Paxforex withdrawal

Actual forex bonuses

For all other withdrawal methods we do not apply fees. Please note that you may be charged for transferring funds using an external method unrelated to paxforex. All withdrawal requests are processed daily from 9:00 to 18:00 server time (GMT+2). Withdrawals are not executed on weekends and holidays. If withdrawal request was sent after 18:00 (GMT+2) of the current day, then it'll be transferred to the next working day. Funds withdrawals are available only to account holders. Money transfer to third parties is forbidden. Paxforex reserves the right to identify payee.
When withdrawing part of funds, it is not necessary to close open positions, however, the withdrawn amount can't exceed than the free margin. Paxforex does not bear responsibility for any losses caused by lack of money on your forex account. You should control margin requirements for open positions for yourself to minimize risk.

Paxforex withdrawal

All withdrawal requests are processed daily from 9:00 to 18:00 server time (GMT+2). Withdrawals are not executed on weekends and holidays. If withdrawal request was sent after 18:00 (GMT+2) of the current day, then it'll be transferred to the next working day. Funds withdrawals are available only to account holders. Money transfer to third parties is forbidden. Paxforex reserves the right to identify payee.
When withdrawing part of funds, it is not necessary to close open positions, however, the withdrawn amount can't exceed than the free margin. Paxforex does not bear responsibility for any losses caused by lack of money on your forex account. You should control margin requirements for open positions for yourself to minimize risk.

What is the minimum withdraw forex amount?

The minimum withdrawal is 10 USD or the equivalent amount in your base currency.

Are there any fees?

Paxforex does not charge any fees for the external transfer of funds from your forex account except for credit/debit card deposits, for which a 5.5% (min 10 USD) charge is applied to cover a portion of the total charges made by the card processors involved in the transactions. For all other withdrawal methods we do not apply fees. Please note that you may be charged for transferring funds using an external method unrelated to paxforex.

How do I withdraw? Is it easy?

Just login to mypaxforex and you will see a variety of forex withdrawal methods for you to use. If you require help in deciding which method to use, contact our customer support team by email, phone or live chat; they are available 24/5!

Are my transactions safe?

Yes, paxforex ensures safety, security, and reliability at all times. Using advanced encryption technology to ensure privacy and security over the internet. All communication is encrypted using SSL technology (secure socket layer). Passwords are encoded; making sure that only you know your password. All personal information is completely confidential; we do not share your information with any third parties.

Withdrawal methods	withdrawal time	min withdrawal	fees
bank transfer	processed within 1 business day, however takes 4 to 7 business days for the funds to be credited to your bank account, depending on your bank	100 USD	bank commission
credit/ debit cards	processed by us within 1 business day but you receive the funds to your account in 5 to 15 business days depending on your credit card provider	15 USD	5,5% (min 10 USD)
skrill (moneybookers)	1 working day	10 USD	from 1% up to 3,9% + 0,35 USD
neteller	1 working day	10 USD	0%
webmoney	1 working day	10 USD	0.8%
perfect money	1 working day	10 USD	2.5%
QIWI	1 working day	10 USD	1%
fasapay	1 working day	10 USD	0.5%
uphold	1 working day	10 USD	0%

Disclaimer (waiver of liability)

Goods and services, offered by us as a merchant are not provided on order or by request of a person or entity, running webmoney transfer system. We hereby act as an independent entity providing services and making independent decisions on pricing and offers. Entities, running webmoney transfer system do not receive any commission, interest fees or any other awards/refunds for the provided goods or services and are not liable for our activities.

Verification, performed by webmoney transfer system only confirms the accuracy of our contact details and proves our identity. Verification is performed by our own free will and doesn't mean or show our connection to the commercial activity of webmoney transfer system operators.

Forex broker paxforex

You are unlikely to find a more comfortable forex broker than paxforex. Our company provides forex customers the best possible conditions for successful forex trading. We have offers for both beginners and experienced traders. There are also many different bonuses, which are designed to help any forex trader in his profitable trading. The main engines of our progress at the financial trading forex market are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our forex traders. Today we are a well-known lowest spread forex broker trusted by hundreds of thousands of customers worldwide. We assure you that working with paxforex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced forex technologies.

Our basic principle is work in the interests of the client and providing optimal conditions for a comfortable and profitable forex trade. And we remain committed to this principle, all the way to company’s development. Our clients use the best forex broker trading technologies. They have constant access to the information data and major news from the world leading informational agencies. Our great team of analytics every day publishes an impressive amount of extremely useful information of technical and fundamental analysis, as well as economic news. Today our services are used by forex clients around the world: from asia to north america. Among them are beginners of the forex trading and professionals of this financial market. By opening an account with paxforex broker, you get full access to all features of the online brokers forex market, CFD, futures trading and commodity markets (goods). After a simple registration process, you will get complete freedom in choosing the account that best fits your individual needs. In addition, we offer a very wide variety of forex bonuses, which you can use immediately. Our employees are working every day with our customers and provide them with comprehensive support. Regularly updated news of the financial markets, the economic calendar of events and all types of market analytics provide our forex clients access to the latest information they need to make the right decisions in their trading process. We also believe that beginning FX trader will have with us great opportunities to gain experience, deep knowledge together with risk-free trading on demo and free bonus accounts. This will bring them a big confidence and a wish to earn more by investing and opening our standard forex accounts. Paxforex is determined to maintain the selected rate and increase the pace of development. We hope that this will help us to win the confidence of traders in new regions of the world and to hold our forex market leadership.

Paxforex's all deposit and withdrawal methods and conditions

How to deposit and withdraw funds from paxforex MT4 accounts? See the list of available methods and conditions.

List of fund deposit method for paxforex MT4
- How to make a deposit to paxforex MT4

List of fund withdrawal method for paxforex MT4
- How to withdraw funds from paxforex MT4?

Paxforex’s fund safety – segregated bank account

Margin call and stop out at 20% to 5%

How to protect your funds

What is paxforex?

Comparison of account types of paxforex MT4
1. Paxforex mini account
2. Paxforex cent account
3. Paxforex standard account
4. Paxforex VIP account
5. Paxforex islamic swap free account

Utilize paxforex MT4 mobile apps to trade on android, iphone and ipad

List of fund deposit method for paxforex MT4

Here is the list of available fund deposit methods for paxforex MT4, and the conditions.

Deposit methods	deposit time	min deposit	fees
neteller	1 hour	10 USD	3.2% – 3.7% + $0.29 (minimum $1)
bank transfer	3 – 5 working days	100 USD	bank commission
credit and debit cards	1 hour	15 USD	3.75% – 8.5% + $0.5
skrill (moneybookers)	1 hour	10 USD	2.9% – 3.9% + $0.38
perfect money	1 hour	10 USD	0
webmoney	1 hour	10 USD	0.8%
QIWI	1 hour	10 USD	4%
fasapay	1 hour	10 USD	0.5%
bitcoin	during one day	0.01	0
ethereum	during one day	1	0

Paxforex’s funding department will process the deposits between 9:00 to 00:00 server time (GMT+2) every business day.

Paxforex covers any fees from online payment providers (e-wallets) and credit/debit card companies if the deposit amount is over $300.

How to make a deposit to paxforex MT4?

Follow the steps below to make a deposit to paxforex MT4 accounts.

Open paxforex real trading account

Go to “deposit funds” section

Choose a funding method and follow on-screen instructions

All deposits made by clients are held in segregated bank accounts of paxforex which makes sure that no one touches your funds, and you can withdraw your funds at anytime in a timely manner.

List of fund withdrawal method for paxforex MT4

Here is the list of available fund withdrawal methods from paxforex MT4, and the conditions.

