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Independent rating of Forex broker PaxForex

2/10 (votes 100)

On-line since
2010
Country of origin
Saint Vincent and the Grenadines
Regulation
KROUFR, Russian Regulation center for OTC financial instruments and technologies (CRFIN)
Payment options
international wire transfer, WebMoney, Visa and MasterCard cards, Skrill, Neteller, CashU, OKPAY, Perfect Money
Minimum account size
$10
Minimum lot size
0.01
Leverage
1:500
Spreads
from 0.3 points
PaxForex is a trading company founded in 2010. Its main representative office is situated in London. The broker offers its clients Instant Execution and Market Execution for mini, standard, VIP, Fix, and demo accounts. Besides, there is a wide range of trading instruments: 25 currency pairs, gold, and silver.
Trading is carried out through the most popular trading platform MetaTrader 4 both for personal computers and mobile devices. Traders have access to expert advisors, hedging, scalping, and unlimited number of deals.
Regardless of a deposit, every client is provided with the quality information technologies from famous brand MetaQuotes Software. Besides, high-quality services for customer support set PaxForex apart from other brokerage companies.
The broker has its own online magazine with regularly updated market analytics thanks to which traders are always on top of the latest financial news.
The company has representative offices in the countries of Asia, Europe, Africa, North America, and South America.
Advantages:
  • Trading recommendation
  • Deposit bonuses
  • Free online education
  • Personal manager
  • Access to economic calendar and Forex news

Write your comments on the quality of the broker’s services and time of deal execution. Tell other traders pros and cons of PaxForex.

Comments

Author: Hermosa Date: 2021-10-12 02:01:48 (UTC+3)
After a year of trading with PaxForex, it's always been pleasant and I have nothing to complain even never face any bad experience during trading with PaxForex. PaxForex is a professional broker, they have a good trading platform that can bring me profit. The platform works well and I found fast execution without any slippages. I'm using my bank account to transfer funds on my trading account and the transactions are processed well. Last time I tried withdrawing $1000 and it was transferred to my account within 6 hours.
Author: Tranh Date: 2021-09-28 05:38:30 (UTC+3)
PaxForex has been my broker since 2018. The company has consistently provided amazing services. From platform to funds withdrawal, this broker really does its best to be efficient.
Author: Cally Date: 2021-06-09 04:19:26 (UTC+3)
After six months joined with PaxForex, I finally managed to stable profit. The profit amount is not the same as I expect. I think it depends on my skill, but PaxForex helps me have a stable profit until now. Their platform is good, with fast execution and fixed spreads, and it's going same as in demo account. Customer support always willing to helps me. I feel satisfied with their services. I recommend PaxForex
Author: Gaby Date: 2021-06-07 05:37:08 (UTC+3)
When I opened an account at PaxForex, I got a deposit bonus. It was great because I was able to level up my leverage and I had more funds to use in my trading activities. The bonus is still in my account until now and I was also able to take the profits from it already.
Author: Codrin Date: 2021-02-10 06:33:20 (UTC+3)
What I love the most about PaxForex is their online magazine which contains daily market analysis and many other articles about the current economic events. This is very helpful in my trading activities. Of course, the whole trading environment of the broker is excellent.
Author: fxBuddy Date: 2021-02-09 02:41:42 (UTC+3)
I'm happy with my trading at PaxForex. They are very good and care about customers. I feel safe and comfortable while trading with them. I opened my account last month, and I received a No Deposit Bonus of $50. I could know their services and platform, and one month later, and I made my first deposit. I'm also very well impressed with their loyalty program that offers a lot of advantages for traders. They are also providing good trading tools, which is useful. I recommend PAxforex to all. It's a great broker.
Author: Lokkhon Date: 2020-12-23 08:30:23 (UTC+3)
PaxForex is a very bad broker. I was deposited $750 through Skrill but only get $694 in my account. However, they announce that they have no commission on Skrill. Beside this, their order execution is quite slow. Often it takes more than 30 seconds to execute orders, not matter whether they are market orders or pending orders. Nothing good about this broker. So I decided to close my account and withdraw my fund. I made a withdraw request of $445 and this time I got $358. That is ridicules. Definitely do not recommend PaxForex broker!
Author: Chela Date: 2020-10-16 06:12:17 (UTC+3)
I opened an account at PaxForex three months ago. I started with a small capital then started adding more as I saw how efficient and convenient it is to trade with this broker. Their trading platform is very easy to use and the trading fees are not high. My account manager is also friendly so I can I easily ask for his assistance when I am having a little trouble with my trades.
Author: Rodrigo Date: 2020-10-13 02:18:24 (UTC+3)
PaxForex is recommended broker. I have been trading with PaxForex for 5 months. It's always been profitable for me. I also got 50% deposit bonus from PaxForex. Their platform is stable and they provide trading news which really helps me to make a trading strategy. I earned around $1000 and easy to withdraw via MasterCard, it's always been successful with low commission. I will definitely keep up with PaxForex and make more profit.
Author: Kikofx Date: 2016-09-13 19:48:15 (UTC+3)
Better to get out of this broker, it's not good. They seriously increasing the spreads at their interest, platform crashes when I have a profitable trading, there are hidden commissions and support do not answer complaints. I suggest to any trader does not choose to join Pax, it will not be good. I'm very angry with the bad service they were doing.

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