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Overview

PaxForex was created by a group of professional traders, who in turn attracted serious investors to start a business in the field of brokerage services.

Currently PaxForex maintains partner relationships with major companies, such as Morgan Stanley, Credit Suisse, Merrill Lynch, Deutsche Bank, Goldman Sachs, which in turn allows it to provide the best trading conditions on the foreign exchange market to traders from all over the world. The broker's website is available in English, German, Chinese and Arabic.

PaxForex holds constantly promotions with the distribution of Forex bonuses, including no deposit ones that allow starting trading currency pairs without risking trader's own money. Deposit bonuses are available for all regular customers. They reach a sum of $15,000 and it is almost impossible to meet them in the world of Internet trading.

Bonuses

PaxForex pleases its customers with a variety of Forex bonuses both no deposit and deposit.

Currently, all users can take advantage of unique offers for no deposit Forex bonus, which will be available for them after they become clients of the broker.

No deposit Forex bonus of $7 is available for new customers of the broker and it allows them to start trading on the foreign exchange market with real money without investing their own funds. The bonus is available for currency pairs trading on the Forex market with leverage of 1:500. Limits on the lot size are absent and it is also possible to open an unlimited number of positions. A novice trader will need to make a trade turnover of 0.3 standard lots for every dollar to make bonus funds available for withdrawal. No deposit bonus offer has no time limits, so all new customers of PaxForex will be able to take advantage of it.

No deposit Forex bonus Be Online is a unique offer in the world of Internet trading, which is created by the broker for its new customers. All new clients can receive to their trading account the bonus of $200 for one month. Bonus funds are available for trading on any currency pair with the following conditions:

- startup capital is $200

- the leverage is 1:500

- the maximum lot size is 0.01

- the maximum number of open positions is 2

- the minimum sum, required for upgrade is $10.

Forex bonus Be Online may become available for withdrawal if the trader will be able to make within a month a trade turnover of $5 standard lots, otherwise he will be able to withdraw only the profit earned in the last month of trading on the foreign exchange market, if it is formed on his account.

Broker PaxForex offers all customers the opportunity to get the deposit bonus of up to 100%. Customers need to fund an account and to send an application for its receipt by employees of the broker to get the deposit bonus. The sum of the Forex bonus can not exceed $5,000 or 3,500 Euro for one account and the amount can not exceed $15,000 for all accounts.

Table of deposit Forex bonus calculation:

- deposit is from $100 to $299 - initial bonus is $25 - Forex bonus is 25%

- deposit is from $300 to $999 - initial bonus is $300 - Forex bonus is 100%

- deposit is from $1,000 to $1,499 - initial bonus is $350 - Forex bonus is 35%

- deposit is from $1,500 and higher - initial bonus is 25% - Forex bonus is 25%.

Bonus funds become immediately available for trading on the foreign exchange market and to have the possibility to withdraw them from the account users should make the trade turnover five times smaller than the bonus. For example, a trader makes a deposit of $100, then he will need to close 20 standard lots to make bonus funds available for withdrawal.

Rules of Forex bonus trading:

- amount from initial startup that is available for withdrawal - 40% (at most)

- the minimum lot size is 0.01

- scalping is available

- automatic trading advisors are available

- opposite position opening is available

- transfers between trading accounts are prohibited

- less than 5 minutes transactions are not taken into consideration while calculating trade turnover.

Training

PaxForex published especially for beginners on its website tutorials about the Forex market, which will provide the basic knowledge to start trading.

Traders will receive answers to following questions using learning materials:

- what is the foreign exchange market

- how is it worth trading on the Forex market

- how to earn money on currency exchange

- how to register the trading account in the broker

- how to credit funds to a trading account

- how to withdraw revenue, obtained wile currency pairs trading

- what is fundamental analysis

- what are economic indices

- how to trade profitably on news

- what is technical analysis

- what technical analysis tools exist

- what type of market analysis is better.

