BAXTER-FX Review 2024
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BAXTER-FX Review 2024

Updated:
Updated: October 06, 2023

2.47

/

10

TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
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Summary of BAXTER-FX Trading Company

BAXTER-FX is a high-risk broker with the TU Overall Score of 2.47 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by BAXTER-FX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker. BAXTER-FX ranks 371 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.

BAXTER-FX ensures an effective trading environment and gives access to the most competitive and liquid foreign exchange markets globally. BAXTER-FX implements innovative technologies and ultra-fast order execution for every trader to get the best trading experience.

💰 Account currency: USD, EUR, GBP, AUD
🚀 Minimum deposit: 50 000 USD
⚖️ Leverage: 1:50
💱 Spread: from 0,5 p
🔧 Instruments: Forex , CFDs Stocks, Options, Precious Metals
💹 Margin Call / Stop Out: 50%/50%

👍 Advantages of trading with BAXTER-FX:

  • Innovative functionality of merging trades of different platforms on the platform’s clearing account;
  • The clearing platform is well-suited for arbitrage strategy (earning a profit from the price difference of one asset at different exchanges);
  • Access to Currenex, Hotspot and FxAll ECN networks.

👎 Disadvantages of BAXTER-FX:

  • Technology solutions of the platform are interesting to institutional players in the Forex market, professional investors and managing traders. The platform is unlikely to be of interest to the majority of novice traders.

Evaluation of the most influential parameters of BAXTER-FX

User Satisfaction Customer Satisfaction Score (CSAT) is a unique metric of Traders Union based on the analysis of user reviews posted on pages of each broker profile by the visitors of our website from all around the world. We have been collecting these broker reviews for over 13 years, and therefore, we know and understand the level of customer satisfaction with a specific brokerage company better than anyone else.

2.00

/10

Regulation and safety The score for this parameter is based on the licenses a company holds. The higher the level of the license, the higher the score. Obtaining licenses in other jurisdictions also improves a broker’s score. We divide all licenses into three levels:

Level 1 jurisdictions (high level of trust): CFTC – USA, FINMA – Switzerland, FCA — UK, ASIC – Australia, CBI – Ireland, JFSA — Japan, MAS – Singapore, FMA — New Zealand, IIROC – Canada, SFC – Hong Kong.

Level 2 jurisdictions (medium level of trust): CySEC – Cyprus, FSCA – South Africa, CBRC – China, SEBI – India, ISA – Israel, SECT – Thailand, DFSA – United Arab Emirates

Level 3 jurisdictions (low level of trust): FSC – Belize, FSC – British Virgin Islands, FSC – Mauritius, VFSC – Vanuatu, SCB – The Bahamas, BMA – Bermuda, CIMA – Cayman Islands

1.16

/10

Commissions and fees This parameter comprises a comprehensive analysis of all commissions and fees charged by a brokerage company, including trading and deposit/withdrawal fees. Also specific fees, for example the inactivity fee, are taken into account in the final score for the fees. Users can find detailed fees charged by a company in the broker’s profile.

4.57

/10

Trading instruments For this parameter, we evaluate the number of trading assets a broker offers access to in each group of financial instruments. We analyze the quotes a broker offers on Forex pairs, metals, indices, commodities, stocks, and cryptocurrencies. This parameter also includes evaluation of broker’s investment programs, for example access to copy trading, which we regard as an additional type of a trading instrument.

4.97

/10

Brand popularity Traders Union experts are confident that brand awareness mostly fully reflects the real state of affairs in a company – the more popular the broker, the more people trust it. The score for this indicator is based on the data analysis of such services as Ahrefs and SemRush, which show how often a company’s brand is searched on Google. In addition, indicators of the SimilarWeb service, which show the approximate number of visitors of the broker’s website, are also taken into consideration. We also review disclosed official reports of brokers, which allow for evaluating their client base.

1.09

/10

Customer support The score of this parameter is based on the number of available communication channels of a company’s support service. The quicker and easier it is to contact the broker’s support, the higher the score. We check every available support channel, test the speed of processing of requests and completeness of provided information through several interactions.

3.71

/10

Education This parameter provides an evaluation of a company’s capacity to work with beginners. Only quality training and provision of full and unbiased information can help novice traders and investors minimize the risks of losing money, even when working with top-ranked companies. Brokers with useful educational and informational tools, including webinars, tutorials, podcasts and articles, receive higher scores.

3.51

/10

Geographic Distribution of BAXTER-FX Traders

Popularity in

98%
US
United States
1%
Others
Others

User Satisfaction i

8 comments
Total score:
2.5 /10

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virejoraler51
47 weeks ago

Broker BAXTER-FX does not inspire confidence. They lost it after the withdrawal of the first one. It was very long, they took a lot of commissions. Execution here is also not conducive to profitable trading.

