PaxForex

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

The main goal of the broker is to enable traders to receive as much information as possible to be able to trade and take maximum advantage of any operation. For this reason, PaxForex provides its clients access to information, data, and the most influential news from major international agencies. In addition, a team of analysts composed of industry professionals regularly publishes essential information on both technical and fundamental analysis, as well as economic news that could affect 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 terms of preparation, experience, and risk propensity.

• For beginners: excellent section dedicated to free learning, Personal manager always available, 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 best 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 high-level tools and functions, allows traders of any level to trade by maximizing any opportunity.

Nearly instant order execution.

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

Spreads reduced to a minimum.

An efficient electronic engine for price determination updates the prices of currency pairs no less than three times per second and this guarantees real prices at any moment.

High leverage

Leverage is fundamentally a loan that the broker offers to the client to be able 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 offers constant support to traders from over 50 countries every single day.

Fast and secure deposits and withdrawals.

A team charged with precisely managing accounting, works incessantly to ensure the client a deposit and withdrawal service that is efficient, fast, and risk-free. 90% of deposits are made within and no later 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 deposits made. all deposit costs will be carried out through a card processor or electronic payment systems. The broker zeros all deposit fees for operations of $ 300 or more (except for operations via bank transfer).

Visit the official PaxForex website

Deposits and Withdrawals

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

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

Deposit

In addition to security, execution speed, 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 be able to trade.

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

With access to the myPaxForex portal, each trader will be able to manage operations carried out in complete safety and with extreme speed. Moreover, 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 with the addition of new innovative and secure payment methods

To make a deposit the trader will have to:

1. Access the myPaxForex portal. Reserved only for clients who own a rigorously 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?

Every 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 paid?

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

How to deposit funds into your account?

To be able to credit funds to the account, the trader can choose the payment method best suited to their needs. In case the trader needs support in choosing which method to use, they can contact the support team by 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 service, reliable and with the highest standards of security. Advanced encryption technologies for maximum privacy protection on the Internet. Any communication will be encrypted with SSL (Secure Socket Layer) technology. Encoded passwords make the account impregnable. The only one to know the account password will be the trader and no one else will be able to discover it. All sensitive customer 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-tier European banks constantly monitored. The broker will in no case be able to access the accounts and use the traders’ funds for ulterior purposes. Furthermore, PaxForex has 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 possible to carry out 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 identity of the beneficiary at any time and without notice.
• Any withdrawals of part of the deposited funds do not necessitate the closing 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), from Monday to Friday.
• Withdrawal fees: the broker will not charge any fee for withdrawals made.

Frequently Asked Questions

What is the minimum withdrawal amount?

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

Are there any fees to be paid?

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 commission. It is important to clarify that if the trader opts for a payment method not supported by the broker, the transfer may involve a cost not due to PaxForex.

How to make a withdrawal? Is it simple?

To proceed with a withdrawal request, the trader must access their myPaxForex and select the withdrawal method most suitable 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 at any time. Fully encrypted operations will guarantee the client high standards of security for operations, privacy, and their security password. Encrypted communications with SSL (Secure Socket Layer) technology and completely confidential personal information.

Invest with PaxForex and withdraw profits

PaxForex Account

In addition to being able to access the markets directly, the broker offers clients the opportunity to choose the account most suitable 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. Every client, regardless of the level of experience or need, will be able to select an account fully compatible with their modus operandi, making the most of their abilities.

In short, an extremely flexible list, offering 5 different types of account for trading. 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 on their account.

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

The available accounts are as follows:

Mini Forex Account

An account created mainly for traders with a low risk appetite 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 features, the Mini account is also an excellent option for experts intending to test the offered environment before opening accounts that allow investing larger volumes with suitable conditions.

Standard Account.

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

VIP Account.

Designed for professional traders with high investment volumes who need specific conditions and tools, the VIP account offers high-performance trading and cutting-edge tools, allowing the creation of detailed strategies. Minimum deposit of $10,000, spreads reduced to a minimum, and constant support.

Cent Account

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

Islamic Account.

A type of account exclusively reserved for Islamic traders who do not have the possibility 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 activities and the amount of lots (not on the interest rate).

Following, a detailed comparative table, containing in detail all the characteristics of each individual account:

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How to Open a PaxForex Account

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

To register, simply execute the following simple steps:

First Step

Visit the official website and click on the “Open a trading account” icon, visible at the top right of the page. In the new screen, fill out the form by entering: first name, last name, email address, trading platform to be used, country of residence, telephone number, city, and complete address. Read carefully and accept terms and conditions, click on “Next”.

Second Step

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 have to select the type of account to trade with (based on the platform). Set maximum leverage, account currency, and type of account (standard, vip, cent or mini)

Last Step

To definitively activate the account, the trader will have to verify their identity and country of origin. To do so, they will have to send a clear front and back photo of an identification document and a photo of a recent bill (electricity, gas, internet, etc.). If suitable, the trader will be able to make a deposit and begin trading.