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
- 2015
Our Evaluation of BAXTER-FX
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
BAXTER-FX is a broker with higher-than-average risk and the TU Overall Score of 4.5 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 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.
Brief Look at BAXTER-FX
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.
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- 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.
- 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.
TU Expert Advice
Author, Financial Expert at Traders Union
BAXTER-FX provides services to experienced traders, offering access to Forex, CFDs on stocks, options, and precious metals via Currenex, Hotspot, and FxAll platforms. This broker focuses on an effective trading environment with low spreads for EUR/USD and no fees for deposits or withdrawals. The company supports various account currencies, benefiting experienced users familiar with high-volume trading and strategies like arbitrage.
However, BAXTER-FX has several drawbacks. It requires a $50,000 minimum deposit and lacks regulatory oversight from top-tier authorities, resulting in a lower safety rating. The broker may not suit novice traders due to its complex fee structure and platform technologies that are more appealing to institutional players. Consequently, BAXTER-FX is best for experienced traders who can utilize its specialized features.
BAXTER-FX Trading Conditions
| 💻 Trading platform: | Currenex, Hotspot, FxAll |
|---|---|
| 📊 Accounts: | Real, Demo |
| 💰 Account currency: | USD, EUR, GBP, AUD |
| 💵 Deposit / Withdrawal: | Bank Transfer |
| 🚀 Minimum deposit: | 50 000 USD |
| ⚖️ Leverage: | 1:50 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | No |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | Forex , CFDs Stocks, Options, Precious Metals |
| 💹 Margin Call / Stop Out: | 50%/50% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Order execution: | STP |
| ⭐ Trading features: | No |
| 🎁 Contests and bonuses: | No |
BAXTER-FX Key Parameters Evaluation
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Trading Account Opening
BAXTER-FX services cater to professional traders. To start trading, open a clearing account with a minimum deposit of $50,000. Registration is completed on the company’s official website, following these steps:
Click "Register" at the top of the screen.
Fill out the account opening form, providing your first name, last name, and email. The form will also generate a password for your account.
Confirm your email by clicking the link in the verification email.
Log into your account using your email address and the provided password.
A BAXTER-FX account allows you to:
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Complete identity verification.
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Qualify as a retail or professional trader.
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Switch between live and demo accounts with one click.
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Transfer funds to your trading account balance.
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Submit withdrawal requests for profits.
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Access statistics on all completed trades.
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Monitor your financial transaction history.
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Track real-time quotes for trading instruments.
Regulation and safety
BAXTER-FX has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Track record over 10 years
- Not tier-1 regulated
- Not regulated
- No negative balance protection
BAXTER-FX Security Factors
| Foundation date | 2015 |
| Negative balance protection | No |
| Verification (KYC) | Yes |
BAXTER-FX is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker BAXTER-FX have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of BAXTER-FX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, BAXTER-FX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
BAXTER-FX Standard spreads
| BAXTER-FX | Pepperstone | OANDA | |
| EUR/USD min, pips | 0 | 0,5 | 0,1 |
| EUR/USD max, pips | 0,2 | 1,5 | 0,5 |
| GPB/USD min, pips | 0 | 0,4 | 0,1 |
| GPB/USD max, pips | 0,2 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
BAXTER-FX RAW/ECN spreads
| BAXTER-FX | Pepperstone | OANDA | |
| Commission ($ per lot) | 2 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,1 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with BAXTER-FX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
BAXTER-FX Non-Trading Fees
| BAXTER-FX | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Deposit and withdrawal
BAXTER-FX received a Low score for the efficiency and convenience of its deposit and withdrawal processes.
BAXTER-FX offers limited payment options and accessibility, which may impact its competitiveness.
- Low minimum withdrawal requirement
- No deposit fee
- Bank wire transfers available
- No withdrawal fee
- No bank card option
- BTC payments not accepted
- PayPal not supported
What are BAXTER-FX deposit and withdrawal options?
BAXTER-FX offers a limited selection of deposit and withdrawal methods, including Bank Wire. This limitation may restrict flexibility for users, making BAXTER-FX less competitive for those seeking diverse payment options.
BAXTER-FX Deposit and Withdrawal Methods vs Competitors
| BAXTER-FX | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | No | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are BAXTER-FX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. BAXTER-FX supports the following base account currencies:
What are BAXTER-FX's minimum deposit and withdrawal amounts?
The minimum deposit on BAXTER-FX is $50000, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact BAXTER-FX’s support team.
Markets and tradable assets
BAXTER-FX offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 70 Forex pairs.
- Indices trading
- Crypto trading
- ETFs investing
- Copy trading not available
- Futures not available
BAXTER-FX Supported markets vs top competitors
We have compared the range of assets and markets supported by BAXTER-FX with its competitors, making it easier for you to find the perfect fit.
| BAXTER-FX | Plus500 | Pepperstone | |
| Currency pairs | 70 | 60 | 90 |
| Total tradable assets | 100 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products BAXTER-FX offers for beginner traders and investors who prefer not to engage in active trading.
| BAXTER-FX | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | Yes | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Contacts
| Foundation date | 2015 |
|---|---|
| Registration address | Level 3, 80 Clarence St. Sydney NSW 2000 ABN: 11 159 867 571 |
| Official site | baxter-fx.com |
| Contacts |
+353 1 531 4232, +61 2 92 79 07 18
|
Comparison of BAXTER-FX with other Brokers
| BAXTER-FX | Bybit | Eightcap | XM Group | Exness | LiteFinance | |
| Trading platform |
Сurrenex, Hotspot, FxAll | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, MT5, MultiTerminal, Sirix Webtrader |
| Min deposit | $50000 | No | $100 | $5 | $10 | $10 |
| Leverage |
From 1:1 to 1:50 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | No | No | 7.00% |
| Spread | From 0 points | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0.5 points |
| Level of margin call / stop out |
50% / 50% | No / 50% | 80% / 50% | 100% / 50% | 60% / No | 50% / 20% |
| Order Execution | STP | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | No | Yes | Yes |
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