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Broker Reviews

PaxForex

Tradomatix TrustScore™:

2.36

(50 Reviews)
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5-star

32.00%

4-star

10.00%

3-star

4.00%

2-star

0.00%

1-star

54.00%
Replied to 50.00% of reviews
Typically replies within 852.00 hours

About PaxForex

PaxForex is an online forex and CFD broker established in 2010. The firm offers trading via MetaTrader 4 and cTrader, covering a multi-asset lineup that includes forex pairs, stocks, indices, spot metals, and cryptocurrencies. Account options include Cent, Mini, Standard, and VIP tiers, with minimum deposits ranging from $10 to $10,000. The broker offers leverage up to 1:500 and spreads starting from 0.4 pips. Traders also have access to educational resources, VPS services, and promotional offers designed to support ongoing use of the platform and its features.

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Regulation & Security

PaxForex has no regulation. Clients trade without authorization or oversight from a financial supervisory authority.

Account and Setup

PaxForex provides Cent, Mini, Standard, and VIP accounts, with minimum deposits from $10 to $10,000. The broker does not offer demo or swap-free options. Hedging and scalping are not permitted. Trading is available through MetaTrader 4 and cTrader, allowing users to select a platform that aligns with their workflow and preferred tools.

Funding Options

Details on deposit and withdrawal methods, processing times, and any applicable charges are provided on the broker’s official website.

Bot & API Compatibility

PaxForex supports automated trading on MetaTrader 4, enabling the use of expert advisors (EAs) for strategy execution and testing. The broker does not provide an API for programmatic trading or custom integrations. VPS services are available, which can help maintain stable connectivity and reduce downtime for algorithmic setups running MT4 EAs.

Trading Conditions& Restrictions

Leverage is available up to 1:500, and spreads start from 0.4 pips. The broker offers forex, stocks, indices, spot metals, and cryptocurrencies, with coverage of 4 currency pairs. Hedging and scalping are not allowed, and OCO orders are not supported. These parameters may influence position sizing, risk controls, and order management for both discretionary and automated strategies.

Regulation & Security

PaxForex has no regulation. Clients trade without authorization or oversight from a financial supervisory authority.

Account and Setup

PaxForex provides Cent, Mini, Standard, and VIP accounts, with minimum deposits from $10 to $10,000. The broker does not offer demo or swap-free options. Hedging and scalping are not permitted. Trading is available through MetaTrader 4 and cTrader, allowing users to select a platform that aligns with their workflow and preferred tools.

Funding Options

Details on deposit and withdrawal methods, processing times, and any applicable charges are provided on the broker’s official website.

Bot & API Compatibility

PaxForex supports automated trading on MetaTrader 4, enabling the use of expert advisors (EAs) for strategy execution and testing. The broker does not provide an API for programmatic trading or custom integrations. VPS services are available, which can help maintain stable connectivity and reduce downtime for algorithmic setups running MT4 EAs.

Trading Conditions& Restrictions

Leverage is available up to 1:500, and spreads start from 0.4 pips. The broker offers forex, stocks, indices, spot metals, and cryptocurrencies, with coverage of 4 currency pairs. Hedging and scalping are not allowed, and OCO orders are not supported. These parameters may influence position sizing, risk controls, and order management for both discretionary and automated strategies.

PaxForex Reviews

( 50 )

PaxForex Reviews

( 50 )
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USD 30,000/mo

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