Terms of trading

PaxForex offers the following trading conditions for traders:

- the foreign currency account (the base currency)

-the minimum deposit is $10

- the leverage is 1:500 (the decrease is possible)

- a lot of currency pairs, securities, gold, silver, futures

- spread is floating from 0.8 points

MetaTrader 4

- multi-language support

- Instant Execution order

- more than 50 embedded Forex indicators

- addition of new indicators feature

- installation of Forex advisors

- automated trading using the protocol DDE.

PaxForex Metatrader MT4 Multiterminal

- multi-language support

- simultaneous work with several accounts

- basic functions of the popular trading platform Metatrader MT4.

PaxForex offers its customers several types of trading accounts:

- Mini

- Standard

- VIP.

Trading account Mini:

- the minimum deposit is $10

- currency pairs trading is available

- gold and silver trading is not available

- the minimum spread is 0.0003

- the minimum lot size is 0.01

- the maximum lot size is 0,06

- the leverage is 1:500

- Stop Out is 5%

- Margin call is 10%

- no assistance of a personal manager.

Trading account Standard:

- the minimum deposit is $300

- currency pairs trading is available

- gold and silver trading is available

- the minimum spread is 0.0001

- the minimum lot size is 0.1

- the maximum lot size is not limited

- the leverage is 1:500

- Stop Out is 5%

- Margin call is 10%

- assistance of a personal manager is available.

Trading account VIP:

- the minimum deposit is $10,000

- currency pairs trading is available

- gold and silver trading is available

- the minimum spread is 0.0001

- the minimum lot size is 0.1

- the maximum lot size is not limited

- the leverage is 1:500

- Stop Out is 5%

- Margin call is 10%

- assistance of a personal manager is available.

Forex indicators (recommended)

- Forex Goiler

- Steinitz Fractal Breakout

- Super Signals Channel

- WSS Platinum

- Buy Sell Magic.

Forex expert advisors (recommended)

- Aladdin 7 FX (an automatic Forex advisor that is based on trading indicators WPR, ATR, CCI, Moving Average, which allows it to determine accurately market entry and exit points to obtain a good profit in most cases)

- Galaktiko (an automatic Forex advisor that uses for its operations the analysis of the volatility of the foreign exchange market on popular among traders pair EUR/USD and allows to make profit from price increase)

- Unimillion (an automatic Forex advisor for novice Forex traders that operates on the Martingale method and uses averaging, which allows it to make a profit of 70% of trading transactions).

Investments

Currently PaxForex does not provide services for direct investment of funds in the professional managers, who work for a certain interest on the PAMM-accounts. All agreements concerning investment of funds in trading accounts of successful traders are not supervised by the broker and it does not bear any responsibility for them.

Unique features

PaxForex enables its customers to use while trading on the Forex market unique calculators, placed on its website and available online.

Forex calculator:

- margin (calculation of margin requirements)

- pip (calculation of pip price (point)).

PaxForex also offers all clients to become his partners in the field of Internet trading and it is willing to pay good commission for attraction of new customers.

An affiliate program has two forms:

- IB representative

- White Label.

Anyone can be IB representative. It is enough to send an application to the broker, which in turn will give the trader the necessary advertising materials and professional advices on how to develop this trend and attract new customers. All clients, attracted by the partner, become his referrals and the broker will pay a commission from their trade turnover to the partner.

White Label is a direction for legal persons, wanting to start a business in the field of Internet trading under their own brands. It is necessary to send an application to employees of the company according to this direction, after considering of which they will contact to a potential partner for further discussion of starting a business.

Add/withdraw funds

PaxForex offers the following ways to deposit and withdraw funds from the trading accounts: WebMoney, Perfect Money, OkPay, CashU, Liberty Reserve, Moneybookers, VISA, MasterCard and bank transfer.

Contacts

PaxForex provides 24 hours a day support to its customers via e-mail [email protected], via live-chat and by international phone +44 208 133 0626.

Cons and pros

+ the dynamically developing broker

+ the minimum deposit is $10

+ small spread

+ good leverage

+ no deposit Forex bonus

- no deposit bonuses

- few learning materials.

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