| Treasury Style Account | Futures Style Account | Demo Account | |
| 💳 Deposit Fee | No | No | No |
| 💰 Withdrawal Fee | No | No | No |
| 👍 Commission based fee | Yes | Yes | Yes |
| 👉 Open a account | Click Here | Click Here | Click Here |
Min Deposit USD 50,000 Regulators ASIC Trading Platform MT4, Proprietary Platform Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Choose your quick section of our Baxter FX Account Types below.
Baxter FX Account Types – 8 key points quick overview:
Overview- Baxter FX Account Types
- Baxter FX at a glance
- Baxter FX Account Features
- Baxter FX Demo Account
- Baxter FX Islamic Account
- Baxter FX Pros and Cons
- Frequently Asked Questions
ATC Brokers has differentiated itself by offering innovative software that can adapt to the changing needs of all market participants. Here is an overview of ATC Brokers and the Account types that they offer.
Overview
Headquartered and regulated in Australia, Baxter FX is an innovative fast execution and technology Forex broker which works to provide advanced access to the most competitive and liquid Forex markets.
Baxter FX is an ECN broker that provides traders with raw interbank spreads and trading on three highly advanced and capable proprietary trading platforms.
However, the broker is not a desirable choice for beginner traders, particularly due to its extremely high minimum deposit, while its advanced trading environment does not come with any educational support for beginners.
Proprietary traders or fund managers who prefer to trade spot FX on all the most popular and liquid multibank platforms can choose to open one clearing account with Baxter FX, buy on one platform, sell on another, and see your margins and P/Ls across all platforms in your clearing portal.
This makes Baxter FX an excellent choice for advanced traders seeking maximal flexibility that do not require much in the way of broker support.
Baxter FX Account Types
Baxter FX offers a single integrated ECN account which is divided into two categories, namely Treasure Style and Futures Style, each with a different approach to clearing and reporting.
The Futures Style account will mean that each currency will be considered as separate instruments so that trade is affected by offsetting trade in the same currency.
The Treasure style trades will be composed of two positions, while one is acting in relation to a single currency component. This diversity allows you to take better control of the positions I your trade and even better reflect the instrument fluctuations.
Although Baxter FX offers extensive PAMM accounts for corporate clients or managers, it offers a unique solution for managing multiple accounts simultaneously.
Baxter FX at a glance
| 🔍 Broker's Name | Baxter FX |
| 📍 Headquartered | Australia |
| 📅 Year Founded | 2012 |
| ⚖️ Regulating Authorities | ASIC |
| 🌐 Countries not accepted for trade | USA |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:400 |
| 💰 Minimum Deposit | $50 000/R800 000 ZAR |
| 💳 Deposit Options | Bank wire transfer only |
| 💳 Withdrawal Options | Bank wire transfer only |
| 📈 Spreads | 0.3 pips |
| 💻 Platform Types | Currenex, Hotspot and FxAll Windows, Mobile, Web, iPhone, iPad |
| 📈 Tradable assets offered | Forex, stocks, commodities, and indices |
| 📱 OS Compatibility | PC and Mac OS, mobile for Android and IOS |
| 💰 Sign up bonus | No |
| 👨💼 Languages supported on Website | English, Indonesian, Spanish, Filipino, Malay, Arabic |
| 👥 Customer Support Languages | English, Arabic, Chinese, Dutch, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian and Spanish English, Arabic, Chinese, Dutch, French, German, Hungarian, Indonesian, Italian, Japanese, Korean, Polish, Portuguese, Russian and Spanish |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Baxter FX Account Features
✅ Treasury Style Account
In Treasury Style accounts, Marking to Market is operated by calculating the USD conversion value of each of your Currency Positions.
️ All open Currency Positions more than $10,000 (unless otherwise agreed with you) coming to maturity, will be rolled to Spot value date against US Dollars through a TN or ON Swap.
️ Currency Positions below this threshold will be allowed to go to maturity and delivered to your cash accounts. Automatic conversion of these multi-currency cash amounts to your CAC can be agreed.
✅ Futures Style Account
️ With “Futures Style” Clearing and Reporting, each Currency Pair you trade is considered as a distinct Instrument. Trade on a Currency Pair can only be closed by an offsetting trade in the same Currency Pair.
️Currency Pair positions that are below the agreed threshold will be allowed to go to maturity and delivered to your cash accounts. Automatic conversion of these multi-currency cash amounts to your CAC can be mutually agreed.
The Baxter FX trading process goes directly through your account while you choose any ECN you want to trade, so you can use either the platform of your choice to run a GUI or an API account.
The broker currently offers Currenex, Hotspot, and FxAll and is always looking to add more platforms to offer traders what they need. This trading style will include the following benefits:
️ Globally recognized financial institutions
️ Great trading capacity and technology solutions
️ Fast account opening
Baxter FX Demo Account
The demo account from Baxter FX will give you full access to test the trade features on the broker’s three trading platforms, which are Currenex, Hotspot, and FxAll. Opening a demo account with Baxter FX will consist of the following steps:
Step 1 – Navigate to the demo account registration portal
Navigate to the demo account registration portal in order to complete your request for a demo account.
