Paxforex review

Paxforex is an online forex and CFD broker that offers its services to traders across the globe.

Real forex bonuses

Established in 2011, paxforex was formed by a group of professional traders who have worked in managerial positions within other brokerage firms. With vast knowledge and experience, the team aimed to contrive a flexible and reliable trading environment for its clients. Experienced traders can leverage on the powerful trading tools and custom add-ons offered by MT4. The market analysis and other trading tools provided by paxforex are useful to all traders.

Paxforex review

Paxforex is an offshore forex and CFD trading broker that has been around since 2011. The brand offers competitive spreads and the versatile metatrader (MT4) platform. Traders also get access to educational resources, daily market analysis and some useful trading tools. However, it should be noted that trading instruments are limited compared to other online brokers whilst regulations are distinctly lacking.

Paxforex review, pros & cons

Low trading capital of $10 required

Daily analysis, research & recommendations

Multiple account types to suit all level of traders

Multilingual customer support team

Free VPS & training resources

Unregulated broker

Limited trading instruments; less than 100

No US or japanese trades accepted

In this detailed paxforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Paxforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including paxforex.

Paxforex review: summary

Paxforex is an online forex and CFD broker that offers its services to traders across the globe. Established in 2011, paxforex was formed by a group of professional traders who have worked in managerial positions within other brokerage firms. With vast knowledge and experience, the team aimed to contrive a flexible and reliable trading environment for its clients.

Paxforex is owned by ‘laino group’ which is a company registered in st. Vincent and the grenadines. Its head office is in london, UK while it has offices in other locations. The official website is available in 7 languages.

Paxforex claims to be a true STP broker that offers competitive spreads and trade execution speeds. It sources its liquidity from premium banks such as credit suisse, barclays, deutsche, goldman sachs, UBS and merrill lynch. This helps enable the broker to offer variable bid/ask prices with minimal trade slippage. Paxforex trading servers are hosted in equinix data centres which are located in london and new york. This also helps to ensure a speedy connection to exchanges and the various liquidity providers.

Paxforex offers over 70 tradable assets for trading on the popular MT4 platform which accommodates all types of traders and trading strategies. The broker also provides some tools to further assist their clients in their quest to become successful traders. Despite this, they are let down by a lack of regulation and thus it makes it impossible to verify the claims that they make and investors do not have the protection they may have when using a regulated broker.

Paxforex review: regulation

Paxforex is registered in st. Vincent and the grenadines. The broker does not provide its regulatory information. Most traders would prefer not to use an unregulated broker.

Investors’ funds are apparently held in segregated accounts specifically marked as ‘clients accounts’. They claim that these accounts are kept in top rated european banks. Segregated client funds cannot be used for other business purposes such as running costs.

The paxforex trading and transaction environment is protected by a secured socket layer (SSL) which is the standard practice in order to deter internet fraudsters and protect user transactions on the website and platforms.

In compliance with the anti money laundering (AML) policy, all clients are verified before the registration is completed. A government issued ID card and a utility bill is required. Clients are to upload these two documents in order to prove that are real human beings with a registered identity.

Paxforex review: countries

Paxforex states that its services are not for citizens and residents of united states and japan. Some paxforex broker features and products mentioned within this paxforex review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Paxforex review: trading platforms

Metatrader 4 (MT4)

Paxforex offers the popular metatrader 4 (MT4) trading platform to all its clients. This is the sole platform available from paxforex. MT4 is a widely accepted platform by both brokers and traders because of it speed, features and complexity.

MT4 was developed in 2005 by a russian company known as “metaquotes software corporation”. Today, millions of traders from all over the world use the MT4 platform and thousands of custom indicators and expert advisors are available.

The paxforex MT4 platform is available as a desktop application and as a mobile app. Here are a few of the features of the MT4:

It displays the prices of all the tradable assets in real time.

The platform interface is simple, user friendly and easily customised to suit the trader’s preferred layouts, colours and favourite instruments.

Three chart styles including candlesticks, bar and line charts.

All trading instruments can be displayed on charts over 9 timeframes from 1 minute to 1 month.

30 inbuilt technical indicators which can be extended to thousands with additional custom indicators

44 inbuilt analytical tools and objects.

Supports automatic trading through the use of expert advisors (eas).

Price alert notifications via pop-up, SMS & email.

Paxforex review: metatrader 4 (MT4)

Metatrader 4 (MT4) mobile

MT4 is also developed for mobile devices that run on android or ios. The mobile software can be downloaded from the traders’ cabinet area of the paxforex website. The MT4 app is simple and user friendly. It fully integrates with accounts created using the desktop version. Here are some features of the key features of the MT4 mobile app:

Displays the live quotes of all the tradable assets. The list can be customised to show only the trader’s favourite assets.

The app interface, colours and charts are customisable to match the trader’s preference.

It also displays 3 chart styles of all instruments on 9 timeframes, just like the desktop version.

It comes preloaded with 30 technical indicators and 24 analytical tools.

It supports multiple order types including market and pending orders.

Push notifications.

Paxforex review: trading tools

Virtual private serve (VPS)

The virtual private server (VPS) is provided by paxforex for all clients. However, VIP account holders are given free access to VPS while other clients can have access by paying a subscription fee of $25 every month. The VPS is suitable for clients who use complex trading systems like expert advisors (eas), mechanical systems or news traders. The VPS has negligible latency as well as reliable and constant access to paxforex trading servers. A VPS is useul to remotely run trading platforms 24/7 without needing your own computer switched on.

