Say hello to promising returns with the chance to earn 8.7% interest on your investment equities – a first for the South African trading industry. confirms that their online traders can now earn interest on their equity investments of up to 8.7% per year. The company ensures that this interest is paid out in weekly arrears and offers clients the chance to improve their overall trading success as well as grow their accounts.
This new interest on equity feature will allow Banxso clients to earn interest while they are actively trading. The brand believes this will have a positive impact on the 30-40% success rate of their traders. While the brand started out aiming their business to a younger, tech-savvy trader market – Banxso has expanded their reach to a much broader demographic who are drawn in by the ability to trade using a range of platforms.The state-of-the-art MetaTrader 4 and 5 platforms,As well as educational and risk management tools to help their clients achieve their investment goals securely.
Andrade highlights the significance of this licensing and why they value having the credibility it offers, “Not everyone operating in this space is licensed, nor do they have a physical presence in SA. In some cases, they have little more than some trading software and a call centre. Our headquarters are in Cape Town, and we like our clients to come and visit us and see how we operate and to get to know them personally.