Why two accounts?
We open two separate trading accounts for you when you apply, a domestic account held with IG South Africa and an international account held with IG UK. This means that you can trade local instruments (in local currency) as well as over 10,000 international markets (in a range of foreign currencies) with the security, technology and support of the FTSE-250 listed, IG Group.
We do this in order to adhere to South African exchange control regulations that only allow local instruments to be traded on a domestic account.
South African residents are required to obtain the necessary tax clearance certificates in line with their foreign investment allowance and may not use credit or debit cards to fund their international account.