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.
FAQs
Can’t find what you’re looking for? Our FAQs cover funding, trading basics (like copy trading), and withdrawals. Still have questions? Contact our support team!
If you forget your Banxso password, use the ‘Forgot Password’ function on the login screen to reset it. Additionally, you may email [email protected] to assist you with a temporary password reset.
In order to create a safe trading environment and to adhere to global AML regulations, every account must be verified. Look for an email with a link to the quick verification procedure.
To verify your account, you will be required to upload a valid copy of your government-issued ID, to complete the questionnaire and to perform a liveliness test. Foreign citizens will be required to provide a valid visa, work and/or study permit in addition.
To upload your identification documents, please directly submit same to the Banxso Verification Center (BVC). Follow the step-by-step guidelines provided within the BVC to ensure your verification process is completed efficiently and securely. We recommend doing this promptly to enable a smooth withdrawal process.
The minimum deposit required to start trading with Banxso is $250.
To withdraw funds, access the withdrawal section on your Banxso account and follow the provided instructions. For further information, please refer to the Withdrawal page.
Our aim is to process all withdrawal requests within 5 – 7 working days. For further information, please refer to the Withdrawal page.
To open a position with Banxso you will need a specific amount of money called a margin requirement that will be set aside when you execute the trade.
To start a trade, select ‘Buy’ or ‘Sell’ on our platform and confirm by clicking ‘Invest.’ Your trade will be initiated immediately.
In order to close a trade, click ‘Close’ on our trading platform. Your trade will be closed immediately.
Banxso is a zero-commission brokerage which means there is no commission on either opening or closing positions. However, Banxso can charge a fee for specific services such as the ‘spread’ on every opened position, the ‘swap’ for keeping a position open overnight, and the ‘rollover’ for the continuation of specific asset contracts.
In CFD trading, free margin is the capital not allocated in open trades, currently available to open new positions with and serve as a financial buffer against market volatility.
In CFD trading, a pip is the smallest amount by which an asset’s price can move. Its location is determined by the asset class traded. For example, in currency pairs, it’s typically the fourth digit after the decimal of the exchange rate whilst in stocks, it’s the second.
A lot is a standard measurement unit of trading size. One standard lot is represented as 1, whilst a mini lot is 0.1 and one micro lot is 0.01. The quantity of an asset in one lot varies. You can verify the lot value for each asset in its information tab on the platform.
Leverage in CFD trading allows you to control a larger position than your initial deposit would normally permit, increasing both potential profits and losses.
Technical analysis is based on past price movements and using various tools and indicators to establish patterns in order to attempt to predict future possible price movements. Fundamental analysis is based on various news, financial reports, or global trends that may affect the price of a specific instrument. For more information, you can watch our educational videos in the below:
Past performance is not necessarily a guarantee of future performance.
A margin call is an alert that your account is running low on free margin. Accordingly, you have the opportunity to consider taking action in order to protect your investments.
A stop out is an event that occurs when the margin level of the account reaches 30%. In order to release more free margin, the platform will automatically close open positions starting with the one on the largest loss.
The spread is the difference between the buy price and the sell price of an asset and is a fee that you pay for placing a trade on the market.
A limit order allows you to specify the maximum or minimum price at which you are willing to buy or sell an asset.
A stop-loss order triggers automatically at a predetermined price level set upon opening the trade in order to prevent further losses.
A take-profit order triggers automatically at a predetermined price level set upon opening the trade in order to collect current profits from an open position.
Copy trading, also known as social trading (Cooma), is a simplified method of trading where you copy the activity of a trader whose performance is what you would like to replicate within your account. Simply select the trading profile you want to copy and set it up to copy trades. Every action taken by the copied trading profile will be executed on your account. For further information, please visit the Social Account page.
Take note: The bid price will almost always be lower than the ask price.
This represents the equity of the account and can be expressed as
Forex trading entails the simultaneous buying and selling of currencies, aiming to potentially profit from exchange rate fluctuations. It operates 24/5 and is the largest financial market globally.
Visit our website, create an account, verify your identity, deposit funds, select your currency pair, and begin trading.
