Score

1.51 /10
Danger

Momentum Securities

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index7.04

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

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40G

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Broker Information

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Company Name

Momentum Securities

Company Abbreviation

Momentum Securities

Platform registered country and region

Serbia

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Momentum Securities · Company summary

General Information & Regulation

Momentum Securities is an established stockbroking company in South Africa. Momentum Securities (PTY) LTD is located in GAUTENG, Gauteng, South Africa and is part of the Agencies, Brokerages, and Other Insurance Related Activities Industry. This company claims that it has 78 total employees across all of its locations and generates $14.53 million in sales (USD).

Services

Momentum Securities offers a full range of stockbroking solutions, including Discretionary ( Managed) portfolios, Advisory, Non-Discretionary(self-managed) Portfolios, Securities Based Lending, Asset administration,and Institutional Investors (SA, Pan Africa & Global).

Discretionary ( Managed) portfolios:

  • Discretionary (Managed) portfolios

  • Core Equity Portfolio

  • Balanced Portfolio

  • High Dividend Portfolio

  • Focused Core Equity Portfolio

Advisory

A minimum initial investment of R250 000 applies.

Securities Based Lending

  • Streamlined application process (3-5 days approval process);

  • No CGT event (no need to sell your shares in the portfolio in order to raise cash);

  • One account (securities and loan consolidated in one account);

  • No initial structure/administration charges, market related interest rate;

  • No fixed repayment terms;

  • No pre-payment penalties;

  • Single provider service, i.e. your Momentum Securities Relationship Manager will assist you in the application process.

Institutional Investors

Momentum Securities uses two main platforms to accept and route international orders – IRESS Pro and the Execution Management System (EMSX) via Bloomberg; for South African orders, we can also supply direct market access enabled by Financial Information eXchange (FIX).

Online Trading

The part include three segments: Trading platform, IRESS Trade Online, and Trade CFD online.

Customer Service

The Momentum Securities customer support can be reached through email (ms.cs@momentum.co.za) and telephone (+27 (0) 11 550 6270 ). Unfortunately, online chat is unavailable.

News

NewsMomentum ‘highly likely’ to resurrect RMB Asset Management

Momentum Investments CEO Jeanette Marais says it is time to go after the serious money.

WikiFX
2022-03-10 11:49
Momentum ‘highly likely’ to resurrect RMB Asset Management

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