Withdrawal methods	processing time	min withdrawal	fees
bank transfer	up to 7 business days	100 USD	bank commission
credit and debit cards	up to 7 business days	15 USD	5,5% (minimum $10)
skrill (moneybookers)	1 business day	10 USD	1% – 3.9% + $0.35
neteller	1 business day	10 USD	0
webmoney	1 business day	10 USD	0.8%
perfect money	1 business day	10 USD	2.5%
QIWI	1 business day	10 USD	1%
fasapay	1 business day	10 USD	0.5%
bitcoin	1 business day	10 USD	7% + 0.0006 BTC
ethereum	1 business day	10 USD	7%

With paxforex, all withdrawal requests are processed daily from 9:00 to 18:00 server time (GMT+2).

You can also make fund withdrawal from your account while trading (with positions opened), but please make sure that you have enough free margin and margin to support your existing positions in that case.

All fund withdrawals are processed manually by paxforex’s treasury department.

How to withdraw funds from paxforex MT4?

To withdraw funds from your paxforex MT4 account, follow the steps below.

Go to “withdraw funds” section

Choose the available fund withdrawal methods

Follow the on-screen instructions

There are certain fees charged for some fund withdrawal methods.

Paxforex’s fund safety – segregated bank account

Safety of client funds is a major concern for forex traders and money managers.

At paxforex, they make it the top priority to address these concerns by offering what paxforex believes is the highest quality FX liquidity featuring optimal pricing in a safe and secure environment.

Paxforex believes the clients can gain peace of mind knowing their funds are safe and protected because of the following risk-mitigants.

All client funds deposited with paxforex are fully segregated from the company’s operating cash and are kept in separate bank accounts.

Customer funds are never mingled with company funds.

This safety measure ensures that those funds belonging to clients cannot be used for any other purpose.

Client funds are deposited in the safest top-tier banks in the world.

Additionally, paxforex only maintains trading lines with top-rated banks across the globe.

Paxforex’s annual financial reports are audited by reputed auditors to ensure that their operations meet the highest possible quality standards.

Margin call and stop out at 20% to 5%

Paxforex’s automated risk management system is designed to reduce the risk of a client’s account being depleted to zero or turning negative.

Paxforex has a series of early-warning alerts which notify paxforex clients of increased market risk or an excessive concentration of portfolio risk.

Leveraging these automated internal alert systems with proactive notifications reduces the likelihood of clients seeing sudden unexpected losses.

How to protect your funds

Paxforex secures all investors’ funds in their segregated bank accounts, and also uses SSL technology (secure socket layer) to encrypt all transactions and activities in the client area.

While paxforex takes measures to protect its investors’ funds, there are also things you can do to protect your funds from scammers.

Use antivirus software and update databases often. It is better if your antivirus software includes a firewall. Such programs give much stronger protection to your PC and your data. Update your antivirus often, because every day several hundreds or even thousands of new virus signatures invade the internet, thus, if you don’t update your antivirus, there is huge risk of infection with a virus not included into your virus data base.

Don’t download and launch software from unknown websites.

Don’t use links received to email from unknown senders.

Use unique password for every internet service, forum or website. Don’t use passwords that you already use on other websites/services for your masterforex personal cabinet.

Don’t use passwords containing any information concerning yourself or your family: various memorable dates (birthdates, weddings, etc.), names and surnames of your relatives, numbers of flats, documents or phones. It’s also unacceptable to use any combinations of personal details.

Don’t ever tell you password and payment password to anybody, including masterforex staff members. The client support department is authorized to inquire your telephone password, just to verify your identity.

Don’t keep your passwords in your email. After you open new account you will receive passwords – write down or print the details and delete the letter. Otherwise, in case your email is hacked, illegal intruders will gain access to all details of your account, including payment and telephone passwords.

Don’t keep your passwords on the internet or on your PC as a text file. In case a malefactor gains access to your computer, it will be quite easy for him to find a text file containing your password. Use special software to keep your passwords, for instance keepass.

Don’t keep passwords using password keepers saved by web browser password keepers, in case you don’t use master password at the same time.

It’s recommended not to enter your passwords using computers of other people, especially in public places (internet-cafes, terminals, etc.).

Be cautious when you use public wi-fi networks – malefactors often use public networks to intercept passwords.

Make sure you work using encryption protocol (SSL), when you enter your personal cabinet. Https (ssl) guarantees that you indeed enter the personal cabinet, not malefactor’s website.

In case you reveal deposit, withdrawal or internal transfer operations that you didn’t carry out in your transaction history, please, don’t hesitate to contact the client support department and inform us about this.

Check trading statements often. In case you reveal transactions you didn’t carry out, please, don’t hesitate to contact the client support department and inform us about this.

Are you not sure if your fund is safe? Contact paxforex support team for more about their regulation and fund safety.

What is paxforex?

Paxforex has an extremely experienced and driven pool of talent drawn from across the world in the brokerage space.

Paxforex has one aim to provide clients with a truly professional and beneficial trading experience, and paxforex has the products, people and strategy to achieve this goal.

Paxforex aims to ensure that equity and client information have highest level of protection.

Paxforex continues to sophisticate online trading, back office, sales and reporting resources that paxforex clients rightly demand of them.

Paxforex is built on a foundation of a dedicated board of directors and staff from varied financial backgrounds in gold and precious metals, forex, equity, contract for difference (CFD) trading, back office, money management and risk management.

They are proud to use this expertise and knowledge in the service of paxforex clients and partners.

Paxforex uses NDD technology to offer STP execution

Paxforex’s multi-bank liquidity aggregation and order-matching system is designed to facilitate wholesale access to competitive price feeds for paxforex customers as a matched-principal.

All trades placed in paxforex MT4 platforms are matched to a liquidity provider, allowing paxforex to operate the brokerage business with managed market risk.

Paxforex believes this agency model allows them to offer the best liquidity available with competitive spreads, without taking on significant financial risk.

Paxforex ensures that the company has the ability to cover its financial needs and capital requirement at any time.

If you would like to review any concerns in further detail, please do not hesitate to contact the support team.

Comparison of account types of paxforex MT4

Paxforex offers 5 different account types for its traders, and each account type has different features and costs involved for trading.

1. Paxforex mini account

Paxforex mini account is great for professional forex traders with competitively low spreads and minimal commission.

Enjoy all the features that paxforex MT4 trading platforms have to offer at your convenience with fast execution, low latency and no re-quotes.

Also leverage the full order execution and direct market access features.

2. Paxforex cent account

Paxforex’s cent account is for beginners and non-frequent traders looking to seamlessly integrate fx strategies into their trading proﬁle.

Paxforex serves as an excellent example of the fusion of unique liquidity and technology when it comes to trading forex online.

3. Paxforex standard account

Paxforex’s standard account package provides the clients direct market access to other participants in the currency markets.

An ECN broker consolidates price quotations from several market participants, offering paxforex clients tighter bid/ask spreads that would otherwise not be available to them.

4. Paxforex VIP account

Paxforex’s VIP account is great for scalpers and short-term traders because of it’s low spreads with no commission.

With this online trading account, you can enjoy all the features that paxforex MT4 trading platforms have to offer at your convenience with fast execution, low latency and no re-quotes.

5. Paxforex islamic swap free account

Paxforex’s forex islamic accounts are also known as swap-free accounts as they imply no swap or roll-over interest on overnight positions, which is keeping in line with islamic faith.

Paxforex offers the islamic accounts to clients following the muslim faith.

Utilize paxforex MT4 mobile apps to trade on android, iphone and ipad

With paxforex, you can manage your accounts, orders and make any types of transactions on your mobile phones too.

