Trade like a pro with Mirrovest, South Africa’s first homegrown mirror premium social trading platform.
· Start building your wealth today by tapping into the exciting world of stocks and derivatives!
· •Use our online trading system to mirror the trades made by professional and amateur stockmarket traders.
· •Connect and interact with traders in South Africa and overseas, and even follow other’s trades.
· •Take advantage of the potential gains from trades in stock exchanges, unit trusts and selected financial instruments.
· •Easy and convenient -
· •Low entry investment – from as little as R5000
· •Competitive pricing – and no hidden fees.
· •Traders – build your reputation and earn an additional revenue stream.
Benefits
Become a lead trader
Trade on our award winning IRESS® platform, IRESS®or simply connect your trading account to Mirrovest and take advantage of our innovative tools.
BECOME A LEAD TRADER
Follow a lead trader
Mirrovest's Next Generation Social proprietory Mirrortrading technology lets you follow and copy the actions of experts.
FOLLOW A LEAD TRADER
Start trading now!
Our Social Trading technology lets you follow and copy the actions of expert ‘LeadTop Traders’ automatically.
START TRADING NOW!
Mirror Trading with Mirrovest
Most people have a long list of financial goals. This is why they consider investments that offer maximum returns. After all, your investments should provide the returns that will support all your goals.
History shows that the average return from investing in the stock markets and financial instruments is often higher than the average return of many other investments. An opportunity to achieve higher returns makes good sense for funding some immediate wants as well as the longer-term ones, such as early retirement.
What is mirror trading?
History shows that the average return from stock markets and financial instruments is often higher than the average return of many other investments. An opportunity to achieve higher returns makes good sense for funding some immediate wants as well as the longer-term ones, such as early retirement.
To trade start trading like a pro, you first need to open a demo Live Account account on Mirrovest and link it to some of our Lead Traders. Scan the Leaderboard and decide which Lead Traders match your style. Select them and watch the magic unfold!
redeposit money into your account. You then scan the list of our lead traders and decide who to follow. Alternatively, you can make your own online trading decisions.
Simply put: whenever the Lead Trader you selected makes a trade, the same trade is automatically executed in your Mirrovest account.
When you’re ready and confident, you can open a live account, fund it and start making real money!
lead trader places trades on his or her account, all followers of that lead trader receive the same trades on their accounts – unless, of course, they do not have enough usable margin.
What it costs
· 0.4% brokerage on CFD and SSF trades
· 0.5% brokerage on share trades
· 0.5% monthly management fee on equity portfolios
· STRATE settlement costs of 0.005459% of the value traded, with a minimum charge of R10.92 per broker's note on deals up to R200 000, and a maximum charge of R54.59 per broker's note for deals in excess of R1 million.
· An Investor Protection Levy of 0.0002% of the value of shares traded.
· VAT (Value Added Tax) of 14% is payable on the brokerage, the STRATE charge and Investor Protection Levy
· STT (Securities Transfer Tax) is charged at 0.25% on the value of share traded, but is levied only on share purchases, not sales.
Fees may change in future. We will strive to keep you informed of any changes.
Terms & conditions
Clickhereto view our terms and conditions
SOCIAL MIRROR TRADING
It builds on the concept that the collective wisdom of many traders is better than the wisdom of one. By connecting traders from across South Africa, including the professionals, and sharing their real-time trades, you can make social decisions about how to trade and whom to follow.
If you’ve always wanted to trade the JSE, but simply haven’t had the courage or the expertise, mirror trading might just be your answer. At Mirrovest we’re all about getting the regular Joe involved in the JSE without the obvious associated risks. We say it’s unrealistic for everyone in this country to do an online course in share trading and be magically turned into the next Warren Buffet.
Why not leave the trading to well-informed, qualified individuals and simply do what they do, when they do it. This is what mirror or copy trading trading is all about.
In a nutshell, the concept of social trading is simple, yet the benefits are incredibly powerful. You are able to follow any of the traders on our trading platform who are consistently successful, including our experienced lead traders, and trade as they do. This means you are always able to go to where the opportunity lies.
You can:
· match your portfolio to that of a lead trader/s and match their every trade. Our lead traders’ track records, positions and trades are verified and viewable on Mirrovest. This means you can see exactly how and what they are doing at any time.
· use the information on our website to make your own decisions and trades.
Social Mirror trading is also a popular way of investing globally. Soon you’ll be able to connect with fellow traders all over the world and join them in making money!
BENEFITS
Benefits of Mirror Trading with Mirrovest
Mirrovest offers many benefits to the traders follower and lead traders who use our online trading system:
Follower Traders
· You have unprecedented access to all the talent, insight and experience of our range of South Africa’s lead traders. Our lead traders undergo an on-going vetting and monitoring process to prove their prowess. Only traders meeting our strict criteria make the cut.
· No significant trading experience is necessary. By enabling follower traders to connect with each other, interact and even follow each other’s trades, people with less experience can enter the markets with a reasonable expectation of success, as they can mirror the trades of a more experienced trader.
· It’s so easy to trade! Once you have selected which lead trader/s to follow, trades execute automatically in your account. It is also easy to see how lead traders are performing – and equally simple to follow them. You may also make your own trades and, in time, gain followers based on your own successful track record.
· Get all live trades in real time. Our systems are set up to immediately mirror the trades of the lead trader/s you are following – so you don’t ever miss a great trading opportunity.
· You can make money whether a price goes up or down. Our CFD lead traders can both buy or sell positions, so they can make money regardless of price direction. This means your return does not depend on the overall market direction, but on the returns gained by the lead traders you are following.
