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Easy equities guardian consent form

Easy equities guardian consent form 2025

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The document is a Guardian Consent Form and Suretyship for EasyEquities, outlining the responsibilities and agreements between a guardian, a minor child, and the financial service provider (FWT). It details the consent required from guardians for minors to open trading accounts, the processing of personal data, and the suretyship obligations of the guardian regarding any debts incurred by the minor. The agreement emphasizes legal binding terms, access rights for trading, and conditions under which the guardian can revoke consent or terminate trades.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is it okay to have negative equity on a balance sheet?

If total liabilities exceed total assets, the company will have negative shareholders equity. A negative balance in shareholders equity is generally a red flag for investors to dig deeper into the companys financials to assess the risk of holding or purchasing the stock.

What happens if your trading balance is negative?

If your balance becomes negative, it means that you owe money to the broker. To prevent account balance from going negative, most brokers offer negative balance protection, which enables brokers to partially close orders when the trade goes against a highly leveraged position.

What if my fund balance is negative?

Your account or fund balance can be negative in the following cases: Daily trading positions have been marked to market losses. Other charges may be due - this may include DP charges, interest charges or any other government charges, details of which can be found in your ledger and contract notes.

How old do you have to be to use EasyEquities?

A person younger than 18 years of age (a minor) can not open an account on their own. To do so they need a parent or legal guardian to open the account on their behalf. The parent / legal guardian opening the minor account must have their own FICA-verified EasyEquities account in order to do so.

Can you short on easy equities?

EasyEquities doesnt offer any kind of short selling, such as the short selling of real stocks or derivatives. If you are looking for brokers that offer short selling, check out this article about the best brokers for short selling or use our broker finder tool for a tailored recommendation.

How do I close my Easy Equities account?

Close my EasyEquities account Sell all holdings. This will include all assets in DEMO accounts, ZAR, TFSA, and offshore accounts. Withdraw all funds from the accounts. Notify our friendly client experience team by submitting a request to close your account.

What does a negative balance on easy equities mean?

If there are no available funds in your EasyEquities account, your account will be in a negative balance. You will either need to deposit additional funds or contact our trading desk to assist you with selling out of your instruments at tradingdesk@purplegroup.co.za.

What does a negative balance on my account mean?

What Is a Negative Bank Account Balance? Your account becomes negative when the balance goes below zero. Its also called an overdraft. This occurs when you make payments that you dont have enough money in the account to cover. If the bank accepts the payment, your account incurs a debt, making your balance negative.

Easy equities guardian consent form 2025

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