Next Trade now offers payment methods that are exclusively for residents of South Africa and are purchasable only via ZAR currency:
SwiftyEft:
SwiftyEft is a convenient bank transfer option that allows you to fund your trading account using your online banking platform.
To use SwiffyEft, follow these steps:
- Go to the Deposit Funds section.
- Select the method: Credit Card or Bank Transfer
- Select ZAR Wallet.
- Enter the amount you wish to send. Keep in mind that you can only use ZAR currency, and the minimum deposit limit is equal to $10.
- Click on the “Go to Payment” button.
- A new pop-up window will open, select the SwiffyEft option.
- Follow the prompts to select your South African bank account and log in to your online banking to complete the transfer.
WorldSafePay
WorldSafePay offers the payment option of a Manual Bank Transfer.
- Go to the Deposit Funds section.
- Select the method: Credit Card or Bank Transfer
- Select ZAR Wallet.
- Enter the amount you wish to send. Keep in mind that you can only use ZAR currency, and the minimum deposit limit is equal to $10.
- Click on the “Go to Payment” button.
- A new pop-up window will open, select the SafePay option (the second button).
- Choose the option:
Manual Bank Transfer: Manually deposit funds into the provided bank account via bank transfer. - Once you make a deposit, it is crucial that you contact our [email protected] and provide us with proof of payment for verification of the payment.
Frequently asked questions:
Are there any fees associated with these payment methods?
NextTrade does not charge any fees for using these methods. However, please note that your bank or financial institution may apply charges for transactions or currency conversions.
How long does it take for funds to reflect in my trading account after making a deposit using these methods?
The processing time may vary depending on the payment methods and your bank’s processing times. Generally, funds deposited through SwiffyEft are credited almost instantly, while funds deposited via WorldSafePay may take a few hours to reflect in your trading account.
