On-line since: About the company: Established in 1996, brokerage company BaxterFX has been providing online trading services for over 20 years. Baxter FX has offices in Dublin and Australia and is deemed to be regulated by the Central Bank of Ireland. All customers' funds are stored in segregated accounts. This is required by the regulator. Trading conditions The company offers 70 currency pairs for trading, including basic and exotic pairs, as well as indices, stocks, futures, CFDs and commodities. BaxterFX executes deals using ECN and STP technologies. The company offers ECN, STP and standard accounts for its clients. The minimum deposit necessary to open an ECN account or a standard account is $50,000. It is considered a large deposit in the industry. Many other companies require deposits from $1. Such a high deposit requirement makes trading inconvenient for over 90% of retail traders. The advantages of the company include demo accounts for beginners and those traders who want to try out trading strategies, as well as PAMM accounts for account managers. Spreads Baxter FX provides competitive spreads starting from 0 pips with a commission of $5. Institutional and professional traders with access to a large trading capital can certainly enjoy one of the most economical trading costs in the market. It is really disappointing that the company does not offer any micro or mini account option for smaller traders. Trading platforms The company offers such trading platforms as Currenex, Hotspot and FXall. They are also available for download in the iOS and Android stores. All trading platforms have a convenient interface. Users can enjoy mobile trading, trailing stops as well as one click trading. Support service Baxter FX provides phone numbers of offices in Sydney and Dublin, email support and feedback forms. On the website you can choose different languages. Payment Methods Information about funds depositing is not provided on the broker's website; however, most brokers support such standard payment methods as wire transfer and credit cards. Currently, traders can deposit in USD, EUR, GBP or AUD. Pros:
Cons:
1/10
(votes 2184)
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I am not happy with BaxterFX Forex broker as they just automatically closed by margin call my account on last Tuesday was due to a sudden spike and the market has reversed to a profitable situation. All my month's effort, time and money were all gone. I called their support and they are not willing to help out. I wouldn't recommend BaxterFX.
I feel so satisfied to trade with Baxter FX. They manage to live up to its reputation. It maintains excellent brokerage services and even improves them further. I am glad that I decided to choose Baxter FX broker because I have had no trouble making my trades at all since I joined them.
Actually, I am fed up with the BaxterFX broker. As I can not place an order on USD/JPY pair with 3 lot sizes with a Stop Loss at 44 pips distance. But after an hour the order executed Stop Loss at 76 pips and I lost $248 just in an hour. Immediately l make a call at their customer center support but they refuse to adjust this loss. This fault is not from my end so why should I take liabilities. How I can get my money back from the BaxterFX broker? Please help me!
At first, I was doubtful about the PAMM system that BaxterFX offered but after seeing the results for the past six months, all I can say is that this is a worthy investment. I am definitely earning better now that I am subscribed to the PAMM system.
I'm so satisfied trading with Baxter FX. I have been trading with them for 6 months. The trading environment is true ECN, and the spread is also very low. I made an easy profit here and requested to withdraw fast approved without any hidden commissions. Customer support also always responds quickly and answers all of my questions. They are an excellent and honest broker. I would recommend this broker.
I tried BaxterFX for four months and this is one of the most evil brokers I've ever traded. Everything was okay in their demo account, but started real trading with $650 then something doubtful started. Their Currenex terminal started to frozen each time I open a trade. I noticed that they made false spike on major pairs . During the last month BoJ interest rate announcement time I got 47 pips spike on EURJPY pair. After trading for four months I lost about $ 487. I have to switch BaxterFX broker now.
The PAMM system at BaxterFX is impressive. I invested on it three months ago and my account is looking far better than before. I am now having consistent profits which was hard for me to do because of my lack of skills. This program is a great idea.
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