PaxForex Review

2.609 · 54 REVIEWS


Updated: Jan 7, 2021 ·  · Is this your company?

PaxForex is a forex broker with its corporate flag located in Saint Vincent and the Grenadines. This leaves PaxForex free to offer high leverage, up to 500:1 currently.

In terms of platforms, PaxForex offers MT4, MT4 mobile, and MT4 multermimal, which permits multiple accounts to be traded simultaneously. ECN accounts are offered. Scalping, news spike trading, and EAs are permitted. There is also a copytrading feature available.

PaxForex's support options include an FAQ, phone, email, contact form, and live chat.

PaxForex has been offering forex trading since 2010. In addition to many of the usual CFDs offered by many forex brokers, PaxForex also has a small number of cryptocurrencies available for trading.


September 2020:  The FBI has seized the domain name.  If you have any dispute with PaxForex, please submit your information to

PaxForex is still operating under

February-March 2019:  Large numbers of fake and highly suspicious positive reviews have been submitted for PaxForex.
If you were required to submit a review, forums post, or blog post as part of a bonus program, please CLICK HERE and submit evidence.

Broker Details

Minimum Trade Size: 0.0001
Maximum Leverage: 500:1
Minimum to Open Live: $10
Established: 2010
Address: 1825, Cedar Hill Crest, Villa, Kingstown, Saint Vincent And Grenadines
Contact:, +44 203 504 0303
Regional offices:
Regulators: SVGFSA #201973 IBC 2014 1825
Prohibited countries:
Trading platforms: MT4
Mobile Trading: Yes
ECN: Yes
Currencies: (60+)
Cryptocurrencies: (4) Bitcoin, Litecoin, Ethereum
CFD: (40+) Gold, Silver, Stocks
EAs/Robots: Yes
News Spike Trading: Yes
Scalping: Yes
MAM: Unknown
CopyTrading: Yes
Deposit Methods: Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Qiwi, Skrill, Uphold, WebMoney
Withdrawal Methods: Bank Wire, VISA, MasterCard, Bitcoin, Ether/Ethereum, FasaPay, Neteller, PerfectMoney, Qiwi, Skrill, Uphold, WebMoney

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2.609 · 54 REVIEWS
Forex Peace Army

Let other traders know if this service is worth checking or should be avoided.

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Traders Reviews

Лисогор Николай Юрьевич,
LIS39, Russian Federation,
Jul 4, 2013,

PAXFOREX one of the best centers with whom to work,everything is very clear and understandable,and most importantly,support,works very fast and very politely,continuing the network.
Virginia, USA,
Dec 19, 2015,

Paxforex is a good broker. I'm an IB with them as well as a real world trader with them and Max, my account manager, has done well by me. I got all my IB commissions on the 1st of December. As far as execution speed is concerned, Paxforex is good. I've experienced sub one second execution speeds on ALL my trades, experienced fast withdrawal executions and great customer service. Period. For example, this past Friday, I made $9,300 in less than 15 minutes without execution issues or getting out of the trade that size. I traded 100 standard lots with ZERO issues or problems. Here's the video I took of that trade:

As you will see, the trade was awesome and the couple I did it for is happy as well.

I trust Paxforex. They have the potential to be the #1 forex broker in the world according to the results that I have gotten from them.

Some will say that they are a scam, but my results do not conclude this. I have gotten plenty of calls from Max, the account manager and I hear and see nothing but sincere actions.

For all those that read negative thoughts or words about Paxforex, I sincerely think you need to see that the reality is that Paxforex is competing against other brokers who also has intentions on beating the competitions. Paxforex is sound and sincere. Don't think twice about joining them. Go back and look at my video above and if you want to join Paxforex, I can help you a great deal with your trading. You can sign up here:

I will help you to see that Paxforex is NOT a scam but a sincere forex broker that is willing to bend over backwards to help you.


