PaxForex was founded in 2011 and it is an online Forex broker based in Saint Vincent and the Grenadines, offering its clients low spreads and quick implementation. There is no known authority to regulate it.
PaxForex offers merchants a wide range of accounts. The Cent account is ideal for new players who want to experience real money trading with minimal risk. It needs a minimum deposit of only $ 10 but recommends that you deposit $ 100. This account only has USD. The minimum lot size is 1000. The leverages are 1: 500. However, it does not offer transactions in gold or silver.
The Mini account is suitable for new business entities. These accounts can get live for as little as USD 10. But at least USD 500 is recommended to receive all the benefits. They include a minimum spread of 1.8, a leverage of 1: 500 and the possibility of trading in USD, EUR, and GBP. Gold and silver can be, and an exchange account is available. The Standard Account recommends payment of USD 5,000, but it can be opened for USD 2,000.
Each type of account gives the Forex investor full access to the highly accredited MetaTrader4 transaction platform, which includes unlimited graphs and technical indicators, automatic commercial transactions, mobile trading software and access to detailed information on forex accounts. PaxForex enables the Metatrader platform in the open demo mode so that the entrepreneur can familiarize themselves with the software functions without risking real money in the learning process.