Finance & Banking

EasyEquities has created SA's first US stock trading platform

Cliffe Dekker Hofmeyr is representing EasyEquities, a division of First World Trader Proprietary Limited.

Our banking & finance team has been providing legal and strategic counsel in connection with a range of financial services regulatory, tax and exchange control issues linked to award-winning investortech and fintech company, First World Trader. We have been advising in connection with the launch of South Africa's very first US Securities Fractional Trading Platform. Our work on this mandate included drafting the novel legal terms & conditions for investors to repatriate funds and purchase a combination of whole securities and fractions of securities listed on US stock exchanges. This included advice on the nominee structure, offshore custodial and brokerage arrangements, required exchange control approvals from the South African Reserve Bank, tax considerations and ancillary matters.