Custody & Settlement
Where your money goes, how your shares are held, and how trades settle across African markets — explained plainly.
Nominee structure
mystocks.africa is the owner on record, holding shares with licensed custodians on behalf of its customers. You remain the beneficial owner; client assets are ring-fenced from 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
Do I own the shares I buy?
Yes — you are the beneficial owner of every share you buy. mystocks.africa operates a nominee structure: mystocks.africa is the owner on record (the registered legal holder) and holds the securities with licensed custodians on behalf of its customers, in an omnibus (pooled) account alongside other clients’ assets. Legal title sits with the nominee, but the economic ownership — and all rights to the shares, dividends, and sale proceeds — remains yours. Client assets are ring-fenced from the platform’s own funds, never commingled with company money, and our records track exactly how many shares belong to you.
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?
Although mystocks.africa is the owner on record under the nominee structure, the securities are held on your behalf with licensed custodians and ring-fenced from the platform’s own assets — they are not on mystocks.africa’s balance sheet. Your beneficial ownership is unaffected, and holdings can be reconciled to each client and transferred or returned. 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.