Forex brokers rating. Find out what brokers traders trust.

This web resource is meant for accomplished traders who are interested in changing their broker and also beginners who are in search of their first broker. Every visitor to ForexRating can compare forex brokers available in the market nowadays and choose the best company to suit their needs. Apart from a comparative analysis of forex brokers, the web resource contains an honest rating of forex brokers which are ranked entirely on the grounds of your votes. By ForexRating, you can judge a degree of trust that traders put in a particular forex broker.

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BaxterFX reviews

6/10 (votes 2374)

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On-line since: 1996
Country of origin: Ireland
Regulation: ASIC, the Central Bank of Ireland
Payment options: bank transfer
Minimum account size: $50,000
Minimum lot size: 0.01 lot
Leverage: -
Spreads: -

BaxterFX is an innovative group of the best performers and technologies specializing in foreign exchange markets. As stated on the company`s official website, its mission is to open access to the most competitive and liquid foreign exchange markets in the most efficient way. The broker entered the Forex market in 1996 and since then, gained extensive experience. According to the website, BaxterFX has offices in Dublin and Sydney. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Central Bank of Ireland.

Trading conditions

BaxterFX is an ECN broker which requires its clients to deposit at least $50,000. Currently, deposits are accepted in US dollars, euros, pounds sterling, and Australian dollars. The company offers to trade the following trading instruments: CFDs on stocks, options, and precious metals. Of course, not every trader can deposit such an amount as seed capital. Using such a high initial deposit requirement, the broker limits cooperation with novice Forex traders. Besides, there is no opportunity to open a demo account. Apparently, the company policy is focused on professional traders.

Trading platforms

BaxterFX offers its customers to conduct trading through the following platforms: Currenex, Hotspot, and FxAll.

Support service

Baxter FX customer support is available 24/7 via email or phone. On the website, there are no pop-ups or a live chat that would allow you to consult in real time.

Deposit and withdrawal of funds

BaxterFX has a limited choice of payment methods. Clients can replenish their accounts or withdraw funds only through bank transfers, since it is quite difficult, risky, and cost-ineffective to transfer money through electronic services or credit cards.

Advantages and disadvantages

Advantages:

regulated broker
extensive experience in the Forex market

Disadvantages:

high minimum deposit
no demo account
limited choice of deposit/withdrawal methods
no detailed information on support service
no regular bonus programs

Conclusion

We cannot recommend you trade with Baxter FX due to the obvious problems related to inflated minimum deposit requirements, reduced leverage, and lack of support for small account holders. If you are not a major trader who uses huge sums of money for trading in the Forex market, you should consider other brokers that require lower initial trading capital.

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Comments about broker

Fendy trader

review BaxterFX

06-09-22

I have 10 years of experience with forex, and I found BaxterFX as the most professional and reliable broker. The services they provide are good and beneficial for traders. The trading platform is good, stable, and has executions on time. They also offer good trading tools for traders. The platform has a real-time also real price as in the market, I can assure you they are not a market player. I joined BaxterFX in 2015, and now my trading is still going on there. BaxterFX is my favorite broker, and I so recommend BaxterFX.

Maiyo trader

review BaxterFX

25-11-21

I'm so happy with my experience trading with BaxterFX. BaxterFX is a professional broker that runs the business seriously. They have a high minimum deposit, but their services for client is so nice. Their MT4 platform is awesome and easy to use. It works well with real-time quotes, low spreads, and fast and accurate execution. Client support is also helpful and professional. I have made a profit many times, I use FasaPay to make withdrawals, and they always process it on time and fast. I have never been afraid of trading with them since I joined them because they are trusty broker as far I know. I really recommend BaxterFX to all traders.

Evan trader

review BaxterFX

26-10-21

To be honest, the trading conditions of BaxterFX is not favorable to beginners at all. This broker might only be great for professional traders. For one, they don't offer demo trading at all. Second, the minimum initial deposit is too high, Lastly, their customer support service is not that impressive. They don't respond quickly to queries.

Uaddup trader

review BaxterFX

06-05-21

BaxterFX is truthful and a great broker that I ever know. Actually, I have accounts on four other brokers now including BaxterFX, and I also traded with many other brokers earlier, but nobody can do an honest business like what BaxterFX does. Speedy execution even for my heavy trades, no requote, competitive commissions, pretty reliable, and works hard to make their clients happy.

Trader Hasyim trader

review BaxterFX

04-03-21

BaxterFX is a professional and promising broker. I have ten years' experience in the trading field, and I can say that BaxterFX is suitable for expert traders. They have good and professional trading conditions. The platform is working well and has a real price as in the market. Spread is fixed and good leverage. Order executions are instant, as I always got the right positions when I close an order. They are also providing useful trading tools. For deposit and withdrawal process is always on time and efficient. Trading cost is cheap, and they don't take a hidden commission. I would like to recommend BaxterFX to all professional traders.

Diclaim

Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds.

Make sure you possess sufficient skills and experience for this activity and are aware of possible risks.

BaxterFX reviews

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