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PaxForex Guide – Read our In-Depth PaxForex Review

This PaxForex review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this PaxForex review does not apply to US users.

This PaxForex review contains the latest information about PaxForex.

If you're a new entrant in the realm of trading and broker, so many details will be perplexing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of brokerage as you continue trading. For starters, you need to select the right agent who will be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment plan will generate hefty returns. PaxForex is one such platform that will take you along with your investment to great heights. It is crucial that you understand all about PaxForex before you trust them with your money.

PaxForex review

Our entire PaxForex Review covers everything you need to know about trading with PaxForex. A fantastic agent can multiply your first investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that aligns with your investing goals.

There's absolutely no sure-fire method to guarantee profits; thus, you must carefully analyze your broker before you select them. It's a common misconception that all brokers are the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.

PaxForex is a broker that has forged its way successfully to the broker world. Within this review, we've attempted to collate a number of the vital aspects of PaxForex. This review can help you to know whether PaxForex is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.

PaxForex Review, Table Of Contents

Who are PaxForex?

PaxForex is a forex broker headquartered in Saint Vincent and the Grenadines and provides a variety of instruments for online trading. Since its beginning in 2010, PaxForex has emerged as a leading player in the industry of online brokerage. PaxForex has a highly aggressive and full-featured trading site that's focused on forex, indices, metals, shares, commodities.

Over the past 11 years, PaxForex has grown into one of the leading online brokers.

After launching in 2010, their client base is becoming as large as 350+ clients.

PaxForex is a favorite of many dealers because of its negative balance protection. Our PaxForex review found that they are an superb choice for automated trading options. It's most appropriate for investors that are looking for an assortment of assets. Social and automated trading solutions are the heart at PaxForex.

Technology plays a significant role in PaxForex. PaxForex offers trading on Web,iPad,mac,Desktop,iPhoneiOS. PaxForex is honest, transparent, and a well-regulated broker by the Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825. Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also supply in-house research.

The trader resource section at PaxForex is very enlightening for new traders since it allows them to get a closer look at the financial markets. PaxForex caters to all sorts of traders and are a must-have broker for any well-diversified method of trading.

Benefits of trading with PaxForex?

Trading with PaxForex comes with numerous benefits. These benefits are what sets PaxForex ahead of the rest of the online brokers. You should check all of the benefits listed so that you have a better understanding of PaxForex.

The agent goes to great lengths to comprehend what dealers need. Consequently, the support cost is low, quick, and convenient. The broker also gives a number of programs for all kinds of traders. PaxForex ensures that the individual needs of all traders are duly met.

PaxForex also includes excellent trading conditions that are readily available to only an elite group of institutional customers. The tight spreads and fast executions are a fantastic advantage for the traders. The technology adopted by PaxForex is among the maximum caliber, ensuring that it is fast, dependable, and efficient.

PaxForex acknowledges the significance of owning a fast order execution. A fast execution enables users to exchange without fretting about slippage safely. It is going to also help the traders to grab the utmost profitable opportunities.

Automated trading is another major aspect of PaxForex. A new trader can learn from business experts utilizing the automated trading option. The tight spread begins from as low as 0.0 pips, though they are available for just razor balances.

PaxForex has over 188 trading tools to support all kinds of traders. These instruments are dynamic and convenient for both the new and experienced traders. The traders can put aside all their worries when trading using PaxForex.

PaxForex overview

Year Founded: 2010

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+

Your capital is at risk

If you feel that PaxForex is not right for you then at the bottom of this PaxForex review you wil find a lot of alternatives to PaxForex.

What you ought to know about trading using PaxForex

PaxForex is a dynamic platform that provides various methods of online trading. These instruments cover the financial markets substantially. The Majority of the brokerage platforms provide less approaches than PaxForex

If you wish to exchange with PaxForex, you'll require a minimum deposit of $10. This deposit is compulsory if you want to start trading using PaxForex. This 2021 PaxForex review will direct you easily about trading with them.

PaxForex is as versatile as any other brokerage platform. PaxForex is excellent for traders that want a manageable variety of cheap services. The programs offered by PaxForex are third party, white-label offerings. All traders can pick out of Web,iPad,mac,Desktop,iPhoneiOS.

Along with everything, PaxForex has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a transaction must be kept available. The brokers offer premium customer service that rewards customers with advantages.

Many unethical brokers attempt to pressurise customers into bigger funding for superior services. PaxForex, on the other hand, is more focused on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the more advantages will come along.

PaxForex accounts are available all over the world and provides quality service everywhere they have customers. There are a few countries where PaxForex accounts are not available. Traders in the following countries cannot open or use a PaxForex account:

Is PaxForex Safe To Trade With?

Established in 2006, PaxForex has been operating for 11 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 ploicies in place to maintain investor's assets secured. This means that PaxForex users do not need to be worried about their money as it is segregated and safely stored in established banks. SSL encryption simplifies each user's private information as well.

You can make use of an option for Two Factor Authentications (2FA) with PaxForex for heightened security. An SMS for the confirmation code will be sent to your phone. You'll be required to enter this code to log in to your account.

