The Western Cape High Court has ordered that online trading platform operator Banxso (Pty) Ltd be placed into final liquidation, concluding that the company is insolvent, operated unlawfully and can no longer function as a viable business.
The judgment, delivered on Monday by Judge J Le Grange, follows an earlier provisional winding-up order granted on 22 August 2025.
Read:
Liquidators seize documents and laptops in raid on Banxso offices [Dec ’25}
FSCA slaps Banxso and directors with R2bn penalty, refers matter to police [Dec ’25]
Banxso victim launches liquidation application [Oct ’24]
The application was brought by a group of investors who traded contracts for difference (CFDs) on Banxso’s platform…