WARNING TO BANXSO USERS:

WARNING TO BANXSO USERS:

I feel compelled to warn others about the ********* practices and disregard for clients' financial well-being that I have encountered.

Grievance Summary: My grievances with Banxso are extensive, centering around the mismanagement of my trading account by their "success manager," Mr. Kaplowitz. Despite the outlined duties for success managers, which include constructive trading strategies, live sessions, market analysis, and risk management, Mr. Kaplowitz's advice has consistently fallen short of these standards.

Shocking Conduct: Mr. Kaplowitz went to the extent of applying immense pressure on me, making up to three calls a day, urging me to deposit additional funds without regard for my financial situation or investment objectives. To make matters worse, he was fully aware that these funds were my life savings, a rental emergency fund, and money left to me by my late brother.

The misleading claims about earning more interest compared to traditional bank accounts only added to the deception. Despite my explicit admission of being a complete novice in trading, my concerns about overexposure and the lack of educational guidance were consistently dismissed.

********* Advice: Mr. Kaplowitz is not legally obliged to advise but to educate clients. However, advising a client to be patient is advice and suggests holding a trade which is *******/********* as it only benefits Banxso with the exorbitant floating SWAP fees.

Misleading Information during Onboarding: The information provided during the onboarding process was misleading, promising an 8.7% interest rate as a key advantage. However, I later discovered that the associated SWAP fees on highly risky assets outweigh any potential gains, and these fees change randomly without proper explanation. Mr. Kaplowitz’s advice was not in good faith but merely to extract as much liquid capital from my pockets as possible.

Urgent Warning: I have taken formal action by reporting Banxso to the Financial Sector Conduct Authority (FSCA) and the FAIS Ombudsman. My aim is to prevent further financial harm to unsuspecting individuals who may fall victim to Banxso's ********* practices.

Desired Outcome: I am seeking a refund of my invested capital, citing the misleading information and failure to adhere to proper risk management practices. I also urge others who have faced similar issues to come forward and share their experiences.

Conclusion: I implore readers to exercise extreme caution when considering Banxso Ltd for their financial endeavors. My hope is that this review serves as a warning and encourages the FSCA to investigate Banxso thoroughly, holding them accountable for their unjust practices.