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
Choose your quick section of our Baxter FX Fees Spreads and Commission below.
Baxter FX Fees, Spreads and Commission – 6 key points quick overview:
Baxter FX Fees and Spreads- Baxter FX Additional Trading Fees
- Baxter FX Broker Fees
- Baxter FX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Baxter FX Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
Baxter FX Fees and Spreads
Traders with Baxter FX can expect the following spread list:
️ 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. Raw spreads offer the advantage of allowing traders to access the underlying market prices.
Baxter FX Additional Trading Fees
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.
Baxter FX does charge swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
Unfortunately, the broker does not provide an Islamic Account for traders of the Muslim faith. This is a serious drawback for such traders, as an Islamic account provides swap-free trading since such interest is prohibited by Sharia law.
Baxter FX Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
As Baxter FX is not a spread betting broker, spread betting fees will not apply.
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 |
| ECN trading allows for interbank pricing | Extremely high minimum deposit |
| No commissions because the cost is built into the spread | Limited deposit currencies so that conversion fees may apply for some traders |
| No deposit fees or withdrawal fees from the broker | No Islamic account available |
| Tight, raw spreads |
Conclusion
Baxter FX Fees Spreads and Commission varies according to the account type which the trader is using. Average variable ECN spreads on currency pairs such as EUR/USD are tight, starting from 0.3 pips. Spreads are 0.7 pips for silver and around 0.6 pips for major indices such as the FTSE 100.
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Frequently Asked Questions
How many instruments can I trade with Baxter FX?
Baxter FX offers access to the trading of Currencies, commodities, indices, and other CFDs.
Does Baxter FX offer leverage?
Yes. Baxter FX offers 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.
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.
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