Whilst basic financial market knowledge is useful, it is not necessarily required. Banxso provides resources to assist you in understanding the basics of forex trading. For more information regarding forex trading, watch our Why Forex educational video.
A minimal initial investment is sufficient to begin forex trading, but it’s important to be aware of the associated risks.
Risk management has three main pillars:
For more information, watch our educational video on Risk Management.
Forex markets are open for trading 24 hours a day, five days a week.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of forex trading. To learn more about risk management, watch our educational video on Risk Management.
Stock trading is the opportunity to speculate with a specific stock’s price without owning it.
Visit our website, create an account, verify your identity, deposit funds, select your stock, and begin trading.
The Banxso platform provides access to a variety of stocks from around the world including Asian, UK and US markets. To learn more about trading stocks with Banxso, watch our educational video Why Stocks.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of stock trading. To learn more about risk management, watch our educational video on Risk Management.
Stock trading hours align with the operating hours of the respective stock markets.
Start by registering on Banxso, verifying your account, depositing funds, choosing an index, and initiating your trade.
You can trade a vast variety of global indices, including the S&P 500, the Dow Jones Industrial Average, as well as the Nasdaq-100 with Banxso.
Margin requirements vary depending on the index and market conditions.
Popular strategies for trading indices include trend following, mean reversion, and trading based on economic news.
Banxso provides various analytical tools, including technical indicators and market news for indices trading.
Indices trading times depend on the specific index and contract terms.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of index trading. To learn more about risk management, watch our educational video on Risk Management.
Commodities are raw products used in production that can be divided into metals, energies and agricultural products. To learn more about commodity trading with Banxso, watch our educational video on Why Commodities.
Start trading by registering on Banxso, verifying your account, depositing funds, choosing a commodity, and initiating your trade.
Trade a wide range of commodities, from metals and energy to agricultural products with Banxso.
Commodities trading hours typically operate from Monday to Friday.
In order to check the leverage provided for each commodity, verify its information tab on the Banxso platform.
Access comprehensive market data, charting tools, and indicators for informed commodities trading.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of commodity trading. To learn more about risk management, watch our educational video on Risk Management.
Cryptocurrencies are digital assets based on a blockchain technology. They are deemed the latest asset class within the market. For more information, please watch our educational video Why Crypto.
Start trading by registering on Banxso, verifying your account, depositing funds, choosing a cryptocurrency, and initiating your trade.
Cryptocurrencies are the only asset available to trade with 24/7 on the Banxso platform.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of cryptocurrency trading. To learn more about risk management, watch our educational video on Risk Management.
Exchange-Traded Funds or ETFs are bundles of assets from different classes which are designed to provide exposure to specific sectors of the economy in a cost-effective way. To learn more about ETFs, watch our educational video on ETFs in CFDs.
Visit our website, create an account, verify your identity, deposit funds, select your ETF, and begin trading.
Exchange-Traded Funds (ETFs) can be traded during the corresponding opening hours of the exchange they are listed on.
Banxso prioritizes the security of your trading experience, although it’s important to recognize the inherent risks of ETF trading. To learn more about risk management, watch our educational video on Risk Management.
AutoBanxso is available at no additional cost, offering an automated trading solution. Auto trading is only available on MetaTrader5 (MT5) and not the Banxso platform.
Automated trading may be suitable for investors seeking a hands-off approach to investing depending on your risk appetite and what you would want to achieve through trading with automated functions or independently.
Yes, you can use your regular Banxso account together with your AutoBanxso account. The two accounts are not associated or connected in any way.
AutoBanxso operates on a cloud system, so your device does not need to be continuously online. Auto trading is completely separate from the Banxso platform and operates on a cloud system.
You can reach Banxso via live chat, the pink chat icon on the bottom left corner of your screen, via email at [email protected], and via telephone. Visit our support page to contact us.
Our Customer Support team is ready to assist Monday to Friday via telephone, via email at [email protected], or via live chat for any inquiries.
Banxso provides traders with a set of research and analytical tools. This includes access to up-to- the-minute market data, advanced charting tools, and key technical analysis indicators. For further information, please refer to Banxso Academy.