TradeBaionics Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-01-08 17:50

Abstract：Founded in 2021 in the United Kingdom, TradeBaionics is a forex broker, whose minimum deposit is as high as $10,000. Besides, traders can only trade on the web-based platform. Though its leverage is up to 1:200, it is not regulated.

　　Note: TradeBaionics's official website - https://www.tradebaionics.com/ is currently inaccessible normally.

TradeBaionics Review Summary
Founded	2021
Registered Country/Region	United Kingdom
Regulation	Not regulated
Market Instruments	Forex, etc.
Demo Account	✅
Leverage	Up to 1:200
EUR/USD Spread	Floating around 0.8 pips
Trading Platform	Web
Min Deposit	$10,000
Customer Support	Tel: +44 2030052502, +442030052038
	Email: support@tradebaionics.com
	Address: 60 Queen Victoria St, London EC4N 4TZ, United Kingdom

　　Founded in 2021 in the United Kingdom, TradeBaionics is a forex broker, whose minimum deposit is as high as $10,000. Besides, traders can only trade on the web-based platform. Though its leverage is up to 1:200, it is not regulated.

Pros and Cons

Pros	Cons
Demo accounts	Unavailable website
Tight EUR/USD spread	Not regulated
Popular payment options	No MT4/5
	High minimum deposit

Is TradeBaionics Legit?

　　No, TradeBaionics is not regulated by any financial authorities. It means that it doesn't need to obey the rules of any regulations. Please be aware of the risk!

Leverage

　　A leverage ratio of up to 1:200 is offered by TradeBaionics, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spread and Commission

　　As tested at TradeBaionics demo web account, the spread for the benchmark EUR/USD pair was floating around 0.8 pips.

　　As for commissions, the broker states that it does charge some commissions and the amount of commission is either a percentage of your trade size or a fixed percentage.