Do not cooperate with Paxforex.org.

We strongly recommend avoiding this broker because an official website is not working.

It is a strong signal that any activity is likely a scam or fraud.

Check out other brokers in our list of brokers who have high ratings and proven customer feedback.

Best Forex Brokers

#BrokerMin. depositMin. priceMax. profit*SiteReview
11 $0 $Start tradingRead review
* "The amount that will be credited to the account in the case of a successful deal".
Your capital might be at risk. The financial services provided by this website carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose.

This review was written for introductory purposes when the main website was working and most customers left their reviews.

PaxForex – forex broker from traders for traders

Min. deposit
10$
Min. trade price
0.1$
Demo account
No
Currency
EUR GBP USD
Supported languages
Eng Rus
Active
No
* The amount that will be credited to the account in the case of a successful deal

Trustpilot Real Time Reviews

Star

The Trustpilot rating is 3.4,
according to 19 reviews

4.5 Stars
Edward Renardo
Edward Renardo
stars
au
Been trading Forex for 3 months now, no issues so far and everything was fine. I can deposit and withdraw without any dramas and all my queries have been resolved easily by the team. cannot recommend more. Would be nice if they have the PayPal option on their website tho.

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Crescentia Althaus
Crescentia Althaus
stars
gr
I invested 100 initially, quickly earned a minimum, and withdrew, and the money came quickly. They confirmed the documents quickly! I would like to note the way the stop-loss and profit triggered - as long as there were trades, they were always at the set price. I trade mostly on EUR/USD and was able to make some quick money as I understood that even the orders were executed excellently. PaxForex is a worthy company with normal deposit requirements, a client agreement without shady terms, acceptable commissions, and most importantly - the withdrawal on time! I have no one to compare it with, but as a matter of fact, everything is okay and this is how it should be!

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Cyrine Bouaziz
Cyrine Bouaziz
stars
fr
I trade with this broker and so far I am satisfied with the results. My first real deposit was $500, and later when I started to make a profit I started to increase the amount little by little. I would suggest beginners start with the demo account, it's no different from real trading. I think you can make money here if you trade responsibly, that's what I`m trying to do on the PaxForex trading platform.

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Maram Fhir Abbas
Maram Fhir Abbas
stars
za
Thanks for the welcoming bonus and easy-to-use website. Special thanks for no problem withdrawal, did not expect that after thousands of stories on the Internet. They are great with that as well as the trading process itself. For those who want to start their career in the Forex market, it is better to trade with such companies, then there is less chance to be disappointed in Forex because many inexperienced people choose a broker where you have to wait for the withdrawal for weeks.

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Gary
Gary
stars
gb
Fantastic broker, ignore all the BS below. You get an account manager that guide you through the process and the spread etc is great. I don’t get why people are just out to slate good brokers these days, but these guys aren’t one.

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Clayton
Clayton
stars
ca
Easy to management. Provide guideline for Beginners.

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Olaf M.
Olaf M.
stars
de
I really see that they work no matter what i been with them for more then a year now and still there the best for me and i trade with 3 other brokers. they pickup the phone when i need and theres always a manger that will anwer everything for me NOT all brokers have that let me tell you. Also no matter what profit i make its all for me they dont try too add feed like everyone else i use GOOD JOB! keep it up

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Humbert Cousineau
Humbert Cousineau
stars
fr
I think PaxForex deserves respect, the broker offers traders good trading conditions - a large variety of different instruments, many options for depositing and withdrawing funds, and much more. Isn't it a professional approach? Obviously, there are always dissatisfied people. Someone is not satisfied with the way the website looks like, someone is answered slowly by the support team, someone finds other reasons. But you know, there are no ideals in our world. But it's easy to trade, and do not pay attention to the fact that someone did not like something. Humbert Cousineau, France

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Mariano De Ludo
Mariano De Ludo
stars
it
I have been working through PaxForex for a long time. Can say that it is one of the best and most reliable brokers today. There is a pretty good section of analytics on the site - often helps, my handy tool. With a good choice of assets and accounts, there is always something to choose from. Nothing to complain about, hope it will not change.

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Walter
Walter
stars
lu
Very good experiance always have answere to questions and very fast Deposit and withdraw works well when you need to following steps of verification like asked I am happy with

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 Abbie Barrn
Abbie Barrn
stars
us
I have been using Paxforex for around a year, they always provide great customer service and low spreads. I started working with Pax with a stander account and after some time I upgraded to VIP.

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Furin
Furin
stars
ru
Not the first year I am engaged in trade. Recently I have changed several brokers due to unsatisfactory trading conditions. I needed an ordinary broker with whom there would be no problems. As a result, I opened an account and now I trade here. Support service answers questions quickly. Money to withdraw quickly is also not a problem. There are brokers better for trading conditions, but they can not boast of stable work. Here the terminal works without interruptions all the time.

