shiftly

No, however you’re able to see your account balance, request withdrawals, and download transaction histories from our client portal.

Yes, the bank currently pays a nominal interest rate of 6.25% per annum.

Yes, we’re a licensed Category I Financial Services Provider (FSP 51806) and we’ve applied for a Category II licence which is currently pending approval. You can verify our licence on the FSCA website. We are also registered as an Accountable Institution with the Financial Intelligence Centre (FIC ID 55458) and a member of the Crypto

Our minimum trade size is R200,000 due to fixed costs involved, making smaller amounts less profitable. Each bank transfer abroad incurs a R500 fee, and there’s an additional R30 fee to withdraw funds back to your trading account. These fixed fees have a proportionally smaller impact on larger trade sizes. For instance: For a R100,000

At Shiftly, we believe in transparent and competitive fees. That’s why we only charge 0.20% for converting your Rands to foreign exchange – the lowest in the industry! Plus, you can reduce this fee all the way to 0% through our referral program. Please see the section on trading fees for a full breakdown of

The amount of profit you can make largely depends on your ability to minimise trading costs while executing trades. At Shiftly, we pride ourselves on offering the lowest service fees in the industry to maximise your returns. For an idea of potential profits, you can refer to our 30-day statistics to see what other clients

To send funds abroad under your FIA, you must obtain a Tax Clearance Status (TCS) PIN by submitting an Approval for International Transfer (AIT) application on SARS eFiling. Please refer to our AIT application section for more information.

You can find the total amount of your allowances used through Shiftly at the bottom of each trading statement.

South Africans may send up to R1 million annually under their Single Discretionary Allowance (SDA) and up to R10 million under their Foreign Investment Allowance (FIA) for various purposes, including crypto arbitrage trading. To utilise your FIA, you need to obtain a Tax Clearance Status (TCS) PIN from the South African Revenue Service (SARS) by

Yes, we hedge both the forex and crypto price movements 100% so you are never exposed to price fluctuations.