Forex market economic calendar

This is a calendar listing global economic events, dates, times and location. These events have been forecasted to have impacts on currencies or other trading instruments. A trader may make trading decisions based on history, analysts’ forecasts and a host of other factors. The economic calendar is an important trading tool for traders who base their trades on fundamental analysis. It can also be filtered to show only the trader’s choice of events, assets, country, dates, etc.

Paxforex review: economic calendar

Forex fundamental analysis

Paxforex analysts present daily fundamental analysis to its clients. These experts follow the markets and leverage from their vast experience, tools and expertise to arrive at the trading ideas which they serve to the clients. The daily analyses are also delivered by email to clients who subscribe to the trading signals services.

Forex blog

The paxforex analytics department runs a forex blog on the website. This blog is frequently updated with articles posted almost every day. The aim of the blog is to help make traders successful by increasing their trading knowledge. The blog focuses on providing information on some interesting topics in the financial markets. It also provides training articles as well as market analysis.

Forex calculator

This tool is designed to help a trader to determine the pip cost based on the instrument of choice, leverage and lots traded. It offers a simple, fast and efficient way to calculate trading costs.

Paxforex review: trading calculators

Paxforex review: education

Paxforex has a collection of training resources on its website. There are several articles on forex and CFD trading that are grouped as ‘forex trading course’. These article lessons are designed to give beginners a good base to start from. Lessons cover a range of trading topics including market analysis, trade positions, money management, platform and more.

Also, a glossary of forex/CFD trading jargons is provided. The glossary contains over 200 technical trading terms along with their meanings or explanations.

Paxforex review: trading instruments

The number of trading instruments offered by paxforex is rather small when compared to other online brokers. Paxforex offers less than 100 tradable assets compared to some online brokers that provide thousands.

There is a range of major, minor and exotic forex pairs available for trading on the paxforex platforms. In total, there are about 60 currency pairs, 7 equity shares, 2 metals and 4 crypto assets.

Paxforex review: trading accounts & fees

Paxforex has different account types which depend on the trader’s capital. For all accounts, the maximum leverage is 1:500. The following account types are available:

Cent account: the account is created for beginners who wish to have a taste of live forex trading. The minimum opening balance is $10 and it is only available in USD. The lot size is 1,000 and the minimum spread is 2.4 pips.

Mini account: best for new traders who are unwilling to take big risks. The minimum deposit is $100 and the spread starts from 1.4 pips. The margin call is at 10% and the stop out is 5%.

Standard account: this account is best for experienced traders as well as professional traders. The minimum account opening balance is $2,000 and the spread starts from 0.4 pips. Margin call is at 10% while stop out is at 5%.

VIP account: this account type is specifically made for professional traders who need the best brokerage services that paxforex can offer. The spread starts from 0.4 pips and the account opening amount is $10,000. A personal account manager is assigned to account holders and they also get priority execution of orders. Free VPS access is also available to account holders.

Paxforex review: account types

Demo accounts can be created freely from the paxforex traders’ cabinet. During the demo account creation process, the trader specifies the amount of virtual currency he needs which can be up to $1 billion. A demo account allows you to try the different platforms and trading strategies before opening a real trading account.

Swap free accounts are available on request for mini, standard and VIP accounts. Swap free accounts are exclusively for muslims who cannot accept interests by reason of their faith.

As broker fees can vary and change, there may be additional fees that are not listed in this paxforex review. It is imperative to ensure that you check and understand all of the latest information directly from paxforex before opening a trading account with this brokerage.

Paxforex review: customer service

The client support team at paxforex is available 24/5. The customer support desk is multilingual and can be reached on email, phone, fax, live chat and ‘ask your question’ form which is available on the website. Paxforex is also on social media; facebook, twitter, instagram, youtube, telegram and linkedin.

Paxforex review: deposit & withdrawal

Paxforex states clearly that it covers all charges for deposits from $300 and above. The exception is for bank transfers in which the clients’ bank may impose commissions.

Bank wire transfers: this method takes 3-5 working days on the average. The minimum deposit is $100.

Debit/credit cards: all major credit cards are accepted which includes mastercard and visa card. The minimum deposit accepted is $15 but deposits from $300 are not charged any commissions. A minimum of $10 can be withdrawn but commissions of 5.5% are charged. Card deposits are processed instantly but withdrawals take up to 2 days.

Online payments: the electronic payment channels accepted are: neteller, skrill, perfect money, webmoney, QIWI and fasapay. It takes an average of one hour to completely process online transactions. The minimum deposit is $10. Processing fees may be charged depending on the payment method used.

Cryptocurrencies: the crypto payments accepted are bitcoin and ethereum. No deposit fees are charged and the transactions are completed within a day. The minimum payments are 0.01BTC and 1ETH.

Paxforex review: payment options

Paxforex review: account opening

Visit the paxforex website and click on ‘open trading account’ which can be seen at the top of every web page. The form below displays:

Paxforex review: account registration

If you already have accounts with google or facebook, you click on the applicable logo to enable paxforex to receive your profile information from the website. Otherwise, fill the first page of the form and go to the next page to choose an account type, deposit method and deposit amount. The third page is for phone verification where paxforex website automatically sends a code to the registered phone number and the code is required to continue the registration process. The last page is about e-mail verification after which you are logged into the traders’ cabinet where you can download platforms, create more accounts, make deposits, etc.

