PaxForex Review: Pros & Cons | for 2025
This PaxForex review has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about PaxForex to give you the most comprehensive guide available.
PaxForex is a reputable trading partner that was founded in 2011. They have around 5 employees that help the company provide , to 350+ customers through Web, iPad, mac, Desktop, iPhone iOS.
PaxForex Guide – Read our In-Depth PaxForex Review
PaxForex Rating: 7.08 / 10
This PaxForex review page contains information about investing with PaxForex. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
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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.
Please note that due to regulations, the content in this review of PaxForex does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This PaxForex review contains the most recent info about PaxForex.
If you are a new entrant in the world of trading online and brokerages, so many facts will no doubt be confusing for you. Getting into the area of trading online requires expert analytical skills and comprehensive knowledge. You'll acquire proficient at all the concepts of trading online and brokers while you keep trading. For starters, you need to choose the ideal online trading platform who will consistently be clear with you.
Within the fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment online broker could aid you in minimising any losses and maximising any profits. PaxForex is just one such platform which will assist you. It is crucial that you understand all you can about any broker until you trust them with your cash.
When engaging in online trading with platforms such as PaxForex, it's crucial to meticulously examine PaxForex as your broker, as this choice can determine your success. Selecting the right broker is vital for your PaxForex investments to prosper. However, be cautious of fraudulent and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be cautious and methodical in your PaxForex broker selection to protect your hard-earned money. Performing your due diligence and researching the credibility of PaxForex, its track record, and reputation is vital. Moreover, ensure the PaxForex broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, PaxForex should be a supportive ally on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with PaxForex into easily understandable information in this PaxForex review. Our goal is to equip you with the knowledge necessary to confidently use PaxForex trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with PaxForex are the cornerstone of successful trading. As such, we've provided this comprehensive PaxForex review. So, make yourself comfortable, grab a cup of coffee, and immerse yourself in learning about PaxForex and how it can work to your advantage, or if PaxForex might not be the right fit for you.
PaxForex Review for 2025 – Brief Overview
PaxForex Telephone: | +44 844 507 0446 |
PaxForex Support Email: | info@paxforex.org |
PaxForex Address: | 16 St Georges St, Douglas, Douglas IM1 1JD |
Year Founded: | 2011 |
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+ PaxForex users and traders |
PaxForex TrustPilot: | https://uk.trustpilot.com/review/paxforex.com |
PaxForex LinkedIn: | https://www.linkedin.com/company/paxforex-broker |
PaxForex Facebook: | https://www.facebook.com/PaxForex.Best.Forex.Broker |
PaxForex Facebook Likes: | 5,706 |
PaxForex Twitter: | @PaxForex |
PaxForex Twitter Followers: | 2,719 |
PaxForex Instagram: | https://www.instagram.com/pax_forex/ |
PaxForex Instagram Followers: | 16,700 |
PaxForex Youtube: | |
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. |
Our entire PaxForex review for beginners covers all you will need to learn about trading with PaxForex. A fantastic broker can take your initial investments and help to protect it from losses but also provide you a platform that can help to give you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investing goals.
Of course, there's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
PaxForex is a trading partner that has forged its way successfully into the broker world. Within this review, we've attempted to collate some of the vital aspects of PaxForex. This guide will help you to understand whether PaxForex is a fantastic fit for your own investments or not. We've attempted to breakdown all of the features and charges for your convenience.
Who are PaxForex?
PaxForex is a online trading broker with its headquarters in Saint Vincent and the Grenadines and provides a range of instruments for online trading. Since its establishment in 2011 they have emerged as a top-tier player in the field of online trading. PaxForex has an extremely competitive and full-featured trading website that is focused on currency, indices, metals, stocks , commodities.
Over the past 14 years, PaxForex has developed into one of the leading online brokers available to the public.
After launching in 2011, their consumer base has increased to 350+ clients.
PaxForex is a favourite for many traders because of its negative balance protection. Our PaxForex account review found that they're a superb alternative for online trading solutions. They're best suited for investors who are looking for a variety of assets. Social and easy to use trading options are the heart at PaxForex.
Technology plays a significant role in PaxForex. They features trading on Web, iPad, mac, Desktop, iPhone iOS. PaxForex is honest, transparent, and a well-regulated agent by the Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825. Their outstanding array of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.
The trader resource department at PaxForex is quite comprehensive for new traders since it allows them to get a closer look at the financial markets. PaxForex caters to all types of traders and are a must-have broker for almost any well-diversified approach to trading.
