Baxter FX review and tutorials

Baxter FX

Detailed Baxter FX Review 2020: Forex, CFD'S and Crypto Regulated Broker

Baxter FX is an Australia based broker, a company specialized in the currency markets that adhere to open the most competitive access to FX markets. Baxter FX was established as a technology group and what is interesting gives access to all the most popular ECNs in reverse bringing absolute flexibility within the largest markets.

Baxter FX

Baxter FX trading information

Bonus
No
Instruments
Currencies, commodities, indices, and other CFDs
Demo Account
Yes
Min. Deposit
50,000 US$
Min. Trade
0.01
Regulated By
CBI, ASIC
MT4 Integration
No
Mobile Apps
Yes
Auto Trading
Yes
Trade Signals
No
Islamic Account
No
Baxter FX

Forex

GBPUSD Spread
N/A
EURUSD Spread
N/A
EURGBP Spread
N/A
Assets
N/A

CFD

FTSE Spread
N/A
GBPUSD Spread
N/A
Oil Spread
N/A
Stocks Spread
N/A

Cryptocurrency

Spread
N/A
Coins
N/A

Official Baxter FX Registration

What is Baxter FX?

Baxter FX is an Australian broker, a company specializing in currency markets that are committed to opening up the most competitive access to FX markets. Baxter FX has been established as a technology group and gives access to all the most popular ECNs, bringing absolute flexibility to the largest markets.

Indeed, Baxter systems have been built on its own proprietary technology, which has proved its reliability and is further adapted to third-party platforms.

What kind of broker is Baxter FX?

Baxter FX delivers execution through ECN, No Dealing Desk model that performs real-time clearing with no dealer intervention delivered no mark-ups based on commission only, high speeds and low latency.

Baxter FX offers both solutions to either a proprietary trader or a fund manager who needs to use the most liquid multi-bank trading platform. What is absolutely unique about Baxter FX is that you can open a clearing account and connect it to different platforms, which means that you can buy from one, sell via another platform.

Pros

  • Globally recognized financial institutions
  • Great trading capacity and technology solutions
  • Fast account opening
  • Fees are based on commission

Cons

  • No 24/7 Support
  • The proposal is primarily for professionals
  • No trading of Forex and CFDs
  • High first deposit
Baxter FX

Summary

HeadquartersAustralia
Regulation ad LicenseASIC
PlatformsCurrenex, Hotspot, FxAll
Instruments
CostsTrading costs are built into commission and based on instrument
Demo AccountAvailable
Minimum deposit50,000$
Base CurrenciesUSD, EUR, GBP or AUD
EducationNot available
Customer Support24/5

Is Baxter FX safe or a scam?

To trade in a safe trading environment, it is crucial to choose a regulated broker with a license from a reputable authority that ensures the security of funds and transparency of the trading environment. In fact, only well-regulated brokers can do so, as the authority constantly monitors the broker’s operation and audits its service on a daily basis, while it will be heavily fined in the event of any infringement.

Pros

  • ASIC is regulated and authorized
  • A global financial firm with a good record
  • Good reputation

Cons

  • No negative balance protection

Is Baxter FX legit?

Baxter FX is an ASIC (Australia) authorized broker that complies with local regulations and sets its operational standard in accordance with the law.

ASIC Regulation the world’s leading authority for Forex and the trading industry, all client funds in Baxter FX are kept in separate accounts so that they can not be used for any other purpose. Baxter FX also complies with strict operating, payment, and trading policies that ensure reliable operation.

Baxter FX

Leverage

Trading with Baxter FX enables you to operate with powerful tool leverage, which gives a possibility to increase potential gains and multiple initial balance in a certain number defined by the instrument.

Moreover, since Baxter is an Australian broker, it means that trading with Baxter FX allows you to use a high leverage ratio of 1:200 or even 1:400 for some instruments that compare to your initial balance.

It is of great benefit that the Australian ASIC Regulation still allows these ratios to be used, as the majority of the world ‘s authorities are sharply restricting the use of leverage. Learn how to use leverage correctly, as leverage can increase your potential losses depending on the instrument you trade, the trading size you would use, so be sure to check all the info before trading.

Accounts

Baxter FX offers account types that are clearly defined by the instrument you will trade.

Pros

  • Fast opening a digital account
  • Specified types of account
  • Accounts PAMM

Cons

  • None

Types of account

Baxter FX Review has two accounts style: Treasure Style and Futures Style, each with a different approach to clearing and reporting. Futures style means each currency is considered to be separate instruments so that trade is effected by offsetting trade in the same currency.

The Treasure style trades are decomposed of two positions, while one is acting in relation to a single currency component. This diversity allows you to take better control of the positions you take and even better reflect the instrument fluctuations.

Although Baxter FX offers extensive PAMM accounts for corporate clients or managers, it offers a unique solution for managing multiple accounts simultaneously.

