Paxforex was founded in the year 2010 by professional traders. The platform offers a wide range of trading services, from forex, stocks, indices, to spot metals, for both new and professional traders. Paxforex is available globally, backed up by 24-hours-available technical support.
Pros and Cons
Paxforex was started by a team of professional traders, who have extensive knowledge in trading in Forex, stocks, options and CFDs. Paxforex confidently boasts of its customer service, which is backed by technical experts focused on building a healthy relationship with the clients and solving their doubts; they are available for 24 hours a day and 5 days a week through Skype, Live Chat, Call Back Request, Email, and Telephone.
Paxforex offers its services worldwide, including the United States, Russia, the UK, Canada, and Iran, except countries whose governments pose restrictions. They have a special type of account—Islamic account—to meet the requirements of those who require swap-free accounts.
MT4 Multiterminal Platform
Paxforex’s MT4 multiterminal platform manages multiple accounts through one platform. All of the features of the classic PaxForex MT4 programme are included, including partial or complete position closing, receiving broker emails, and news updates. Their terminal also has a mobile terminal. This mobile terminal provides traders with the ability to do technical analysis and graphical depiction using a variety of useful and beneficial financial tools, as well as an off-line mode.
All PaxForex clients get access to the popular MetaTrader 4 (MT4) trading platform. PaxForex’s MT4 platform is available as a desktop and mobile application. The platform’s interface is easy, user-friendly, and adaptable to the trader’s personal layouts, colours, and instruments. Traders get access to three types of charts: candlestick, line, and bars, and they can also apply multiple indicators on the charts. Paxforex also supports automatic trading through the use of expert advisors (EAs).
Paxforex is a very flexible platform: it offers five types of accounts. The five types of forex account include mini, standard, VIP, cent, and Islamic. The minimum deposit for forex mini is $100, while the minimum deposit for forex standard is $2000.
The VIP account takes $10,000 as minimum deposit. The Cent forex account is designed for newcomers who want to take minimum risks. The spread offered in each of the accounts also varies. The standard and the VIP account offer the lowest spread: 0.4 pips.
Paxforex offers payment options, from bank transfers, credit/debit cards, WebMoney, to Perfect money. It offers safe transactions, where all of the communication and data are encrypted.
From 9:00 a.m. until 18:00 p.m., all withdrawal requests are handled. The minimum withdrawal amount is ten dollars, or the equivalent in the base currency.
Contact and customer support
Paxforex’s customer support is operational 24 hours a day and 5 days a week. It’s easy to connect with them via Skype, Live Chat, Call request back, and email.
Traders can open an account with Paxforex easily. They have to first select the type of account they want to register with. After that, basic information has to be filled in and KYC identification checks are done.
Paxforex is a good platform designed to meet the demands of new and experienced traders. They have a history of 11 years and offer remarkable services in forex and CFD trading.