Wikilix
Contract reading

What ParoxFX legally published, but does not want you to read

Every clause below is published by ParoxFX itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: ParoxFX LLC

sole discretioncounterpartywithdrawalsdeemed acceptanceforum waiverkyc freezemarketing contradictionno deadlineprofit voidingprop trading

ParoxFX publishes one legal document: a terms and conditions PDF its own website does not link to. Its About Us page, in English and in Persian, says the company is regulated by the FCA in Britain. The contract says you deal with a Saint Vincent and the Grenadines company under Saint Vincent law, and names no regulator. It also lets ParoxFX switch off negative balance protection, freeze every fund and take money from your other accounts. No clause sets a deadline for paying a withdrawal.

Contract risk

Money at risk
8.0/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
16
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
2
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
6

How the 16 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical4
Warning11
Notice1

section 65 of 68is where the deepest clause sits, 96% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

What the documents say

16 clauses worth knowing about, worst first, each quoted from ParoxFX's own files

01

ParoxFX tells readers it is regulated by top tier financial authorities such as the FCA in Britain, in English and in Persian. The contract you sign says you are dealing with a Saint Vincent and the Grenadines company under Saint Vincent law.

Why this matters

You would be relying on a British regulator this contract never names, and on protections it never gives you. If your money goes missing, the only forum the document offers you is in the Caribbean.

Exhibit 1CriticalRarely seen

ParoxFX LLC, a company duly incorporated and existing under the laws of Saint Vincent and the Grenadines, operates as an International Business Company under registration number 3866LLC
Clause Chapter 1 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 4 of 68 in the Terms & Conditions, near the start.

Set against a regulated standard: FCA (UK)

Firms authorised by the FCA appear on the FCA's public register, and their retail clients can take a complaint to the Financial Ombudsman Service for free. ParoxFX LLC contracts as a Saint Vincent and the Grenadines company, and its contract names no financial regulator.

ParoxFX is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingOffshore brokers usually stay vague about supervision. Naming a specific top tier regulator on a page carrying no licence number, while the contract names another country's law, is a different act.

02

Clause 6.2 promises you cannot lose more than the balance in your account. Clause 6.3 lets ParoxFX remove that protection, and use the money in your other accounts to cover the loss, if it decides alone that you or another client abused the policy.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

You could owe ParoxFX money after a loss it calls abusive, and it can settle that from your separate account. The contract sets no test, no notice and no appeal.

Exhibit 3CriticalRarely seen

The Company applies negative balance protection individually to each trading account.
Clause 6.2 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 27 of 68 in the Terms & Conditions, 40% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ESMA (EU)

Under the rules the FCA, CySEC and other European regulators apply to retail CFD accounts, negative balance protection is a duty on each account and the firm cannot disapply it. ParoxFX keeps that decision for itself.

ParoxFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingNegative balance protection is normally a flat guarantee that cannot be withdrawn from a retail client. Making it conditional, and adding a right to sweep your other accounts, turns a consumer protection into something the firm can revoke after the event.

  • Worse together with Exhibit 4You are allowed a second account, and clause 6.3 is what lets a loss on one be paid out of the other.
  • Worse together with Exhibit 7The same conduct that removes the protection is also a ground for freezing every fund in the account.
03

ParoxFX promises to process withdrawals as promptly as possible, then guarantees no processing time at all, in clause 10.3. Clause 14.3 lets it hold your money until its own review is finished.

Why this matters

Nothing here sets an outer limit on the wait, so a withdrawal left unpaid for weeks breaks no promise ParoxFX made. No outside body is named that you could escalate to.

Exhibit 2CriticalHarder than usual

The Company endeavors to process withdrawal requests as promptly as possible; however, no guarantees are made regarding specific processing times.
Clause 10.3 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 40 of 68 in the Terms & Conditions, 59% of the way through.

  • Worse together with Exhibit 10The document check can be reopened at the moment you ask for your money, and that review has no deadline either.
04

Clause 13.3 lets ParoxFX suspend your account and freeze all available funds where it identifies conduct on a list that includes arbitrage across several accounts and bonus abuse. Clause 13.4 lets it cancel all transactions and return money only to the original source.

