About PaxForex
Company Overview
PaxForex is an online forex and CFD broker that was established on January 11, 2018, according to regulatory records. The company is registered in China, though it claims to be domiciled in Saint Vincent and the Grenadines. PaxForex operates the website paxforex.com and maintains a presence on social media platforms such as Facebook and Twitter/X.
As a relatively new entrant in the forex brokerage space, PaxForex targets retail traders seeking access to global currency and CFD markets. However, the broker's exact operational history and ownership structure remain unclear due to limited publicly available information.
Regulatory Status
PaxForex is not subject to any form of financial regulation. Our verification process has confirmed that there are no valid regulatory licenses associated with this broker. This means that PaxForex operates without oversight from a recognized financial authority, such as the FCA, CySEC, or ASIC.
Trading with an unregulated broker carries significant risks, including a lack of investor protection, no recourse to a compensation scheme, and no guarantee of fair trading practices. Traders should be fully aware of these risks before considering any engagement with PaxForex.
Risk Profile
FXCanary has assigned PaxForex a Scam Risk Score of 85 out of 100, indicating a severe risk level. This assessment is based primarily on the complete absence of regulation and the lack of verifiable information about the company's operations. Unregulated brokers have been known to engage in practices such as trade manipulation, refusal to process withdrawals, and sudden closure.
Given this risk profile, we strongly advise extreme caution or avoidance. Traders who choose to proceed should only deposit funds they are prepared to lose entirely, and should not rely on this broker for significant trading capital.
Overview compiled by FXCanary from regulatory records and public data. full PaxForex review