August 17, 2022

Top Forex Brokers

paxforex review sreenshotLatest updated information about Paxforex

Reviewed broker: Paxforex

Registered company: Laino Group Limited

Established in 2011

Location: Saint Vincent and the Grenadines

Regulation: no

USA traders: not allowed

Payment options: Credit cards, FasaPay, Neteller, OKPAY, Perfect Money, QIWI, Skrill, UnionPay, WebMoney, Wire Transfer

Why PaxForex

The Most Reliable Platform

One of the most advanced trading platform. MetaTrader 4 is the ultimate trading tool and traders across the globe rely on it each day for all their trading needs. 

Fast Execution

Our IT Infrastructures has been deployed within industry leading datacenters in London (Equinix LD4) and New York (Equinix NY4) thus connecting our servers to those of the Major Exchanges and Liquidity Providers via fibre optic cables to bypass the Internet congestion. 

High Leverage

Leverage is essentially the borrowing of capital to increase your returns of investment. In the forex industry, a forex broker can «lend» capital to a trader, allowing the trader to open a much larger position, just as if they had a much larger trading account than they actually do. 

Trading platforms: MetaTrader 4

Demo account: yes

Account base currency: PAXFOREX only accepts deposits in USD, EUR, GBP and CHF

Currency pairs: 67

Customer support: email, phone, live chat, skype, web form

Free VPS: yes

Account types: Mini, Standard, VIP, Cent

Forex mini account

Forex Account designed for new forex traders. Allowing to trade Forex without exposing clients to high risk. The minimum deposit is 100 USD. Has competitive Forex spreads.

Standard Forex Account

Forex Account funded at 2000 USD and up to 9 999 USD and is appropriate for experienced as well as professional Forex traders with a distinctive knowledge of the Forex. Has lowest forex spreads, allowing to trade Forex, Gold, Silver.

VIP Forex Account

Forex Account funded at 10 000 USD and more. It is designed for experienced and professional Forex traders who are ready to trade significant volumes. Has lowest Forex spreads, allowing trading Forex, Gold, Silver, plus direct access to their own personal Account Manager, through phone, chat or email.

Cent Forex Account

Designed for newcomers who wants to get an expirience of real money trading with lowest risks. Cent forex account is a perfect way to adjust your own trading strategy, or expert advisor testing with the broker trading conditions.

Islamic accounts: yes

Minimum deposit requirement: $100

Promotion: No deposit $7 bonus for new registrations – can only be used for trading

Minimum position size: 0.01 lot

Maximum leverage: 1:500

Variable spread: yes

Spread starts from 1.4 pips

Hedging: yes

Scalping: yes

Expert Advisors: allowed

Trailing stop: yes

One click trading: yes

Mobile trading: yes

Automated features: yes

Margin call: 10%

Stop out level: 5%

The PaxForex offers modern 5 decimal quotes for majors currency pairs and 3 decimal quotes for majorJPY (Japanese yen) crosses.

How was the rating of PaxForex performed compared to other brokers? 

This 2022 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on PaxForex FX broker performance and features. 

Overall our online PaxForex review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online PaxForex or you find inaccurate details PaxForex broker review please get in touch with us and the changes will be applied.