2015-06-05 No Rating TESTIMONIAL based on as MY broker:

It was April 27, 2015 and I needed desperate help. As a result of my wife and I splitting up; and not amicably on her part I might add, I was in a world of trouble. On April 26th, 2015 I had told my wife that since there were trust issues in the marriage, after 1 year and 1 month of marriage, it was best that we separate. On the same day, we went to a restaurant to eat and then we came back home. I was in the bathroom and once I came out of the bathroom I went to my bedroom and saw that my computer bag was open and that my wallet was gone. I confronted her and, as usual, she lied and told me that she did not take my wallet and that maybe I left it at the restaurant. So, we went back to the restaurant. Long and behold, within 30 seconds of stepping foot into the restaurant, I came back outside to find that her and the vehicle we came with completely gone. I had to ultimately call the deputy sheriff department to come and pick me up from the restaurant to bring me home.

What she did was she went home, claiming that she was picking up her daughter from her daughters friend house, but in reality, she was taking my computer items and hiding them in undisclosed locations that I could not find. On the 26th of April(on a sunday), she stole my trading computer(samsung galaxy 12.2" Tab Pro) and she also took my wallet with all my identification as well as my debit card, social security card, drivers license, and even my birth certificate! She even took my phone.

I called the Deputy Sheriff department, from a neighbors house, but they kept telling me that it was 'community property' and that I had to solve my issue in civil court since it was a civil issue.

She wanted to make sure that I did not get away from her since I was doing well with my trading the market and she wanted as much money from me as she could get. As a side note, I am the one who funded my trading account with my own money that I got as a result of a federal tax return. So, it was not her money that allowed me to trade the market. It was my money. Anyway, I had no money and no way to identify myself. I could not go to the atm because she stole all of my identification and debit card.

On Monday, April 27th, 2015 I left my wife for good without any identification. If a woman does this to any man, it is time to leave her because she is not worth living with.

I went next door to a neighbor to borrow $40 for a taxi ride so that I could go to my bank and close my account. While closing my bank account and opening up a new bank account, while also transferring money from my old bank account to my new bank account, I was able to solve my money issue temporarily. I then went to a good hotel on the same day, April 27, 2015 and have been at the same hotel ever since.

Paxforex to the rescue.....

I contacted Paxforex immediately and told them that my account had been compromised. By the time I was able to contact Paxforex, my wife, had changed my gmail account password so that I could not get into my gmail nor my trading account! My wife, thinking that I had no recourse or sources to help myself, made a $10,780.40 withdrawal from my trading account. She wanted that money to go to my bank account because she banks with Navy Federal and Navy Federal has no Swift Code so the money could not go to her own bank account. She thought that the money would go to my bank account so that she would easily withdraw the money from my bank account to her Navy Federal bank account. So, on that very same day she opened her own Wells Fargo bank account and made a second withdrawal attempt for the same amount of money. This second withdrawal attempt went to her own Wells Fargo Bank account that she just opened(April 27, 2015). Lucky for me, after nearly 3 weeks and not seeing any money hit my bank account, and after going through hell to prove my identity to Paxforex, I was able to get confirmation, from Paxforex, that my wife did indeed go into my trading account to not only upload her own identification documents to my trading cabinent but to also upload her own bank account information to my trading cabinet!

Kate, in Accounting, put a stop to all this by changing my password and registration email so that my wife would not be able to log into my trading account nor would she be able to inquire about my trading information since she does not know my new email address.

For two weeks, paxforex and kate(accounting dept) worked with me to get my situation straightened out. Finally, the bank wire that my wife had tried to send to her own Wells Fargo bank account, was stuck in the banking system and it did not reach it's final destination. Kate, in Accounting, was able to reverse the payment and bring the $10,780.40 back to my trading account. The proces for the wire trace investigation as well as getting some of my funds re-withdrawn to my new bank account was nearly two weeks.

From the bottom of my heart, I want to thank Kate, in Accounting, and everyone else who helped with my situation, at Paxforex, and all the Paxforex team for helping me.

I bank with Wells Fargo. Kate, in Accounting Department, was able to withdraw money from my trading account on a Wenesday. By Friday, I saw that the money was bank wired and deposited into my Wells Fargo Bank account!!

Now, I am trading the market again and I no longer have the financial issues I had on April 27, 2015. Just today, Wenesday June 3, 2015 I made an easy $550 without blinking a single eyelid.

