FORWEX Forex Broker keeps up-to-date with the latest trading account information, including Prime, Start, Zero maximum leverage of 1:2000, trading varieties, and more
Rating Index
Pros
Offers a variety of trading instruments, including forex, commodities, and indices.
Provides multiple trading platforms, including web-based and mobile options.
Competitive pricing with low spreads and no hidden fees.
Cons
Limited regulatory oversight may raise concerns for some traders.
Customer support options are limited, potentially affecting user experience.
Educational resources for beginners are lacking, which may hinder new traders.
FORWEX broker Accounts
Prime
Start
Zero
PaxForex Account Types
PaxForex offers a variety of forex trading account types to cater to different trading needs and experience levels. The account types include:
- Cent Account
- Minimum Deposit: $10
- Minimum Spread: 2.4 pips
- Minimum Lot Size: 0.0001
- Max Leverage: 1:500
- Recommended Deposit: $100
- Personal Education: No
- VPS: $25/month
- Islamic Account Available: Yes, upon request
- Mini Account
- Minimum Deposit: $100
- Minimum Spread: 1.4 pips
- Minimum Lot Size: 0.01
- Max Leverage: 1:500
- Recommended Deposit: $500
- Personal Education: Yes
- VPS: $25/month
- Islamic Account Available: Yes, upon request
- Standard Account
- Minimum Deposit: $2,000
- Minimum Spread: 0.4 pips
- Minimum Lot Size: 0.01
- Max Leverage: 1:500
- Recommended Deposit: $5,000
- Personal Education: Yes
- VPS: $25/month
- Islamic Account Available: Yes, upon request
- VIP Account
- Minimum Deposit: $10,000
- Minimum Spread: 0.4 pips
- Minimum Lot Size: 0.01
- Max Leverage: 1:500
- Recommended Deposit: $50,000
- Personal Education: Yes
- VPS: Free
- Islamic Account Available: Yes, upon request
Choose a Forex Broker: Research and select PaxForex based on their offerings and reputation.
Fill Out Registration Form: Complete the online registration form with personal information such as name, address, email, and phone number.
Verify Your Identity: Upload a government-issued ID and proof of address to comply with anti-money laundering regulations.
Fund Your Account: Deposit the required minimum amount, which varies by account type (e.g., $10 for Cent Account, $100 for Mini Account).
Download Trading Platform: After funding your account, download the MetaTrader 4 trading platform to start trading.
Start Trading: Once the platform is set up, you can begin trading in the forex market.
Each account type is designed to meet specific trading preferences, from beginners to experienced traders, and offers varying benefits such as personal education and lower spreads.
PaxForex Broker Account Opening Process
Opening an account with PaxForex involves several straightforward steps:
By following these steps, you can easily open an account with PaxForex and start your trading journey.
FORWEX Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.