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Baxia Markets Broker Review 2024

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Baxia Markets Broker Review 2024
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Investing and trading in financial markets such as the stock exchange, forex, digital currencies in the form of spot or with leverage face a high inherent risk. According to the statistics of all exchanges and brokers, more than 75% of people lose!

Overview
Company:Baxia Markets
Founded:2020
Min Deposit:$10
Max Leverage:1000
Headquarter:Nassau
US Accepted:
About
Baxia Markets is Forex broker registered and regulated in the Seychelles with SD104 license number. This broker offers trading services for over 1000 financial instruments through its Standard, Zero, and Cent accounts.
Contact
Western Rd, Nassau, The Bahamas
Rank and Score
Pros and Cons
Account Types
Platforms
Pros
EAs and hedging are allowed
Competitive spreads starting from 0.0 pips
High leverage up to 1:1000
Various deposit and withdrawal methods
Cons
Relatively new broker
No Top-tier regulation
Not available to US citizens

Baxia Global Limited is a Forex and CFD broker with offices in multiple jurisdictions, including Seychelles, Bahamas, Indonesia, and Cyprus. This broker has 3 main account types, with a minimum deposit of $10 and a maximum leverage of 1:1000.

Baxia Markets Review
A complete review of Baxia Markets offerings for Forex traders

Baxia Markets Company Information & Regulation

Baxia Markets has established itself as a reputable broker by securing regulatory licenses from multiple jurisdictions. This multi-faceted approach to regulation demonstrates the company's commitment to maintaining high standards of operational integrity and client protection.

Here's a breakdown of Baxia Markets' regulatory landscape:

  • Regulated by the Financial Services Authority (FSA) of Seychelles
  • Authorized by the Securities Commission of the Bahamas (SCB) [license number SIA-F234]
  • Global presence with offices in Seychelles, Bahamas, Indonesia, and Cyprus
  • Servicing over 70,000 client accounts worldwide

While Baxia Markets doesnā€™t have licenses from top-tier regulatory bodies, including FCA, ASIC, or CySEC, having SCB and FSA regulations provide traders with an added layer of security

Baxia Markets Broker Summary of Specifications

To give you a comprehensive overview of what Baxia Markets offers, here's a detailed table summarizing the broker's key features:

Broker

Baxia Markets

Account Types

Standard, Zero, Cent

Regulating Authorities

SCB, FSA

Based Currencies

          USD, EUR, JPY, GBP

Minimum Deposit

$10

Deposit Methods

Visa/MasterCard, Stickpay, Bank wired, Neteller, Skrill, cryptocurrencies, Fasapay

Withdrawal Methods

Visa/MasterCard, Stickpay, Bank wired, Neteller, Skrill, cryptocurrencies, Fasapay

Minimum Order

0.01 Lot

Maximum Leverage

1:1000

Investment Options

MT4, MT5 EAs

Trading Platforms & Apps

MT4, MT5

Markets

Forex, indices, commodities, shares, cryptocurrencies, metals, energies

Spread

Floating from 0.0 pips

Commission

From $2.5

Orders Execution

Market

Margin Call/Stop Out

90%/20%

Trading Features

Demo account, Forex calculator, crypto and currency converter, economic calendar, free VPS

Affiliate Program

Yes

Bonus & Promotions

N/A

Islamic Account

Yes

PAMM Account

Yes

Customer Support Ways

Email, live chat, phone

Customer Support Hours

24/5

Restricted Countries

Iran, Syria, North Korea, USA, and more

Baxia Markets Broker Account Types Overview

Baxia Markets offers 3 distinct account types, each tailored to meet different trading needs and preferences:

Account types

Standard

Zero

Cent

Minimum deposit

$10

$1000

$10

Maximum Leverage

1:1000

1:500

1:1000

Spreads

Floating from 1.0 pips

Floating from 0.0 pips

Floating from 1.0 pips

Commission

0

$2.5 per side per 100,000 traded

0

Trading platform

MT4, MT5

MT4, MT5

MT4, MT5

Each account type is designed to cater to different trading styles, risk appetites, and experience levels, ensuring that Baxia Markets can accommodate a wide range of traders.

Baxia Markets account comparison
Baxia Markets account cater to a wide range of traders ranging from beginner to experienced

Itā€™s worth mentioning that Traders can open Islamic Standard and zero accounts for swap-free trading. Baxia Markets also offers a demo account for beginner traders to learn market analysis and trading risk-free.

Baxia Markets Broker Pros and Cons

To provide a balanced view of Baxia Markets, let's examine its strengths and potential drawbacks:

Advantages

Disadvantages

Competitive spreads starting from 0.0 pips

No Top-tier regulation

High leverage up to 1:1000

Not available to US citizens

Various deposit and withdrawal methods

Relatively new broker (founded in 2020)

EAs and hedging are allowed

-

Baxia Markets Sign-Up & Verification Process

Opening an account with Baxia Markets is a straightforward process. Here's a step-by-step guide to get you started:

  1. Visit the Baxia Markets website and click on the "Create Account" button;
  2. Fill in the registration form with your personal details;
Baxia Markets registration form
Enter your full name, country of residence, phone number, and Email in Baxia Markets registration form
  1. Confirm your email address;
  2. Fill-out Baxia Markets application form;
  3. Verify your email address by clicking on the link sent to your inbox;
  4. Complete the KYC (Know Your Customer) process by providing proof of identity (passport or government-issued ID) and proof of residence (recent utility bill or bank statement).

