In 2021, a group of young financial entrepreneurs purchased legacy firm Zenfin Financials, promising to bring a fresh and innovative take on trading to South Africa, and renamed the company Banxso. It was a sign that the old guard in the online trading world was dwindling in South Africa, and a new type of tech savvy trading was on the horizon.
A year later, armed with the slogan “not your grandfather’s bank”, Banxso prides itself on doing things differently and catering to traders of all experience levels. With this new South African financial powerhouse, you have the ability to trade thousands of different assets in whatever sector you want.
Banxso offers its own proprietary platforms, with a MetaTrader suite available as well. Other highlights of this broker include its 24 hour live customer service and free platform integrated memberships to TipRanks, Trading Central, and Cooma Social Trader. There really is a lot to love about Banxso.