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Baxia Markets Review 2023
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Baxia Markets Review 2023
Baxia Markets is a relatively new CFD and forex broker, with two registered entities providing global trading services. The online brokerage offers 75+ instruments on the industry-established MT4 and MT5 platforms. This 2023 review will cover Baxia Markets corporation details, trading technology, account types, live price quotes, and more. Find out whether our experts recommend opening an account with Baxia Markets.To get more news about baxia markets review, you can visit wikifx.com official website.
Company Details
Baxia Markets was founded in 2020 by forex industry professionals. The trading group offers a range of instruments, spanning currencies, indices, cryptos, energy, and metals, alongside localized customer support, competitive trading fees, low latency (~30 ms), and various international payment methods.
The industry-renowned platforms are available for free download to Windows and Mac devices or can be used via a web-based profile. MT4 is best suited to beginners while MT5 offers more advanced trading tools and analysis features for experienced traders.
Spreads, Commissions & Fees
Fees vary depending on account type and instrument. Baxia Markets offers industry-leading spreads with its ECN connectivity. Pricing quotes consist of 20+ superior banks and liquidity sources.The Bx Standard account offers zero commissions. Instead, variable spreads apply. When we used Baxia Markets, we were offered average spreads of 1.4 pips on the EUR/GBP currency pair and 1.2 pips on the USD/JPY pair.
The Bx Zero profile offers raw spreads and applies a commission-based fee structure. This is charged at an average of $7 per round-turn lot. Day traders can expect spreads as low as 0.0 pips during periods of high liquidity.
Leverage Review
Baxia Markets offers substantial margin trading opportunities, with leverage up to 1:500. This means if you deposit $100 in your live account, you can access $50,000 in buying power.Of course, this sounds great from a potential profit perspective, but leveraged trading can significantly increase losses. With this in mind, make sure you take a sensible approach to risk and money management.
The margin call / stop out level is 90% / 20%.
Mobile App
Both the MT4 and MT5 platforms can be used on mobile devices. These are available for free download to iOS, Android, and Huwaei phones and tablets.You can access the full suite of features and functions found on the web trader and desktop terminals. This includes real-time interactive charts with zoom and scroll, an extended version for iPads, plus access to complete trading history. You can also set live push notifications and SMS alerts for the latest price movements.
Baxia Markets Demo Account
A free demo profile is available to prospective Baxia Markets clients. Only the MetaTrader 5 (MT5) platform is available with the paper trading account. Nonetheless, we were able to access unlimited virtual funds with flexible leverage up to 1:500.Demo accounts are a great way to practice trading risk-free, with all the features and functionality of a live profile. They are also an effective way to test-drive a potential broker before depositing funds.
When signing up, you will need to complete the standard online registration form, with the option to open a paper trading profile once registered.