Baxter FX Review (2023)

Min Deposit

What is Baxter FX?

Baxter FX is an Australia based broker, a company specialized in the currency markets that adhere to opening the most competitive access to FX markets. Baxter FX was established as a technology group and what is interesting gives access to all the most popular ECNs in reverse bringing absolute flexibility within the largest markets.

Indeed, Baxter systems were built under its own proprietary technology that proved its reliability and adaptively connected further to third-party platforms.

What type of broker is Baxter FX?

Baxter FX provides execution through ECN, No Dealing Desk model that performs real-time clearing with no dealer intervention delivered with no mark-ups based on commission only, high speeds and low latency.

Baxter FX offers both solutions either for a proprietary trader or fund manager in need to use the most liquid multibank platform for trading. What is absolutely unique at Baxter FX is that you may open one clearing account and connect it to various platforms, which means it is possible buying at one, selling through another platform.

Baxter FX Pros and Cons

Baxter FX is a globally recognized financial institution with Great trading capabilities and technology solutions, fast account opening, access to various ECNs and fees based on commission.

For negative points, Baxter is rather Proposal is mainly for professionals with high first deposit, there is no Forex and CFDs trading.

10 Points Summary
🏢 Headquarters Australia
🗺️ Regulation ASIC
🖥 Platforms Currenex, Hotspot, FxAll
📉 Instruments FX, Metals
💰 EUR/USD Spread Costs are built into commission
🎮 Demo Account Available
💳 Minimum deposit 50,000$
💰 Base currencies USD, EUR, GBP or AUD
📚 Education Not available
☎ Customer Support 24/5

Is Baxter FX safe or a scam

No, Baxter FX is not a scam, it is a regulated broker by top-tier ASIC with low-risk trading. It is crucial to choose only a regulated broker with a license from a reputable authority that ensures the safety of funds and transparency of the trading environment.  In fact, only well-regulated brokers can offer so, as authority constantly oversees broker’s operation and audit its service on a daily basis, while in case of any violation will be heavily fined.

Is Baxter FX legit?

Baxter FX is an ASIC (Australia) authorized broker which complies with the local regulations and set its operational standard in accordance to laws, you may learn more why trade with ASIC regulated brokers by the link.

In simple words, ASIC regulation as a world leading authority for Forex and trading industry, means all client funds are kept in segregated accounts so the funds can’t be used for any other purpose. Also, Baxter FX complies with strict policies in regards to operation, payments and trading transactions ensuring trustable operation.


While trading with Baxter FX you are able to operate with powerful tool leverage as well, therefore there is a possibility to increase potential gains and multiple initial balance in a certain number defined by the instrument.

Besides, since Baxter is an Australian broker it means that trading with Baxter FX you are able to use high leverage levels like 1:200 or even 1:400 for some instruments comparing to your initial balance.

It is a great benefit that Australian regulation ASIC still allows these ratios to be used, as the majority of world authorities sharply restrict the use of leverage already. Yet, learn how to use leverage correctly, as leverage may increase your potential losses as well and always also depending on the instrument you trade, trading size you would use so be sure to verify all info before the trade.

Account types

Baxter FX offers two account types Treasure Style and Futures Style where each of them features a different approach to clearing and reporting.

Futures Style each currency is considered as distinct instruments so trade is performed by an offsetting trade in the same currency. Treasure style trades are decomposed of two positions while one behaves with respect to a single currency component. This diversity allows you to take better control over the positions you take and even brings better exposure to the instrument fluctuations.

Although, for corporate clients or managers, Baxter FX offers extensive PAMM accounts, with a unique solution for the management of multiple accounts simultaneously.

How to open Account?

You should register on the website and fill in Client Due Diligence application form online.

  1. Sign data about yourself or your company
  2. Supply proof of your ID and address or the make up of your company
  3. Sign a Prime Brokerage Agreement
  4. Access to your account area, deposit money and trade


As for the trading costs, Baxter FX operates a 0 pip spread basis since all your trades are performed via ECN of your choice, so spread is interbank or a raw one. Baxter FX operation costs built into the commission or fees. There are two types of fees paid to Baxter FX, which are divided to Execution Fees and Clearing Fees.

