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Banxso Forex Broker keeps up-to-date with the latest trading account information, including VIP, Exclusive, Premium, Advanced, Extra, Plus, Basic, Intro maximum leverage of 1:200, trading varieties, and more

Rating Index

Pros

Zero-commission trading, allowing traders to maximize profits without extra costs.
Wide range of tradable instruments, including forex, stocks, cryptocurrencies, and commodities, providing ample diversification opportunities.
Strong regulatory oversight from multiple authorities, ensuring a secure trading environment for clients.

Cons

Limited to South African clients, restricting access for international traders.
No 24/7 customer support, which may not accommodate all traders' needs.
High volume requirements for bonuses, making it challenging for some traders to access promotional funds.

Banxso broker Accounts

VIP

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$250,000
Minimum Spread
from 0.8
Depositing Method
--
Withdrawal Method
--
Minimum position
1
Commission
--
Products
--

Exclusive

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$100,000
Minimum Spread
from 1
Depositing Method
--
Withdrawal Method
--
Minimum position
0.5
Commission
--
Products
--

Premium

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$25,000
Minimum Spread
from 1.2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.5
Commission
--
Products
--

Advanced

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$10,000
Minimum Spread
from 1.2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.05
Commission
--
Products
--

Extra

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$5000
Minimum Spread
from 1.6
Depositing Method
--
Withdrawal Method
--
Minimum position
0.05
Commission
--
Products
--

Plus

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$2500
Minimum Spread
from 1.6
Depositing Method
--
Withdrawal Method
--
Minimum position
0.05
Commission
--
Products
--

Basic

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$1000
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.05
Commission
--
Products
--

Intro

Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$300
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
0.05
Commission
--
Products
--

Banxso Account Type

Banxso offers a variety of account types tailored to meet the needs of different traders. Here are the available account types:

  • Intro Account
    • Minimum Deposit: $300
    • Cashback: Normal
    • Max Leverage: 1:200
    • Min Lot Size: 0.05
    • Min Step Size: 0.05
    • Benefits: Success manager, social trading, educational videos, welcome bonus, refer a friend bonus, signals newsletter, access to Trading Central, access to TipRanks.
    • Basic Account
      • Minimum Deposit: $1,000
      • Cashback: Normal
      • Max Leverage: 1:200
      • Min Lot Size: 0.05
      • Min Step Size: 0.05
      • Benefits: All benefits of the Intro Account, plus access to the Trading Academy and 3 protected trades with $25 credit.
      • Plus Account
        • Minimum Deposit: $2,500
        • Cashback: Normal
        • Max Leverage: 1:200
        • Spreads From: 1.6 pips
        • Min Lot Size: 0.05
        • Min Step Size: 0.05
        • Benefits: All benefits of the Basic Account, plus improved trading conditions.
        • Extra Account
          • Minimum Deposit: $5,000
          • Cashback: Normal
          • Max Leverage: 1:200
          • Spreads From: 1.6 pips
          • Min Lot Size: 0.05
          • Min Step Size: 0.05
          • Benefits: All benefits of the Plus Account, plus 5 protected trades with $50 credit.
          • Advanced Account
            • Minimum Deposit: $10,000
            • Cashback: 2x
            • Max Leverage: 1:200
            • Spreads From: 1.2 pips
            • Min Lot Size: 0.05
            • Min Step Size: 0.05
            • Benefits: All benefits of the Extra Account, plus trading psychology and basic analysis.
            • Premium Account
              • Minimum Deposit: $25,000
              • Cashback: 3x
              • Max Leverage: 1:200
              • Spreads From: 1.2 pips
              • Min Lot Size: 0.5
              • Min Step Size: 0.5
              • Benefits: All benefits of the Advanced Account, plus invitations to company events and a long-term financial plan.
              • Exclusive Account
                • Minimum Deposit: $100,000
                • Cashback: 4x
                • Max Leverage: 1:200
                • Spreads From: 1.0 pips
                • Min Lot Size: 0.5
                • Min Step Size: 0.5
                • Benefits: All benefits of the Premium Account, plus advanced mentoring.
                • VIP Account
                  • Minimum Deposit: $250,000
                  • Cashback: 5x
                  • Max Leverage: 1:200
                  • Spreads From: 0.8 pips
                  • Min Lot Size: 1
                  • Min Step Size: 1
                  • Benefits: All benefits of the Exclusive Account.

                  Banxso Broker Account Opening Process

                  To open an account with Banxso, follow these steps:

                  • Register: Click “register” on the Banxso homepage.
                  • Fill in Details: Provide your name, email address, phone number, and desired password. Follow the on-screen instructions and finalize the application.
                  • Verification: Account verification is mandatory. You will need to submit a copy of a government-issued ID and proof of residency. Additional documents may be requested on a case-by-case basis.

                    • For more details, you can visit Banxso's Official Site.

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Banxso Account