Pax forex

Dear roomal ahmadzai,
please send to your personal manager an account number and order number where you experienced an issue with the spread.

Huge forex bonuses

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.

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

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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

Forex broker paxforex

You are unlikely to find a more comfortable forex broker than paxforex. Our company provides forex customers the best possible conditions for successful forex trading. We have offers for both beginners and experienced traders. There are also many different bonuses, which are designed to help any forex trader in his profitable trading. The main engines of our progress at the financial trading forex market are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our forex traders. Today we are a well-known lowest spread forex broker trusted by hundreds of thousands of customers worldwide. We assure you that working with paxforex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced forex technologies.

Our basic principle is work in the interests of the client and providing optimal conditions for a comfortable and profitable forex trade. And we remain committed to this principle, all the way to company’s development. Our clients use the best forex broker trading technologies. They have constant access to the information data and major news from the world leading informational agencies. Our great team of analytics every day publishes an impressive amount of extremely useful information of technical and fundamental analysis, as well as economic news. Today our services are used by forex clients around the world: from asia to north america. Among them are beginners of the forex trading and professionals of this financial market. By opening an account with paxforex broker, you get full access to all features of the online brokers forex market, CFD, futures trading and commodity markets (goods). After a simple registration process, you will get complete freedom in choosing the account that best fits your individual needs. In addition, we offer a very wide variety of forex bonuses, which you can use immediately. Our employees are working every day with our customers and provide them with comprehensive support. Regularly updated news of the financial markets, the economic calendar of events and all types of market analytics provide our forex clients access to the latest information they need to make the right decisions in their trading process. We also believe that beginning FX trader will have with us great opportunities to gain experience, deep knowledge together with risk-free trading on demo and free bonus accounts. This will bring them a big confidence and a wish to earn more by investing and opening our standard forex accounts. Paxforex is determined to maintain the selected rate and increase the pace of development. We hope that this will help us to win the confidence of traders in new regions of the world and to hold our forex market leadership.

Pax forex

Leverage option for non european clients
the above table indicates the maximum leverage offering a client has the option to choose. A client can choose a leverage offering ranging from 1:1 up to the maximum leverage offering up to 1:500. The maximum leverage a client can choose depends entirely on the client. There is no minimum requirements and pax forex does not have dynamic leverage based on your equity you hold in your account.
The brackets below indicate the maximum leverage offering a client can receive based on his equity (no restrictions, high leverage is available with any account size):

1:1 to 1:500 ($1 – $20,000)
1:1 to 1:500 ($20,001 – $100,000)
1:1 to 1:500 ($100,001 +)

Leverage option for european clients
european clients and UK clients can benefit from the maximum leverage pax forex has to offer as pax forex is not affected by ESMA regulations.

Deposit and withdrawal methods

deposit	credit/debit card (visa, mastercard) • local bank/wire transfer • skrill • neteller • fasapay • china unionpay • quiwi • webmoney • perfect money • bitcoin • ethereum
withdrawal	credit/debit card (visa, mastercard) • local bank transfer • wire transfer • skrill • neteller • fasapay • quiwi • webmoney • perfect money • bitcoin

Third party payments
pax forex does not accept payments from third parties. Please ensure that the all deposits into your trading account come from a bank account in your name. Payments from joint bank accounts/credit cards are accepted if the trading account holder is one on the parties on the bank account / credit card.

Additional features

Pax forex also offers additional features such as forex education, forex calculators, fundamental and technical analysis and you will have a dedicated personal manager assigned to you when you open a standard or a VIP account.

Range of markets

ESMA regulations
no this broker is not affected by ESMA regulations

Telephone:
global number
+44 2035040387

Email:
info
info@paxforex.Com

Sanctioned countries
none

If you are already registered with pax forex and you would like to be linked to us and recive a direct disocunt please send an email to pax forex partners team requiesing to be linked under our IB number or get in touch with us and we will send you inscructions

Paxforex UK review 2021

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

Paxforex is broker that offers traders forex, stocks, indices, metals, cryptocurrencies. Paxforex allows traders to use the metatrader4 trading platform, but unfortunately not metatrader5 at this point.

