Banxso Affirms the Launch in South Africa, Fully Regulated by FSCA

Banxso.com announced the launch of a new South African exchange. The exchange is scheduled to launch on 1 April 2022. Additionally, Banxso is planning to operate in 3 more countries by the end of the year. All exchanges are expected to be fully regulated.

• Banxso in South Africa to be regulated by FSCA.
• Banxso in EU countries to be regulated by CySec CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term.
• Banxso in UAE to be regulated by DFSA.
• Banxso in the UK to be regulated by FCA.

"Our ultimate aim is to make investing as fun as it can be profitable without eating into profits by taking commissions at every step and disappearing when they need support. As our slogan says, we're not your grandfather's bank. We're here to help our investors build a secure future with a secure account that covers all their investment needs."

Banxso Trading Platforms

Banxso offers trading in forex (including forex options), stocks, indices, commodities and cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. Traders may choose several trading platforms to begin trading the markets including Banxso X, MT4, MT5 and a mobile app platform.

In addition, the Banxso group obtained licenses in Seychelles, Mauritius and Saint Vincent & Grenadines.

Many brokers in recent years have targeted South Africa. It has been estimated that South Africa has over 150,000 traders with an average deposit of $740 (approx.).

There are over 40 forex brokers operating in South Africa at the time of writing.

The number of traders that use their mobiles for trading has been on a steady rise since since 2019. A sharp increase was seen in 2020 and 2021. Due to covid-19, many retail traders used their smartphones for trading, which contributed to the spike in mobile trading usage.

For mobile stocks trading, eToro is far head of its competitors in Europe. In the United States, Robinhood still holds a large share of the mobile trading market.