The paxforex MT4 mobile trading platform enables you to trade securely anytime and anywhere on your mobile device with great features including built-in charts and technical indicators.

Available in more than 10 languages, the paxforex metatrader 4 for mobile platform gives you the power to trade via your mobile phone with the same capabilities available on the paxforex MT4 platform.

Paxforex metatrader4 iphone with its broad capabilities has attracted a lot of traders with different skill levels.

Most critical 30 technical indicators are available to the traders for analysing everyday market activities.

Access to financial markets anytime and from anywhere makes this competitive every time.

Paxforex review and tutorial 2021

Paxforex is an offshore broker offering $10 minimum deposits & MT4 trading.

Trade FX with tight spreads & 1:500 leverage.

Trade popular cryptos against the US dollar.

Paxforex is an online broker offering a range of tradable instruments across four account types. In this review, find out about no deposit welcome bonuses, MT4 platform downloads, leverage and minimum payments. Is paxforex the right broker for you?

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US.

Paxforex company overview

Founded in 2011, paxforex, operating under laino group limited, is an offshore broker registered in saint vincent and the grenadines. Catering to traders around the world, the company aims to separate itself from the crowd with fast executions, low spreads and 24/5 multilingual support.

Trading platforms

Metatrader 4

With global popularity among traders, MT4 offers built-in automated trading programs, multiple order types, plus a range of technical and fundamental analysis tools. The user-friendly interface also makes it a favourite with beginners. From the cabinet login area, clients can access:

A customisable interface with dozens of technical indicators

3 types of forex charts: bar, candlestick, and line

9 time-frames for detailed price analysis

One-click trading

paxforex MT4 trading platform

MT4 can be downloaded to windows pcs and mac computers.

Metatrader 4 multiterminal

The MT4 multiterminal allows users to manage up to 100 accounts simultaneously. This option is ideal for investment managers looking to integrate multiple trading operations efficiently. Multiterminal also comes with all of the same features found in the standard MT4 software.

Head to the broker’s website to download the trading platform.

The www.Paxforex.Com domain has been seized by the FBI due to an ongoing dispute with the CFTC in the US. See below for alternative options.

Popular alternatives to paxforex in the united kingdom

Markets

Users can choose from five asset classes:

Forex – trade popular currency pairs like EUR/USD and USD/GBP

Stocks – invest shares in well-known global companies such as apple and google

Indices – the FTSE 100 and DAX 30, among several other global indices are available

Spot metals – diversify your portfolio with trading in gold and silver

Cryptocurrencies – four big cryptos are on offer, including bitcoin and ethereum

Trading fees

Paxforex offers commission-free and competitive trading conditions compared to brands such as hotforex. Spreads on major forex pairs such as the EUR/USD start from 0.4 pips with the standard account. For indices, spreads start from 9 pips on the FTSE 100. Cryptocurrency spreads start at 3 pips.

Other fees include overnight swap charges as well as an inactivity fee charged to dormant accounts.

Paxforex leverage

The maximum leverage offered across all account types is 1:500. Leverage is an excellent tool if you’re looking to take larger positions than your capital allows. However, it also increases the size of potential losses.

A margin calculator can be found in the trading tools section of the broker’s website.

Mobile apps

Paxforex’s clients can trade on the MT4 mobile app, which can be downloaded for free to any smartphone device, including android (APK) and iphone (ios). The app allows for full account management with just an internet connection. Mobile traders also benefit from dozens of built-in indicators, multiple charts and graphs, plus push notifications and news alerts.

Paxforex MT4 mobile

Payment methods

Deposits

Paxforex offers several fast and fee-free deposit methods, including bank transfer, card payments, e-wallets, and cryptocurrencies. All deposit methods are credited in 1 hour, except for bank transfers which take 3 – 5 working days, and cryptos which take around 1 day. The minimum deposit is $10.

The broker doesn’t charge any deposit fees but will recover intermediary fees for deposits over $300, except for bank transfer. Details of fees charged by card or e-payment systems are listed on the website.

Withdrawals

Most withdrawals are credited in 1 working day, apart from bank transfers which take 4 – 7 business days, and credit/debit cards which take 5 – 15 business days. Again all methods are free on the broker’s side and the minimum withdrawal is $10 across most methods.

Speak to the customer support team using the details below should you encounter any withdrawal problems.

Demo account

A demo account is a great way of gaining experience in forex trading and to practice strategies in a no-risk environment.

Paxforex offers a free MT4 demo account where users can set their own amount of virtual funds. The account is available for an unlimited period of time, as long as you are active on the account. Accounts left dormant for 90 days will be deactivated.

Bonuses & promotions

Paxforex offers a 100% loyalty deposit bonus which matches deposits over $1,200 up to $10,000. The bonus is paid out monthly over 12 months and can be stacked. Also check the broker’s website when you open an account as they occasionally offer no deposit welcome bonuses.

Always check bonus terms and conditions before you start trading.

Regulation

Laino group limited (paxforex) is registered with the financial services authority (FSA) in saint vincent and the grenadines. This is not a reputable regulatory agency and does raise potential scam concerns. We’d recommend considering brokers regulated by more trusted bodies, such as the cysec.

Unfortunately, the broker doesn’t provide any information on whether it segregates client funds in separate bank accounts.

Additional features

Paxforex offers clients a range of educational resources and trading tools for beginners and experts, including:

Forex news and blog

Copy trading service

Educational guides

Economic calendar

Daily forex signals

Forex calculator

paxforex economic calendar

Account types

Paxforex offers four account options, all offering leverage up to 1:500:

Cent – $10 minimum deposit, 2.4 pips minimum spread, 0.0001 minimum lot size, USD account only

Mini – $100 minimum deposit, 1.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account

Standard – $2,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager

VIP – $10,000 minimum deposit, 0.4 pips minimum spread, 0.01 minimum lot size, USD/EUR/GBP account, education resources, shares available, personal manager, priority execution

Islamic swap-free conditions are also available upon request with the mini, standard, and VIP accounts.

Benefits

Benefits of trading with paxforex include:

Daily free signals

MT4 multiterminal

Copy trading service

$10 minimum deposit

MT4 platform download

100% loyalty deposit bonus

Drawbacks

Problems highlighted in paxforex.Com customer reviews include:

Untrustworthy regulator

Trading hours

Server times for each market are listed below. All times are GMT+2 and GMT+3 in the summer.

Cryptos – 00:00 – 23:59 monday to friday

Metals – 01:00 – 24:00 monday to friday

Shares – 16:30 – 23:00 monday to friday

Forex – 00:00 – 24:00 monday to friday

Indices – varies, check the website

Support

Trading support is available 24/5 in multiple languages:

Email – info@paxforex.Com

Telephone – +44 2035040303

Online contact form – contact us page

Live chat – available in english, russian and thai

Reviews of customer support at paxforex are decent, with reports of reliable staff on-hand to respond to most queries. For the quickest recourse, we’d recommend using the live chat service.

Paxforex is headquartered at suite 305, griffith corporate centre, kingstown, saint vincent and the grenadines.

Security

MT4 uses industry-standard security protocols which include SSL encryption, as well as a dual-factor authentication option at the login stage. Transactions within the client area are also encrypted.

Paxforex verdict

Paxforex offers a good range of assets with low spreads and leverage up to 1:500. The ECN broker also provides a choice of four competitive account types that suit all levels, as well as several deposit and withdrawal options. The only real disappointment is the lack of reputable regulatory oversight.

Accepted countries

Paxforex accepts traders from australia, thailand, united kingdom, south africa, singapore, hong kong, india, france, norway, sweden, italy, denmark, united arab emirates, saudi arabia, kuwait, luxembourg, qatar and most other countries.

