Banxso (Pty) Ltd
Primary
ZA
Registration not shown
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1 entity
unverified
Broker profile
BA
Banxso Review: Is It Legit and Regulated?
Banxso (Pty) Ltd
ZA
Operating period unverified
AKA BanxsoX
FindMyFX score
critical risk0.6/10
0
Score out of 10
10
Independent assessment
Updated 2026-07-21
Contact & regulation
- Official website
- banxso.com
- Address
- Not verified
- Contact
- Not verified
- Primary license
- FSCA · Unverified
Missing values mean the information has not been verified or published yet—not that the broker does not provide it.
Quick verdict
Is Banxso legit and regulated?
FindMyFX has license records for Banxso, but none is currently presented as fully verified. Check each entity, jurisdiction, source, and verification date before depositing.
This is a source-limited research summary, not a safety guarantee or investment recommendation.
Broker-provided profile information is reviewed before publication. Paid profile features never affect FindMyFX scores, license verification, risk flags, reviews, complaints, or editorial decisions.
Broker-provided company information
Banxso is a South African trading brand associated with Banxso (Pty) Ltd. Its website presents the proprietary BanxsoX platform for forex, stocks, indices, cryptocurrencies, and commodities, while FSCA pages document regulatory action and administrative penalties.
Professional broker overview
FindMyFX editorial summary
Banxso's official site continues to present BanxsoX and multi-asset trading products. The FSCA website records regulatory action, a provisional licence withdrawal notice, and enforcement entries dated 12 November 2025, including administrative penalties involving Banxso (Pty) Ltd and key persons. The present licence and operating position should be confirmed directly with the regulator before publication.
Prepared from reviewed sources for informational purposes. This is not investment advice.
Editorial note: The public website remains accessible, but the reviewed FSCA material documents material regulatory actions; current client availability and licence status require staff verification.
- Operational status
- warning
- Broker type
- unknown
- Execution model
- Not verified
- Support hours
- Not verified
Documented advantages
- The official site documents a proprietary multi-asset platform and product categories.
Documented limitations
- FSCA enforcement records document substantial administrative penalties involving Banxso and key persons.
- FSCA's site lists a provisional withdrawal notice and later regulatory action, so the current licence position requires direct confirmation.
100%coverage
Published profile coverage
8 of 8 core information groups currently contain published data. This measures data availability, not broker quality or safety.
Company structure
Legal entities
Registered companies associated with this broker profile.
Markets and instruments
Commodities
unverified
Cryptocurrencies
unverified
Foreign exchange
unverified
Indices
unverified
Stocks
unverified
Research sources
Licenses and regulators
FSCA
No license number
Last verified: Not shown
Type: Financial Services Provider licence
Client class: Not shown
Compensation: Not shown
Segregated funds: Unknown
Negative balance protection: Unknown
Risk flags
Provisional licence withdrawal notice
high · draftThe FSCA press-release index lists a provisional withdrawal of Banxso (Pty) Ltd's FSP licence and subsequent regulatory action.
FSCA administrative penalties
critical · draftThe FSCA enforcement table records a R2 billion administrative penalty involving Banxso and key persons and a separate R16 million penalty for Banxso (Pty) Ltd, dated 12 November 2025.
Score components
Regulation and licenses
0.0/10 · 35%The reviewed FSCA material documents a provisional licence withdrawal and later regulatory action; current authorisation was not confirmed.
Security and track record
0.0/10 · 20%Material FSCA enforcement actions and penalties are documented.
Trading conditions
2.5/10 · 15%The official site documents products and BanxsoX, but current account terms and regulatory availability are uncertain.
Company transparency
2.5/10 · 10%The brand and platform are public, but current licence and operating details require regulator confirmation.
Service quality
0.0/10 · 10%Material regulatory action is documented and no verified service-quality evidence was found.
Verified user reviews
0.0/10 · 10%No inspectable source with verified user-review data was identified.
Profile update history
Broker profile was published.
2026-07-20
Related regulated broker profiles
These profiles share at least one recorded regulator. This is not a recommendation or equivalence claim.