I am now a happy man. I hope and pray that Paxforex remains in business for decades to come. I hope and pray that Paxforex keeps there integrity in tact. With honesty and good business skills, Paxforex will do very well in the now and in the future.

By the way, my wife now has 8 felony counts against her. Even with a good lawyer on her side, she will still be charged with at least two felony counts. I am going to divorce her within the next 6 months so that I can move on with my life.

With all my love,

Hilton M
P.S Yesterday, June 4th I made $1,800 in less than 4 hour and on June 5th, because of Non Farm Payroll, I made $850 in less than 30 minutes. All these can be verified by

2015-05-19 2 Stars On April 27, 2015, a bank wire request was made to my Wells Fargo Bank account. It is now May 18, 2015 and I have yet to see my bank wire. Paxforex, on monday, told me that they would have there bank do an investigation, instead of simply doing a bank wire Trace that should be free, and that there bank would charge me 100EUR which would come out of my trading account; if I receive my $10,780.40 to my bank account or...the 100eur would be taken out of my $10,780.40(U.S dollars) if the money returned to my trading account. It's been 4 weeks now and I still have not recieved my bank wire of $10,780.40. I don't know what's wrong or what to do.
uk, United Kingdom,
Jul 16, 2013,

the best brooker around is paxforex so get in today.
My account number is 1*****

Review Moderation Team Note: Name, rating, and account number removed. The FPA is not going to approve any more "Broker is great! My account number is 123456" reviews for this company.

Vlad, ,
, Czech Republic,
Jul 28, 2015,

Paxforex is a decent broker where we copied some trades and enjoyed high IB commissions. These are paid to IBs only if their clients make new and new deposit each month. Because of this, we found another broker where commissions are paid regardless on clients deposits. Withdrawal of IB commissions and other funds was OK. They have high spreads on mini account but good ones on classic with 2K minimal deposit. Support is good. Overall we recommend this broker as a good trading partner.
rawalpindi , Pakistan,
Jul 9, 2013,

excellent broker and good turms and conditionos for new user !! My Account Number: 1*****

Review Moderation Team Note: Name, rating, and account number removed. The FPA is not going to approve any more "Broker is great! My account number is 123456" reviews for this company.
Jun 10, 2013,

Please. I want 100% bonus of my initial deposit. Thanks

FPA Review Moderation Team Note: 5 star rating, name, and location removed from this review.

The FPA does NOT support this abuse of giving bonuses in exchange for reviews. If a broker offers you money in exchange for submitting a review, please use the "Contact Us" link and let us know.
Dhaka, Bangladesh,
Jun 19, 2012,

Just few days ago I joined myself in for trading but its service really satified me.Even its negative balance protection also attract me.
USA (Really the offices of PaxForex in Ukraine),
Dec 3, 2018,
Registered user

I work and spam for Pax Forex

I would like to take a minute and say THANK YOU Paxforex team. There are some really shady establishments out there but I have never had any problems with them. Nice market execution, spreads, support. worth trying.
  1 trader has found this review helpful
Forex Peace Army
Review moderation team note
4 Star Rating Removed.

This review did not come from the USA.  It came from the Ukranian offices of PaxForex.

Per FPA Policy, the rating on this review has been set to Zero stars.

The FPA does not appreciate review spammers.
Amsterdam, Netherlands (really the offices of PaxForex in the Ukraine),
Sep 26, 2017,
Registered user

Bad for one, but not bad for everyone. - Very good for me because they pay my salary

I disagree with Ajt1970. Not all his issues are broker faults. Here is my vision:

An interesting fact about regulation is that it really doesn’t guarantee anything. I view it more as a false layer of security. A good broker is a good broker, period. On top of that, most regulated brokers are regulated in places where regulation is nothing more than a word. Anyone who truly believes that a Cyprus, Belize, Mauritius, Seychelles, etc. broker is a well regulated one may wake up one day very surprised. I never picked a broker based on regulation, but I tried brokers in order to weed out the good from the bad. In this case, the trader did get his funds back which is one reason why Paxforex is not a scam broker. The purpose of scamming is to enrich the broker while the trader faces partial or total loss. Is $115 in fees ridiculous? Of course it is, but that’s part of the issue with the global banking system. Make smarter banking decisions, and this can be avoided.

