BANX experiences and test 2023

But what does the BANX rating look like after the BANX test? It should be noted that BANX experiences are also taken into account for the BANX test, which can be found on the Internet, among other places.

All those who have had positive BANX experiences will be rewarded when they recommend the broker to others. If the referred friend opens a custody account with BANX, both sides can look forward to a Maple Leaf silver coin (1 ounce). However, the premium is only handed over after the custody account has been opened, capitalized and five transactions have been made. However, it should be noted that there is a time limit: The first five transactions must be made in the first six months – after the deadline there is no longer a premium.

It may only be a minor role for the BANX rating, but the user-friendliness of the homepage or platform should not be completely disregarded. What do the BANX experiences look like when it comes to the platform or the structure of the homepage? Is everything easy to understand or are there difficulties in finding the right features?

The BANX test has shown that the homepage is well structured. You can find the desired assets, the available actions and the BANX demo account relatively quickly, or there are no great difficulties to overcome in the private sector. The BANX test shows that a clear platform has been created here, with which even an inexperienced trader will be able to cope.

In order to participate in trading, you need a deposit. The registration, which is also proven by the BANX testimonials to be found on the Internet, may not be a big challenge – here you just have to follow the instructions of the broker, after a few moments you have opened the account or have your own depot. BANX provides several depot variants. That’s how it works

• Individual custody account
• Joint custody account
• Company custody account

BANX offers several advantages when opening a custody account. For example, there is personal support, flexible trading options (for example, BANX provides securities from 3.90 euros) and access to over 150 stock exchanges.

The company custody account offered by BANX can be used free of charge; the BANX fees are also very cheap in this case.

In addition, there are the following categorizations:

• Cash Depot
• Margin Depot
• Portfolio Margin Depot

Traders can use the cash deposit from the age of 18; the Portfolio Margin Depot is only available from the age of 21.

The BANX test has shown that several platforms are made available here. At this point, it should be mentioned that it is quite clear that BANX wants to appeal to experienced as well as ambitious traders. The following trading platforms are available:

• Trader WorkStation (TWS)
• Mobile Trader
• Client Portal
• Agena Trader

Now the question is, which trading platform could be used to make the best BANX experiences? If you search the Internet for corresponding BANX testimonials on the trading platforms, you will notice relatively quickly that there is no clear statement here.

This is because each individual platform has its advantages and disadvantages or you should answer the question in advance as to which strategy you are pursuing. Each platform provides its own specific trading offer. For example, Trader WorkStation allows you to trade securities, bonds, ETFs or options on more than 150 markets. Agena Trader, on the other hand, is a very professional exchange software. The BANX test shows that this platform will primarily inspire ambitious traders. This is also proven by the BANX experience.

Once the registration has been completed, the legitimation is now required so that the capitalization of the account can be carried out at all. The legitimation, as evidenced by the BANX experience, among other things, may not be a difficulty: After the account has been opened, there is an e-mail by e-mail with the deposit data – the account capitalization is done by bank transfer with the note of the deposit number, which must be stated in the reason for payment.

If you follow the BANX experience, the money is then available in the account after two to four working days.

It should be noted that BANX prescribes a minimum deposit of 5,000 euros. A clear sign that they are not necessarily a beginner-friendly broker.

If you wish to make a payout, the credit will be transferred to the deposited reference account. Again, you have to keep in mind that there is a waiting period, which is usually two to four working days.

The BANX test also deals with customer service – this is the only way to give a corresponding BANX rating at the end. Because you should not underestimate the possibility of being able to contact the employees – because if problems such as difficulties arise, then you want to have a solution here.

The BANX testimonials regarding customer support are positive. The broker’s staff is available from Monday to Friday, during 9 a.m. to 18 p.m. Furthermore, the BANX test shows that there are various communication channels. This is how you can use

• Email
• Telephone or
• Live Chat

Contact. Furthermore, there is actually an on-site service. There is a BANX branch in Düsseldorf. Opening hours: Monday to Friday, 9 a.m. to 18 p.m.

The BANX test also proves that there is an extensive FAQ section. That is, a definite plus point for the BANX review when it comes to evaluating customer service.

The question of whether BANX is reputable can be answered relatively quickly: The headquarters of BANX GmbH is in Düsseldorf – this is also the reason why the broker is regulated by the German Federal Financial Supervisory Authority (BaFin for short). In the area of deposit insurance, too, the company relies on renowned partners. The custody account is held at Citibank.

BANX also offers deposit insurance of well over 100,000 euros. In total, the customer custody accounts are protected up to 30 million US dollars per customer. This also applies to cash deposits up to 1 million US dollars.

BANX is reputable. There are also no BANX experiences that sometimes want to claim the opposite.

