Are you looking for a Saint Vincent and the Grenadines Forex broker? Do you have a lot of money to lose? Are you interested in trading CFD’s on stocks, precious metals, and futures? If so, you should read this PaxForex review to find out how it can benefit you.
There are several reasons why you should check a PaxForex review before trading with them. In particular, you should look at their regulatory status. Furthermore, the website doesn’t provide much information about how they segregate their clients’ funds. Nevertheless, the company does offer Islamic swap-free conditions, and they have several account types available to cater to every trading style.
Offers 60 currency pairs
PaxForex is a forex trading platform that allows clients to trade more than 60 different currency pairs. This includes majors, minors, and exotics. The company offers a flexible fee structure and five-decimal pricing for all forex trading pairs. PaxForex is a legal, registered forex broker that offers 60 different currency pairs and a variety of underlying assets. Unlike many forex brokers, PaxForex offers multiple accounts for different needs.
In addition to the 60 major currency pairs, PaxForex also offers CFDs on stocks, commodities, indices, and precious metals. These assets are traded in conjunction with the Forex market. The minimum contract size for Bitcoin is 0.01 pips, and lots for Ethereum and Ripple are one hundred and one. While paxforex review only offers 60 currency pairs, they also offer trading in more exotic instruments like cryptocurrencies and stocks.
CFD’s on stocks, futures, and precious metals
Before you sign up for a trading account at PaxForex, make sure you read this PaxForex review. PaxForex is an offshore broker and accepts cryptocurrency deposits and withdrawals. You should keep in mind that PaxForex charges a 5.5% service fee when withdrawing your funds to a credit card.
Whether you’re new to trading CFD’s on stocks, future, or precious metals, you’ll need to sign up for a broker that offers the types of CFDs you’re looking for. Some brokerages don’t offer these types of trades, so be sure to do your research and compare different platforms before you choose the one that best suits your trading needs.
Customer support at PaxForex is excellent. The representatives are friendly and knowledgeable, and they respond promptly to your queries. They offer personal managers for VIP accounts, which is a handy perk. The FAQ section is thin, but it contains a good selection of answers to frequently asked questions. In case you’re unsure about a certain asset, there’s no need to worry: PaxForex has a 24-hour live customer support team available to answer your questions.
Has no fund compensation scheme
There are several things you should know about PaxForex’s fund compensation scheme. Unlike many other brokers, it is not regulated. PaxForex maintains your funds in segregated accounts. The company follows a strict set of AML guidelines, maintains a minimum balance of liquid funds, and follows advanced level internet security protocols. However, the company’s website does not have information about its fund compensation scheme, which may have a negative effect on your trading account.
Another reason to check PaxForex is their customer service. It has a very knowledgeable and friendly support staff, who respond promptly to most queries. It is a worldwide recognized broker with over 350 registered users. Moreover, you can make use of the negative balance protection and reset your account to zero if you ever lose your money.
Wrapping Up
axForex is an established broker. It has been in business for more than 10 years and is registered in St. Vincent and the Grenadines, an offshore financial jurisdiction well-known for CFD brokers. Moreover, it is a member of the Investor Compensation Programme (ICP), which safeguards client funds in the event of bankruptcy or insolvency. The company also offers a demo account.
