Anyone who has delved into the world of online trading knows how easy it is to burn through an account.
Banxso was set up a year ago as a SA-based online trading brokerage, headquartered in Cape Town, and appealing to a broad cross-section of South Africans. One of its key differentiators is the appointment of success managers to guide clients into winning trading strategies, and to prevent them from taking needless risks.
“We are aware of the high failure rate of online traders, and we wanted to change that. The failure rate of our clients is 35-45%, depending how you measure it and over what period, and we are working daily to improve this ratio. We do that by sending out daily bulletins that keep our clients fully up to date on the latest developments in the market and the events that are likely to move the market.
“We don’t want people trading with their rent money. If we find out this is what they are doing, we talk them out of it.” Clients are able to trade using the state-of-the-art MetaTrader 4 and 5 platforms, as well as Banxso’s proprietary mobile app Banxso X.