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Review of reliable brokerage companies: PaxForex

The ability to earn extra income, excitement and a desire to work without a boss and a strict schedule are the main factors contributing to the growing popularity of online trading. Many users of the network, after viewing the advertisement of the next broker, begin to look for information about how they earn in the global financial market and what needs to be done in order to become a successful trader. Having studied the basics of online trading, a certain percentage of users decide to test in practice how it works. And the first problem that potential traders need to solve is the search for a reliable and promising broker. The task is rather difficult, today many companies offer their clients favorable and comfortable working conditions. Unfortunately, among them there are not only honest brokers, but also fraudsters, whose main goal is the money of gullible newbies. This review will show you how to choose a trading platform in order not to fall into the “network” of scammers. As an example, consider the well-known brokerage company PaxForex, which has managed to form a solid customer base, despite the contradictory reviews about its activities on the Internet.

 

PaxForex - forex trading platform review

 

How PaxForex gaining the trust of traders

The presented trading platform was registered in 2010 on the Virgin Islands. The owners of this company are experienced traders who know well what the potential users need for comfortable work. Solid work experience helps them determine which indicators a potential client pays attention to when choosing a broker.

Security of PaxForex

To ensure the safety of the financial resources of its customers, the administration of the trading platform decided to keep them in separate accounts in reliable banks. Using the applications developed for brokers such as PaxForex and the MT4 platform, the creators of the service provided not only high speed of data processing, but also the security of information / financial resources of their clients.

The age of the company (in the financial services market for more than 8 years) is a serious proof of its reliability. The positive factor is the presence of an office in London (residents of the UK can personally verify that such a company exists) and the size of the minimum deposit ($ 10).

In case of technical or financial problems, the client of the company can contact the customer support service, which works around the clock, five days a week.

Based on this information, we can conclude that by registering a username on PaxForex, the user of the resource runs no risk. But there is one important point that is of great importance for many experienced traders.

PaxForex Regulator

We are talking about the absence of a regulator and documents confirming that the company has the right to provide financial services. Some sources have information about granting licenses to the International Financial Services Commission (IFSC) to this broker. But this institution works on the territory of the state of Belize, and on the official website the presented topic is not affected at all.

PaxForex Training

The broker’s web site has training materials for newbies that will help you understand the principles of the Forex market, and what you need to do in order for it to become a stable source of income. In the “Questions and Answers” section you can find a variety of topics of interest not only for beginners, but also for experienced traders.

The practical part of the training program is implemented using a demo account posted on PaxForex. It allows you to enter into transactions on the trading floor without risking your own savings.

The advice of experienced traders! Never trust the training programs (in this case, a demo account) at 100%. Even with the most honest and well-known brokers, trading results with the use of virtual money will be much better than during the conclusion of real transactions.

For experienced traders in this service provided:

● analytical materials;

● economic news;

● Forex blog and calendar;

● and other useful information necessary for making your own forecasts.

Main rules for PaxForex clients

On the site of the broker, the following types of accounts (not counting, training) are provided:

● Cent (minimum deposit of $ 10).

● Mini ($ 100).

● Standard ($ 2000).

● VIP ($ 10,000).

They differ not only in terms of minimum deposits, but also in indicators such as minimum rate, spread, access to assets, number of currencies used, etc. Judging by the reviews compiled about PaxForex, the presented choice of accounts suits even the most demanding traders.

PaxForex Trading Terms

● Minimum deposit – from $ 10.

● Transaction size – 0.01.

● Mobile trading – provided.

● Currency accounts – the euro, the British pound and the US dollar.

● Spread type – fixed.

● Maximum leverage is 1: 500.

● Affiliate program – functioning.

● Provided personal manager service.

Deposit trading and withdrawal of funds PaxForex

As stated in many reviews compiled about PaxForex, this broker leads among similar trading platforms in terms of the number of ways to deposit / withdraw money:

● Bank transfers.

● Debit and credit cards of VISA / MasterCard systems.

● WebMoney.

● PerfectMoney.

● Neteller.

● QIWI.

● Skrill

● Popular cryptocurrencies.

PaxForex Assets

For profit on this web resource, traders can use: currency pairs, precious metals, cryptocurrencies and stocks. Securities are used for trading only by account holders: standard and VIP.

Analyzing the above information, we can conclude that under the conditions of work, this broker is suitable for both novice and experienced traders. But for further development, he definitely needs to resolve the issue with the license and choose reputable regulators. If you do not fix this problem in the near future, you can lose even the most loyal customers.