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Banxso Broker Review 2025

Banxso Broker Review 2025
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Your Capital is at risk.
Company:Banxso
Founded:2021
Min Deposit:$100
Max Leverage:200
Headquarter:

Cape Town, South Africa

US Accepted:
Mobile Trading TipRanks Trading Central Signals Auto Trading Cooma Social

Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Your Capital is at risk.

About
Banxso is a South African brokerage company regulated by FSCA. It offers free access to Trading Central signals and TipRanks. Social trading is available through the Cooma Social platform. The broker provides an 8.7% annual interest rate on account balances.
Contact
117 Strand Street, Cape Town, 8001, South Africa
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
Commission-free trading
A wide selection of over 16,000 tradable assets
Free demo account
Comprehensive educational resources
Cons
High minimum deposit requirements (from $100)
No tier-1 regulatory licensing
Lack of transparency regarding the managing team
score of blog
5 From 5.0
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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
Banxso is an award-wining broker and official sponsor of the South African National Football Team

The broker is licensed and regulated by the South Africa Financial Sector Conduct Authority (FSCA) with license No. 37699. Key features of Banxso:

  • Registration number: 2021/119980/07
  • Zero-commission trading
  • Over 16,000 assets
  • Previously known as Zenfin Financials

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:

Broker

Banxso

Account Types

Classic (Intro, Basic, Plus, Extra), Platinum (Advanced, Premium, Exclusive), VIP

Regulating Authorities

FSCA

Based Currencies

USD, ZAR

Minimum Deposit

$100

Deposit Methods

Debit/Credit Card, Bitcoin, Bank Wire, EFTPAY, AstroPay

Withdrawal Methods

Debit/Credit Card, Bitcoin, Bank Wire, EFTPAY, AstroPay

Minimum Order

0.01 lots

Maximum Leverage

1:200

Investment Options

Real Shares, BanxsoAuto

Trading Platforms & Apps

MT5, Banxso X

Markets

Forex, Indices, Commodities, Stocks

Spread

Variable based on the account type

Commission

$0

Orders Execution

Market

Margin Call / Stop Out

N/A / 30%

Trading Features

Mobile Trading, Auto Trading, Trading Central Signals, Cooma Social, TipRanks

Affiliate Program

Yes

Bonus & Promotions

Deposit Bonus, Protected Trades, Interest Rate

Islamic Account

N/A

PAMM Account

No

Customer Support Ways

Email, LiveChat, Call Center, WhatsApp

Customer Support Hours

 From 8:00 am to 7:00 pm, Monday to Friday

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

Features

Intro

Basic

Plus

Extra

Min Deposit

$100

$1,000

$2,500

$5,000

Max Leverage

1:200

1:200

1:200

1:200

Min Lot Size

0.01

0.05

0.05

0.05

Protected Trades

No

3

No

5

Spreads from (pips)

N/A

N/A

1.6

1.6

Banxso Platinum Accounts

Features

Advanced

Premium

Exclusive

Min Deposit

$10,000

$25,000

$100,000

Max Leverage

1:200

1:200

1:200

Min Lot Size

0.05

0.5

0.5

Protected Trades

No

10

10

Spreads from (pips)

1.2

1.2

1.0

Banxso VIP Account

Min Deposit

$250,000

Max Leverage

1:200

Min Lot Size

1.0

Protected Trades

N/A

Spreads from (pips)

0.8

Registration and Verification

Opening an account with Banxso involves a thorough verification process to ensure compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.

  1. Visit the broker’s official website;
  2. Click “Get Started”;
  3. Fill out the registration form;
  4. Complete questionnaire and financial details;
  5. Provide a national ID card and proof of residency (utility bill or bank statement);
  6. Complete the liveness check.

Banxso Broker Platforms

The company has developed a proprietary trading platform, Banxso X, and offers the MetaTrader 5 platform.

TradingFinder has developed a wide range of MT5 indicators that you can use for free.

Fees and Commissions

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

Account Type

Spreads from (pips)

Classic Intro

N/A

Classic Basic

N/A

Classic Plus

1.6

Classic Extra

1.6

Platinum Advanced

1.2

Platinum Premium

1.2

Platinum Exclusive

1.0

VIP

0.8

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
AutoBanxso Trading Bot
The AutoBanxso feature is free of charge and comes in a separate trading account

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

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 Trustpilot
Banxso has replied to 89% of negative reviews on Trustpilot with a reply time of less than 24 hours

onclusion and Final Words

Banxso provides four asset classes, including Forex and Stocks, with leverage options of up to 1:200 for 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.

FAQs

Is Banxso a regulated broker?

Banxso is regulated by the South Africa Financial Sector Conduct Authority (FSCA) with license No. 37699.

What is the minimum deposit required to start trading with Banxso?

While the minimum deposit starts from $100 for the Classic Intro account, the minimum required amount for deposit methods is $250.

Can I use MetaTrader 5?

Yes, Banxso supports MetaTrader 5 alongside its proprietary Banxso X platform.

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