Why this matters

Your deposit and your profit can both sit frozen while ParoxFX decides, with no time limit and no appeal. Cancelled transactions mean trades you closed at a profit can be undone.

Exhibit 7CriticalHarder than usual

Freeze all available funds,
Clause 13.3 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 55 of 68 in the Terms & Conditions, 81% of the way through.

05

ParoxFX's funding page tells you it does not charge any deposit fees. Clause 10.4 keeps the right to charge for processing a deposit or a withdrawal, and puts every bank and conversion charge on you. No fee schedule is published anywhere.

Why this matters

You cannot work out the cost of getting money in or out before you register, because the numbers exist nowhere. Fail a check and get refunded, and the bank's charges come out of your money.

Exhibit 5WarningHarder than usual

Apply fees for processing deposits or withdrawals,
Clause 10.4 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 41 of 68 in the Terms & Conditions, 60% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client the costs and charges before they trade. ParoxFX publishes no fee schedule and reserves the right to charge on a deposit or a withdrawal.

ParoxFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

ParoxFX can freeze your funds and undo your trades

Clause 6.3 lets ParoxFX withdraw negative balance protection and cover a loss from your other accounts, on its own judgment. Clause 13.3 lets it freeze all available funds, and clause 13.4 lets it cancel all transactions. On the prop side, profit from a trade held under 61 seconds is taken back.

Money already earned1 clause flagged

On a prop account ParoxFX requires 61 seconds between any two trading actions, including between opening and closing the same position. On a funded account it takes out the profit from the trades that broke the rule, and the account fails if that breaches your daily drawdown.

Why this matters

A fast exit in a moving market costs you the gain, though a stop loss firing inside the minute is expressly excused. The penalty is capped at the profit from those trades, which is fairer than most, but the account itself can still go.

Exhibit 16WarningHarder than usual

A minimum interval of 61 seconds is required between any two trading actions (opening a trade, closing a trade, or placing a new order).
Clause 7.1 in Rules
Downloaded from the broker's site on Open the reference

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Challenge stageThe current challenge stage fails immediately.Rule 7
Funded accountOnly the profit from the trades that broke the rule is taken out.Rule 7
Daily drawdown exceededThe funded account is marked as Failed.Rule 7

A 50% bonus with no terms anywhere on the site

ParoxFX advertises a 50% startup bonus on its home page. No bonus terms are published, and the contract mentions bonuses once, in clause 13.3, where abusing one lets the company freeze every fund in the account.

Credit with no rules1 clause flagged

The front page offers you an exclusive 50% startup bonus. No bonus terms are published anywhere, and the only mention of bonuses in the contract is clause 13.3, where abuse of a bonus lets ParoxFX freeze every fund in your account.

Why this matters

You cannot read the rules you would be breaking, because they are not published. Taking the credit exposes your own deposit to a penalty only ParoxFX defines.

Exhibit 6WarningHarder than usual50%

Abuse of bonuses or credit facilities,
Clause 13.3 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference
Our own capture of paroxfx.com, taken on Sep 9, 2026The claim, on English home page promotional slideThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file

Buried at section 55 of 68 in the Terms & Conditions, 81% of the way through.

What it costsA $1,000 deposit with the 50% bonus shows $1,500 in the account. The extra $500 is ParoxFX's credit, and no published document says what you must do to keep it.

  • Only applies after Exhibit 7Bonus abuse is one of the triggers for the freeze clause, so the undefined rule and the freeze work as one mechanism.

Two accounts, and terms that change while you sleep

Two trading accounts are the limit under clause 7.5, and a third lets ParoxFX close the related transactions and return the balances to source. Clause 16.2 lets the company rewrite the agreement at any time without prior notice, with your continued use counted as acceptance.

Standing terms2 clauses flagged

You may hold two trading accounts. Open a third with another email address and clause 7.5 lets ParoxFX close all the related transactions and send the balances back to where the money came from.

Why this matters

Open trades can be closed out at whatever price the market is when ParoxFX acts. Your money returns to the original payment method, not to where you want it.

Exhibit 4WarningHarder than usual2

Each Client is permitted to maintain a maximum of two trading accounts.
Clause 7.5 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 31 of 68 in the Terms & Conditions, 46% of the way through.

