Forex Broker

PaxForex

PaxForex is an online trading broker providing diverse Forex and CFD trading services across over 70 tradable assets. They offer the MetaTrader 4 platform for web, des...

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Basic Information

Full Company Name: PaxForex (Laino Group Limited)
Country: St. Vincent and the Grenadines
Founded: 2010
Minimum Deposit: $10
Trading Platforms: MetaTrader 4 (MT4)
Minimum Trade Size: 0.01 lots
Business Model: No Dealing Desk (NDD), Market Maker (MM)
Deposit Methods: Supports multiple funding options, including credit cards, debit cards, bank wire transfers, and e-wallets (such as Skrill, Neteller)
Server Time Zone: GMT+2 (Daylight Saving Time applicable)
Email: [[email protected]](mailto:[email protected])
Phone: +44 20 8144 4433
Headquarters Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines

Regulatory Information

  1. No formal regulatory oversight
    • License Number: Not applicable
    • Regulatory Details: PaxForex operates without formal regulation, emphasizing transparency and security through its robust platform and trading conditions.

Account Types

Account Type Cent Account Mini Account Standard Account VIP Account
Minimum Deposit $10 $100 $2,000 $10,000
Spreads From 2.4 pips From 0.3 pips From 0.4 pips From 0.3 pips
Commission None None None None
Tradable Instruments Forex, Metals Forex, Metals, Energies Forex, Metals, Energies, Indices, Cryptocurrencies, Stocks Forex, Metals, Energies, Indices, Cryptocurrencies, Stocks
Trading Platforms MT4 MT4 MT4 MT4
Leverage Up to 1:500 Up to 1:500 Up to 1:500 Up to 1:500
Order Execution Market Execution Market Execution Market Execution Market Execution
Swap-Free Option Available Available Available Available
Hedging Margin 50% 50% 50% 50%
Margin Call Level 50% 50% 50% 50%
Stop-Out Level 20% 20% 20% 20%
Minimum Trade Lot Size 0.01 lots 0.01 lots 0.01 lots 0.01 lots
Maximum Trade Lot Size 100 lots 100 lots 100 lots 100 lots
Maximum Number of Positions No limit No limit No limit No limit

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