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 |
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 Demo Account offers many features for traders. The demo account from Baxter FX will grant users access to the broker’s advanced trading software, allowing you to test out these trading features before signing up for a real account.
Choose your quick section of our Baxter FX Demo Account below.
Baxter FX Demo account – 6 key points quick overview:
How to set up a Demo Account – Step by Step- Baxter FX Demo Account Features
- Baxter FX Pros and Cons
- Conclusion
- Frequently asked Questions
Here is an overview of the Baxter FX Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
Opening a demo account with Baxter FX is a simple and straightforward process that consists of the following steps:
Step 1 – Go to the demo account portal.
Navigate to the demo account registration portal 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, favourite currency types, average ticket size, and your currency of fees.
Step 4 – Submit your demo request.
Click “send” to submit your demo request.
After completing this registration process, you will be able to request a demo clearing account to see how the broker is going report your trading from different venues in real time.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Baxter FX Demo Account Features
Because the demo account is funded with virtual currency it allows for risk-free trading until such time as you feel ready to enter a live trading environment. Unfortunately, the broker does not specify for how long the demo account can be used, or if it expires.
Please note only trades done on demo XCDE, SolidFX and FXall will appear in real-time in your Demo Clearing Account. Other platforms, although integrated in production, are not integrated in the demo environment.
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 |
| Easy online demo account sign-up process | Approval following online registration can be lengthy |
| Broker does not indicate when demo expires |
Conclusion
Baxter FX offers a 100% free demo account. The Demo account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses. Baxter FX practices forex trading in a 100% risk-free environment.
Baxter FX is a well-regulated broker that falls under the auspices of the Australian Securities and Exchange Commission (ASIC). The regulator recently made the decision to restrict the offering of bonuses by brokers to new and existing traders.
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Frequently asked Questions
What is the difference between a demo and 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.
Which live trading accounts does Baxter FX offer?
Baxter FX offers 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
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