BaxterFXtrade has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Tried to withdraw my funds from BaxterFXtrade and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Cons: Cannot withdraw funds|Not regulated|Pressure tactics
I am in a dispute with BaxterFXtrade over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Professional team|Reliable uptime|Clean UI
Cons: No integrated tax optimization
Do not believe the bonus offer from BaxterFXtrade. The turnover requirement is designed so you can never withdraw. I learned the hard way. I deposited while looking for alternatives to my previous provider and the bonus terms were buried in pages of small print. My fault for not reading but their design is predatory.
Pros: Clean UI|Stable platform|Multiple order types|Competitive fees
Cons: No integrated tax optimization|Currency conversion fee exists
I wanted to transfer my portfolio from another broker to BaxterFXtrade. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Economic calendar|Risk management tools|Educational resources|Instant funding
Cons: No crypto staking|None so far
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that BaxterFXtrade has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Cons: Unauthorized firm|Found in IOSCO warnings database
I have been trying to close my account with BaxterFXtrade for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Automated trading options|Professional team|Dedicated account manager
Cons: Inactivity fee applies after 12 months
BaxterFXtrade locked my account without warning and demanded documents I had already submitted. since I retired last year later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: Real-time alerts|Fast deposits|API access
Cons: Account statements could be more detailed