A GENERAL INFORMATION
Sharenet Is A Contracts For Difference And Forex Broker That Has Been Operating Since 1988. The Company Is Registered In South Africa, Where Its Headquarters Still Operate. The Broker Offers Trading Services To Clients Across Five Asset Classes, Including Currency Pairs, Index CFDs, Energy Products, Precious Metals, And Bonds. South African Residents Have Access To Spot Stocks. The Company Provides Access To The Johannesburg Stock Market (jse). The Sharenet Group Includes Sharenet Securities, Sharenet CFDs, And Shared Wealth. Sharenet CFDs Are Built On Ig's Internationally Renowned Platform And Offer Clients A Wide Range Of Leverage Risk Exposure On Financial Instruments. 3 There Appears To Be No Evidence That Harenet CFDs Are Regulated By Any Financial Institution Group.
Advantages Of Trading On Sharenet:
150 + Trading Instruments Including 94 Indices.
Gateway To Emerging African Markets.
Opportunities To Invest In Managed Portfolios.
Technical Support Works 24/7.
0% Commission On Deposits And Withdrawals.
Disadvantages Of Sharenet :
The Registration Procedure Is Complicated.
Initial Deposit Starts At $3,500.
Limited Ways To Contact Client Server.
Trading Account Opening
To Start Trading With Sharenet, You Need To Become A Client Of The Broker By Opening A Trading Account. The Quick Guide Is As Follows:
1 On The Main Page Of The Site, You Need To Click The "Login" Button.
2 Next, The Broker Will Offer To Open A Live Trading Account, A Demo Account, Or You Must Log In (for Clients With An Active Account).
3 Then, You Need To Fill Out Regedit. Registering On Sharenet Is A Bit Complicated, It Consists Of 9 Blocks. You Need To Provide Details About Yourself, Your Residential Address, Financial Details, Employment Status, Trading Experience, Bank Account Number And Other Required Information.
4 After That, The Client Needs To Pass Verification. You Need To Upload Your ID Card, Proof Of Residential Address And Proof Of Bank Details. After Viewing The Documents, You Need To Speak With The Broker's Representative. Only In This Way Will The Client Side, Will Be Able To Fund The Account And Start Trading.
Also In The Personal Account, Traders Can Access:
PowerChat This Is A Large Forum That Is Accessible To All Registered Clients Of The Broker. This Is The Place To Discuss Current News, You Can Ask Questions To Experienced Traders Or Contact Technical Support.
JSW Online. In This Section, The Broker Provides The Latest Information About The Trading Tools Available On The Exchange. You Can Quickly Track The Prices Of Certain Instruments And Price Changes As Well As Dynamics, Etc.
Charts. Here, Clients Can View Charts Of Trading Instruments, Use Technical Analysis Tools And Indicators, And Open Trades.
Products & Services
Sharenet CFDs Offer Traders The Opportunity To Invest In Global Financial Marekts And Instruments, Including Forex Spot, CFDs, Stocks, ETFs, And Exchange-Traded Commodities.
Profit
Since The Holder Is Not Providing The Full Contract Value, A Deposit Is Required To Cover Potential Losses. This Margin Varies, But Can Be As Low As 5% For Some Stocks.
Commission
The Interest Rate Charged Will Depend On The Notional Value Of The Position, As Well As The Currency In Which The Trade Is Held. For Stock CFDs, Sharenet CFDs Are Based On Sabor And Calculate A 2.5% Premium From That Base Based On Whether You Are Long Or Short. (The Premium Is Added To The Base Rate To Calculate The Interest Charge For Long Positions And Subtracted From The Base Rate To Calculate The Interest Rate Paid For Short Positions). In The Case Of Stocks, The Commission Is 0.2% (varies Based On Opening And Closing Positions; The Minimum Charge Is R100). While For 24-hour Sa40 Trading, There Is No Commission.
Deposits And Withdrawals
Sharenet Processes Withdrawal Requests Within 1-3 Business Days.
For Non-residents Of The Republic Of South Africa, Funds Can Only Be Withdrawn By Bank Transfer. Bank Cards, E-wallets And Cryptocurrencies Are Not Supported.
During The Registration Process, You Must Provide Details Of The Bank Account Where You Will Be Making Deposits And Withdrawals.
There Are No Commissions For Financial Transactions In Sharenet. Deposits And Withdrawals Are Free.
Verification Is Required For Any Financial Transactions On The Platform.
Investment, Options
Investment Plans, Available Markets And Products Of The Broker
Sharenet Offers Clients The Possibility To Trade Independently And Also To Earn Additional Passive Income From Their Investments. Clients Of The Company Have Access To Managed Portfolios. Management Is Performed By Sharenet Experts, Who, Working Directly On The JSE Exchange. The Platform Offers South African Residents And Non-residents The Opportunity To Earn Income From Their Investments.
Managed Portfolio Of Sharenet
On Sharenet, Clients Can Invest In Managed Portfolios Quickly And Easily. To Do This, You Need To Login To Your Account, Select The Investment Vehicle You Are Interested In, Select The Amount You Want To Invest And Then Subscribe. Before Subscribing, Clients Can Read Information About The Assets And Trading Instruments Included In The Portfolio And The Potential Profitability, And They Can Also Assess The Risks. Let's Take A Look At Some Of The Features Of Sharenet Managed Portfolios.
Clients Can Subscribe To Up To Five Managed Portfolios Simultaneously.
The Portfolio Is Based On The Stocks And ETFs Available At JSE (South Africa).
There Is A One-time Subscription Fee. Clients Do Not Make Any Other Payments.
The Price Of A Subscription To Use A Managed Portfolio On Sharenet Is $9.00 (130 South African Rand). The Fee Is Charged On A Monthly Basis. Return On Investment May Vary Depending On The Level Of Risk. The Average Rate Of Return Is 15% Per Annum.
Sharenet's Affiliate Program
Sharenet Does Not Offer A Referral Program. The Company Focuses On Providing Brokerage Services And Does Not Support The Policy Of Attracting New Clients Through A Referral Program.
Customer Support
Client Server Personnel Are Available 24 Hours A Day, 7 Days A Week. However, The Response From Technical Support Is Rather Slow. You Have To Wait More Than Two Hours To Receive An Email Reply.
