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Baazex

Seychelles|5-10 years|
Regulated in Seychelles|Retail Forex License|MT4/5 full license|Medium potential risk|Offshore Regulatory|

https://www.baazex.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

Baazex-Demo

Netherlands
MT5
4

Influence

C

Influence index NO.1

Czech Republic 6.04

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
Baazex-Demo MT5
Server Location Netherlands

Influence

Influence

C

Influence index NO.1

Czech Republic 6.04

Surpassed 99.02% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+248 437 3759
info@baazex.com
https://www.baazex.com
CT House, Office 1B, Providence, Mahe, Seychelles

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+248 437 3759

English

+44 20 7871 5458

Broker Information

More

Company Name

BAZ Capital Markets LTD

Company Abbreviation

Baazex

Platform registered country and region

Seychelles

Company website
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WikiFX Risk Alerts
Previous Detection : 2024-03-28
  • The Seychelles FSA regulation with license number: SD134 is an offshore regulation. Please be aware of the risk!

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Baazex · Company Summary

Baazex Basic Information
Registered Country Seychelles
Regulation FSA in Seychelles(Offshore Regulation)
Tradable Assets Forex, Metals, Indices, Futures, Shares, Energies, Commodities and Cryptocurrencies
Trading Platform MT5
Minimum Deposit $100
Demo account Yes
Maximum Leverage 500:1
Customer Support Email: info@baazex.com, Online Chat, Social Media
Payment Methods Bank Transfer, Neteller, Skrill, VISA, MasterCard, Perfect Money

General Information

Registered in Seychelles, Baazex, the trading name of Baazex International Limited, is an offshore forex broker providing easy access to a massive financial market. Traders can trade forex, Metals, Energies, Indices, Futures, Shares, Commodities and more through this brokerage platform.

With the Baazex platform, three trading accounts are available, with the minimum deposit to start trading with this broker starting at $100, and the maximum trading leverage can be used is up to 1:500.

Regulation

Baazex currently is regulated by the The Seychelles Financial Services Authority (FSA) under license no. SD134.

Regulation

Market Instruments

With the Baazex platform, traders can get access to diversified range of trading products, such as Forex, Metals, Indices, Futures, Shares, Energies, Commodities and Cryptocurrencies.

In this way, investors can have the great flexibility to diversify their investment portfolios based on their trading strategy and trading styles.

image.png

Account Types

Baazex provides a total of five trading accounts to suit both retail and professional traderstrading needs: Classic, VIP, ECN, Social Trading, Islamic accounts. in terms of the minimum initial deposit for each account, the Classic and Social Trading account both require a minimum deposit of $100, which is acceptable. While for the VIP and Islamic account, the requirement becomes much higher, reaching up to $5,000. Lastly, the most expensive account, the ECN account ask for an initial deposit of $10,000.

account-types

How to open an account with Baazex?

Opening an account with Baazex is an easy and simple process:

1. Click the “Open Live Account” link, and fill up some required details on the popping-up page.

 account

2. Upload your personal data for this company to verify your details.

3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.

Leverage

When it comes to leverage, Baazex allows its clients to use leverage of up to 1:500, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.

Since leverage can magnify gains as well as losses, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they gain more trading experience.

Spreads & Commissions

Spreads and commissions are tightly associated with account types. Basically, Baazex offers a commission-free trading environment except for the ECN account. The Classic is for all types of traders, with the minimum spread starting at 1.4 pips, same as the Social Trading account. The VIP account charges no commissions, either, with the spread starting at 0.9 pips. The ECN account offers competitive spreads from 0.1 pips, with a certain amount of commission charged.

Trading Platform

Baazex provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Apple, and Android. The MT5 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.

Aside from the MT5 trading platform, a Webtrader and Mobile trading are also available.

trading-platform

Payment Methods

The minimum deposit to invest with Baazex is $100. Baazex allows its clients to make a deposit and withdrawal through multiple payment methods, including Bank Transfer, Neteller, Skrill, VISA, MasterCard, Perfect Money.

payment-methods

Although this broker promises that deposit and withdrawal processing time is up to 24 working hours. Given the fact that this broker is not regulated, investors are not advised to deposit here.

Swap Rates

Traders who hold positions should always consider swap rates as an additional trading cost. Swap rates offered by Baazex are list below:

swap-rates

Customer Support

Clients have any inquiries or trading-related issues can also get in touch with Baazex through the following channels:

Email: info@baazex.com

Online Communication

Or you can follow this broker through Facebook, Twitter, and Linkedin.

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

User Reviews

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7

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Avondale McAllister
more than one year
Baazex hooks you up with five different trading accounts, suiting everyone from newbies to the big shots. The Classic and Social Trading accounts are chill with a $100 minimum deposit, perfect for us regular folks. But watch out, the VIP and Islamic ones want more serious dough, starting at $5,000 and going up to a hefty $10,000 for the ECN account. Make sure to pick the one that vibes with your cash flow and trading game. Baazex got options, just gotta find the right groove, ya feel?
2023-12-06 10:44
Reply
0
0
FX1527880527
more than one year
Baazex provides diverse trading options, from Forex to Cryptocurrencies, allowing flexibility in portfolio building. However, the offshore status and lack of regulation pose risks that traders should be mindful of.
2023-12-05 13:46
Reply
0
0
moaasd
6-12months
Amazing Team
2023-06-07 15:10
Reply
0
0
顶 尖 人 脉
more than one year
Baazex helps to trade forex. I want to say that it does it at the highest level. The Metatrader5 trading platform executes my orders quickly and without slippage. It is very important. Because the money that I will earn depends on it.
2023-02-20 15:10
Reply
0
0
FX1099203112
more than one year
Although the trading conditions offered by Baazex look very good, I decided not to trade with it, because security is a matter of principle. My friend taught me the hard way, never choose a broker that is not regulated.
2022-12-06 09:53
Reply
0
0
开心每一天69707
more than one year
1:500 leverage, 150+ products to trade, tight spreads, ultra-fast execution and mt5 platform! Their official website advertises very well! But from the demo account, the spread is not as low as they say.
2022-11-29 14:18
Reply
0
0
FX1063839282
more than one year
DON’T TRUST THIS BAAZEX PLATFORM. It is just an offshore broker. Before I started real trading, I tried its demo accounts, and everything looked so satisfying. However, its real trading conditions are just so terrible, wide spreads, arbitrary slippage, unresponsive customer support… I’ve lost $3,000 on this platform. Trust me, guys.
2022-11-29 13:54
Reply
0
0
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