CURRENCY HUB legally performs the whole arbitrage trading process on behalf of our clients using our FSCA & FOREX license to buy US Dollars.
The US Dollars are then converted into digital assets on an offshore exchange, immediately transferred to a local RSA exchange and converted back to Rands at a Premium.
The process is highly efficient, taking a few minutes to create an arbitrage profit using your R11m offshore investment allowance.
Estimated Duration: -- Weeks
(based on a 1.95% gross premium, full R11m traded)
Assumes ten trades per month with timely AIT approvals, including an 8-week buffer for onboarding and AIT processing. Please note that past performance is not necessarily indicative of future results.
* Gross premium is taken from interbank rate but before 3rd party execution costs.
**a R500 SWIFT fee is charged by Capitec (not RMB) for every FX transaction completed.
*** Forex fee is calculated as 25% of the gross premium which is charged onto the FX rate when purchasing USD for the client.
Clients earn a variable interest rate of 6-7%* / annum on funds that remain at Capitec. An annual administration fee of 0.9% is in place to facilitate the numerous FX transactions to complete the arbitrage cycle (*subject to change).
Our fee excludes cost of acquiring Foreign Investment Allowance (FIA) Tax Clearance Certificates (TCC).
Fees may include VAT for the RMB transaction and not those processed by Capitec.
Past returns do not guarantee future performance.
CURRENCY HUB’s trading data and monthly commentary can be found in our media section
We set up your personal crypto account and trade on your behalf. We also manage your SARS tax clearance certificates for trading up R11m each year.
Our in-house algorithm sources the best FOREX and crypto premium rates, so that our traders can manually execute your trade on your behalf, knowing what profit you will make before committing to the trade.
Using the recommended R250k trading capital, the average return trading up to R10m is over R100k. This is subject to the premium’s value over the trading cycle.
With legal opinion on the Currency and Exchanges Act, we facilitate your crypto arbitrage trade legally within the framework of the SARB and authorised by the FSCA to offer advice on crypto assets and provide an intermediary service.
Complete the registration and FICA process in under 30 minutes online so we can set up both your crypto arbitrage and FX trading accounts.
You will have a dedicated account manager to assist you all the way.
We open a trading trading account with our Authorised Dealer, in your name at zero cost to you, where you deposit the recommended R250k to begin trading. The minimum is R100k, but please be aware of the accumulated supply chain costs.
Your capital is ACTIVELY traded so that you get the highest profit. Both sides of the trade (FX and arbitrage) are booked simultaneously, knowing exactly what profits you will make before we commit to the trade.
We return the trading capital and your arbitrage profits back to your bank account. We only share in the FX fees with the bank which works out to 25% of the Gross Premium. There may be some admin fees, which may differ across the banks, all of which are detailed in the mandates.
We apply for your FIA tax clearance (on your behalf).
You can use funds from your trading capital and cash in your bank account. You can also utilise financial statements showing you have available funds in your bond, equities and unit trusts.
Our dedicated Team of tax specialists will assist you from start to finish.
Once you have received NEW tax clearance PINS from SARS, we resume trading with your initial trading capital.
We would encourage you to use more to speed up the process and reduce your SWIFT transaction costs to increase your profits.
We repeat your trade until the trading value reaches the limit of your current tax clearance PIN or your full R10m.
Our tax consultants request a new tax clearance certificate when required.
We return the trading capital and your arbitrage profits to your bank account upon request or preferably after you have completed your full arbitrage trade.
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