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Score

1.29 /10
Danger

Baazex

United Arab Emirates

1-2 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://baazexcapital.com

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Score

Regulatory Index0.00

Business Index5.29

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
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Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

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40G

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Broker Information

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Company Name

BAAZ Commercial Brokers LLC

Company Abbreviation

Baazex

Platform registered country and region

United Arab Emirates

Company website

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Company summary

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Warning: Low score, please stay away!
Previous Detection : 2024-11-17
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Baazex · Company summary
BaazexReview Summary
Founded2022
Registered Country/RegionUnited Arab Emirates
RegulationNo regulation
Market InstrumentsForexCommoditiesIndicesStocksCryptocurrenciesFutures
Demo Account✅
LeverageUp to 1:400
SpreadFrom 1.4 pips
Trading PlatformMT5
Min Deposit$100
Customer SupportEmail: support@baazex.com
Social Media: Facebook, Twitter, Instagram
Online chat: 24/7

Baazex Information

Baazex is a securities firm incorporated in 2022 and registered with the United Arab Emirates. It provides traders with 1500+ trading instruments, in addition to providing 3 kinds of accounts, support MT5, support 0 commission starting. But it is currently unregulated and its safety is not guaranteed.

Baazex Information

Pros and Cons

ProsCons
1500+ trading instrumentsNo regulation
Starting from 0 commission
Support MT5

Is Baazex Legit?

Baazex, which was registered on its official website in 2022, is currently unregulated.

Is Baazex Legit?
Is Baazex Legit?

What Can I Trade on Baazex?

Baazex says it has 1500+ trading instruments. Including foreign exchange, EUR/USD, UK pound/ USD, and Australian dollar/Japanese yen and other currency pairs; stocks of companies such as Apple, Meta, Disney, LVMH and Tesla that can be traded;commodities such as oil, gold, silver and coffee; You can also trade indices; cryptocurrencies and futures.

Tradable InstrumentsSupported
Forex✔
Commodities✔
Indices✔
Stocks✔
Cryptocurrencies✔
Futures✔
Bonds❌
ETF❌
What Can I Trade on Baazex?

Account Types

Baazex offers 3 types of accounts-CLASSIC ACCOUNT, VIP ACCOUNT and ECN ACCOUNT.

The minimum deposit range for these three accounts is $100 to $10,000. The starting spread range is 0.1pips to 1.4pips. In addition, only ECN accounts require commission.

Account TypesClassic AccountVIP AccountECN Account
LeverageUp to 1:400Up to 1:400Up to 1:400
Minimum Deposit$100$5,000$10,000
Minimum Lots0.010.010.01
Spread from1.4 pips0.9 pips0.1 pips
CommissionNoNoYes
All Strategies AllowedYesYesYes
Swap-free Islamic Account OptionYesYesYes
Account Types

Baazex Fees

The three accounts have a starting spread range of 0.1pips to 1.4pips, and only ECN accounts require commission.

Trading Platform

Baazex offers the MT5 trading platform, which can be used by traders on both desktop and mobile.

Trading PlatformSupportedAvailable DevicesSuitable for
MT5✔Desktop, MobileSkilled trader
MT4❌
MT5❌
Trading Platform

Deposit and Withdrawal

The brokerage payment contains BANK TRANSFER, Mastercard, VISA, Skrill, Tether and NETELLER.

Deposit and Withdrawal

User Reviews

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User comment

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Comments

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Jankal
more than one year
The customer care attention I desperately needed at a most difficult point in time was very friendly and very effective.
The customer care attention I desperately needed at a most difficult point in time was very friendly and very effective.
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2024-07-05 10:47
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Sato Kentaro
more than one year
Overall, Baazex is a decent broker, but there might be better options for specific needs, like scalping, social trading.
Overall, Baazex is a decent broker, but there might be better options for specific needs, like scalping, social trading.
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2024-06-28 14:40
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