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The key facts:
- JusTrade is a real-money prediction exchange. FYI, South Africa’s currency is the South African Rands (ZAR).
- At this stage, they list financial contracts, only.
- CDA.
- They welcome customers from anywhere —just be over 18, and do comply with South Africa’s anti-money laundering legislation called the Financial Intelligence Control Act (FICA).
- “All customer funds whether reserved for margin or not receive interest, of which we take 1% of the interest earned.”
- JusTrade was granted an exchange license by the Financial Services Board (FSB). – (Security Services Act of 2004)
- JusTrade is launched by Rory Mackay and Michael Franze. (Mike is the one who wrote the software.)
- They created a joint venture with the Bond Exchange of South Africa Limited (BESA).
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