According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- MT4
- FSA
- 2008
Our Evaluation of PaxForex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
PaxForex is a moderate-risk broker with the TU Overall Score of 5.32 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by PaxForex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
PaxForex is a universal broker for active trading, which is perfect for manual trading and use of classic strategies without using scalping technologies.
Brief Look at PaxForex
The PaxForex brokerage was incorporated in 2010. The company provides classic OTC (over the counter) trading services to both novice and professional traders. The PaxForex team consists of former professional traders who rely on technological developments that allow them to successfully compete with other European brokers. The broker's trading toolkit is represented by currency pairs, CFDs (contract for differences) on stocks and metals, and cryptocurrencies. The company operates under the jurisdiction of Saint Vincent and the Grenadines Islands (SVG FSA).
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- availability of cent accounts;
- relatively small spreads;
- expert assistance and support to create your own affiliate network.
- a commission charged for each withdrawal. The broker does not charge his commission, but also does not cover the costs of the trader;
- technical limitations when working with advisors;
- work according to the hybrid A-Book/B-Book scheme;
- no investment programs;
- offshore regulation, no insurance fund.
TU Expert Advice
Author, Financial Expert at Traders Union
PaxForex provides a diverse range of trading options, including currency pairs, CFDs on stocks and metals, and cryptocurrencies. The broker supports trading through the well-known MT4 platform, and offers demo, Cent, Mini, Standard, and VIP v accounts. With a minimum deposit starting at $10, leverage up to 1:500, and multilingual client support, PaxForex caters well to novice traders seeking to explore financial markets.
Despite these advantages, there are notable drawbacks, including offshore registration without legitimate regulatory oversight and associated concerns about investor protection. Additional disadvantages are technical limitations with expert advisors and withdrawal fees imposed by payment systems. Therefore, PaxForex may be a better fit for beginners or those focusing on manual trading, while traders prioritizing robust regulatory oversight may consider alternatives.
PaxForex Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | МТ4, All pips |
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📊 Accounts: | Demo, Cent, Mini, Standard, VIP |
💰 Account currency: | USD, EUR, GBP (USD for the cent account) |
💵 Deposit / Withdrawal: | WebMoney, Neteller, Skrill, Perfect Money, FasaPay, Bitcoin, bank cards, bank transfers |
🚀 Minimum deposit: | From $10 |
⚖️ Leverage: | Up to 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 (0.0001 for the сent account) |
💱 EUR/USD spread: | 0,4 pips |
🔧 Instruments: | Currencies, assets of stock and commodity markets, cryptocurrencies |
💹 Margin Call / Stop Out: | 10%/5% (55%/20% for cent account) |
🏛 Liquidity provider: | Credit Suisse, Barclays, Deutsche bank, Goldman Sachs, UBS, and Merrill Lynch |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Instant execution, Market execution |
⭐ Trading features: | Cryptocurrency trade available |
🎁 Contests and bonuses: | Yes |
PaxForex trading conditions are attractive to novice traders with a cent account with a minimum deposit of $10. The leverage is the same for all account types, 1:500. The stop-out level is 5% for all accounts, except the cent account.
PaxForex Key Parameters Evaluation
Video Review of PaxForex
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Trading Account Opening
Before you start earning, register on the Traders Union website for free to receive your automatic rebates! Then go to the broker's website using the partner link.
How to register on the PaxForex website:
Click the “Register” button on the main page of the broker website.


Enter personal information, including telephone and e-mail. The code will be sent to your phone along with the verification link to your email.
The following is available in your PaxForex Personal account:




Other useful functions and features of the Personal account:
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work with trading platform;
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access to the training materials and videos;
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personal manager;
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affiliate program statistics.
Regulation and safety
PaxForex has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Negative balance protection
- Track record over 17 years
- Not tier-1 regulated
- Not regulated
PaxForex Security Factors
Foundation date | 2008 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
PaxForex is Not a Regulated Broker
Commissions and fees
The trading and non-trading commissions of broker PaxForex have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of PaxForex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, PaxForex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
PaxForex Standard spreads
PaxForex | Pepperstone | OANDA | |
EUR/USD min, pips | 0,4 | 0,5 | 0,1 |
EUR/USD max, pips | 1,8 | 1,5 | 0,5 |
GPB/USD min, pips | 0,5 | 0,4 | 0,1 |
GPB/USD max, pips | 1,9 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
PaxForex RAW/ECN spreads
PaxForex | Pepperstone | OANDA | |
Commission ($ per lot) | 2,5 | 3 | 3,5 |
EUR/USD avg spread | 0,4 | 0,1 | 0,15 |
GBP/USD avg spread | 0,4 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with PaxForex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
PaxForex Non-Trading Fees
PaxForex | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
PaxForex broker offers several types of accounts designed for different audiences of traders. There are cent accounts for novice traders, standard accounts, and accounts for institutional clients as well as an option to trade stocks.