Traders can not use paxforex from united states, germany, canada, japan, new zealand.

Does paxforex offer a no deposit bonus?

At the time of writing, paxforex isn’t offering no deposit welcome bonus deals. A 100% loyalty deposit bonus is available on payments over $1,200, however. Traders should check the broker’s website for news of future promotions.

Does paxforex accept US clients?

No, paxforex does not accept US clients. The broker does, however, accept clients from most other countries.

What should I do if there’s a problem with my paxforex withdrawal?

Withdrawals can be made from within the paxforex cabinet area but if you need any help you can contact the customer support team by email, phone, or live chat.

Is paxforex legit?

Paxforex is a legitimately registered company, however, it is not rigorously regulated despite 10 years of industry experience. Interested traders should conduct thorough research before depositing money with offshore brokers.

How do I register for a paxforex demo account?

You can register using the link on the main page, which will take you to an online registration form. Once you have filled out your personal details, you will receive an email containing your mypaxforex cabinet and MT4 login credentials. Download the MT4 platform and start trading right away.

Paxforex review

Paxforex is an offshore forex and CFD trading broker that has been around since 2011. The brand offers competitive spreads and the versatile metatrader (MT4) platform. Traders also get access to educational resources, daily market analysis and some useful trading tools. However, it should be noted that trading instruments are limited compared to other online brokers whilst regulations are distinctly lacking.

Paxforex review, pros & cons

Low trading capital of $10 required

Daily analysis, research & recommendations

Multiple account types to suit all level of traders

Multilingual customer support team

Free VPS & training resources

Unregulated broker

Limited trading instruments; less than 100

No US or japanese trades accepted

In this detailed paxforex review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Paxforex is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including paxforex.

Paxforex review: summary

Paxforex is an online forex and CFD broker that offers its services to traders across the globe. Established in 2011, paxforex was formed by a group of professional traders who have worked in managerial positions within other brokerage firms. With vast knowledge and experience, the team aimed to contrive a flexible and reliable trading environment for its clients.

Paxforex is owned by ‘laino group’ which is a company registered in st. Vincent and the grenadines. Its head office is in london, UK while it has offices in other locations. The official website is available in 7 languages.

Paxforex claims to be a true STP broker that offers competitive spreads and trade execution speeds. It sources its liquidity from premium banks such as credit suisse, barclays, deutsche, goldman sachs, UBS and merrill lynch. This helps enable the broker to offer variable bid/ask prices with minimal trade slippage. Paxforex trading servers are hosted in equinix data centres which are located in london and new york. This also helps to ensure a speedy connection to exchanges and the various liquidity providers.

Paxforex offers over 70 tradable assets for trading on the popular MT4 platform which accommodates all types of traders and trading strategies. The broker also provides some tools to further assist their clients in their quest to become successful traders. Despite this, they are let down by a lack of regulation and thus it makes it impossible to verify the claims that they make and investors do not have the protection they may have when using a regulated broker.

Paxforex review: regulation

Paxforex is registered in st. Vincent and the grenadines. The broker does not provide its regulatory information. Most traders would prefer not to use an unregulated broker.

Investors’ funds are apparently held in segregated accounts specifically marked as ‘clients accounts’. They claim that these accounts are kept in top rated european banks. Segregated client funds cannot be used for other business purposes such as running costs.

The paxforex trading and transaction environment is protected by a secured socket layer (SSL) which is the standard practice in order to deter internet fraudsters and protect user transactions on the website and platforms.

In compliance with the anti money laundering (AML) policy, all clients are verified before the registration is completed. A government issued ID card and a utility bill is required. Clients are to upload these two documents in order to prove that are real human beings with a registered identity.

Paxforex review: countries

Paxforex states that its services are not for citizens and residents of united states and japan. Some paxforex broker features and products mentioned within this paxforex review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Paxforex review: trading platforms

Metatrader 4 (MT4)

Paxforex offers the popular metatrader 4 (MT4) trading platform to all its clients. This is the sole platform available from paxforex. MT4 is a widely accepted platform by both brokers and traders because of it speed, features and complexity.

MT4 was developed in 2005 by a russian company known as “metaquotes software corporation”. Today, millions of traders from all over the world use the MT4 platform and thousands of custom indicators and expert advisors are available.

The paxforex MT4 platform is available as a desktop application and as a mobile app. Here are a few of the features of the MT4:

It displays the prices of all the tradable assets in real time.

The platform interface is simple, user friendly and easily customised to suit the trader’s preferred layouts, colours and favourite instruments.

Three chart styles including candlesticks, bar and line charts.

All trading instruments can be displayed on charts over 9 timeframes from 1 minute to 1 month.

30 inbuilt technical indicators which can be extended to thousands with additional custom indicators

44 inbuilt analytical tools and objects.

Supports automatic trading through the use of expert advisors (eas).

Price alert notifications via pop-up, SMS & email.

Paxforex review: metatrader 4 (MT4)

Metatrader 4 (MT4) mobile

MT4 is also developed for mobile devices that run on android or ios. The mobile software can be downloaded from the traders’ cabinet area of the paxforex website. The MT4 app is simple and user friendly. It fully integrates with accounts created using the desktop version. Here are some features of the key features of the MT4 mobile app:

Displays the live quotes of all the tradable assets. The list can be customised to show only the trader’s favourite assets.

The app interface, colours and charts are customisable to match the trader’s preference.

It also displays 3 chart styles of all instruments on 9 timeframes, just like the desktop version.

It comes preloaded with 30 technical indicators and 24 analytical tools.

It supports multiple order types including market and pending orders.

Push notifications.

Paxforex review: trading tools

Virtual private serve (VPS)

The virtual private server (VPS) is provided by paxforex for all clients. However, VIP account holders are given free access to VPS while other clients can have access by paying a subscription fee of $25 every month. The VPS is suitable for clients who use complex trading systems like expert advisors (eas), mechanical systems or news traders. The VPS has negligible latency as well as reliable and constant access to paxforex trading servers. A VPS is useul to remotely run trading platforms 24/7 without needing your own computer switched on.

Forex market economic calendar

This is a calendar listing global economic events, dates, times and location. These events have been forecasted to have impacts on currencies or other trading instruments. A trader may make trading decisions based on history, analysts’ forecasts and a host of other factors. The economic calendar is an important trading tool for traders who base their trades on fundamental analysis. It can also be filtered to show only the trader’s choice of events, assets, country, dates, etc.

Paxforex review: economic calendar

Forex fundamental analysis

Paxforex analysts present daily fundamental analysis to its clients. These experts follow the markets and leverage from their vast experience, tools and expertise to arrive at the trading ideas which they serve to the clients. The daily analyses are also delivered by email to clients who subscribe to the trading signals services.

Forex blog

The paxforex analytics department runs a forex blog on the website. This blog is frequently updated with articles posted almost every day. The aim of the blog is to help make traders successful by increasing their trading knowledge. The blog focuses on providing information on some interesting topics in the financial markets. It also provides training articles as well as market analysis.

Forex calculator

This tool is designed to help a trader to determine the pip cost based on the instrument of choice, leverage and lots traded. It offers a simple, fast and efficient way to calculate trading costs.

Paxforex review: trading calculators

Paxforex review: education

Paxforex has a collection of training resources on its website. There are several articles on forex and CFD trading that are grouped as ‘forex trading course’. These article lessons are designed to give beginners a good base to start from. Lessons cover a range of trading topics including market analysis, trade positions, money management, platform and more.

Also, a glossary of forex/CFD trading jargons is provided. The glossary contains over 200 technical trading terms along with their meanings or explanations.

