PaxForex

  • Name:PaxForex
  • Website:http://www.paxforex.com/
  • Location:British Virgin Islands Russian Federation United Kingdom
  • Found in:2010
  • Regulation Authority:
Editorial Rating:
3.32
Accept US Traders:
No

PaxForex.com

Formed by a group of experienced Forex traders and financial investors back in 2010, PaxForex became an online entity and 2011 and since then it has developed into a multi-lingual broker fluent in Thai, Chinese, Russian and English.

Coupled with this international façade is a company that holds physical offices in Russia, the UK and the British Virgin Islands, with each holding the necessary regulatory documents to make it safe and secure for traders. Indeed, such is PaxForex.com’s reputation, that it’s able to achieve deep levels of liquidity and pass this on to customers in the form of tight spreads and zero commission transactions.

Regardless of whether a member is a top-end trader or a novice, PaxForex has a range of contact points, including: phone, email, live chat and Skype. On top of this, users with $10,000 or more in their account can benefit from an added layer of service in the form of a personal account manager who is on hand to help with technical and strategic queries.

PaxForex.com’s Special FX:

Coupled with a zero commission policy on deposits of $100 or greater is a bonus offer that pays up to $15,000. Starting at a reward rate of 25%, new traders can earn up to 100% on their initial deposit based the amount their load their account with.

Deposit                                Bonus                                   Percentage

$100 - $299                  $25 - $75                          25%

$300 - $999                    $300                           Up to 100%

$1 000 - $1 499               $350                           Up to 35%

$1,500+                    $375 -$15 000                      25%

 

For those that wish to sample the delights of the foreign exchange world without depositing their own money, a free cash offer is also available at PaxForex. While some sites will simply give users the ability to hone their skills with virtual money, PaxForex has gone a step further to offer $7 free of charge.

Given to anyone who creates a micro account, the free capital can be used in conjunction with a leverage ratio of 1:500 on more than 25 currency pairs. Indeed, for those wishing to experience the real thrills of the FX market this is an opportunity that’s almost too good to pass up on.

The Essentials:

MetaTrader 4 provides the technological backbone for PaxForex.com’s three trading platforms. Designed to offer unparalleled access to the market along with in-chart trading, customisable orders and mobile capabilities, MetaTrader 4 sits works in tandem with the following options:

Micro Account:
Minimum account size = $10
Maximum account size = $300
Minimum position size = 0.01 lot
Variable spreads typically from 3.8 pips with a minimum of 3 pips on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 10%
Stop-out level = 5%
Minimum distance to stop/limit orders = 5 pips
Number of currency pairs available = 25

Standard Account:
Minimum account size = $300
Maximum account size = $10,000
Minimum position size = 0.1 lot
Variable spreads typically from 1.8 pips with a minimum of 1 pip on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 10%
Stop-out level = 5%
Minimum distance to stop/limit orders = 5 pips
Number of currency pairs available = 27

VIP Account:
Minimum account size = $10,000
Minimum position size = 0.1 lot
Variable spreads typically from 1.8 pips with a minimum of 1 pip on major currency pairs.
Scalping and Expert Advisors are allowed.
Leverage = 1:500
Digits quoted after the comma = 5
Margin call level = 10%
Stop-out level = 5%
Minimum distance to stop/limit orders = 5 pips
Number of currency pairs available = 27

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