Paxforex also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and XRP.

Paxforex summary

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

Ratings

CFD trading

Trade across markets with leveraged cfds.

FTSE spread	9
GBPUSD spread	0.5
oil spread	N/A
stocks spread	variable

Forex trading

Trade FX with tight spreads & 1:500 leverage.

GBPUSD spread	0.5
EURUSD spread	0.4
EURGBP spread	1.5
assets	60

Cryptocurrency trading

Trade popular cryptos against the US dollar.

Spread	from 3 pips
coins	BTC, ETH, LTC, XRP

Payment methods

Paxforex accepts the following payment methods:

Neteller

Skrill

Webmoney

Visa

Unionpay

QIWI

Wire transfer

Fasapay

Perfect money

Cashu

Paxforex vs other brokers

If you want to compare paxforex with other brokers, use the detailed comparisons below.

Paxforex

Company laino group limited

Founded in 2010

Online since 2011

Offices in

Bitcoin

Credit/debit cards

Ethereum

Fasapay

Neteller

Perfect money

QIWI

Skrill

Unionpay

Webmoney

Wire transfer

Arabic

Chinese

English

Laothian

Portuguese

Russian

Thai

Callback

Forum

Live chat

Office

Phone

Skype

Web form

Account types:

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $100

Minimum position size 0.01 lot

Spread type fixed

Spread on EUR/USD, pips 1

Scalping allowed

Expert advisors allowed

Trading instruments

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $2,000

Minimum position size 0.1 lot

Spread type variable

Typical spread on EUR/USD, pips 0.8

Minimum spread on EUR/USD, pips 0.4

Scalping allowed

Expert advisors allowed

Trading instruments

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $10,000

Minimum position size 0.01 lot

Spread type variable

Typical spread on EUR/USD, pips 0.8

Minimum spread on EUR/USD, pips 0.4

Scalping allowed

Expert advisors allowed

Trading instruments

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $500

Minimum position size 0.01 lot

Spread type variable

Typical spread on EUR/USD, pips 2

Minimum spread on EUR/USD, pips 1.8

Scalping allowed

Expert advisors allowed

Trading platforms

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Minimum account size $10

Minimum position size 0.0001 lot

Spread type variable

Typical spread on EUR/USD, pips 3

Minimum spread on EUR/USD, pips 2.4

Scalping allowed

Expert advisors allowed

Trading instruments

Reviews

142 reviews of paxforex are presented here. All reviews represent only their author's opinion, which is not necessarily based on the real facts.

They really do take care no matter what's going on with them or with me.

Over all i been with them for 9 moths but i am working with 3 other brokers and this one is becoming my faverit they get back to me fasit not in 24-48 hours or more like other brokers and that helps me alot of what to do and when to do it.

And i doing like using free signals most of the time they dont really work but paxforex offers very good signals and they help me on top of my own trading and thats what i enjoy about them.

This is a complete scam operation. I never even made a trade after seeing how massive their spreads are. I cannot get my money out of this broker. Someone needs to report them to the FBI and find the thief's who are stealing everyones money.

Well it was better than expected, very professional and good intended. Thank you and good luck in future

I have been using paxforex for around a year, they always provide great customer service and low spreads. I started working with pax with a stander account and after some time I upgraded to VIP.

This is a great full stop broker. Regulated, and seems safe and honest.

I just had some great help with levi, I was very pleased and I recommend this broker especially if you're in australia, but also around the world. Just so glad to have something safe and honestly close to home.

I am enjoying the experience thus far.

I overall have no issues with pax, I feel comfortable.

I was opening bonus 7$ account.

