Baxter FX Review – Is Baxter FX Scam or Legit?
Baxter FX Review
Baxter FX is an online brokerage firm based in Sydney, Australia. The broker was founded in the year 2012. Since its inception, the broker is providing its forex trading services worldwide. The broker helps the traders to get access to the financial markets that have specialized in competitive exchange of currencies. It connects the traders to all the famous ECNs thus adding to the flexibility of some of the largest FX markets. This article provides a detailed Baxter FX review that will help the readers to understand the features and policies provided by the broker that makes it one of the reliable brokers in the international market.
Is Baxter FX a Scam?
No, Baxter FX is not a scam. It is regulated by one of the most reputable and trusted authority in Australia, the ASIC. It follows all the rules and guidelines set by the regulating body. It ensures that the assets and funds of the customers are safe and kept in segregated accounts. Holding a license of a reputable regulatory authority ensures the transparency and security of the assets.
Charges and Fee
Baxter FX charges the fee from the customers that is categorized into two parts, the Execution fee and the Clearing Fee.
The execution fee is the fee charged by all the FX broker for every million traded. It charges 5 USD per every million. The clearing fee is charged by looking upon the average daily volumes in million. The broker also charges minimal amount of commission as compared to the other brokers in the financial market.
Trading Platform
The trading platform helps the traders to carry out the trade process by using the electronic devices available in any region of the world. These platforms can be accessed through the mobile phones both iOS and Android, tablets or the desktop web.
Baxter FX provides three different trading platforms to its customers so that they can trade easily. The trading platforms include, FXAll, Hotspot and Currenex. All of these platforms are equipped with user friendly interface and advanced techniques and tools. They can be accessed through the Android or iOS stores and be used easily.
Bonuses
The bonuses offered by the firms to the customers are the way to ensure them that their funds are secured with the broker and to build the confidence among the customers. In this way, the firms also attract new customers. Many firms offer forex bonus, sign up bonus or deposit bonus to its customers. However, no such information about any bonus is available on the website of Baxter FX.
Awards and Recognition
Winning an award in the financial sector, makes the profile of the firm better in the international market. Baxter FX has however not won any award or recognition yet.
Trading instruments and Markets
Baxter FX allows the trading of multiple products and entities in the international market. These include stocks, futures, indices, cryptocurrencies, forex, commodities, metals and energy. The broker also offers trading over more than 70 currency pairs.
Education and Training Resources
To trade logically and technically, one should train oneself regarding the procedures and the techniques involved in trading to have a better analysis of the market conditions and fluctuations.
Baxter FX website does not offer any such educational resources or training sessions for the customers especially the beginners. The customers should by themself explore different educational websites and train themselves. The official website of the broker however provides a FAQ session that solves the major queries of the customers. Moreover, the demo account offered by the broker also provides a good opportunity to the traders to learn and train before initiating proper trading.
Conclusion
Baxter FX is a licensed broker regulated by the reputable ASIC. It provides trading services worldwide by providing convenient trading platforms to the traders. The broker though lacks some basic services for the beginners, but it is still striving for better opportunities to facilitate the customers.
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