Paxforex review: conclusion

Paxforex is an online broker that can meet the basic needs of forex and CFD traders. The choice of the user friendly MT4 platform along with the multiple account types help show that paxforex brokerage services are designed for all types and levels of online traders.

The account registration process is fast and easy. There are multiple payment options which include payments with cryptocurrencies like bitcoin and ethereum. Demo accounts are unlimited, free and can be easily be created with a few clicks in the traders’ cabinet area. Newbies can combine the training course on the website and demo account to learn how to trade.

Experienced traders can leverage on the powerful trading tools and custom add-ons offered by MT4. The market analysis and other trading tools provided by paxforex are useful to all traders.

However, there is one big issue and that is the unregulated status of paxforex, which is a huge problem. This is because most forex bloggers, analysts, professional traders and experts always advise against trading with unregulated brokers. Furthermore, the selection of trading instruments offered by paxforex are also very limited compared to most other online brokers.

Please note that trading in leveraged products may involve a significant level of risk and is not suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary.

Min $10 deposit

Paxforex is an offshore forex & CFD broker that has been around since 2011. The brand offers competitive spreads & the versatile MT4 platform. Traders also get educational resources, daily analysis & useful tools. However, assets & regulations are lacking.

Paxforex review

Was paxforex.Com

Paxforex is a forex broker with its corporate flag located in saint vincent and the grenadines. This leaves paxforex free to offer high leverage, up to 500:1 currently.

In terms of platforms, paxforex offers MT4, MT4 mobile, and MT4 multermimal, which permits multiple accounts to be traded simultaneously. ECN accounts are offered. Scalping, news spike trading, and eas are permitted. There is also a copytrading feature available.

Paxforex's support options include an FAQ, phone, email, contact form, and live chat.

Paxforex has been offering forex trading since 2010. In addition to many of the usual cfds offered by many forex brokers, paxforex also has a small number of cryptocurrencies available for trading.

September 2020: the FBI has seized the paxforex.Com domain name. If you have any dispute with paxforex, please submit your information to www.IC3.Gov .

Paxforex is still operating under paxforex.Org

Broker details

established:	2010
address:	1825, cedar hill crest, villa, kingstown, saint vincent and grenadines
contact:	info@paxforex.Org, +44 203 504 0303
regional offices:
regulators:	SVGFSA #201973 IBC 2014 1825
prohibited countries:

deposit methods:

bank wire, VISA, mastercard, bitcoin, ether/ethereum, fasapay, neteller, perfectmoney, qiwi, skrill, uphold, webmoney

withdrawal methods:

bank wire, VISA, mastercard, bitcoin, ether/ethereum, fasapay, neteller, perfectmoney, qiwi, skrill, uphold, webmoney

Live discussion

Join live discussion of paxforex.Org on our forum

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Length of use: 6-12 months

Dear hustler328,
if you have an account with paxforex demo or live you can visit our site paxforex.Org and you will have access to all of your accounts trading terminal and everything is working as usual.

Please note for withdrawal you will need to make a request from your cabinet or get in contact with your manager he/she will help you more.

Length of use: over 1 year

The withdrawal was successfully submitted. And the account support replied to my emails and even the contacted me via phone. It was just a miss-understanding.

They have excellent service and it just need time and patience to resolve any issues.

Please disregard the review below.

Jan 12, 2020 - 1 star since on friday january 4th, 2020 I submitted a request for a withdrawal of $100.00. Then I got a notification, but did not get a confirmation email. So I contacted support via chat and they said they would submitted again to account support. On monday january 6th , 2020, I received an email for the following notification:

Thank you for choosing paxforex as your trusted forex broker.

The amount of 100.00 USD has been deducted from your account xxxxxx55 and sent to bank.

Part of paxforex is about making forex trading easy for our users. The other part is about maintaining quality service delivery, always.

Which one did we fail at? We are here to listen.

Do you plan to continue in the nearest future or would you like to close your account with us?

We’ll really appreciate your reply; it will help us to improve our services!

So far I have not received any amount and no one has replied to my email. How can you trust someone like them, be careful where you place your funds.

Dear roomal ahmadzai,
please send to your personal manager an account number and order number where you experienced an issue with the spread. We will make an investigation if the price was accurate or not at that particular moment.

Also, we would like to pay your attention to the fact that you were our client for the last 2 years. And during this period you were making withdrawals from any of your accounts many times and you received it without any delay.

Roomal, we are always happy to help you with our expertise and service.

P.S. According to the events described, we have compiled a log of your activities. We choose not to post it for privacy reasons.

Best regards,
paxforex team

Paxforex really worked out for me very well. The approval process was thorough but easy to pass and order execution was real quick. I made a nice few thousand dollars in a very short period. I was also able to withdraw all my money (including the profits) with no issues.

The only thing I didn't notice beforehand is that they charge 7% for withdrawing with bitcoin (US customers can only deposit/withdraw using bitcoin due to US regulations so had no other choice available), but I made enough money so it didn't matter too much.

Thanks paxforex team. See you again soon!

I can’t blame pax for the loss of my account I was chasing the trades pax an awesome brokerage.

