Custody & Settlement
Where your money goes, how your shares are held, and how trades settle across African markets — explained plainly.
Held in your name
Shares sit in segregated accounts with licensed custodians as your beneficial property — never commingled with company funds.
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 |
| Uganda Securities Exchange (USE) | Uganda | T+3 |
| Malawi Stock Exchange (MSE) | Malawi | T+5 |
“T+2” means a trade settles two business days after execution. Your holding appears in your dashboard immediately; formal registration completes within the cycle.
Custody & settlement: FAQ
Are my shares held in my own name?
Yes. The shares you buy are held in your name in segregated accounts with licensed custodians — they are your beneficial property, kept separate from the platform’s own assets. mystocks.africa is a technology and access layer; it does not commingle client securities with company 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 formal share registration completing within the settlement window.
What happens to my investments if mystocks.africa stops operating?
Because your shares are held in your name with licensed custodians — not on the platform’s balance sheet — they remain your property independent of mystocks.africa. 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 wallet 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.