Foreign Investment Facility (sometimes referred to as an ‘Asset Swap’). |
| Wire Fee | R 450.00 | A daily Wire Fee is charged in relation to the settlement of payments to and from your trading account where a currency conversion occurs. • This fee is charged per day and not per trade. • Trades filled before 14:00 GMT+2 will share the cost of the daily Wire Fee. |
| FX Translation | Daily FX Spot rate | A daily FX Translation adjustment is applied to the settlement of payments to and from your trading account where a currency conversion occurs. • Trades filled before 15:00 GMT+2 will be adjusted using a daily FX Spot rate.• Trades filled after 15:00 will be adjusted using a daily FX Spot rate for the following business day (South Africa). |
| Admin fee | R 129.00 | Monthly account administration fee |
| Inactivity Fee | R 100.00 | This fee will be charged on a quarterly basis to accounts that have been inactive for 90 days or more. |
Note: Fees quoted in USD or foreign currency will be converted into ZAR at the prevailing USD/ZAR exchange rate and charged to the account in ZAR.
Tax Considerations
Income from Securities is credited Net of any applicable statutory withholding taxes.
- Investors benefit from a reduction in US withholding tax from 30% to 15% on dividends earned from US shares.
- There is no withholding tax on UK shares.
Velocity Trade provides annual tax summaries. For any tax considerations, please consult your financial advisor or tax consultant, or consult with Herenya Capital Advisors’ advisory services team.
Tax Clearance:
SARS permits an annual foreign investment allowance of R10 million for individuals, and an annual discretionary allowance of R1 million per year. The latter does not require a tax clearance certificate.
If you have reached your individual limit for the year, you can make use of Velocity Trade’s Institutional Foreign Investment Allowance (FIA), alternatively Herenya Capital Advisors’ advisory services team can assist clients with tax clearance certificates.
Market Data
Clients are required to nominate the market data types they require when completing an online application form. This can be adjusted at any time on request.
| Description | Cost (ex. VAT) | Frequency |
| International Stocks Live Level 1 – Non-Professional End User | R12.00 * | Monthly |
| JSE Live Level 1 – Non-Professional End User | R96.27 | Monthly |
| International Stocks Live Level 1 – Professional End User | R960.00 * | Monthly |
| JSE Live Level 1 – Professional End User | R292.00 | Monthly |
* Fee is subject to change based on variations in the USD/ZAR exchange rate.
JSE Policies can be found on the JSE website.
Financing
If you keep a Cash CFD position open overnight (after 10pm GMT), we will make an interest adjustment to your account to reflect the cost of funding your position. The interest adjustment is based on the interbank funding rates. We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 3.00%*.
For nearly all our markets, this is calculated in the same way for CFDs. For Forex, the funding cost is calculated differently as explained below.
Daily Funded CFDs
| Long Positions | Short Positions |
| We charge 3.50%* above the relevant interbank rate, e.g. SAFEY. For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 4.00% (annualised). | You receive the relevant interbank rate, minus 3.00%*. • If the interbank rate is greater than 3.00%, we credit your account. • If the interbank rate is less than 3.00%, your account is debited. For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 2.50% (annualised). |
* 3.50% on international CFD contracts
Forex Positions
| Forex Positions |
| For CFD Forex positions, we apply an adjustment overnight, which reflects the interest rate differential between the two currencies. |
Disclaimer: The fees listed are subject to the fee structures within the fee schedule and are only updated once the information is published by the provider. Due to the delay in publishing the fees, the actual fees charged may differ from the fees listed above.
Note: The Velocity Trader trading platform is provided by Velocity Trade Financial Services (PTY) LTD. (FSP number 43295), a regulated intermediary financial services provider and trading services and platform provider to Herenya Capital Advisors (PTY) LTD. (FSP number 47080).
Velocity Trader (Offshore) account
Offshore Account
An Offshore Account is based in foreign currency and must be funded using foreign currency. Clients must fund their Offshore Account by utilising their annual discretionary investment allowance (Offshore Allowance Account).
