AMQ Intern
- From $250
- Intern account manager
- Withdrawals within 48 hours
- Up to 15% weekly, 50% plus monthly*
10X YOUR ANALYSIS • 10X YOUR LEADERSHIP
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A progressive, South African-built credentialing framework, modelled on CFA Institute and the CMT Association, with SA-original content on the SARB, JSE, SAFEX, Regulation 28 and the FSCA woven through every tier. Each designation builds on the one before it, starting with RI(SA) and working up.
Institutional-grade advisory, training and audit engagements for funds, corporate finance teams, treasuries and family offices, delivered directly by the CTA Research team.
Portfolio management and advisory built on the same research process behind CTA Research's institutional coverage, for individuals, families and family offices who want the analysis, not just access to it.
Upcoming webinars and workshops run by the CTA Research team — live market briefings, valuation workshops and exam-prep clinics. Registration is handled by email so the team can confirm your seat and send joining details.
Account Managers for Quality™
Tell us where you are, what you want your money to do and how much risk you can live with. We turn it into a written Investment Policy Statement and a financial plan you can hold us to.
About ten minutes. Answer what you can; your account manager will fill the gaps with you. Fields marked * are required.
Start here while you learn
You start with your initial deposit of $50, which is enough for one small position and no diversification. Add $100 on top and we match it with credit, so your account reaches $250 in total equity, the AMQ Intern minimum. The trial runs for three weeks, then you move up to AMQ Intern. The higher the account type, the more senior your account manager and the more calls, meetings and updates you get.
| Account Type | Trial AMQ Intern Program |
|---|---|
| Duration | 3 weeks |
| Main focus | Teaching, plus the potential to grow your investment |
| Assets traded | 10 different areas |
| Expected returns (not guaranteed) | Up to 15% a week and up to 50% plus a month. Losses are possible. |
| Investment analysis accuracy | Up to 80% potential, not guaranteed |
| Initial deposit | $50 Funds one small position and cannot diversify. |
| Top-up deposit | $100 Lets the account spread across 10 different areas. |
| Bonus / credit | Matching credit, added by us Brings your total equity to $250. |
| Total equity | $250 The AMQ Intern minimum. You move up to AMQ Intern after the three weeks. |
| Support | Full guidance from your AMQ account manager |
| Risk management | 10% using a stop loss |
Risk warning. Investing carries a high risk of loss and you can lose part or all of your deposit. The weekly figure is a target, not a promise, and past results do not guarantee future results. Ask your account manager for the full terms of the matching credit before you deposit.
AMQ is an account management service firm, not a broker, and we operate under HF Markets as RE5 certified affiliates, and every AMQ account manager is RE5 certified. Your account type decides who manages your account, the calls and Zoom meetings you get each week and month, how often you are updated and how fast you can withdraw.
| Feature | AMQ Intern | AMQ Junior | AMQ Senior | AMQ CEO |
|---|---|---|---|---|
| Minimum Deposit | Starting from $250 | Starting from $500 | Starting from $1,000 | Starting from $10,000 |
| Account Manager Profile | Intern account manager | Junior account manager | Senior account manager | The AMQ CEO personally |
| Management Structure | Supervised by a senior manager | Reviewed by a senior manager | Dedicated senior manager | Directly managed, bespoke structure |
| Expected Weekly Returns* | Up to 15% | Up to 15% | Up to 15% | Up to 15% |
| Expected Monthly Returns* | Up to 50% plus | Up to 50% plus | Up to 50% plus | Up to 50% plus |
| Investment Analysis Accuracy* | Up to 80% potential | Up to 80% potential | Up to 80% potential | Up to 80% potential |
| Weekly Calls | 1 group call | 1 group call | 1 one-on-one call | 2 one-on-one calls |
| Monthly Zoom Meetings | 1 group Zoom | 1 one-on-one Zoom | 2 one-on-one Zooms | 2 one-on-one Zooms, more on request |
| Performance Updates | Monthly | Fortnightly | Weekly | Weekly, plus on request |
| Withdrawal Frequency | Monthly | Twice a month | Weekly | Any business day |
| Withdrawal Processing | Within 48 hours | Within 24 hours | Instant* | Instant* |
| Time Horizon (Portfolio Closure) | 12 months | 6 or 12 months | 3, 6 or 12 months | 3 months or bespoke |
| Monthly Dividends | ✓ | ✓ | ✓ | ✓ |
| Analyst Access | Weekly market briefing | Briefing plus model portfolio notes | Dedicated analyst notes | Executive analyst access |
| Support | Business hours | Priority support | Priority support | Direct line to the CEO |
| RE5-Certified Account Manager | ✓ | ✓ | ✓ | ✓ |
*Expected and potential figures, not guarantees: past performance does not guarantee future results and you can lose part or all of your capital. Instant withdrawals are instant on our side. Your own bank's processing time still applies. Shariah accounts available. Contact us for more information.