Types of accounts:
It is also possible to open a demo account, where you can get acquainted with the broker's trading conditions and platform without risking any capital.
Deposit and withdrawal
PaxForex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
PaxForex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Minimum deposit below industry average
- Bank wire transfers available
- BTC available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
- Only major base currencies available
What are PaxForex deposit and withdrawal options?
PaxForex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT.
PaxForex Deposit and Withdrawal Methods vs Competitors
PaxForex | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are PaxForex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. PaxForex supports the following base account currencies:
What are PaxForex's minimum deposit and withdrawal amounts?
The minimum deposit on PaxForex is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact PaxForex’s support team.
Markets and tradable assets
PaxForex offers a limited selection of trading assets compared to the market average. The platform supports 104 assets in total, including 40 Forex pairs.
- Indices trading
- Crypto trading
- 40 supported currency pairs
- Futures not available
- Bonds not available
%1$s Supported markets vs top competitors
We have compared the range of assets and markets supported by PaxForex with its competitors, making it easier for you to find the perfect fit.
PaxForex | Plus500 | Pepperstone | |
Currency pairs | 40 | 60 | 90 |
Total tradable assets | 104 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | Yes | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products PaxForex offers for beginner traders and investors who prefer not to engage in active trading.
PaxForex | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | No | No | Yes |
Managed accounts | Yes | No | No |
Customer support
Information
The broker's Customer Support service is available for each trader 24/5.
Advantages
- Competence and professionalism of managers
- Multilingual support
Disadvantages
- Customer Support is not open on weekends
There are several ways to contact Customer Support:
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by phone, as indicated on the website;
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via fax;
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via email;
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via chat on the broker’s website;
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using a questionnaire on the website in the "Contacts" section;
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using contacts on social networks.
Support is available on the broker's website and in your Personal account.
Contacts
Foundation date | 2008 |
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Registration address | Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines |
Regulation | FSA |
Official site | paxforex.org |
Education
Information
Several sections have been created on the PaxForex broker's website. They are full of fundamental informational education and support for novice traders who don’t have very much trading experience, but it is often used by professional traders, too.
The information presented on the PaxForex.com website can be used to develop trading systems (strategies).
Comparison of PaxForex with other Brokers
PaxForex | Bybit | Eightcap | XM Group | LiteFinance | |
Trading platform |
MT4, MobileTrading, MultiTerminal, Allpips | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, MultiTerminal, Sirix Webtrader |
Min deposit | $10 | No | $100 | $5 | $10 |
Leverage |
From 1:100 to 1:500 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:1000 |
Trust management | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | No | 7.00% |
Spread | From 0.3 points | From 0 points | From 0 points | From 0.8 points | From 0.5 points |
Level of margin call / stop out |
10% / 5% | No / 50% | 80% / 50% | 100% / 50% | 50% / 20% |
Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution |
No deposit bonus | $7 | No | No | No | No |
Cent accounts | No | No | No | No | Yes |
Detailed Review of PaxForex
The PaxForex company is part of the “Liano Group” financial corporation, which provides services in the European Forex market. PaxForex is registered under the jurisdiction of Saint Vincent and the Grenadines(SVG FSA), and also has offices in the UK and other countries. The broker is a universal classic company providing CFD trading services, including cryptocurrencies.
These are a few other interesting conditions by PaxForex trading:
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the minimum deposit is $10;
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the leverage is up to 1:500;
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withdrawal of deposits is completed in about 7 minutes.
PaxForex is the best broker for novice traders
PaxForex is a classic broker providing standard services on the Forex market. The broker's team is focused on the technological development of the order processing system and the electronic pricing system. The broker's IT infrastructure is deployed in leading data centers in London (Equinix LD4) and New York (Equinix NY4). PaxForex servers are connected to the servers of the largest exchanges and liquidity providers via optical fiber networks. Quotes update three times per second which guarantees traders with the best execution prices.
PaxForex has only MetaTrader 4 in its toolkit. That is a disadvantage since this version of the platform does not have a full-fledged depth of market and does not allow assessing the depth of the market. Per contra, it is one of the most popular platforms on the Forex market. For these and other reasons, PaxForex is convenient and intuitive for novice traders.
Useful services offered by PaxForex:
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pip value calculator. It allows you to calculate the pip value depending on the currency pair, the currency of the trading account, and leverage;
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economic calendar. It provides information about the fundamental events that may affect quotes.
Advantages:
relatively limited spread for individual trading assets;
it is possible to trade major cryptocurrencies (BTC, ETH, LTC, XRP); and
multilingual support for over 50 countries.
There is no information on the PaxForex website about any restrictions on the use of risk, hedging instruments, or trading advisors.
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