PaxForex Review for 2019

PaxForex Rated 3/5
PaxForex have a low rating. We recommend you look at one of their alternative brokers.
Good alternatives to PaxForex

PaxForex Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of PaxForex we break down the pros and cons. What PaxForex are able to offer, what countries PaxForex are available in. Who PaxForex are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open PaxForex's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to PaxForex

With this review we hope to help you see if PaxForex is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding PaxForex that will help you get off to a good start in the world of online trading.

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 , and in operation for 2019 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.

What we like

  • Used by over 10,000 traders
  • Established in
  • Regulated by Unregulated
  • Min. deposit from $10

What we don't like

PaxForex General Fees

  • PaxForex withdrawal fees varies on payment method
  • PaxForex does charge inactivity 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 Interactive Brokers and XTB below.

FX / Currencies paxforex IB XTB
# of forex pairs offered 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs No Yes
Exotic forex pairs No Yes
Cryptocurrencies No No Yes
Commodity CFDs PaxForex Interactive Brokers XTB
# of commodities offered 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural Yes Yes Yes
Indiced & Stock CFDs PaxForex Interactive Brokers XTB
# of Stocks offered 1500
UK Shares Yes Yes Yes
US Shares No Yes Yes
German Shares No Yes Yes
Japanese Shares No Yes Yes
paxforex's
Instruments
IB's
Instruments
XTB's
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 platforms

PaxForex 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 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, but as a guide, PaxForex offer margin up to % on currencies.

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 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 below 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.