PaxForex Review 2021

PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.

PaxForex is broker that offers traders Forex, stocks, indices, metals, cryptocurrencies. PaxForex allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

PaxForex also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and XRP.

PaxForex is regulated, but not by the FCA here in the UK. While this is not necessarily an issue, very careful traders might want the extra safety of using an FCA-regulated broker.

PaxForex Summary

PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.

Ratings

30%
Trust
83%
Instruments
85%
Features
BonusNone
InstrumentsForex, stocks, indices, metals, cryptocurrencies
Demo Account
Min. Deposit$10
Min. Trade0.0001 lots
Regulated ByFSA
MetaTrader 4
MetaTrader 5
cTrader
DMA Account
ECN Account
Mobile Apps
Auto Trading Yes (EAs)
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade across markets with leveraged CFDs.

Leverage1:500
FTSE Spread9
GBPUSD Spread0.5
Oil SpreadN/A
Stocks SpreadVariable

Forex Trading

Trade FX with tight spreads & 1:500 leverage.

GBPUSD Spread0.5
EURUSD Spread0.4
EURGBP Spread1.5
Assets60

Cryptocurrency Trading

Trade popular cryptos against the US Dollar.

SpreadFrom 3 pips
CoinsBTC, ETH, LTC, XRP

Binary Options Trading

Payout Percent

Payment Methods

PaxForex accepts the following payment methods:

  • Neteller
  • Skrill
  • Webmoney
  • Visa
  • UnionPay
  • QIWI
  • Wire Transfer
  • FasaPay
  • Perfect Money
  • Cashu
Risk Warning – Your capital is at risk

FAQ

Is PaxForex Safe?

In our review we gave PaxForex a low trust score of 30%, which means that traders should try things out before they deposit any larger amounts. One of the main negative factors in this low score is that PaxForex is not FCA regulated. Extra careful traders might want to find an alternative in our top list of UK brokers.

Does PaxForex Accept PayPal?

No, PaxForex does not accept PayPal payments.

Is PaxForex Halal?

Yes, PaxForex does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does PaxForex support?

PaxForex only supports the MetaTrader 4 trading platform at this time.

Is PaxForex Regulated?

Yes, PaxForex is regulated by FSA.

The fact that PaxForex is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for safer options.

PaxForex vs Other Brokers

If you want to compare PaxForex with other brokers, use the detailed comparisons below.

PaxForex vs
PaxForex is an offshore broker offering $10 minimum deposits & MT4 trading.