Banxso Review
143
Review
Fast Facts
Account types
| Intro | Plus | Advanced | Premium | |
|---|---|---|---|---|
| Minimum Deposit | 250 USD | 10'000 USD | 25'000 USD | 100'000 USD |
| Maximum Leverage | 1:200 | 1:400 | 1:600 | |
| Spread from (pips) | ||||
| Commission per lot (USD) | ||||
| Minimum Trade Size | 1 | |||
| Step | ||||
| Execution Type | ||||
| Trading Instruments | ETFs, Crypto, Indices, Commodities, Forex | |||
| Margin Call | ||||
| Stop out | ||||
| Swap Free | ||||
| Currency | ||||
Deposits / Withdrawals
- Deposit Methods: UnionPay, Bank Wire Transfer, Alipay, AstroPay
- Withdrawal Methods: UnionPay, Credit/Debit Cards
Contact Info and Support
117 On Strand De Waterkant, Capetown 8001, South Africa
Traffic information
| Category | Metrics | Meaning |
|---|---|---|
| Ratings | Global Rank | 5489761 |
| Country Code | US | |
| Country Rank | 3648235 | |
| Category Rank | 16913 | |
| Engagement metrics | Visits | 3369 |
| Bounce Rate | 0.4229 | |
| Pageviews per Visit | 1.37 | |
| Avg. Visit Duration | 9.58 | |
| Estimated monthly visits | October 2025 | 2618 |
| November 2025 | 1831 | |
| December 2025 | 3369 | |
| Top countries | South Africa (ZA) | 50.18% |
| United States (US) | 31.36% | |
| Bulgaria (BG) | 12.66% | |
| United Kingdom (GB) | 5.81% | |
| Traffic sources | Search | 49.88% |
| Direct | 32.92% | |
| Referrals | 10.29% | |
| Social | 4.92% | |
| Paid Referrals | 1.26% | |
| 0.23% | ||
| Top keywords | banxso | 1540 ◦ $0.7 ◦ $870 |
| bankso company south africa | 270 ◦ $10 | |
| banxo | 21330 ◦ $0.22 ◦ $0 | |
| trading platforms in south africa | 540 ◦ $4.38 ◦ $0 | |
| as trading south africa | 310 ◦ $0 |
About Banxso
Banxso Ltd held a Cyprus Investment Firm (CIF) licence, number 413/22, issued by CySEC in October 2022, but ceased onboarding retail clients under that licence in April 2024, after which its Cyprus unit was sold to Nova Securities Limited (). The broker offered MT5 accounts across four tiers—Intro (minimum deposit $250, maximum leverage 1:200), Plus (min. $10,000, 1:400), Advanced (min. $25,000, 1:400) and Premium (min. $100,000, 1:600)—covering instruments such as ETFs, cryptocurrencies, indices, commodities, and forex; hedging, scalping, expert advisors and swap‑free options were not provided ().
In South Africa, Banxso’s Financial Services Provider (FSP37699) licence was provisionally suspended in October 2024, following concerns over aggressive sales tactics, deepfake‑style advertisements, failure to conduct risk analysis, and misleading clients; its bank accounts were frozen, and although unfrozen by court order, transfers were restricted to authorised entities only (). The FSCA subsequently revoked the licence, citing misappropriation of client funds, misleading clients and failure to meet fit‑and‑proper standards ().
Who it’s for
- Not suitable for retail traders or investors seeking regulated brokerage services.
- Platform and account types were structured for high‑net‑worth clients (min. deposits from $250 to $100,000) with varying leverage options.
- Not appropriate for users requiring strategy flexibility (no hedging, scalping, EAs, or swap‑free accounts).
- Inactive and non‑operational under its CySEC entity, with a revoked South African licence and unresolved regulatory status.
Pros
- Wide instrument classes historically offered (ETFs, cryptos, indices, commodities, forex).
- High maximum leverage up to 1:600 on the Premium account tier.
Cons
- CySEC licence inactive since April 2024; Cyprus entity sold to Nova Securities.
- South African licence revoked by FSCA amid findings of client harm and regulatory breaches.
- No support for EAs, hedging, scalping or Islamic/swap‑free accounts.
- Operational shortcomings and regulatory sanctions present significant risks for prospective clients.
