“PaxForex provides a simple trading offering to trade commission-free on 120+ financial CFD instruments on the globally-recognised MetaTrader 4 trading platform.”
From our observations, PaxForex provides a simple trading offering to trade commission-free on 120+ financial CFD instruments covering Forex, Indices, Metals, Cryptocurrencies and Stocks (USA).
Users can trade from the globally-recognised MetaTrader 4 trading platform for Windows PC and Android/iOS mobile apps, from four core trading accounts which provide access to leverage of up to 1:500 but have varying minimum deposits.
Is PaxForex regulated?
Where is PaxForex based?
PaxForex is based at Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines.
How does PaxForex make money?
PaxForex makes money mainly through spreads and swaps on certain asset classes.
How do I deposit in PaxForex account?
Funds can be deposited into a trading account via credit card, debit card, bank transfer, Neteller, Skrill, Perfect Money, WebMoney, QIWI, FasaPay, Bitcoin and Ethereum.
What is the min. deposit for PaxForex?
The minimum deposit is $10.
How do I withdraw money from PaxForex?
Withdrawals can be made via credit card, debit card, bank transfer, Neteller, Skrill, Perfect Money, WebMoney, QIWI, FasaPay, Bitcoin and Ethereum.
What is the max leverage in PaxForex?
The maximum leverage offered by PaxForex is 1:500.
How do I open an account with PaxForex?
An account can be opened at the click of a button on the PaxForex website and can be done in just a few steps.
Does PaxForex use MetaTrader?
Yes, MetaTrader 4.
PaxForex was founded in 2010 and is a trading name of Laino Group Limited which is a company based offshore in the St. Vincent and the Grenadines and as such is not licenced or regulated by a financial regulator.
The broker offers access to four core trading accounts called Cent, Mini, Standard and VIP, as well as Islamic swap-free and demo trading accounts. Each account offers commission-free trading with spreads and swaps varying depending on the account type.
Users can trade on 120+ financial CFD instruments covering Forex, Stocks, Indices, Cryptocurrencies and Metals on the MetaTrader 4 trading platform for Windows PC, Android and iOS mobile trading apps.
Clients can also access a wide range of trader research and education tools in the form of Forex Calculators, Education Guides and Videos, Forex News, Daily Trading Analysis and Fundamental Analysis via its blog. The customer service desk is open 24 hours a day, 5 days a week via live chat.
- Commission-free trading available.
- Multiple asset classes are available to trade on.
- Can trade on MetaTrader 4.
- Lots of educational trading videos.