PaxForex Journal

Journal status: closed
PaxForex out of business
PaxForex Profile
Year
2011
Country
SVG
Branches
1
Regulation
not regulated
Registration
FSA SVG
Investor protection
Fund protection
...
Publicly traded
no
Restricted countries
Not serving
х Canada, Germany, Japan, New Zealand, US
Broker type
MM
Dealing book
B-book
Tier
3
Execution speed
...
LPs total
6
LPs quality
Tier-1 Banks
LPs names
Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Merrill Lynch, UBS

PaxForex Accounts
MM
Minimum Deposit
100 $
Leverage
500 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.4 pips
Commission
0 $/lotRT
Volume
Unlimited
Margin Call
10 %
Stop Out
5 %
Execution
Instant
Spread
fixed
Scalping
no
Update broker

Is PaxForex safe?

  • Investor protection: ...
  • Regulation: not regulated
  • Registration: FSA SVG
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is PaxForex trusted?

  • Information transparency: high ★★★★★
  • Customer service: prompt, useful
  • PaxForex website: highly detailed, updated ★★★★★
  • PaxForex popularity (by visitor count): average ★★★

How PaxForex works

2.3 The Client is informed that any orders placed with the Company for the Financial Instrument offered by the Company, the Company acts as the principal and the Company is the sole Execution Venue which is a nonregulated market.

6.7 Trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices (commonly known as “sniping”) are not accepted by Company.

https://cabinet.paxforex.com/files/Terms_and_Conditions_of_business_PaxForexMT4.pdf

Your funds are held in segregated accounts, specially designated as “Clients Accounts”, with a number of investment-grade European Banks which are closely monitored. PAXFOREX has similar capital adequacy requirements to Banks and we are also members of an Investor Compensation Program.

https://paxforex.com/tutorial/forex-faq

The trading does not happen in a regulated market; therefore the Client may be trading with Company as a counterparty (whereby Company will be acting as a principal) or with a third financial institution/Market maker (whereby Company will be acting as an agent). If the Client decides to open a position in a CFD with Company, then that open position can only be closed with Company.

Company’ price for a given CFD is calculated by reference to the price of the relevant underlying financial instrument, price which Company obtains from third party external reference sources.

The minimum level for placing Stop Loss, Take Profit, Buy Limit, Buy Stop, Sell Limit and Sell Stop orders, for a given CFD, is specified on the main Website of Company www.paxforex.com Therefore, Company reserves the right to increase minimum levels for placing above mentioned orders to reasonable extend under abnormal market conditions, which cannot exceed standard stop/limit level more than 3 times.

9. Execution Venues Execution Venues are the entities with which the orders are placed. For the purposes of orders for the financial instrument of CFDs, Company may act either as a principal (therefore, Company is the sole Execution Venue for the execution of the Client’s orders) or as an agent (therefore some third financial institution will be the Execution Venue).

https://cabinet.paxforex.com/files/Order_Execution_Policy.pdf

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