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.
Press
Whether you need a quote on financial markets or insight into the Banxso Group’s business areas, our experts and executive spokespeople are ready at all times for media comments.
For any media-related inquiries, please reach out to us at [email protected].
Banxso’s team commitment to excellence and integrity has earned us recognition in the industry. Our reputation for professionalism and innovation in trading is celebrated widely.
We at Banxso strive to provide an exceptional trading experience in a regulated and secure environment. Our focus on transparency, ethical practices, and customer satisfaction has set us apart in the financial industry.
Starting from local beginnings in Africa, we have expanded globally, bringing financial trading to communities previously excluded from international markets.
Banxso’s mission is to educate and empower investors worldwide, offering the tools and knowledge needed to invest smartly.
Through strategic partnerships and a relentless focus on education, we strive to uplift individuals and make a meaningful impact on their communities. Our achievements in revolutionizing access to markets have been recognized with numerous accolades, and we continue to innovate and lead in the trading industry.
Banxso (“the Company”) has become aware of the recent adverse media coverage related to the Company in relation to the Financial Sector Conduct Authority’s (“FSCA”) decision to provisionally withdraw its financial services provider (FSP) license, together with actioning a suspension of the company’s bank accounts.
We are currently engaging with all relevant stakeholders, together with the FSCA, to gather all of necessary facts and moreover, understand the full scope of the situation at hand. While this matter is under investigation, it is essential to clarify that the company remains committed to transparency and regulatory compliance across all of its operations. In its media release, the FSCA emphasised that the investigation is not complete and that it has made no findings to date. The FSCA also records that Banxso is co-operating fully with the investigation.
Moreover, the company’s primary focus remains resolute on protecting clients’ interests at all costs and, as such, it will do everything in its power to ensure business continuity as far as possible, within the confines of the FSCA’s regulatory processes. Accordingly, the company will monitor developments closely, and ensure that all stakeholders are kept abreast thereof.
We emphasise that the regulatory steps taken against Banxso at this stage are only provisional, pending the outcome of further investigations by the FSCA. The company is committed to ventilating all of the relevant facts that may assist the FSCA in finalising its investigations with a positive outcome towards the company and its clients.
The company vehemently denies all allegations of financial misappropriation and/or the maladministration of client accounts, as well as any and all allegations in respect of “deepfake advertisements” and any impropriety related thereto. The company maintains that this is a misstatement of fact, which will be fully ventilated in the appropriate forums, as more details are made available to us.
Once we have a clearer understanding of the provisional findings, together with the implications thereof, we will provide further updates.
For any enquiries or additional information, please contact: [email protected]
We appreciate your patience and understanding as we work through this matter.
