PaxForex

Appreciated by traders for its excellent service, primarily characterized by high security standards and complete transparency, PaxForex provides traders access to an environment meticulously structured to meet any trading need. A fair and advantageous environment that offers both beginner and expert traders the best conditions to trade at their best, with flexible conditions, cutting-edge tools, and the best technologies available on the market.

The broker’s main goal is to enable traders to receive as much information as possible to trade and maximize the benefits from any operation. Therefore, PaxForex provides clients access to information, data, and the most influential news from leading international agencies. Additionally, a team of industry professionals regularly publishes essential information on both technical and fundamental analysis, as well as economic news that could impact the markets.

In short, a broker that cares about the quality of its clients’ operations, aware that excellent performance leads to excellent results.

Despite the service being fair, allowing traders of any level free access to any tool or function, the broker knows how diverse its clients’ needs can be. Each trader differs in preparation level, experience, and risk propensity.

• For beginners: excellent totally free learning section, always available personal manager, the possibility to trade with contained risks.
• For experts: trading conditions suitable for high-performance trading, high leverage, powerful and reliable trading platform.

Efficient platform.

To enable traders to interact optimally in global markets, the broker offers one of the best platforms in the world: MT4. A technologically advanced software, which, thanks to an extremely intuitive interface and a wide range of top-level tools and functions, allows traders of any level to trade by maximizing any opportunity.

Near-instant order execution.

Being able to execute one’s operations quickly is key to maximizing the benefits from any operation. Interacting on the markets quickly allows traders to react in time to sudden price fluctuations and remedy any errors without losing too many funds. The broker’s infrastructures are located in some of the world’s best data centers: London (Equinix LD4) and New York (Equinix NY4). This guarantees maximum efficiency and categorically excludes slowdowns caused by failures or Internet congestion.

Spreads reduced to a minimum.

An efficient electronic engine for pricing updates the prices of currency pairs no less than three times a second, ensuring real prices at any time.

High leverage

Leverage is essentially a loan that the broker offers to the client to significantly increase the volume of their operations and potential profits.

Multilingual support

A team of industry professionals always available for any eventuality. The multilingual PaxForex team provides constant support to traders from over 50 countries every single day.

Fast and secure deposits and withdrawals.

A team tasked with precisely managing accounting works tirelessly to ensure the client a deposit and withdrawal service that is efficient, fast, and risk-free. 90% of deposits are made within no more than 7 minutes, while 75% of withdrawals are credited in less than 30 minutes to clients’ accounts.

No commission on deposits

The broker does not charge any commission on made deposits. all deposit costs will be made through a card processor or electronic payment systems. The broker zeroes all deposit fees for transactions of $300 or more (except for transactions via bank transfer).

Visit the official PaxForex website

Deposits and Withdrawals

As already illustrated, the section dealing with deposit and withdrawal transactions is carefully structured to provide impeccable service from every perspective. Every trader will be able to perform any operation with speed and the highest standards of security. Furthermore, the broker imposes maximum transparency, which allows the client to view and manage their operations at any time and place.

Hereinafter, it will be possible to learn in detail the characteristics of the services.

Deposit

In addition to security, speed of execution, and convenience, the broker offers traders a wide range of payment methods to make a deposit. The trader can choose the most suitable for their needs and deposit the funds necessary to trade.

• All deposits made via electronic payment systems are entirely automatic. In practice, the transferred funds will be immediately available for trading.
• Operations through bank transfer will be made within 24 hours from the receipt of funds in the Company’s bank account. Although transfers require 24 hours to credit funds to one’s account, some banks may take from 3 to 5 business days.
• Deposit time: instant execution will be performed from 9:00 to 00:00 server time (GMT+3) every business day.
• Deposit fees: PaxForex does not charge any deposit fee for transactions starting from $300. (except for transactions via bank transfer).

With access to the myPaxForex portal, every trader can manage the operations performed with total security and extreme speed. Additionally, the broker supports operations in all major currencies.

Despite the service already being extremely valid, the broker commits numerous resources with the goal of further improving it by adding new innovative and secure payment methods.

To make a deposit, the trader will need to:

1. Access the myPaxForex portal. Reserved only for clients holding a strictly verified real account.
2. Access the “Deposit/Withdrawal” page.
3. Follow the simple instructions and fill out the forex deposit form.

Frequently Asked Questions

What is the minimum amount to make a deposit?

Any trader can activate a PaxForex account by making a minimum deposit of only $10 or the equivalent amount in the base currency set on the account.

Are there any fees to be borne?

The trader will not be required to pay any commission for deposits over $300.

How to deposit funds into your account?

To credit funds to the account, the trader can choose the most suitable payment method for their needs. If the trader needs support in choosing which method to use, they can contact the support team via email, phone, or live chat. Available 24 hours a day, 5 days a week.

Are deposit operations secure?

The broker guarantees the client a protected, reliable service with the highest standards of security. Advanced encryption technologies for maximum privacy on the Internet. Any communication will be encrypted with SSL (Secure Socket Layer) technology. Encoded passwords make the account impenetrable. Only the trader will know the account password, and no one else will be able to discover it. All the client’s sensitive information is completely confidential; the broker will not share such information with anyone.

Are the client’s funds safe?

All funds will be held in segregated accounts at top-level European banks constantly monitored. The broker will not be able to access the accounts and use the trader’s funds for secondary purposes. Moreover, PaxForex presents capital adequacy requirements very similar to those of banks.

