BAXTER-FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-27 11:27

Abstract：BAXTER is a currency broker registered in 1998 in Australia. It has three trading platforms, and each of them are connected. However, it is not regulated, and it does not reveal much information about accounts and trading details.

BAXTERReview Summary
Founded	1998
Registered Country/Region	Australia
Regulation	No regulation
Market Instruments	Currency
Demo Account	✅
Leverage	/
Spread	/
Trading Platform	Currenex, Hotspot and FxAll
Min Deposit	/
Customer Support	Contact form
	Tel: Dublin (24 hours) : +353 1531 4232; Sydney: +612 9279 0718
	Email: info@baxter-fx.com
	Address: Level 3, 80 Clarence St. Sydney NSW 2000

　　BAXTER is a currency broker registered in 1998 in Australia. It has three trading platforms, and each of them are connected. However, it is not regulated, and it does not reveal much information about accounts and trading details.

Pros and Cons

Pros	Cons
Demo accounts	Lack of regulation
Managed trading services offered	Limited information about accounts
Clear fee structure	No Islamic account
Multiple trading platforms to choose from	Execution fees charged
Various channels for customer support	No MT4 or MT5

Is BAXTER Legit?

　　No, BAXTER is not regulated. Besides, the current status shows that activities such as client transferring and updating are prohibited. Please be aware of the risks!

What Can I Trade on BAXTER?

　　BAXTER enables customers to trade currency. However, it is not clear whether other types of products are available or not.

Managed Accounts

　　BAXTER does not mention its account types. What is clear is that demo accounts are available, and BAXTER offers services on managed accounts, which means that customers can ask traders to execute trading for them.

BAXTER Fees

　　BAXTER charged execution fees and clearing fees.

Execution Fees

FX Platform	Fee
All platforms	$5 per 1,000,000 traded
FXAll	$3.9 per 1,000,000 traded

Clearing Fees

Average Daily Volume	Fee
0-25 M	$15
25-50 M	$10
50-250 M	$8
250-500 M	$6
500 M+	$5

Trading Platform

　　BAXTER uses 3 types of platforms, including Currenex, Hotspot, and FxAll.

Trading Platform	Supported	Available Devices	Suitable for
Currenex	✔	Web	/
Hotspot	✔	Web	/
FxAll	✔	Web	/
MT4	❌	/	Beginners
MT5	❌	/	Experienced traders