Mar 21, 2019 - 1 star I have traded live with this company over the course of a year with 3 accounts and it’s always the tragic emotionally deceptive feed worse trading conditions they place the little trader ($1000) mini. I have demo traded like a seasoned pro on mt4 using VPA. My rep over at pax is with this scamming company. He waited for me to lose my money again to tell me about better trading conditions with a $2000 deposit with a standard account. Why is it not the same across the board! UNETHICAL is the correct response. When my account got down to the bare minimum I had no choice but to trade with proper leverage yet that made no difference. When the market went against me 15 pips the amount in the negative was like $20 bucks but when the market went in my favor like 45 pips I was only in the money maybe $6. The way they adjust there feed in the mini is treacherous. I pray that they loose all of there sleep for this robbery. When I questioned will of this his response was that of acquiring a standard account. Then he said they have billions of dollars and they wouldn’t scam me for my little $800. My response to that was “ will your brokerage makes there money on the little stupid trader like me that gets taken on an emotional rollercoaster that your feed is designed and programmed to do just that. PAXFOREX IS A HIGH IMMORAL AND UNETHICAL BROKERAGE. DO NOT TRADE WITH THEM THEY ARE SUPER THIEVES. Make them go hungry and homeless!

Reply by paxforex team submitted apr 10, 2019 dear marcus wayne rauls

We are very sad and sorry to see that

It is all a misunderstanding situation from your side

Our support team and your account manager were in constant communication with you to explain it for you

If you would like you can download your detailed history from the mt4 and compare all the deals with any other provider and you will see that there is no manipulation at all

If you don't know how to download the detailed history please contact our support team to provide it to you

You said it yourself you have been trading with us for almost a year and a half, during this time we were providing you with the best service and recommending for you the best trading conditions according to your investment as you mentioned it as well.

Feel free to contact us if you still need any explanation about your trades

Our customers testimonials

So far, since depositing my $2,000 into my trading account, I have made two trades. I won on both and have made $660 on my $2,000. That's not a surprise to me. What does surprise me is that the execution is fast and without a single requote. I have done only two trades, but I am highly encouraged by the execution speed so far. Both of my recent trades were executed at the price that I saw on the chart and the execution speed was less than one second! Impressive to say the least.

You guys are great and I hope and pray that you guys keep up the good execution speed and good service that you offer.

You guys are way better that liteforex.Com.

You can use this email as a testimonial if you want to. I would love to see this on the testimonial section of paxforex website.

Thanks,

Hilton

"the tree major things that will make and keep me referring people to paxforex are:

1. Their constant innovation and better service through offering their traders a wide range of services. Their support is excellent.

2. Their low spread. I made profit 0f $12,540 in account of $1,500 in one week due to very low spread.I have decided and planned with my family on trading with them for a long time. They are the most profitable broker I have worked with.

3.Their quick respond on deposit and withdrawal. My deposits and withdrawals have never take more than 30 minutes to get completed. I have never have any broker that does that prompt service."

Awura

"one of the things that I truly enjoy about paxforex is their constant innovation. They seem to always work to provide a better service through offering their traders a wide range of services. They have launched a blog which I find very interesting and their trading recommendations have been a very nice feature. Their support is excellent, but honestly you will never require them as their platform is solid and I have never experienced any outage or trading issues. My withdrawals are processed the same day and I very happy to manage my forex portfolio with paxforex."

Daniel

"the tree major things that will make and keep me referring people to paxforex are:
"I have traded with paxforex since my first day of trading. What I like the most about this company is their attentive customer service, which helped me out in learning more about forex. There have been moments I did not profit from my investments, but paxforex always provided relevant marketing insights that helped me to recover losses and profit! I recommend paxforex for all new traders as they are the safest and most professional company to trade with!"

Jaime

"paxforex continuously starts forex contest and I love it! I can join them and earn money to re-invest in my live forex account. They have always been fast with financial transactions and always replied professionally and on time to my emails. I have used other two providers before paxforex and I always had some problems along the way. I am with paxforex since one year and never had a reason to complaint about. AAA+"

Rocco

"I really feel comfortable trading with paxforex. They are easy to get along with and my money has always been 100% under my control. I used another broker in egypt some time ago and noticed how my money was been invested without my approval. This is not happening with paxforex. I recommend it to anyone looking for a professional and reliable forex investment company."

"I have invested $10,000 and already earned $30,000. I withdrew my money and the transaction was processed without any complication. All of my deposits were processed in about 15 minutes and therefore I was able to trade in within minutes. Paxforex has many exciting promotions and an exquisite customer service. I suggest everybody to open a trading account with them!"

"I have had nothing but great experiences with paxforex. I am planning on traded with them for a long time. They are the most profitable broker I have worked with. Also, I was always supported by their customer service, which answered to all of my questions in within 24 hours. They have a great blog that helped and helps me out to identify important trends in the market. Highly recommended."

"I always recommend paxforex to all my friends and colleague and I am always sure the company will never disappoint me. They are always available to help traders, they constantly create forex contests for demo accounts and update their blog to keep up with the main trends in the market in just minutes. I could not desire more from a forex company!"

Jerry

"paxforex has all the infrastructure you need to succeed in forex trading. I have always found it difficult to find a company that is focused on customer service other than making money. I was introduced to paxforex by a friend of mine and this was a turning point for my tradings. I am currently enjoying profitable returns and am planning to open even more accounts with paxforex."

"I have been trading forex for over eight years and have migrated from one broker to another and I was never truly satisfied with their overall services until I ran into paxforex. Their customer service has been outstanding even before I have opened my account. Given that I have had several negative experiences with other brokers I had a lot of questions and paxforex support took their time to answer all of them.
After I have opened my account I was impressed by their fast order execution and I have never experienced slippage. My first withdrawal was processed the same day and without complications. I am glad that I have finally found a broker who offers me a great service so that I can focus my time on trading. Thank you paxforex!"