Benefits of trading with PaxForex in 2025
Trading with PaxForex includes many benefits. These advantages are what sets PaxForex apart from all other online agents. You should check all the benefits listed so you have a better comprehension of PaxForex.
The broker goes to great lengths to comprehend what dealers need. Consequently, the service, fast, and convenient. The agent also gives a number of programs for all types of traders. PaxForex ensures that the individual needs of all traders are met to the best of their capabilities.
PaxForex also features excellent trading conditions which are available to all and not just an elite group of institutional clients. The tight spreads and quick executions are a great benefit for all traders. The technology embraced by PaxForex is among the highest caliber, ensuring that it's fast, dependable, and effective.
PaxForex admits the significance of owning a fast order execution. A quick implementation enables users to exchange without worrying about slippage safely. It will also help the traders to grab any opportunities.
Copy trading is another important facet of PaxForex. A new trader can learn from industry experts using the automated copy trading alternative. This means you can see the best performing brokers and instantly copy their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, PaxForex offers social trading which encompasses leading traders sharing their knowledge with the community. PaxForex's social trading platform allows traders to share their expertise with others to build a community of investors and traders. Which stocks they are following, what stocks to buy, and what stocks to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. This is independent copy trading.
PaxForex has over 188 trading instruments to support all types of traders. These tools are lively and suitable for both the new and experienced traders. All dealers can put aside all their concerns when trading with PaxForex.
PaxForex Overview
Year Founded: 2011
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+
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.
If you feel that PaxForex is not right for you then at the bottom of this PaxForex review you will find a lot of alternatives to PaxForex.
Everything you should know about trading using PaxForex
PaxForex is a dynamic platform that provides various methods of online trading. These tools cover the monetary markets considerably. The Majority of the brokerage platforms offer less methods than PaxForex
If you would like to trade with PaxForex, you will require a minimum deposit of $10. This deposit is mandatory if you would like to start trading using PaxForex. This 2025 PaxForex review will direct you clearly about trading with them.
PaxForex is as flexible as any other brokerage platform. PaxForex is excellent for traders who want a manageable range of cheap services. The programs provided by PaxForex are third-party, white-label offerings. All traders can choose from Web, iPad, mac, Desktop, iPhone iOS
Together with everything, PaxForex has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time on which a transaction has to be kept open. The agents provide premium client service that rewards customers with benefits.
Many unprofessional brokers try to pressurise consumers into bigger financing for superior services. PaxForex, though, is much more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the greater benefits will come along.
PaxForex accounts are available globally and provides excellent service everywhere they have clients. There are some select few countries where PaxForex accounts are not available. Traders in the following countries cannot open or use a PaxForex account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is PaxForex Safe To Trade With In 2025?
Established in 2011, PaxForex has been open for 14 years, they have a head office 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 assets secured. This means that PaxForex users do not need to worry about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information as well.
You can make use of an option for Two Factor Authentications (2FA) with PaxForex for heightened safety. An SMS with the confirmation code will be sent to your phone. You'll be asked to input this code to log in to your accounts.
Another concern with online brokers with respect to security might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is more prevalent in the example of Market Maker brokers who compete with customers on the stage.
PaxForex Risk Disclaimer
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.
Pro's & Con's Of Trading With PaxForex
Every online trading platform will have a few pros and cons 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 highly rated by us.
PaxForex is regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.
PaxForex has been trading for 14 years.
PaxForex offers customer support over the phone.
PaxForex provides customer support over email.
PaxForex gives access to customer support over livechat.
PaxForex offers guaranteed stop loss.
PaxForex offers negative balance protection.
PaxForex has a low minimum deposit requirement.
PaxForex doesn't charge inactivity fees.
You can trade Cryptocurrencies with PaxForex.
PaxForex offers social trading.
PaxForex offers copy trading.
PaxForex allows scalping.
PaxForex allows hedging.
PaxForex allows commodity trading.
You can trade metals with PaxForex.
PaxForex Con's
PaxForex hasn't won any awards. PaxForex charges withdrawal fees. PaxForex only has a small staff. You can't trade energies with PaxForex.Compare Brokers Similar To PaxForex
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 strong set of rules for ensuring fair trading on its own platform. For information encryption functions, it provides an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial details.
PaxForex Awards
At the time of writing this PaxForex review, and despite PaxForex’s impressive offering, the company has surprisingly not garnered any awards to date.PaxForex Trading Platforms
PaxForex are a professional broker that has been open for over 14 years. They offer a large range of options in their user accounts.
