Banxso, the leading FX & CFD brokerage in South Africa, is thrilled to announce significant strides in its global expansion efforts across various regions, marking a pivotal year of growth for the company.
In a strategic maneuver to widen its global presence, Banxso has successfully obtained crucial licenses essential for its international operations. Notably, the brokerage has been granted an EU investment business license by the Cyprus Securities and Exchange Commission (CySEC), enabling Banxso to offer a comprehensive range of financial services within the EU and EEA. This endorsement aligns seamlessly with European passport rights, streamlining cross-border services.
Concurrently, in a bid to strengthen its foothold in Africa, Banxso has secured an international brokerage license and a class “A” banking license from Comoros. This dual licensure establishes Banxso as a significant player in Comoros’ financial landscape and paves the way for innovative financial services across the region.
Banxso’s expansion endeavors are underscored by its unwavering commitment to reaching new heights in 2023. The company is actively collaborating with regulatory authorities to secure licenses from prominent entities such as the Central Bank of Cabo Verde, Seychelles, Kenya (CMA), Zimbabwe (SEC), Mauritius (FSC), and Vanuatu (FSC). These initiatives are crucial in propelling Banxso’s accelerated growth and cementing a robust presence in the African market.
“This marks a momentous milestone for Banxso as we press forward with our ambitious plans for 2023,” stated Manuel de Andrade, General Manager at Banxso. “Our expansion into new jurisdictions underscores our dedication to offering cutting-edge financial services and reaffirms our commitment to emerging as a global leader in the industry.”
Banxso, an award-winning multi-asset brokerage firm licensed by FSCA, has emerged as South Africa’s premier broker by embracing innovation and prioritizing customer-centric values. The company’s trading platform boasts zero-fee trading, empowering users to trade major world currencies, engage in fractional share trading on international exchanges, and speculate on commodities like gold, silver, and oil.
In line with its commitment to empowering users, Banxso’s platform incorporates advanced features such as AI-based decision tools and social trading capabilities, catering to both seasoned traders and newcomers to the financial markets.
With these recent milestones, Banxso anticipates 2024 to be a transformative year as it expands its global footprint, diversifies its offerings, and solidifies its stature as a prominent global financial services provider.