PaxForex is an online forex broker that provides trading options for forex, Contracts for Difference (CFDs) and spot metals. Established in 2011, PaxForex prides itself on creating the best possible environment for online traders to succeed. Operating out of Saint Vincent and the Grenadines, PaxForex caters to traders of every level, which is why both beginners and experienced traders are welcomed with open arms on its website landing. Although it is not yet regulated, it has a loyal clientele that is only growing with the passage of time.
The trading platform that PaxForex has opted for is the ever-reliable MetaTrader 4, which is popular in the online trading community. MetaTrader 4 offers a user-friendly interface along with multilingual support. It also provides its users with an in-depth analysis of the market by using real-time updated charts and blocks to better understand the trading market.
Another reason for the popularity of the MetaTrader platform is that it offers mobile applications to traders, which enable them to assess the market while in transit and adjust and adapt accordingly so as to maximize their profits and increase their gains. The MetaTrader apps are available on iOS, Android, and Windows Phone devices.
PaxForex offers the choice of 4 different accounts. The first option is called the Cent account, which requires an initial deposit of 10 USD but promises a maximum leverage of up to 1:500 at a minimum spread of 3.0. The Mini account also requires an initial deposit of 10 USD but unlike the Cent, it promises a maximum leverage of 1:500 at a minimum spread of 0.8. The Standard account requires an initial deposit of 2000 USD and promises a leverage of 1:500 at a minimum spread of 0.3. The last option is the VIP account, which requires an initial deposit of 10,000 USD and promises a minimum spread of 0.3 at a margin call of 10% and a stop-out level of 5%.
- Free training programs for businesses
- Personal account manager
- Easy registration
- Tightest spreads starting from as low as 0.3 pips
- Up to 80% revenue share for partners
- Minimum trade lot size of 100,000 (1,000 for the cent account)
- Swap free accounts available
- In-depth market analysis provided to clients
- Commission free transactions
- Leverage of up to 1:500
- 24/5 customer support
- 100% deposit bonus for initial deposits more than $1200
PaxForex offers extensive customer support in multiple languages such as English, Russian, Portuguese, Chinese, Thai, Lao, and Arabic. Moreover, PaxForex has a 24/5 customer support live chat feature which simply means that users can communicate their problems to professional traders and receive expert advice in real time. Furthermore, users can register their complaints via email, mail, or phone.
PaxForex is a promising online brokerage firm that has quickly made a name for itself in the online trading business. However, it must become regulated soon if it is ever to see its list of clients grow exponentially.
Office website: https://paxforex.com/