Baxia Markets charges a minimum deposit amount of $50. This equals R920 (ZAR) according to the current exchange rate between the USD and ZAR. Major financial authorities do not govern Baxia Markets like the FCA, ASIC, FSCA, or others.
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 Minimum Deposit – 5 key points quick overview:
Minimum Deposit- Deposit fees and deposit methods
- A step-by-step guide to depositing the minimum amount
- Baxia Markets Pros and Cons
- FAQ’s
Minimum Deposit
While Baxia Markets is not regulated by the Financial Sector Conduct Authority, the Bahamas (Baxia Limited) and Seychelles have strict regulations for Baxia Markets (Baxia Global Limited).
According to the terms of service posted on Baxia Markets’ website, the broker maintains a segregated customer money account where funds are kept away from the broker account. Thus, Baxia Markets cannot utilize this cash to run operations or meet its financial commitments.
Deposit fees and deposit methods
Deposit fees are not charged when traders transfer funds into a Baxia Markets account using these payment methods:
️ Credit Card
️ Debit Card
️ Sticpay
️ AstroPay
️ Bank Wire Transfer
When making a minimum deposit into a live trading account with Baxia Markets, traders can choose between these deposit currencies:
️ USD
️ AUD
️ EUR
️ GBP
A step-by-step guide to depositing the minimum amount
Step 1 – Open the official Baxia Markets website
Step 2 – Click on the “Trading” tab at the top menu screen then on “Deposits”
Traders can deposit funds into their accounts by login into their client portal and selecting “Deposit” from the interface menu.
Step 3 – Select the deposit method
Traders can select the deposit method that is most suitable for them, choose a currency, and define the deposit amount.
Traders can complete the deposit procedure by completing any further verification steps that could be necessary.
Traders should carefully choose their deposit method. By default, the same mechanism will be utilized to repay money upon withdrawal request. Additionally, Baxia Markets does not take payments from outside parties.
All money must originate from an account with the same name as the trader’s existing account. Suppose, however, that monies are obtained from an unknown source. In this scenario, it will be swiftly refunded, and traders will be responsible for any transaction costs.
In addition, as part of tight AML processes, traders can be requested to give evidence that the bank account or credit card used to make deposits is in their name by giving copies of the front of the card or a bank account statement.
Baxia Markets Pros and Cons
| ✔️ Pros | ❌ Cons |
| The minimum deposit amount required to register an account is competitively low | There is no Tier-1 or Tier-2 regulations or licensing |
| Baxia Markets' regulations with FSA and SCB can be verified on the regulators' website | Baxia Markets does not provide additional safety features to protect clients or their data |
| All funds are kept separate from the broker account | Baxia Markets does not offer a range of payment methods to choose from |
| The client agreement is transparent regarding trading conditions |
FAQ’s
Which payment methods can I use to pay the minimum deposit amount?
When you pay the minimum deposit amount, you can use these payment methods:
- Credit Card
- Debit Card
- Sticpay
- AstroPay
- Bank Wire Transfer
How much do I need to pay when registering a Baxia Markets account?
To register a trading account with Baxia Markets, you must pay 50 USD / 920 ZAR.
How long does it take for my deposit to reach my Baxia Markets account?
Some payment options are instant, while others can take up to 5 working days.
Are my funds safe with Baxia Markets?
Baxia Markets’ client agreement guarantee that client funds are kept securely in separate accounts away from the broker account.
Does Baxia Markets offer negative balance protection?
Baxia Markets does not indicate whether negative balance protection is applied to retail accounts.
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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