About the Mini Account of Cryptocurrencies, Forex, Precious Metals (MetaTrader 4/No Dealing Desk (NDD)) offered by PaxForex.
Type and Conditions
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General Trading Conditions
By opening an Mini Account with PaxForex, you can trade Cryptocurrencies, Forex, Precious Metals through MetaTrader 4 trading platform.
Mainly PaxForex Mini account offers No Dealing Desk (NDD) execution model, the maximum leverage is 1:500, spread is Floating from 1.4 pips.
Available Base Currencies
The account bsse currency is only available in EUR (Euro), GBP (British Pound), USD (US Dollar).
Negative Balance Protection
PaxForex adopts NBP(Negative Balance Protection), this means that you will not lose more than you deposit in your Forex & CFDs investment.
Margin call & Stop out
In the Mini Account, Margin call is 10% and Stop out is set to 5%, so all your positions will be automatically closed when the margin level reaches down to 5%.
Allow Trading Strategies
PaxForex allows EAs (Expert Adviser, Automated Trading), Scalping, Hedging, News Time Trading trading in a platform of Mini Account.
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PaxForex Trading Accounts Comparison
Here are the details of all Forex trading accounts of PaxForex.