Baxia Markets does offer a demo account for traders to trade in a risk-free environment. A demo account enables a trader to start free online trading quickly, enabling them to practice before putting real money at risk.
BAXIA MARKETS AT A GLANCE
| 🔎 Broker's Name | Baxia Markets |
| 🏛️ Headquarters | Bahamas, Seychelles |
| 🏛️ Global Offices | Bahamas, Seychelles |
| 🏛️ Local Market Regulators in South Africa | Financial Sector Conduct Authority (FSCA) |
| ✴️ Foreign Direct Investment in South Africa | 10309.28 billion ZAR |
| ✴️ Foreign Exchange Reserves in South Africa | 46.3 billion ZAR |
| 🏛️ Local office in South Africa? | No |
| ✴️ Governor of SEC in South Africa | None, the governor of the Reserve Bank in South Africa is EL (Lesetja) Kganyago |
| ✔️ Accepts South Africa Traders? | Yes |
| 📅 Year Founded | 2020 |
| 👥 South Africa Office Contact Number | None |
| 🌐 Social Media Platforms | Twitter |
| ⚖️ Regulating Authorities | SCB, FSA Seychelles |
| 🌐 Tier-1 Licenses | None |
| 🌐 Tier-2 Licenses | None |
| 🌐 Tier-3 Licenses | The Securities Commission of the Bahamas (SCB) Financial Services Authority of Seychelles (FSA) |
| 🔎 License Number | Bahamas – 177330B Seychelles – SD104 |
| ⚖️ FSCA Regulation | None |
| ✴️ Regional Restrictions | USA, Canada, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, China, Crimea, Donetsk, Luhansk, Palestine, North Korea |
| ☪️ Islamic Account | None |
| 📒 Demo Account | Yes |
| 📊 Retail Investor Accounts | 2 |
| 📊 PAMM Accounts | Yes |
| 📈 Liquidity Providers | None Indicated |
| 💰 Affiliate Program | Yes |
| 🚀 Order Execution | Market |
| 📈 Starting spread | 0.0 pips EUR/USD |
| 💰 Minimum Commission per Trade | 7 USD per Standard Lot |
| 💳 Decimal Pricing | 5th decimal pricing |
| 📊 Margin Call | 90% |
| 📊 Stop-Out | 20% |
| 📈 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | None indicated |
| 📊 Crypto trading offered? | No |
| 💰 Offers a ZAR Account? | Yes |
| 💻 Dedicated South Africa Traders Account Manager? | No |
| 📈 Maximum Leverage | 2000:1 |
| 📈 Leverage Restrictions for South Africa? | None |
| 💳 Minimum Deposit (ZAR) | 50 USD / 920 ZAR |
| 💳 South Africa Rand Deposits Allowed? | No, only USD, EUR, GBP, AUD |
| 👥 Active South Africa Traders Trader Stats | 200,000+ |
| 👥 Active South Africa Traders-based Baxia Markets customers | Unknown |
| 👥 South Africa Daily Forex Turnover | 13.1 billion USD |
| 💳 Deposit and Withdrawal Options | Credit Card Debit Card AstroPay Sticpay Local Bank Transfer |
| 📊 Minimum Withdrawal Time | 24 hours |
| 📊 Maximum Estimated Withdrawal Time | 5 Working Days |
| Instant Deposits and Instant Withdrawals? | No |
| Segregated Accounts with South African Traders Banks? | No |
| 📱 Trading Platforms | MetaTrader 4 MetaTrader 5 |
| 🚀 Tradable Assets | Forex Metals Energies Indices |
| 📈 Offers USD/ZAR currency pair? | Yes |
| 📈 USD/ZAR Average Spread | 10 pips |
| 📌 Offers South Africa Traders Stocks and CFDs | No |
| 📌 Languages supported on the Website | English |
| 📌 Customer Support Languages | Multilingual |
| ✴️ Copy Trading Support | No |
| 👨🏼💼Customer Service Hours | 24/5 |
| ⬆️ South Africa Traders-based customer support? | No |
| 💰 Bonuses and Promotions for South Africa Traders | Yes |
| 📊 Education for South Africa Traders beginners | Yes |
| 📊 Proprietary trading software | No |
| 📶 Most Successful Trader in South Africa | Ref Wayne (500 million USD+) |
| 💬 Is Baxia Markets a safe broker for South Africa Traders? | Yes |
| 💬 Rating for Baxia Markets South Africa | 7/10 |
| ⏲️ Trust score for Baxia Markets South Africa | 79% |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit
USD 50
Regulators
SCB, FSA
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Baxia Markets Demo Account – 4 key points quick overview:
How to set up a Demo Account – Step by Step- Baxia Markets Demo Account Features
- Baxia Markets Pros and Cons
- FAQ’s
How to set up a Demo Account – Step by Step
To register a demo account with Baxia Markets, South African traders can follow these steps:
Step 1 – Open up the Baxia Markets website.
Locate and open the official website of Baxia Markets.
Step 2 – Click on the “Try risk-free demo” button.
After opening up the Baxia Markets website click on the “Try risk-free demo” button close to the top of the page.
Step 3 – Fill in the form
Fill in all your required personal details to complete the form.
The demo account has been created.
Baxia Markets Demo Account Features
Without risking any real money, South Africans can easily simulate a live trading environment using a demo account from Baxia Markets.
To learn about trading the currency market and become used to the broker and trading interface, all South African traders should use a Forex demo account as their first Forex account.
Among other tempting aspects, it lets traders practice their trading skills, test strategies, and explore what brokers like Baxia Markets offers.
The MetaTrader 5 platform is available to traders who open a demo account with Baxia Markets. Additionally, traders get unlimited virtual money that may be utilized to trade on any market the broker offers, with the advantage of using leverage up to 1:500.
This Baxia Markets practice account is great for beginners to utilize long-term until they are ready to move on from the practice account to a real account since the broker does not set a time restriction on the account’s tenure.
Baxia Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Leverage up to 1:500 is offered on the demo when trading major forex pairs | Traders cannot use MT4 for the practice account |
| Sign-up is quick, and traders can use the popular and powerful MT5 on mobile, web, or desktop | |
| South Africans can use the demo account for an unlimited time |
Min Deposit
USD 50
Regulators
SCB, FSA
Trading Platform
MT4, MT5
Crypto
No
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
FAQ’s
Which trading platform can I use for the Baxia Markets demo account?
While Baxia Markets offers MetaTrader 4 or MetaTrader 5, South Africans can only use MT5 to access the Baxia Markets practice account.
Can anyone register a Baxia Markets demo account?
Anyone can register for a Baxia Markets demo account. The practice account is not only suitable for beginners but for more experienced traders as well.
How do I top up my virtual funds on the Baxia Markets demo account?
You receive unlimited virtual funds that do not need a top-up.
What happens if I let my Baxia Markets demo account go dormant?
The Baxia Markets demo account is unlimited and will not be terminated if you let it go dormant.
Are there restrictions on the Baxia Markets demo account?
The Baxia Markets demo account offers South Africans access to all available financial instruments. The only restriction is that traders can only use MT5 when they have an active practice account.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
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