Comparison of PaxForex’s trading account types and platforms

PaxForex

PaxForex is considered by many traders to be a reliable broker, created by experts in the field to allow clients to invest in conditions rich with opportunities but above all safe in every aspect. PaxForex has always aimed at creating a fair, flexible, and stable trading environment that allows any category of traders to invest with peace and efficiency. Thanks to carefully selected tools and functions, customizable services, and high security standards, the broker aims at the full satisfaction of its clients and a relationship based on trust, essential characteristics for excellent level trading. PaxForex allows trading on: forex, indices, stocks, metals, and crypto (promotional offer).

Strictly regulated, PaxForex is required to respect rules and conditions to protect clients and the invested-deposited capital. Every trader can easily know the commissions to be paid, rules to be respected, and any restrictions by accessing their personal area or contacting the support team.

Following, some of the distinctive features of the broker:

Popular and advanced platform.

PaxForex allows traders to invest through the use of one of the most popular and efficient platforms in the world: MT4. An easy-to-use software that includes cutting-edge tools and functions and allows traders to invest in markets around the world by maximizing every opportunity.

Ultra-fast order execution.

Speed in trading is more than a fundamental factor to be able to react in time on the markets. The data centers in London (Equinix LD4) and New York (Equinix NY4) allow the broker to connect its infrastructures through fiber optic cables to the main exchanges and liquidity providers. This allows clients to operate at lightning speed.

Minimum spreads.

Thanks to advanced technologies dedicated to pricing, the broker updates the prices of available pairs 3 times a second, this guarantees the client to be able to invest with the most up-to-date prices.

Maximum leverage.

Trading with the use of financial leverage allows traders to open positions higher than the actual capital invested. This is made possible by the broker who commits to covering the position “lending” capital to the client who consequently can reap greater benefits from the operation carried out.

Secure and fast deposit and withdrawal transactions.

The broker has committed numerous resources to offer the client an efficient and secure deposit and withdrawal service. 90% of all deposits are made within 7 minutes of the request, while 75% of withdrawals, in less than 30 minutes. All in the utmost transparency.

No commission on deposits.

The broker will not charge commissions on deposits equal to or greater than $300 (except for deposits via bank transfers).

To each trader their own account.

PaxForex offers clients a wide range of accounts to be able to invest. Every client will be able to find the right solution for their needs and invest in the markets to the fullest of their capabilities.

Visit the official PaxForex website

Investing in crypto with PaxForex

Crypto trading is now an established reality that dominates markets around the world. Over 65% of traders invest in this market considered extremely attractive. Highly volatile, extreme liquidity, decentralized are just some of the features that make the crypto market an excellent choice for diversifying the portfolio, managing risks well, and increasing profits.

Compared to ordinary markets that are influenced by numerous factors such as inflation, a country’s economic situation, sudden events, and more, the price of crypto products varies only based on supply and demand. A feature that makes this tool an excellent choice to protect oneself from potential dark times of the markets.

To meet the numerous requests of its traders, the broker has recently started offering investments in cryptocurrencies with the launch of a new promotional event that allows trading on two of the most popular and influential cryptos in the world: Bitcoin and Ethereum.

By participating in the promo, the client will be able to invest in crypto with extremely advantageous conditions. Moreover, by using the tools and functions available on the MT4 platform, the client will have the opportunity to create accurate strategies to maximize the advantage of any operation. The promo is available only on Standard and VIP accounts.

Although the list of available cryptos is not particularly wide at this time, the broker is aware of how advantageous it is for its clients to invest in this market and will provide additional instruments to invest in the future.

Invest in crypto with PaxForex promo

Available accounts with PaxForex

The list of offered accounts is wide and well-structured. Each account has been created with the goal of satisfying a particular category of trader, allowing the client to access an environment fully compatible with their style. Professionals and novice traders can choose the solution best suited to their needs and invest in a wide range of instruments available under favorable conditions for their modus operandi.

Should the trader want to test the selected account without risking funds, they can opt for opening a demo account and invest virtual funds before moving to real trading. Most accounts also have a zero swap version for Muslim clients. The interested trader must request it and provide information that can prove their belief.

The available accounts are as follows:

• Cent Account.
• Mini Account.
• Standard Account.
• VIP Account.

