Overall, Baxia Market’s withdrawal process for their 2 live trading accounts namely their BxStandard, and BxZero account are relatively easy.
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 Withdrawal Process – 5 key points quick overview:
How to Withdraw Funds Step by Step- Detailed Withdrawal Information for Traders
- Fund Withdrawal Terms and Conditions
- Baxia Markets Pros and Cons
- FAQ’s
How to Withdraw Funds Step by Step
South African traders who want to withdraw funds from their Baxia Markets trading account can follow the following few steps:
Step 1 – Open the Baxia Markets website.
Locate and open up the official Baxia Markets website to start the process of withdrawing funds.
Step 2 – Click on the “Trading” tab at the top menu.
At the top menu of Baxia Markets click on “Trading” and then on “Withdrawal”.
Step 3 – Choose the withdrawal method.
You will be given a list of options to choose a withdrawal method from, and choose your desired option to withdraw your funds.
Detailed Withdrawal Information for Traders
Depending on their most recent deposit method, traders have a few withdrawal options from which to select. The table below contains further details on the withdrawal procedure for traders:
| Payment Method | Deposit Currencies | Deposit Processing | Withdrawal Processing |
| Credit Card | USD, AUD, GBP, EUR | 30 to 60 minutes | Up to 5 days |
| Debit Card | USD, AUD, GBP, EUR | 30 to 60 minutes | Up to 5 days |
| Sticpay | USD, AUD, GBP, EUR | 30 to 60 minutes | 24 to 72 hours |
| AstroPay | USD, AUD, GBP, EUR | 30 to 60 minutes | 24 to 72 hours |
| Bank Wire Transfer | USD, AUD, GBP, EUR | 2 to 5 working days | 3 to 5 working days |
Fund Withdrawal Terms and Conditions
Traders must make sure they have enough money to seek a withdrawal, or their request will be rejected. Additionally, traders must make sure they are making withdrawals to a bank account registered in the same name as the Baxia Markets account.
Traders should be aware that strict terms and conditions, KYC requirements, and an AML process are in place to safeguard customers from fraud and money laundering.
Subsequently, traders should anticipate confirmation of their banking and credit card information (name in connection to account number).
Suppose traders withdraw money in a currency other than USD, AUD, GBP, or EUR. In that case, they should know there may be currency translation costs.
Baxia Markets expedites the withdrawal procedure. However, it can take longer than expected for the money to show up in the trader’s bank account. Therefore, after the withdrawal request has been authorized and completed, Baxia Markets is not responsible for any delays.
Baxia Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| There are a few reliable payment methods offered | Traders pay currency conversion fees when they withdraw in ZAR |
| South Africans can expect a prompt processing time from when the withdrawal request is received | There is a limited choice between the supported withdrawal methods |
| Traders can choose from USD, GBP, EUR, or AUD to withdraw funds | The withdrawal process can take a few days to complete |
| Withdrawal fees are charged on three payment methods |
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
What withdrawal methods can I use to retrieve my funds from Baxia Markets?
Baxia Markets offers the following payment methods for withdrawals:
- Credit Card
- Debit Card
- Sticpay
- AstroPay
- Bank Wire Transfer
Does Baxia Markets charge withdrawal fees?
Baxia Markets charges withdrawal fees on Sticpay, AstroPay, and Bank Wire Transfers.
How long will it take to make a withdrawal from Baxia Markets?
After Baxia Markets has processed the withdrawal request, it could take up to five days for funds to return to your bank account.
When does Baxia Markets process withdrawal requests?
Baxia Markets processes withdrawal requests within 24 hours during business hours.
Are there currency conversion fees charged if I withdraw in ZAR?
Baxia Markets only accepts USD, AUD, GBP, and EUR. Therefore, if you withdraw funds in ZAR, you will face currency conversion fees.
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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