Below we take the main parts of any good online broker and compare PaxForex against Startrader, and freetrade.
PaxForex MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with PaxForex in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. PaxForex MetaTrader 4 is compatible with the latest macOS. PaxForex allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and PaxForex
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With PaxForex MetaTrader 4 On iOS Devices
You can download the PaxForex app or also trade with PaxForex through the MetaTrader 4 application on the Apple app store.
Download the PaxForex MetaTrader 4 Program free of charge from Apple's App Store. PaxForex customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With PaxForex MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. PaxForex provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 350+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android PaxForex MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you need to begin on PaxForex is $10. This is an adequate amount for those just starting out. You can make more complex residue as you cooperate. But, ensure you know how to make the most of your money before investing in larger sums.
Commission And Fees Explained
PaxForex is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of clients they have.
But this does not mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of fees to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In these cases, you are paying a spread, financing rate, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for things like depositing cash, not investing for lengthy periods, or withdrawals.
In general, PaxForex does not charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often trade, such as weekly or daily trading.
But, non-trading fees charged by PaxForex are comparatively lower. Consequently, you are charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These aren't about the purchase and sale of assets.
This PaxForex review breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees Of PaxForex
PaxForex Withdrawal Fees Explained
PaxForex charges a withdrawal fee if you create a bank transfer. Every time you move money into your bank account, these withdrawal fees become important.
Withdrawal of money is possible at any moment from your PaxForex account. You can draw up sums to the sum of your account balance, keeping aside the perimeter used. One thing to remember is that you don't always have to have any cash in your accounts.
Moreover, the withdrawn money will be moved directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, then the withdrawn cash is going to be sent into the cardPaxForex will ask you to offer 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 applicable. The conversion fee will be dependent on the money you're opting to withdraw in.
PaxForex Inactivity Fees Explained
PaxForex doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are indicated by PaxForex, it is best that you close the account if you are inactive. Inactivity fees aren't only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to a lot of circumstances and should be disclosed clearly by the agent beforehand.
PaxForex Deposit Fees Explained
When you move money in your trading account by your bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this particular operation.
PaxForex charges a deposit fee for transferring money into your trading account.
Depositing money onto the PaxForex trading platform is easy. You simply need to finish a single-user profile survey to start depositing money into your trading account. You'll have to provide an identity evidence and evidence of residency to deposit substantial amounts.
Compare PaxForex Vs Other Broker Deposit Methods
What Can You Trade With PaxForex in 2025?
Note: PaxForex provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will be different depending 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, Startrader & freetrade below.
PaxForex Trading App Review
Note: PaxForex's mobile app has a lot of functions and is being developed all the time. The table below was correct at the time of compiling this PaxForex broker review.
Understand the capabilities of the mobile apps of PaxForex, Startrader & freetrade below.
Trading Education Available At PaxForex
Understand the trading resources available with PaxForex, Startrader & freetrade below.
PaxForex Customer Support
While collating our PaxForex broker review we tested the customer service options, response times and on the PaxForex trading platform issue solving effectiveness. PaxForex support many languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
PaxForex Live Chat Support
We tried the live chat on PaxForex and it works well. We made a request via PaxForex livechat via their app and web site and received a response in less than 20 seconds. There was sometimes no response.
We have tested communication through PaxForex support in a variety of languages across multiple countries. PaxForex were capable of resolving our customers' issues.
PaxForex Phone Support
We made a call to PaxForex and the call was answered very quickly. The call was answered within less than 5-10 minutes.
The PaxForex phone support team was able to effectively address our queries and problems over the phone. We tried the multi-lingual PaxForex team by calling them in various languages. PaxForex made an effort to make sure all of our questions were answered.
Overall, the phone support from PaxForex was good.
PaxForex Email Support
We have sent numerous email to PaxForex and the response times were all good. The fastest email response time from PaxForex was 4 hours and the longest response time was 3 days! There were times when there wasn't a response. Support response times may vary for you at PaxForex, but this was our experience sending 10 emails at varying times.
The team solved and responded to our queries. Average email support from PaxForex was very good.
Alternatives To PaxForex
If, after reading this PaxForex review, they don't quite meet your requirements check out these PaxForex alternatives.
We've scoured the internet to find the best alternatives to PaxForex. Click on the hyperlinks below to learn more.
Frequently Asked Questions
Can I try PaxForex before I buy?
