English

PAX-FOREX Forex Broker keeps up-to-date with the latest trading account information, including Shares Account, PAX-FOREX Ultra Low Account, Standard Account, Micro Account maximum leverage of --, trading varieties, and more

Rating Index

Pros

High leverage options up to 500:1, allowing traders to maximize potential returns.

Multiple trading platforms available, including MT4, which is popular among traders for its user-friendly interface and functionality.

Flexible account types with low minimum deposit requirements, making it accessible for both novice and experienced traders.

Cons

Lack of regulatory oversight, which raises concerns about security and transparency for traders.

Mixed reviews regarding withdrawal processes, with some users reporting delays and difficulties in accessing their funds.

Higher withdrawal fees, particularly for cryptocurrency transactions, which can impact overall profitability for traders.

PAX-FOREX broker Accounts

Shares Account

Environment

Currency

Maximum Leverage

SupportedEA

Minimum Deposit

10,000$

Minimum Spread

As per the underlying exchange

Depositing Method

Withdrawal Method

Minimum position

Commission

Products

PAX-FOREX Ultra Low Account

Environment

Currency

Maximum Leverage

1:1000

SupportedEA

Minimum Deposit

Minimum Spread

from 0.6

Depositing Method

Withdrawal Method

Minimum position

0.01

Commission

Products

Standard Account

Environment

Currency

Maximum Leverage

1:1000

SupportedEA

Minimum Deposit

Minimum Spread

from 1

Depositing Method

Withdrawal Method

Minimum position

0.01

Commission

Products

Micro Account

Environment

Currency

Maximum Leverage

1:1000

SupportedEA

Minimum Deposit

Minimum Spread

from 1

Depositing Method

Withdrawal Method

Minimum position

0.1

Commission

Products

PaxForex Account Type

PaxForex offers four main types of trading accounts tailored to different levels of trader experience and preferences:

Cent Account

Minimum Deposit: $10
Minimum Spread: 2.4 pips
Maximum Leverage: 1:500
Minimum Trade Volume: 0.0001 lots (1,000 units)
Stop Out Level: 20%
Islamic Account Option: No
Recommended Deposit: $100

Mini Account

Minimum Deposit: $100
Minimum Spread: 1.4 pips
Maximum Leverage: 1:500
Minimum Trade Volume: 0.01 lots (100,000 units)
Stop Out Level: 5%
Islamic Account Option: Yes
Recommended Deposit: $500

Standard Account

Minimum Deposit: $2,000
Minimum Spread: 0.4 pips
Maximum Leverage: 1:500
Minimum Trade Volume: 0.01 lots (100,000 units)
Stop Out Level: 5%
Islamic Account Option: Yes
Recommended Deposit: $5,000

VIP Account

Minimum Deposit: $10,000
Minimum Spread: 0.4 pips
Maximum Leverage: 1:500
Minimum Trade Volume: 0.01 lots (100,000 units)
Stop Out Level: 5%
Islamic Account Option: Yes
Recommended Deposit: $50,000

Each account type provides access to a wide range of trading instruments, including forex, metals, and CFDs, with varying levels of support and educational resources.

PaxForex Broker Account Opening Process

Opening an account with PaxForex is a straightforward process that can be completed in a few simple steps:

Visit the Account Opening Page

Go to the PaxForex official website and click on the "Open Trading Account" button.

Fill in Required Information

Complete the online form with necessary personal details. This includes your name, email, phone number, and country of residence.

Verify Your Email

After submitting the form, you will receive a confirmation email. Click on the link in the email to verify your account.

Choose Your Account Type

Select the type of account you wish to open (Cent, Mini, Standard, or VIP).

Provide Identification Documents

Upload a color scan of your ID (passport or national ID) and a recent utility bill for verification purposes.

Make a Deposit

Once your account is verified, log in to your client area, navigate to the "Deposit Funds" section, and choose your preferred deposit method. The minimum deposit amount is $10.