The www.paxforex.com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US. At the moment broker owns domain org.
PaxForex Company Overview
Reviewed broker: Paxforex
Registered company: Laino Group Limited
Established in 2011
Location: Saint Vincent and the Grenadines
Regulation: no
USA traders: not allowed
Payment options: Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer
Why PaxForex
The Most Reliable Platform
One of the most advanced trading platform. MetaTrader 4 is the ultimate trading tool and traders across the globe rely on it each day for all their trading needs.
Fast Execution
Our IT Infrastructures has been deployed within industry leading datacenters in London (Equinix LD4) and New York (Equinix NY4) thus connecting our servers to those of the Major Exchanges and Liquidity Providers via fibre optic cables to bypass the Internet congestion.
High Leverage
Leverage is essentially the borrowing of capital to increase your returns of investment. In the forex industry, a forex broker can «lend» capital to a trader, allowing the trader to open a much larger position, just as if they had a much larger trading account than they actually do.
Low Spreads
Our electronic pricing engine allows us price updating every currency pair three times per second, and thanks to this our prices reflect the current global forex market levels.
Fast Deposit/Withdraw
Our Accounting and Support Team working hard to guarantee our clients fast deposit and withdrawal speed. We proceed 90% of all our deposits within 7 min and for 75% of our withdrawals, it takes less than 30 min to reach the client’s account
Zero Commission on Deposit
PaxForex broker does not apply any deposit fees, all fees are made by card processor or by electronic payment systems. PaxForex recovers all fees for deposits of $300 or above (except for a Bank transfer).
Trading platforms: MetaTrader 4
Demo account: yes
Account base currency: PAXFOREX only accepts deposits in USD, EUR, GBP and CHF
Currency pairs: 67
Customer support: email, phone, live chat, skype, web form
Free VPS: yes
Account types: Mini, Standard, VIP, Cent
Forex mini account
Forex Account designed for new forex traders. Allowing to trade Forex without exposing clients to high risk. The minimum deposit is 100 USD. Has competitive Forex spreads.
Standard Forex Account
Forex Account funded at 2000 USD and up to 9 999 USD and is appropriate for experienced as well as professional Forex traders with a distinctive knowledge of the Forex. Has lowest forex spreads, allowing to trade Forex, Gold, Silver.
VIP Forex Account
Forex Account funded at 10 000 USD and more. It is designed for experienced and professional Forex traders who are ready to trade significant volumes. Has lowest Forex spreads, allowing trading Forex, Gold, Silver, plus direct access to their own personal Account Manager, through phone, chat or email.
Cent Forex Account
Designed for newcomers who wants to get an expirience of real money trading with lowest risks. Cent forex account is a perfect way to adjust your own trading strategy, or expert advisor testing with the broker trading conditions.
Islamic accounts: yes
Minimum deposit requirement: $100
Promotion: No deposit $7 bonus for new registrations – can only be used for trading
Minimum position size: 0.01 lot
Maximum leverage: 1:500
Variable spread: yes
Spread starts from 1.4 pips
Hedging: yes
Scalping: yes
Expert Advisors: allowed
Trailing stop: yes
One click trading: yes
Mobile trading: yes
Automated features: yes
Margin call: 10%
Stop out level: 5%
The PaxForex offers modern 5 decimal quotes for majors currency pairs and 3 decimal quotes for majorJPY (Japanese yen) crosses.
How was the rating of PaxForex performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on PaxForex FX broker performance and features.
Overall our online PaxForex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online PaxForex or you find inaccurate details PaxForex broker review please get in touch with us and the changes will be applied.
