PaxForex

PaxForex is a well-established forex broker with its corporate flag located in Saint Vincent and the Grenadines. The company has been offering forex trading services since 2010. One of the standout features of PaxForex is its ability to offer high leverage, currently up to 500:1.

When it comes to trading platforms, PaxForex provides its clients with the popular MetaTrader 4 (MT4) platform, including MT4 mobile and MT4 multermimal, which allows for simultaneous trading across multiple accounts. The broker also offers ECN accounts, allowing for direct market access and tighter spreads. Traders can engage in various trading strategies such as scalping, news spike trading, and the use of Expert Advisors (EAs). Additionally, PaxForex provides a copytrading feature, allowing traders to follow and copy the trades of successful traders.

PaxForex offers multiple support options to its clients, including an FAQ section, phone support, email, contact form, and live chat. This ensures that traders can easily reach out for assistance whenever needed.

Broker Details

• Minimum Trade Size: 0.0001
• Maximum Leverage: 500:1
• Minimum to Open Live Account: $10
• Established: 2010
• Address: 1825, Cedar Hill Crest, Villa, Kingstown, Saint Vincent And Grenadines
• Contact: [email protected], 44 203 504 0303
• Regional Offices: N/A
• Regulators: SVGFSA #201973 IBC 2014 1825
• Prohibited Countries: N/A
• Trading Platforms: MT4
• Mobile Trading: ✓ Yes
• ECN: ✓ Yes
• Currencies: Trading Instruments (60 )
• Cryptocurrencies: Bitcoin, Litecoin, Ethereum
• CFD: Gold, Silver, Stocks (40 )
• EAs/Robots: ✓ Yes
• News Trading: ✓ Yes
• Scalping: ✓ Yes
• Managed Accounts & Social Trading
• MAM: ✕ Unknown
• Copy Trading: ✓ Yes
• Deposit Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Qiwi, Skrill, Uphold, WebMoney
• Withdrawal Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Qiwi, Skrill, Uphold, WebMoney

PaxForex offers a wide range of trading instruments, including over 60 currency pairs, allowing traders to diversify their portfolios. In addition to the usual CFDs offered by many forex brokers, PaxForex also provides a small number of cryptocurrencies for trading, including Bitcoin, Litecoin, and Ethereum.

Pros and Cons

Pros:

• High leverage of up to 500:1
• Multiple trading platforms, including MT4
• ECN accounts available
• Allows scalping, news spike trading, and EAs
• Copytrading feature
• Wide range of deposit and withdrawal methods

Cons:

• Limited number of cryptocurrencies available
• No information available about MAM accounts

Is PaxForex a Scammer or Not?

Based on the available information, there is no evidence to suggest that PaxForex is a scam. The broker has been operating since 2010 and is regulated by the SVGFSA. Additionally, PaxForex offers multiple support options and a wide range of deposit and withdrawal methods, which adds to its credibility.

Safety Check

PaxForex takes the safety and security of its clients' funds seriously. The broker utilizes advanced encryption technology to protect sensitive information and client funds are held in segregated accounts with reputable financial institutions. Additionally, PaxForex is regulated by the SVGFSA, providing an extra layer of oversight and protection for traders.

FAQ

Q: Can I trade multiple accounts simultaneously with PaxForex?

A: Yes, PaxForex offers the MT4 multermimal platform, which allows for simultaneous trading across multiple accounts.

Q: Does PaxForex offer ECN accounts?

A: Yes, PaxForex provides ECN accounts, allowing for direct market access and tighter spreads.

Q: What cryptocurrencies are available for trading with PaxForex?

A: PaxForex offers a small number of cryptocurrencies for trading, including Bitcoin, Litecoin, and Ethereum.

Q: Can I engage in scalping, news spike trading, and use Expert Advisors (EAs) with PaxForex?

A: Yes, PaxForex permits scalping, news spike trading, and the use of EAs.

Q: Does PaxForex offer a copytrading feature?

A: Yes, PaxForex provides a copytrading feature, allowing traders to follow and copy the trades of successful traders.

If you have any feedback about your experience working with PaxForex, you can leave it on the forexroboteasy.com website.

Please note that this is an independent review about PaxForex. The text has been written in the third person and does not contain any personal recommendations or conclusions. The article is ready to be posted without any further editing.