BAQuote

General Information & Regulation

BAQuote says to be a trading name of BAQuote Ltd. – an offshore company based on the Marshall Islands. As a matter of fact the local authorities on the Marshall Islands simply do not pay attention to the forex industry, so any broker registered there, does not have a legit forex license and does not have to report to anyone.

Market Instruments

Tradable financial instruments available on the BAQuote platform include currency pairs, commodities, indices, metals, shares.

Minimum Deposit

When it comes to minimum initial deposit, BAQuote requires traders to deposit at least $50 to start trading. Although this is the reasonable amount, given the fact that this broker is an unregulated broker, trader should stay away from it.

Leverage

BAQuote offers the high trading leverage, reaching up to 1:500. Leverage magnifies the returns from favorable movements in a currency's exchange rate. It is important that forex traders learn how to manage leverage and employ risk management strategies to mitigate forex losses.

Spreads & Commissions

In terms of spread and commissions, BAQuote does not make this part clear. Legit brokers would clearly displays their trading conditions, while unregulated brokers tend to hide them to scam traders.

Trading Platform Available

When it comes to trading platform available, what BAQuote offers is the widely recognized and famous MT5 trading platform.

Deposit & Withdrawal

There is no payment methods related information mentioned on the BAQuote official website. Most brokers would support some common funding options like Wire transfer, Visa, MasterCard, as well as e-wallets methods including Skrill and Neteller.