Pax Forex Review

PaxForex is one of the fastest growing brokers with a set of advantages, deservedly valued by many traders from more then 200 countries. Those who are just taking the first steps in financial market, and experienced customers, who have long seen us as a reliable partner, value the company for its attitude to each client and its desire to do more than may be required.

For each company is not easy to gain a foothold among the large number of bigger and more experienced competitors. However, thanks to constant improvement, faith in success and our daily readiness to achieve the best results, today we can confidently say that we provide comfortable trading and the best trading conditions on the financial market for more than 110.000 clients. PaxForex accept USA and JP clients and we have Islamic accounts and monthly promotions as well

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PaxForex was founded in 2010 and register St Vincent and Grenadins by a team of professional traders with the help of investors. The owners of the company have extensive experience in Forex, stocks, options and CFDs markets as traders and dealers. We have gained our experience by working in managerial positions with the largest brokers, who are now our major competitors. Even though we are not a company of a big size, we are big enough to always meet our customers’ demand on time, and small enough to provide unique products and services in the industry.

PaxForex offers traders a wide choice of accounts. The Cent account is designed for newcomers who want to experience trading with real money with the least risk. It requires a minimum deposit of only $10 to start but recommends that $100 be deposited. This account is with USD only, there is a minimum lot size of 1000, leverage of 1:500 and it does not offer trades in gold or silver. The spread is 3.0 .

  1. Spread

Our spreads are the lowest on the market. We tried to make it optimum for you. In addition, we provide accounts with fixed spreads.

  1. Leverage

Leverage increases the cost of one point, so you must use it with caution. With small deposit, using a big leverage is risky. That is why we offer 1:500 as the highest leverage.

  1. Mini account

This type of account was created for newbies and for those who prefer to deposit small amounts. The minimum deposit for this account is only 10$.

  1. Support

Forex market works 24 hours 5 days a week, so we provide round the clock online support. Our operators answer the questions fast and considerate. You can contact our customer support team by email, phone or live chat.

  1. No commissions or fees

PaxForex does not charge any fees for the external transfer of funds to your Forex account except for Credit/Debit Card deposits, and if used, a 2.5% charge is applied to cover a portion of the total charges made by the card processors involved in the transactions. For all other payment methods, we do not apply fees and we will credit your Forex account with the received net amount. You may be charged for transferring funds using an external method unrelated to PaxForex. Moreover, PaxForex recovers all fees for deposits of $300 or above.

  1. Free trading recommendations (signals)

Many traders prefer to use trading signals. Sometimes they help to make the right decision in opening/closing position. PaxForex publish trading recommendations as our experienced forex analysts prepare them. As long as traders follow our recommendations, they should be able to profit in a similar manner as we do. As practice shows, in 80% of cases our signals help to gain profit if traders follow it immediately after publishing. We send trading recommendations every day at our clients’ registration emails and post it at our site.

  1. Safety

PaxForex ensures safety, security and reliability at all times using advanced encryption technology to ensure privacy and security over the Internet. All personal information is completely confidential; we do not share your information with any third parties. We work with 7 best liquidity providers: Credit Suisse, Barclays, Deutsche Bank, Goldman Sachs, UBS, Merrill Lynch, and Morgan Stanley. The funds are held in segregated accounts, specially designated as “Clients Accounts”, with a number of investment-grade European Banks that are closely monitored. PAXFOREX has similar capital adequacy requirements to Banks and we are members of an Investor Compensation Program.

  1. Bonuses

From time to time PaxForex provide competitive Forex bonuses that can be used for trading and margin.

  1. Easy and fast funding

PaxForex offers easy and secure facilities to perform fast online deposits and withdrawals. We support multiple currencies and a wide range of deposit/withdrawal methods such as bank transfers, credit/debit cards, WebMoney, Perfect money, FasaPay, Skrill, CashU, Neteller and OkPay.

All transfers via electronic payment systems are automatic. Transferred funds become available for trading at once. Bank transfers are made within 24 hours from the moment of receipt of funds to the bank account of the Company.

  1. Personal account manager

Every client interested in trading with PaxForex who made deposit of 500$ and more gets personal manager. By request, he educates the client trading basics, strategies and platform, solves all the issues connected with client’s account.

  1. Expert Advisors, scalping, hedging are allowed

Every trader has own strategy and habits in forex trading. Some rely on experience, some prefer to use signals, and some operate already checked Expert Advisors. PaxForex gives possibility to use it. Also scalping and hedging are allowed.

  1. Wide variety of trading instruments

For trading PaxForex offers 25 currency pairs and spot metals – gold and silver. Such a set of financial instruments significantly expands trade opportunities, allows to create an optimal investment portfolio and better respond to changes of worlds economic.

  1. Wide variety of trading platforms

The main trading platform Metatrader 4 is complemented by mobile software for iPhone, iPod, iPad, Android, as well as PDAs and smartphones. You can trade from home, office or vacation place.

Even though we are not a company of a big size, we are big enough to always meet our customers’ demand on time, and small enough to provide unique products and services in the industry. Our knowledge and experience has provided us with the opportunity to create for you the fairest, most flexible and most stable environment for trading. Our philosophy is to create a strong bond between the company and customers, which allows us to keep a high level of service quality. Therefore, we have many customers all over the world who recommend us to their friends. Welcome to the company for successful people!

Conclusion

PaxForex is a good destination for new retail traders who enter the market because they offer all the standard features needed to be a successful trader. Their Forex trading course promotes understanding amongst new traders and gives them a strong fundamental foundation so they can create their own Forex trading strategy.

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PaxForex
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