Banxso Review: Banxso.com a Legit South African Broker

Banxso is a company that claims it makes trading activity simple and easy. They have everything in place that investors need to succeed. The company does not charge commission and executes trades instantly.

The broker is operating legally in South Africa. Their website is professionally built and has adequate information on how it runs. Additionally, the trading conditions are also ideal. Clients can utilize the superior trading interface and advanced trading tools.

Banxso is an investment scheme that looks after its customers. They have a trading course meant to improve the skills of traders. Clients can use webinars, eBooks, and videos. It is a company that can also work well with international investors as it has transparent trading conditions.

All the necessary information is available. Moreover, the platform does not have hidden fees. They also safeguard investors’ funds. You have nothing to worry about if The entity is working with a reputable financial institution to segregate accounts. It is essential to stick to a regulated forex enterprise to earn passive income.

Banxso.com Review

Banxso does not discriminate, and it accepts both novice and expert traders. You can also trade from anywhere without limitation. They have multiple assets under one roof. These include; forex, bonds, commodities, stocks, Cryptos, and indices. 

Trading in multiple products diversifies investment portfolios. It also allows you to explore more markets in one place. After doing your research thoroughly, we concluded that this is a legit Investment company. Investors can entrust their funds without the fear of being defrauded.

The ownership information is indicated. Banxso is working with a qualified team. The trading results are also visible to the public. The broker also complies with the European regulation. They work for the well-being of their customers. The company does not care what your current market knowledge is as they promise to assist all members.

The broker assigns clients a personal manager who can work with them to attain success. The latest news is available to educate investors on the current trading news. They also conduct real-time technical analysis. One of the main advantages is using AI technology. It keeps their clients a step ahead of their competitors.

Trading Conditions of Banxso

It can be hard to study novice traders’ charts and technical jargon. Multiple resources can help you to navigate the market. To earn passive income, you need adequate skills and an understanding of how the market works.

Banxso will show you how to manage your risk and effectively manage your portfolio. The platform allegedly provides the best strategy to help investors trade successfully. The company offers both the metatrader4 and metatrader5 software. The interface is user-friendly and comes with EAs. One can also create custom scripts while using advanced indicators. You can also use the stop loss and take profit features.

Anyone can use the MetaTrader with its intuitive features. The majority of investors love the multiple advanced trading tools. Traders can also sign up to acquire trading signals from expert traders at a minimum fee. You can also take advantage of the economic calendar. Unfortunately, the copy trading strategy is not available. This is an advantage to novice traders as they can emulate what the professional traders are doing.

Trading Account of Banxso

A company has a demo account that allows investors to familiarize themselves with the trading activities. Only one trading account available will enable clients to trade stocks, forex, indices, commodities, and cryptocurrencies.

The EURUSD currency pair has a spread of 0.2 pips. Banxso is not taking any Commission from their customers for the first three months. After that, you can expect some commission from the company. However, they assure our clients the amount is reasonable.

They offer a leverage of  1;25 for indices, 1:100 for forex, 1:10 for stocks, and 1:1 for digital currencies. The limit is above the regulatory agency of various countries. The only problem with high leverage is the risk involved. However, experienced investors who have high-risk appetites will find the company desirable.

Withdrawal and Deposits 

The minimum amount that you can deposit is $250. This is per the average market standard price. The information is only available on the legal documentation instead of on the account section.

Investors can deposit funds via; UnionPay, Credit, and debit card, wire transfer, bitcoin, China UnionPay, and PayPal. There are no fees on deposit and withdrawal. Investors can, however, expect an activity fee if they have not logged into the account for the last three months.

Customer Support and Contact Details

The company claims it has employed the best customer support. They are available to assist whenever you face a challenge. You can contact the company via live chat that is available 24/5. Investors can also check on the knowledge center to see whether the issue they are facing is featured. 

Banxso provides an office address and a phone number. This is more than what an offshore company offers. It is essential to have the assurance that the platform will resolve your issue in time. There are no complaints from their client, which is a great thing.

Regulatory Status of Banxso

Banxso has a license from the Financial Sector Conduct Authority (FSCA). This is the regulatory body of South Africa. Investing with a legitimate company gives you peace of mind knowing that your money is secure. The regulatory body of South Africa continues to be popular in the industry.

However, they are not as stringent as other financial watchdog globally. Nonetheless, the body ensures customers’ protection is taken care of. FSCA requires that brokers must have a physical office. The scheme should also have enough funds to cover the potential debts and expenses. There is no specific capital that a broker must deposit as the agency determines if the platform is fit to acquire a license. 

The agency also ensures the company hires a qualified team to determine its financial standing. They do not allow incompetent individuals to handle traders’ funds. South African traders can try out this company as it is qualified and transparent.

Banxso is an investment scheme not accepting traders from the following countries; the USA, Australia, India, New Zealand, Nigeria, Israel, and the Philippines. All other investors are welcome to try out their services to read they also have some branches in Saint Vincent and the Grenadines, Mauritius, and Seychelles.

We learned that the platform plans to acquire licenses from the United Kingdom (FCA), Cyprus (CySEC), and UAE-DFSA. Moreover, this would make them a multinational investment scheme. It’s a good thing to see a legit Investment company despite so many scammers in the market.

Final Verdict 

Banxso is a good investment company that has a license from a reputable regulatory agency in the market. They enforce fund safety and have excellent trading conditions. The platform has various products and does not charge commission. They, however, do not disclose the inactivity fee and hope they will resolve the issue.

Unfortunately, the company appeared to be targeting investors from some regions of Africa. They are yet to acquire licenses from European and other countries. Nonetheless, the broker targets accomplishing this in the future. In the meantime, you can check out these fully regulated investment entities in various countries.

Does Banxso has a license?

Yes, the venture is regulated in South Africa

Is the customer support of Banxso genuine?

Yes, the scheme has a professional and friendly team