Paxforex reviews

Advantages: everything is amazing advantages: fast execution , withdrawal , customer support , learning and sooo

Real forex bonuses

All Customer Reviews & Comments about PaxForex Forex broker, paxforex reviews.

All customer reviews & comments about paxforex forex broker

Advantages: 1. Best spreads 2. 1-day withdrawals 3. Quick response by support team 4. 1;500 leverage

Disadvantages: this broker as zero bad points that I can find.

Comment: there is no reason that you shouldn't be choosing this broker

Hello everyone feel free to reach out to mr barry on barrysilbert540@gmail.Com if you need help or guidance on how to recover your lost fund using good strategy and how profitable trades is been done. And also if you want to recover your lost funds using his masterclass strategy he can help you. I'm earning $10,250 weekly using his masterclass.. You can also reach him out on whatsapp +447508298691. You can also reach out on this email expert.Traders4u@gmail.Com.

Advantages: paxforex - quality service!

Disadvantages: disadvantages have all. But there are no significant problems here.

Comment: when I chose my broker, with whom I will trade, I started by reading reviews about the broker. What was my surprise when absolutely different people wrote directly opposite comments. As a result, I registered an account with them. I began to trade with small amounts to check how the technical part of the broker, and the possibility of withdrawing money from the account. And now I say the facts - you can trade here, even with the help of "scalping". The money is withdrawn on the same day as ordered for withdrawal from the account.

Apparently for this reason the broker has a good attitude to the traders. I myself am still trading here and I'm not going to change the broker. Why do this, if there are all the conditions for trade. I am amazed by people who, in pursuit of better conditions, open an account in other companies, and then start on the forums to write their dissatisfied comments because the broker cheats them. Here everything is very clear and clear. No cheating on the part of the broker.

Disadvantages: I didn't find anything

Comment: this broker has a fast MT4 terminal. For me, this fact is significant. To positive characteristics, it is necessary to add a low spread and a great variety of trading instruments. Of all the promotions, only "loyal deposit bonus 100%" was used. Now I will say what I miss here. There are not enough virtual currency pairs (crypto-currencies) in this broker. A broker is good, if we generalize.

This is my fifth broker, and the first one that isn’t a scammer. Yes, I was really lucky to find it. Moreover, the minimal deposit is really the one that allows performing the broker testing. So did I. I deposited that sum. 10 USD, I believe, and checked just everything: platform, orders, support, money withdrawal. All worked very smoothly for me. Then, I made a bigger deposit. Nothing changed. Now, am trading with normal money, and am still happy with the broker.

I never believed that i could make $15,000 every week trading on binary after i almost went bankruptcy with so much loss. Now i can say that there are still good people in this world all thanks to mr. Mason binary/forex strategy . Which i currently use. I have never known any loss since i met mason. To my fellow traders still losing trade, contact him on the email masonluis950@gmail.Com for help or contact him via whatsapp on +917090099093

Comment: I was looking for an ordinary honest broker, no frills. The broker corresponds to all my parameters. At the moment I continue to trade here. The platform is usual - MT4 (no brakes). Spreads are really good here, as the broker promises - from 0.4 points. I trade mostly with the EUR / USD pair, and the real average spread is 0.6. There were no technical problems here. Nothing supernatural, but it's what I need.

Advantages: best broker support ever

Comment: paxforex is an amazing platform for all kinds of traders ranging from the complete novice to the professional. They have a wonderful support program that helps every one on the networks with a desire to succeed to achieve his/her goal; be it as a trader, marketer,an investor, or a manager. The speed of transaction execution with respect to deposits and withdrawals is worthy of note. Whether you entered the system with an active or passive approach does not change the fact that the paxforex team is driven with a burning desire to see that every client succeeds and it shows in their continued effort to always keep in touch with you to advice and inform you appropriately thanks paxforex keep the good work up :)

Comment: I was lucky to start my trading activity with paxforex. I took free training, after that, I registered a demo-account and was practicing there. Then I got my personal manager and he was helping me to trade with real money. Yes, I lost enough money when I was learning, but now, am trading professionally. I have learned to make correct decisions, and now, I earn much more than I lose. I like all about this broker, but especially I value the fact that they have never delayed a single money withdrawal. I would advise paxforex to both advanced traders as well as to beginners.