Paxforex review and tutorial 2021

Paxforex is an offshore broker offering $10 minimum deposits & MT4 trading.

Trade FX with tight spreads & 1:500 leverage.

Trade popular cryptos against the US dollar.

Paxforex is an online broker offering a range of tradable instruments across four account types. In this review, find out about no deposit welcome bonuses, MT4 platform downloads, leverage and minimum payments. Is paxforex the right broker for you?

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US.

Paxforex company overview

Founded in 2011, paxforex, operating under laino group limited, is an offshore broker registered in saint vincent and the grenadines. Catering to traders around the world, the company aims to separate itself from the crowd with fast executions, low spreads and 24/5 multilingual support.

Trading platforms

Metatrader 4

With global popularity among traders, MT4 offers built-in automated trading programs, multiple order types, plus a range of technical and fundamental analysis tools. The user-friendly interface also makes it a favourite with beginners. From the cabinet login area, clients can access:

A customisable interface with dozens of technical indicators

3 types of forex charts: bar, candlestick, and line

9 time-frames for detailed price analysis

One-click trading

paxforex MT4 trading platform

MT4 can be downloaded to windows pcs and mac computers.

Metatrader 4 multiterminal

The MT4 multiterminal allows users to manage up to 100 accounts simultaneously. This option is ideal for investment managers looking to integrate multiple trading operations efficiently. Multiterminal also comes with all of the same features found in the standard MT4 software.

Head to the broker’s website to download the trading platform.

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US. See below for alternative options.

Popular alternatives to paxforex in ukraine

Markets

Users can choose from five asset classes:

Forex – trade popular currency pairs like EUR/USD and USD/GBP

Stocks – invest shares in well-known global companies such as apple and google

Indices – the FTSE 100 and DAX 30, among several other global indices are available

Spot metals – diversify your portfolio with trading in gold and silver

Cryptocurrencies – four big cryptos are on offer, including bitcoin and ethereum

Trading fees

Paxforex offers commission-free and competitive trading conditions compared to brands such as hotforex. Spreads on major forex pairs such as the EUR/USD start from 0.4 pips with the standard account. For indices, spreads start from 9 pips on the FTSE 100. Cryptocurrency spreads start at 3 pips.

Other fees include overnight swap charges as well as an inactivity fee charged to dormant accounts.

Paxforex leverage

The maximum leverage offered across all account types is 1:500. Leverage is an excellent tool if you’re looking to take larger positions than your capital allows. However, it also increases the size of potential losses.

A margin calculator can be found in the trading tools section of the broker’s website.

Mobile apps

Paxforex’s clients can trade on the MT4 mobile app, which can be downloaded for free to any smartphone device, including android (APK) and iphone (ios). The app allows for full account management with just an internet connection. Mobile traders also benefit from dozens of built-in indicators, multiple charts and graphs, plus push notifications and news alerts.

Paxforex MT4 mobile

Payment methods

Deposits

Paxforex offers several fast and fee-free deposit methods, including bank transfer, card payments, e-wallets, and cryptocurrencies. All deposit methods are credited in 1 hour, except for bank transfers which take 3 – 5 working days, and cryptos which take around 1 day. The minimum deposit is $10.

The broker doesn’t charge any deposit fees but will recover intermediary fees for deposits over $300, except for bank transfer. Details of fees charged by card or e-payment systems are listed on the website.

Withdrawals

Most withdrawals are credited in 1 working day, apart from bank transfers which take 4 – 7 business days, and credit/debit cards which take 5 – 15 business days. Again all methods are free on the broker’s side and the minimum withdrawal is $10 across most methods.

Speak to the customer support team using the details below should you encounter any withdrawal problems.

Demo account

A demo account is a great way of gaining experience in forex trading and to practice strategies in a no-risk environment.

Paxforex offers a free MT4 demo account where users can set their own amount of virtual funds. The account is available for an unlimited period of time, as long as you are active on the account. Accounts left dormant for 90 days will be deactivated.

Bonuses & promotions

Paxforex offers a 100% loyalty deposit bonus which matches deposits over $1,200 up to $10,000. The bonus is paid out monthly over 12 months and can be stacked. Also check the broker’s website when you open an account as they occasionally offer no deposit welcome bonuses.

Always check bonus terms and conditions before you start trading.

Regulation

Laino group limited (paxforex) is registered with the financial services authority (FSA) in saint vincent and the grenadines. This is not a reputable regulatory agency and does raise potential scam concerns. We’d recommend considering brokers regulated by more trusted bodies, such as the cysec.

Unfortunately, the broker doesn’t provide any information on whether it segregates client funds in separate bank accounts.

Additional features

Paxforex offers clients a range of educational resources and trading tools for beginners and experts, including:

Forex news and blog

Copy trading service

Educational guides

Economic calendar

Daily forex signals

Forex calculator

paxforex economic calendar

Account types

Paxforex offers four account options, all offering leverage up to 1:500:

Cent – $10 minimum deposit, 2.4 pips minimum spread, 0.0001 minimum lot size, USD account only

Mini – $100 minimum deposit, 1.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account

Standard – $2,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager

VIP – $10,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager, priority execution

Islamic swap-free conditions are also available upon request with the mini, standard, and VIP accounts.