The BANX test shows, among other things, that there are various additional offers. Among other things, you can use the BANX demo account, which is available free of charge, not only to get an overview of which features are offered, but also to try out your strategies safely.

In addition to the BANX demo account, there is also a stock market encyclopedia and training videos. Furthermore, BANX also provides news and stock analysis free of charge.

Stock fans will also be thrilled when they get to grips with what BANX has to offer.

The trade offer

BANX offers more than 1.2 million securities on over 150 trading venues worldwide. In order to be able to look forward to optimal processing, WorkStation 4.0 is offered. Thus, the trader can optimally analyze the prices and also make decisions that have taken place on the basis of various analyses. Because there are some interesting tools such as features to be able to act accordingly.

The provider is also convincing when it comes to the BANX fees that are incurred in the area of stock trading. The fact that BANX is reputable may also be proven here, as the fee model is transparent and comprehensible. German shares can be traded from as little as 3.90 euros (XETRA) or 4.90 (Frankfurt). U.S. stocks are available on the NASDAQ or NYSE starting at $3.00/share (maximum per order 1% of the trade value). For XETRA shares, a commission of 0.14 percent of the trading value is charged – the maximum fee is 99 euros. Depending on the chosen stock exchange, however, the conditions vary.

With regard to the BANX fees, this is another positive BANX rating.

The BANX test shows that there are over 150 trading venues in over 30 countries. In addition to the German stock exchanges, there are also trading venues in France, Italy, the USA and Norway. The diversity clearly speaks for BANX.

BANX offers a very special offer in the field of securities trading. Above all, it is the BANX fees that speak for the provider – the custody account is offered free of charge, the fees when you trade are also comprehensible, transparent and fair.

BANX provides more than 1.2 million securities from a wide range of asset classes – of course, exchange-traded funds, i.e. ETFs, should not be missing. However, there are no austerity plans. So if you plan to start building up your assets with 20 euros or 30 euros/month, you actually have to look for another provider.

If you are interested in trading ETFs on a German stock exchange, you have to pay a commission of 0.14 percent – depending on the market value. The minimum fee via XETRA is 3.90 euros; If you trade on the Frankfurt Stock Exchange, the minimum fee is 4.90 euros.

BANX convinces with a true diversity. However, the BANX test may show that first and foremost only ambitious traders should be addressed here – there is no savings plan, but the possibility to invest a minimum deposit of 5,000 euros.

ETFs are quite an interesting way to invest money. However, it should be noted that there are no savings plans here.

When it comes to the CFD offer, BANX is 100 percent convincing. Here, traders can trade on stocks such as indices. It is not only the BANX fees that speak for the provider, but also the very attractive leverage options.

The trade offer

Numerous stocks as well as indices are available. Here you will certainly be able to find your personal favorites.

Depending on the underlying asset chosen, there are different BANX fees or BANX costs. However, you can expect the following average costs if you choose to work with CFDs:

• EU CFDs: start from 2 euros
• US CFDs: start from 3 US dollars
• AUD CFDs: start from 5 Australian dollars
• JP CFDs: start from 50 Japanese Yen

For the private trader, there may be a limit on the maximum leverage within the European Union. If you can prove that you are a professional and experienced trader at BANX, a higher leverage is available. This is also proven by the BANX testimonials that can be found on the Internet.

CFDs on stocks such as indices are available. The BANX fees and the use of leverage are convincing here – a clear plus point in the BANX rating. So if you like to speculate with the price, you will be thrilled.

If you like to speculate with foreign exchange or are interested in the Forex market, BANX is the right place for you. However, it is important to clarify in advance what the BANX costs or BANX fees look like in this area.

The trade offer

The BANX test shows that a true variety is made available here: The currency areas cover a world market share of around 60 percent for the broker. Furthermore, the BANX experience has also shown that the foreign exchange offers are available in real time. You can also trade more than 20 currencies via BANX – US dollars, Australian dollars, Swiss francs, euros, British pounds or Hungarian forints. In addition to majors, minors, secondary currencies and exotics are also available here.

Of course, it’s also about the BANX fees – can the broker convince here? Yes. There are no hidden BANX fees or BANX costs. Trading with commissions of 0.4 basis points * transaction volume is made possible; In order to reduce travel costs of foreign currencies, the broker provides the so-called FX Auto Swap program. A positive point for the BANX rating.

The option of the so-called Request for Quote function – RFQ for short – is offered. This is especially pleasing to ambitious traders, as it gives them the chance to get the best price for execution. In addition, an advanced trading software is offered – the BANX experience shows that you are offered real-time prices and can also work with various technical indicators.

In the Forex sector, BANX was able to convince. It may not be the largest provider on the market with just over 20 foreign currencies available, but it provides a good mix of majors, miners and exotics. In addition, the BANX fees are convincing here.