Independent rating of Forex broker BAXTER FX

About company

Baxter FX is a brokerage company established in 1996. The broker’s headquarters are in Ireland. The company is regulated by the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). In this regard, the company’s activity in the foreign exchange market should comply with a large number of regulatory requirements, especially when it comes to ASIC, as it has an effective regulatory framework system that reduces opportunities for fraud.

Trading conditions

• end-to-end transaction processing
• over 70 currency pairs, including stocks, futures, indices, commodities, and CFDs
• access to the most popular ECNs
• treasury or futures-style reporting
• position margin across all platforms and all currencies
• sophisticated PAMM module
• real-time risk management
• commission is charged starting from $5

Trading platform

For convenient and versatile trading, Baxter FX offers its clients three trading platforms: Currenex, FXall, and Hotspot. All of them have a user-friendly interface, as well as provide easy access to mobile trading, trailing stop, and one-click trading. Additionally, all these platforms offer access to ECN through secure trading protocols that guarantee minimal latency and rapid order execution. Currenex, FXall, and Hotspot are available for download in the iOS and Android stores.

Support service

Clients can contact Baxter FX support service via a phone featured on the company’s official website, email, or a feedback form.

Traders’ reviews

Having studied the reviews of traders about Baxter FX, it is difficult to draw a firm conclusion. Many users call the broker decent and are sure that they will never find more attractive trading conditions. Others, on the contrary, accuse Baxter FX of fraud, stating that the company interferes in the withdrawal process.

Advantages:

• low spreads
• demo account
• Electronic Communication Network (ECN)
• wide selection of trading platforms
• quick withdrawal of funds

Disadvantages:

• high initial deposit
• malfunctioning trading platforms
• lack of mini and micro accounts
• lack of micro lots
• lack of MetaTrader 4 trading platform