Let’s take a look at execution time; 2-9 seconds is not acceptable regardless of strategy you use. I am with Paxforex for a little over three years now and can’t remember a trade taking that long to be executed. It usually happens in way less than 2 seconds, there may have been a trade here and there which took 2-3 seconds but less than a dozen trades in three years which is OK with me. In general the execution is good. Should any broker have permanent issues to fill orders, run!

I always advice traders to skip reviews by others (including this one) and know what you are looking for, then go out there and find it. Forget demo accounts, make a small deposit in a live account ($100-$500) and use the broker. Place trades, request withdrawals and do everything you need and want to do unless you are satisfied with the broker. After that make a real deposit. Yes, this takes a lot more time than reading a review and blindly trusting a stranger. It is no secret that the majority of reviews are either written by disgruntled traders who faced losses due to their own mistakes (accepting bonuses and not reading the fine print would be a big one) or sponsored by brokers in order to attempt to lessen the reputation of competitors.

I have tried Paxforex with a small deposit as mentioned above and after one year of no issues I increased my deposits and Paxforex is now one of my main brokers for various reasons. I like to not worry about what the broker may do and focus on my trading. It is hard to get an environment like that and I am glad that in my case Paxforex has given me and continues to give me just that.
Forex Peace Army
Review moderation team note
5 Star rating removed.

This review came from the offices of PaxForex in the Ukraine.

Per FPA policy, the rating on this review has been set to Zero stars.

The FPA is very disappointed that an PaxForex employee submitted a fake client review to dispute another review instead of using the company representative comment function.

The FPA does not appreciate review spammers.
Aug 12, 2017,
Registered user

Extremely Bad Broker

This broker is horrible. I traded with them for about two weeks and it only took that amount of time for me to realize what a mistake it was. Firstly, their order executions were terrible. I was looking at most fills falling somewhere in the 2 second range and some were as high as 9 seconds. When I hit the button to enter I should be getting a near immediate fill. Instead with them, I hit the button to enter and it was “one thousand one….one thousand two….etc.” and then it would be filled. In those few seconds price can move a lot, so precision is out of the question with them, and precision is crucial for short term traders. Imagine that…in this day and age of technology and it takes that long to get a fill? With other brokers it is more like one TENTH of a second or so. Certainly nowhere near 2-9 seconds. As an intraday trader, those seconds can be agonizing waiting for confirmation of a fill, whether that be for an entry or an exit. And it is not because of my computer or Internet speed as they are both top notch speed. It was all on their end with their server.

Second, their bank fees just to withdraw funds is ridiculous. They say it is because of their bank processors for bankwires. Whatever. I was charged $85 by them to withdraw my initial 3,000. And then an additional $30 to get my small $144 profits in another transaction (because they initially would not send me my profits with the 3k withdrawal due to what they said were some unverified corporate documents, which is B.S. because all my documents and verification were taken care of during the initial stages of opening the acct.).

And lastly, their slippage is incredibly bad. I was slipped 11 pips on my stop-loss in EUR/USD during a liquid part of the day (approximately noon Eastern time). This lead to an additional $450 loss ….money they robbed me o on a 4 lot trade…..because of what they say was a credible fill. Trading the most liquid pair during a very liquid time, and with no news announcements…there is NO WAY anyone should ever be slipped 11 pips in this pair! They claim there was “extreme volatility” at the time my stop-loss was filled and that is why it was slipped so much. To them, a 30 pip spike is “extreme volatility” and warrants 11 pips of slippage. So every time EUR/USD moves 30 pips I have to expect 11 pips of slippage??! Ridiculous! They also said if I deposited more money with them I would be able to open an account on their VPS server, which would allow for better fills and less slippage. But if I can’t trust them with order fills and slippage with a small account, I certainly will not trust them with a larger account.

