PaxForex Review – What You Need to Know
In this PaxForex review, you’ll learn about the different trading accounts you can open and how to get a free MT4 demo account. You’ll also discover whether or not PaxForex offers a Swap-free trading account. Finally, you’ll learn about the blog bonus that PaxForex offers. Hopefully, this review will help you find a trading platform that suits your needs.
PaxForex offers a free MT4 demo account.
If you haven’t already, you can open a free demo account with PaxForex to practice on MT4. This demo account is provided with virtual trading funds and allows you to test your skills before you commit to using real funds. You can fund your demo account using VISA, MasterCard, FasaPay, Local Bank Transfer, Neteller, PerfectMoney, and WebMoney. Deposits and withdrawals are processed from 0900 to 18:00 on working days. Withdrawals by credit/debit card and e-wallet are processed quickly and efficiently but can take several days, depending on your method.
If you’re interested in trading foreign currencies, PaxForex offers 60 currency pairs, cryptocurrencies (including Bitcoin) via CFDs and over 40 share CFDs. In addition, the platform is available for mobile operating systems, including Windows, iOS, and Android. Other features of the MT4 platform include various research tools, a daily economic calendar, a forex calculator, and a pip calculator.
It offers five different trading accounts.
Whether you’re new to forex trading or have years of experience, Paxforex has the right trading account for you. The VIP Forex Account is designed specifically for professional traders who want low spreads and a dedicated account manager. However, this account type can also benefit beginners and small traders. While spreads are low on this account type, commissions and fees are high. However, Paxforex’s commissions and spreads are competitive.
Traders can choose from various trading accounts, starting with a $10 minimum deposit and progressing to a VIP account with a minimum deposit of $50,000. Each account has one-to-five leverage and some of the lowest spreads in the industry. PaxForex’s account spreadsheet is easily understandable, and their MT4 platform is easy to use. Demo accounts are also available, so traders can practice trading without putting real money on the line.
A PaxForex account comes with virtual trading funds that you can use to practice and learn the ropes before going live. Deposits can be made using a credit card, debit card, or local bank transfer. Withdrawals can be made anytime between 9 am and 11 pm CET on any workday. In addition, PaxForex’s Customer Support Team is available via email and phone around the clock to answer any questions that you may have about the platform or your account.
It offers a Swap-free account.
If you’re a newbie to forex trading, you can open a demo account with PaxForex. You can specify the virtual currency you want to trade, from as little as $1 to a maximum of $1 billion. This account is a great way to test the platform and learn about the different available trading strategies. If you’re a professional trader, you can opt for a VIP account with a minimum opening deposit of $50000. However, PaxForex recommends opening a VIP account with a minimum deposit of $10000. A VIP account is specifically designed for large volume professional traders and includes a personal account manager. In addition, you can request a Swap-free account, which you can open for a standard, mini, or VIP account.
PaxForex is a forex broker company with offices in several countries. It is a member of the Liano Group and provides services to the European Forex market. It is registered under Saint Vincent and the Grenadines (SVG FSA). It also has offices in the UK and other countries. The company’s mission is to provide customers with a streamlined trading experience that is both convenient and efficient.
It offers a blog bonus.
If you have a blog, you can earn extra money with PaxForex. This bonus is available to blogs that have over 5000 visitors per month. However, the blog must be written in English and have at least 1500 words. Before, PaxForex only offered free prizes through their Roulette program, where traders would enter their email and spin the wheel. They would not need to provide any other information to receive the prize if they won.
In addition to the blog bonus, PaxForex offers a rebate program. This rebate program pays IBs from the profits of their trades. PaxForex also offers a demo account for people who want to test the waters before making a deposit. The demo account is available for an unlimited time, but inactive accounts for 90 days will be deactivated. Traders can also take advantage of PaxForex’s 100% loyalty deposit bonus. This bonus matches up to $10,000 of your deposits and is paid monthly over twelve months. Finally, PaxForex also occasionally offers a no-deposit welcome bonus. Before trading, though, be sure to read the terms and conditions.