PaxForex Review 2025
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Updated:
Reason to avoid: No License
Listed Date: September 14, 2018
Top 3 Forex Brokers
Beware PaxForex Review is a Non-Regulated broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: No License
Listed Date: September 14, 2018
Beware PaxForex Review is a Non-Regulated broker. It is NOT SAFE to trade.
PaxForex has been suspected as a scam broker. The company is registered in St. Vincent and the Grenadines, an offshore zone, and does not hold any authorization or license to perform financial services. Even though it is mentioned about many jurisdictions are restricted to open a trading account with PaxForex.
Due to its situated office, PaxForex does not hold any authorization or regulation licenses from world-recognized financial authorities.
🗺️ Registered in | St. Vincent and the Grenadines |
🗺️ Type of License | Offshore License |
🛡️ Is PaxForex safe to trade | No |
🗺️ Recommended Licenses | FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
PaxForex operates under the brand name PaxForex and is a brokerage firm that provides online currencies and CFDs trading services. PaxForex review is about a company Laino Group Ltd which is a brand name established and registered in St. Vincent and the Grenadines financial investment firm.
Notwithstanding by the fact that the PaxForex company does provide an attractive selection of account types that might suit the need of beginning and seasoned traders, the sum of the above and the non-licensed company nature impacts in a negative recommendation of account opening.
Besides, the negative reviews and much of disappointed traders by the broker’s provided operations releases the question, is it really a good idea to trade with the PaxForex Broker? It is absolutely clear that financial investment involving high risks and it is at the paramount priority to reduce risks as much as possible.
Due to our finds and issues on PaxForex regulations and safety, we do not rank positively PaxForex, based on our Expert Opinion with over 10 Years of experience in Forex Trading.
Ranking | PaxForex | FP Markets | Pepperstone |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Conditions | Trading Instruments |
Regarding our research results and PaxForex safety issues we revealed, here are much better Alternatives to PaxForex with good regulations and excellent conditions. We select Good Brokers and trustworthy options for your comparison below:
PaxForex offers straightforward facilities to perform fast online deposits and withdrawals. The broker supports multiple currencies and a wide range of deposit/withdrawal methods, including bank transfers, credit/debit cards, WebMoney, Perfect money.
We strongly advise opening a trading account only with brokers that are regulated by respected world authorities that comply with the required set of rules and have a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as FP Markets and Eightcap.
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PAX is a complete scam operation. You will NEVER see your money again!