When I tried to bring up all these issues with my account manager and his boss, I got nowhere. So my advice, stay FAR AWAY from this broker. They cannot be trusted.
Jason C,
Alaska, USA,
Aug 9, 2013,

Follow up review:
Stay away from this "broker", if they could even be called a broker.
Observe how people are posting their account numbers in the reviews recently and if you visit "" you will find nothing but people posting positive reviews with their account number.
This broker is a scam; people post their account numbers to receive small amounts of money in return for leaving positive reviews. They would have absolutely zero positive reviews if not for this deceitful practice as they have truly TERRIBLE trading conditions and are simply out to own your deposit. Stay away, do not deposit any money. You will receive nonexistent price spikes just large enough to wipe you out, you will receive requote after requote in an effort to keep you in bad trades and out of good trades, they will not pay you if you do manage to get a little profit. You have been warned.

2013-05-28 1 Star To anyone considering this broker; DONT GIVE THEM A PENNY. All of the reviews here are people taking advantage of their referring broker offer (they tried to offer me $7 to post a positive review).
In reality this is a bucket shop like any other. They will raise the spread, send spikes, give you a requote every single time you place an order(if its a good one), and when all else fails and they had no way to keep me from profiting they began to resort to crashing the client. Please do me a favor and help them go out of business. This is the worst broker you could imagine. Once I did stop trading with them I began to receive multiple calls a day trying to convince me to resume trading (handing them money).
  1 trader has found this review helpful
, India,
Dec 13, 2012,


They seem to be making money by cheating their clients. Seems like whenever their monthly revenue goes down(may be because the clients quitting the company) they find ways to make money by other means. I read thier bonus advertisement on a forex forum and I thought that I could use the bonus as an extra cushion during my trading. Before registering I had checked with their support team at least twice that in case if I can't complete thier volume lots trading then can I still withdraw my money in the future. They clearly said "Yes, you can take everything except the bonus amount ". After 2 months of hard work and with my friend's assistance in the setups I was able to make about #1296 USD. Due to unavoidable reasons I thought I would withdraw for now and may be start my trading after january. But now the broker does not want to give me my profits.. They are forcing me to complete 60 lots else I cannot withdraw my profits. I had confirmed this twice before I deposited my money and then once recently when they emailed me saying that I cannot take my profit. The support guy confirmed the same that I can withdraw everything except the bonus. I have the proof of that communication. It is my hard earned money, but I am now struggling to take my own money. More info here -
bay area, USA,
Sep 28, 2020,
Registered user

paxforex has been seized by FBI!!!

Service use: Live

Length of use: 6-12 Months

im trying to access my demo account and cents account to this broker. i cant access it and it say not secure. and later found out that this broker has been seized by the FBI.
too late i cant withdraw my live cents account.
Reply by William-Paxforex submitted Sep 30, 2020:
Dear Hustler328,
If you have an account with PaxForex Demo or Live you can visit our site and you will have access to all of your accounts trading terminal and everything is working as usual.

Please note for withdrawal you will need to make a request from your cabinet or get in contact with your manager He/She will help you more.

jeddah, Saudi Arabia,
Oct 26, 2018,
Registered user

Dirty company

They manipulate prices for your loss

Deals are executed at prices not recorded in the market

A question for the company's employees: Do you sleep in peace and you are a group of thieves
Reply by William-Paxforex submitted Feb 21, 2019:
We are very sorry for any inconvenience, The Client is happy and satisfied and started to trade again with us, As he is a loyal regular client of Paxforex, It was all just misunderstanding and has been solved.
Jun 30, 2018,
Registered user

FRAUD thats the only way i can explain this company.

THEY ARE HORRIBLE. If you are making a deposit with this company days good bye to your money because there is NO WAY YOU WILL GET IT BACK. I did not believe the reviews i believed the sales person who insisted the withdraw problems was only with bonuses . I made a deposit 1 week later GBPUSD breakout trade got triggered with 17 pips spread (11 AM GMT) then when i wanted to withdraw my money it happened.
FRAUD thats the only way i can explain this company.
3 years with another broker and not once I had any problem with them.
1 week with these people was enough.
Reply by PaxForex Team submitted Jul 18, 2018:
Hello, Apple22

From your message, it is not entirely clear what is the reason for the negative feedback.
As far as I understand you were able to withdraw your deposited amount successfully. If this is not the case, contact the support team or the business department by filling out the form at from the Category "Service Issues", and we will resolve this issue.

