PaxForex review PaxForex information and promotions

Company: Ltd
Founded in: 2010
Online since: 2011
Offices in: British Virgin Islands, Russian Federation, United Kingdom
Payment options: CashU, Credit/debit cards, Liberty Reserve, Moneybookers, OKPAY, Payza, Perfect Money, WebMoney, Wire transfer
Demo Platforms: MetaTrader 4
Account currencies: Euro, United States Dollar
Currency pairs: AUD/CAD  AUD/CHF  AUD/JPY
Regulated by:
US Traders welcome?:
Bonus? (detailed):
Website available in (languages): English
Support available in: English, Russian
Support methods: Call Back, Email, Live Chat, Phone, Skype
Account Types (micro standard executive islamic): Micro, Standard, VIP
Minimum account size: $10
Minimum position size: 0.01 lot
Spread type: Variable
Minimum spread on EUR/USD, pips: 3.0 Pip
Scalping: Allowed
Expert Advisors: Allowed
Trading instruments (GOLD; CFD, etc. and the leverage): Forex = 1:500
Number of currency pairs: MetaTrader 4
Digits after the dot: 5
Trading platforms: 25
Trading by telephone: Yes
Islamic accounts available: Yes
Bonus offers: Yes
Hedging: Yes
Overnight interest rates (swaps): Yes
Trailing stop: Yes
Free education: Yes
Mobile trading: Yes
Browser-based platform:

PaxForex-LogoPaxForex is an online brokerage company which was established in the year 2010 and became online only on 2011. PaxForex offers to its client trading in CFD, futures in trading, commodities along with Forex. They offer MetaTrader 4 as platform which is the most used and respected platform in the Forex industry. They provide demo platforms to its client which is free for unlimited times. The demo platform used is MetaTrader 4 and hence when the clients use it they get more skilled in using them. The account currency accepted is Euro and United States Dollar. They allow trading in 25 currency pairs. Their office is there in British Virgin Island, Russian Federation and United Kingdom. They have also got bonus offers for all the clients.
The customer support service provided by the company is of high quality and is available in English and Russian language. However, their website is available only in English and the support is available as callback, live chat, Email, phone and Skype. They provide three types of account which are micro, standard and VIP. The minimum amount required for opening an account is $10 and the minimum position size is 0.01 Lot. PaxForex also allows US citizens to trade in and thus is bonus for them. They also allow Islamic account for Muslim traders from Muslim countries. They also provide VIP accounts for its client in whom the minimum deposit is $10,000 and more. They have given lowest spread in Forex and also allow trading in CFDs in Forex trading, Gold, Silver direct access, Stock plus. They also allow access directly to their personal account manager through phone, chat and email. They also allow scalping to the traders and also allow the use of expert advisor. Mobile trading is also provided to the traders.
The review provided by various users on the internet is the best way to find about performance of the company. They have many happy traders who have been associated with them from a long time which shows their reliability. Many of them like the bonus feature of their. Though they have only 25 currency pairs to trade in but most of them are major one. It is very easy to enroll with them and the funds are very secure, transactions are very fast. They allow mobile trading which means that the traders can trade while they are still on move. Many traders like their VIP account which has many features to offer to their client. The customer support service is also of very high quality and very responsive. The few cons mentioned in the review are that their customer service is only available in English and Russian language. They are not regulated by any regulatory authority is a big concern for most of the traders. The payment options are many and are easy as well. There are no hassles as such in withdrawal but lack of PayPal as one of the payment options is mentioned in many reviews as disadvantage. The average rating given to the company by the reviewers is 5.7 out of 10.» Sign up now