Step 2 – Select your preferred trading platform
Select your preferred trading platform for the demo account. Traders can choose between Currenex, Hotspot or FXall.
Step 3 – Select your demo clearing preferences
Select your demo clearing preferences. These will include your account currency, your initial deposit, favorite currency types, average ticket size, and your currency of fees.
Step 4 – Submit your demo request
Click “send” to submit your demo request.
Baxter FX Islamic Account
Unfortunately, Baxter FX does not offer an Islamic Account to Muslim traders, which presents a serious drawback since these accounts fulfill an important purpose, as outlined in more detail below.
Also known as ‘no swap accounts’, Islamic trading accounts allow Muslims to engage in online forex trading in compliance with Sharia law.
With 25% of the world’s population practicing the Islamic faith, Islamic forex trading has continued to gain popularity worldwide.
An Islamic Forex trading account charges no swap or rollover interest on positions held overnight in the forex market. An administration fee is, however, charged on some accounts to open positions.
Min Deposit USD 50,000 Regulators ASIC Trading Platform MT4, Proprietary Platform Crypto Yes Total Pairs 0 Islamic Account Yes Trading Fees Low Account Activation 24 Hours
Baxter FX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Advanced trading platforms | No Islamic account available |
| Raw, interbank spreads | Not a good option for a beginner or smaller retail traders |
| Advanced trading features | Extremely high minimum deposit |
| High liquidity | |
| Well-regulated broker | |
| ECN connectivity |
Conclusion
Baxter FX provides three different account types e.g., Treasury Style Account, Futures Style Account, and Demo Account. Each account type has its own set of conditions for commission, margin call, and leverage, and minimum deposits.
Baxter FX Account Types vary according to what traders require. ATC Brokers Limited was established in 2012 in London and is regulated by the Financial Conduct Authority (FCA). The broker also has an additional entity based in the Cayman Islands which is regulated by the Cayman Islands Monetary Authority (CIMA).
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Frequently Asked Questions
Trading environment
How many instruments can I trade with Baxter FX?
Baxter FX offers access to the trading of currencies, commodities, indices, and other CFDs.
Which platforms are supported by Baxter FX?
Baxter FX offers Currenex, Hotspot, and FxAll.
Does Baxter FX offer leverage?
Yes. Trading with Baxter FX allows you to use a high leverage ratio of 1:200 or even 1:400 for some instruments.
What spreads can I expect with Baxter FX?
Baxter FX operates on a 0-pip spread basis as all your transactions are carried out via the ECN of your choice, so the spread is interbank or raw.
Does Baxter FX charge commission?
No, the broker does not charge commissions. However, the operating costs of Baxter FX are included in the commission or fees. There are two types of fees paid to Baxter FX which are divided into Execution Fees and Clearing Fees.
Are there additional charges on the Islamic account?
Baxter FX does not offer an Islamic Account.
Is Baxter FX regulated?
Yes. Baxter FX is well regulated by the Australian Securities and Investments Commission (ASIC), a leading global financial regulator.
Is Baxter FX a recommended forex trading broker for experts and beginners?
No. Baxter FX is better positioned towards advanced or professional traders due to the broker’s minimum deposit of $50 000.
What is the overall rating out of 10 for Baxter FX?
8/10.
Accounts
What is the difference between a demo and a live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
Does Baxter FX offer a demo account?
Yes, Baxter FX offers a free demo account to all new traders.
For how long is the demo account valid?
The broker does not indicate this information.
Does Baxter FX offer the option of an Islamic Account?
No.
Which live trading accounts does Baxter FX offer?
One type of integrated live ECN account from which traders can access the various trading platforms.
What are the available deposit currencies for a live trading account?
Baxter FX offers the following deposit currencies:
- USD
- EUR
- GBP
- AUD
Deposits and withdrawals
What is the minimum deposit for Baxter FX?
The minimum deposit amount required to open a broker account with Baxter FX is a remarkably high $50 000.
This extremely high minimum deposit places Baxter FX well out of the reach of much smaller and beginner retail traders, and it can only be assumed therefore that the broker positions itself primarily toward advanced and professional traders.
How do I make a deposit and withdrawal with Baxter FX?
Deposits with Baxter FX can only be made via bank wire. While this is a limited selection when compared to most other brokers, it is understandable when considering the extremely high minimum deposit.
Does Baxter FX charge withdrawal fees?
Baxter FX does not indicate whether it charges withdrawal fees. However, traders can expect handling fees will be incurred from the bank wire transfer process.
How long does it take to make a withdrawal?
Baxter FX does not provide this information. However, traders can expect a waiting period of several business days on bank wire transfers for large sums of money.
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