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Authority acts against online trading platforms – Moonstone Information Refinery

Summary by Moonstone
The Financial Sector Conduct Authority has made the provisional withdrawal of the FSP licence of online trading platform Banxso (Pty) Ltd final. The Authority has also provisionally withdrawn the licence of another South African trading platform, Afrimarkets Capital (Pty) Limited. The provisional withdrawal means Afrimarkets may not conduct financial services business or receive any additional funds from its clients. “Afrimarkets and Banxso are …
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Moonstone broke the news in on Monday, July 7, 2025.
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