PaxForex

PaxForex broker (PaxForex com) has gained a strong foothold in the European and CIS markets, offering competitive trading conditions and reliable order execution technology. The company does not offer unique products or services, but its trading conditions and order execution technology are noteworthy. Among PaxForex’s liquidity providers are global investment banks, which confirms the company’s high reputation.

PaxForex offers classic Forex tools on the Allpips platform, emphasizing high speed of order execution. Slippages are rare, which is an advantage for traders. Cent accounts are available for novice traders, which allow them to practice strategies and study the functionality of the platform with minimal risks.

The company’s website is intuitive and provides comprehensive information on trading and partnership offers, allowing traders to easily compare different investment options. These advantages make PaxForex a reliable partner for traders with any level of experience.

It is worth noting that PaxForex has held high positions in the MOFT rating of Forex brokers for many years, which once again confirms the reliability and professionalism of the company.

Thanks to the partnership between PaxForex and MOFT, every trader has the opportunity to significantly reduce trading costs by receiving partial spread compensation. To use the rebate service, you need to register for free on the MOFT website, open an account with PaxForex using the affiliate link and receive spread compensation for each trade, regardless of its result, on your MOFT Personal Account balance.

The amount of compensation depends on the selected instrument (currency pairs, CFDs on metals) and averages from 0.3 to 4.5 pips per 1 lot.

Example: A trader makes a turnover of 1 lot on EUR/USD currency pair for 1 day. The spread on this pair averages 1.4 pips on the Mini account. The cost of a pip at 4-digit quotes for this pair is $10. The cost of a pip at 4-digit quotes for this pair is $10, therefore, the trader’s spread costs will be $14. ACCORDING TO THE PARTNERSHIP TERMS, 0.3 PIPS ARE REIMBURSED FROM THE BROKER TO MOFT ON THIS PAIR, WHICH CORRESPONDS TO $3. Under the terms of the partnership, 0.3 pips are reimbursed from the broker to MOFT for this pair, which corresponds to USD 3. THE TRADER RECEIVES 80% OF THIS AMOUNT – $2.4. The trader receives 80% of this amount – $2.4. THE TRADER RECEIVES 80% OF THIS AMOUNT – $2.4. Consequently, the real cost to the trader will be $11.6. U.S. DOLLARS.

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Trading conditions of PaxForex attract mostly novice traders due to a number of convenient and favorable features.

Basic terms and conditions

Cents Account: The minimum deposit of only USD 10 makes this account accessible to beginners, allowing them to start trading with minimal risks and costs. This account is available for beginners, allowing them to start trading with minimal risks and costs.

Leverage: All account types have the same leverage of 1:500, which gives traders the opportunity to significantly increase trading volumes without the need to increase initial capital.

Stop-out level: A low stop-out level of 5% for all accounts except cent accounts provides additional flexibility and reduces the risk of automatic closing of positions at the slightest market fluctuations.

PaxForex offers its clients reliable and transparent trading conditions, making the trading process accessible and convenient for both beginners and experienced traders.

• Trading platform

  Web Platform Allpips, MT4

• Accounts

  Demo, Price, Mini, Standard, VIP

• Account currency

  USD, EUR, GBP (for USD cent account)

• Deposit/withdrawal

  WebMoney, Neteller, Skrill, Perfect Money, QIWI, FasaPay, Bitcoin, bank cards, bank transfer

• Minimum deposit

  From $10

• Leverage

  Up to 1:500

• PAMM accounts

  no

• Minimum order

  0.01 (0.0001 for cent account)

• Spread

  From 0.4 points

• Instruments

  Currencies, stock and commodity market assets, cryptocurrencies

• Margin call / Stop out

  10%/5% (55%/20% for cent account)

• Liquidity provider

  Credit Suisse, Barclays, Deutsche bank, Goldman Sachs, UBS и Merrill Lynch

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Instant Execution, Market Execution

• Trading features

  There are signals trading cryptocurrencies

• Contests and bonuses

  yes

MOFT analysts carried out a detailed analysis of trading conditions of PaxForex broker to identify explicit and hidden commissions. The results of the research showed that the company has no commissions for fixed trading turnover and its own commissions for withdrawal of funds. This means that traders are free to trade and withdraw funds without additional costs, which greatly simplifies the trading process.

