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 Sign Up Bonus below.
Baxter FX Sign up bonus – 6 key points quick overview:
Baxter FX Sign-up Bonus- Baxter FX Referral Bonus
- Baxter FX Additional broker bonuses, promotions, and rewards
- Baxter FX Pros and Cons
- Conclusion
- Frequently asked Questions
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Baxter FX Sign-up Bonus
This new restriction forms part of the regulator’s decision to implement stricter client protection measures, particularly with regards to beginner retail traders who are at greater risk of suffering losses on the Forex market.
ASIC joins other regulators such as the Financial Conduct Authority (FCA) and the Cypress Securities and Exchange Commission (CySEC) in restricting the offering of bonuses.
These regulators recommend that brokers incentivize new traders to sign up for an account by offering more competitive trading conditions, such as through tight spreads and low commissions.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
Baxter FX Referral Bonus
Referral bonuses allow existing traders of a given broker to earn greater rewards through referring a “friend” to a broker. The trader is compensated by the broker when this referral results in the friend signing up for a real account.
While referral programs are not restricted by ASIC, Baxter FX does not offer any type of referral bonus or partnership program at this stage.
Baxter FX Additional broker bonuses, promotions, and rewards
Baxter FX does not offer any additional broker bonuses or promotions to new or loyal customers, including trading bonuses, deposit bonuses, or no deposit bonuses.
This is in line with the recent restrictions from the broker’s primary regulator, the Australian Securities, and Investment Commission (ASIC), which implemented broad-based restrictions on the offering of bonuses to traders.
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 | No bonuses on offer |
| Competitive trading conditions |
Conclusion
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.
The regulator recommends that brokers incentivize new traders by offering them more competitive trading conditions.
However, many traders seek out brokers that offer trading bonuses as a boost to their immediate trading potential. Such traders will have to look more towards non-ASIC-regulated brokers.
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Frequently asked Questions
Does Baxter FX offer a sign-up bonus?
No. Baxter FX does not offer a sign-up bonus.
Does Baxter FX offer a referral bonus?
No, not at this stage.
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