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Baxter-FX Fees and Spreads

Baxter-FX Fees and Spreads

 

Overall Rating

4.4/5

Rated #11 of
Recommended FX Brokers

💰Minimum Deposit

USD 50 000

🌐 Regulators

ASIC 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Baxter-FX spread and commission fees start from US Dollar 5.00 with spreads from 0 pips. Baxter-FX does not provide enough information in terms of deposit fees or withdrawal fees involved when transferring money to or from the trading account.

 

Baxter-FX fees and spreads start from US Dollar 5.00 per US Dollar 1,000,000 traded.

The non-trading fees that Baxter-FX charges are determined by the volumes traded and with the platform that the trader uses. While Execution Fees on all platforms are US Dollar 5.00 per US Dollar 1,000,000 traded, FxAll fees are US Dollar 3.90 per US Dollar 1,000,000 traded.

 

Clearing fees that are charged according to the average daily volume and can be broken down as follows:

  • US Dollar 15.00 per million traded on a daily volume of 0 – 25 million.
  • US Dollar 10.00 per million traded on a daily volume of 25 – 50 million.
  • US Dollar 8.00 per million traded on a daily volume of 50 – 250 million.
  • US Dollar 6.00 per million traded on a daily volume of 250 – 500 million.
  • US Dollar 5.00 per million traded on a daily volume above 500 million.

 

Baxter-FX has a low and incredibly competitive spread when compared to what other brokers offer by offering a spread list of 0 pips along with commissions charged at US Dollar 1 for volumes below 100,000 units when using the Hotspot trading platform.

Baxter-FX only offers traders the option of a single live clearing account when registering, which allows access to connect to various platforms simultaneously.

The minimum deposit that Baxter-FX requires to open an account is US Dollar 50,000 which is a significant amount when compared to other brokers and is unattainable for beginners. Thus Baxter-FX is the perfect choice for high-volume traders and professionals.

 

Other Fees

 

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

Traders should always note that Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day.

Baxter-FX does not offer the option of an Islamic account to traders who are of Muslim faith and who operate under Sharia Law.

Baxter-FX does not offer traders spread betting and therefore spread betting fees do not apply to this broker.

Baxter-FX does not provide enough information in terms of deposit fees or withdrawal fees involved when transferring money to or from the trading account.

Traders are advised to ensure that there are no fees waived by their payment provider in terms of depositing funds from their bank account to their trading account in addition to transaction costs when withdrawing funds and having them transferred to their bank account.

 

You might also like: BAXTER-FX SIGN UP BONUS

You might also like: BAXTER-FX DEMO ACCOUNTS

You might also like: BAXTER-FX MINIMUM DEPOSIT

You might also like: BAXTER-FX ACCOUNT TYPES

 

Overall Rating

4.4/5

Rated #11 of
Recommended FX Brokers

💰Minimum Deposit

USD 50 000

🌐 Regulators

ASIC 

📱 Trading Desk

No Trading Desk

Crypto

Yes

📈 Total Pairs

55

☪️ Islamic Account

Yes

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Pros and Cons

 

✔️PROS ❌CONS
 Tight and competitive spreads  High minimum deposit
Fixed commissions on trades  No Islamic/Swap-Free account offered
Commissions charged per volume traded Broker not suitable for beginner traders

 

FAQ’s

 

How many instruments can I trade with Baxter-FX?

You can only trade Forex with this Baxter-FX.

 

Which platforms are supported by Baxter-FX?

Baxter-FX provides the following popular trading platforms:

  • Currenex
  • Hotspot
  • FXall

 

Does Baxter-FX offer leverage?

Yes.

Baxter-FX offers maximum leverage of up to 1:200.

 

What spreads can I expect with Baxter-FX?

Spreads from as little as 0 pips.

 

Does Baxter-FX charge commission?

Yes.

Commissions are charged from as little as at US Dollar 1 for volumes below 100,000 units when using the Hotspot trading platform. Commissions are determined by the volume traded and the trading platform that is being used.

 

Is Baxter-FX regulated?

Yes, Baxter-FX is regulated by the highly reputed Bank of Ireland, the ASIC in Australia.

 

Is Baxter-FX a recommended Forex trading broker for experts and beginners?

No, Baxter-FX offers a good trading environment only for experts.

 

What is the overall rating out of 10 for Baxter-FX?

4/10

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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