There's zero commission charged when trading with Clarity and we don't charge any admin or platform fees.

We charge competitive spread and margin rates.

Spread

For local trading done through your ZAR account a maximum of up to 20 basis points (0.2%) increase in spread on either bid or offer side depending on if you buy or sell. The amount of up to a maximum of 20 basis points is included in the instrument price displayed and not displayed separately.

When transferring ZAR into USD or USD into ZAR, a 50 basis points spread is applied. This spread is included as part of the live rate that you are quoted during the transfer process. The price you see is the price you pay, and there are no additional costs for foreign exchange with Clarity.

The spread is the difference between the Bid(sell) and Offer(buy) price where you can execute the transaction. The spread is set by the reference asset / underlying price and is influenced by liquidity and the volatility of the reference asset.

For example, if the bid price is 3.13 and the offer price is 3.18 the spread is the difference between these, which is 0.05

Margin Rates

ZAR Margin account

Long: REPO Rate + 2%
Short: REPO Rate -1.5%

Below is a full breakdown on our rates, fees and charges applicable to the ZAR account and ZAR margin account with Clarity.