PaxForex Review 2021

8

/10

PaxForex Review 2021
Davis J.
Robertson A.
March 2021
Analysis of the Main Features of the Forex Broker

8

Overall rating

7.7

/10

Execution of orders

8.3

/10

Investment instruments

8.1

/10

Withdrawal speed

7.9

/10

Customer Support work

7.6

/10

Variety of instruments

8.4

/10

Trading platform

17

Position
in rating

Trading terminals:

MT4
17

Position in rating

8/10
Overall rating

Trading terminals:

MT4

PaxForex Latest Comments for 2021

11
1
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Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

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I've known about PaxForex for a long time, but I’ve only been trading with them for about 1.5 years. During this time, I also tried out other brokers, but I have opted to stay with PaxForex because they have really good conditions for trading. There are no commissions for withdrawals but there are delays, which are mainly caused by the banks. Customer support never ignores a request, acts promptly, and helps to clarify the issues, which are resolved in a matter of minutes.

PaxForex is a good broker where everything works fine. They have excellent technical support, live chat, and low spreads. The options for withdrawing funds are great and include Webmoney, Skrill, bank cards, etc. The brokers’ commissions are minimal or absent and mainly depends on the bank. Everything else is similar to other decent brokers. I have not made a withdrawal yet. I would like more contests and promotions. I was pleased with the opportunity to trade cryptocurrency because this topic is interesting to me. There are extra bonuses and a cent account, which I used to test the main points of trading.

I am not a newcomer to trading. I know PaxForex has different liquidity providers. It is quite profitable to work with currency pairs here because the company’s spread level is quite low. I prefer to trade stocks and metals with other brokers. In general, the broker is quite normal. If you have any issues you can always contact technical support and they can quickly clear up the situation for you. In this regard, PaxForex managers are quite good, they respond quickly and are knowledgeable. Finally, I would like them to have PAMM accounts as well.

PaxForex broker immediately inspired me with its cent account because you never know whether you will get a good profit here. That’s why cent accounts are great so you will not risk a lot of money trying to learn a new platform. You can learn while only risking a small investment using a cent account. The results of trading on a cent account shows that the quality of trading is quite acceptable. Also, I sometimes work with Bitcoins, so the ability to trade cryptocurrency played a role in me choosing this broker.

I have been trading with PaxForex for about a year and it is not a bad broker so far. I haven’t noticed any fundamental differences with other companies. I recently discovered a Forex calculator on the broker’s website. It is not the most needed thing in trading, but it simplifies the work because I can vary the data inputs. I think it is a great addition to the trading platform. I also like the analytics on the company’s website. The information is always timely and relevant. I use many tools and I have checked several forecasts, 90 % of which are very accurate. It is clear that the market forecasts are developed by Forex specialists and not just copied from the websites of other brokers.

PaxForex is a good brokerage company and I have been working with it for several years. The execution of orders is instant and the spread is quite narrow. You can work with cryptocurrency. Many experienced brokers trade here as evidenced by the messages of people on multiple forums. If you desire serious real trading, or you need high-quality service and you are not interested in contests and promotions, then you would be at home here. I would like more trading tools, however.

I can recommend PaxForex with a clear conscience. I have been trading here for several years and have never been disappointed with this broker. The platform works well, except that I do not like it when the terminal freezes up, which happens quite often. They does not have many cryptocurrencies, but I only work with Bitcoins. Of course, this is not the main factor that I use the platform. It is also important that this broker is set up for serious trading. I highly recommend it.

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