Open a PaxForex account and make a deposit

Withdrawals

As with deposits, withdrawals are processed with extreme security and efficiency.

• Any withdrawal request will be processed every day from 9:00 to 18:00 server time (GMT+2).
• During weekends and any public holidays, it will not be allowed to perform any such operation (if the trader makes a withdrawal request, it will be transferred to the next business day).
• Withdrawals can only be requested by the account holder. It is strictly forbidden to transfer funds to third parties. Moreover, the broker reserves the right to verify the beneficiary’s identity at any time and without notice.
• Any withdrawals of part of the deposited funds do not require the closure of open positions. However, the amount withdrawn must not exceed the free margin.
• Withdrawal times: operations will be executed instantly between 9:00 and 18:00 (GMT+2), Monday to Friday.
• Withdrawal fees: the broker will not charge any commission for withdrawals made.

Frequently Asked Questions

What is the minimum withdrawal amount?

Each client can withdraw a minimum of $10 USD or the equivalent in another currency.

Are there any fees to be borne?

The broker will not charge any withdrawal fee, except for deposits made via credit/debit, for which a fee of 5.5% (min $10 USD) will be applied. For the remaining available methods, the trader will not be required to pay any fee. It is important to clarify that if the trader opts for a payment method not supported by the broker, the transfer may incur a cost not due to PaxForex.

How to make a withdrawal? Is it simple?

To proceed with a withdrawal request, the trader will need to access their myPaxForex and select the most suitable withdrawal method for their needs. As for deposits, should the trader be undecided in choosing the method to use, they can contact the support team for advice 24 hours a day, 5 days a week via email, phone, or live chat.

Are withdrawal operations secure?

Maximum security, transparency on any operation, and at any time. Fully encrypted operations will guarantee the client high standards of security for operations, privacy, and their security password. Communications encrypted with SSL (Secure Socket Layer) technology and personal information kept completely confidential.

Invest with PaxForex and earn profits to withdraw

PaxForex Account

In addition to direct access to the markets, the broker offers clients the ability to choose the most suitable account for their needs to trade at their best. The list of accounts available with the broker has been carefully structured to be compatible with any category of trader. Each client, regardless of their level of experience or need, will be able to select an account that is completely compatible with their modus operandi, maximizing their capabilities.

In short, an extremely flexible list that offers 5 different types of trading accounts. Regardless of the selected account, every trader will have the opportunity to access the MetaTrader4 platform, which includes unlimited charts and technical indicators, automated trading, mobile trading software, and free access to detailed information about their account.

In addition to the extremely high efficiency of the tools and software available, each trader can obtain full support from account managers at any time via email, phone, and chat services.

The available accounts are as follows:

Mini Forex Account

Account created mainly for traders with a low risk propensity who intend to start investing without having to worry about significant losses. A minimum deposit of only $100, extremely advantageous spreads, and zero commissions will allow the client to create accurate strategies with excellent risk management. Although it is usually chosen by beginners for its characteristics, the Mini account is also an excellent option for experts intending to test the offered environment before opening accounts that allow investing higher volumes with suitable conditions.

Standard Account.

An account that offers a classic approach to trading, the Standard account is ideal for experts and professionals with adequate knowledge in the field. A minimum deposit of $2000, minimized spreads, and high leverage make the Standard account a great idea for investing in Forex, Gold, Silver.

VIP Account.

Created for professional traders with high investment volumes who require specific conditions and tools, the VIP account offers high-performance trading and cutting-edge tools to allow the creation of detailed strategies. Minimum deposit of $10,000, minimized spreads, and constant support.

Cent Account

Account created exclusively for novice traders, the Cent account offers low-cost and low-risk trading. By opening a Cent account, the trader can engage in negotiations even with small amounts, testing their strategies without risking too many funds. Minimum deposit of only $10, the possibility to trade in micro-lots, zero commissions, and advantageous spreads starting from 2.4 pips.

Islamic Account.

An account type exclusively reserved for Islamic traders who are unable to pay or earn interest (having to respect their faith), the account offers swap-free trading. Regular financing commissions will be applied to the account, calculated on the traded assets and the amount of lots (not on the interest rate).

Hereinafter, a detailed comparative table, containing in detail all the features of each individual account:

Open a real PaxForex account

How to Open a PaxForex Account

Despite adhering to rigorous security standards and being very detailed, the registration procedure to open a new account with the broker is simple and quick. The interested trader will be able to provide the required information, choose the most suitable account for their needs, and start trading in a short time. To activate the account definitively, it will be necessary to verify one’s identity and country of origin.

To register, simply follow the next simple steps:

First stage.

Visit the official website and click on the “Open a trading account” icon, visible in the upper right corner of the page. In the new screen, fill out the form by entering: name, surname, email address, trading platform to use, country of residence, phone number, city, and complete address. Read the terms and conditions carefully and click on “Next”.

Second stage.

The broker will send a verification email to the address previously entered during registration. Open the email and click on the link. Now the trader will need to select the type of account to trade with (based on the platform). Set maximum leverage, account currency, and account type (standard, vip, cent or mini)

Final stage.

To definitively activate the account, the trader will need to verify their identity and country of origin. To do this, they will need to send a clear front and back photo of an identification document and a photo of a recent bill (light, gas, internet, etc.). If suitable, the trader can make a deposit and start trading.