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ZacharyRob
1 year ago

I do not recommend trading with BAXTER-FX. It is better to choose companies from the top of the rating. I know for sure that they will deceive, and specifically. Everything will be fine right away, but as a conclusion, you will understand who you are dealing with. I didn't receive 2000!

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DonaldMl
1 year ago

Even small sums to withdraw here is a problem. Not to mention large sums. So think very carefully before contacting BAXTER-FX.

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Stanleyvazy
1 year ago

Carefully! Fraudsters! Never, under any circumstances, send them money. People, believe my bitter experience, do not climb into this swamp, in the end nothing awaits you except for losses and problems. The company is absolutely not trustworthy, in a word - the kitchen.

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lynnjz4
2 years ago

I purposefully searched for an ECN broker with an ASIC license, as I consider this regulator as reliable as possible. I also like to trade with the Currenex terminal, which BAXTER-FX offers among others. Naturally, I opened a demo account first. I traded with it for a couple of weeks, and the spreads were actually practically zero. The commission per lot is $4, which is the average value among Forex brokers. In parallel with trading with BAXTER-FX, I tested another broker. His conditions suited me better. After that, I read that BAXTER-FX was removed from ASIC registration. I don’t know whether it was his initiative or forced, but I am glad that I opened a real account with another broker.

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dking123
2 years ago

Become a victim of Baxter FX. Out of the $ 5,000 invested, I did not see any profit, and the balance of $ 1300 is not allowed to be withdrawn! They make some kind of fool out of me, and that supposedly I can only withdraw the amount that I replenished! But that's how you leaked it to me! Where can I get the money now ???

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ANIS
3 years ago

Scammers offering fake bids. It's not even instant, but fantasy, because the prices are completely far from reality. Tried both currencies and metals, equally left quotes

Dynamics of BAXTER-FX’s popularity among
Traders Union’s traders, according to 2023 data

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Investment programs of Baxter FX

Baxter FX is not a broker in the literal sense of the word. It is a clearing platform that offers innovative solutions in the Forex market. The platform can be used to simultaneously access all ECN systems, work with all multi-bank and brokerage platforms, manage risks, etc. The platform does not have an investment program as such, but does offer a PAMM module for managing traders working with investors regardless of their broker.

Important!

If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Trading Conditions for BAXTER-FX Users

💻 Trading platform: Currenex, Hotspot, FxAll
📊 Accounts: Real, Demo
💰 Account currency: USD, EUR, GBP, AUD
💵 Replenishment / Withdrawal: Bank Transfer
🚀 Minimum deposit: 50 000 USD
⚖️ Leverage: 1:50
💼 PAMM-accounts: No
📈️ Min Order: No
💱 Spread: from 0,5 p
🔧 Instruments: Forex , CFDs Stocks, Options, Precious Metals
💹 Margin Call / Stop Out: 50%/50%
🏛 Liquidity provider: No
📱 Mobile trading: No
➕ Affiliate program: No
📋 Orders execution: STP
⭐ Trading features: No
🎁 Contests and bonuses: No

Comparison of BAXTER-FX with other Brokers

BAXTER-FX RoboForex Eightcap Exness Octa FreshForex
Trading
platform
Сurrenex, Hotspot, FxAll MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MetaTrader4, MetaTrader5 MT4, MobileTrading
Min deposit $50000 $10 $100 $10 $25 No
Leverage From 1:1
to 1:50
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:500
From 1:25
to 1:500
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 0 points From 0 points From 1 point From 0.6 points From 0 points
Level of margin call
/ stop out
50%  /  50% 60%  /  40% 80%  /  50% No  /  60% 25%  /  15% 40%  /  20%
Execution of orders STP Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution
No deposit bonus No No No No No $30
Cent accounts No Yes No No No Yes

Broker comparison table of trading instruments

BAXTER-FX RoboForex Eightcap Exness Octa FreshForex
Forex Yes Yes Yes Yes Yes Yes
Metalls Yes Yes Yes Yes Yes Yes
Crypto No No Yes Yes Yes No
CFD Yes Yes Yes Yes Yes Yes
Indexes No Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No Yes No No No No
Options Yes No No No No No

Contacts

Foundation date 2015
Registration address Level 3, 80 Clarence St. Sydney NSW 2000 ABN: 11 159 867 571
Official site
Contacts
All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
BAXTER-FX Review BAXTER-FX Review

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FAQs

Do reviews by traders influence the BAXTER-FX rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about BAXTER-FX you need to go to the broker's profile.

How to leave a review about BAXTER-FX on the Traders Union website?

To leave a review about BAXTER-FX, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about BAXTER-FX on a non-Traders Union client?

Anyone can leave feedback about BAXTER-FX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

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