PaxForex Review
PaxForex was founded by a team of professional traders with the help of investors. The owners of the company have extensive experience in Forex, stocks, options and CFDs markets as traders and dealers. We have gained our experience by working in managerial positions with the largest brokers, who are now our major competitors. Even though we are not a company of a big size, we are big enough to always meet our customers’ demand on time and small enough to provide unique products and services in the industry.
As traders, we know by experience exactly what our clients deserve. Providing services and trading in the financial markets is all we do. Our knowledge and experience has provided us with the opportunity to create for you the fairest, most flexible and most stable environment for trading.
Typical Spread on Majors
| EUR/USD | 0.8 |
| GBP/USD | 0.9 |
| USD/JPY | 1.0 |
- Company Info
| Headquarters | Kingstown, St. Vincent and the Grenadines |
| Type of Broker | STP |
| Founded | 2010 |
| Regulated By | Regulated By Not Regulated |
| Offices In | St. Vincent and the Grenadines |
| Supported Languages | English, Russian |
| ESMA Regulation ? | This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | EUR, USD, GBP |
| Minimum Deposit | $10 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | Yes |
| Islamic Account Restrictions | Muslim faith only |
| ECN / STP Accounts Offered | No |
| Commission on STP or ECN | |
| VIP Accounts Offered | Yes |
| VIP Account Requirements | $10,000 Minimum Deposit |
| Mini Accounts Offered | Yes |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | No |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Bitcoin, Ethereum, WebMoney, QIWI, Fasapay, PerfectMoney, Skrill, Neteller |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Bitcoin, Ethereum, WebMoney, QIWI, Fasapay, PerfectMoney, Skrill, Neteller |
- Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Android |
| NO of Pairs | 64 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | No |
| Trading Server Time | GMT + 2 |
| Demo Account Expiry | Non-Expiring |
| VPS Offered | Yes |
| Free VPS Conditions | Free with accounts over $2000 |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 500:1 |
| Minimum Contract Size | 0.0001 |
| Execution | Instant Execution and Market Execution Options |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | No |
| Option of FIFO | No |
| Liquidity Providers | 6+ |
| Negative Balance Protection | Yes |
- Additonal Instruments
| Metals | Yes |
| Stocks | Yes |
PaxForex Reviews
To submit your own Forex Broker review please fill in the form below. Your review will be checked by a moderator and published on this page. Please ensure that you use a valid email address when posting your review and check your email after submitting the review - we will send you an email with a confirmation!
