PaxForex Broker Review

Author By Jeffrey Cammack
Updated: June 10, 2020
Overall Rating
3.28 3.28 / 5
🏦  Min. DepositUSD 10
🛡️  Regulated By
💵  Trading Cost 
USD 8
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 
AlertMost retail CFD accounts lose money. Your capital is at risk.
Last updated on June 10, 2020
by Editorial Director Jeffrey Cammack
Jeffrey Cammack

75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. Please read our advertising disclosure. By using this website you agree to our Terms of Service.

Our verdict on PaxForex

🏦  Min. DepositUSD 10
🛡️  Regulated By
💵  Trading Cost 
USD 8
⚖️  Max. Leverage500:1
💹  Copy Trading
🖥️  Platforms
💱  Instruments 

Overall Summary

Regulation
100001/ 5
Trading Conditions
11110.54.5/ 5
Trading Platforms
111104/ 5
Deposit & Withdrawal
11110.54.5/ 5
Education & Research
110002/ 5
Assets Available
111104/ 5
Customer Service
1110.503.5/ 5
Beginner Friendly
Standard
Welcome Bonus

Account Information

Base Currencies
USD, EUR, GBP
Number of FX Pairs
58
Crypto Pairs
0
Copy Trading
Hedging Allowed
Scalping Allowed
Islamic Account

Trading Conditions

Account Name
Trading Desk
Commission
Fees Included in Spread
EUR/USD
0.80 pips
GBP/USD
0.90 pips
USD/JPY
1.00 pips
Negative Balance Protection

Company Details

Company Name
Laino Group Limited
Founded
2011
Website
Website Language
English
Support Language
English
Office Locations
Saint Vincent

Pros

  • Low minimum deposit
  • Good range of accounts

Cons

  • MT4 only
  • No swap-free account option
AlertMost retail CFD accounts lose money. Your capital is at risk.
Find An Approved Broker
Overall Rating
3.28 3.28  / 5
Site Icon Data provided by FX Australia

PaxForex Financial Regulation

Regulator License
Regulator License

PaxForex Trading Cost Comparison

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