Baxia Markets Review 2024
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
- $100
- MT4
- MT5
- MT4 Multi-Terminal
- FSA
- SCB
- 2020
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
- $100
- MT4
- MT5
- MT4 Multi-Terminal
- FSA
- SCB
- 2020
Our Evaluation of Baxia Markets
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
Baxia Markets is a broker with higher-than-average risk and the TU Overall Score of 4.39 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Baxia Markets clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Baxia Markets is a broker suitable for both beginners and professional traders due to its flexible trading conditions.
Brief Look at Baxia Markets
Baxia Markets is a broker that has been providing access to financial markets since 2020. The company offers currency pairs, indices, metals, and energies for trading. The Baxia Markets office is located in Seychelles. The broker's activities are regulated by the Seychelles Financial Services Authority (FSA) and the Securities Commission of the Bahamas (SCB).
- Fast order execution due to STP technology.
- The minimum initial deposit is $100, and all subsequent deposits are $25.
- A demo account is available for those who want to try trading on the Forex market without risking real money.
- There is a good selection of services for depositing and withdrawing funds.
- There are no inactivity fees.
- Absence of cent accounts.
- Free VPS (Virtual Private Server) hosting is only available when depositing an amount of $1,000 or more.
- Spreads are higher compared to most Forex brokers.
TU Expert Advice
Financial expert and analyst at Traders Union
Baxia Markets is a relatively young but progressive broker, and in a short period of its professional activity, it has managed to establish itself positively. Traders are provided with competitive prices and rapid response times due to the use of STP technology for direct access to liquidity providers. For trading, the company's clients can use popular MT4 and MT5 trading platforms and an MT4 MultiTerminal for managing multiple accounts.
Various assets are available for trading such as currency pairs, indices, metals, and energies. Clients can open BX Zero and BX Standard accounts with trading conditions suitable for both beginners and professionals. Spreads on the accounts start from 0-1 pips, and the trading commission on the BX Zero account amounts to $7 per lot. A demo account is accessible for testing strategies, trading with Baxia Markets, and educating novice traders.
The company's website features a section with detailed information about the trading commission sizes, spreads, and swaps for various financial assets. Additionally, the broker provides numerous online tools for trading, newsfeeds, and various valuable information related to the Forex market. The broker processes withdrawals within the timelines specified on the website and does not charge fees for deposits and withdrawals.
Baxia Markets Summary
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| 💻 Trading platform: | МТ4/МТ5 (desktop, mobile, web), MT4 MultiTerminal |
|---|---|
| 📊 Accounts: | BX Zero, BX Standard, demo |
| 💰 Account currency: | USD, EUR |
| 💵 Replenishment / Withdrawal: | Visa/Mastercard cards, bank transfer, Astropay, Fasapay, Sticpay, PayRedeem, Mobile Money (KES, GHS, UGX, TZS), local transfers (THB, VND, MYR, IDR, PHP) |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:500 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | From 0 pips (BX Zero), from 1 pips (BX Standard) |
| 🔧 Instruments: | Currency pairs (47), CFDs on indices (9), metals, and energies (7) |
| 💹 Margin Call / Stop Out: | 90%/20% |
| 🏛 Liquidity provider: | Proprietary suppliers |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Scalping and hedging are allowed |
| 🎁 Contests and bonuses: | Yes |
Baxia Markets offers clients a variety of financial assets, including currency pairs, and CFDs on indices, metals, and energies. Trading can be done using the classic MetaTraders 4/5 trading platforms as well as through the MultiTerminal. For trading, there are two account types available, along with a demo account for learning and testing trading conditions and strategies. Baxia Markets is an STP broker, ensuring that order processing is exceptionally fast due to direct connectivity with liquidity providers.
Baxia Markets Key Parameters Evaluation
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Trading Account Opening
To trade with Baxia Markets, register on the broker's website and open a trading account. The account opening process is as follows:
On the Baxia Markets website, click on "Create account" or "Start trading."
Fill out the registration form with your name, surname, country, phone number, email, and password. Confirm agreement with Baxia Markets' rules and conditions.
Features of Baxia Markets’ user account:
Your Baxia Markets user account also provides access to:
Managing trading accounts.
Financial section for deposits and withdrawals, and transaction history.
Client profile with personal information and uploaded document copies.
Page with software installation files for trading.
Trading tools (glossary, market analysis, trading calendar) and calculators for profit calculation on individual positions.
Educational section with Forex trading basics, video tutorials on indicators, and instructions for depositing and withdrawing funds to bank cards.
Section with promotions and bonus offers.
Regulation and Safety
Baxia Markets has two physical representations, one in Seychelles and the other in the Bahamas. It is a member of the Financial Commission, an international organization. It deals with resolving disputes in the Forex market.
The activities of Baxia Global Ltd are regulated by the Financial Services Authority (FSA) of Seychelles, license number SD104. Baxia Ltd is regulated by the Securities Commission of the Bahamas (SCB), license number SIA-F234.