Only international markets can be accessed from an Offshore Account and clients may choose from one of the following base currencies:
- USD
- GBP
- EUR
The initial deposit and transfer limits for an Offshore account is 10,000.00 in the relevant account currency (i.e. USD, GBP or EUR).
International Markets
Shares and ETFs
Market | Exchange | Commission | Minimum Trade Fee |
US | New York Stock Exchange | USD 0.03 cents per share | USD 20.00 |
US | NASDAQ | USD 0.03 cents per share | USD 20.00 |
UK | London Stock Exchange | 0.35% | GBP 10.00 |
Austria | Vienna Stock Exchange | 0.35% | EUR 15.00 |
Belgium | NYSE Euronext Brussels | 0.35% | EUR 15.00 |
Denmark | NASDAQ OMX Copenhagen | 0.35% | DKK 80.00 |
Canada | Toronto Stock Exchange | 0.35% | CAD 20.00 |
Finland | NASDAQ OMX Helsinki | 0.35% | EUR 15.00 |
France | NYSE Euronext Paris | 0.35% | EUR 15.00 |
Germany | Deutsche Borse (Xetra) | 0.35% | EUR 15.00 |
Italy | Milan Stock Exchange | 0.35% | EUR 15.00 |
Netherlands | NYSE Euronext Amsterdam (AEX) | 0.35% | EUR 15.00 |
Norway | Oslo Stock Exchange | 0.35% | NOK 80.00 |
Portugal | NYSE Euronext Lisbon | 0.35% | EUR 15.00 |
Spain | BME Spanish Exchanges | 0.35% | EUR 15.00 |
Sweden | NASDAQ OMX Stockholm | 0.35% | SEK 80.00 |
Switzerland | SIX Swiss Exchange | 0.35% | CHF 25.00 |
CFDs
| Equity CFDs | CFD Premium | Margin Rate | Minimum Premium |
| US Stocks | USD 3.00 cents per share | 5.00% | USD 15.00 |
| UK Stocks | GBP 0.15 cents per share | 5.00% | GBP 10.00 |
| German Stocks | 0.15% | 5.00% | EUR 12.00 |
| Index CFDs | Margin Rate | Spread |
| US30 (DJIA) | 1.00% | 2.50 |
| US500 (S&P) | 1.20% | 1.00 |
| USTEC (Nasdaq) | 1.20% | 2.00 |
| UK100 (FTSE 100) | 2.80% | 2.00 |
| STOXX50 (EuroStoxx) | 2.80% | 2.00 |
| DE30 (DAX) | 2.30% | 2.00 |
| FR40 (CAC) | 2.30% | 2.00 |
| ES35 (IBEX) | 3.30% | 3.50 |
| AUS200 (ASX) | 2.50% | 2.00 |
| HK50 (HSI) | 6.10% | 7.00 |
| JP225 (NI225) | 1.00% | 10.00 |
| Commodity CFDs | Margin Rate | Spread |
| BRENT * | 6.20% | 7.00 |
| GOLD | 1.50% | 2.00 |
| SILVER | 1.50% | 2.00 |
| WTI * | 6.40% | 7.00 |
| NGAS | 10.00% | 8.00 |
| COPPER | 7.00% | 30.00 |
| Cocoa | 3.00% | 3.50 |
| Coffee Arabica | 3.00% | 3.00 |
| Coffee Robusta | 3.00% | 3.00 |
| Corn | 3.00% | 2.00 |
| Cotton | 3.00% | 15.00 |
| Orange Juice | 3.00% | 12.00 |
* Important information regarding the trading of BRENT and WTI:
BRENT and WTI CFD instruments are futures contracts that expire on a monthly basis. Clients holding these instruments on expiry dates will have their positions rolled over into the new contracts.
