BAXTERFX

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Advantages:

Not found

Disadvantages:

Not found

About company:

Brokerage company BaxterFX has been providing online trading services for over 20 years, since 1996. Has offices in Sydney and Dublin.

The company is based in Ireland and is regulated by the country's Central Bank. All client funds are kept in segregated accounts, which is mandatory for the regulator.

Trading conditions

The company offers 70 currency pairs to trade, including major and exotic pairs, as well as indices, stocks, futures, CFDs and commodities.

The broker does not provide any demo accounts for its clients. BaxterFX executes transactions using ECN / STP technology. It offers ECN, STP and standard accounts for its clients. The minimum deposit to open an ECN or standard account is $ 50,000, which is considered the largest deposit in the industry. While many other companies offer deposits from $ 1. Such a high initial payment makes trading in the company inaccessible for more than 90% of traders.

Among the company's advantages are demo accounts for beginners and those traders who want to try out trading strategies, and PAMM accounts for account managers.

Spreads

Baxter FX provides competitive spreads starting at 0 pips with commissions starting at $ 5. Institutional and professional traders with large trading capital can certainly enjoy some of the lowest spreads. Unsurprisingly, the company does not offer micro or mini accounts for small traders.

Trading platforms

The company offers trading through the Currenex, Hotspot and FXall trading platforms. They are also available for download in the iOS and Android stores. All trading platforms have a user-friendly interface. They allow their clients mobile trading, trailing stop, one-click trading.

Support service

Support channels include phone numbers for Sydney and Dublin offices, email, and a contact form. Various languages can be selected on the site. However, the Russian version of the site does not work.

Ways of payment

There is no information on depositing funds on the broker's website, but most brokers support standard payment methods such as bank transfer and credit cards. Currently, traders can deposit in USD, EUR, GBP or AUD.

Pros:

PAMM and demo accounts; ECN environment; selection of trading platforms.

Minuses:

high initial deposit; no MT4; does not offer micro-lots for trading; the trading conditions on the site are not presented in full.

FAQ - BROKER QUESTIONS BAXTERFX

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Can the broker BAXTERFX be considered honest?
Before any trading and choosing a broker, you should always read reviews on our portal, as well as on other resources. Brokers that are honest have a rating above 3.8. There is also always a risk of losing investments when trading CFDs. Be careful and read the risk warning on the broker's website. BAXTERFX received a rating of 1 out of 5 on our resource.