Comment: I have been trading with paxforex just little bit more than six months. But I can already say that this broker is very reliable, I have never had any trouble with money withdrawal or with deals or with the status of my account. I like their support service as well, they are always very helpful and always online. Yes, I can recommend this broker to everybody who want to earn money.

Disadvantages: I want more currency pairs!

Comment: I opened an account with paxforex because of a very low sum of the initial deposit. I opened mini account, deposited 10 USD and started trading. After I have tested the broker, I deposited a bigger sum and then even moved to the standard account. I have been trading here for about one year, during all this period I haven’t had any temptation to change the broker.

Disadvantages: no problem

Comment: I opened the account with paxforex just two weeks ago. During all the trading hours on the platform of the broker there were no technical failures. I had already ordered a small sum for the withdrawal, which I received on the same day. I have no doubt that in the future the terms of trade will be at a high level.

Advantages: everything is amazing

Comment: guys, paxforex is really awesome broker, I would recommend it as it’s the best choice to trade forex right now, I didn’t believe in the beginning when my friends told me about it until I saw it with my own eyes, they always told me about the best trading conditions that they have in their platform but I didn’t believe, I thought it will be the same like any other company but that wasn’t true at all, all my friends told me that they are really satisfied with the service they get with paxforex , so I said why not to give them a chance and test them , and I was not disappointed about this decision totally, since I switched my investment with paxforex and I saw they are really better than my previous broker in all ways, since I started to register and it’s so much easy in the account opening and verifications and confirming my documents to verify my accounts , all this procedures finished in less than an hour and my account was ready to receive my deposit with more than ten methods of deposits , I opened my first trade after exactly one hour from opening the account , I was so much amazed by their efficient support team who was following up with me on emails step by step , and when it came to trading their meta trader 4 server is really fast , no delays at all, so much fast order executions , amazing spreads on all currency pairs , I think this was the lowest spreads I ever seen, I made really good profits with paxforex , specially with their amazing offer of 100% of bonus for your deposit and the daily signals that they provide by emails to all their clients , it’s all the time winning signals , and when it came to withdrawals was even better manor that I got from their accounting teams , just after I submitted my withdrawal request within an hour it was approved and sent back , I really like the way how this company is dealing with clients , they have vision to be one of the greatest companies in forex market , and they are not new at all , they are in the market since 2011, I would like to say that I am really glad that I found paxforex and will never leave that broker, it was really amazing coincidence to find them , and now its your turn all of you to try paxforex and make money .

Advantages: fast execution , withdrawal , customer support , learning and sooo

Disadvantages: more analysis

Comment: I have a live micro account with paxforex since almost 1 year, support is first class, even if you just deposit 10 dollar they treat you with the same respect as someone depositing hundreds thousands, I never had a single re-quote or any other messaged of platforms freezing up never. The paxforex website have excellent information for traders. They really let you trade as you want even news, have access to expert advisors, hedging, and scalping. There is no stop hunting or stuff like that. Also I like their leverage 1:500 it make me make a good profit also paxforex are kept a money within european banks, so it is very safe. In withdrawal and deposit I give them number one in execution. I have been through many brokers and what I have seen I believe they are among the best out there and I never had a problem with paxforex. Because they has good quality services and trading tools. Also paxforex have a very good educational trading materials which help me know many secret key of trading. And learn many analytical method which I use perfectly now. Bonuses also great and contests. I win form paxforex contents and use their deposit bonus which make me increase my funds and my profit. Also there is no restrictions on withdrawal when i use the bonus or win in contents. I prepare to open a new standard or vip account in few days to use the lowest spread 0.3 I think it will make a big difference in my profit. I have a big sense I will be reach with paxforex. For that I will be with paxforex. And pray god to all of you a big profit in your trading. By abdelaal

