The 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.

Reviewed broker: Paxforex

Operated by Laino Group

Established in 2011

Location: Saint Vincent and the Grenadines

Regulation: no

Trading instruments: Forex, stocks, indices, commodities

USA traders: not allowed

Trading Conditions

Account base currency: PAXFOREX only accepts deposits in USD, EUR, GBP and CHF

Currency pairs: 67

Free VPS: yes

Demo account: yes

Account types: Mini, Standard, VIP, Cent

slamic accounts: yes

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.

Languages: Bulgarian, Chinese (simplified, PRC), Chinese (Traditional, Taiwan), Czech, Danish, Dutch, English, Finnish, French, German, Hungarian, Italian, Japanese, Korean, Lithuanian, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Ukrainian.

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.

Trading Platforms

MT4 – Online Forex Trading Platform

The Forex Trading Platform is one of the most essential elements forex traders must take into account, when joining any online forex trading company. The MetaTrader 4 platform would serve the purpose as the traders’ working area, thus it should be fully equipped with all best forex trading tools.

Paxforex clients are treated to one of the best forex trading platforms designed for the traders’ advantage, the market leading MetaTrader4.

Benefits of the MetaTrader 4 Platform:

  • Simple und User friendly interface.
  • Customizable view, you can put any group of colors for every forex chart.
  • Three Major types of forex charts: Bars, Candlesticks and Line Chart.
  • Nine timeframes.
  • More than 50 built-in indicators that help traders during the analyzing process.
  • Ability to use as many indicators on one chart.
  • Multiple chart setups.
  • Automated trading, and real-Time data export via DDE protocol.

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. 

Payment Options

Minimum deposit requirement: $100

Payment Methods:

  • Neteller
  • Skrill
  • WebMoney
  • Visa
  • UnionPay
  • QIWI
  • Wire Transfer
  • FasaPay
  • Perfect Money
  • Cashu
  • Ethereum Payments

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). 

Customer Help and Bonuses

Customer support: email, phone, live chat, skype, web form

Promotion: No deposit $7 bonus for new registrations – can only be used for trading

How was the rating of PaxForex performed compared to other brokers? 

This 2024 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.

Paxforex Details

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