var

Clients

100+

Assets

250 USD

Min Deposit

0.6 pips

Avg Spread

Banxso

2.1/10

Since 2024

South Africa

Trust: 9.2/10

Visit

Contact Info

phone

+27104464170

Environment

N/A

Pending

WeConnect FX Trade Rating Guide

At **WeConnect FX**, we are committed to transparency. Below is an overview of our proprietary trade rating system, which assesses brokers based on platform reliability, user trust, financial transparency, and operational history to ensure your peace of mind.

Rating	Label	Meaning
AAA	Elite	Exceptional transparency and trust with long-term consistency.
AA	Excellent	Highly reliable with minor improvement areas.
A	Strong	Performs well overall but may lack deep market credibility.
B	Average	Meets basic expectations, moderate user concerns.
C	Weak	Lacks consistent performance or transparency.
D	High Risk	Significant red flags or repeated user complaints.

Our **WeConnect FX** rating model uses broker performance signals, licensing history, global presence, and client feedback. It's designed to assist *our users* in evaluating the safety and service quality of trading platforms effectively.

Social Media

Banxso

Licenses

2 licenses

weconnectFX

NO:100367

Financial Sector Conduct Authority

Financial Service Corporate

Regulatory Status

Revoked

Regulatory Jurisdiction

South Africa

Licensed Entity

Brands

Phone

License No

FSP 37699

Effective Date:

Attached Documents:

Sharing Status:

Exclusive

weconnectFX

NO:100368

Cyprus Securities and Exchange Commission

STP

Regulatory Status

Unverified

Regulatory Jurisdiction

Cyprus

Licensed Entity

Brands

Phone

License No

Effective Date:

Attached Documents:

Sharing Status:

Exclusive

Country Availability

1 location

Country

Rating

Authorization

Status

South Africa

2.1/10

Authorized

active

Payment Methods

About Banxso

General Information

Description

Banxso (PTY) Limited is a regional broker based in South Africa that operated with a White Label MT5 platform. The company is currently involved in legal proceedings regarding a provisional liquidation order and has had its main operating license revoked by the FSCA.

Headquarters South Africa

Registration 0

Business Model STP

Risk Assessment

Status

Risk Overrun Yes

High Risk Yes

Client Feedback

Total Reviews 5

Performance

Influence Score 349

Contribution 21.10%

Associated Entities

Registered business entities

No associated entities found for this broker.

IPs & Domains

https://banxso.com 35.***.233

Official

Account types

Choose the best fit for your trading style

Accounts Variant

Account Specification

Minimum Deposit

Leverage

Min Position

Stop Out Level

Supported EA

Hedging

Scalping

Negative Balance Protection

Islamic Account

Trading Conditions

Commission

Platforms

Instruments

Market Strategy

No market strategy data available

Reviews

Please sign in to share your experience

Anonymous User ★★★☆☆

Banxso is scamer broker ，is scamming more clients and his employee

Reviewed on Dec 09, 2025

Anonymous User ★★★★★

Trading with banxso and have a good experience so far

Reviewed on Dec 31, 2023

Anonymous User ★☆☆☆☆

Very Bad Experience, since I have join almost lost USD 400, after the current balance I will delete my account.

Reviewed on Aug 17, 2022

Anonymous User ★☆☆☆☆

I had a some money in my account that i had saved there more than a year there without trading and I don't know how was it possible but my account was managed by someone who i really don't know.

Reviewed on Aug 03, 2022

Anonymous User ★★★★☆

Not too bad, I can barely earn some living expenses.

Reviewed on Jul 12, 2022

Banxso

Contact Info

WeConnect FX Trade Rating Guide

Licenses

Financial Sector Conduct Authority

Cyprus Securities and Exchange Commission

Country Availability

Payment Methods

No Deposit Methods

No Withdraw Methods

About Banxso

Associated Entities

IPs & Domains

Account types

Choose the best fit for your trading style

Account Specification

Trading Conditions

Select an Account Type

No Account Types Available

Market Strategy

Reviews

🤖 WeConnectFX Bot