Fees Baxter FX Pepperstone Interactive Brokers
Deposit Fee No No No
Withdrawal Fee No No No
Commission based fee Yes Yes Yes
Fee ranking Low Low Low


There is no spread for Baxter FX service, raw spread is interbank spread provided via ECN and costs are commission.

What is the commission charge?

So the fee is depending on which platform you use for execution, as well what is the amount traded while bigger size trading bringing better trading costs, see example above. Nevertheless, Baxter FX commission is considered a good offering among the industry, especially keeping in mind its great exposure to liquidity.

As well you may compare fees to another popular broker BDSwiss.

Deposits and Withdrawals

Baxter FX account, once open, will allow you to take over the control of money transfers, and monitor and management of your account performance.

Deposit Options

Even Baxter FX does not offer many payment methods, including only Bank Wire Transfer, yet it is the most trusted and used way by professional traders. Also, investors may choose your base currency so that the money transactions will be convenient without extra conversion fees.

Baxter FX minimum deposit

As for the minimum deposit amount, the minimum amount is $50,000 which is eventually almost unreachable for beginning traders. So together with a comprehensive trading offering which we already saw in our Baxter FX Review, it is obvious this broker is a choice for high-volume traders and professionals.

Baxter FX minimum deposit vs other brokers

Baxter FX Most Other Brokers
Minimum Deposit $50,000 $500


Baxter FX does not mention fees for transferring money to or from the trading account, it is always good to check directly with the payment provider in case any fees are waived since transactions depending on many factors and it is necessary to check laws according to your jurisdiction.

How do I withdraw money from Baxter FX?

You should login and access your trading account area and submit a withdrawal request, which typically will be confirmed within 1-2 business days.

Trading Platforms

So the trading process with Baxter FX goes directly through your account, while you choose each ECN you want to trade, so then you use either platform of your choice to execute ether GUI or API accounts. BAXTER-FX Clearing recently offers Currenex, Hotspot and FxAll and always looking to add more platforms so to offer traders what they need.

Pros Cons
Globally recognized financial institution No 24/7 support
Great trading capabilities and technology solutions Proposal is mainly for professionals
Fast account opening No Forex and CFDs trading
Fees are based on commission High first deposit

Desktop Platform

So since there is an option to select your preferred ECN and platform all your trades consolidated in one account and are visible in your clearing portal where all margins and positions may be checked. Meaning, Baxter FX web portal connects all your trader from different platforms via its STP connectivity allowing to execute in various platforms simultaneously and manage positions from one single place.

Mobile Platform

The software connected to the platform of your choice resulting in the fastest possible execution, as well as endless possibilities for your tech development in any aspect in reverse bringing full freedom over your trading management. Also, you can access various supported versions of the platform remain trading on the go and gain access in the optimal way to your style, which all in all we conclude through Baxter FX review as truly great customization feature.

However, Baxter FX does not provide industry-standard MetaTrader4, yet you may ask Baxter-FX so they may provide a platform of your interest, which is truly great.

Trading Reports

Customer Support

Another crucial point is to remain supported with the broker for any concern you may have, so here Baxter FX also offering a quite good proposal as available through Australian working hours.  In addition, there is a support center in Dublin that operates 24 hours, so Baxter FX traders and investors are covered with a quality support broker provides.


Due to its professional and seasoned traders’ environment, Baxter FX does not provide learning or education materials. Nevertheless, all what is necessary for comprehensive and advanced trading is included and provided through the platforms directly.

So the trader will gain access to great research tools, defined by platforms, streaming news and inbuilt range of research materials, indicators, analysis and more.


In our Baxter FX Review we found a truly progressive and very interesting opportunity for a trader of bigger size and professionals since the broker developed its proposal mainly for a proprietary trader or a dung manager. In case you are a beginning trader, you better choose from other brokers more suitable for your level. But for its niche, Baxter FX trading opportunity truly stands beyond expectations with its great one account feature and possibility to execute on different platforms simultaneously, therefore spread our gains, as well as great commission which is rather very competitive among the industry.


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