Benefits

Benefits of trading with paxforex include:

Daily free signals

MT4 multiterminal

Copy trading service

$10 minimum deposit

MT4 platform download

100% loyalty deposit bonus

Drawbacks

Problems highlighted in paxforex.Com customer reviews include:

Untrustworthy regulator

Trading hours

Server times for each market are listed below. All times are GMT+2 and GMT+3 in the summer.

Cryptos – 00:00 – 23:59 monday to friday

Metals – 01:00 – 24:00 monday to friday

Shares – 16:30 – 23:00 monday to friday

Forex – 00:00 – 24:00 monday to friday

Indices – varies, check the website

Support

Trading support is available 24/5 in multiple languages:

Email – info@paxforex.Com

Telephone – +44 2035040303

Online contact form – contact us page

Live chat – available in english, russian and thai

Reviews of customer support at paxforex are decent, with reports of reliable staff on-hand to respond to most queries. For the quickest recourse, we’d recommend using the live chat service.

Paxforex is headquartered at suite 305, griffith corporate centre, kingstown, saint vincent and the grenadines.

Security

MT4 uses industry-standard security protocols which include SSL encryption, as well as a dual-factor authentication option at the login stage. Transactions within the client area are also encrypted.

Paxforex verdict

Paxforex offers a good range of assets with low spreads and leverage up to 1:500. The ECN broker also provides a choice of four competitive account types that suit all levels, as well as several deposit and withdrawal options. The only real disappointment is the lack of reputable regulatory oversight.

Accepted countries

Paxforex accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use paxforex from united states, germany, canada, japan, new zealand.

Does paxforex offer a no deposit bonus?

At the time of writing, paxforex isn’t offering no deposit welcome bonus deals. A 100% loyalty deposit bonus is available on payments over $1,200, however. Traders should check the broker’s website for news of future promotions.

Does paxforex accept US clients?

No, paxforex does not accept US clients. The broker does, however, accept clients from most other countries.

What should I do if there’s a problem with my paxforex withdrawal?

Withdrawals can be made from within the paxforex cabinet area but if you need any help you can contact the customer support team by email, phone, or live chat.

Is paxforex legit?

Paxforex is a legitimately registered company, however, it is not rigorously regulated despite 10 years of industry experience. Interested traders should conduct thorough research before depositing money with offshore brokers.

How do I register for a paxforex demo account?

You can register using the link on the main page, which will take you to an online registration form. Once you have filled out your personal details, you will receive an email containing your mypaxforex cabinet and MT4 login credentials. Download the MT4 platform and start trading right away.

Paxforex review (#1 rated broker!)

Paxforex is currently my #1 rated forex broker. I’ve been dealing with this group for over 5 years, and have nothing but positive experiences to report. All of my withdrawals have been fast, on time and the support response times are exceeding my expectations.

They are available in most countries including australia, united kingdom, france, south africa, thailand, hong kong, india, qatar, luxembourg, saudi arabia, italy, kuwait, denmark, sweden, norway and many others. They are currently not available in the united states, germany, japan and new zealand.

Founded in 2010, the paxforex brokerage is located at 1825, cedar hill crest, villa, kingstown, st. Vincent and grenadines. They are regulated by the SVGFSA, and require a minimum deposit of just $10 in order to get started.

Paxforex review

There are many reasons why paxforex is my top broker choice for active forex traders in the countries they’re available. Obviously, my personal experience with the group is what matters most to me, but there are specific features and benchmarks that I require.

Firstly, they provide access to the metatrader 4 platform, which is still the best platform for all forex traders. Over 90% of my accounts are in MT4, and only 10% of them are in MT5. I still don’t see a major reason to utilize the MT5 platform, unless you are doing exhaustive testing of trading strategies. For trading, especially with forex robots, you are best sticking to the MT4 platform as it has a much longer track record of reliability.

Next, paxforex offers incredible execution times with “industry leading datacenters in london (equinix LD4) and new york (equinix NY4).” with these hubs, connected via fibre optic cables, trades are processed fast and efficiently.

Lastly, is their low spreads. I like to make quick trades, frequently scalping the markets with different automated trading solutions, and low spreads are necessary for this. So, it’s perfect that they are able to meet my demands for low spreads even on their cent accounts.

Account types

For traders interested in opening an account with the paxforex brokerage, there are three different account options available. Traders can sign up for a mini account with a minimum deposit of $100. This account offers traders a minimum spread of 1.4 and a minimum lot size of 0.01. Next, there is the standard account which requires a $2000 deposit and offers a minimum spread of 0.4 and a minimum lot size of 0.01. Last is the VIP account, which requires a $10000 deposit and provides traders with a 0.4 minimum spread.

Each account meets market requirements, and is in line with the other top brokers. The broker is very accessible, as traders can start with a deposit as low as $100.

Withdrawals & deposits with paxforex

Earlier in the review I mentioned that the paxforex withdrawals are fast and on time. Now, I’ll walk you through the options you have when using this broker for putting in funds and more importantly taking out your winnings.

When depositing, you will get your funds processed and ready to trade within 1 hour, unless you use a bank transfer which takes 3-5 days. In terms of options, you can use neteller, credit / debit cards, skrill, monye bookers, perfect money, webmoney, QWI fasapay and uphold. There is a small fee depending on the deposit method that you choose.

In terms of withdrawing your funds, it will generally take 1 working day to process. If you use a bank transfer there is an additional 4-7 business days for the bank to process the withdrawal. The same goes for credit cards which will add on an addition 5-15 days.