Highlights of the analysis:

Floating Spread: The spread at PaxForex is floating and depends on the type of account. The minimum spread varies, which allows traders to choose the most suitable conditions for their trading.

Swaps: The broker charges swaps (commission for carrying a position to the next day), which is a standard practice in the Forex market. These commissions may vary depending on the selected instrument and transaction volume.

No hidden commissions: It is important to note that the company has no hidden commissions, which makes trading conditions transparent and predictable for traders.

Conclusions:

PaxForex trading conditions are favorable for both beginners and experienced traders. The absence of additional commissions for trading turnover and withdrawal of funds, as well as floating spreads and standard swaps make the company attractive to a wide range of users.

PaxForex broker is part of the Liano Group financial corporation and provides services in the European and CIS markets. Registered in the jurisdiction of St. Vincent and the Grenadines, the company also has offices in the UK and other countries. PaxForex belongs to the universal classic brokers, offering CFD trading services, including cryptocurrencies.

PaxForex Key Trading Terms

• Minimum deposit: USD 10. USD
• Leverage: up to 1:500
• Withdrawal of 90% of deposits: within 7 minutes

PaxForex – The Best Broker for Beginner Traders

PaxForex is a classic broker providing standard services in the Forex market. The broker’s team emphasizes technological development of the order processing system and electronic pricing system. The broker’s IT infrastructure is deployed in leading data centers in London (Equinix LD4) and New York (Equinix NY4). PaxForex servers are connected to the servers of major exchanges and liquidity providers via a fiber-optic network, which allows to update quotes three times per second and guarantee clients the best execution prices.

PaxForex Trading Platforms

The broker offers the Allpips trading platform, which, despite the lack of a full-fledged price book and the ability to assess market depth, is one of the most popular platforms, convenient and intuitive for novice traders.

PaxForex Useful Services

• Pip Cost Calculator: allows you to calculate the cost per pip depending on the currency pair, trading account currency and leverage.
• Economic Calendar: provides information on key fundamental events that may affect the quotes.

Instructions for Getting Started with PaxForex

PaxForex offers several account types designed for different categories of traders, including beginners, standard and institutional clients.

A demo account is also available, allowing you to familiarize yourself with the trading conditions and functionality of the platform.

Bonuses from PaxForex

• 100% Bonus: 100% bonus on deposits of $500 or more. USD and more.

PaxForex is a reliable choice for traders of any level, offering attractive trading conditions, a wide range of accounts and professional trading platforms.

Steps to register and access your Personal Account:

1. Registration: Go to the main page of the broker’s website and click on the “Registration” button.
2. Entering personal data: Fill in the form with your personal data, including phone number and e-mail address. A registration code will be sent to your phone number and a link to confirm your registration will be sent to your e-mail.

PaxForex Personal Cabinet features:

1. Personal Profile Management: The Personal Profile allows you to manage your personal data and profile settings.
2. View statistics on bonus funds: In myAlpari you can track statistics on bonus funds and get information about current bonuses and their utilization.

Other useful functions and features of myAlpari:

• Working with the trading platform: Direct access to the trading platform to manage your trades and track the market.
• Access to training materials and videos: Training resources and videos to help improve your trading skills.
• Communication with a personal manager: Ability to communicate with a personal manager for advice and support.
• Affiliate program statistics: Information about the results of participation in the affiliate program, including data on attracted clients and earned commissions.

PaxForex Personal Cabinet offers a wide range of features that provide convenience and efficiency in managing trading operations and access to useful resources for traders.