Paxforex review: trading instruments

The number of trading instruments offered by paxforex is rather small when compared to other online brokers. Paxforex offers less than 100 tradable assets compared to some online brokers that provide thousands.

There is a range of major, minor and exotic forex pairs available for trading on the paxforex platforms. In total, there are about 60 currency pairs, 7 equity shares, 2 metals and 4 crypto assets.

Paxforex review: trading accounts & fees

Paxforex has different account types which depend on the trader’s capital. For all accounts, the maximum leverage is 1:500. The following account types are available:

Cent account: the account is created for beginners who wish to have a taste of live forex trading. The minimum opening balance is $10 and it is only available in USD. The lot size is 1,000 and the minimum spread is 2.4 pips.

Mini account: best for new traders who are unwilling to take big risks. The minimum deposit is $100 and the spread starts from 1.4 pips. The margin call is at 10% and the stop out is 5%.

Standard account: this account is best for experienced traders as well as professional traders. The minimum account opening balance is $2,000 and the spread starts from 0.4 pips. Margin call is at 10% while stop out is at 5%.

VIP account: this account type is specifically made for professional traders who need the best brokerage services that paxforex can offer. The spread starts from 0.4 pips and the account opening amount is $10,000. A personal account manager is assigned to account holders and they also get priority execution of orders. Free VPS access is also available to account holders.

Paxforex review: account types

Demo accounts can be created freely from the paxforex traders’ cabinet. During the demo account creation process, the trader specifies the amount of virtual currency he needs which can be up to $1 billion. A demo account allows you to try the different platforms and trading strategies before opening a real trading account.

Swap free accounts are available on request for mini, standard and VIP accounts. Swap free accounts are exclusively for muslims who cannot accept interests by reason of their faith.

As broker fees can vary and change, there may be additional fees that are not listed in this paxforex review. It is imperative to ensure that you check and understand all of the latest information directly from paxforex before opening a trading account with this brokerage.

Paxforex review: customer service

The client support team at paxforex is available 24/5. The customer support desk is multilingual and can be reached on email, phone, fax, live chat and ‘ask your question’ form which is available on the website. Paxforex is also on social media; facebook, twitter, instagram, youtube, telegram and linkedin.

Paxforex review: deposit & withdrawal

Paxforex states clearly that it covers all charges for deposits from $300 and above. The exception is for bank transfers in which the clients’ bank may impose commissions.

Bank wire transfers: this method takes 3-5 working days on the average. The minimum deposit is $100.

Debit/credit cards: all major credit cards are accepted which includes mastercard and visa card. The minimum deposit accepted is $15 but deposits from $300 are not charged any commissions. A minimum of $10 can be withdrawn but commissions of 5.5% are charged. Card deposits are processed instantly but withdrawals take up to 2 days.

Online payments: the electronic payment channels accepted are: neteller, skrill, perfect money, webmoney, QIWI and fasapay. It takes an average of one hour to completely process online transactions. The minimum deposit is $10. Processing fees may be charged depending on the payment method used.

Cryptocurrencies: the crypto payments accepted are bitcoin and ethereum. No deposit fees are charged and the transactions are completed within a day. The minimum payments are 0.01BTC and 1ETH.

Paxforex review: payment options

Paxforex review: account opening

Visit the paxforex website and click on ‘open trading account’ which can be seen at the top of every web page. The form below displays:

Paxforex review: account registration

If you already have accounts with google or facebook, you click on the applicable logo to enable paxforex to receive your profile information from the website. Otherwise, fill the first page of the form and go to the next page to choose an account type, deposit method and deposit amount. The third page is for phone verification where paxforex website automatically sends a code to the registered phone number and the code is required to continue the registration process. The last page is about e-mail verification after which you are logged into the traders’ cabinet where you can download platforms, create more accounts, make deposits, etc.

Paxforex review: conclusion

Paxforex is an online broker that can meet the basic needs of forex and CFD traders. The choice of the user friendly MT4 platform along with the multiple account types help show that paxforex brokerage services are designed for all types and levels of online traders.

The account registration process is fast and easy. There are multiple payment options which include payments with cryptocurrencies like bitcoin and ethereum. Demo accounts are unlimited, free and can be easily be created with a few clicks in the traders’ cabinet area. Newbies can combine the training course on the website and demo account to learn how to trade.

Experienced traders can leverage on the powerful trading tools and custom add-ons offered by MT4. The market analysis and other trading tools provided by paxforex are useful to all traders.

However, there is one big issue and that is the unregulated status of paxforex, which is a huge problem. This is because most forex bloggers, analysts, professional traders and experts always advise against trading with unregulated brokers. Furthermore, the selection of trading instruments offered by paxforex are also very limited compared to most other online brokers.

Please note that 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.

Min $10 deposit

Paxforex is an offshore forex & CFD broker that has been around since 2011. The brand offers competitive spreads & the versatile MT4 platform. Traders also get educational resources, daily analysis & useful tools. However, assets & regulations are lacking.

Paxforex review

Was paxforex.Com

Paxforex is a forex broker with its corporate flag located in saint vincent and the grenadines. This leaves paxforex free to offer high leverage, up to 500:1 currently.

In terms of platforms, paxforex offers MT4, MT4 mobile, and MT4 multermimal, which permits multiple accounts to be traded simultaneously. ECN accounts are offered. Scalping, news spike trading, and eas are permitted. There is also a copytrading feature available.

Paxforex's support options include an FAQ, phone, email, contact form, and live chat.

Paxforex has been offering forex trading since 2010. In addition to many of the usual cfds offered by many forex brokers, paxforex also has a small number of cryptocurrencies available for trading.

September 2020: the FBI has seized the paxforex.Com domain name. If you have any dispute with paxforex, please submit your information to www.IC3.Gov .

Paxforex is still operating under paxforex.Org

Broker details

established:	2010
address:	1825, cedar hill crest, villa, kingstown, saint vincent and grenadines
contact:	info@paxforex.Org, +44 203 504 0303
regional offices:
regulators:	SVGFSA #201973 IBC 2014 1825
prohibited countries:

deposit methods:

bank wire, VISA, mastercard, bitcoin, ether/ethereum, fasapay, neteller, perfectmoney, qiwi, skrill, uphold, webmoney

withdrawal methods:

bank wire, VISA, mastercard, bitcoin, ether/ethereum, fasapay, neteller, perfectmoney, qiwi, skrill, uphold, webmoney

Live discussion

Join live discussion of paxforex.Org on our forum

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Length of use: 6-12 months

Dear hustler328,
if you have an account with paxforex demo or live you can visit our site paxforex.Org and you will have access to all of your accounts trading terminal and everything is working as usual.

Please note for withdrawal you will need to make a request from your cabinet or get in contact with your manager he/she will help you more.

Length of use: over 1 year

The withdrawal was successfully submitted. And the account support replied to my emails and even the contacted me via phone. It was just a miss-understanding.

They have excellent service and it just need time and patience to resolve any issues.

Please disregard the review below.

Jan 12, 2020 - 1 star since on friday january 4th, 2020 I submitted a request for a withdrawal of $100.00. Then I got a notification, but did not get a confirmation email. So I contacted support via chat and they said they would submitted again to account support. On monday january 6th , 2020, I received an email for the following notification:

Thank you for choosing paxforex as your trusted forex broker.

The amount of 100.00 USD has been deducted from your account xxxxxx55 and sent to bank.

Part of paxforex is about making forex trading easy for our users. The other part is about maintaining quality service delivery, always.

Which one did we fail at? We are here to listen.

Do you plan to continue in the nearest future or would you like to close your account with us?

We’ll really appreciate your reply; it will help us to improve our services!