Clause 16.2 lets ParoxFX change this agreement at any time and without prior notice, effective the moment it is published. Carrying on trading counts as your acceptance. Chapter 1 promises changes will be communicated to you, which is not what clause 16.2 says.

Why this matters

You are bound by wording you may never see, unless you check the PDF yourself before every session. The document makes watching for changes your own job.

Exhibit 12WarningHarder than usual

The Company reserves the right to amend or update the terms of this Agreement at any time and without prior notice.
Clause 16.2 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 65 of 68 in the Terms & Conditions, 96% of the way through.

  • Worse together with Exhibit 13You accept policies that are not published, and those policies can be rewritten at any time without telling you.

A reasonable timeframe, then arbitration in the Caribbean

Clause 15.2 promises a formal response within a reasonable timeframe and sets no number. ParoxFX names no ombudsman or outside scheme, and clause 15.3 seats arbitration in Saint Vincent and the Grenadines with a final decision.

Complaint route1 clause flagged

Clause 15.2 says ParoxFX will answer a formal complaint within a reasonable timeframe. No number is given and no ombudsman is named. Clause 15.3 sends anything unresolved to arbitration seated in Saint Vincent and the Grenadines, where the decision is final.

Why this matters

If ParoxFX takes months to reply, it has still done what it promised. Going further means paying for arbitration in the Caribbean, in English.

Exhibit 8WarningHarder than usual

The Company is obligated to investigate the matter and provide a formal response within a reasonable timeframe.
Clause 15.2 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 61 of 68 in the Terms & Conditions, 90% of the way through.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must give a final response on a complaint within eight weeks, and the client can then go to the Financial Ombudsman Service at no cost. This contract promises a reasonable timeframe and names no outside body.

ParoxFX is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Two countries for one company, and a transfer clause

Clause 15.4 puts the agreement under Saint Vincent and the Grenadines law, which is ordinary for a company registered there. ParoxFX's own footer places the company in Antigua and Barbuda as well. Clause 16.6 lets it transfer your account to a third party on a merger without asking you.

In plain words

On a principal basis, as your counterparty, means the broker takes the other side of your trade itself. Your loss is then the firm’s gain, so it has an interest in how your trade ends.

Counterparty1 clause flagged

The contract puts every dispute under the law of Saint Vincent and the Grenadines, which is ordinary for a company registered there. ParoxFX's website footer says the company is domiciled in Antigua and Barbuda. Clause 16.6 also lets it hand your account to a third party on a merger.

Why this matters

You cannot tell from these documents which country's authorities would handle a complaint about the firm. ParoxFX can be sold and your account moved with it, while you cannot transfer your side without written consent.

Exhibit 9WarningStandard wording

Conversely, the Company may assign or transfer its rights or obligations to a third party in the event of a merger, acquisition, or corporate restructuring.
Clause 16.6 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 63 of 68 in the Terms & Conditions, 93% of the way through.

The identity check can restart when you ask for money

Clause 10.2 lets ParoxFX demand more documents, or repeat the whole identity and source of funds check, before it processes any deposit or withdrawal. Refusal to cooperate lets it reject or suspend the request, and clause 8.4 lets it restrict the account for information it considers out of date.

Verification1 clause flagged

Clause 10.2 lets ParoxFX ask for more documents, or run the identity and source of funds check again, before it processes any deposit or withdrawal. If it decides you have not cooperated, it can reject or suspend the request.

Why this matters

The check can arrive after months of trading, at the moment you ask for your money. No list limits what can be demanded and no deadline makes ParoxFX finish looking.

Exhibit 10WarningHarder than usual

In case of the Client’s failure to cooperate, the Company reserves the right to reject or suspend the deposit or withdrawal request.
Clause 10.2 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 39 of 68 in the Terms & Conditions, 57% of the way through.

ParoxFX never says whether it takes the other side

Clause 5.1 calls the service execution only, and no clause says whether ParoxFX is the counterparty to your trades. No conflict of interest policy is published. Clause 5.3 states the company may have used the information in its research before publishing it, and gives no promise that all clients see it at once.

