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Fund your offshore account with a credit or debit card
Funding your offshore account is now quicker, simpler and more efficient.
With our new offshore card payment process, successfully authorised payments by credit or debit card will reflect in your offshore trading account immediately. R1 million single discretionary allowance may be used for foreign investment without having to obtain tax clearance.*
Fund your account in two quick steps:
Log into your account, click on MyIG and go to the ‘live accounts’ tab on MyIG. Click on 'Bank details' and add your card details.
Click on ‘Deposit funds’, enter your card details and add the amount you want to pay then hit ‘Deposit’. The rand value paid into your offshore account can be converted into the base currency of your choice.
To add to the good news, there are no costs when depositing via card into your offshore trading account.
*South African residents have a single discretionary allowance (SDA) within an overall limit of R1 million per individual per calendar year without the requirement to obtain a Tax Clearance Certificate. You may need to obtain a Tax Clearance Certificate for payments above this amount.
IG is a trading name of IG Markets Ltd and IG Markets South Africa Limited. International accounts are offered by IG Markets Limited in the UK (FCA Number 195355), a juristic representative of IG Markets South Africa Limited (FSP No 41393). 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.
IG provides execution only services and enters into principal to principal transactions with its clients on IG’s prices. Such trades are not on exchange. Whilst IG is a regulated FSP (number 41393), CFDs with IG are not regulated by the FAIS Act and IG does not provide advisory or intermediary services.
The information on this site is not directed at residents of the United States or any particular country outside South Africa and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.