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...
Tags:Forex BrokerBasic 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
- 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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