Comment: I don’t know why it’s so much hard these days to find a broker that can work with USA citizens, and all internal brokers in USA provides only leverage 1:50 maximum , but this problem became solved once I found paxforex , they are a very trusted broker that provides leverage from 1:1 till 1:500 for all countries , I was really surprised when I found out they really work with all clients from everywhere , all forex trading tools are allowed , scalping , internal hedging and automated trading by the software , they work with MT4 and their servers are very good and stable , having over than 60 currency pair to trade on and stocks as well , they provide you with all the tools you need and to make money is your turn , if you are a good trader then this is the right broker for you as you will never need more than what they provide to be a money maker , perfect support 24/5 , account managers that guide you since you registered till you totally set up to start trading and all the time follow up with you if you needed anything , during my trading history with them which is more than 9 months for now , never faced a problem that can’t be solved within 1 hour , immediate replies for all your questions , their employees are really well trained to help you in a very professional way , easy deposit with a lot of methods to deposit with , fast withdrawals than the deposit even , very low spreads , and after all of this they don’t take extra commissions like others do , seriously this is a broker that made me to say “ why I didn’t find them from the beginnings !!“ I made very good profits with paxforex , really satisfied with their service , sometimes I really wonder why some people can say bad things about them , it’s not their problem if you don’t know how to trade appropriately , and yes they provide online courses and daily signals and market analysis , it’s a full completed efficient broker that I would recommend it to all my friends and even family member , I wonder if there is real traders that didn’t hear about them yet or didn’t start their trading and investment yet , paxforex is a real amazing broker .

Advantages: paxforex is full of advantages

Comment: hello, my name is vladyslav barskyi , I have been introduced to paxforex broker by my friend , I am trading forex for over than three years , one year from them with paxforex for now , I started on mini account with just 500 $ to test their service , the website design looks good , and the website map makes everything easy to be found , before I deposit I had to verify the documents first , their accounting team approved the documents after I uploaded it in less than one hour which is really perfect , like any other broker they have a lot of methods to do your deposit with like debit or credit cards , wire transfer , a lot of E-wallets like union pay and neteller and okpay ETC… but the advantage that I found their if your deposit higher than 300$ they recover the deposit fees , most of the time this fees can be 25-50 depending on the amount you deposited with and the deposit method as well , yes its small amounts but in forex market even one dollar counts , this will guarantee to you to get into your account the exact amount you deposited not less , and that’s fair enough and I like this transparency in dealing with clients , in forex market we all are searching for the best spread to minimize the cost of each trade we open , with paxforex I found that and more , they have really competitive spreads , and that’s all you need beside the swap to be paid for the trade , no hidden fees no extra commissions for each trade , nothing , when I saw this I said that’s the type of broker I want to deal with , as I was paying a lot of commissions for each trade I open with my previous broker , about their servers and order execution was really fast and no delays at all , which will assure to you to get the entry rate you chose for sure , paxforex is a broker for all types of traders , starting from cent account with 10$ and even VIP accounts for more than 10,000$ , allowing scalping and internal hedging and even automated trades by your EA , no hidden restrictions , all clear in the terms and conditions , I really made good profits with paxforex and still doing and will keep doing , that’s a broker for a life time not just for one month or one week , in case you had any problems with passwords or any questions , their live chat and support around 24/5 to answer these questions in a professional way , their account managers follow up with you all the time if you had any problems , guiding you with their efficient manor , one of their good advantages also their technical analysis that they provide it daily on emails to all their clients no matter what was your account type , and it’s really successful trades and comes in time ,and when it comes to the withdrawal process , I didn’t see such easier or faster way than their , you just submit your request whatever will be the withdrawal method it will be approved within one hour and sent back to you , I feel sorry for those people who is not trading with paxforex yet , I want to tell them that you are wasting your time with someone else , paxforex is my recommendation for all of you and will always be my number one , I wish them all success and growing more and more

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, for 2021

Paxforex guide вђ“ read our in-depth paxforex review

This paxforex review has been updated for 2021 by industry experts with years of financial experience in forex, cfds, & social trading.

