Custody & Settlement
Where your money goes, how your shares are held, and how trades settle across African markets — explained plainly.
Omnibus nominee structure
The nominee is the registered holder of pooled securities. Our sub-ledger records your whole-share beneficial interests and any contractual fractional entitlements.
Licensed local execution
Every order routes to a licensed dealing member on the relevant African exchange. You need no local broker relationship.
Regulated framework
South African regulatory permissions under FSCA licence FSP 52040 (via TanFox Pty Ltd), with KYC/AML on every account.
Settlement cycles by exchange
| Exchange | Country | Settlement |
|---|---|---|
| Nairobi Securities Exchange (NSE) | Kenya | T+2 |
| Nigerian Exchange Group (NGX) | Nigeria | T+1 |
| Johannesburg Stock Exchange (JSE) | South Africa | T+3 |
| Ghana Stock Exchange (GSE) | Ghana | T+3 |
| Botswana Stock Exchange (BSE) | Botswana | T+5 |
| Lusaka Securities Exchange (LUSE) | Zambia | T+5 |
| Bourse Régionale des Valeurs Mobilières (BRVM) | West Africa (UEMOA) | T+3 |
| Zimbabwe Stock Exchange (ZSE) | Zimbabwe | T+3 |
| Egyptian Exchange (EGX) | Egypt | T+2 |
| Dar es Salaam Stock Exchange (DSE) | Tanzania | T+3 |
| Uganda Securities Exchange (USE) | Uganda | T+3 |
| Malawi Stock Exchange (MSE) | Malawi | T+5 |
| Casablanca Stock Exchange (CSE) | Morocco | T+2 |
| Stock Exchange of Mauritius (SEM) | Mauritius | T+3 |
“T+2” means a trade settles two business days after execution. Your holding appears in your dashboard immediately; settlement into the omnibus nominee account completes within the cycle.
Custody & settlement: FAQ
Do I own the shares I buy?
mystocks.africa operates an omnibus (pooled) nominee model. The nominee is the registered holder, while our client sub-ledger records each customer’s position. Subject to applicable law and partner terms, whole-share positions represent your beneficial interest in the corresponding securities held in the pool. A fractional position is not beneficial ownership of a separately identifiable share; it is a contractual entitlement against the pooled holding, including the economic benefit of dividends and sale proceeds attributable to that fraction. Client assets are held separately from the platform’s operational funds.
How does settlement work on African exchanges?
When you place an order, it routes to a licensed dealing member on the relevant exchange and settles on that market’s standard cycle (typically T+2 or T+3 — see the table above). Your position appears in your dashboard immediately, with settlement into the omnibus nominee account completing within the settlement window.
What happens to my investments if mystocks.africa stops operating?
Securities are held through omnibus nominee accounts separately from the platform’s operational funds, and our client sub-ledger records each customer’s whole-share interests and fractional contractual entitlements. Their treatment in an insolvency or wind-down depends on applicable law, the relevant custody and partner agreements, and successful reconciliation of the pooled holding to customer records. See our business continuity planning for how continuity and orderly wind-down are handled.
Is mystocks.africa regulated?
mystocks.africa holds South African regulatory permissions under FSCA licence FSP 52040, through MyStocks Technologies (Pty) Ltd as a Juristic Representative of TanFox (Pty) Ltd. In each local market, orders are executed by licensed broker-dealer partners. See our compliance hub for details.
In what currency is my account settled?
Your account and statements are denominated in US dollars. Local-currency conversion happens only at the point of trade execution and again when dividends are received, so your cash position and reporting stay in USD.
This page is general information, not financial advice. Investing involves risk, including the possible loss of capital. Regulatory permissions are held in South Africa under FSCA licence FSP 52040 (via TanFox Pty Ltd); local execution is handled by licensed broker-dealer partners in each market. See our risk disclosure.