Baxia Markets Broker Review 2024

Baxia Markets, Founded in 2020, is a Forex and CFD broker based in the Bahamas. This broker provides trading services for over 70 thousand clients worldwide.

In this comprehensive Baxia Markets review, we'll delve deep into what makes Baxia Markets unique, exploring everything from its regulatory status to its unique features and potential drawbacks.

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 doesn’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:

Baxia Markets Broker Account Types Overview

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

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.

It’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:

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;

3. Confirm your email address;
4. Fill-out Baxia Markets application form;
5. Verify your email address by clicking on the link sent to your inbox;
6. 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

Links:

• Android
• iOS
• Windows
• Mac

MetaTrader 5 (MT5):

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

Links:

• Android
• iOS
• Windows
• Mac

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:

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

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 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%

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 Forex broker with over 4 years of experience, Baxia Markets offers quality services to 70,000 traders worldwide. This platform allows traders to open Standard, Cent, and Zero accounts and trade various instruments in MT4 and MT5 trading platforms.

However, a major drawback that traders must consider before opening an account on this platform is a lack of proper regulation by top-tier authorities, including FCA, ASIC, and CySEC. Traders should always consider the risks of working with a broker before opening an account.