Trade with a team who takes trading as seriously as you do.
Our traders, strategists and clients work together in a team based trading environment that supports individuals on their journey to consistently profitable trading. Our range of Direct Market Access Equity and CFD trading accounts offer some of the lowest stockbroking fees in the market today, while ensuring that all your trades are done directly on the exchange.
Setting the standard for trading support
Trading should be taken very seriously. It takes a tremendous amount of work, time and discipline to do it successfully. We are not here to tell you that it is easy and that you will quickly see results. Rather, we are here to provide you with an environment in which you can benefit from collective learning and sharing of experience. The HCA trading community is a professional environment for traders to function as a team. We share tools, information and ideas freely within our community while focusing on the process of identifying and taking trades, and strictly managing risk. Our traders work hard to constantly improve their trading and we work hard to support and guide them in a safe and responsible manner.
Why trade with us?
Trading community
Our traders, strategist and clients work together in a team focused on identifying trades and managing risk.
DMA trading platforms
We prefer to trade directly into the market and have a variety of DMA trading platforms available.
Low cost trading
Low cost trading options for high frequency and professional traders.
Continuous learning
Regular training sessions inside our community to help our clients improve their trading skillset.
What happens inside our trading community?
Track and evaluate trading setups as they emerge
Know which setups are ready to trade and which are still forming
Measure success rates of specific trading setups
Trade the setups that you know have a higher probability of success
Record and analyse trading results
Measure success rate, identify and correct mistakes
Identify your strengths and weaknesses
Play to your strengths and avoid mistakes
Receive daily market research and up to the minute news
Download documents and get push notifications on our team server
Discuss trading ideas and setups within a peer group
Form part of a team that takes trading as seriously as you do
Continuously learn more advanced trading skills
Get educational resources and be part of a team based learning approach
Benefit from professional guidance by licensed stock brokers
Get sound advice from experienced financial services professionals
Open your trading account and join our team today
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.
Who trades with us?
HCA trading offers a range of accounts to suit the needs of both short-term traders and long-term investors. Whether you are just starting out in your trading or investment journey, or you are a seasoned veteran, Herenya Capital Advisors accounts can give you access to great fee structures and a wide variety of trading instruments.
Newer Traders
- Recently started trading
- Actively learning
- Shares and ETFs
- CFDs and futures
- Easy access platform
- Mobile trading apps
- Educational resources
- Community support
Long-term investors
- Long-term investment accounts
- Shares and ETFs
- CFDs and futures
- Complex trading instruments
- Easy access platforms
- Mobile trading apps
- Detailed portfolio reports
- Low cost trading
- Educational resources
- Community support
Experienced Traders
- Professional or semi-professional
- Low cost trading
- CFDs and futures
- Complex trading instruments
- Easy access platform
- Mobile trading apps
- Educational resources
- Community support
Offshore investors and traders
- International transfers
- Offshore investment
- Foreign currency denominated
- Low cost trading
- Complex trading instruments
Our stockbroking accounts
Local equities and CFD trading account
Our Velocity Trader accounts offers traders access to global markets from one locally held, Rand denominated account. Our basic account is well suited for traders who are looking for a low cost access point to local and international trading instruments (there is no need to take money offshore in order to trade offshore instruments in this account). The basic account is also well suited for long-term investors who require a low cost local equity account to hold and construct their long-term share and ETF portfolios in, as well as traders who are looking for good DMA CFD trading accounts. The basic account is a great all-rounder and possibly the best starting point for newer traders, while still remaining a firm favourite amongst many experienced traders.
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| JSE listed equities and ETFs | 0.30% | 100% | R150 |
| CFDs on JSE listed equities | 0.20% | 10% – 25% | R50 |
| SAFEX listed index futures (ALSI) | R20 | 6% – 8% | R20 per contract |
| Trading Instrument | Brokerage rate | Margin rate | Minimum trade charge |
| US listed equities | USD 3 cents per share | 100% | USD 20 |
| Other offshore listed equities and ETFs | 0.35% | 100 | EUR 15 |
| US listed equities CFDs | USD 3 cents per share | 5% | USD 15 |
| Other offshore listed equities CFDs | 0.15% | 5% | EUR 12 |
| Trading Instrument | Trading Instrument | Margin rate | Minimum trade charge |
| Offshore index CFDs | Spread based | 1% – 6% | 1 – 10 points* |
| Commodity CFDs | Spread based | 2% – 10% | 2 – 30 points* |
| Forex CFDs | Spread based | 1% | 1 – 135 pips** |
* Spreads vary according to instrument being traded, e.g. US500 spread = 1 point.
