PaxForex

Paxforex claim to be a product of team work. The owners of the company have remained anonymous. Their offices are located in London and Isle of Man.

PaxForex Review

Broker TypeMarket Maker
Office LocationsUnited Kingdom
Isle of Man
Nigeria
RegulationNone
Trading PlatformsMetaTrader 4
Minimum Deposit $10

 

PaxForex Trading Conditions

The broker offers a moderate spread, which cannot be said to be the lowest in the Forex market. This broker offers only variable spreads. The spread for EURUSD is typically 0.8 on VIP accounts only, while normal account has spreads of 1.8, and cent account 2.4. When you compare their spreads to that of Profiforex (average spread- 0.4) on all account types, it would be your choice. The difference is huge!

Maximum Leverage is 1:500 and the company claims there is no restriction to using this leverage.  Margin Call level is 10%, while stop out level is 5%. Minimum deposit on a cent account is $10, while on a Mini account you can start with $100.

 

PaxForex Account Types

Here is a comparison table for the broker’s account type:

paxforex

 

 

 

 

 

 

 

 

 

 

 

Deposit Methods: Credit/Debit Card, Bank Transfer, Skrill, Perfect Money, Neteller, Webmoney, FassaPay, QiWi, Okpay, UPay, Bitcoin, and Etheruem.

 

Broker Scam

Have you been scammed by Paxforex? Well, we have not read or heard about any legal cases against this broker. You can do well to alert us if you have been scammed by this broker by leaving a comment below. PaxForex is not regulated, we urge you to conduct your due diligence before depositing money with this broker.

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