So far I have not received any amount and no one has replied to my email. How can you trust someone like them, be careful where you place your funds.

Dear roomal ahmadzai,
please send to your personal manager an account number and order number where you experienced an issue with the spread. We will make an investigation if the price was accurate or not at that particular moment.

Also, we would like to pay your attention to the fact that you were our client for the last 2 years. And during this period you were making withdrawals from any of your accounts many times and you received it without any delay.

Roomal, we are always happy to help you with our expertise and service.

P.S. According to the events described, we have compiled a log of your activities. We choose not to post it for privacy reasons.

Best regards,
paxforex team

Paxforex really worked out for me very well. The approval process was thorough but easy to pass and order execution was real quick. I made a nice few thousand dollars in a very short period. I was also able to withdraw all my money (including the profits) with no issues.

The only thing I didn't notice beforehand is that they charge 7% for withdrawing with bitcoin (US customers can only deposit/withdraw using bitcoin due to US regulations so had no other choice available), but I made enough money so it didn't matter too much.

Thanks paxforex team. See you again soon!

I can’t blame pax for the loss of my account I was chasing the trades pax an awesome brokerage.

Mar 21, 2019 - 1 star I have traded live with this company over the course of a year with 3 accounts and it’s always the tragic emotionally deceptive feed worse trading conditions they place the little trader ($1000) mini. I have demo traded like a seasoned pro on mt4 using VPA. My rep over at pax is with this scamming company. He waited for me to lose my money again to tell me about better trading conditions with a $2000 deposit with a standard account. Why is it not the same across the board! UNETHICAL is the correct response. When my account got down to the bare minimum I had no choice but to trade with proper leverage yet that made no difference. When the market went against me 15 pips the amount in the negative was like $20 bucks but when the market went in my favor like 45 pips I was only in the money maybe $6. The way they adjust there feed in the mini is treacherous. I pray that they loose all of there sleep for this robbery. When I questioned will of this his response was that of acquiring a standard account. Then he said they have billions of dollars and they wouldn’t scam me for my little $800. My response to that was “ will your brokerage makes there money on the little stupid trader like me that gets taken on an emotional rollercoaster that your feed is designed and programmed to do just that. PAXFOREX IS A HIGH IMMORAL AND UNETHICAL BROKERAGE. DO NOT TRADE WITH THEM THEY ARE SUPER THIEVES. Make them go hungry and homeless!

Reply by paxforex team submitted apr 10, 2019 dear marcus wayne rauls

We are very sad and sorry to see that

It is all a misunderstanding situation from your side

Our support team and your account manager were in constant communication with you to explain it for you

If you would like you can download your detailed history from the mt4 and compare all the deals with any other provider and you will see that there is no manipulation at all

If you don't know how to download the detailed history please contact our support team to provide it to you

You said it yourself you have been trading with us for almost a year and a half, during this time we were providing you with the best service and recommending for you the best trading conditions according to your investment as you mentioned it as well.

Feel free to contact us if you still need any explanation about your trades

Our customers testimonials

So far, since depositing my $2,000 into my trading account, I have made two trades. I won on both and have made $660 on my $2,000. That's not a surprise to me. What does surprise me is that the execution is fast and without a single requote. I have done only two trades, but I am highly encouraged by the execution speed so far. Both of my recent trades were executed at the price that I saw on the chart and the execution speed was less than one second! Impressive to say the least.

You guys are great and I hope and pray that you guys keep up the good execution speed and good service that you offer.

You guys are way better that liteforex.Com.

You can use this email as a testimonial if you want to. I would love to see this on the testimonial section of paxforex website.

Thanks,

Hilton

"the tree major things that will make and keep me referring people to paxforex are:

1. Their constant innovation and better service through offering their traders a wide range of services. Their support is excellent.

2. Their low spread. I made profit 0f $12,540 in account of $1,500 in one week due to very low spread.I have decided and planned with my family on trading with them for a long time. They are the most profitable broker I have worked with.

3.Their quick respond on deposit and withdrawal. My deposits and withdrawals have never take more than 30 minutes to get completed. I have never have any broker that does that prompt service."

Awura

"one of the things that I truly enjoy about paxforex is their constant innovation. They seem to always work to provide a better service through offering their traders a wide range of services. They have launched a blog which I find very interesting and their trading recommendations have been a very nice feature. Their support is excellent, but honestly you will never require them as their platform is solid and I have never experienced any outage or trading issues. My withdrawals are processed the same day and I very happy to manage my forex portfolio with paxforex."

Daniel

"the tree major things that will make and keep me referring people to paxforex are:
"I have traded with paxforex since my first day of trading. What I like the most about this company is their attentive customer service, which helped me out in learning more about forex. There have been moments I did not profit from my investments, but paxforex always provided relevant marketing insights that helped me to recover losses and profit! I recommend paxforex for all new traders as they are the safest and most professional company to trade with!"

Jaime

"paxforex continuously starts forex contest and I love it! I can join them and earn money to re-invest in my live forex account. They have always been fast with financial transactions and always replied professionally and on time to my emails. I have used other two providers before paxforex and I always had some problems along the way. I am with paxforex since one year and never had a reason to complaint about. AAA+"

Rocco

"I really feel comfortable trading with paxforex. They are easy to get along with and my money has always been 100% under my control. I used another broker in egypt some time ago and noticed how my money was been invested without my approval. This is not happening with paxforex. I recommend it to anyone looking for a professional and reliable forex investment company."

"I have invested $10,000 and already earned $30,000. I withdrew my money and the transaction was processed without any complication. All of my deposits were processed in about 15 minutes and therefore I was able to trade in within minutes. Paxforex has many exciting promotions and an exquisite customer service. I suggest everybody to open a trading account with them!"

"I have had nothing but great experiences with paxforex. I am planning on traded with them for a long time. They are the most profitable broker I have worked with. Also, I was always supported by their customer service, which answered to all of my questions in within 24 hours. They have a great blog that helped and helps me out to identify important trends in the market. Highly recommended."

"I always recommend paxforex to all my friends and colleague and I am always sure the company will never disappoint me. They are always available to help traders, they constantly create forex contests for demo accounts and update their blog to keep up with the main trends in the market in just minutes. I could not desire more from a forex company!"

Jerry

"paxforex has all the infrastructure you need to succeed in forex trading. I have always found it difficult to find a company that is focused on customer service other than making money. I was introduced to paxforex by a friend of mine and this was a turning point for my tradings. I am currently enjoying profitable returns and am planning to open even more accounts with paxforex."

"I have been trading forex for over eight years and have migrated from one broker to another and I was never truly satisfied with their overall services until I ran into paxforex. Their customer service has been outstanding even before I have opened my account. Given that I have had several negative experiences with other brokers I had a lot of questions and paxforex support took their time to answer all of them.
After I have opened my account I was impressed by their fast order execution and I have never experienced slippage. My first withdrawal was processed the same day and without complications. I am glad that I have finally found a broker who offers me a great service so that I can focus my time on trading. Thank you paxforex!"

Paxforex's all deposit and withdrawal methods and conditions

How to deposit and withdraw funds from paxforex MT4 accounts? See the list of available methods and conditions.

List of fund deposit method for paxforex MT4
- How to make a deposit to paxforex MT4

List of fund withdrawal method for paxforex MT4
- How to withdraw funds from paxforex MT4?

Paxforex’s fund safety – segregated bank account

Margin call and stop out at 20% to 5%

How to protect your funds

What is paxforex?

Comparison of account types of paxforex MT4
1. Paxforex mini account
2. Paxforex cent account
3. Paxforex standard account
4. Paxforex VIP account
5. Paxforex islamic swap free account

Utilize paxforex MT4 mobile apps to trade on android, iphone and ipad

List of fund deposit method for paxforex MT4

Here is the list of available fund deposit methods for paxforex MT4, and the conditions.