The minimum withdrawal is 10 USD for most withdrawal methods, with credit cards at 15 USD and bank transfers at 100 USD. The fees are pretty close to what you see in the deposits, ranging from 0% to 5.5% (credit cards). I generally do bank wires for all of my withdrawals.

Leverage

Paxforex provides just about ever leverage possible, going all the way up to 1:500. This is the highest you really ever want to go, as far as I’m concerned.

With 1:500 leverage, you will be able to open very large positions, giving you significantly more buying power than you would on lower leverage accounts.

Educational guides & videos

It’s common for brokers like paxforex to provide education, but rarely is it useful. In this case, there are both guides and videos aimed mostly at new traders. If you already know what you’re doing there’s really nothing much to learn here. It’s really just an effective resource for newbies or traders that want to get a bit of a better understanding of the trading process.

The videos on MT4, and MT4 mobile are great to get better acquainted with the trading platform. The rest of the videos provide helpful tidbits, but nothing that’s going to transform your ability to trade.

For more advanced information on forex trading you are better off here at forex robot nation, or at other well-known resources like forex factory, or babypips.

Technical analysis (forex signals)

While I don’t use it as often as I should, the paxforex blog is filled with forex analysis. In many cases, they will provide traders with free forex signal opportunities. These signals are available to all traders, and while they aren’t as reliable as the best forex signals providers I’ve ranked, they can be helpful when you’re just starting out.

In the example above, you can see the paxforex analyst is recommending traders take a short position on the NZDUSD pair. They provide details as to why they believe this is a viable trade opportunity and include multiple take profit levels.

Likely, this isn’t a resource that you need to rely on, especially if you use the #1 signal service I recommend, learn 2 trade. That being said, it’s nice to have the option, and I appreciate brokers that put forth an effort.

Frequently asked questions

At this time, paxforex is not accepting any US clients. There are many other options for US clients in the forex market like forex.Com, oanda and FXCM just to name a few.

2. Are there any deposit bonuses available?

There are no deposit bonuses available right now, but there’s frequent promotions running. At the time of writing this they have are providing traders with the chance to “spin paxforex new year 2021 roulette” to qualify for a prize.

3. Have you ever had any issues with withdrawals?

Personally, I have never had a single problem with a withdrawal. If you ever run into any withdrawal issues, simply contact support via phone, live chat or email to get help.

Yes, I am confident in this broker and their services.

5. What is the minimum deposit?

The paxforex minimum deposit is $100. This small deposit is great for new traders that just want to play around on a micro account to get a better feel for live trading conditions

6. I heard paxforex was seized, what does this mean?

The broker has an ongoing dispute with the CFTC in the US, which is why they are no longer offering their services to US clients.

Paxforex conclusion

As it stands, paxforex is the #1 rated brokerage here at forex robot nation. There are some areas where they can improve, like with regulation or opening their services up to more countries, but I’m confident that they will take positive steps in these areas soon.

If you are able to use this broker, then I recommend that you do. They provide everything any trader needs in order to be successful. A solid platform, high leverage, tight spreads, top of the line execution times and a fast withdrawal process.

Thanks for reading the review, and please leave your comments and reviews below the article now.

Paxforex review and tutorial 2021

Paxforex is an offshore broker offering $10 minimum deposits & MT4 trading.

Trade FX with tight spreads & 1:500 leverage.

Trade popular cryptos against the US dollar.

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US.

Paxforex company overview

Trading platforms

Metatrader 4

A customisable interface with dozens of technical indicators

3 types of forex charts: bar, candlestick, and line

9 time-frames for detailed price analysis

One-click trading

paxforex MT4 trading platform

MT4 can be downloaded to windows pcs and mac computers.

Metatrader 4 multiterminal

Head to the broker’s website to download the trading platform.

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US. See below for alternative options.

Popular alternatives to paxforex in ukraine

Markets

Users can choose from five asset classes:

Forex – trade popular currency pairs like EUR/USD and USD/GBP

Stocks – invest shares in well-known global companies such as apple and google

Indices – the FTSE 100 and DAX 30, among several other global indices are available

Spot metals – diversify your portfolio with trading in gold and silver

Cryptocurrencies – four big cryptos are on offer, including bitcoin and ethereum

Trading fees

Other fees include overnight swap charges as well as an inactivity fee charged to dormant accounts.

Paxforex leverage

A margin calculator can be found in the trading tools section of the broker’s website.

Mobile apps

Paxforex MT4 mobile

Payment methods

Deposits

Withdrawals

Speak to the customer support team using the details below should you encounter any withdrawal problems.

Demo account

A demo account is a great way of gaining experience in forex trading and to practice strategies in a no-risk environment.

Bonuses & promotions

Always check bonus terms and conditions before you start trading.

Regulation

Unfortunately, the broker doesn’t provide any information on whether it segregates client funds in separate bank accounts.

Additional features

Paxforex offers clients a range of educational resources and trading tools for beginners and experts, including:

Forex news and blog

Copy trading service

Educational guides

Economic calendar

Daily forex signals

Forex calculator

paxforex economic calendar

Account types

Paxforex offers four account options, all offering leverage up to 1:500:

Cent – $10 minimum deposit, 2.4 pips minimum spread, 0.0001 minimum lot size, USD account only

Mini – $100 minimum deposit, 1.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account

Standard – $2,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager

VIP – $10,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager, priority execution

Islamic swap-free conditions are also available upon request with the mini, standard, and VIP accounts.

