PaxForex

This broker does not accept traders from United States.

PaxForex is an offshore ECN/STP broker offering forex and CFDs. Traders can access a range of popular markets on the MT4 and AllPips platforms, with high leverage up to 1:500. However, the brokerage has come under fire in recent years for violating federal securities law in the US.

Instruments:

Forex, stocks, indices, metals, cryptocurrencies

Demo Accounts:

✔

MetaTrader 4:

✔

MetaTrader 5:

✘

cTrader:

✘

STP Account:

✘

ECN Account:

✘

DMA Account:

✘

Margin Trading:

✘

Social Trading:

✔

Copy Trading:

✘

Islamic Account:

✔

Min. Deposit	$10
Min. Trade	0.0001 Lots
Regulated By	FSA
Mobile Apps	Yes

CFD

Trade CFDs on indices, commodities and other popular asset classes with leverage up to 1:500. You can also access minimum lot sizes of 0.0001 in the Cent account, though spreads are much wider at 2.4 pips.

FTSE Spread	9
GBPUSD Spread	0.5
Oil Spread	N/A
Stocks Spread	Variable
Leverage	1:500

Forex

PaxForex offers 60 currency pairs with minimum spreads from 0.4 pips. However, traders must deposit $2000 to access tight spreads which is disappointing and doesn't rival competitors.

GBPUSD Spread	0.5
EURGBP Spread	1.5
EURUSD Spread	0.4
Assets	60

Cryptos

Only 4 major crypto assets are available, which doesn't compete with other brands. Due to legal disputes in the US, we urge traders to consider a regulated crypto broker instead.

Coins	BTC, ETH, LTC, XRP
Spread	From 3 pips