Deposit methods	deposit time	min deposit	fees
neteller	1 hour	10 USD	3.2% – 3.7% + $0.29 (minimum $1)
bank transfer	3 – 5 working days	100 USD	bank commission
credit and debit cards	1 hour	15 USD	3.75% – 8.5% + $0.5
skrill (moneybookers)	1 hour	10 USD	2.9% – 3.9% + $0.38
perfect money	1 hour	10 USD	0
webmoney	1 hour	10 USD	0.8%
QIWI	1 hour	10 USD	4%
fasapay	1 hour	10 USD	0.5%
bitcoin	during one day	0.01	0
ethereum	during one day	1	0

Paxforex’s funding department will process the deposits between 9:00 to 00:00 server time (GMT+2) every business day.

Paxforex covers any fees from online payment providers (e-wallets) and credit/debit card companies if the deposit amount is over $300.

How to make a deposit to paxforex MT4?

Follow the steps below to make a deposit to paxforex MT4 accounts.

Open paxforex real trading account

Go to “deposit funds” section

Choose a funding method and follow on-screen instructions

All deposits made by clients are held in segregated bank accounts of paxforex which makes sure that no one touches your funds, and you can withdraw your funds at anytime in a timely manner.

List of fund withdrawal method for paxforex MT4

Here is the list of available fund withdrawal methods from paxforex MT4, and the conditions.

Withdrawal methods	processing time	min withdrawal	fees
bank transfer	up to 7 business days	100 USD	bank commission
credit and debit cards	up to 7 business days	15 USD	5,5% (minimum $10)
skrill (moneybookers)	1 business day	10 USD	1% – 3.9% + $0.35
neteller	1 business day	10 USD	0
webmoney	1 business day	10 USD	0.8%
perfect money	1 business day	10 USD	2.5%
QIWI	1 business day	10 USD	1%
fasapay	1 business day	10 USD	0.5%
bitcoin	1 business day	10 USD	7% + 0.0006 BTC
ethereum	1 business day	10 USD	7%

With paxforex, all withdrawal requests are processed daily from 9:00 to 18:00 server time (GMT+2).

All fund withdrawals are processed manually by paxforex’s treasury department.

How to withdraw funds from paxforex MT4?

To withdraw funds from your paxforex MT4 account, follow the steps below.

Go to “withdraw funds” section

Choose the available fund withdrawal methods

Follow the on-screen instructions

There are certain fees charged for some fund withdrawal methods.

Paxforex’s fund safety – segregated bank account

Safety of client funds is a major concern for forex traders and money managers.

At paxforex, they make it the top priority to address these concerns by offering what paxforex believes is the highest quality FX liquidity featuring optimal pricing in a safe and secure environment.

Paxforex believes the clients can gain peace of mind knowing their funds are safe and protected because of the following risk-mitigants.

All client funds deposited with paxforex are fully segregated from the company’s operating cash and are kept in separate bank accounts.

Customer funds are never mingled with company funds.

This safety measure ensures that those funds belonging to clients cannot be used for any other purpose.

Client funds are deposited in the safest top-tier banks in the world.

Additionally, paxforex only maintains trading lines with top-rated banks across the globe.

Paxforex’s annual financial reports are audited by reputed auditors to ensure that their operations meet the highest possible quality standards.

Margin call and stop out at 20% to 5%

Paxforex’s automated risk management system is designed to reduce the risk of a client’s account being depleted to zero or turning negative.

Paxforex has a series of early-warning alerts which notify paxforex clients of increased market risk or an excessive concentration of portfolio risk.

Leveraging these automated internal alert systems with proactive notifications reduces the likelihood of clients seeing sudden unexpected losses.

How to protect your funds

Paxforex secures all investors’ funds in their segregated bank accounts, and also uses SSL technology (secure socket layer) to encrypt all transactions and activities in the client area.

While paxforex takes measures to protect its investors’ funds, there are also things you can do to protect your funds from scammers.

Use antivirus software and update databases often. It is better if your antivirus software includes a firewall. Such programs give much stronger protection to your PC and your data. Update your antivirus often, because every day several hundreds or even thousands of new virus signatures invade the internet, thus, if you don’t update your antivirus, there is huge risk of infection with a virus not included into your virus data base.

Don’t download and launch software from unknown websites.

Don’t use links received to email from unknown senders.

Use unique password for every internet service, forum or website. Don’t use passwords that you already use on other websites/services for your masterforex personal cabinet.

Don’t use passwords containing any information concerning yourself or your family: various memorable dates (birthdates, weddings, etc.), names and surnames of your relatives, numbers of flats, documents or phones. It’s also unacceptable to use any combinations of personal details.

Don’t ever tell you password and payment password to anybody, including masterforex staff members. The client support department is authorized to inquire your telephone password, just to verify your identity.

Don’t keep your passwords in your email. After you open new account you will receive passwords – write down or print the details and delete the letter. Otherwise, in case your email is hacked, illegal intruders will gain access to all details of your account, including payment and telephone passwords.

Don’t keep your passwords on the internet or on your PC as a text file. In case a malefactor gains access to your computer, it will be quite easy for him to find a text file containing your password. Use special software to keep your passwords, for instance keepass.

Don’t keep passwords using password keepers saved by web browser password keepers, in case you don’t use master password at the same time.

It’s recommended not to enter your passwords using computers of other people, especially in public places (internet-cafes, terminals, etc.).

Be cautious when you use public wi-fi networks – malefactors often use public networks to intercept passwords.

Make sure you work using encryption protocol (SSL), when you enter your personal cabinet. Https (ssl) guarantees that you indeed enter the personal cabinet, not malefactor’s website.

In case you reveal deposit, withdrawal or internal transfer operations that you didn’t carry out in your transaction history, please, don’t hesitate to contact the client support department and inform us about this.

Check trading statements often. In case you reveal transactions you didn’t carry out, please, don’t hesitate to contact the client support department and inform us about this.

Are you not sure if your fund is safe? Contact paxforex support team for more about their regulation and fund safety.

What is paxforex?

Paxforex has an extremely experienced and driven pool of talent drawn from across the world in the brokerage space.

Paxforex has one aim to provide clients with a truly professional and beneficial trading experience, and paxforex has the products, people and strategy to achieve this goal.

Paxforex aims to ensure that equity and client information have highest level of protection.

Paxforex continues to sophisticate online trading, back office, sales and reporting resources that paxforex clients rightly demand of them.

They are proud to use this expertise and knowledge in the service of paxforex clients and partners.

Paxforex uses NDD technology to offer STP execution

Paxforex’s multi-bank liquidity aggregation and order-matching system is designed to facilitate wholesale access to competitive price feeds for paxforex customers as a matched-principal.

All trades placed in paxforex MT4 platforms are matched to a liquidity provider, allowing paxforex to operate the brokerage business with managed market risk.

Paxforex believes this agency model allows them to offer the best liquidity available with competitive spreads, without taking on significant financial risk.

Paxforex ensures that the company has the ability to cover its financial needs and capital requirement at any time.

If you would like to review any concerns in further detail, please do not hesitate to contact the support team.

Comparison of account types of paxforex MT4

Paxforex offers 5 different account types for its traders, and each account type has different features and costs involved for trading.

1. Paxforex mini account

Paxforex mini account is great for professional forex traders with competitively low spreads and minimal commission.

Enjoy all the features that paxforex MT4 trading platforms have to offer at your convenience with fast execution, low latency and no re-quotes.

Also leverage the full order execution and direct market access features.

