Your Trading Partner of Choice
As a central player in the South African OTC market, FiveWest has successfully traded over R500 million per month for the past three years.
Settle trades to your bank account in less than 5 minutes.
Convert between multiple crypto assets and fiat.
Competitive live rates offered.
Why Choose FiveWest?
FiveWest offers clients tailored solutions to meet their needs.
Vast Network of Partners
FiveWest sources liquidity from multiple trusted partners.
Dedicated Team
Ongoing support from experienced trading professionals.
Deep Liquidity
Execute large trades securely and efficiently.
FAQs
How does OTC trading work?
OTC trading desks enable direct transactions between buyers and sellers through a broker. These desks receive specific buy and sell orders from interested parties and provide a mutually agreeable quote for the trade. The broker facilitates negotiation between the participants, ensuring terms are aligned. Once both sides reach an agreement, the trade is executed off-exchange to minimise market impact. The buyer then transfers funds to the desk, and upon confirmation, the seller releases the agreed-upon crypto assets. Settlement is completed instantly or according to a predetermined schedule.
What are the benefits of OTC trading?
OTC trading offers several unique benefits:
1. Trading OTC is an effective way to reduce slippage for large trades as deeper liquidity minimises market price fluctuations.
2. OTC trading desks offer flexible crypto-to-fiat and fiat-to-crypto trading pairs.
3. Registered OTC desks follow strict compliance standards, enhancing the overall security of transactions.
What are FiveWest's trading limits?
FiveWest offers personalised OTC trading for transactions starting from a minimum of R250,000.00, with no maximum limit. Our Instant Buy/Sell feature is ideal for those looking to trade smaller amounts.
How does FiveWest keep funds safe?
FiveWest is integrated with Ceffu to ensure client's digital assets are safely stored and managed.