Absolutely! you can most certainly try PaxForex before you buy. PaxForex provides demo accounts for the convenience of new traders. You can use this feature to build your faith in the system and yourself and your trading strategies.
If you register to get a demo account on PaxForex, you may set out with a decent amount of virtual money. It's to establish a feeling of security and confidence in you before you choose to spend your own money.
With this digital PaxForexdemo account, you are able to experiment at all, to whatever length you desire. You might even start positions, examine different trading strategies, and much more.
PaxForex shows on its official website how you are able to trade real time stocks in a demo account.
Is PaxForex safe?
You can drop all of your worries because we believe that PaxForex is completely safe to use. It's in compliance with all the rules of Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.
Luckily, PaxForex provides assured stop-loss protection.
Why does PaxForex ask for my passport?
The reason that PaxForex asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, PaxForex has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, PaxForex must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with PaxForex?
The process to start trading with PaxForex is super simple. You need to begin by signing up on the PaxForex website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but PaxForex are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with PaxForex is $10. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with PaxForex.
The best way to kickstart your trading career with PaxForex is to open a demo account facility before risking any real money
What funding methods do PaxForex accept?
There are multiple ways to finance your account with PaxForex. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must keep in mind that PayPal isn't available in every country. The monies PaxForex accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit methods you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is a possibility as well, even though it takes about 4-7 days.
Is my money safe with PaxForex?
Yes, your money is safe and secure with PaxForex. As you already know, PaxForex works with good conformation to regulations. It's established lots of steps to protect all of its investors.
PaxForex safeguards its customers' personal and sensitive information under SSL encryption. Your capital will be kept highly secure in top-tier banks.
If you want to further safeguard your accounts, it is possible to enable Two-Step Verification also. It takes an SMS affirmation that you get your accounts.
Is PaxForex trading good?
Yes, trading via PaxForex is a nice and good experience indeed. It is a great and intuitive platform with helpful features for your ease. In addition, you can even obtain access to a huge selection of educational resources and assistive material to kickstart your trading experience.
If you are still skeptical, you can open a eToro demo account and evaluate the credibility of the platform on your own.
Which Countries do PaxForex support?
PaxForex operates across the globe. However, due to regulations PaxForex does not accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is PaxForex legit?
PaxForex is a legit company headquarted in Saint Vincent and the Grenadines since 2011. They are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825. PaxForex is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is PaxForex a good broker?
PaxForex is an excellent broker, and its own users can vouch for this. The highlight of this platform is its fast order execution on transactions.
You'll find the clean layout of this platform and the commendable features that are pleasant to work with.
Is PaxForex a trustworthy broker?
Yes, PaxForex is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 350+ users registered with them can affirm to their trustworthy nature.
Click here to see the PaxForex TrustPilot page
What is the minimum deposit for PaxForex?
The minimum deposit to open a live account with PaxForex is $10
How long do PaxForex withdrawals take?
Normally, withdrawal of money from PaxForex is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from PaxForex to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is PaxForex regulated?
PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825
Is PaxForex a market leading broker?
PaxForex is indisputably one of the business leaders. It supports over 350+ registered users and over 14 years of experience on its own record. They're among the world's leading trading platforms and also a prominent figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide range of resources plus tools so that you can invest in capital markets.
Is PaxForex a con?
No, PaxForex is not a con. They are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 and must adhere to their rules. Thus, it is safe to say that PaxForex is not a scam.
Can you make money with PaxForex?
Through PaxForex, many traders earn a lot of cash. However, just like all online brokers, it is important to note that traders can also lose money. In particular, 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.
This can look like a small number, but within the year, it quickly adds to a substantial amount of gains. Even though PaxForex provide you all of the tools to make money, they can't guarantee you will profit.
Does PaxForex have fees?
Yes. To start trading with PaxForex, you have to deposit $10. Particular commissions while trading additionally apply. Any processing fees from your bank might have to be incurred by you.
When was PaxForex founded?
PaxForex was founded in 2011 in Saint Vincent and the Grenadines. PaxForex is regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.
How many people use PaxForex?
PaxForex is a globally recognised agent with 350+ clients.
Where is the PaxForex head office?
PaxForex has its head office in Saint Vincent and the Grenadines
Does PaxForex offer negative balance protection?
Yes, PaxForex has Negative Balance Protection. It is specially offered when the industry volatility keeps customers from letting their accounts go into the red. In such a scenario, PaxForex offers the ability to reset a customers account balance to zero.