Please note that due to regulations, the content in this paxforex review does not apply to US users.

This paxforex review contains the most recent information about paxforex.

If you are a new entrant in the world of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and comprehensive knowledge. You will get proficient at all the concepts of broker since you continue trading. For starters, you have to choose the right broker who will be clear with you constantly.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment plan will create hefty returns. Paxforex is just one such stage which will take you and your investment to great heights. It's crucial to know all about paxforex before you trust them with your money.

Our full paxforex review covers all you will need to know about trading with paxforex. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investing goals.

There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you choose them. It's a common misconception that all agents are the same, but that's not true. Wrong judgment, initially, can set your investments at risk.

Paxforex is a broker that has found its way successfully into the broker world. Within this review, we have tried to collate a number of the important facets of paxforex. This review can allow you to know whether paxforex is a fantastic match for your investments or not. We have attempted to breakdown all the qualities and fees for your convenience.

Paxforex review, table of contents

Who are paxforex?

Benefits of trading with paxforex

Everything you should know about trading with paxforex

Is paxforex safe to trade with?

Pro's & con's of trading with paxforex?

Compare brokers similar to paxforex

Regulation and licencing in more detail

Paxforex awards

Minimum deposit required for A live account with paxforex

Paxforex commission and fees explained
- Compare broker fees against paxforex
- Paxforex withdrawal fees explained
- Paxforex deposit fees explained
- Compare broker deposit methods

What can you trade with paxforex?

Alternatives to paxforex

Frequently asked questions about paxforex

Who are paxforex?

Paxforex is a foreign exchange broker headquartered in saint vincent and the grenadines and provides a variety of tools for online trading. Since its start in 2010, paxforex has emerged as a top-tier player in the industry of online broker. Paxforex includes a highly aggressive and full-featured trading website that is focused on forex, indices, metals, stocks , commodities.

Over the past 11 years, paxforex has grown into one of the leading online brokers.

After establishing in 2010, their client base has become as big as 350+ clients.

Paxforex is a favorite for many dealers because of its negative balance protection. Our paxforex review discovered that they're an superb alternative for automated trading options. It is most appropriate for investors who are looking for a variety of assets. Social and automated trading solutions are the heart at paxforex.

Technology plays a significant role at paxforex. Paxforex features trading on web,ipad,mac,desktop,iphoneios. Paxforex is fair, transparent, and also a well-regulated agent by the financial services authority (FSA), registration number 21973 IBC 2014 1825. Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

The educational department at paxforex is very insightful for new traders since it permits them to have a closer look at the financial markets. Paxforex caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of trading with paxforex?

Trading with paxforex includes numerous advantages. These advantages are what sets paxforex apart from all other online agents. You need to check all the benefits listed so that you have a better understanding of paxforex.

The broker goes to great lengths to understand what dealers want. As a result, the service cost is low, fast, and convenient. The broker also gives a variety of programs for all types of traders. Paxforex helps to ensure that the individual needs of all traders are completely met.

Paxforex also features excellent trading conditions that are available to just an elite group of institutional clients. The tight spreads and fast executions are a great benefit for those traders. The technology adopted by paxforex is among the maximum caliber, ensuring that it's fast, reliable, and efficient.

Paxforex acknowledges the importance of having a quick order execution. A fast execution enables users to exchange without worrying about slippage safely. It is going to also aid the traders to catch the utmost profitable opportunities.

