ANSWER Dear Investor,
Banxso currently claims to be regulated by the Mauritius Financial Services Commission (FSC) under the entity name Éclat Technologies Limited. Our investigation confirms that this entity is registered with the Mauritius FSC; however, the regulator does not disclose the operational website, meaning this regulatory link requires further verification. Additionally, the Mauritius FSC is considered an offshore regulator with relatively lenient oversight, implying that brokers under its jurisdiction carry potential risks.
More critically, we have found that the Austria Financial Market Authority (FMA) has placed this platform on its warning list, stating that it is not authorised to conduct securities transactions in Austria that require a licence.
In light of these findings, we recommend that you exercise extreme caution and conduct thorough due diligence if you are considering trading with this broker.
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