Trading CFDs requires skills, knowledge, and understanding of relevant risks and is not suitable for everyone; Leveraged trading activity involves substantial risk of losing all invested funds within a short time period.
Trading CFDs requires skills, knowledge, and understanding of relevant risks and is not suitable for everyone; Leveraged trading activity involves substantial risk of losing all invested funds within a short time period.
BanxsoX offers access to Forex, Stocks, Indices, Cryptocurrencies, and Commodities, all with hedging enabled, integrated charts, advanced orders, customisable watchlists, flexible alerts, and full control over stop-loss and take-profit levels.
At Banxso, we love a good football match and bet that you do too.
We decided to partner with Bafana Bafana, and we are pleased to support this stellar team of champions.
Enjoy total security to get started in the world of investing today. Banxso is a commission free investment platform, and is an unmatched investment vehicle in today’s regulated market.
Trade with confidence with an FSCA regulated broker.
We offer negative balance protection to safeguard your account from trading market anomalies.
We offer a comprehensive range of tradable assets that are designed to help you achieve your financial goals.
Copy your favorite traders to enjoy their success and trade profitably. This account is packed with features and educational tools.
We are committed to transparency, security, and safety of accounts.
Banxso has been regulated since day one, and our primary focus is to provide the best trading environment monitored and supervised by regulatory statutes and frameworks every day.
Important Client Update on Banxso Operations
Dear Valued Banxso Client,
We understand that recent media coverage and provisional actions by the Financial Sector Conduct Authority (FSCA) may have raised concerns. Please be assured that your interests remain our highest priority, and we are committed to maintaining full transparency as we navigate this period.
Update on the Preservation Order and Access to Funds
Although the Western Cape High Court has lifted the preservation order on Banxso’s accounts, certain banking institutions are still maintaining temporary restrictions while awaiting final regulatory authorisations. We recognise the inconvenience this causes and we are working closely with the relevant authorities to expedite the process. These restrictions are purely procedural and do not reflect any underlying financial or operational issues.
Legal Proceedings
The application for Banxso’s provisional liquidation (Case No. 23249/2024) was heard in the Western Cape High Court and concluded on 6 May 2025. The presiding Judge has reserved judgment. We will keep you informed of any developments. Please note, no final ruling has been issued at this time.
FSCA Provisional Notice and Impact on Trading
Following the FSCA’s Provisional Notice of Withdrawal, Banxso is currently not permitted to onboard new clients.
However, recognising that many clients maintain open positions, we have continued to accept deposits specifically to supplement these existing positions and mitigate potential downside risks from market volatility. This decision has been communicated and discussed extensively with the FSCA. It is crucial to understand that any deposits made after 15 October 2024, were solely to support existing open positions. Any perceived trading activity beyond these positions is a result of the Metatrader platform’s automatic pricing feed and simulated trading environment. Due to the license withdrawal, Banxso is unable to execute transactions with liquidity providers.
We wish to emphasise that the FSCA has not made any final determinations regarding Banxso. We are fully cooperating with the regulator and remain in active communication to address all queries and provide the necessary information as part of the ongoing review process. Our goal is to ensure clarity, transparency, and a timely resolution in line with regulatory expectations.
Client Fund Protection and Position Management
All client deposits made during this time are held in segregated accounts and will be made available for withdrawal in due course. Maintaining open positions prevents forced liquidations of trades that could otherwise lead to avoidable losses. This approach is intended to preserve your potential for profit and mitigate further financial risk.
Security Advisory
We urge clients to be cautious of individuals posing as “recovery agents” seeking personal or financial information. Banxso does not engage third-party service providers for any recovery or client outreach efforts. For your safety, always request that any Banxso representative confirms your secure verification number before continuing a conversation.
If in doubt, please contact us directly via our Customer Support team at [email protected]
Contact Points
Banxso strongly refutes all allegations of financial misconduct, data breaches, client account mismanagement, or involvement in “deepfake advertisements.” We remain fully committed to cooperating with the authorities and to resolving this matter constructively. Further updates will be provided via our official website to ensure continued transparency.
We sincerely regret any disruption this situation may have caused and thank you for your continued patience and understanding.
