?Inspection Reason
South Africa is an emerging market economy that implements a free floating exchange rate system, and exchange rate is susceptible to fluctuations due to external factors. The South African #foreignexchangemarket was under strict control in the early stage of its establishment. However, with the gradual relaxation of foreign exchange control, the participants in the real economy can utilize foreign exchange characterized by high flexibility in a larger scope, and the linkage between domestic and foreign financial markets has become closer.
Forex traders in South Africa are among the wealthiest people on the continent, and their rich lifestyle influences aspiring traders. Many people in the country are fascinated by the stories of successful people, which makes forex trading even more popular. In order to help investors or practitioners have a more comprehensive understanding of foreign exchange brokers in South Africa, WikiFX survey team is going to the country for on-site visits to local companies.

?Office
In this issue, the survey team went to South Africa to visit the foreign exchange broker #Banxso as planned according to its regulatory address that 2nd Floor, 117 on Strand, De Waterkant, Cape Town.

?Disclaimer
The content is for informational purpose only, and shall not be taken as a final order for making a choice.
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