Banx broker Quick reference
Banx broker is a German Forex broker with access to 100 stock markets
Banx broker is a German Forex broker, which is part of the international group Interactive Brokers. Banx broker is headquartered in Düsseldorf. No public access addresses. The age of the broker is unknown.
As for the license, it is not presented on the site, but it is indicated that client accounts are controlled by regulators, and the group, which includes the broker, is controlled by SEC, FINRA, NYSE and SFA.
The broker's site is simple and informative. The interface is only in German.
Trading instruments and types of accounts
Banx broker offers trading in stocks, bonds, ETFs, CFDs, futures, foreign exchange, precious metals, options. Shares can be traded from 3.90 euros. The broker opens access to 100 stock markets in Asia, Europe and North America. Customers can trade in the Netherlands, USA, UK, Germany, Australia, Japan, Austria and so on.
It offers users cash and margin deposits.
- Cash deposit is available from the age of 18 years. The minimum amount is 3,000 euros or the equivalent in another currency. A deposit can be opened by transferring securities in the amount starting from 3,000 euros. It does not provide for margin trading.
- МMargin deposit is available from the age of 21 years. The minimum amount is 3,000 euros or the equivalent in another currency. Trades on it may be held on a margin basis. Unlike cash deposit, there is an opportunity to sell short-term shares on the margin deposit.
Accounts can be opened in euros, dollars, Swiss francs, pounds sterling, and Japanese yen.
Muggle traders can test their strength on a demo account.
Webtrader is a web platform for those who do not want to install software on their computer or laptop. On the site you can download the platform for Windows, Mac and Linux.
MobileTrader is a mobile platform with a version for BlackBerry, Android and iOS.
- The broker does not have hidden commissions, the trading conditions are transparent.
- The commissions that traders will have to pay are quite affordable, and that ensures liquidity to the trading account.
- Customer's money is stored in separate accounts, which are constantly monitored by the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
- Deposit Guarantee of $ 500,000 - Banx broker offers high deposit insurance.
The broker is ready to communicate with customers by phone and email. There is also a feedback form.
The site repeatedly invites you to visit the official office in Dusseldorf, but the address is carefully hidden.
The Banx broker network is not very popular, most likely the company is young and is still gaining momentum.