Score
Baazex
United Arab Emirates|1-2 years| https://baazexcapital.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 20 7871 5458
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Broker Information
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BAAZ Commercial Brokers LLC
Baazex
United Arab Emirates
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $5000 |
| Minimum Spread | from 0.1 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | $10,000 |
| Minimum Spread | from 0.1 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $5000 |
| Minimum Spread | from 0.9 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $100 |
| Minimum Spread | from 1.4 |
| Products | -- |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | No |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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Baazex · Company Summary
| BaazexReview Summary | |
| Founded | 2022 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Market Instruments | ForexCommoditiesIndicesStocksCryptocurrenciesFutures |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 1.4 pips |
| Trading Platform | MT5 |
| Min Deposit | $100 |
| Customer Support | Email: support@baazex.com |
| Social Media: Facebook, Twitter, Instagram | |
| Online chat: 24/7 | |
Baazex Information
Baazex is a securities firm incorporated in 2022 and registered with the United Arab Emirates. It provides traders with 1500+ trading instruments, in addition to providing 3 kinds of accounts, support MT5, support 0 commission starting. But it is currently unregulated and its safety is not guaranteed.
Pros and Cons
| Pros | Cons |
| 1500+ trading instruments | No regulation |
| Starting from 0 commission | |
| Support MT5 |
Is Baazex Legit?
Baazex, which was registered on its official website in 2022, is currently unregulated.
What Can I Trade on Baazex?
Baazex says it has 1500+ trading instruments. Including foreign exchange, EUR/USD, UK pound/ USD, and Australian dollar/Japanese yen and other currency pairs; stocks of companies such as Apple, Meta, Disney, LVMH and Tesla that can be traded;commodities such as oil, gold, silver and coffee; You can also trade indices; cryptocurrencies and futures.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Futures | ✔ |
| Bonds | ❌ |
| ETF | ❌ |
Account Types
Baazex offers 3 types of accounts-CLASSIC ACCOUNT, VIP ACCOUNT and ECN ACCOUNT.
The minimum deposit range for these three accounts is $100 to $10,000. The starting spread range is 0.1pips to 1.4pips. In addition, only ECN accounts require commission.
| Account Types | Classic Account | VIP Account | ECN Account |
| Leverage | Up to 1:400 | Up to 1:400 | Up to 1:400 |
| Minimum Deposit | $100 | $5,000 | $10,000 |
| Minimum Lots | 0.01 | 0.01 | 0.01 |
| Spread from | 1.4 pips | 0.9 pips | 0.1 pips |
| Commission | No | No | Yes |
| All Strategies Allowed | Yes | Yes | Yes |
| Swap-free Islamic Account Option | Yes | Yes | Yes |
Baazex Fees
The three accounts have a starting spread range of 0.1pips to 1.4pips, and only ECN accounts require commission.
Trading Platform
Baazex offers the MT5 trading platform, which can be used by traders on both desktop and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, Mobile | Skilled trader |
| MT4 | ❌ | ||
| MT5 | ❌ |
Deposit and Withdrawal
The brokerage payment contains BANK TRANSFER, Mastercard, VISA, Skrill, Tether and NETELLER.
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