Another concern with financial brokers is in regards to safety might be manipulation of trading. This is highly disadvantageous to users on those platforms. Nonetheless, this is much more widespread in the example of Market Maker agents who compete with users on the platform.

Pro's & Con's Of Trading With PaxForex

Every online trading platform has some 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 trusted by 350+ clients
  • PaxForex offers Negative Balance Protection
  • PaxForex offers Guaranteed Stop Loss
  • PaxForex doesn't charge withdrawal fees
  • PaxForex doesn't charge inactivity fees
  • PaxForex doesn't charge deposit fees
  • PaxForex doesn't charge CFD fees
  • PaxForex offer trading on Web,iPad,mac,Desktop,iPhoneiOS
  • PaxForex offer 188 trading instruments
  • PaxForex trades major forex pairs
  • PaxForex trades minor forex pairs
  • PaxForex trades exotic forex pairs
  • PaxForex offers trading on cryptocurrencies
  • PaxForex can communicate in English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

PaxForex Con's

    PaxForex Review - Compare Brokers Similar To PaxForex

    PaxForex ForexMart Vantage FX Roboforex
    Rating 4/5 4/5 4/5 4/5
    Minimum Deposit $10 $1 $200 $1
    Year Founded 2010 2015 2008 2009
    Headquarters Saint Vincent and the Grenadines Cyprus Australia Cyprus
    Regulated By Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 Cyprus Securities and Exchange Commission (CySEC) Australian Securities & Investment Commission (ASIC) Cyprus Securities and Exchange Commission (CySEC)
    Clients 350+ 10,000+ 10,000+ 10,000+
    Find Out More
    Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Losses can exceed deposits

    PaxForex Review - Regulation And Licencing In More Detail

    PaxForex is regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.

    PaxForex, as a business, has a powerful collection of rules for ensuring fair trading onto its platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).

    As per the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

    PaxForex Review - Awards

      At the time of writing this PaxForex review, they had not received any awards.

    PaxForex Review - Minimum Deposit Required

    The minimum deposit that you must deposit to begin on PaxForex is $10. This is a decent amount for those just beginning. You can create more complex deposits as you go along. But, make certain you understand how to make the most of your money before investing in larger amounts.

    PaxForex Review - Commission And Fees Explained

    PaxForex is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. In other words, an internet broker is not necessarily influenced by the amount of customers they have.

    But this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of penalties for this purpose.

    The first kind of fees to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such cases, you're spending a spread, financing rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.

    Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than daily.

    Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for operations like depositing cash, not trading for long periods, or withdrawals.

    Generally, PaxForex doesn't charge high fees compared to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a smaller sum. This is beneficial for people who often exchange, such as daily or weekly trading.

    However, non-trading fees charged by PaxForex are relatively greater. Consequently, you are charged more for non-trading actions on your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.

    This PaxForex review breaks down every one of the applicable non-trading fees for you in detail.

    Compare broker fees against PaxForex

    PaxForex ForexMart Vantage FX Roboforex
    Minimum Deposit $10 $1 $200 $1
    Withdrawal Fees 10 5 0 Yes
    Inactivity Fees No No No
    Deposit Fees No for deposits over $300 Yes No
    CFD Fees No Yes No

    PaxForex Review - Withdrawal Fees Explained

    PaxForex doesn't charge withdrawal fees

    Withdrawal of cash is possible at any moment from the PaxForex account. It's possible to draw up sums to the sum of your account balance, keeping aside the margin used. 1 thing to remember is that you don't always have to have any cash on your account.

    Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Therefore, if you used a credit card for deposits, then the withdrawn cash will be sent into the card. PaxForex will ask you to offer other withdrawal methods in case 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 depend on the currency you are choosing to withdraw in.

    PaxForex Review - Inactivity Fees Explained

    Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your head while open an account with PaxForex. An inactivity fee is an amount charged to registered traders that haven't participated in buying or selling for a while. The period considered inactive is determined by the agent.

    The inactivity fee differs from one broker to another and isn't generalized. If a traders account does not have a buying or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this commission under conditions and terms that they had consented while enrolling.

    PaxForex doesn't charge inactivity fees so you are free to pop in and out of your account as needed

    Even if no charges have been implied by PaxForex, it is better that you close the account if you are inactive. Inactivity fees aren't only charged by brokerage companies but also many financial services.

    For other trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to many conditions and should be disclosed clearly by the agent beforehand.

    PaxForex Review - Deposit Fees Explained

    When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most brokers don't charge too much money for this operation.

    PaxForex doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

    Depositing money on the PaxForex trading platform is easy. You simply have to complete a single-user profile questionnaire to start depositing money into your trading account. You will need to give an identity evidence and proof of residency to deposit large amounts.

    PaxForex Review - Compare Broker Deposit Methods

    PaxForex ForexMart Vantage FX Roboforex
    Minimum Deposit $10 $1 $200 $1
    Credit Card Yes Yes Yes
    PayPal No No No
    Neteller Yes Yes Yes
    Skrill Yes Yes No
    Payoneer No No Yes

    What Can You trade With PaxForex?