** Spreads vary according to instrument being traded, e.g. EUR/USD spread = 1 pip
- Minimum deposit: R 50 000.00.¹
- Monthly account fee: R 135 p/m.
- JSE listed CFDs with direct market access.
- Access to global markets in a ZAR based account.
- CFD funding rate: SAFEY +3.5% for long positions and SAFEY -3% for short positions.
¹Save to trade program available.
Offshore equities, CFDs and more
Our Interactive Brokers account offering is best suited for traders and investors who require low cost access to international markets where funds, shares and derivatives are held in an offshore account. Through our international broking partner we are able to offer over 100 000 different trading instruments, on 36 exchanges in 26 countries, all through one account. These accounts are held offshore and are funded in a foreign currency of the trader or investor’s choosing.
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| U.S. listed equities and ETFs | USD 1 cents per share | 100% | USD 2 |
| Canada listed equities and ETFs | CAD 2 cents per share | 100% | CAD 2 |
| U.K. listed equities and ETFs | GBP 12 + 0.1% | 100% | GBP 12 |
| Germany listed equities and ETFs | 0.20% | 100% | EUR 8 |
| Forex | 0.40% | 100% | USD 4 |
*There are too many instruments to be able to list them all here.
**CFDs, Futures and Options all have similar fee structures, although mostly require only 25% margin.
- Minimum deposit for active day traders (HFT): $ 30 000.00.
- Minimum deposit for swing traders and long-term investors: $ 5 000.00.
- There are no monthly account fees and no custody fees for this account.
- Direct market access and over the counter options available on thousands of different instruments.
- Monthly live data subscription costs are charged per exchange required.
Professional level CFD trading accounts
Our low cost CFD trading accounts are best suited for more experienced traders who trade very frequently. The low cost CFD trading accounts grants traders access to only JSE listed equities CFDs and therefore traders cannot trade other instruments through the account. All JSE listed equities CFDs available in the low cost CFD trading accounts are traded via Direct Market Access.
Traders are able to open an overnight or intraday account (or both) and will benefit from the very low fee structure. The overnight and intraday accounts are separate accounts that must be funded separately.
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| Overnight JSE listed equities CFDs | 0.12% | 10% – 25% | No minimum |
| Intraday JSE listed equities CFDs | 0.06% | 10% – 25% | No minimum |
- Minimum deposit: R 100 000.00.
- At this stage there is no monthly fee for the account as our prime broker is not charging a monthly fee.
- CFD funding rate for Overnight account = SAFEY +3.5% for long positions and SAFEY -3% for short positions. Overnight positions not allowed on the Intraday account.
Not sure which account is right for you?
Want to send money offshore?
Or want to trade complex Forex Derivatives?
The Foreign Currency Account (FCA) allows clients to make fast and cost-effective offshore transfers, as well as, trade in a variety of different Forex instruments and send, receive and hold foreign currency in a locally held foreign currency denominated account without having to convert to Rand.
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| Physical Spot FX | 0.50% | 100% | N/A |
| SWIFT fees | R500 | N/A | N/A |
| Trading instrument | Brokerage rate | Margin rate | Minimum trade charge |
| Non-Deliverable Forward (NDF) | R10 per $1000 | 5% – 8% | N/A |
| Rolling Forward Dated | R10 per $1000 | 5% – 8% | N/A |
| Forex Options | Variable Premium | N/A | N/A |
- There are no monthly account fees and no custody fees for this account.
- Rands held in the account currently earns 4.00% interest.
- Offshore transfers completed before 10am on weekdays are cleared on the same day in the offshore beneficiary account.
- Our administrators aid clients with Balance of Payment and Tax Declaration documents, making the process easy and fast for the client.
- Our registered tax practitioner aids with applications for Tax Clearance Certificates for offshore investing.
