Paymax Account Type

　　Paymax offers several types of trading accounts tailored to different trading styles and preferences. The account types include:

• ECN Account
• Spread: From 0 pips
• Leverage: Up to 1:500
• Minimum Order Size: 0.01
• Elite Account
• Spread: From 1.0 pips
• Leverage: Up to 1:500
• Minimum Order Size: 0.01
• Pro Account
• Spread: From 1.5 pips
• Leverage: Up to 1:500
• Minimum Order Size: 0.01

　　Unfortunately, Paymax does not disclose the minimum deposit requirements for any of these account types. Additionally, the broker claims to offer a range of trading instruments, including currencies, commodities, stocks, and cryptocurrencies.

　　

Paymax Broker Account Opening Process

　　To open an account with Paymax, follow these steps:

• Visit the Website: Go to paymaxxfx.com.
• Register: Click on the registration link and fill out the required information, including your mobile number and email address.
• Verification: Confirm your identity by providing the necessary documents, such as a valid ID (CNIC) and proof of address.
• Deposit Funds: Once your account is verified, you can fund your account using available methods, which may include wire transfer or cash.
• Start Trading: After depositing funds, you can start trading on the platform.

　　Please note that while Paymax claims to offer a straightforward account opening process, the lack of transparency regarding minimum deposits and account conditions raises concerns about the legitimacy of the broker. Always exercise caution when dealing with unregulated brokers.