Banxso, South Africa's premier FX & CFD brokerage, proudly announces its significant achievements in the ongoing expansion across multiple regions, marking a transformative year for the company.
In a strategic move to broaden its global footprint, Banxso has successfully obtained licenses crucial for its international operations. The brokerage has been granted an EU investment business license by the Cyprus Securities and Exchange Commission (CySEC), allowing Banxso to provide an array of financial services within the EU and EEA. This authorization is in alignment with European passport rights, facilitating cross-border services.
Simultaneously, to fortify its presence in Africa, Banxso has secured an international brokerage license and a class "A" banking license from Comoros. This dual licensure positions Banxso as a key player in the financial landscape of Comoros and opens avenues for innovative financial services within the region.
Banxso's expansion initiatives are underlined by its commitment to reaching new heights in 2023. The company is actively engaged in collaboration with regulatory authorities to secure licenses from the Central Bank of Cabo Verde, Seychelles, Kenya (CMA), Zimbabwe (SEC), Mauritius (FSC), and Vanuatu (FSC). These efforts are pivotal to facilitating Banxso's accelerated growth and establishing a strong presence in the African market.
"This marks a significant milestone for Banxso as we forge ahead with our ambitious plans for 2023," said Manuel de Andrade, General Manager at Banxso. "Our expansion into new jurisdictions reflects our dedication to providing cutting-edge financial services and underscores our commitment to becoming a global leader in the industry."
Banxso, an award-winning, FSCA-licensed multi-asset brokerage firm, has evolved into South Africa's foremost broker by embracing innovation and customer-centric principles. The company's trading platform offers zero-fee trading, allowing users to trade major world currencies, buy and sell fractional shares on international exchanges, and speculate on commodities like gold, silver, and oil.
As part of its commitment to empowering users, Banxso's platform features advanced tools such as AI automatic decision tools and social trading capabilities, catering to both seasoned traders and those new to the financial markets.
With these recent accomplishments, Banxso anticipates 2024 to be a transformative year as it expands its reach, diversifies its offerings, and solidifies its position as a global financial services provider.