Open a real account with PaxForex

Cent Account

Account created mainly for novice traders who want to start interacting in the markets by investing small amounts of capital and without having to take too many risks. The account offers “prudent” financial conditions with minimum spreads, no trading commissions, and a minimum deposit of only $10, allowing the client to focus on creating strategies to test and improve their style without worrying about excessive losses. Although designed for beginners, the Cent account can also be a great choice for professionals intending to test the offered environment before starting to invest larger volumes.

Open a Cent account with PaxForex

Mini Account

The Mini account has very similar characteristics to the Cent account but presents some differences that make it suitable for beginner traders with a slightly more pronounced risk propensity. Indeed, the account allows a more fluid approach to the markets with a higher minimum deposit of $100, a lot size of 100,000, and lower stop out – margin call. In practice, an account for novices intending to move to a higher level of trading.

Open a Mini account with PaxForex

Standard Account

Account type mainly suitable for professional traders with fair knowledge and experience in the markets, the Standard account offers trading conditions suitable for creating accurate strategies with adequate risk management. On the MT4 platform with a minimum deposit starting from 2000 USD (and up to 9999 USD), zero commissions, and contained spreads, the client can express the maximum of their abilities in the markets around the world.

Open a Standard account with PaxForex

VIP Account

Account type created exclusively for professional traders intending to invest larger volumes, the VIP account has features that allow high-performance trading. The client can create sophisticated trading strategies with careful risk management, through technologically advanced tools and functions and optimal trading conditions such as minimized spreads, free VPS server, and highest order execution priority. Moreover, to further improve their style and quality of trades made, the client can contact their professional Manager through various channels (email, phone, or chat), always available for any eventuality.

Open a VIP account with PaxForex

Comparing the accounts

As mentioned, the list of offered accounts has been created to be compatible with any existing trading style. The client, regardless of their experience level, can choose the account most suited to their needs and trade on the available markets with trading conditions compatible with their modus operandi. By consulting the following comparison table, the trader can more clearly understand which of the available accounts is the right one to trade with.

Open a real account with PaxForex

How to open an account with PaxForex

Opening an account with the broker is simple. The client can enter the necessary information for registration, choose the account to invest in, and verify the provided data in a few minutes. It is important to specify that at the time of registration, the broker will offer the trader two platforms to invest in: allpips and MT4. The first in a web version, requires no download while for MT4 it will be necessary to sign up with the company’s trusted broker (AdroFx).

To register and start trading, just follow these very simple steps:

First Step.

To begin, the trader must visit the official website of the broker and click on the visible icon at the top “Open a trading account”. In the new screen, you will need to fill in the form by entering: name, surname, valid email, phone number, country of residence, city, and address. In the choice of platform, two options will be present: allpips and MT4. Choosing the first, the trader will continue the registration on the main site of the broker, opting for MT4 the new customer will have to open an account with the company’s trusted broker: AdroFx. If the trader opts for the second choice, trading conditions and terms of use will remain unchanged. After entering the necessary information, accept the terms and conditions of use (after reading them carefully) and click on “next step”.

Second Step.

In this step, the customer will need to confirm their email by clicking on the link sent by the broker and proceed to the verification process to prove their identity and country of residence. To do this, they must send a clear, front and back, color photo of a valid identification document (identity card, passport, or driver’s license) and a recent utility bill in the applicant’s name such as electricity, gas, internet, or phone.

Last Step.

If suitable, the new customer can choose the most suitable account for their needs, make the necessary deposit, and start investing.

Open a real account with PaxForex

Available platforms with PaxForex

As already mentioned, the broker offers two platforms to allow traders to actively interact on the markets: allpips and MT4. State-of-the-art software rich in tools and technologically advanced functions, carefully selected to offer the customer a well-structured and high-performance trading environment. Additionally, for traders with specific needs, the broker offers an excellent copy trading system that allows copying strategies of meticulously selected professionals.

MT4

The trading platform par excellence, MT4 is the most popular and used software in the world for investing. Created with the intention of ensuring any category of trader easy interaction on their account and the markets, MT4 offers cutting-edge tools and next-generation functions created to allow the client to structure accurate and effective strategies. The platform features a user-friendly interface suitable for both novice and expert traders and lightning-fast data processing speed, very useful to maximize potential investment opportunities. The main feature of the platform is its complete customization that allows the trader to model the software according to their style and trading needs. MT4 supports automatic trading and allows the client to use free trading robots, create new ones based on their modus operandi, or purchase them in the dedicated store.

