Baxia Markets Review – Key Features, Main Pros And Cons

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.

Broker status:	Regulated
Regulated by:	SCB, FSA
Operating Status:	Active trading company
Known Websites:	https://baxiamarkets.com/
Blacklisted by:	N/A
Owner:	Baxia Global Limited, Baxia Limited
Headquarters Country:	Seychelles, Bahamas
Foundation Year:	2020
Online Trading Platforms:	MT5, Fix API, Web trader
Mobile Trading:	Available
Minimum Deposit:	$100
Deposit Bonus:	100% welcome bonus
CFD Trading Option:	Yes
Crypto Asset Trading:	No
Available Trading Instruments:	Forex, Indices, Commodities
Maximum Leverage:	1:500
Islamic Account:	Not available
Free Demo Account:	Available
Accepts US clients:	US clients are not accepted
Global Fraud Protection Experts’ Verdict:	After the disappearance, all the doubts about this broker are confirmed. This bogus scam is exposed and we advise you to apply for a chargeback as soon as possible.

Is Baxia Markets Legit?

Indeed, this broker is regulated by the institutions they claim to be. In this case FSA Seychelles and SC Bahamas. Thus, offshore regulators just require you to deposit a certain amount of money to get the license. In this case $50.000. While the UK regulator requires 730K EUR. It would be a very nice touch if this broker had any Tier 1 license. Such as FCA, BaFin or ASIC. Yet, they don’t.

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.

Traders Experience With Baxia Markets

On one hand, BaxiaMarkets reviews on Trustpilot are quite positive. But to have in less than 2 years, more than 250 comments and 92% positive ones, that looks like a bubble. But let’s not jump to a conclusion.

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.

How Does Baxia Markets Work?

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.

Who Are Baxia Markets Clients?

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:

• Indonesia
• Malaysia
• South Africa
• United States
• India

What’s your experience and residence country? Leave a comment below and let us know if you have any issues.

What Are Trading Platforms Available?

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.

Is the Baxia Markets Mobile Trading App Available?

Indeed, mobile apps with Baxia Broker are available. Whether you are an iOS or Android user, you can enjoy all functionalities in one place. To understand better importance of a trusted mobile app, read our ApmeFX review as well.

What Financial Instruments Does The Platform Include?

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:

• Forex – USD/JPY, USD/SEK
• Commodities – gold, natural gas
• Indices – DAX30, FTSE100

Account Types Offered by Baxia Markets

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:

• BX Zero
• BX Standard

Can a Trader Use Baxia Markets Demo Account?

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 Fees, Spreads, Leverage and Commission

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.

Is the Baxia Markets Welcome Bonus Available?

In fact, yes. Baxia Markets offers up to 100% bonus funds on the first deposit. Of course, the bonus policy claims that you can’t withdraw bonuses. Also, there’s a risk that nothing would be available for a withdrawal. If the profits are made with bonuses. More about bonuses can be found in our TMGM Review.

Is Baxia Markets Withdrawal Possible?

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?

What Should I Do If I Have a Baxia Markets Problem?

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!