New contracts have different prices from the expired contracts they are replacing. Clients holding the CFD will therefore experience a shift in their positions’ value at the time of the roll relative to the difference in contract value. These positions will then be readjusted accordingly to their natural pre-expiry value within 24 hours of contract renewal via an adjustment of the account cash balance.
| Treasuries | Margin Rate | Spread |
| Canada Bank 3 Month | 3.00% | 3.00 |
| Canada Bond 10 YR | 3.00% | 6.00 |
| Euribor | 3.00% | 2.00 |
| Japan JGB | 3.00% | 4.50 |
| US Dollar Index | 3.00% | N/A |
| Margin FX | Margin Rate | Spread |
| AUD/CAD | 1.00% | 5.00 |
| AUD/CHF | 1.00% | 3.00 |
| AUD/JPY | 1.00% | 3.00 |
| AUD/NZD | 1.00% | 2.50 |
| AUD/USD | 1.00% | 3.50 |
| CAD/CHF | 1.00% | 3.50 |
| CAD/JPY | 1.00% | 3.00 |
| CHF/JPY | 1.00% | 3.50 |
| EUR/AUD | 1.00% | 4.00 |
| EUR/CAD | 1.00% | 4.00 |
| EUR/CHF | 1.00% | 3.00 |
| EUR/GBP | 1.00% | 3.00 |
| EUR/JPY | 1.00% | 3.00 |
| EUR/PLN | 1.00% | 18.00 |
| EUR/SEK | 1.00% | 30.00 |
| EUR/USD | 1.00% | 1.00 |
| EUR/ZAR | 1.00% | 100.00 |
| GBP/AUD | 1.00% | 4.00 |
| GBP/CAD | 1.00% | 6.50 |
| GBP/CHF | 1.00% | 4.00 |
| GBP/JPY | 1.00% | 5.00 |
| GBP/NZD | 1.00% | 8.00 |
| GBP/USD | 1.00% | 4.00 |
| GBP/ZAR | 1.00% | 135.00 |
| NZD/CAD | 1.00% | 4.50 |
| NZD/CHF | 1.00% | 4.50 |
| NZD/JPY | 1.00% | 3.50 |
| NZD/USD | 1.00% | 3.00 |
| USD/CAD | 1.00% | 3.00 |
| USD/CHF | 1.00% | 3.00 |
| USD/JPY | 1.00% | 2.50 |
| USD/ZAR | 1.00% | 100.00 |
| ZAR/JPY | 1.00% | 8.00 |
Note: Non-equity instrument spreads are affected by market liquidity which varies throughout market trading hours.
Global Statutory Fees and Taxes
| Country | Name | Tax Code | Side | Rate |
| France | Financial Transaction Tax | FRFTT | Buy | 30 bp |
| Hong Kong | Stamp Duty | HKSTAMP | Buy | 10 bp |
| Hong Kong | Trading Fee | HKTRAD | Buy | 0.5 bp |
| Hong Kong | Trading Levy | HKLEVY | Buy | 0.27 bp |
| Ireland | Stamp Duty | IESTAMP | Buy | 100 bp |
| Ireland | Levy | IELEVY | Buy | Gross 12,500.00 and above: 1.25 / allocation |
| Italy | Financial Transaction Tax | ITFTT | Buy | 10 bp |
| Italy | Financial Transaction Tax | ITFTT | Buy | 10 bp |
| United Kingdom | Levy | GBLEVY | Buy | Gross 10,000.00 and above: 1.00 / allocation |
| United Kingdom | Stamp | GBSTAMP | Buy | 50 bp |
| United States | Sec Fee | USSEC | Sell | 0.231 bp |
Administrative Costs
| Service | Fee (ex VAT) | Description |
| Withdrawals | USD 25.00 | Per withdrawal (EUR/USD/GBP accounts). |
| Outward Portfolio Transfers (‘Exit Fee’) | – USD 25.00 for US Stocks – USD 60.00 for Other Stocks | The fee incurred per share holding (ISIN) to transfer to another broker. Maximum Fee Limits: • US Stocks: USD 100.00 • International Stocks: USD 180.00 |
| Transfer of Ownership | USD 25.00 per share holding | Change of beneficial ownership of shares. |
| Interest on Negative Account Value | LIBOR plus 8.00% per annum | Your account will incur debit interest for a deficit Net Free Equity and/or Account Value. Your account will not earn interest on positive unutilised cash balances. |
| Foreign Investment Facility Fee | 0.50% per annum | A fee of 0.50% per annum is charged on the use of Velocity Trade’s Foreign Investment Facility (sometimes referred to as ‘Asset Swap’). |
| Wire Fee | R 450.00 | A daily Wire Fee is charged in relation to the settlement of payments to and from your trading account where a currency conversion occurs. • This fee is charged per day and not per trade.• Trades filled before 1400h GMT+2 will share the cost of the daily Wire Fee. |
| FX Translation | Daily FX Spot rate | A daily FX Translation adjustment is applied to the settlement of payments to and from your trading account where a currency conversion occurs. • Trades filled before 15:00 GMT+2 will be adjusted using a daily FX Spot rate. • Trades filled after 15:00* will be adjusted using a daily FX Spot rate for the following business day (South Africa). |
Note: VAT is only applied to Domestic Service Fees.