Im satisfied with the broker service so far . The spread not too big and the execution speed did not fail me.. Thanks paxforex

I really like the pax forex system and the way of execution, in general everything is ok, the broker is responding well

I opened this broker last of last week is a good and reliable broker to choose first I like to thank their customer support for being so kind with fast respond in my emails nd their spread is good with their speed execusion thank pax you are a best broker

Nice market execution, spreads, support. Worth trying

I would like to take a minute and say THANK YOU pax forex team. There are some really shady establishments out there but I have never had any problems with them

Whenever I expressed concerns over some transactions I always got quick feedback on what exactly happened. It's been going through highs and lows, but so far so good. I am happy regarding my experience with pax.

I was interested in stock trading. The only obstacle was the minimum deposit sum for that. So, what I did: I used 100% bonus to the balance offer, and that is why, I managed to upgrade my account faster, than I even was expecting. Ok, there were some issues with orders, but here, the support service was very efficient and understanding. I like trading here, and that’s it.

There is always volatility in the market price whenever negative news circulates. Sometimes the price can pass more than ten points in just a second. This fact most likely influenced your order.

But since you choose this forex trading strategy, you should be prepared for these risks (by the way, this pair passed about 600 points that day).

However, no matter how volatile the market is, we always execute orders at the best market price.

I really like trading with paх. My orders are executed very fast and the amount of leverage I'm given on trades is amazing.

Submit your review

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Please, try to avoid profanity and foul language in the text of your review, or it will be declined from publishing.

Forex trading bears intrinsic risks of loss. You must understand that forex trading, while potentially profitable, can make you lose your money. Never trade with the money that you cannot afford to lose! Trading with leverage can wipe your account even faster.

Cfds are leveraged products and as such loses may be more than the initial invested capital. Trading in cfds carry a high level of risk thus may not be appropriate for all investors.

Paxforex review and ratings

Availability

Paxforex accepts clients from all over the world, excluding 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.

Paxforex review

Regulated by: FSA

Headquarters: saint vincent and the grenadines

Spread: as low as 0.4 pips for EURUSD

Leverage: 500:1

Minimum deposit: $10

Paxforex was founded by a team of professional traders in 2010 and is registered in saint vincent and the grenadines. The company’s owners have extensive experience as traders and dealers in the forex, stocks, options and cfds markets. They have gained their experience through working for the prestigious forex brokers for years in managerial positions.

Paxforex owners have extensive experience as traders and dealers.

The broker provides traders the advantages to use an offshore forex broker with quick registration procedure, low trading fees and a high leverage of up to 1:500. Although paxforex is regulated by any financial watchdog, it has become a praised forex broker among retail forex and CFD traders in recent years. The broker owes these praises to its welcoming policy to accept traders from all over the world, including the united states.

Account types

Paxforex offers a variety of different account types to ensure that there’s something for every need, from the newbie traders to forex veterans. There are a total of five trading accounts types for the traders’ choice; cent, mini, standard and VIP.

Cent: cent accounts allow traders to execute trades with much lower contract size. Thus, it is recommended for newbie traders to train and improve their trading without staking a lot of money. Paxforex requires at least $10 for cent accounts, though, $100 is suggested. Spreads begin at 2.8 pips for this type of account. The maximum leverage for cent accounts is 500:1 and clients can use the private VPS service for a monthly fee of $25.

Mini: this account is intended for new forex traders just like the cent account. A minimum deposit of $10 is expected but the suggested deposit amount is $500. Spreads go down as low as 1.4 pips. Accounts are available in USD, EUR and GBP and maximum leverage is 500:1. Margin call and stop-out rates are set at 10 percent and 5 percent respectively and traders can opt for swap-free account on request, plus all other features listed under cent account.

Standard: required minimum deposit for a standard account is $2,000 deposit amount. However, paxforex suggests an initial deposit of $5,000. Spreads start at 0.4 pips for this type of account and traders also are offered free training services. The minimum volume lot is set at 0.1, and traders are also assigned to personal account manager in addition to the entire services provided for mini account.

