BAXIA MARKETS -Some Important Details about This Broker

General Information

Registered in the United States, Baxia Markets is a forex broker providing easy access to a massive financial market, Forex, Shares, Cryptocurrencies, Indices. With the Baxia Markets platform, investors can get access to two trading accounts: Zero and Standard, and the maximum trading leverage that can be used is up to 1:500.

Baxia Markets is not authorized or regulated by any regulatory authority. Please be aware of the risk.

Market Instruments

With the Baxia Markets platform, four classes of trading instruments can be traded, such as Forex Pairs, Indices, Metals, Energy.

Account Types

Baxia Markets provides two types of trading accounts, Standard and Zero. The standard account is an ideal choice for traders who prefer conventional spread pricing without having to deal with commission fees in their trading types. The Zero account is more suitable for professional traders and scalpers who are looking for the lowest spreads available. Two types of trading accounts provide different offerings concerning spreads, commissions, and account services.

Apart from live accounts, demo accounts and Islamic accounts are also available for beginners to try this platform and practice their trading skills.

How to open an account with Baxia Markets？

Opening an account with Baxia Markets is an easy and simple process:

1. Click the “Create Account” link, and fill up some required details on the popping-up page.

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, Baxia Markets allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are tightly associated with account types. Average EUR/USD spreads on the Standard account are at 1.0-1.2 pips, with no commission charged, while on the Zero account, average spreads at 0.0-0.2 pips, coming with a commission of $7 round-turn per standard lot.

Trading Platform & Tools

Baxia Markets boasts that it gives two trading platform options, MT4 and MT5. Some additional tools include MAM/PAMM, MultiTerminal, Forex VPS, and FIX API.

Educational Resources

Some educational resources can be used with the Baxia Markets platform, including an Education Center (Intro to Financial, Trading Basics, Managing Risk), Economic Calculators, Forex Calculators.

Payment Methods

Several payment methods from the most traditional credit/debit card to local deposits methods for clients.

Credit/Debit Card-minimum deposit: $50 USD, 30-60 min (for funds to appear into the account)

STICPAY-minimum deposit: $50 USD, 30-60 min (for funds to appear into the account)

AstroPay-$50 USD, 30-60 min (for funds to appear into the account)

Local Bank Transfer- minimum deposit: $50 USD, 2-5 business days for funds to appear into the account

Customer Support

Baxia Markets relies on its FAQ section to give clients some assistance, and you can find basic ways to cope with most trading-related problems.

If you need staff service, you can try to get in touch with Baxia Markets through the following channels:

Telephone:

United Kingdom: +44 1392 58 0012

Australia: +61 73040 6007

Hong Kong: +852 8170 0166

Mexico: +52 29690 3332

Or you can join the community of this broker on some social media platforms, such as Twitter, Facebook, Instagram and Linkedin.

Restricted Regions

Baxia Markets does not accept US clients. US CFTC regulation prevents US clients from trading with brokers outside the US. Baxia Markets complies with International regulations.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.