Advantages
- Trading accounts have negative balance protection
- Traders' funds are kept in segregated accounts in first-tier banks
- Clients can expect compensation of up to €20,000 in case Baxia Markets is unable to fulfill its obligations.
Disadvantages
- When registering, you need to fill out a detailed questionnaire indicating your Forex trading experience
- Without verification, you will not be able to deposit funds, download trading platforms and other functions.
- If you change the withdrawal method, additional documents may be requested for re-verification.
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| BX Standard | From $10 | No |
| BX Zero | From $0 | No |
Swap rates are present, and their values can be viewed in MT4/5 under the "Market Overview" section in the "Specialization" tab. Analysts from TU compared the commissions of Baxia Markets, RoboForex, and Pocket Option based on average spreads. Results of the analysis are presented in the table below.
| Broker | Average commission | Level |
|---|---|---|
|
$5 | |
|
$1 | |
|
$8.5 |
Account Types
Baxia Markets offers two real accounts and a demo account for trading virtual currency. Leverage is up to 1:500, with spreads starting from 0-1 pips across all account types. The trading commission on BX Zero is $7 per lot.
Account types:
Demo accounts can be opened across all available trading platforms.
Baxia Markets is a broker with favorable trading conditions for both novice traders and professionals.
Deposit and Withdrawal
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To access financial transactions, it's necessary to complete the account verification process.
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The processing time for withdrawal requests ranges from 2 to 5 days, depending on the method chosen.
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For fund withdrawals, options include debit and credit cards, bank transfers, payment systems such as Astropay, Fasapay, Sticpay, and PayRedeem, as well as Mobile Money and local transfers.
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This broker does not charge fees for deposits and withdrawals, but payment service providers may have a commission fee of $5 and a bank transfer fee of $30.
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Funds can only be withdrawn using the same method used for depositing.
Customer Support
Support operators are available 24 hours, except Saturdays and Sundays.
Advantages
- Online chat consultants respond to both existing clients and non-registered users
- You can call the U.K., Mexico, Australia, and Hong Kong telephone numbers
Disadvantages
- On Saturday and Sunday, client support is not available
- There is no feedback form and no option to order a callback
The broker offers the following communication channels:
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Phone
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Email
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Online chat
Additional information can be obtained from the broker's social media pages on Twitter, Facebook, Instagram, LinkedIn, and YouTube.
Contacts
Education
On the Baxia Markets website, clients can use the education section, where important and valuable information is gathered for both beginners and experienced traders.
This broker does not offer cent accounts, so for training purposes without the need to risk real money, trading can be done on a demo account.
Comparison of Baxia Markets with other Brokers
| Baxia Markets | RoboForex | Pocket Option | Exness | TeleTrade | Deriv | |
| Trading platform |
MT4, MT4 Multi Terminal, MT5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5 | Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
| Min deposit | $100 | $10 | $5 | $10 | $1 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:10 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | 1.00% |
| Spread | From 0 points | From 0 points | From 1.2 point | From 1 point | From 0.8 points | From 0 points |
| Level of margin call / stop out |
90% / 20% | 60% / 40% | 30% / 50% | No / 60% | 70% / 20% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | No |
Detailed review of Baxia Markets
Baxia Markets adheres to an internal company philosophy based on three pillars: honesty, transparency, and trust. The broker offers reduced commissions, favorable quotes, and swift order processing to its clients. These conditions are made possible by STP protocols that grant private traders direct access to liquidity providers without intermediaries. Clients have the flexibility to employ various trading strategies and automate trading. For newcomers, a demo account is available for practical application and refinement of theoretical knowledge.
Baxia Markets by the numbers:
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There are 4 classes of trading instruments.
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Over 8 methods for depositing and withdrawing funds are available.
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More than 2 years of successful presence in the Forex market.
Baxia Markets is a broker for active trading and partnership
The broker allows direct trading with liquidity providers, including banks and financial institutions. STP technology ensures minimal spreads for clients. The company offers multiple account-managed (MAM) services for both professional traders and passive investors. The former can manage investment capital, and the latter can earn by entrusting their capital to the account managers. The broker also provides three partnership programs, enabling partners to earn from conversions, referees trading volumes, or establish their businesses within the Baxia Markets infrastructure.
Trading is possible through desktop and mobile versions of MetaTrader 4 and MetaTrader 5 trading platforms. An MT4 MultiTerminal is available for managing multiple accounts.
Baxia Markets’ analytical services:
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Economic calendar. Covers global events impacting financial markets and price fluctuations.
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Calculators. Helps in computing spreads, margins, and trade profits.
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Currency and cryptocurrency converter. Convenient tool for converting different currencies and assessing current market rates.
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VPS hosting. Enables 24-hour automated trading and market access, even without internet or electricity.
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FIX API. Software for high-speed communication, order execution without delays, and swift transfer of extensive financial data.
Advantages:
Client funds are held in segregated accounts with reputable banks.
Spreads start from 0 pips on the BX Zero account.
There is negative balance protection.
There is an extensive educational section.
There is a wide selection of online tools for comfortable Forex trading available.
Various trading platforms are available to all Baxia Markets clients for PC and mobile devices.
User Satisfaction