Banxso was red-flagged by Seychelles FSA for not possessing the required license from this financial regulator.
Banxso
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5.2
(6 Reviews)
Founded: - Min Deposit: 250 USD/USD
Headquarters: Cape Town, South Africa Max Lev: 1 : 600
Score
Business Scope
0.0
Trading Cost
4.7
Trading Platforms
5.0
Support
4.8
Licence Status
A
CySEC 413/22
Authorised
Contact
Broker News
Banxso Pauses to Accept Clients Under Its Cypriot Financial License
Nov 14, 2024
Banxso's Cyprus license is still effective, but the broker has suspended accepting clients.
FSCA Reiterates the Suspension of Banxso's License as the Broker Still Conducting Financial Services Business
Nov 13, 2024
Banxso's bank accounts have been unfrozen, but the broker is not allowed to withdraw any funds in the accounts. The company has applied for liquidation in the local court.
FSCA Pauses the Financial License of Banxso
Oct 17, 2024
Seven of Banxso's bank accounts have been frozen.
Account Type
--
Score
Trading Platforms
MT5
Min Deposit
250.0 USD
Max Leverage 1 : 200
Min Trade Volume
1 Lots
Spread Type
Variable Spread
Trading Instruments
ETFs,
Cryptocurrencies,
Indices,
Commodities,
Forex/Currencies
Deposit and Withdrawal
4.8
Score
Company and Service
--
Score
Profile
Headquarters Address
117 On Strand De Waterkant, Capetown 8001, South Africa
Credit Profile No information
Trading Platforms
Contact
No Data
Others
Website Language
لغة الملايو,
English
Customer Service By
Phone,
Email,
Live Chat,
Facebook,
Twitter,
Instagram,
LinkedIn,
Youtube,
WhatsApp
About Banxso
Empowering Dreams, Revolutionizing Trading
Bridging Communities and Markets for a Brighter Future. Banxso’s story began with a vision to break down barriers and democratize access to financial markets, offering everyone the chance to invest and grow their wealth. We pride ourselves on our dedication to community support, regulatory safety, and embracing diversity.
Our Story
From Local Beginnings to Global Impact
Banxso started in Africa with a mission to bring financial trading to communities previously excluded from international markets. As a pioneer in combining brokerage with education, we’ve empowered thousands to understand and engage in financial markets.
Our Values
Community, Safety, Diversity, Empowerment
Through strategic partnerships and a relentless focus on education, we strive to uplift individuals and make a meaningful impact on their communities. Our values of community, safety, diversity, and personal empowerment are at the core of everything we do.
Trusted and Recognized
Recognized with numerous accolades for our efforts in underserved communities, Banxso has expanded internationally, continuing to innovate and lead in the trading industry.
Overall Score
5.2
6 Reviews
Cost 4.7
Platforms 5.0
Deposit & Withdrawal 4.8
Customer Support 4.8
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6 Reviews Clear filter
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ALPIPO
This platform deceived me~
Mar 31, 2026
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Douglas
Banxso is scamer broker ，is scamming more clients and his employee
Dec 10, 2025
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Jak de Waal
Trading with banxso and have a good experience so far
Jan 01, 2024
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Jodie Brahmadesam
Very Bad Experience, since I have join almost lost USD 400, after the current balance I will delete my account.
Aug 18, 2022
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Vivek Kakkad
I had a some money in my account that i had saved there more than a year there without trading and I don't know how was it possible but my account was managed by someone who i really don't know.
Aug 04, 2022
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Doo Riya
Not too bad, I can barely earn some living expenses.
Jul 13, 2022
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Risk Warning
FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.
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