Review of PaxForex Broker Services

DayFunded is committed to providing traders with expert broker reviews, helping traders navigate the world of Forex trading around the globe. Today, we turn our focus towards PaxForex, a foreign exchange broker operated by Laino Group Limited.

PaxForex: An Overview

PaxForex, established by Laino Group Limited, has been providing forex trading services since 2011. With a mission to provide a high level of service, this broker has grown to become quite popular. Their average rating is 8.7, indicating a high level of customer satisfaction. However, it's worth noting that PaxForex does not currently allow US traders.

Account and Trading Features

PaxForex offers a minimum account size of just $10, making it highly accessible to traders of all income levels. The minimum position size is 0.1, which is an approachable minimum even for novice traders.

One of their standout features is the low spreads, which can significantly improve a trader's overall profit margin. However, PaxForex does not offer what we term 'serious regulation,' which may present concerns for some traders prioritizing security and accountability.

Max leverage details weren't available - traders are advised to inquire with PaxForex directly for this specific data.

The broker features several unique and useful benefits, including:

• Trading by Phone: This service provides flexibility for those who prefer placing trades away from their computer.
• Free Education: An excellent opportunity, particularly for beginners who wish to improve their trading skills.
• Virtual Private Server (VPS): This can be useful for traders who use automated trading systems.
• Segregated Accounts: Funds are kept in separate accounts for added security.
• Trading Contests: For competitive traders, these contests can introduce a fun and interactive element.
• Personal managers: A useful resource for traders requiring a more hands-on approach to their trading strategy.
• Bonuses: Bonuses offer additional incentives for trading with PaxForex.

Conclusion

In conclusion, while PaxForex does have its restrictions, such as non-availability to U.S traders and lack of serious regulation, they offer an array of appealing features. The low minimum account size and position, combined with a suite of benefits like free education, personal managers, and bonuses, make it an interesting choice for traders.

As always, we encourage potential traders to contact PaxForex directly for details on the broker's leverage and any other inquiries.

Stay tuned to DayFunded for more broker reviews and trading insights!

Disclaimer: Forex trading involves risk, and it is possible to lose more money than you initially deposit. Please trade responsibly.

(Note: This review is based on the available information at the time of writing. We strive for accuracy, but details may vary, and it's advisable to contact the broker directly for the most current information.)