Who you trade against1 clause flagged

Clause 5.1 describes an execution only service, and nothing in the document says whether ParoxFX is the counterparty to your trades or passes them on. No conflict of interest policy is published. Clause 5.3 admits the company may have used its own research before publishing it to you.

Why this matters

You cannot tell whether ParoxFX profits when you lose, because the document does not say. Its own prices are the only reference point you get.

Exhibit 11WarningHarder than usual

(d) The Company may have utilized the information contained in these materials before publication. No guarantee is made that all Clients will have simultaneous access to the information provided.
Clause 5.3 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 23 of 68 in the Terms & Conditions, 34% of the way through.

180 days without a trade ends a prop account

ParoxFX's Rules page marks any prop account as Failed after 180 consecutive days with no trades, and says so for challenge accounts and funded accounts alike. The brokerage contract has no dormancy clause and no inactivity fee, so this rule lives only on a web page.

In plain words

Dormancy means an account left unused.

Dormancy1 clause flagged

ParoxFX's Rules page says an account with no trades for 180 consecutive days counts as inactive and is marked as Failed. It applies to challenge accounts and to funded accounts, both of which you pay for.

Why this matters

A funded account you earned, or a challenge fee you paid, is written off after six quiet months. The rule sits on a web page that can be edited at any time, not in a dated document.

Exhibit 15WarningHarder than usual180 days

If no trades are executed for 180 consecutive days (6 months), the account will be considered inactive and will be marked as Failed.
Clause Rule 1 in Rules
Downloaded from the broker's site on Open the reference

One document published, four more taken as agreed

Clause 16.1 folds an anti money laundering policy, a privacy policy and an order execution policy into your agreement, and Chapter 2 points you to a risk disclosure on the website. None of the four is published. The contract itself is a PDF that the footer and the sitemap do not link to.

The document set2 clauses flagged

Clause 16.1 makes the anti money laundering policy, the privacy policy and the order execution policy part of your agreement. Chapter 2 sends you to a general risk disclosure document on the website. None of those four exist, and the footer and sitemap do not link to the contract either.

In plain words

Supersedes means beats: where two documents disagree, that one wins.

Why this matters

You are agreeing to terms nobody can read, including the policy that governs how your trades are executed. The one contract that does exist sits at a file address you would have to know in advance.

Exhibit 13WarningHarder than usual

This document, together with all its appendices, attachments, and related policies (such as the Anti-Money Laundering Policy, Privacy Policy, Order Execution Policy, and others), collectively represents the complete and final agreement between the Company and the Client and supersedes any prior oral or written agreements or understandings.
Clause 16.1 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Buried at section 64 of 68 in the Terms & Conditions, 94% of the way through.

The definitions say your money sits in segregated accounts, separate from ParoxFX's own funds, and may be pooled with other clients. Nothing in the document names a bank, an auditor or a compensation scheme that would pay you if the company failed.

Why this matters

Segregation only helps you if somebody outside the firm checks it. With no scheme named, a failure of ParoxFX leaves you as an ordinary creditor of a Caribbean company.

Exhibit 14NoticeStandard wording

Client Funds: The funds deposited by the Client into their trading account, maintained in segregated accounts separated from the Company’s own funds.
Clause Chapter 4 in Terms & Conditions
Read from the broker's site on Archived copyOpen the reference

Where it sits: section 17 of 68 in the Terms & Conditions, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC hold retail money under client money rules with regular reconciliation, and their clients are covered by a compensation scheme if the firm fails. This contract states that accounts are segregated and names no scheme.

ParoxFX is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

Persian readers are told a British regulator stands behind the company, while the contract is with a Saint Vincent and the Grenadines company that names no regulator.

Said in public, in Persian

قوانین و مقررات این شرکت توسط مقامات مالی درجه یک مانند FCA در بریتانیا تنظیم شده است.

Word for word in English: The rules and regulations of this company are set by top tier financial authorities such as the FCA in Britain.

Persian About Us page, under the heading Who We Are

In the contract · clause Chapter 1

ParoxFX LLC, a company duly incorporated and existing under the laws of Saint Vincent and the Grenadines, operates as an International Business Company under registration number 3866LLC

02

The page claims FCA regulation while the contract puts every relationship under Saint Vincent and the Grenadines law and mentions no British authority.