· See how successful our traders are. You are never trading alone with Mirrovest. Use our blog to interact with lead traders, read their views and see who other traders are following.
· We offer functionality to limit risk. You can define your own maximum loss level through your account settings.
· Our platform itself is simple to use and intuitive. Our wide variety of search options enables you to obtain the information you want with a few clicks. In this way you have all the information you need to make educated decisions.
Lead Traders
Mirrovest gives traders access to an additional revenue stream. Register with us as a lead trader and your trades automatically reflect on our website. The better you trade, the more people will follow you and mirror your trades. Not only do you gain recognition in the investment community, but you also earn extra cash for every follower you gain.
MANAGING RISK
Managing Risk When Mirror Trading
For the potential rewards of trading, there are also some risks. Social trading in South Africa has the same risks as any other form of trading, so it is important to apply your own risk controls and trade responsibly.
When using our trading platform, we recommend that you keep in mind the following:
· Trading involves both possible profits and losses, so do not trade with money you cannot afford to lose.
· Follow the right traders. Check lead traders’ track records to see how successful they have been. Check their risk rating and see if your risk tolerance is similar to theirs.
· We do not offer some investments/instruments on our platform with reasonably high inherent risk, such as highly leveraged products. We also provide functionality that can be activated to help limit losses.
· Try to understand the financial instruments being traded by your selected lead trader/s and their strategies.
· Read our blog for traders’ news and views to understand what they are doing, their outlook and why they apply their particular strategy.
· Take time to learn how trading on Mirrovest works.
Try our Demo Accountfor free and experience the exciting world of trading before opening a live account.
Online Trading Tips
Here are a few tips for traders:
Appetite for risk. Traders have the potential to make good money. However, there is also risk involved, where traders may need to face losses. You need to be able to accept this risk. Read more about risk.
Persistence and discipline. Visit Mirrovest regularly to see how your selected lead trader/s is faring. If your lead trader is generally successful, this is a good reason to continue following him or her.
Interest and inclination. As you enter the world of trading, take an interest in financial markets and the various instruments, investments and economic outlooks. It may assist you in understanding the forces that drive market movements and what our lead traders are doing and saying on our blog.
Open-mindedness. Stick with what works and discard what does not. Financial independence. Ensure you have an adequate financial safety net before you start to trade. If you’re living paycheque to paycheque, build up some savings before embarking on your trading adventure.
Social interaction. With Mirrovest, you are not alone. Stay in touch with fellow traders via our blog.
Mirror Trading Terminology
To be supplied...
INSTRUMENTS
Mirror Trading Financial Instruments
Mirrovest enables South African traders to trade with a variety of financial instruments including derivatives, equities and indices.
Derivatives Trading
Derivatives, such as futures contracts or options, are financial instruments derived from other forms of assets. There are two types: exchange-traded derivatives and over-the-counter derivatives. These products differ in terms of their legal nature and the way they are traded.
Derivatives trading differs from trading in other types of securities, as derivatives are based on promises. When someone buys an option on a stock, they are not trading the stock with someone right now; they are simply purchasing the right to buy or sell it in the future. Our contracts for difference and single stock futures trading gives investors exposure to a range of CFD trades. markets at very competitive rates.
Equity Trading
The Mirrovest online trading platform allows traders to buy and sell equities listed on the main Johannesburg stock exchange (JSE) and the ALT-X board. Equity trading is the most popular form of investment activity in South Africa’s financial markets.
Indices Trading
Investors can also use Mirrovest to trade indices like the ALSI40 through derivatives such as CFDs, futures or options.
Trading indices has some advantages over equity trading in that it allows investors to use a single instrument to gain exposure to a broader basket of stocks which make up the index. Different indices follow their own specialised grouping of stocks such as technology or, as in the case of the ALSI40, the country’s largest listed companies.
DERIVATIVES(CFDs)
Contracts for Difference Trading
GLOBALLY THE Globally the stockbroking world has been shaken by the arrival of contracts for difference(CFDs), a derivatives trade that allows investors to get exposure to shares without trading the shares themselves.
Derivatives Trading
1. A contract for difference (CFD) is an unlisted instrument that is an agreement between a buyer and a seller.
2. The two parties make effectively enter into a contract that the seller will pay the buyer the difference in value of a particular instrument on a daily basis for the period between when the contract is opened and when it is closed.
3. The buyer will in return pay the seller the difference in price if its value decreases.
4. The difference is determined by referring to an underlying instrument.
CFD contracts provide a means for an investor to hedge against risk exposure or to speculate when an exchange rate change appears imminent. CFDs enable investors to gear (leverage) their investment, while avoiding many of the costs and hassles of trading in the underlying instrument. Trading CFDs is more advanced than normal equity trading and should only be attempted by individuals who are comfortable with the concept of gearing.
INDICES
Indices Trading
Stock indices are lists of stocks. These may be global, national, sector or other indices. They cannot be purchased in the same way as you might purchase a share. Stock indices thus also cannot be traded directly, as they are not products in their own right. They exist to provide information, so a portion of an index cannot be bought or sold.
Instead, investors trade indices like the ALSI40 through derivatives such as CFDs, futures or options. In fact, stock indices are the most popular form of CFD trading. Our lead traders may take short and long-term positions on a vast range on indices. Furthermore, the Mirrovest trading platform allows many indices to be traded even when markets are closed.
JSE LISTED SHARES
JSE Listed Share Trading
The JSE has been connecting buyers and sellers of South Africa equities for more than 120 years and also offers you exposure to the broader African continent.