Company profile
BAXIA MARKETSReview SummaryFounded2016Registered Country/RegionSeychellesRegulationFSA (offshore), SCB (revoked)Market InstrumentsForex, precious metals, crypto CFDs, energies, indices, commodities, sharesDemo Account✔LeverageUp to 1:1000SpreadFrom 0 pipTrading PlatformMT5Minimum Deposit$10Customer SupportUnited Kingdom: +44 1392 58 0012Bahamas: +1 242 457 2211Seychelles: +248 4373509Physical Address: CT House, Office 5E Providence, Mahe, Seychelles.Live chatRegional RestrictionsUSA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen, Zimbabwe and North KoreaBAXIA MARKETS Information BAXIA MARKETS, founded in 2016, is a brokerage registered in Seychelles. The trading instruments it provides cover currencies, precious metals, indices, energies, cryptocurrencies, stocks, commodities.Pros and ConsPros Cons Live chat supportOffshore regulation risksMultiple trading instrumentsRevoked licenseMT5 trading platform supportedNo Islamic trading account offeredDemo account availableRegional restrictionsIs BAXIA MARKETS Legit? BAXIA MARKETS has two types of licenses, which are FSA License, and SCB License. But it is only regulated by FSA in Seychelles because the current status of SCB License is revoked.Regulated AuthorityCurrent StatusRegulated CountryRegulated EntityLicense TypeLicense NumberThe Seychelles Financial Services Authority(FSA)Offshore RegulatedSeychellesBaxia Global LtdRetail Forex LicenseSD104The Securities Commission of The Bahamas(SCB)RevokedBahamasBaxia LimitedRetail Forex LicenseSIA-F234What Can I Trade on BAXIA MARKETS? BAXIA MARKETS offers traders the opportunity to trade more than 1000 CFD instruments, which are forex, precious, metals, crypto CFDs, energy, indices, commodities, shares.Tradable Instruments Supported Forex✔Commodities✔Stocks✔Cryptocurrencies✔Indices✔Futures❌Options❌Account Types BAXIA MARKETS provides 3 types of accounts, which are BX Standard, BX Zero, BX Cent. The minimum deposit is $10. The spreads are as low as 0.0 pips.BX StandardBX ZeroBX CentMinimum Deposit$10$1000$10Leverage1:1000/1:1000SpreadsLowAs low as 0.0 pips/Commission/Maximum 2.5 per lot side/BAXIA Fees BAXIA charges a maximum of 2.5 per lot side for BX Zero Account. The spreads are as low as 0.0 pips.Trading Platform BAXIA MARKET's trading platform is MT5 trading platform, which supports traders on PC, Mac, iPhone and Android.Trading PlatformSupported Available Devices Suitable forMT5✔PC, Web, MobileExperienced tradersMT4❌/BeginnersDeposit and Withdrawal Unfortunately, the broker did not disclose any information about deposit and withdrawal method on the official website.
0xJayce
Nigeria
i had a trade that was running in 630 usd profit. i tried to close the trade but couldn't. i was eventually able to close the trade but instead of receiving my total profit, the broker only gave me 235 usd. i have complain and they told me they would fix it, its getting to a week now and support isn't replying me anymore. i also have a trade that was on 70 usd profit, broker refuse me to close the trade. i tried everything i could to close the trade but it didn't work. i complained to support and we both tried everything he suggested to close the trade but it didn't work. i couldn't close my trade. support said i shouldn't worry, that he has transferred me to financial team that would reply in 6 hours time and if anything happens to the trade, they would take responsibility for it. financial team fixed the problem 7 hours later when the trade is against me. i have been waiting for response to get my profit paid to me. no response. i had a videos recorded of everything that happened and all evidence needed which i forwarded to the support email. they told me they can’t pay me my money. this broker is fraudulent
Exposure
2024-06-08