Score
PaxForex
China|5-10 years| https://paxforex.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
PaxForex-Demo Server
GermanyInfluence
C
Influence index NO.1
Portugal 3.25MT4/5 Identification
MT4/5 Identification
Full License
GermanyInfluence
Influence
C
Influence index NO.1
Portugal 3.25Surpassed 62.01% brokers
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 2035040303
+44 203 504 0303
Other ways of contact
Broker Information
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PaxForex
PaxForex
China
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!
WikiFX Verification
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Capital
$(USD)
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WikiFX Data providePaxForex · Company Summary
General Information & Regulation
PaxForex, founded in 2011, is an online Forex broker domiciled in Saint Vincent and the Grenadines. It has been verified that PaxForex is not subject to any regulation. Please be aware of the risk.
Market Instruments
PaxForex offers traders the opportunity to trade currency pairs, gold and silver, stocks and indices in the financial market.
Minimum Deposit
PaxForex offers traders a wide choice of accounts. The Cent account is designed for newcomers who want to experience trading with real money with the least risk. It requires a minimum deposit of only $10 to start but recommends that $100 be deposited. This account is with USD only.
Leverage
When it comes to trading leverage, the maximum leverage offered by PaxForex is relatively high, reaching up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.
Spreads & Commissions
Spreads differ depending on various trading accounts. The minimum spread for the Cent account start from 3.0 pips, 1.8 pips in the Mini account, 0.3 pip in the Standard account, with the minimum spread in the Fix account at 2 pips, and from 0.3 pip in the VIP account.
Trading platform Available
PaxForex uses the popular MT4 platform in web and mobile forms. The platform offers all the benefits of the MetaTrader4 and it accommodates demo accounts as well. The VPS service is also provided, with a fee of $25 per month.
Deposit & Withdrawal
Deposits to traders accounts can be made using bank transfers, credit cards, WebMoney, Neteller, Skrill, Perfect money and other online wallets. Only in USD, EUR, GBP and CHF deposits are accepted. PaxForex does not charge any fees for the external transfer of funds to a Forex account except for Credit/Debit Card deposits, and if used, a 2.5% charge is applied to cover a portion of the total charges made by the card processors involved in the transactions.
Customer Support
The PaxForex Customer Support Team is available 24-hours a day, 5 days a week via Live Chat, Skype, Email, Call Back Request and Telephone.
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