You are able to go through the important stipulations on PaxForex's website to understand their policies better.
Does PaxForex offer guaranteed stop loss?
Yes, PaxForex offer a guaranteed Stop Loss order.
When there's absolutely no free margin left together with the customer, PaxForex will cease your positions. When the losses in the stopped out location exceeds your account balance, you may experience a negative account balance.
Does PaxForex allow scalping?
Yes, PaxForex does permit scalping. Many traders throughout the world select PaxForex for their services that are trading. They offer trading on Web, iPad, mac, Desktop, iPhone iOS which allow this.
Does PaxForex allow hedging?
Yes, PaxForex does allow hedging.
Can you trade energies with PaxForex?
No, unfortunately you cannot trade energy stock with PaxForex
Can you trade agricultural shares with PaxForex?
No, unfortunately you cannot trade agricultural stock with PaxForex
Can you trade cryptocurrency with PaxForex?
Yes, you can trade cryptocurrency with PaxForex
Can you trade metals with PaxForex?
Yes, you can trade metals with PaxForex
Can you trade UK Shares with PaxForex?
No, unfortunately you cannot trade UK shares with PaxForex
Can you trade US Shares with PaxForex?
Yes, you can trade US shares with PaxForex
Can you trade Japanese Shares with PaxForex?
No, unfortunately you cannot trade Japanese shares with PaxForex
Can you trade German Shares with PaxForex?
No, unfortunately you cannot trade German shares with PaxForex
Does PaxForex accept bank transfers?
Yes, PaxForex accepts bank transfers for depositing money.
Does PaxForex accept credit cards?
Yes, PaxForex accepts credit cards for depositing money.
Does PaxForex accept PayPal?
No, PaxForex does not accept PayPal.
Does PaxForex accept Skrill?
Yes, PaxForex accepts Skrill for depositing money.
Skrill (formerly Moneybookers) is a digital wallet provider established in 2001 which offers a range of online payment and transfer services.
Since launch, Skrill has expanded to operate in more than 120 countries, with its digital wallet available in more than 40 currencies. Customers can transfer funds to their Skrill wallet through a variety of options for payment, including credit card, bank transfer as well as a variety of alternative payment methods. The funds can then be used to make payments to merchants, other Skrill customers, or converted into cryptocurrency.
Skrill also offers cross-border payments through its remittance service Skrill Money Transfer. The service enables customers to transfer money to an account at a bank overseas using their bank card. The service was acquired in 2015 by the Paysafe Group. Skrill became part of the Paysafe Group along with former competitors Neteller and the prepaid payment company paysafecard.
Skrill has a variety of licenses that allow it to provide its services throughout Europe and globally. Skrill is operated via Paysafe Payment Solutions Limited, which is a company that is registered in Ireland and regulated by Central Bank of Ireland, for its European controlled operations. Skrill's operations outside the European Economic Area are operated by Skrill Limited - a company which is incorporated inside the United Kingdom and regulated by the Financial Conduct Authority.
Does PaxForex accept Payoneer?
No, PaxForex does not accept Payoneer.
Does PaxForex accept Neteller?
Yes, PaxForex accepts Neteller for depositing money.
Does PaxForex offer Live Chat customer support?
Yes, PaxForex offers customer support through live chat.
Does PaxForex offer phone customer support?
Yes, PaxForex offers customer support over the telephone.
Does PaxForex offer email customer support?
Yes, PaxForex offers customer support through email.
What languages can PaxForex communicate in?
PaxForex has the ability to communicate and support customers who speak: English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
Does PaxForex have a wikipedia page?
No, PaxForex does not have an official wikipedia page.
Does PaxForex offer demo accounts?
Yes, PaxForex offers demo accounts so you can test your trading strategies before risking any real money. Inexperienced traders can open a demo account in order to become better acquainted with the areas of Forex trading and test out some of the features before risking a live account.
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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?
- PaxForex Risk Disclaimer
- Pro's & Con's Of Trading With PaxForex
- Compare Brokers Similar To PaxForex
- PaxForex Regulation And Licencing
- PaxForex Awards
- Minimum Deposit Required For A Live Account With PaxForex
- PaxForex Commission And Fees
- Compare broker fees against PaxForex
- PaxForex Withdrawal Fees Explained
- PaxForex Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With PaxForex?
- PaxForex Customer Support
- PaxForex Live Chat Support
- PaxForex Phone Support
- PaxForex Email Support
- Alternatives To PaxForex
- Frequently Asked Questions About PaxForex