PaxForex
Абстракт：PaxForex is a forex broker registered in Saint Vincent and the Grenadines. The tradable instruments include forex, stocks, indices, and spot metals. The broker also provides demo and island accounts. The minimum spread is from 0.4 pips and the minimum deposit is $10. PaxForex is still risky due to its unregulated status.
| PaxForexReview Summary | |
| Founded | 2014-05-16 |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex/Stocks/Indices/Spot Metals |
| Demo Account | ✅ |
| Leverage | 1:500 |
| Spread | From 0.4 pips |
| Trading Platform | Allpips(Web)/MT4(PC/Mobile/PDA/Smartphone) |
| Min Deposit | $10 |
| Customer Support | Phone: +44 2035040303 |
| FAX: +44(0)844 507 0446 | |
| E-Mail: info@paxforex.org | |
| Facebook, Twitter, LinkedIn, Instagram, Telegram, YouTube | |
| 24/5 live chat | |
PaxForex Information
PaxForex is a forex broker registered in Saint Vincent and the Grenadines. The tradable instruments include forex, stocks, indices, and spot metals. The broker also provides demo and island accounts. The minimum spread is from 0.4 pips and the minimum deposit is $10. PaxForex is still risky due to its unregulated status.
Pros and Cons
| Pros | Cons |
| 24/5 live chat | Unregulated |
| Demo account available | No 24/7 customer support |
| MT4 available | |
| Spread as low as 0.4 pips | |
| Island accounts available |
Is PaxForex Legit?
PaxForex is not regulated, making it less safe than regulated brokers.
What Can I Trade on PaxForex?
PaxForex offers a wide range of market instruments, including forex, stocks, indices, and spot metals.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Spot Metals | ✔ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
PaxForex provides various account types with different minimum deposits and spreads: Cent, Mini, Standard, and VIP. Traders who want low spreads and a sufficient budget can choose a VIP account. In addition, the demo account is predominantly used for familiarizing traders with the trading platform and for educational purposes only. The broker also provides the island account without swap fees for Muslim beliefs.
| Account Type | Cent | Mini | Standard | VIP |
| Minimum Deposit | $10 | $10 | $2000 | $10000 |
| Min. Spread | 2.4 | 1.4 | 0.4 | 0.4 |
| Min. Lot size | 0.01 | 0.01 | 0.01 | 0.01 |
| Maximum Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
| Stop out | 20% | 5% | 5% | 5% |
PaxForex Fees
The spread is from 0.4 pips. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
PaxForex cooperates with the Web of Allpips and MT4 available on PC, Mobile, PDA, and Smartphone. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| Allpips | ✔ | Web |
| MT4 | ✔ | PC/Mobile/PDA/Smartphone |
Deposit and Withdrawal
The minimum deposit is $10. PaxForex accepts Neteller, Skrill / Moneybookers, and Nether for deposit and withdrawal. The Withdrawal process time is 1 business day as well as 5-15 business days for the funds to traders' accounts. The fees are from 0%.
| Deposit Methods | Deposit Time | Min Deposit | Fees |
| Neteller | 1hour | 10 USD | 3.2%-3.7%+0.29 USD min $1 |
| Skrill / Moneybookers | 1hour | 10 USD | 2.9%-3.9%+0.38 USD |
| Withdrawal Methods | Withdrawal Time | Min Withdrawal | Fees |
| Credit/ debit cards | 1 business day(traders also receive 5-15 business days for the funds to traders' accounts | 15 USD | 5.5%(Min 10 USD) |
| Skrill(Moneybookers) | 1 Working Day | 10 USD | 1%-3.9%+0.35 USD |
| Neteller | 1 Working Day | 10 USD | 0% |
Bonus
Deposit $1200 or more and PaxForex will match your deposit with bonus money. Loyal Deposit Bonus 100%.
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