The spread list for Baxia Markets starts from 0.0 pips. The bid/ask spreads offered by Baxia Markets on the MetaTrader 4 and MetaTrader 5 forex trading platforms are flexible and competitively inexpensive.
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 Fees and Spreads – 5 key points quick overview:
Fees and Spreads
Fees and Spreads
Because of its extensive network of True ECN-connected liquidity providers, Baxia Markets can provide spreads that are among the lowest in the forex and CFD industry.
At Baxia Markets, spreads are consistently low, and liquidity is deep regardless of the weekday, exceeding most other forex brokers.
South African traders who deal with Baxia Markets also profit from their ability to compete with the biggest financial organizations in the world on the foreign exchange market.
Through the Aggregation Engine at Baxia Markets, the best bid and ask prices are selected from various liquidity sources and then provided to customers. Furthermore, the BxZero account can have 0 pip spreads at times of high liquidity.
In addition, South African traders could expect the following spreads from Baxia Markets:
| Instrument | BxZero Account | BxStandard Account | ||
| Average Spread | Minimum Spread | Average Spread | Minimum Spread | |
| EUR/USD | 0.1 pips | 0.0 pips | 1.1 pips | 1 pip |
| XAU/USD | - | 0.5 pips | - | 0.5 pips |
| XAG/USD | - | 0.5 pips | - | 0.5 pips |
| Natural Gas | - | 1.2 pips | - | 1.2 pips |
| Brent Crude | - | 2 pips | - | 2 pips |
Additional Trading Fees
Commissions
The Baxia Markets BxZero Account provides investors with the smallest spreads, the quickest connection speeds, and millisecond-accurate execution times.
Customers of Baxia Markets can anticipate paying a commission on FX pairs and Spot Metals when trading on the MT4 and MT5 platforms, apart from the Baxia Markets BxZero Account, a raw spread account with the lowest price.
Based on their position size, traders utilizing the BxZero Account should budget for the following commission costs:
| Account Base Currency | Commission per micro lot (1,000 units of the base currency) | Commission per standard lot (100,000 units of the base currency |
| USD | 0.04 USD per side 0.08 USD round turn | 3.50 USD per Side 7 USD round turn |
| EUR | 0.03 EUR per side 0.06 EUR round turn | 2.61 EUR per side 5.23 EUR round turn |
| GBP | 0.02 GBP per side 0.05 GBP round turn | 2.29 GBP per side 4.59 GBP round turn |
| AUD | 0.04 AUD per side 0.08 AUD round turn | 3.50 AUD per side 7 AUD round turn |
Overnight Fees, Rollovers, or Swaps
On MetaTrader 4 and MetaTrader 5, rollover interest is added to a trader’s account daily at midnight server time (5 p.m. EST). The weekend market closure results in a doubling of Wednesday rollover fees.
South African traders can easily monitor their overnight charges on MetaTrader 4 and MetaTrader 5. Additionally, Baxia Markets does not provide South African traders with spread betting services. Therefore, spread betting fees are not a concern for traders.
The ability to convert a live account into an Islamic or Swap-Free Account is not yet available to Muslim South African traders on Baxia Markets.
Thus, such traders must be careful to close their holdings before the trading day closes to avoid overnight fees and interest.
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 Broker Fees
Deposit and Withdrawal Fees
Deposits are free, but these withdrawal fees apply:
️ Sticpay – 1 USD
️ AstroPay – 1 USD
️ Bank Wire and Local Bank Transfers – 20 USD
Inactivity Fees
South African traders who allow their trading account to go dormant will pay a 10 USD inactivity fee.
Currency Conversion Fees
Currency conversion fees will apply if South Africans deposit and withdraw funds in ZAR, as the accepted base currencies are AUD, USD, GBP, and EUR.
Baxia Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| Baxia Markets charges spread from 0.0 pips EUR/USD and other major instruments | Baxia Markets is not transparent with swap fees |
| The broker fees are competitive and transparent | There are both inactivity and withdrawal fees charged |
| Baxia Markets does not charge any deposit fees | Baxia Markets does not allow for account conversion to an Islamic Account |
| The BxStandard Account is commission-free |
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FAQ’s
What are the typical spreads that South Africans can expect with Baxia Markets?
Typical spreads depend on the financial instrument, trading account, and overall market conditions. However, Baxia Markets typically charges spreads from 0.0 pips on the BxZero and 1 pip on the BxStandard account.
What is the commission structure charged by Baxia Markets?
Baxia Markets has a transparent commission structure that depends on the instrument, account currency, and position size, with typical commissions of 7 USD.
Do I pay fees when I deposit or withdraw from a Baxia Markets Account?
Deposits with Baxia Markets are free, but withdrawals cost between 1 to 20 USD.
Can I deposit or withdraw in ZAR?
If you deposit or withdraw in ZAR, your deposit/withdrawal will be converted to your base account currency.
Do I pay penalties when my Baxia Markets account goes dormant?
You pay 10 USD after your trading account has been dormant for 12 months.
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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