Automated trading is another important aspect of paxforex. A new trader can learn from industry experts utilizing the automated trading alternative. The tight spread starts from as low as 0.0 pips, even though they are offered for only razor accounts.

Paxforex has over 188 trading tools to support all types of traders. These tools are lively and suitable for both new and experienced traders. The dealers can put aside all their concerns when trading with paxforex.

Paxforex overview

Year founded: 2010

Regulated by: financial services authority (FSA), registration number 21973 IBC 2014 1825

Hedquarters: saint vincent and the grenadines

Minimum deposit: $10

Number of clients: 350+

If you feel that paxforex is not right for you then at the bottom of this paxforex review you wil find a lot of alternatives to paxforex.

Everything you ought to know about trading with paxforex

Paxforex is a dynamic platform that offers various procedures of trading. These tools cover the financial markets substantially. The majority of the brokerage platforms offer less methods than paxforex

If you would like to exchange with paxforex, you will need a minimum deposit of $10. This deposit is compulsory if you would like to begin trading using paxforex. This 2021 paxforex review will direct you clearly about trading with them.

Paxforex is as versatile as any other brokerage platform. Paxforex is excellent for traders who want a manageable assortment of low-cost services. The programs provided by paxforex are third-party, white-label offerings. All traders may choose out of web,ipad,mac,desktop,iphoneios.

Along with everything, paxforex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a transaction has to be kept open. The brokers provide premium customer service that rewards customers with benefits.

Many unprofessional brokers try to pressurise users into larger financing for superior services. Paxforex, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be reasonable, honest and transparent. The more lots traded by the user, the further benefits will come along.

Paxforex accounts are available globally and provides outstanding service wherever they have customers. There are a few countries where paxforex accounts are not available. Traders in the following countries cannot open or use a paxforex account:

Is paxforex safe to trade with?

Launched in 2006, paxforex has been in operation for 11 years, they are headquarted in saint vincent and the grenadines.

Paxforex is regulated by financial services authority (FSA), registration number 21973 IBC 2014 1825. These bodies have rules that ensure that trading platforms have steps in place to maintain investor's resources procured. This usually means that paxforex users do not need to worry about their money since it is segregated and safely stored in established banks. SSL encryption secures every user's private information also.

You are able to make use of a choice for 2 factor authentications (2FA) with paxforex for heightened security. An SMS for the confirmation code will be sent to your phone. You'll be asked to input this code to log into your account.

Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous to consumers on these platforms. However, this is more widespread in the case of market maker brokers who compete with customers on the platform.

Pro's & con's of trading with paxforex

Every online trading platform has a few ups and downs, and no paxforex review would be complete without having a balanced approach. This paxforex review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Paxforex pro's

Paxforex is trusted by 350+ clients

Paxforex offers negative balance protection

Paxforex offers guaranteed stop loss

Paxforex doesn't charge withdrawal fees

Paxforex doesn't charge inactivity fees

Paxforex doesn't charge deposit fees

Paxforex doesn't charge CFD fees

Paxforex offer trading on web,ipad,mac,desktop,iphoneios

Paxforex offer 188 trading instruments

Paxforex trades major forex pairs

Paxforex trades minor forex pairs

Paxforex trades exotic forex pairs

Paxforex offers trading on cryptocurrencies

Paxforex can communicate in english, spanish, czech, chinese, german, french, italian, polish, portuguese, romanian, slovenian,hindi, hebrew, arabic, russian

Paxforex con's

Paxforex review - compare brokers similar to paxforex

paxforex	charter prime	forex euroclub	caveo
rating	4/5	4/5	3/5	4/5
minimum deposit	$10	$200	$100	$0
year founded	2010	2012	2008	2016
headquarters	saint vincent and the grenadines	australia	russia	variable
regulated by	financial services authority (FSA), registration number 21973 IBC 2014 1825	financial conduct authority (FCA)	unregulated	financial conduct authority (FCA)
clients	350+	10,000+	10,000+	10,000+
find out more
risk warning	your capital is at risk	your capital is at risk	your capital is at risk	your capital is at risk

Paxforex review - regulation and licencing in more detail

Paxforex is regulated by financial services authority (FSA), registration number 21973 IBC 2014 1825.

