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Score

0123456789
.
0123456789
0123456789
/10

PaxForex

China|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://paxforex.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

PaxForex-Demo Server

Germany
MT4
2

Influence

C

Influence index NO.1

Portugal 3.25

MT4/5 Identification

MT4/5 Identification

Full License

2
Server Name
PaxForex-Demo Server MT4
Server Location Germany

Influence

Influence

C

Influence index NO.1

Portugal 3.25

Surpassed 62.01% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+44 2035040303
info@paxforex.com
https://paxforex.com/
https://www.facebook.com/PaxForex.Best.Forex.Broker

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+44 2035040303

Portuguese

+44 203 504 0303

Broker Information

More

Company Name

PaxForex

Company Abbreviation

PaxForex

Platform registered country and region

China

Company website
Twitter
Facebook

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

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PaxForex · Company Summary

General Information & Regulation

PaxForex, founded in 2011, is an online Forex broker domiciled in Saint Vincent and the Grenadines. It has been verified that PaxForex is not subject to any regulation. Please be aware of the risk.

Market Instruments

PaxForex offers traders the opportunity to trade currency pairs, gold and silver, stocks and indices in the financial market.

Minimum Deposit

PaxForex offers traders a wide choice of accounts. The Cent account is designed for newcomers who want to experience trading with real money with the least risk. It requires a minimum deposit of only $10 to start but recommends that $100 be deposited. This account is with USD only.

Leverage

When it comes to trading leverage, the maximum leverage offered by PaxForex is relatively high, reaching up to 1:500. Since leverage, can amplify both profits as well as losses, choosing the right amount is a key risk determination for traders.

Spreads & Commissions

Spreads differ depending on various trading accounts. The minimum spread for the Cent account start from 3.0 pips, 1.8 pips in the Mini account, 0.3 pip in the Standard account, with the minimum spread in the Fix account at 2 pips, and from 0.3 pip in the VIP account.

Trading platform Available

PaxForex uses the popular MT4 platform in web and mobile forms. The platform offers all the benefits of the MetaTrader4 and it accommodates demo accounts as well. The VPS service is also provided, with a fee of $25 per month.

Deposit & Withdrawal

Deposits to traders accounts can be made using bank transfers, credit cards, WebMoney, Neteller, Skrill, Perfect money and other online wallets. Only in USD, EUR, GBP and CHF deposits are accepted. PaxForex does not charge any fees for the external transfer of funds to a Forex account except for Credit/Debit Card deposits, and if used, a 2.5% charge is applied to cover a portion of the total charges made by the card processors involved in the transactions.

Customer Support

The PaxForex Customer Support Team is available 24-hours a day, 5 days a week via Live Chat, Skype, Email, Call Back Request and Telephone.

News

US Federal Court Imposes Permanent Trading Ban on PaxForex

NewsUS Federal Court Imposes Permanent Trading Ban on PaxForex

2022-02-17 11:25

The court order seeks the defendant to pay a civil monetary penalty of $374,864.

WikiFX
2022-02-17 11:25
News
US Federal Court Imposes Permanent Trading Ban on PaxForex

User Reviews

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User comment

5

Comments

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老夫`赵宝祥
more than one year
I used PaxForex to try and make some money trading the forex market. Unfortunately, the experience was not as great as I had hoped. I made a few trades and started to make some profits, but when I tried to withdraw my money, the withdrawal process was denied I found this exhausting.......
2023-02-17 14:34
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0
0
欢欢1291
more than one year
Never trade with this PAX Forex! Why? They have serious withdrawal problems, yes, they don’t let you withdraw your profits or your money. At that time, they rejected my withdrawal requests, and then blacklist me. I must be here to share my experience to stop you guys.
2023-02-14 18:29
Reply
0
0
王俊為
more than one year
My advice is to stay away from all unregulated brokers unless you don't think getting scammed is serious business! When I choose a broker, I often check wikifx and I can see a lot of useful information.
2022-11-28 18:11
Reply
0
0
FX1051578454
more than one year
I don't know if they changed the URL, but the website is now inaccessible. Judging from the comments on the Internet, it seems that the evaluation is not bad, but in any case, it is better to choose those regulated brokers, which are more reliable.
2022-11-27 14:48
Reply
0
0
FX1061014294
more than one year
Terrible thing to go through. Those jerks would cut me off from large pairings while the chart was still more than 20 pips away from their claim. I've seen major pairings with spreads of over 40 pips, and that's enough to prevent me from entering a trade that may have been successful. Since they illegally closed three of my transactions for no apparent reason on a number that the chart had not been near to in any timeframe in recent memory, I never bothered to try to get my money back from them.
2022-11-26 23:05
Reply
0
0
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