Benefits

Benefits of trading with paxforex include:

Daily free signals

MT4 multiterminal

Copy trading service

$10 minimum deposit

MT4 platform download

100% loyalty deposit bonus

Drawbacks

Problems highlighted in paxforex.Com customer reviews include:

Untrustworthy regulator

Trading hours

Server times for each market are listed below. All times are GMT+2 and GMT+3 in the summer.

Cryptos – 00:00 – 23:59 monday to friday

Metals – 01:00 – 24:00 monday to friday

Shares – 16:30 – 23:00 monday to friday

Forex – 00:00 – 24:00 monday to friday

Indices – varies, check the website

Support

Trading support is available 24/5 in multiple languages:

Email – info@paxforex.Com

Telephone – +44 2035040303

Online contact form – contact us page

Live chat – available in english, russian and thai

Reviews of customer support at paxforex are decent, with reports of reliable staff on-hand to respond to most queries. For the quickest recourse, we’d recommend using the live chat service.

Paxforex is headquartered at suite 305, griffith corporate centre, kingstown, saint vincent and the grenadines.

Security

MT4 uses industry-standard security protocols which include SSL encryption, as well as a dual-factor authentication option at the login stage. Transactions within the client area are also encrypted.

Paxforex verdict

Accepted countries

Traders can not use paxforex from united states, germany, canada, japan, new zealand.

Does paxforex offer a no deposit bonus?

Does paxforex accept US clients?

No, paxforex does not accept US clients. The broker does, however, accept clients from most other countries.

What should I do if there’s a problem with my paxforex withdrawal?

Withdrawals can be made from within the paxforex cabinet area but if you need any help you can contact the customer support team by email, phone, or live chat.

Is paxforex legit?

How do I register for a paxforex demo account?

Paxforex review and ratings

Availability

Paxforex accepts clients from all over the world, excluding USA and some countries where restrictions apply.

Distinctive features

Simple registration and verification process.

Trading accounts with variable and fixed spreads.

Tight variable spreads on major currency pairs.

Trading instruments

Forex broker offers the following underlying assets for trading.

60+ currency pairs	based on major and minor world currencies.
4 crypto pairs	based on bitcoin, ethereum, ripple, litecoin.
9 indice cfds	based on baskets of different blue-chip stocks.
2 metal spot cfds	based on gold and silver.
40+ stock cfds	based on shares of US companies.

Comprehensive review

Registered in saint vincent and the grenadines, paxforex provides traders with the flexibility of using an offshore-registered broker with straightforward verification requirements, tight spreads, and high leverage of up to 1:500.

Although paxforex is unregulated by any government agency, it has become a popular broker among retail forex and CFD traders, partly due to the fact that it caters to traders from all over the world, including the USA.

Paxforex offers a range of different account types to be sure there is something for every need, from the very small new trader, to veterans in the forex market. In total, there are five trading accounts to choose from:
– cent forex account – the best account for newbies in trading who want to test the water before jumping into trading with both feet. Minimum deposit is just USD 10.
– forex mini account – A good option for new traders with a minimum deposit of only USD 100 and spreads from 1.4 pips.
– standard forex account – best for experienced forex traders with low spreads and a minimum deposit of USD 2,000.
– VIP forex account – ideal for professional traders who can deposit a minimum of USD 10,000, wants low spreads, and a dedicated account manager.

As with most forex brokers, spreads and commissions are generally low with the higher-level trading accounts at paxforex, but are on the high side when trading with beginner-level accounts such as the forex mini account or the cent forex account. Traders who can afford to pay up the higher initial deposit requirements can therefore get a pretty competitive deal with paxforex that is certainly at the same level as what other comparable brokers can offer.

In terms of platforms, paxforex uses the very popular metatrader 4 (MT4) as its only trading platform. This means that traders who are switching over from other brokers are welcomed by the familiar user interface that MT4 offers, which significantly eases the transition. The platform is available in versions for desktop and web, as well as apple and android mobile devices, and as a multiterminal platform for traders who manage several accounts.

When it comes to available trading instruments, paxforex’s offering is quite good with a large selection of currency pairs, cfds based on global share indices and shares of individual companies, as well as gold, silver, and cryptocurrencies like bitcoin, ethereum, ripple (XRP), and litecoin.

As an offshore broker, paxforex accepts deposits and withdrawals via cryptocurrencies bitcoin and ether, international bank transfer, credit & debit cards, or online e-wallets like webmoney, skrill and others. The initial minimum deposit amount is USD 10 or the equivalent in another currency for most payment methods. Note that the broker charges a rather high service fee of 5.5% for withdrawals to credit and debit cards.

A nice extra benefit of using paxforex are the daily forex fundamental analyses that are published for traders to read. Unlike many other brokers that largely focus on technical analysis, this broker does a nice job educating its clients on the important fundamental drivers in the forex market with daily updates, covering both the precious metals market and the most popular currency pairs.

In terms of customer service, we appreciate the 24-hour phone and live chat service available at paxforex. This differs from many other brokers who are only available for their traders during regular business hours. However, we all know that technical glitches and platform issues can happen at any time of the day, which means having customer support available can be critically important. It is, however, unclear exactly which languages support is offered in other than english.

So, let's see, what was the most valuable thing of this article: unbiased paxforex review updated in 2021: read the facts you must know before you open a paxforex broker account for online trading. At paxforex review