• Extremely intuitive user interface suitable for any category of trader.
• Fully customizable: the trader can adapt numerous tools and functions to their style.
• Three main types of charts: bar, candlestick, and line.
• Nine different timeframes to use on the chart.
• Over 50 available and customizable indicators.
• Possibility to use multiple indicators on a single chart.
• Viewing multiple charts simultaneously.
• Fully customizable automatic trading.
• Lightning-fast interaction and data processing speed.
• Minimized spreads.
• Fractional base trading allowed.

MT4 is available on any existing device and is compatible with all operating systems:

• Desktop devices: Mac and Windows.
• Mobile devices: iOS and Android.
• Web version: requires no download and is available on any device with a simple internet connection.

It is important to remember that to use MT4 with PaxForex, the client will have to register with the mentioned trusted broker at the time of registration. To proceed, the customer will need to:

• Select MT4 in the first registration form.
• Access the registration page of AdroFx and sign up.
• Select the MT4 account in their PaxForex client area and enter their AdroFx MT4 account.

Account features, trading conditions, terms, and further benefits offered by PaxForex will remain unchanged despite registration on AdroFx.

Invest on PaxForex MT4 platform

Allpips web platform

Allpips is an innovative web platform extremely popular among traders given its excellent features. The software does not require any download to be used, the client can trade and operate on their accounts simply through an internet connection. Allpips is compatible with any device and offers an easy-to-use interface capable of meeting the needs of both experienced and novice traders. The software allows the investor to create accurate trading strategies using excellent tools and cutting-edge functions such as: well-structured watchlists, multiple windows, various display styles, state-of-the-art charts, a wide range of technical indicators, and much more.

Regardless of opening a demo or real account, the broker will not charge additional costs. Moreover, allpips is a cloud-based platform which ensures the client very high security standards on accounts and operations performed.

Totally free.

Allpips does not present any additional costs. The client can access from any device and interact on the markets with extreme security and transparency.

Efficient Trading Dashboard.

Goal “total control”. The platform allows the trader to access details regarding balance, margin, profit, instruments to trade on, and much more.

Optimal management.

The software interface allows excellent management of one’s account and operations carried out, always and everywhere.

One-click trading

A service that allows the trader to act quickly with a few mouse clicks. Extremely useful for being able to react in time to market variations.

Invest on the allpips PaxForex platform

PaxForex Copy Trading System

Copy trading is practically a service that allows traders to copy in their account the trading strategies created by professionals and reap the same benefits. The innovative copy trading system offered by PaxForex offers numerous solutions suitable for any need. The client will be able to view the list of available professionals and choose the one most compatible with their style. In the screen of the selected professional, the trader can learn about risk propensity, trading preferences, successes achieved, and much more. When the trader decides which Master to copy, all operations carried out by the professional will be automatically copied into the follower’s account. The latter can decide how much to invest and set any functions for risk control. The client will have to pay a commission as a percentage for the copied strategies, which varies depending on the selected Master.

• The system offered by the broker is not only based on discretionary trading but also operates through EAs, trading robots, and Master Traders.
• The Copy Trading system includes a very flexible multiplayer service that allows the trader to open from one to 100 positions. Regardless of the number of open operations, the trader will always have full control and excellent investment management.
• The copy trading service is ideal for clients who do not have the necessary time to devote diligently to their operations. Market analysis, strategy creation, constant monitoring will not be necessary. The client will only have to copy the strategies and wait for the results.

To access the service, just perform the following very simple steps:

First Step.

The trader with a real account must access their account and click on the dropdown menu at the top right and select “follow traders”.

Second Step.

View the characteristics of the available Masters and choose the professional most suited to their needs, click on “Follow”.

Third step.

Set how much you wish to invest.

Last Step.

Wait for the outcome of the copied strategies. If the strategy yields positive results, the client can make profits and pay the commission due to the master.

In case the trader does not have a real account with the broker, they can proceed by clicking here or alternatively can opt for a demo version of the desired account and invest virtual funds before moving to real trading.

Invest with the Copy Trading system offered by PaxForex

Posted by Maria Sanchez

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Maria is an expert of financial markets, bringing all the information from English to Spanish for a better understanding of the online traders. She is also a day trader with experience in developing trading strategies that generate profit while minimizing risk and working under high pressured environment. While being a portfolio manager by herself, she focuses on marketing and consultancy of financial and Insurance products.