PaxForex reviews

PaxForex_logo PaxForex 6/10 (votes 5062)

On-line since: 2010
Country of origin: Saint Vincent and the Grenadines
Regulation: CRFIN, KROUFR
Payment options: WebMoney, Visa и MasterCard, Skrill, Neteller, CashU, OKPAY, Perfect Money
Minimum account size: $10
Minimum lot size: 0.01 lot
Leverage: 1:500
Spreads: from 0.3 pips

Brokerage company PaxForex was created by a group of traders and investors in 2010.

The fact that company’s founders have a wide trading experience in forex, stock, options and CFDs markets is among the advantages.

PaxForex claims to be a high quality provider of financial services on the global markets. Moreover, it promotes unique brands.

Company’s clients get the most flexible trading conditions. Besides, PaxForex ensures around-the-clock technical support, five days a week. At the same time it provides its clients with an access to the major financial instruments, commission-free fund transfers, minimal spreads, variable leverage, personal manager, and free education.

The company offers various programs for both novices and experienced traders. Moreover, PaxForex offers its partners two forms of cooperation, CPA and share revenue. Thus, partners may receive an increased partner's commission per trade, up to 3.2 pips on Mini accounts and up to 80% from spread for each complete transaction carried out. On average, using CPA partnership, affiliate program participants may get up to $660.

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Comments about broker

Lessy trader
review PaxForex
13-07-22

I used my Master Card to fund my trading account at PaxForex. The process was fast whenever I deposit money, but now that I am trying to withdraw my profits, the process is taking too long. I have been waiting for a week now but the money is still not being transferred. The broker just keeps on telling me to wait for it, so I guess I have no choice but just to wait. My withdrawal with another broker is never late or delayed like here.

George trader
review PaxForex
01-10-21

I tried to trade currency pairs EUR/USD, USD/CAD, GBP/USD AND USD/CHF. But I ended up closing my account because, due to the lack of support, I think they are not recommended to beginners. The support team is very rude and they didn't help me with that issue. I closed the account. I am very disappointed with Pax Forex. The spreads on real account are higher than those on demo one. Their stop loss never work during news time. I lost $753 just in a single trade. I can't believe that any successful trader would keep trading with this broker. My advice is to stay away.

Makiyo trader
review PaxForex
16-08-21

Despite what is displayed on the website of PaxForex, their services are not that impressive. I traded with them for five months and I only had a terrible experience. The spread widens, the platform malfunction, and the customer support does not respond quickly.

Clarrids trader
review PaxForex
11-01-21

This broker very stingy. And they also did not provide supporting information about forex trader, so the traders feel very distress and regret. I don't recommend this broker to trade in currency market. Trading platform is very slow and unstable, the execution very very slow and it is very difficult to trades with this broker. You'll be disappointed when you want to place an order with good price. Intentionally delaying your orders to execute. I am going to sue to get my money be careful.

Tanaya trader
review PaxForex
27-11-20

I started trading with PaxForex last year. I have made some great progress now and I actually have requested for the withdrawal of my profits already. I never had any issue while trading with them but right now, they are taking too long in releasing my fund. It was supposed to be completed in just a few days but a week has already passed. The company keep updating me but I still hope that they improve on this matter.

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