Baazex Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-10-21 17:03

Abstract：Baazex, headquartered in the United Arab Emirates since 2022, offers a wide array of trading assets including Forex, Indices, Shares, and Commodities. With leverage options up to 1:400 and a user-friendly MetaTrader 5 platform, Baazex accommodates traders globally. Its 24/5 accessible customer support and 0 commissions provide convenience and cost efficiency. 　　However, Baazex operates without regulatory oversight, potentially posing risks regarding transparency and investor protection. Additionally, limited educational resources and high minimum deposit requirements for certain account types may impact accessibility and trader development.

BaazexReview Summary
Founded	2022
Registered Country/Region	United Arab Emirates
Regulation	No regulation
Market Instruments	ForexCommoditiesIndicesStocksCryptocurrenciesFutures
Demo Account	✅
Leverage	Up to 1:400
Spread	From 1.4 pips
Trading Platform	MT5
Min Deposit	$100
Customer Support	Email: support@baazex.com
	Social Media: Facebook, Twitter, Instagram
	Online chat: 24/7

Baazex Information

　　Baazex is a securities firm incorporated in 2022 and registered with the United Arab Emirates. It provides traders with 1500+ trading instruments, in addition to providing 3 kinds of accounts, support MT5, support 0 commission starting. But it is currently unregulated and its safety is not guaranteed.

Pros and Cons

Pros	Cons
1500+ trading instruments	No regulation
Starting from 0 commission
Support MT5

Is Baazex Legit?

　　Baazex, which was registered on its official website in 2022, is currently unregulated.

What Can I Trade on Baazex?

　　Baazex says it has 1500+ trading instruments. Including foreign exchange, EUR/USD, UK pound/ USD, and Australian dollar/Japanese yen and other currency pairs; stocks of companies such as Apple, Meta, Disney, LVMH and Tesla that can be traded;commodities such as oil, gold, silver and coffee; You can also trade indices; cryptocurrencies and futures.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Stocks	✔
Cryptocurrencies	✔
Futures	✔
Bonds	❌
ETF	❌

Account Types

　　Baazex offers 3 types of accounts-CLASSIC ACCOUNT, VIP ACCOUNT and ECN ACCOUNT.

　　The minimum deposit range for these three accounts is $100 to $10,000. The starting spread range is 0.1pips to 1.4pips. In addition, only ECN accounts require commission.

Account Types	Classic Account	VIP Account	ECN Account
Leverage	Up to 1:400	Up to 1:400	Up to 1:400
Minimum Deposit	$100	$5,000	$10,000
Minimum Lots	0.01	0.01	0.01
Spread from	1.4 pips	0.9 pips	0.1 pips
Commission	No	No	Yes
All Strategies Allowed	Yes	Yes	Yes
Swap-free Islamic Account Option	Yes	Yes	Yes