Baxia Markets brand is operating with two ownership names. One is coming from Seychelles – Baxia Global Limited while the other comes from the Bahamas – Baxia Limited. Even with shady offshore registration, the broker claims to offer segregated bank accounts for deposits.
Even though offshore regulators don’t require them to do so. But to recognize if the broker is reliable or not, read this Baxia Markets Review carefully.
Even though they claim to offer segregated bank accounts for deposits, with offshore brokers you never know. Nevertheless, Baxia Markets claims to be a member of the FSC compensation scheme of up to 20,000 EUR. Yet, this is a self-proclaimed regulator. Instead, you can opt for FCA regulations with a compensation fund of 85.000 GBP.
In any case, you know how easy it is to manipulate these things. Therefore, you should only follow your own gut. But if you experience any irregularity with this broker, contact our team for refund advice.
Baxia Markets wants its traders to rely on their offshore regulations and trust them. They even provide reliable trading software like Meta Trader. But also, other options are not so reliable. Thus, with extremely high leverage and missing negative balance protection, you can easily lose all of your funds. Even get into debt.
With this in mind, you should avoid shady offshore brokers. Instead, opt for Tier 1 licensed ones. But if you experience any problems with Baxia Global LTD, let us know.
With their offshore regulations, they have many restrictions. Primarily due to the highly risky conditions that Tier 1 regulators and the European Securities and Markets Authority don’t allow. But those they mostly work with are:
What’s your experience and residence country? Leave a comment below and let us know if you have any issues.
As can be seen, Baxia forex trading is done on MT5, MT4, Fix API or web trader. It all comes down to personal preference. Thus, many traders choose MT5 due to its high reliability and advanced trading features.
Important to realize is that this broker is missing a few key categories. Such as stocks and cryptos. On the other hand, they provide tradeable assets like:
Account types with Baxia Markets differ mainly in commission and spreads. There are only two options. Thus, both accounts include extremely high leverage and you can start with $100. Those accounts are:
If you are still wondering if is Baxia Markets legit, you can open a demo account first. This way you can test their tools, spreads and reliability. But generally, that’s far from reality when you start trading with real funds.
Baxia Markets has spreads from 1 pip on the Standard account, while for the Zero account, you get as low as 0 pip. But then you can expect a commission of $2.5 per lot per 100k traded. Also, you shouldn’t forget swap fees that are not disclosed. But there’s a calculation available.
Baxia Markets withdrawal methods, fees and processing time are quite transparent. All the fees are fixed at $5 except for bank transfers which can be higher. But with offshore brokers, you never know when the coin will flip. Just think about it, why don’t they offer services to strictly regulated countries?
Primarily, you should contact their regulators. Ultimately, you can apply for their compensation scheme if you think there’s something wrong. But the ultimate solution is to talk to professionals about chargebacks and refunds. In fact, with our team, you can get your first consultation for free if you have any issues. Book yours already today!
Baxia Markets is an offshore broker working since 2020 from Seychelles and the Bahamas.
Yes. The company is regulated by the FSA Seychelles and SC Bahamas. But they don’t have any highly trusted Tier 1 regulation.
Traders can use cards, bank transfers and e-payment options. But if you experience any withdrawal issues with those, contact our specialized chargeback team for advice.
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