VIP: VIP account is intended for veteran and risk-taker forex traders. This account comes with the lowest trading fees and direct access to their own dedicated account manager via phone, live chat or email. It requires a minimum deposit of $10,000. However, the broker recommends a minimum deposit of $50,000. The VIP account traders can benefit from VPS services for free along with all the other services that are provided under the other account types.

In addition to the account types mentioned above, paxforex offers swap-free accounts for clients of muslim beliefs who cannot earn or pay any interest due to sharia law.

Customer support

Paxforex clients can access customer support through a variety of options including phone, email or live chat. All of these methods are available for 24/5 and competent to respond to the inquiries from existing and future clients with the most useful and accurate information.

The broker also provides a helpful FAQ section in addition to these contact options which features comprehensive answers to many of the most frequently asked questions.

Email: [email protected]

Telephone: +44 203 504 0387

Fax: +44(0)844 507 0446

Trading platforms

Paxforex provides the industry’s most commonly preferred trading platform, metatrader 4. The MT4 platform is available in its traditional desktop format, as well as on mobile devices via the MT4 mobile platform.

Metatrader 4 remains one of the industry’s most successful forex trading platforms, and is viewed by many as the pinnacle of forex trading platforms. MT4 has been a highly effective, and user-friendly platform for forex traders for more than a decade. To paxforex none of that has changed.

The MT4 desktop version is a platform which is visually simple but technically powerful. The platform allows traders to utilize a plethora of charting tools and technical indicators without any extra fee. Traders who wish to automatize their trading strategies can also make use of expert advisors (EA).

Withdraw and deposit methods

Paxforex clients can choose withdraw and deposit funds into their account through wire transfer, credit / debit card, neteller, skril, okpay, qiwi, fasapay, perfect money, webmoney, unionpay, bitcoin, ethereum and uphold.

For most methods, the minimum deposit is either $10 or $30, but for wire transfer, which usually takes between 3 and 5 business days, the minimum deposit amount is set at $100. All methods, except perfect cash, okpay, unionpay and neteller incur some kind of fee when you deposit and withdraw.

The minimum withdrawal is $10, but it is $30 for unionpay and $100 for wire transfer and credit / debit card.

Trading instruments

Paxforex offers trading services in forex, precious metals, company shares and cryptocurrencies. All major forex pairs, minors and various exotic currencies are available for investing. The spreads vary depending on the type of account that the client has selected.

Trading services in forex, precious metals, shares and cryptocurrencies

The major pairs such as EURUSD, GBPUSD, USDJPY and USDCHF charge a spread of 0.3 pips to 3.0 pips depending on the account type. On the other hand, the spreads for minor pairs such as AUDJPY, EURJPY and GBPJPY change from 2.0 pips to 12 pips according to the account type.

Apart from forex pairs, paxforex provides opportunity to speculate on gold, silver, bitcoin, ethereum, ripple, litecoin and company shares.

Bonus and promotions

100% loyalty deposit bonus – paxforex doubles your margin for every $1200 deposit. This is a stackable bonus which means that you can activate the 100% for every deposit of at least $1200 with the condition that at least 31 days have passed following the previous deposit.

Other bonus and promotions – various arbitrary bonuses and promotions such as 4th of july independence day bonus, labor day promo, etc…

Conclusion

Paxforex is another off-shore choice for US clients who are in search of a forex brokers. The broker is not regulated but follows a pro-customer approach with attractive trading conditions and superior client relations. Maximum leverage is 500:1 and spreads could lessen as low as 0.3 pips depending on the account type. Traders can invest in precious metals, company shares, cryptocurrencies in addition to forex pairs through the state-of-art metatrader 4 trading platform. A notable further benefit of paxforex is the 100% loyalty deposit bonus which doubles the client’s margin for every deposit over $1200.

Paxforex reviews

13 • great

Write a review

Reviews 13

Easy to management

Easy to management. Provide guideline for beginners.

