Baxter FX Account Types

Baxter FX offers three different account types designed to meet the diverse needs of traders: the Treasury Style Account, Futures Style Account, and Demo Account. Each account type has unique conditions regarding commission, margin calls, leverage, and minimum deposits. The minimum deposit for all live accounts is set at $50,000. The broker operates under ASIC regulation and provides a maximum leverage of 1:200. Notably, there are no deposit or withdrawal fees associated with any of the account types.

• Treasury Style Account: This account decomposes trades into two positions, allowing for greater control over currency components.
• Futures Style Account: In this account, each currency is treated as a separate instrument, with trades affected by offsetting trades.
• Demo Account: A risk-free environment for traders to practice and test strategies without financial exposure.

Baxter FX Broker Account Opening Process

Opening an account with Baxter FX involves a straightforward process, which can be completed digitally:

• Visit the Official Website: Go to the Baxter FX website to begin the registration process.
• Choose Account Type: Select the type of account you wish to open (Treasury Style or Futures Style).
• Complete Registration Form: Fill in the required details, including personal information and contact details.
• Submit Identification: Provide necessary documents for identity verification, such as proof of identity and address.
• Deposit Funds: Make the minimum deposit of $50,000 via bank wire transfer. Note that only bank wire transfers are accepted for deposits and withdrawals.
• Account Activation: Expect activation within 24 to 72 hours after your deposit is processed.

By following these steps, traders can successfully set up their accounts and begin trading with Baxter FX.