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Retail FX

Banxso Stopped Onboarding CFDs Traders under Its Cyprus Licence

The broker previously allowed registration only for Cyprus residents under its CySEC licence.
Its licence in South Africa was also cancelled, and it now faces a regulatory investigation.

Wednesday, 13/11/2024 | 10:00 GMT by Arnab Shome

Retail FX

Banxso Allegedly Misleads South African CFD Clients: Allows Trading with Suspended License

The local regulator reconfirmed that the broker's license remains suspended.
Recently, a court unfroze the broker’s bank accounts, allowing it to return clients' deposits.

Tuesday, 12/11/2024 | 11:14 GMT by Arnab Shome

Retail FX

South Africa's Regulator Withdraws Banxso's License Following Regulatory Scrutiny

Financial Intelligence Centre reportedly blocked seven of Banxso's bank accounts.
Banxso challenged the FIC's actions in court, but the judge upheld the restrictions.

Wednesday, 16/10/2024 | 15:41 GMT by Jared Kirui

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