Tax Considerations
Income from Securities is credited Net of any applicable statutory withholding taxes.
- Investors benefit from a reduction in US withholding tax from 30% to 15% on dividends earned from US shares.
- There is no withholding tax on UK shares.
Velocity Trade provides annual tax summaries. For any tax considerations, please consult your financial advisor or tax consultant, or consult with Herenya Capital Advisors’ advisory services team.
Tax Clearance:
SARS permits an annual foreign investment allowance of R10 million for individuals, and an annual discretionary allowance of R1 million per year. The latter does not require a tax clearance certificate.
If you have reached your individual limit for the year, you can make use of Velocity Trade’s Institutional Foreign Investment Allowance (FIA), alternatively Herenya Capital Advisors’ advisory services team can assist clients with tax clearance certificates.
Market Data
| Description | Cost (ex. VAT) | Frequency |
| International Live Level 1 – Non-Professional End User | USD 1.00 | Monthly |
| International Live Level 1 – Professional End User | USD 80.00 | Monthly |
Financing
If you keep a Cash CFD position open overnight (after 10pm GMT), we will make an interest adjustment to your account so as to reflect the cost of funding your position. The interest adjustment is based on the interbank funding rates. We debit your account if your position is long, and credit your account for a short position – if the interbank funding rate is greater than 3.00%*.
For nearly all our markets, this is calculated in the same way for CFDs. For Forex, the funding cost is calculated differently as explained below.
Daily Funded CFDs
| Long Positions | Short Positions |
| We charge 3.50%* above the relevant interbank rate, e.g. SAFEY. For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 4.00% (annualised). | You receive the relevant interbank rate, minus 3.00%*. • If the interbank rate is greater than 3.00%, we credit your account. • If the interbank rate is less than 3.00%, your account is debited. For example: If the relevant interbank 1-month rate is 0.50%, you would be charged 2.50% (annualised). |
* 3.50% on international CFD contracts
Forex Positions
| Forex Positions |
| For CFD Forex positions, we apply an adjustment overnight, which reflects the interest rate differential between the two currencies. |
Disclaimer: The fees listed are subject to the fee structures within the fee schedule and are only updated once the information is published by the provider. Due to the delay in publishing the fees, the actual fees charged may differ from the fees listed above.
Note: The Velocity Trader trading platform is provided by Velocity Trade Financial Services (PTY) LTD. (FSP number 43295), a regulated intermediary financial services provider and trading services and platform provider to Herenya Capital Advisors (PTY) LTD. (FSP number 47080).
*Take note:
To gain access to and be integrated into our community and team, you must have an active account with Herenya that meets our minimum deposit requirements. Community members are expected to contribute to the overall wellbeing and productivity of the team. There are no free rides, if you want to take trading seriously, you have to take trading seriously. These rules are put in place in order to ensure that members of our community do not take on excessive risk that they cannot afford.