AVOID - linked with a fraud

AVOID - they have an affiliate who is a fraud and is not allowed to manage peoples capital. They are not registered who any financial authority nor do they hold any licenses to manage money.
Paxforex are advertised as their broker of choice on their website.
The FRAUD company lost all of my money and blocked all forms of contact with me, upon further research I discovered they were using false identities.

Pax should not allow people who arent abiding by laws to become affiliates and advertise their service.

When i asked someone from pax to confirm if they were an affiliate i was informed it was out of their responsibility.

Pax profit from a fraudulent scheme - AVOID.

10 out of 10!

I cooperate with the company not for too long, about six months.
But honestly, I like all the bonuses, offers, and nice managers, that help, explain. In general, the broker`s seriousness is felt in everything. I started to trade immediately, registration + deposit is very fast, with mt4 I was already familiar and it was not difficult for me, the withdrawal is also fast. In short, here is my impression of the broker, the rating is 10 out of 10.

I have been trading for 2.5 years with…

I have been trading for 2.5 years with several brokers at once. I want to express my opinion about paxforex. I've been cooperating with them almost from the very beginning. I am content with everything here, I am completely satisfied with the work of this broker and recommend it to my friends, almost all my friends-traders moved here to trade. He is a solid and quite reliable broker. I like trading conditions, commissions and spreads, adequacy, and loyalty of the support. All withdrawals are processed without problems and quite quickly. In my opinion, this is not a bad broker for a more or less experienced trader. Personally, I do not worry about the safety of my funds while working with them.

Dear hendrik schrijnemaker,

Thanks for leaving us such a detailed review! Its excellent to hear you had such a positive experience when dealing with staff across our international offices and are enjoying trading with paxforex.

Wishing you every success!

Good for pax

I really see that they work no matter what i been with them for more then a year now and still there the best for me and i trade with 3 other brokers. They pickup the phone when i need and theres always a manger that will anwer everything for me NOT all brokers have that let me tell you. Also no matter what profit i make its all for me they dont try too add feed like everyone else i use
GOOD JOB! Keep it up

Thank you for your feedback! We are glad that you are having a pleasant experience with paxforex.
If you ever need any help, please do not hesitate to reach out over live chat, email or phone.
Whenever the markets are open, we are hear to assist our traders

I think paxforex deserves respect

I think paxforex deserves respect, the broker offers traders good trading conditions - a large variety of different instruments, many options for depositing and withdrawing funds, and much more. Isn't it a professional approach? Obviously, there are always dissatisfied people. Someone is not satisfied with the way the website looks like, someone is answered slowly by the support team, someone finds other reasons. But you know, there are no ideals in our world. But it's easy to trade, and do not pay attention to the fact that someone did not like something.
Humbert cousineau, france

Thank you for the recommendation.

I have been working through paxforex…

I have been working through paxforex for a long time. Can say that it is one of the best and most reliable brokers today. There is a pretty good section of analytics on the site - often helps, my handy tool. With a good choice of assets and accounts, there is always something to choose from. Nothing to complain about, hope it will not change.

Thank you for the recommendation.

Very good experiance always have…

Very good experiance always have answere to questions and very fast
deposit and withdraw works well when you need to following steps of verification like asked
I am happy with

Thank you for the recommendation.

Horrible experience

Horrible experience. These guys would close me out of major pairs while the chart was over 30 pips away from their claim! Instead of going into a profitable trade I would watch the spread just get bigger and bigger, I have seen major pairs with over 50 pip spreads! I never tried to get money from them as they managed to fraudulently close 4 trades for no reason I can figure out and where the chart had not come close to in any recent timeframe, the number my trade was closed at. I am disgusted by this company. I feel completely taken advantage of, and since they are not regulated, nothing I can do about it. This is beyond me being upset about making some bad trades, that is not the case. If you value your money and are trying to make some money, this is not the broker for that.

Great customer service paxforex

I have been using paxforex for around a year, they always provide great customer service and low spreads. I started working with pax with a stander account and after some time I upgraded to VIP.

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.

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