• Company name:  Laino Group Ltd. PaxForex
  • Registration Address/ License: St. Vincent and the Grenadines. No License.

About PaxForex
🗺️ Registered inSt. Vincent and the Grenadines
🗺️ Type of LicenseOffshore License
🛡️ Is PaxForex safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

Is  PaxForex a regulated forex broker or a scam?

No, PaxForex is not safe to trade with it. PaxForex is an unregulated broker. 

PaxForex review is about a company Laino Group Ltd and is a brand name of the established and registered in St. Vincent and the Grenadines financial investment firm.

The broker claims to run an office in the UK, which is not, for instance, a case, and offers a wide selection of trading opportunities to trade on Forex, Stocks, Options and CFDs through an STP/ ECN connectivity to the liquidity providers.

In fact, the company partners with Total Capital Forex Promotions (Pty) Ltd and other companies that are located in various jurisdictions, but do not serve itself any other office than its headquarter in known offshore zone St. Vincent and the Grenadines.

PaxForex Review

Due to its situated office, PaxForex does not hold any authorization or regulation licenses from the world recognized financial authorities.

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.

That’s why trading with the Regulated Brokers increases the reliability timely since the company is constantly watched by the respected authority.

The world leading watchdogs including companies regulated by ASIC, BaFIN or FCA, thus it is a much smarter idea to engage in trading with the regulated brokers.

Notwithstanding by fact that the PaxForex company do provide an attractive selection of account types that might suit the need of beginning and seasoned traders, the sum of the above and non-licensed company nature impacts in a negative recommendation of account opening.

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