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 Minimum Deposit below.
Baxter FX Minimum deposit – 6 key points quick overview:
Baxter FX Minimum Deposit- Baxter FX Deposit fees and deposit methods
- Step by step guide to depositing the minimum amount
- Baxter FX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the Baxter FX Minimum deposit as well as the pros and cons as well as features that are offered to traders.
Baxter FX Minimum Deposit
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.
Baxter FX Deposit fees and deposit methods
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.
Such a high amount of money is difficult to process for many online payment providers.
As such, many online e-wallets have numerous restrictions regarding depositing and withdrawing large funds of money, particularly due to the anti-money laundering policies that are in place in different global jurisdictions.
With regards to the accepted deposit currencies, Baxter FX lists the following:
| ➡️️ USD |
| ➡️️ EUR |
| ➡️️ GBP |
| ➡️️ AUD |
While this is a good enough selection of deposit currencies, many smaller currencies are not accepted, so that broker depositing in currencies like ZAR/Rand will incur conversion fees.
As such, prospective traders should contact the broker’s client support with regards to these fees, especially as it will pertain to conversion rates on a particularly high minimum deposit.
Step by step guide to depositing the minimum amount
Baxter FX does not provide any information on its website with regards to the steps needed to make a deposit into a trading account.
However, the broker’s high minimum deposit can only be funded through bank wire transfer, so that client support will assist traders directly in funding this amount.
When depositing a high amount of money via bank wire transfer, traders will need to expect a longer processing period, particularly for those funding from international bank accounts.
Baxter FX is well-regulated by ASIC and provides a high level of deposit security. Client funds are stored in segregated accounts with top tier banks, and the broker also participates in a compensation scheme.
This scheme is designed to cover clients in the unlikely event that the broker suffers insolvency.
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 |
| Well-regulated broker with a high level of deposit security | Extremely high minimum deposit of $50 000 |
| Limited deposit currencies | |
| Limited deposit methods |
Conclusion
Baxter FX minimum deposit amount to open a real trading account is $50 000/R800 00 ZAR. Deposits with Baxter FX can only be made via bank wire. Deposit activation can be up to 72 hours. As such, many online e-wallets have numerous restrictions regarding depositing and withdrawing large funds of money, particularly due to the anti-money laundering policies that are in place in different global jurisdictions.
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Frequently Asked Questions
What is the minimum deposit for Baxter FX?
The minimum deposit amount for Baxter FX is 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 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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