Sharenet Account Type

Sharenet offers a single type of trading account known as the Standard Account. To open this account, clients are required to make a minimum deposit starting from $3,500 (approximately 50,000 ZAR). The account features a spread starting from 1.0 pips for major currency pairs like EUR/USD and provides 1:1 leverage. The minimum order size is 0.01, and clients can trade various instruments including 41 currency pairs, 94 CFDs on indices, 5 metals, 1 energy resource, and 2 bonds. Additionally, Sharenet provides access to the Johannesburg Stock Exchange (JSE) for South African residents, allowing them to trade spot shares.

Sharenet Broker Account Opening Process

The process to open a trading account with Sharenet involves several steps:

• Visit the Website: Go to the Sharenet official website.
• Click on Account Registration: Find and click on the option to open a real trading account or a demo account.
• Complete the Registration Form: Fill out a comprehensive registration form that includes personal details, residential address, financial information, employment status, and trading experience. The registration consists of nine blocks of information.
• Verification Process: After submitting the registration form, clients must go through a verification process. This involves uploading documents such as an ID, proof of residential address, and proof of bank details.
• Contact Broker Representatives: Clients need to communicate with Sharenets representatives for further steps. Only after verification and communication can clients fund their accounts and start trading.

The entire process may take some time, and it is recommended to prepare all necessary documents in advance to expedite the account opening. For further assistance, clients can reach out to Sharenet's support team via email or phone.