As for the 17 pips spread on the GBP/USD pair, this is quite normal, because quotations are provided with five digits after the decimal point. If you have read our terms and conditions (which is available to everyone who wants to open an account with us), you might notice that the typical spread for this pair:
Cent Account 25 pips,
Mini Account 19 pips,
Standard and Vip Accounts 9 pips

Therefore, depending on which account you opened, such spread could be quite normal. Next time, be careful and study the trading conditions before trading.

If you have any more questions, write to support or contact your personal manager.

Best regards,
PaxForex Team
idaho, USA,
Dec 4, 2012,

I have not had any withdrawl problems (YET) but there trade execution and requotes are awful.
I addressed this with support and they were no help.
Now i am wondering if it's a scam,
Zaman Suleman,
Lahore, Pakistan,
Nov 16, 2014,

I deposited 200 dollars in paxforex and earn 219$ in a single entry in eur/usd ....
they blocked my transcation and said it is illegal ... trade 25 standard Lots more then we will give you withdraw
They are just scammer dont Invest with them
Virginia, USA,
Dec 8, 2015,
Guest allowed my husband to steal $10,780.40 from our trading account by changing information and password to the account. DO NOT TRUST!!! PAXFOREX IS A SCAM!!!
  1 trader has found this review helpful
Jul 26, 2011,

Very bad broker. high level of slipage and also freezes accounts of client.
Sep 23, 2020,
Registered user

Not a good all

Service use: Live

Length of use: 0-3 Months

I decided to try Pax after getting a call from an account manager to take them up on their "special" for no commissions if depositing >$300 into a mini account. Spreads were supposed to be "from .8" on majors. The deposit was quick using bitcoin (less than 30 minutes). I apply an indicator in charts before I start trading to check for conditions. I then notice their spreads on EU were 45, GU 60, etc. No where near "from .8). I did not make any trades to check slippage, but I can assume that would be horrendous as well. I immediately requested a withdrawal via bitcoin for the money I deposited. They said it takes "24 hours" to process. I have used 5 brokers in the last year and not one takes 24 hours to process a bitcoin withdrawal. Then, when asking online in IM, the guys says it can take up to 48 hours! During this time, I did not receive one confirmation email about the withdrawal. I have asked over and over for the email and they keep saying to request the withdrawal again. It has been 21 hours since my original withdrawal request. I seriously doubt I am going to see my money ever again. And regardless of that, you should not use a broker who has such HUGE spreads. There will be no way for you to make any money with them. You have been warned.
Reply by William-Paxforex submitted Sep 29, 2020:
Please be noted that your withdrawal request was processed within 24 hours from your request as we mentioned that on our website on the withdrawal page about the time of each withdrawal method
feel free to see it here on our website
Besides that your account manager was in constant contact with you by phone and emails and was replying to all your emails exactly after one minute of you sending them, also gave all the required info about the timing and the procedures and confirmed receiving the request with you.
About the spread Paxforex provide a very competitive spread regardless that we don't charge any extra commission for your trading
you can check our spreads on our website page
We understand that the Mini account the spread is higher than the standard account but you were offered a 50% discount for the standard account to enjoy the spread starting from 0.4 but you refused it.
If you will have any future query feel free to contact our support team
Jul 4, 2018,
Registered user

Fraud company

This company is scammer and fraud if u deposit with them say good bye to ur money Becoz u will never get it back.!! So please don't deposit with this company!!!!

Feb 1, 2018 - 1 Star This company is fraud. Please don't invest or open account with this company. I open account and did profit and I did withdraw but they didn't send me my money. This company is thefts they will stolen ur money. Please don't open account with this company. And I'm going to report on this company this company is fraud must be banned.

Reply by William-Paxforex submitted Feb 27, 2018 Dear Mr.Ahmadzi

We appreciate your comment

But as we reviewed your profile with Paxforex the last update we were waiting for your bank confirmation that you didn't receive your funds back.