2. Paxforex cent account

Paxforex’s cent account is for beginners and non-frequent traders looking to seamlessly integrate fx strategies into their trading proﬁle.

Paxforex serves as an excellent example of the fusion of unique liquidity and technology when it comes to trading forex online.

3. Paxforex standard account

Paxforex’s standard account package provides the clients direct market access to other participants in the currency markets.

An ECN broker consolidates price quotations from several market participants, offering paxforex clients tighter bid/ask spreads that would otherwise not be available to them.

4. Paxforex VIP account

Paxforex’s VIP account is great for scalpers and short-term traders because of it’s low spreads with no commission.

With this online trading account, you can enjoy all the features that paxforex MT4 trading platforms have to offer at your convenience with fast execution, low latency and no re-quotes.

5. Paxforex islamic swap free account

Paxforex’s forex islamic accounts are also known as swap-free accounts as they imply no swap or roll-over interest on overnight positions, which is keeping in line with islamic faith.

Paxforex offers the islamic accounts to clients following the muslim faith.

Utilize paxforex MT4 mobile apps to trade on android, iphone and ipad

With paxforex, you can manage your accounts, orders and make any types of transactions on your mobile phones too.

The paxforex MT4 mobile trading platform enables you to trade securely anytime and anywhere on your mobile device with great features including built-in charts and technical indicators.

Paxforex metatrader4 iphone with its broad capabilities has attracted a lot of traders with different skill levels.

Most critical 30 technical indicators are available to the traders for analysing everyday market activities.

Access to financial markets anytime and from anywhere makes this competitive every time.

Paxforex review

Regulated by: FSA

Headquarters: saint vincent and the grenadines

Ranking: 17

Spread: as low as 0.4 pips for EURUSD

Leverage: 500:1

Minimum deposit: $10

Paxforex review & author's comment

Paxforex was founded by a team of professional traders in 2010 and is registered in saint vincent and the grenadines. The company’s owners have extensive experience as traders and dealers in the forex, stocks, options and cfds markets. They have gained their experience through working for the prestigious forex brokers for years in managerial positions.

The broker provides traders the advantages to use an offshore forex broker with quick registration procedure, low trading fees and a high leverage of up to 1:500. Although paxforex is regulated by any financial watchdog, it has become a praised forex broker among retail forex and CFD traders in recent years. The broker owes these praises to its welcoming policy to accept traders from all over the world, including the united states.

Paxforex account types

Paxforex offers a variety of different account types to ensure that there’s something for every need, from the newbie traders to forex veterans. There are a total of four trading accounts types for the traders’ choice; cent, mini, standard and VIP.

Cent: cent accounts allow traders to execute trades with much lower contract size. Thus, it is recommended for newbie traders to train and improve their trading without staking a lot of money. Paxforex requires at least $10 for cent accounts, though, $100 is suggested. Spreads begin at 2.8 pips for this type of account. The maximum leverage for cent accounts is 500:1 and clients can use the private VPS service for a monthly fee of $25.

Mini: this account is intended for new forex traders just like the cent account. A minimum deposit of $10 is expected but the suggested deposit amount is $500. Spreads go down as low as 1.4 pips. Accounts are available in USD, EUR and GBP and maximum leverage is 500:1. Margin call and stop-out rates are set at 10 percent and 5 percent respectively and traders can opt for swap-free account on request, plus all other features listed under cent account.

Standard: required minimum deposit for a standard account is $2,000 deposit amount. However, paxforex suggests an initial deposit of $5,000. Spreads start at 0.4 pips for this type of account and traders also are offered free training services. The minimum volume lot is set at 0.1, and traders are also assigned to personal account manager in addition to the entire services provided for mini account.

VIP: VIP account is intended for veteran and risk-taker forex traders. This account comes with the lowest trading fees and direct access to their own dedicated account manager via phone, live chat or email. It requires a minimum deposit of $10,000. However, the broker recommends a minimum deposit of $50,000. The VIP account traders can benefit from VPS services for free along with all the other services that are provided under the other account types.

In addition to the account types mentioned above, paxforex offers swap-free accounts for clients of muslim beliefs who cannot earn or pay any interest due to sharia law.

Paxforex customer support

Paxforex clients can access customer support through a variety of options including phone, email or live chat. All of these methods are available for 24/5 and competent to respond to the inquiries from existing and future clients with the most useful and accurate information.

The broker also provides a helpful FAQ section in addition to these contact options which features comprehensive answers to many of the most frequently asked questions.

Email: [email protected]

Telephone: +44 203 504 0387

Fax: +44(0)844 507 0446

Paxforex trading platforms

Paxforex provides the industry’s most commonly preferred trading platform, metatrader 4. The MT4 platform is available in its traditional desktop format, as well as on mobile devices via the MT4 mobile platform.

Metatrader 4 remains one of the industry’s most successful forex trading platforms, and is viewed by many as the pinnacle of forex trading platforms. MT4 has been a highly effective, and user-friendly platform for forex traders for more than a decade. To paxforex none of that has changed.

The MT4 desktop version is a platform which is visually simple but technically powerful. The platform allows traders to utilize a plethora of charting tools and technical indicators without any extra fee. Traders who wish to automatize their trading strategies can also make use of expert advisors (EA).

Paxforex withdraw and deposit methods

Paxforex clients can choose withdraw and deposit funds into their account through wire transfer, credit / debit card, neteller, skril, okpay, qiwi, fasapay, perfect money, webmoney, unionpay, bitcoin, ethereum and uphold.

For most methods, the minimum deposit is either $10 or $30, but for wire transfer, which usually takes between 3 and 5 business days, the minimum deposit amount is set at $100. All methods, except perfect cash, okpay, unionpay and neteller incur some kind of fee when you deposit and withdraw.

The minimum withdrawal is $10, but it is $30 for unionpay and $100 for wire transfer and credit / debit card.

Paxforex trading instruments

Paxforex offers trading services in forex, precious metals, company shares and cryptocurrencies. All major forex pairs, minors and various exotic currencies are available for investing. The spreads vary depending on the type of account that the client has selected.

The major pairs such as EURUSD, GBPUSD, USDJPY and USDCHF charge a spread of 0.3 pips to 3.0 pips depending on the account type. On the other hand, the spreads for minor pairs such as AUDJPY, EURJPY and GBPJPY change from 2.0 pips to 12 pips according to the account type.

Apart from forex pairs, paxforex provides opportunity to speculate on gold, silver, bitcoin, ethereum, ripple, litecoin and company shares.

Paxforex bonus and promotions

100% loyalty deposit bonus – paxforex doubles your margin for every $1200 deposit. This is a stackable bonus which means that you can activate the 100% for every deposit of at least $1200 with the condition that at least 31 days have passed following the previous deposit.

Other bonus and promotions – various arbitrary bonuses and promotions such as 4th of july independence day bonus, labor day promo, etc…

Does paxforex accept US clients?

Yes, paxforex accepts clients from the US.

Paxforex review final word

Paxforex is not regulated but follows a pro-customer approach with attractive trading conditions and superior client relations. Maximum leverage is 500:1 and spreads could lessen as low as 0.3 pips depending on the account type. Traders can invest in precious metals, company shares, cryptocurrencies in addition to forex pairs through the state-of-art metatrader 4 trading platform. A notable further benefit of paxforex is the 100% loyalty deposit bonus which doubles the client’s margin for every deposit over $1200. Along side all the other things being said, paxforex is another off-shore choice for US clients who are in search of a forex brokers.

So, let's see, what we have: how do I withdraw money funds from my account? To spend your profits, you must withdraw them from your forex brokerage account. This process is usually straightforward but does require a few steps. At paxforex withdrawal