Banxso Broker Review 2025

Banxso offers access to over 16,000 trading instruments with no commissions and spreads from 0.8 pips. The broker supports the MT5 and Banxso X platforms and offers free automated trading through the AutoBanxso EA.

Banxso; Broker Information and Regulation

Banxso PTY Ltd is a Straight Through Processing (STP) broker founded in 2021 in Africa.

Banxso operates under a multi-jurisdictional regulatory structure, holding licenses from:

• The Financial Sector Conduct Authority (FSCA) of South Africa
• The Cyprus Securities and Exchange Commission (CySEC)
• The Financial Services Commission (FSC)

It also aligns with MiFID compliance standards, although it does not currently hold regulation from Tier-1 authorities such as the FCA or ASIC.

To protect client assets, Banxso maintains strict AML/KYC protocols and ensures client funds are stored in segregated bank accounts, separate from the company’s operational capital. This segregation enhances fund security, protecting in the event of operational disruption.

Banxso Specific Features

The Forex broker is the official sponsor of MMA fighter Dricus du Plessis, the first South African champion. Here's a table summarizing some of Banxso's key offerings:

Banxso Broker Trading Accounts

The company offers eight trading accounts in three categories for individuals, as well as Joint, Corporate, and Demo accounts.

Banxso Classic Accounts

This account type is ideal for beginners seeking a straightforward entry into trading in financial markets.

Banxso Platinum Accounts

The Platinum account is designed to meet the needs of more experienced traders.

Banxso VIP Account

Traders who want the best trading conditions on Banxso must open a VIP account with this broker.

Pros and Cons

The upsides of this Banxso review include a wide range of tradable assets, Auto Banxso (an automated trading account), and a call center.

However, when considering Banxso as your trading platform, it's essential to weigh its advantages and disadvantages:

Registration and Verification

Creating a trading account with Banxso is designed to meet strict AML and KYC standards. The platform ensures identity verification and risk assessment before granting access to its trading environment, which includes multi-asset markets and regulated financial instruments.

#1 Visit the Official Website

Access the official website of the Banxso broker and click on the "Get Started" button to begin the account creation process.

#2 Fill out the Registration Form

Complete the account opening form with your details and answer questions about your financial status. 

#3 Upload POI and POA documents

Upload valid proof of identity (national ID card) and proof of address (utility bill or bank statement).

#4 Complete Liveness Check

Complete a liveness check to verify real-time user presence and match submitted documents.

Banxso Broker Platforms

Banxso supports two powerful trading platforms (the proprietary Banxso X and the industry-standard MetaTrader 5 (MT5). Both are available on desktop (Windows/Mac), web, and mobile (iOS/Android).

• Banxso X is designed for advanced users, offering full support for hedging, customizable watchlists, real-time alerts, complex order execution, and rich charting tools.
• MT5 enables multi-asset trading with support for algorithmic strategies, market depth, economic calendars, and dozens of order types.

Traders can execute positions with precision, whether on desktop or mobile, with both platforms supporting stop-loss, take-profit, and trailing stops. Notably, Banxso does not support MetaTrader 4 (MT4) or cTrader.

This flexibility allows both casual and professional traders to access modern features across any device.

Fees and Commissions

The broker offers zero-commission trading and competitive spreads from 0.8 pips, variable based on the account type.

Other Banxso fees:

• No account maintenance fees
• No inactivity fees
• No fees on deposits or withdrawals (except potential third-party banking charges)
• No currency conversion costs
• No charges for guaranteed stop-loss orders

Swap rates apply to overnight positions, as is standard across the industry. This transparent, low-friction structure makes Banxso appealing to both active traders and beginners.

Banxso Deposit and Withdrawal

The broker offers a variety of secure and convenient methods for depositing funds, including:

• Debit/Credit Cards
• Bitcoin
• Bank Wire Transfer
• EFTPAY
• AstroPay

In this Banxso review, we must mention that withdrawals are processed using the original deposit method up to the initial amount.

However, profits are only processed via Wire and EFT. Note that the minimum deposit for each method is $250.

Does Banxso Broker Offer Copy Trading or Investment Plans?

The company offers access to the Cooma Social platform, which is designed for copy trading. Traders can also use AutoBanxso, an automated trading bot and Expert Advisor (EA).

• Cooma Social: Copying trades of successful traders
• AutoBanxso: Trading bot compatible with MT5 platform

Tradable Assets

The company offers access to over 8000 trading instruments across five asset classes, including Stocks and the Forex market.

• Forex: 80 major, minor, and exotic currency pairs
• Stocks: US, Europe, Asia, and Australia shares
• Indices: Major stock market indices from around the world, including S&P 500, NASDAQ, Dow Jones, and FTSE 100
• Commodities: Energy, precious metals, and agricultural products

Banxso claims to provide access to the cryptocurrency market. However, the specific instruments are not disclosed on the official website.

Banxso Broker Promotional Offerings

The company offers deposit bonuses of up to 30%, an 8.7% interest rate on the account balance, and risk-free trades.

• 30% Deposit Bonus: Withdrawable upon reaching the required amount (Deposit + Bonus multiplied by 20,000)
• Interest Rate: 8.7% annual interest rate allocated to client accounts on a weekly basis
• Protected Trades: Up to 10 risk-free trades (availability differs based on the account type)

Customer Support

The broker offers support Monday to Friday from 8:00 am to 7:00 pm through various channels, including:

• Banxso WhatsApp
• Email: cs@banxso.com
• Phone: +27104464170
• LiveChat: Available on the official website

Prohibited Countries on Banxso

We must mention in this Banxso review that the broker doesn’t accept clients who are located, incorporated, or otherwise established in, or a citizens or residents of the following jurisdictions, including:

• Cambodia
• Canada
• Cuba
• Ghana
• Iran
• Israel
• Mongolia
• Nigeria
• North Korea
• Panama
• Pakistan
• Philippines
• Syria
• Yemen
• United States

Trust Scores

There are 383 comments on the Banxso Trustpilot profile, resulting in a great score of 4.1 out of 5. While 74% of the reviews are positive (4-star and 5-star), less than 17% are negative (1-star and 2-star).

Banxso Broker Educational Offerings

The company offers comprehensive educational materials through online courses, webinars, trading videos, and trading tools.

• Education Courses: Structured learning paths covering basic to advanced trading concepts
• Webinars: Live and recorded sessions with industry experts on various trading topics
• Trading Videos: Video tutorials on platform usage, trading strategies, and market analysis
• Trading Tools: Economic Calendar, Trading Central, and TipRanks

Banxso Compared to Other Forex Brokers

Here's a detailed comparison of Banxso and well-known Forex brokers.

Conclusion and Final Words

Banxso offers four asset classes, including Forex and Stocks, with leverage options of up to 1:200, requiring a minimum deposit of $100.

The broker accepts Bitcoin and AstroPay as payment methods. It has a great Trustpilot score of 4.1 out of 5.