As from our side, we proceeded your withdrawal on the same day you requested it and got confirmation from the processing system company that the transaction has proceeded

However, we didn't receive any prove from your side that you didn't receive your funds back to your bank account, and all that we got was just Empty emails with bad words which we don't appreciate it at all

We are still waiting for your further communication with our accounting team to solve this issue if you provided us with the proof that was requested before a month ago.

We do not hold clients withdrawals or profits earned. We are an ECN/STP Brokerage striving to provide our clients with the very best solution for online trading.

We look forward to welcoming you back trading with us again soon.



Paxforex Official Representative
Reply by PaxForex Team submitted Jul 18, 2018:
Dear Roomal Ahmadzai

On your part, you have not shown confirmation of the absence of the incoming funds on the account to our manager as we advised, and as such, we can not know for sure whether you received the money or not.
Even with the receipt of funds, you could continue to say that you did not receive them. A statement from the account will address this issue.

If on February 1, you were deceived (like you claimed), then why did you return on May 29th and continued trading, making deposits, several times higher than the initial deposit? And on May 30th, having received a substantial profit, you made a withdrawal using the same method but in the amount of 30 times more than the alleged "lost" sum? You also went ahead and left us a positive feedback. You continued to deposit funds and trade on our platform until July 3, when you lost, because of an incorrectly set SL and TP.

And the next day being July 4, you wrote a negative post on the FPA about the incident that took place six months ago, the details of which are still sketchy.

Roomal, we are always happy to help you with our expertise and service. But do not slander what we do because you lost a trade. In the previous month, you worked well with us and made withdrawals without any problems.

P.S. According to the events described, we have compiled a log of your activities. We choose not post it for privacy reasons.

Best regards,
PaxForex Team
Jan 21, 2018,
Registered user

Fraud company

This company is scam. I did deposit when I did profit they didn't send my profit . This is fraud .
New York, USA,
Jan 7, 2019,
Registered user

Worst broker ever

I 1st started out with them using a EA by a guy I used them for a few months pretty good for so I thought. I loaded my account using my debit card then after a few months I tried to withdrawal I couldn’t get back with my debit so I had to use a bank wire now I put my information in waited 2 weeks and got nothing I then emailed and they told it didn’t go through but these scam artist still took commission fees and never notified me the info was wrong. If I was you I wouldn’t deal with this broker at all not even a little bit run for the hills these guys suck and still having issues trying to get my money out from theses scam artist... they don’t even disclose there bank commission fees????
Reply by William-Paxforex submitted Feb 21, 2019:
Dear Client, We are very sorry for any inconvenience, Please contact us to solve this issue about Your withdrawal, any wire withdrawal can not take more than 15 working days according to banks rules unless you provided wrong wire details, So please contact our accounting department to solve this issue.
Apr 20, 2018,

Terrible execution that wipes out your account

I opened a small account with intent of trading news release. I set up buy and sell stops accordingly on usd/cad this morning. Should be great right...wrong! For a non DD they are slow as ****! The first order was placed about 34 pips above my entry point. Because of that it wiped out my account. I understand about margin, risk etc. But, what should have been a nice gain today turned into a bad loss. I am no genius but not stupid either. They wont do anything about it as it is "my fault". Total b.s. Their system sucks for volatility trading!
Reply by PaxForex Team submitted May 2, 2018:
There is always volatility in the market price whenever negative news circulates. Sometimes the price can pass more than ten points in just a second. This fact most likely influenced your order.

But since you choose this Forex trading strategy, you should be prepared for these risks (by the way, this pair passed about 600 points that day).

However, no matter how volatile the market is, we always execute orders at the best market price.

Best regards,
PaxForex Team
May 31, 2017,
Registered user

Very dishonest broker, will cancel your winning trades to their likes and leave you the losing trades. Don't trade with those scams.

Frequently Asked Questions

Is PaxForex regulated?

PaxForex is a trading name of Laino Group Limited, which is not regulated by any authority, but registered by (FSA) Financial Services Authority in St.Vincent & the Grenadines Registration Number 21973 IBC 2014 1825.

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Instead of swap, a settled commission is applicable on Islamic accounts and it bases on the asset traded and the amount of lots only, not on the interest rate.

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