    Note: PaxForex provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered may 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, ForexMart, Vantage FX & Roboforex below.

    PaxForex ForexMart Vantage FX Roboforex
    Platforms Web, iPad, mac, Desktop, iPhoneiOS MT4, WEB, desktop MT4 MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps
    Instruments Available 188 111 247 100
    Forex & Crypto
    Forex Pairs Available 62 100 35
    Offers Major Forex Pairs? Yes Yes Yes Yes
    Offers Minor Forex Pairs? Yes No No Yes
    Offers Exotic Forex Pairs? Yes No Yes Yes
    Offers Cryptocurrencies? Yes Yes Yes No
    Commodity CFD's
    Commodities Offered 40 0 0 0
    Trade Metals? Yes Yes Yes Yes
    Trade Energies? No Yes Yes No
    Trade Agricultural? No Yes Yes No
    Indiced & Stock CFDs
    Stocks Offered 42 0 0 0
    Trade UK Shares? No Yes Yes No
    Trade US Shares? Yes No No No
    Trade German Shares? No No No No
    Trade Japanese Shares? No No No No

    Your capital is at risk

    Your capital is at risk

    Your capital is at risk

    Losses can exceed deposits

    Alternatives To PaxForex

    If, after studying this PaxForex review, PaxForex does not fulfill your requirements check out these PaxForex alternatives.

    We have scoured the web to find the best alternatives to PaxForex. Click on the links below to learn more.

    Frequently Asked Questions about PaxForex

    Can I try PaxForex before I buy?

    Yes, you can most definitely try PaxForex before you buy. PaxForex offers 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 for a demo account on PaxForex, you may set out with a decent amount of virtual currency. It's to establish a sense of security and confidence in you before you choose to invest your own money.

    With this digital PaxForexdemo account, you are able to experiment in any way, to whatever period you wish. You might even open positions, test different trading approaches, and more.

    PaxForex specifies on its official site which you can trade real time stocks with your demo account.

    Is PaxForex safe?

    It is possible to drop all of your worries because we believe that PaxForex is completely safe to use. It is in compliance with the principles 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 withPaxForex is perhaps simple enough to be a cakewalk. 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.

    Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with PaxForex is $10. You should have a good hold over the nuances of online trading before you set out and trade with real money.

    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 various payment methods at your fingertips.

    You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in all country. The currencies PaxForex

    Is my money safe with PaxForex?

    Yes, your money is safe and secure with PaxForex. As you know, PaxForex works with proper conformation to. It's established lots of steps to protect all of its investors.

    PaxForex safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.

    If you wish to further safeguard your account, it is possible to enable Two-Step Verification as well. It requires an SMS confirmation that you access your account.

    Is PaxForex trading good?

    Yes, trading via PaxForex is a nice and decent experience indeed. It's an excellent and intuitive platform with useful features for your ease. In addition, you could even obtain access to a vast collection of educational tools and assistive material to kickstart your trading expertise.

    If you remain skeptical, you can open a eToro demo account and evaluate the trustworthiness of the platform on your own.

    Which Countries does PaxForex support?

    PaxForex operates around the globe. However, due to regulations there are some countries that PaxForex do accept clients from

    Is PaxForex legit?

    PaxForex is a legit company headquarted in Saint Vincent and the Grenadines since 2010. 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 a great agent, and its users can vouch for this. The highlight of this platform is its quick order execution on trades.

    You'll find the clean layout of the platform along with the commendable features a pleasure 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 reaffirm their trustable nature.

    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 the withdrawal from PaxForex to show in your bank account.

    Are PaxForex regulated?

    PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825

    Is PaxForex a market leading broker?

    PaxForex is currently one of the industry leaders. It has over 350+ registered customers and over 11 years of experience on its record. They are one of the world's leading trading platforms and also a prominent figure in the Fintech revolution.

    It majorly owes this standing to its incredible platform and wide selection of resources plus tools so you can put money into 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, several traders make a great deal of cash. But on average, through consistent trading, you also can make between 2% - 10% profit a month.

    This may seem like a little number, but within the year, this adds to a significant amount of gains. While PaxForex provide you all of the tools to earn money, they can't guarantee you will gain.

    Does PaxForex have fees?

    Yes. To begin trading using PaxForex, you need to deposit $10. Certain commissions while trading also apply. Any processing fees from your bank might need to be incurred by you.

    When was PaxForex founded?

    PaxForex was founded in 2010 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 worldwide recognised agent with 350+ customers.

    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's specially offered while the industry volatility prevents customers from letting their accounts go in the red. In a situation like this, PaxForex provides the ability to reset a clients account balance to zero.

    You are able to go through the critical stipulations on PaxForex's site to understand their policies.

    Does PaxForex offer guaranteed stop loss?

    Yes, PaxForex offer a guaranteed Stop Loss order.

    When there is no free margin left with the client, 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 do permit scalping. Several traders throughout the world choose PaxForex for their services that are trading. They offer trading on Web,iPad,mac,Desktop,iPhoneiOS 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.

    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 learn their systems before risking any real money.