Baxter FX

How to an account?

You should register on the website and fill out the Client Due Diligence application form online.

  1. Sign the data about yourself or your company
  2. Proof your ID and address or make up of your company
  3. Sign a Prime Brokerage Agreement
  4. Access to your account area, deposit money, and trade

Fees

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. 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.

Pros

  • Raw spread
  • All costs included in the commission charge
  • Commission defined by the instrument and the platform

Cons

  • Fee for inactivity

Commission charge

So the fee depends on which platform you use for execution, as well as the amount traded, while larger trading will bring better trading costs, see example above. However, the Baxter FX Commission is considered to be a good offering among the industry, especially bearing in mind its high exposure to liquidity.

You can also compare fees to another popular Pepperstone broker.

Baxter FX

Deposits and Withdrawal

Once opened, the Baxter FX account will allow you to take control of money transfers, monitor, and manage your account performance.

Pros

  • Deposits of bank wire
  • No fees are waived
  • Multiple base currency

Cons

  • High first deposit

Options for Deposit

Even Baxter FX does not offer many payment methods, including only Bank Wire Transfer, but it is still the most trusted and used way by professional traders. In addition, the investor may choose your basic currency to make money transactions convenient without additional conversion fees.

Minimum deposit

The minimum amount is $50,000, which will eventually be almost unattainable for beginner traders. So, along with the comprehensive trading offering that we have already seen in our Baxter FX Review, it is clear that this broker is a choice for high-volume traders and professionals.

Baxter FX

Withdrawls

Even though Baxter FX does not mention fees when transferring money to or from a trading account, it is always a good idea to check directly with the payment provider if any fees are waived. In fact, transactions depend on many factors and it is necessary to check the laws according to your jurisdiction.

To withdraw the money you should log in and access your trading account area and submit a withdrawal request, usually confirmed within 1-2 business days.

Platforms for trading

The Baxter FX trading process goes directly through your account while you choose any ECN you want to trade, so you can use either the platform of your choice to run a GUI or an API account. BAXTER-FX Clearing has recently offered Currenex, Hotspot, and FxAll and is always looking to add more platforms to offer traders what they need.

Pros

  • Globally recognized financial institutions
  • Great trading capacity and technology solutions
  • Fast account opening
  • Fees are based on commission

Cons

  • The proposal is primarily for professionals
  • High 1st Deposit
  • No Forex and CFD trading
  • No 24/7 Support
Baxter FX

Desktop Platform

As there is a possibility to select your preferred ECN and platform, all your transactions are consolidated in one account and visible in your clearing portal, where all margins and positions can be checked. In other words, the Baxter FX web portal connects all your traders from different platforms via its STP connectivity, allowing them to run simultaneously on different platforms and manage positions from one place to another.

Mobile Platform

The software connected to the platform of your choice, resulting in the fastest possible execution, as well as endless possibilities for your technological development in any way to bring complete freedom to your trading management. Also, you can access the various supported versions of the platform, remain to trade on the go, and gain access to your style in an optimal way. Baxter FX has a truly great customization feature.

However, Baxter FX does not provide industry-standard MetaTrader4, yet you may ask Baxter-FX to provide a platform of your interest.

Trading Reports

Baxter FX

Customer Support Service

Another crucial point is to remain supported by the broker for any concerns you may have, so here Baxter FX is also offering a pretty good proposal as available through Australian working hours. In addition, there is a 24-hour support center in Dublin, so Baxter FX traders and investors are covered by a quality support broker.

Pros

  • Quality support for the customer
  • Live Chat, International Phone Line
  • Quick response and reliable response
  • 24 h Dublin Center for Support

Cons

  • No 24/7 Support

Education

Due to its professional and seasoned business environment, Baxter FX does not provide any learning or educational materials. However, everything necessary for comprehensive and advanced trading is included and delivered directly through the platforms.

The trader will thus gain access to major research tools, defined platforms, streaming news and an integrated range of research materials, indicators, analysis and more.

Pros

  • Demo account
  • Advanced materials available on platforms
  • Comprehensive tools for research
  • Economic Calendar and Indicators, News Feed Built

Cons

  • No education provided

Conclusion

In our Baxter FX Review, we saw a company that offers a truly progressive and very interesting opportunity for a larger trader and professionals as the broker developed its proposal primarily for a proprietary trader. If you’re a beginner, you’d better choose from other brokers that are more suited to your level.

Baxter FX

But for its niche, Baxter FX trading opportunity is truly beyond expectations with its big one-account feature and the ability to run on different platforms at the same time, thus spreading our profits, as well as a large commission that is quite competitive among the industry. And of course, all of this is accompanied by a fully regulated environment that protects your investment from the outset and throughout the entire process.

Baxter FX

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

Baxter FX
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