Said in public, in English

Regulated by top-tier financial authorities such as FCA in the UK, the company is celebrated for its transparency, reliability, and dedication to exceptional customer service.

English About Us page, under the heading Who We Are

In the contract · clause 15.4

This Agreement, along with all relationships between the Client and the Company, shall be governed by and construed in accordance with the laws of Saint Vincent and the Grenadines.

03

The funding page states there are no deposit fees, and the contract keeps the right to charge for processing one.

Said in public, in English

ParoxFX does not charge any deposit fees

English Funding Methods page, e-wallet card

In the contract · clause 10.4

Apply fees for processing deposits or withdrawals,

04

The Persian page promises no deposit fee, while the contract puts every bank charge and conversion charge on the client.

Said in public, in Persian

ParoxFX هیچ‌گونه کارمزدی برای واریز دریافت نمی‌کند

Word for word in English: ParoxFX does not charge any fee for deposits.

Persian Funding Methods page, e-wallet card

In the contract · clause 10.4

Additionally, any banking fees or currency conversion charges (if applicable) shall be borne by the Client.

05

The footer places the company in a second country that the contract never mentions.

Said in public, in English

ParoxFX LLC is incorporated in Saint Vincent and the Grenadines and domiciled in Antigua and Barbuda as an International Limited Liability Company with registration number 3866LLC.

Site wide footer notice on the English home page

In the contract · clause 15.4

This Agreement, along with all relationships between the Client and the Company, shall be governed by and construed in accordance with the laws of Saint Vincent and the Grenadines.

06

A bonus is offered on the front page while the contract's only bonus rule makes abusing one a ground to freeze your funds, and no bonus terms are published.

Said in public, in English

Get a head start with our exclusive 50% startup bonus!

English home page promotional slide

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of paroxfx.com

In the contract · clause 13.3

Abuse of bonuses or credit facilities,

The documents this reading is based on

2 files, all published by ParoxFX. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording ParoxFX publishes.

How this reading was done

Every clause above was read out of a document ParoxFX publishes itself

This reading was published on .

Documents
1 of 2downloaded from the broker's site, and one read in full
Pages opened
83pages walked to find those documents, footer links included
Older copies
1earlier versions downloaded, 1 identical to the copy we hold by fingerprint
Marketing pages
6public pages set against what the contract says
Languages
EN vs FAthe language it advertises in, against the language it contracts in
Position measured
14clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

ParoxFX LLC

You contract with ParoxFX LLC. Chapter 1 calls it a company incorporated under the laws of Saint Vincent and the Grenadines, operating as an International Business Company under registration number 3866LLC. Its office is given as Euro House, Richmond Hill Road, Kingstown. In the contract's own words that number is a company registration number, not permission to run a brokerage, and no financial regulator is named anywhere in the document. The website footer adds that the company is domiciled in Antigua and Barbuda, a country the contract never mentions.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

Parts of this contract work in your favour. Clause 6.2 applies negative balance protection to each account, so an ordinary losing trade cannot take you below zero. There is no dormancy clause and no inactivity fee anywhere in the document. Clause 10.4 says any deposit or withdrawal fee has to be told to you before the transaction runs. Arbitration under clause 15.3 is an option rather than a duty, and nothing waives your right to go to court or to join a group claim. The prop rulebook is also specific about penalties: on a funded account only the profit from the trade that broke the rule is taken.

ParoxFX publishes one legal document, the terms and conditions PDF, and we read it end to end. The privacy policy, the anti-money laundering policy, the order execution policy and the general risk disclosure that the contract itself names are not on the website, so nobody can read them. We read the prop trading rules on ParoxFX's own Rules page, rules 1, 4 and 7 in full and the rest in outline. We did not see inside the client portal or the prop portal, so any wording shown to you at sign-up is not covered here. No Persian, Arabic or Turkish version of the contract exists, and every marketing claim quoted here comes from a page we opened ourselves.

How to check any of this yourself

Every quote above links to the ParoxFX file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document ParoxFX publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge ParoxFX on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 9, 2026.

If you represent ParoxFX and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on ParoxFX. Whether its licence is real and current is a separate check on the broker profile.

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