Property deals CTA Research owns or is actively working on, alongside opportunities we're inviting partners and investors to join us in acquiring. Every listing shows the deal terms, capital required and current status.
Hands-on tools for the Pro Equity Research Program — the calculator suite CTA Research uses internally, and a simulation for practicing the judgement calls behind it. Educational only, not financial advice.
The intrinsic value calculator suite CTA Research uses internally — now live on the site, tool by tool. Educational tools for the Pro Equity Research Program, not financial advice.
Score ROE, Debt/Equity, Margin, EPS Growth, Dividend Track Record & BV Growth Consistency to see if the business is worth valuing.
Step 1: Current BV/Share, prior BV/Share & years → CAGR. Step 1b: plot up to 10 years of BVPS with R² trend check to confirm it's stable enough for a DCF.
Project future book value and dividends, discount back to today's value, and get a BUY/HOLD/OVERVALUED call vs. market price.
Enterprise Value DCF for growth/capital-intensive names — projects Unlevered FCFF, discounts at WACC, solves EV → Equity Value → per share.
Value a company against up to 5 peers using P/E, EV/EBITDA, P/B and P/S — cross-check against your DCF/FCFF number.
Value each business segment separately, then add them up, for multi-segment companies like Tesla, Amazon or Naspers.
See how Intrinsic Value / Share swings across a grid of discount rate and growth rate assumptions — a heatmap view of your valuation's key risk.
Flip the FCFF model around: feed in today's market price and solve for the revenue growth rate the market is already pricing in.
You're an analyst against 3 AI rivals. Roll, buy stocks, dig into full research reports, answer valuation & compliance questions, and try to get promoted by the PM. The whole point is to build the analyst mindset — reading fundamentals, catalysts, financials, valuation, comps and technicals — before you commit to a position. Simulation for training purposes — all prices and figures are randomly generated each game.
Step 1 — BV Growth (CAGR): work out a historical Book Value CAGR from two data points. Step 1b — Stability Chart: plot up to 10 years of BVPS to confirm the trend is consistent enough to trust in a DCF. Yahoo Finance: Balance Sheet → Total Equity ÷ shares outstanding.
Enter two Book Value / Share figures and the number of years between them.
Only fill in the years you have data for — leave the rest blank.
Educational tool for the Pro Equity Research Program — not financial advice. All inputs are user-estimated; past growth does not guarantee future performance. CTA Research (Pty) Ltd · Johannesburg.
Before running any valuation, answer this: is this business worth valuing? Enter 6 key metrics below. Rates profitability, stability, leverage and shareholder returns, then tells you whether your DCF can be trusted.
Educational tool for the Pro Equity Research Program — not financial advice. CTA Research (Pty) Ltd · Johannesburg.
Projects future book value growth and dividends, then discounts back at your chosen discount rate — typically the 10-year government bond yield. Carry your CAGR across from Step 1.
| Year | BV Start | BV End | Dividend | PV of Dividend | Cumulative PV |
|---|
Educational tool for the Pro Equity Research Program — not financial advice. All inputs are user-estimated. CTA Research (Pty) Ltd · Johannesburg.
For growth, industrial, or capital-intensive companies (e.g. Tesla) where free cash flow — not book value or dividends — drives worth. Projects Unlevered FCFF, discounts at WACC, and solves Enterprise Value → Equity Value → per share.
| Yr | Growth | Revenue | EBIT | NOPAT | +D&A | −CapEx | −ΔNWC | FCFF | PV of FCFF |
|---|
Best suited for growth / capital-intensive companies with forecastable revenue, margins and capex — not banks/insurers or pre-revenue names. Educational tool only, not financial advice. CTA Research (Pty) Ltd · Johannesburg.
Values a company by comparing it to similar peers using P/E, EV/EBITDA, P/B and P/S multiples — cross-check this against your DCF or FCFF intrinsic value.
| Peer Company | P/E | EV/EBITDA | P/B | P/S |
|---|---|---|---|---|
| Peer Average | — | — | — | — |
| Peer Median | — | — | — | — |
| Method | Implied — Peer Avg | Implied — Peer Median |
|---|---|---|
| P/E × EPS | — | — |
| EV/EBITDA × EBITDA, less Net Debt/Share | — | — |
| P/B × Book Value/Share | — | — |
| P/S × Revenue/Share | — | — |
| Blended Implied Value | — | — |
Peer multiples must be checked and refreshed by you — they are not live data. Educational tool only, not financial advice. CTA Research (Pty) Ltd · Johannesburg.
For multi-segment companies (Tesla, Amazon, Naspers) where one blended growth/discount rate can't fairly describe very different businesses under one roof. Value each segment separately, then add the pieces together.
| Segment | Valuation Method | Subtract? | Segment EV | |
|---|---|---|---|---|
| Total Enterprise Value | — | |||
Compare this to the plain FCFF Calculator verdict for the same company — SOTP is usually higher for multi-segment growth companies. Segment values are user-estimated; educational tool only, not financial advice. CTA Research (Pty) Ltd · Johannesburg.
