PaxForex Brand name
Rating based on 3 reviews
|Alex SaloCEO||10 USDMinimum deposit|
|2010Founded||Currencies, Metals, Shares CFDTrading instruments|
|N/ARegulated||Meta Trader 4Trading platforms|
|London, United KingdomHeadquarters|
|100+Number of employees||Get Widgets|
PaxForex was founded by a team of professional traders in 2010. Working in top positions with the largest brokers, who are our main competitors now, we have gained a lot of experience in the forex, stock, options and CFD markets as traders and dealers. They are much larger than we are.
This is one of our advantages: we are large enough to timely meet the needs of our customers and small enough to quickly provide unique products and services in the industry.
As traders we know, from our own experience, exactly what our customers want. Providing services and trading in financial markets is not all we do. Our knowledge and experience enable us to create the fairest and most stable trading environment for you.
Is PaxForex scam or not?
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I understand that they have different liquidity providers. It is profitable to trade currency pairs here, since the spread level is quite low. But I prefer to trade in metals and stocks in another company. To summarize, the broker is normal. If you have questions, you can always ask the manager and get a clear answer. In this sense, they are great, they respond competently and quickly. Not everywhere, alas. It's bad that there are no PAMM accounts at all.
This is my fifth broker, and the first one that isn’t a scammer. Yes, I was really lucky to find it. Moreover, the minimal deposit is really the one that allows performing the broker testing. So did I. I deposited that sum. 10 USD, I believe, and checked just everything: platform, orders, support, money withdrawal. All worked very smoothly for me. Then, I made a bigger deposit. Nothing changed. Now, am trading with normal money, and am still happy with the broker.
Responsible to the choice of a broker, read different reviews and chose PaxForex. The date of the foundation of the company played a major role, since the broker exists since 2010. For all this time, judging from the comments of the people, there were no problems. Personally, I for five months of trading did not get lost in the choice.