Paxforex, as a company, has a powerful set of rules for ensuring fair trading on its platform. For data encryption purposes, it supplies an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.

Paxforex review - awards

Paxforex review - minimum deposit required

The minimum deposit you need to begin on paxforex is $10. This is an adequate amount for those just beginning. You can make more complex residue as you go along. However, make certain that you know how to make the most of your cash before investing in larger sums.

Paxforex review - commission and fees explained

Paxforex is an online brokerage platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the number of clients they have.

However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this objective.

The first sort of charges to look out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.

Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

Generally, paxforex doesn't charge high fees in comparison to other online agents. For operations other brokers fee for, they either do not charge a broker fee, or they charge a lesser amount. This can be beneficial for people who often exchange, for example daily or weekly trading.

However, non-trading fees charged by paxforex are comparatively greater. As a result, you are billed more for non-trading actions in your trading account, like withdrawal and deposits. These are not about the sale and purchase of resources.

This paxforex review breaks down every one of the applicable non-trading charges for you in detail.

Compare broker fees against paxforex

paxforex	charter prime	forex euroclub	caveo
minimum deposit	$10	$200	$100	$0
withdrawal fees	10	$30	variable	0
inactivity fees	no
deposit fees	no for deposits over $300
CFD fees	no

Paxforex review - withdrawal fees explained

Withdrawal of cash is possible at any moment from the paxforex account. You can withdraw up sums to the amount of your account balance, keeping aside the margin utilized. One thing to keep in mind is that you don't necessarily have to have any money in your accounts.

In addition, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, if you used a credit card for deposits, the withdrawn cash is going to be sent to the card. Paxforex will ask you to provide other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you are choosing to withdraw in.

Paxforex review - inactivity fees explained

Understanding whether you will be charged inactivity fees is one of the buzzing questions which run through your mind when open an account with paxforex. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for some time. The period regarded as inactive is decided by the agent.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a traders account does not have a purchasing or selling transaction, it's maintained by the agent as an inactivity fee. The traders have to pay this commission under conditions and terms they had consented while registering.

Paxforex doesn't charge inactivity fees so you are free to use your account as needed

Even if no charges have been indicated by paxforex, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by brokerage firms but also many financial services.

For additional trading platforms, the inactivity fee depends upon the type of account you have chosen. The inactivity fee is subjected to many circumstances and should be revealed clearly by the agent beforehand.

Paxforex review - deposit fees explained

When you move money in your trading account from the bank account, a deposit fee can be charged by the broker. Most brokers do not charge too much money for this operation.

Paxforex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing money on the paxforex trading platform is simple. You just need to finish a single-user profile survey to start depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit large amounts.

Paxforex review - compare broker deposit methods

Paxforex	charter prime	forex euroclub	caveo
minimum deposit	$10	$200	$100	$0
credit card	yes
paypal	no
neteller	yes
skrill	yes
payoneer	no

What can you trade with paxforex?

Note: paxforex offers a lot of different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different based on the country of residence of the client.

Paxforex has a wide variety of over 188 instruments available for you to trade with.

If trading currency pairs is of interest to you then paxforex offer over 62 currency pairs.

Compare paxforex, charter prime, forex euroclub & caveo below.

Alternatives to paxforex

If, after reading this paxforex review, paxforex does not fulfill your needs check out these paxforex alternatives.

We've scoured the web to find the best alternatives to paxforex. Click the links below to learn more.

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

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.

So, let's see, what was the most valuable thing of this article: read the latest paxforex customer reviews and comments from real traders for 2021 year on topbrokers.Com at paxforex reviews