Every DCF-style valuation lives or dies on two assumptions: your discount rate and your growth rate. This grid uses the Gordon Growth (perpetuity) model — Value = Cash Flow × (1+g) ÷ (r − g) — to show how Intrinsic Value / Share moves as those two assumptions shift around your base case.
Rows = Discount Rate, Columns = Growth Rate. Centre cell (bold border) is your base case. If a price is entered, cells are shaded green (undervalued) or magenta (overvalued) by margin of safety.
The perpetuity model breaks down when the discount rate is at or below the growth rate — those cells show "n/a". Educational tool only, not financial advice. CTA Research (Pty) Ltd · Johannesburg.
Instead of forecasting growth and solving for a fair price, this flips the FCFF model around: enter today's market price and it solves — via the same Enterprise Value → Equity Value → per-share bridge as the FCFF Calculator — for the flat annual revenue growth rate over the next 5 years that the market is already paying for.
| Yr | Revenue | EBIT | NOPAT | +D&A | −CapEx | −ΔNWC | FCFF | PV of FCFF |
|---|
Assumes a flat (non-ramping) growth rate across the explicit 5-year period, unlike the forward FCFF Calculator's Year 1 → Year 5 ramp. Best suited for growth / capital-intensive companies — not banks/insurers or pre-revenue names. Educational tool only, not financial advice. CTA Research (Pty) Ltd · Johannesburg.
Short-term lending facilities offered directly by CTA Research. Choose the option below that fits your need.
For qualifying small businesses. Loans from R5,000 to R100,000.
For individuals. Loans from R1,000 to R5,000.
Short-term lending for qualifying small businesses, from R5,000 up to R100,000.
Complete the form below with your business details and financing need. It's sent straight to our team by email so we can guide you through eligibility and next steps.
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A structured 6-month program in equity research, company valuation, technical analysis and investment risk management. Download the prospectus below, then complete the application form.
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Short-term lending for individuals, from R1,000 up to R5,000.
Complete the form below with your details and financing need. It's sent straight to our team by email so we can guide you through eligibility and next steps.
Fields marked * are required.
Research first. Presentation second. Capital last. Every analyst proves it in a written report and a live pitch before they ever trade a cent of Lab money.
Apply to the LabThe Analyst Laboratory is CTA Research’s proprietary trading division. We do not manage client money and we do not sell tips — we trade our own capital and build analysts.
The Lab exists to prove that disciplined equity research holds up under real accountability. Every analyst is judged on the quality of their thinking — on paper and out loud — long before they’re judged on a P&L.
Research reporting comes first. Presentation comes second. Trading is the reward for getting the first two right — not the starting point.
You get:
We expect:
Access: Private facility. Invite-only. No walk-ins.
The Lab funds your tuition. Every loss we take becomes a case study you learn from. Top Academy performers get invited to submit a report and pitch for Lab consideration.
Join Research Club: Get access to Morning & Monthly Meetings for R199.99/3 months. Learn alongside in-house analysts.
We hire for character, train for skill.
Requirements:
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CTA Research | Analyst Laboratory is a division of CTA Research Group (Pty) Ltd. We trade proprietary capital only. We are not an authorized Financial Services Provider. We do not provide advice to the public. All research is for internal use and education.
Questions about a course, program or the Research Club? Reach out via WhatsApp or email and the team will get back to you.
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AMQ operates under HF Markets as RE5 certified affiliates of HF Markets, helping with account management as agents.
HF Markets SA (PTY) Ltd is authorised by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with authorisation number 46632.
HF Markets Ltd is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, category 1 Global Business No. C110008214 License | Company Reg. No. 094286/GBL.
HF Markets (Seychelles) Ltd is regulated by the Seychelles Financial Services Authority (FSA) with Securities Dealer’s License number SD015.
The FSP is not the market maker, or product issuer, and acts solely as an intermediary in terms of the FAIS Act between the client and HF Markets (Seychelles) Ltd (the Product Supplier), rendering only non-discretionary intermediary services on derivative instruments.
The affiliated entities operate in accordance with the applicable legal and regulatory requirements of their respective jurisdictions, which are applicable to clients’ accounts.
All entities referenced herein are part of the HFM Group and are duly authorised to operate under the HFM brand.
The information on this website may only be copied with the express written permission of HF Markets SA (Pty) Ltd.
Risk Warning: Trading in complex securities such as CFDs involves significant risk and may not be suitable for all investors. Prices may fluctuate and securities can become entirely valueless. You may incur losses that exceed your potential profits, and in some cases, losses may exceed the amount you have deposited. Engaging in such transactions requires a sound understanding of the associated risks. Please read the full Risk Disclosure.
Regional Restrictions: HF Markets SA (PTY) Ltd offers services to residents of South Africa.
