Banxso Journal

Journal status: live
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Banxso Profile
Website
Year
2021
Country
Mauritius
Branches
1
Regulation
FSC Mauritius
Registration
FSC Mauritius
Investor protection
Fund protection
no
Publicly traded
no
Restricted in
Not serving
...
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
...
LPs quality
...
LPs names
...

Banxso Accounts
STP
Minimum Deposit
300 $
Leverage
200 : 1
Minimum Lot
0.05 lots
EURUSD spread
1.6 pips
Commission
0 $/lotRT
Volume
...
Margin Call
100 %
Stop Out
30 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Bitcoin
Base currency
USD
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 3 months
Update broker

Is Banxso safe?

  • Investor protection: no
  • Regulation: FSC Mauritius
  • Registration: FSC Mauritius
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: no

Is Banxso trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • Banxso website: uninformative, updated ★★
  • Banxso popularity (by visitor count): low visits ★★

How Banxso works



14.3. EXECUTION VENUES
Execution venues are the entities to which the orders are placed, or to which the Company transmits orders for execution. The execution venue to all clients’ orders is a third-party liquidity provider. The Client deposits funds with the Company and places an order via a trading platform, which is managed by the Company and the Company is responsible for safeguarding of the clients’ funds. Upon receipt of the order, the Company opens an identical order on the name of the client with the market maker, per order received, or accumulatively. In this respect, the Company executes the client order by acting as a broker (STP broker).

By accessing the Platform, you agree not to use the platforms in an abusive way by lag trading and/or usage of server latency, price manipulation, and similar practices which fall under the definition of market abuse. Such practices may include, but not limited to the following:
h) Engage in unusual transactions such as scalping and/or enter into positions for an arbitrarily short period of time and/or exhibit trading patterns involving what the Company considers to be sudden and significant changes in trading volume;

The Banxso brand is an online trading platform providing a premier trading experience. Please be advised that ALL trades on Banxso are executed through a third-party liquidity provider, which serves as the sole execution venue for client orders.



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