PaxForex what you should know
PaxForex offer three ways to trade: Forex trading, CFD trading, .
With PaxForex you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with PaxForex platform.
PaxForex are able to accommodate various levels of traders whether you are experienced or a beginner.
Are PaxForex safe?
When choosing a broker like PaxForex the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.
Established in 2008, and in operation for 11 years PaxForex have a head office in Saint Vincent and the Grenadines.
PaxForex is regulated. This means PaxForex are supervised by and is checked for conduct by the Unregulated regulatory bodies.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PaxForex, this will be honored. If PaxForex violate any regulatory rules their regulated status could be stripped.
Any payments funded to PaxForex accounts by traders are held in a segregated bank account.
For added security PaxForex use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.
Try creating two accounts when you are working with PaxForex. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.
Open a demo account Visit PaxForex
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
PaxForex General Fees
- PaxForex withdrawal fees varies on payment method
- PaxForex does charge inactivity fees
- PaxForex does charge deposit fees
PaxForex Commissions
- PaxForex does charge commission on CFD shares.
What can you trade with PaxForex?
You can trade a wide variety of instruments with PaxForex over 188 instruments infact.
If you are looking at trading currency pairs PaxForex offer over currency pairs.
Compare PaxForex with XTB and Plus500 below.
| FX / Currencies | paxforex | XTB | Plus500 |
|---|---|---|---|
| Forex pairs offered | 50 | 100 | |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | No | Yes | Yes |
| Exotic forex pairs | No | Yes | Yes |
| Cryptocurrencies | No | Yes | Yes |
| Commodity CFDs | PaxForex | XTB | Plus500 |
|---|---|---|---|
| Commodities offered | 0 | 21 | 17 |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agricultural | Yes | Yes | Yes |
| Indiced & Stock CFDs | PaxForex | XTB | Plus500 |
|---|---|---|---|
| Stocks offered | 1696 | 1816 | |
| UK Shares | Yes | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
|
paxforex Instruments |
XTB Instruments |
Plus500 Instruments |
Trading on PaxForex web platforms and other applications
PaxForex offer a user-friendly custom trading platform, available as both a downloadable program or as a browser based WebTrader. If you are looking for a MetaTrader broker, see our comparison of MT4 brokers here.
An PaxForex IOS or Android native App on your phone or tablet will Work quicker Than the Avatrade Website on the same device
PaxForex also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.
See paxforex's platformsPaxForex Trading benefits :
- Allows scalping
- Offers STP
- Low min deposit
PaxForex Trading Accounts Offered :
- Standard account
- ECN account
- MAM/PAMM account
- Islamic account
Can I try PaxForex before I buy?
PaxForex offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade
What funding and withdrawl methods do PaxForex accept?
PaxForex offer the below funding payment methods. learn more about PaxForex
- Credit cards
How can I start trading with PaxForex?
When opening a trading account with PaxForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on PaxForex trading platforms here.
Performing trades with PaxForex
PaxForex allow you to execute a minimum of trade of varies. This may vary depending on the account you open. PaxForex allow you to execute a maxium trade of varies. As PaxForex offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.
Education resources at PaxForex
To trade effectively with PaxForex, it's important to get a have a good understanding of the XTB trading tools and the markets.
PaxForex offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.
Having an analytical approach may be a good way to approach trading with PaxForex.
Take time to look around the PaxForex platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.
Support at PaxForex
PaxForex support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian
What you will need to open an account with PaxForex
As PaxForex is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore PaxForex's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with PaxForex you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://paxforex.com/ on 12th August 2018.
PaxForex not quite right?
Check out these PaxForex Alternatives
We have spent years researching the best alternatives to PaxForex. Click the links below to learn more.
If you feel some of the above PaxForex are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of PaxForex alternatives below.
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Related PaxForex Comparisons
If you would like to see how PaxForex stands up against other brokers you can read some of our PaxForex comparisons below. We compare side by side some of our top rated PaxForex versus comparisons. Read some indepth PaxForex VS pages below.
PAXFOREX Frequently Asked Questions
Can I try PaxForex before I buy?
PaxForex do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here
What funding methods do PaxForex accept?
PaxForex offer the following funding payment methods accept Credit cards, among other payment methods.
Learn more here
How can I start trading with PaxForex?
When opening a trading account with PaxForex, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on PaxForex trading platforms here.
Is my money safe with PaxForex?
PaxForex is regulated by Unregulated. One of the most important criteria for traders when choosing a broker like PaxForex is the regulatory body and regulatory status of the broker.
Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.
Regulated brokers will not manipulate market prices. When you send in a withdrawal request to PaxForex, this will be honored.
If they violate any regulatory rules their regulated status can be stripped.