SatrixNOW has partnered with EasyEquities. EasyEquities has to comply with certain regulations regarding the requirement to have adequate net capital and asset protection.
First World Trader ("FWT") segregates your securities holdings and cash in your account, meaning it keeps your assets separate from the company's own assets. In addition, EasyEquities will hold all client assets in First World Trader Nominees (Proprietary) Limited, which is a ring fenced, private, limited liability company with registration number 2013/091397/07, registered in accordance with the company laws of South Africa and approved as a nominee company to hold assets in its name on behalf of clients by the Financial Sector Conduct Authority (FSCA).
When you purchase Whole Securities, you become the beneficial (true) owner of all those Whole Securities, which will be held by FWT Nominees on your behalf. FWT will ensure that you are reflected as the beneficial owner of your Whole Securities in our books of account.