?> PaxForex Reliable? Experiences & Reviews [2021] | - BK Media Blog

PaxForex Reliable? Experiences & Reviews [2021] |

In this review of PaxForex we will focus on what this broker has to offer its investors. PaxForex has been active in the financial markets since 1995. The broker uses the investment platform. At PaxForex the minimum deposit is 100 USD.

Between 74% and 89% of retail investors lose money trading CFDs. It is important to understand how CFDs work and to consider whether you can afford the high risk of losing.

Basic information of this review from PaxForex

Website address: paxforex.com
Carried out by: Laino Group Limited
Licensed and Authorized by:
Supported languages: English and Portuguese
Customer service available through: E-mail
Contact details: [emailΒ protected] +44 203 504 0387
Available methods of depositing money: VISA, MasterCard, Bitcoin, Ether / Ethereum, FasaPay, Local Wire transfers, Neteller, PerfectMoney, Qiwi, Skrill, WebMoney
Available methods to withdraw money: MasterCard, Bitcoin, FasaPay, Local Wire transfers, Neteller, PerfectMoney, Qiwi, Skrill, WebMoney
Minimum Deposit: 100 USD
Minimum size of lot trade: 0.0001
Spreads: Typical spread on the EUR / USD currency pair – 1.8 pips * for a standard account
Tradable investment products:

Could be a CFD.

Forex (60), Cryptocurrency (4)
Mobile app: Yes
MetaTrader 4: Yes
Other investment platform:
Social investing: No

PaxForex rates (typical spreads)

We’ve gone through the fees (typical spreads) that PaxForex charges for investing in popular currency pairs. They are shown here in pips.

EUR / GBP EUR / USD USD / CHF EUR / JPY GBP / USD USD / JPY
* 1.8 * * * 1.9 * 2.0 *

* Typical spreads were quoted on 01/17/2020 at 9:19 PM for a standard account. PaxForex spreads in the table above are for illustrative purposes only as they may change depending on market conditions, for example.

 

Frequently Asked Questions

🧐 Is PaxForex a scam?

Our research shows that PaxForex is licensed and regulated by the SVGFSA. While it is good that the broker is regulated, it should be noted that the SVGFSA is one of the weaker regulatory authorities when it comes to investor protection compared to the most highly regarded regulatory bodies such as the UK FCA. Read our investor reviews to make sure PaxForex is not a scam and visit other investment related websites and forums for more information.

πŸ†“ What is the minimum investment at PaxForex?

πŸ“΅ What methods of depositing and withdrawing money are supported by PaxForex?

At PaxForex it is possible to transfer money via VISA, MasterCard, Bitcoin, Ether / Ethereum, FasaPay, Local Wire transfers, Neteller, PerfectMoney, Qiwi, Skrill, WebMoney.

βš–οΈ Would you advise me to choose PaxForex?

We have no personal experience with PaxForex. However, our research shows that the broker is only regulated by the SVGFSA, which does not provide as good protection for investors as that provided by the most highly regarded regulatory bodies (such as the UK FCA). Considering the fact that there are hundreds of brokers that are more tightly regulated and also very likely offer better investment conditions, it is not very obvious to invest with PaxForex.

If you are looking for a highly reliable broker offering Forex and CFD trading, you can choose our broker IQ Option – 85% of retail investors lose money with CFDs, a CySEC regulated company offering investing from as little as $ 10 and charges very competitive rates for all investment products.

To start investing with PaxForex you need to deposit at least 100 USD.

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We have no personal experience with PaxForex. However, our research shows that the broker is only regulated by the SVGFSA, which would not provide good investor protection like those of the highest ranked regulatory bodies (such as the UK FCA). Considering that there are hundreds of brokers that are more tightly regulated and moreover very likely to offer better investment conditions, it is not very obvious to invest with PaxForex.

If you are looking for a very reliable broker offering Forex investing and CFDu2019s, you can opt for our broker IQ Option - 85% of retail investors lose money with CFDs, a CySEC regulated company offering investing from as little as $ 10 and charges very competitive rates for all investment products.

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