Baxia Markets group includes 2 related companies.
Baxia Markets BS - located in the Bahamas, regulated by the Securities Commission of the Bahamas (SCB).
Baxia Markets SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Baxia Markets group accepts clients from all over the world, excluding USA, Cuba, Sudan, Syria and North Korea.
Forex broker offers the following underlying assets for trading.
|50+ Currency Pairs||Based on major and minor world currencies.|
|14 Indice CFDs||Based on baskets of different blue-chip stocks.|
|7 Metal CFDs||Based on Gold, Silver, Platinum and Palladium.|
|3 Energy CFDs||Based on Crude Oil (WTI, Brent) and Natural Gas.|
Baxia Markets is a relatively new forex broker set up in 2020 with registered offices in two popular offshore jurisdictions, namely the Bahamas and Seychelles. The broker offers high trading leverage of up to 1:2000, and trading on the popular MetaTrader 4 & 5 (MT4/MT5) platforms.
The instruments that are offered by Baxia include all of the popular forex pairs, a selection of most major stock indices, as well as precious metal and energy CFDs. Strangely, this forex broker does not offer any single stocks, nor any cryptocurrencies, and we therefore believe the selection here is somewhat limited.
All instruments offered by Baxia can be traded on either MT4 or MT5, which are the only two trading platforms this broker supports. In addition, however, a FIX API solution is offered for users who prefer to connect with the broker through other third-party platforms.
Worth noting is that the broker in addition to these platforms also has partnered with third-party service providers such as the copy trading platform ZuluTrade and a social trading module for MT4 known as Myfxbook.
The types of trading accounts new clients with Baxia Markets can choose from include the BX Zero account with spreads from 0 pips and commissions of USD 7 per round-turn per lot, or the BX Standard account with spreads from 1 pip and no commissions.
As always, the commission-free account type is the most suitable choice for beginners and those trading with a small account, while the commission-based (ECN-style) account is best for experienced traders with more capital.
Money can be deposited with Baxia and trading accounts can be opened in either US dollars, Australian dollars, euro or British pounds. The payment methods that the broker accepts are credit and debit cards (Visa/MasterCard), Neteller, Skrill, international bank wire transfers, and for some regions other local payment methods.
The minimum deposit amount is USD 50 or the equivalent in another currency regardless of which payment method is used. Baxia does not charge any fees for processing payments from clients.
For any support needs, Baxia can be reached via local phone numbers in the UK, Australia, Hong Kong and Mexico. In addition, email and a live chat option is of course also available, with the latter said to be open 24 hours a day on all trading days.
In conclusion, it should be reiterated that Baxia is an offshore forex broker in every sense of the word, with no presence in traditional “onshore” jurisdiction. As a result, the broker is only lightly regulated by the government in the countries it is registered, which could become a problem if users ever were to face difficulties with the broker.
As we have said before, it is therefore important that all traders make sure they fully trust a broker before sending money to it, and this is especially important with offshore-based forex brokers.
Lastly, it should also be added that we would have liked to see this broker offer more trading instruments to their clients. In particular, we are missing the opportunity to trade single stocks and cryptocurrencies - instruments that most other forex & CFD brokers offer these days.
This is the best broker I've used so far and I'd recommend them due to their fast order execution and tightest spreads.
With Baxia Markets I have received first class customer service. They offer good spreads and leverages, with fast withdrawals. Very nice broker.
Baxia market is a trusted forex broker. Withdrawals and deposits are very fast and spreads are lower compared to other brokers.
With Baxia Markets I have received first class customer service. They offer good spreads and leverages, with fast withdrawals.
Baxia Markets has low spreads and fast order execution. No requotes. Recommended broker.
This is the best broker that i used so far and i'll recommend this because of their fast execution and minimal spread.
Highly recommend this broker. Baxia is the most honest and generous broker. This no deposit bonus as well, it is legit and withdrawable up to a $100. I thank Baxia very much for the good faith and wish the company every success!
This is a good broker. Lowest spread and fast deposit and withdrawal.