PaxForex reviews

PaxForex reviews

PaxForex is a company that opened in 2011 in the St. Vincent and the Grenadines Free Trade Zone, and is regulated there by the local regulator. It offers several accounts, by choosing one of which, the client receives fast execution of applications and a support team that is happy to serve 24 hours a day in several languages.

Trading platforms

PaxForex reviews

Clients can work in both desktop and mobile versions of Metatrader. It is a global provider whose platform is in deserved demand among traders around the world. It contains many tools for trading, options for automated trading and several options for orders. Trader gets access to dozens of technical indicators, several charts for currency pairs, and 9 timeframes for detailed price analysis. Trading is possible in a single click, which means you will not miss any entry point.

For managers with up to a hundred accounts, choose the MT4 MultiTerminal, which does not differ from the standard version.

The company offers five types of assets for trading:

Of course, this is the most famous market – the currency market,

In second place are the stocks of well-known companies,

For stronger players, there is an opportunity to invest in indices – FTSE100, SNP500, etc.,

For fans of trading in metals, there is an opportunity to trade on gold and silver.

Cryptocurrencies are the most popular right now, here you will find four major ones.

Trading commission

The company offers commission-free trading, and spreads on currencies start from 0.4 pips, cryptos from 3 pips, and indices from 9. There are fees for transferring a trade to the next day and for idling an account without activity.

Leverage

Standard leverage is 1:500, be aware of your risk of loss. We recommend that you calculate your free margin in order to be able to withstand the drawdown.

Mobile applications

For all clients of the company available application from Metatrader, and, moreover, is absolutely free. It is necessary to have a constant connection to Internet. Now, in the mobile version is also available charting, use of indicators, in general – all that is available from the desktop.

Payment methods

PaxForex reviews

All known methods of depositing to the account are available, this is a bank card, bank transfer and via cryptocurrency. In most cases, the funds are received within an hour. There is no commission for depositing money to the account, but the company takes care of the intermediary commission for amounts over $300. Funding is available for any amount starting from ten dollars.

As for the withdrawal – the commission is not charged, and the processing of payments takes a day, except in the case of withdrawal to the bank account, where the period may be extended to two weeks.

Demo account

Demo account is available for clients after the simple registration. It is an opportunity to test all the trading possibilities without any possibility of losing money. There is no time limit for demo accounts.

Bonuses and promotions

For new clients, the company offers a bonus on the deposit, which doubles the amount of your deposit. Available for funding from 1200 to 10000 dollars. More information can be found on the broker’s web page on the Internet.

Additional benefits

PaxForex reviews

The company has prepared educational content, a possibility to copy trades, currency market news, signals for deals opening and events calendar.

Types of trading accounts:

Cent – minimum start 10 dollars, very low value of the minimum lot – 0.0001, spread 2.4.

Mini – the deposit already 100 dollars, it is not high value of the entrance, proceeding from the offers of other brokers, the lot from 0.01, and the spread begins with value 1.4 points.

Standard – rather, the account for skilled traders, offer to begin from 2000 dollars, the spread is very competitive, only 0.4 points, transactions are opened with lot 0.01 and above, and the personal manager is provided.

VIP – for clients who appreciate individuality and priority performance, it is necessary to start with the amount of 10000 dollars, spread is minimal in the market, only from 0.4 points, an order is opened with 0.01 lots. Of course, a personal manager 24 hours a day.

You can get help on weekdays around the clock in several languages.

Means of contact:

Email – info@paxforex.com

Phone support – +44 2035040303

By filling out online forms

Online chat – our expert will answer in three languages: English, Thai and Russian.

In our opinion the fastest help will be received through the online chat, customers note that experts are competent in most issues.

Security

The security is ensured by encryption on MT and the company’s website, clients’ accounts are separated from the company’s accounts.

PaxForex Verdict

The company offers trading on low spreads with wide leverage. There is a choice of four types of accounts, the client will be satisfied, methods of deposit and Withdrawal of funds received on trade are varied and in most cases without commissions from the client. The big disadvantage is the weak regulation by the regulatory body.

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