Baxia Markets Trading Platforms

Baxia Markets provides traders with access to the industry-leading MetaTrader platforms:

MetaTrader 4 (MT4):

  • User-friendly interface ideal for beginners
  • Customizable charts and indicators
  • Expert Advisors (EAs) for automated trading
  • Available on desktop, web, and mobile devices
Baxia Markets MT4 trading platform available devices
Baxia Markets MetaTrader 4 trading platform is available on a variety of devices, including Windows, Android, and iOS

Links:

MetaTrader 5 (MT5):

  • Advanced charting capabilities
  • Enhanced backtesting features
  • Access to a wider range of markets
  • Improved multi-threading performance

Links:

Multi-Terminal:

  • Manage multiple accounts simultaneously
  • Ideal for professional traders with clients
  • Offers the ability to excecute traders on different account types at the same time

Baxia Markets ensures that traders have access to powerful and flexible platforms suitable for various trading styles and preferences.

Baxia Markets Spreads and Commissions

Baxia Markets offers competitive pricing across its account types:

Account types

Spread

Commission

Standard

From 1.0 Pips

No commission

Cent

From 1.0 Pips

No commission

Zero

From 0.0 Pips

$2.5 per side per 100,000 traded

Baxia Markets uses a multi-bank liquidity system to ensure tight spreads and fast execution. The broker is transparent about its pricing, with no hidden fees on deposits or withdrawals.

Other fees in Baxia Markets:

  • Over-night swap fees
  • No deposit and withdrawal fee
  • No inactivity fee

Baxia Markets Deposit & Withdrawal Options

Baxia Markets offers a wide range of deposit and withdrawal options to cater to traders worldwide:

  • Credit/Debit Cards: Visa and MasterCard
  • Bank Wire Transfer
  • E-wallets: Perfect Money, Neteller, Skrill, Stickpay
  • Cryptocurrencies: Bitcoin, Ethereum, and other major cryptocurrencies accepted
  • Local Payment Methods: FasaPay, local bank transfers in selected countries
Baxia Markets deposit methods
Baxia Markets offers various deposit and withdrawal methods with low minimum limits

Key points about Baxia Market deposits and withdrawals:

  • Average processing time: 2 days
  • Minimum deposit: $10

Baxia Markets does not charge fees for deposits or withdrawals, though third-party fees may apply.

Copy Trading & Investment Options in Baxia Markets Broker

PAMM (Percentage Allocation Management Module) and MAM (Multi-Account Manager) accounts at Baxia Markets offer flexible investment solutions. PAMM allows investors to allocate funds to professional traders, distributing profits proportionally. MAM provides advanced management tools for handling multiple trading accounts with personalized risk settings, ideal for money managers and investors.

Baxia Markets Bonuses

Baxia Markets offers several attractive promotions to both new and existing clients:

Refer-a-Friend Bonus:

  • Earn up to $1,000 for each successful referral
  • Friends must deposit a minimum of $100 and trade within 30 days

Free Forex VPS:

  • Available for Zero and standard accounts with $500 minimum deposit
  • Ideal for running Expert Advisors 24/7

Baxia Markets Broker Support Channels

Baxia Markets prides itself on providing comprehensive customer support:

  • Live Chat: available on the website
  • Email Support: upport@baxiamarkets.com
  • Phone Support: +44 1392580012

The support team is known for its professionalism and dedication to resolving client issues promptly.

Baxia Markets Restricted Countries

While Baxia Markets serves clients globally, there are certain restrictions:

  • United States
  • North Korea
  • Iran
  • Syria
  • Cuba
  • Sudan
  • Iraq
  • Venezuela
  • Afghanistan
  • Russia
  • Myanmar
  • Crimea
  • Donetsk
  • Palestine
  • Yemen
  • Belarus
  • Libya
Baxia Markets restricted countries
Baxia Markets doesnā€™t offer its services to traders residing in the countries mentioned above

Baxia Markets Broker Trust Scores & User Reviews

Baxia Markets has garnered positive feedback from many traders:

  • Trustpilot Score: 4.5/5
  • Number of reviews: over 250
  • Number of 5-star reviews: Over 88%
Baxia Markets Trustpilot score
Baxia Markets has 4.5 score on the Trustpilot website and actively responds to user complaints

While the overall sentiment is positive, it's important to conduct your own due diligence and consider multiple sources when evaluating a broke.

TF Expert Suggestion

As a Forex broker with over 70,000 users worldwide, Baxia Markets aims to provide high-quality trading services and low trading fees (variable spreads from 0.0 pips and $2.5 commissions).

However, the lack of proper regulation by top-tier authorities, including FCA, ASIC, and CySEC, could be a major drawback for traders who prioritize safety.

FAQs

Is Baxia Markets regulated?

Yes, Baxia Markets is regulated by the Financial Services Authority (FSA) of Seychelles and the Securities Commission of the Bahamas (SCB).

What is the minimum deposit at Baxia Markets?

The minimum deposit is $10.

Can I use Expert Advisors (EAs) with Baxia Markets?

Yes, EAs are supported on both MT4 and MT5 platforms offered by Baxia Markets.

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