Do not trust
20 out of 100 · 77% checked
Our investigation confirmed it is a scam, and our investigation found it is a confirmed scam.
Capped at 20 · Confirmed scam
We checked PaxForex on 2026-10-26 across its company record, client terms, trading offer and service, and could verify 77% of its record. The score was held at 20 because our investigation confirmed it is a scam. What would move the score: policy risk, critical clauses, withdrawal rails. Our published investigation found it is a confirmed scam, with 12 years of track record. Its client terms have not been reviewed yet.
Score last calculated 2026/10/26
Wikilix independent safety report
Yes. PaxForex shows the hallmarks of a scam, and we assess the risk of fraud as high. A United States federal court permanently banned its operator, Laino Group Limited, from trading, soliciting and…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about PaxForex: its history, the licences it holds, its trading conditions and its fees.
PaxForex is an online forex and CFD broker operated by Laino Group from Saint Vincent and the Grenadines, trading through . It offers MetaTrader 4 as its only platform, four funded account tiers starting at 10 USD, leverage of up to 1:500 on every tier and a swap free option granted on request. No confirmed financial regulation was found for the broker, and that is the single most important thing to understand about it before funding an account.
No. There is no confirmed financial regulation for PaxForex: no licence from any financial regulator is on record for the broker, and its own pages advertise none.
According to the broker's own published information, the operating company Laino Group Limited is registered in Saint Vincent and the Grenadines under company number 21973 IBC 2014, at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. That is a company registration and nothing more. An international business company registration records that a company exists; it is not a financial services licence, it brings no conduct supervision, and no compensation or deposit protection scheme follows from it.
Laino Group is the company name PaxForex trades under, so the brand and the company should not be read as two separate businesses. Separately, an Australian company carrying the same group name, RAGUSA LAINO GROUP PTY LTD, registered number 602442446 and incorporated on 21 October 2014, is recorded as dissolved. Nothing on the current PaxForex website refers to that company.
No evidence of financial regulation, segregated client money or an independent dispute route was found for PaxForex, so a deposit would rest on the company's own undertakings. Three specific gaps bear directly on that:
The present website is also recent: its own pages carry publication dates of 25 to 27 July 2026, so the site a visitor sees today is considerably newer than the brand on it.
PaxForex publishes four funded tiers plus a swap free account. All of them are capped at the same 1:500 leverage, so they differ by entry cost, spread floor and what is bundled with them rather than by leverage.
Gold and silver are available on all four funded tiers; share CFDs only on Standard and VIP. The broker advertises more than 60 currency pairs alongside CFDs on stocks, futures and precious metals. A free demo account is also offered.
Spreads are variable and the advertised floor depends entirely on the tier: 0.4 pips on Standard and VIP, 1.4 on Mini and 2.4 on Cent. No trading commission applies on the funded tiers. The swap free Islamic account is the exception, where its financing charge stands in for the swap.
Past that point the cost disclosure is thin. PaxForex states that it adds no deposit fee of its own, and that it refunds the card processor's or payment system's fee on deposits of 300 USD or above, bank transfers excluded. It publishes no withdrawal fee, no inactivity fee and no fee schedule of any kind, so the full cost of moving money in and out cannot be established from the broker's own pages. A virtual private server is charged at 25 USD a month on Cent, Mini and Standard, and is included on VIP.
MetaTrader 4 is the only platform PaxForex offers: a Windows desktop terminal, iPhone, iPad and Android builds, and a MultiTerminal build for running several accounts at once. MQL4 expert advisors are supported on every tier. There is no MetaTrader 5, no cTrader and no proprietary or browser based terminal, and the broker publishes no download link of its own.
PaxForex names three funding routes and no more: bank transfer, credit and debit cards, and electronic payment systems. It names no individual payment brand anywhere on its site, and publishes no minimum or maximum amount per route, no per method processing time and no list of withdrawal methods. There is no crypto funding.
Its only speed claim is brand wide rather than per channel: the broker says 90% of deposits are processed within 7 minutes and that 75% of withdrawals reach the client in under 30 minutes. Those are proportions rather than commitments, and no processing time is published for any individual method.
Two deposit promotions are advertised: a 100% loyalty bonus matching deposits of 1,200 USD or more and paid out across a year, and a 200 USD no deposit bonus whose funds can only be withdrawn after more than 200 USD of profit in a single month, five lots traded and a full month elapsed.
PaxForex advertises support 24 hours a day, 5 days a week, and names live chat, Skype, email, a call back request and telephone as its channels. In practice its contacts page carries a single web enquiry form and nothing else. No telephone number, email address, chat window or social media link appears anywhere on the site, so that form is the only contact route a visitor can actually use.
Strengths. A genuinely low entry point at 10 USD on the Cent tier, with micro volumes and a free demo for testing a strategy or an expert advisor. Leverage of 1:500 is available on every tier, a swap free option can be requested, and no trading commission applies to the funded accounts.
Limitations. No confirmed financial regulation and no licence on record. No client agreement, terms or privacy policy published. A funding offering described only in general terms, with no named payment provider, no amount limits and no fee schedule. A single platform, with no download link. Contact details absent from the site although five support channels are advertised. And an original domain that now returns a law enforcement seizure notice.
PaxForex is a low entry cost offshore broker: 10 USD opens a real account, leverage runs to 1:500 on every tier, and MetaTrader 4 does the work. What it does not put behind those terms is any of the usual structure. No financial regulator licence is on record, the Saint Vincent registration the broker publishes is corporate rather than supervisory, and the documents that would ordinarily govern the client relationship are not published at all. The most important consideration before funding an account is therefore that the withdrawal terms, fees and limits are stated nowhere on the broker's website, and would have to be established with the broker directly.
8 full-page captures of PaxForex's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for PaxForex. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for PaxForex. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
5 account types on record. Minimum deposit from USD 10. Leverage up to 1:500.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| CentCent | USD 10 | 1:500 | Information not available |
| MiniMini · Cent | USD 100 | 1:500 | Not recorded |
| StandardStandard | USD 2,000 | 1:500 | Not recorded |
| VIPVIP | USD 10,000 | 1:500 | Not recorded |
| IslamicIslamic · Swap-Free | Not recorded | Not recorded | Settled financing charge instead of swap, based on the asset traded and the number of lots, not on the interest rate |
Where PaxForex says it will and won't take clients
No country restrictions on record. We looked and found nothing published — which is not the same as being open to everyone. Check PaxForex's terms.
3 ways to fund an account. 3 with no deposit fee.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Bank TransferBank TransferFrom the home page block "Zero Commission on Deposit": the broker does not apply any deposit fees of its own, all fees are charged by the card processor or the electronic payment system, and it refunds those fees on deposits of 300 USD or above, except for bank transfers. The site publishes no bank transfer processing time, fee schedule or amount limits, and names no bank or payment brand. Its only timing claim is brand-wide: 90% of deposits processed within 7 minutes and 75% of withdrawals reaching the client in under 30 minutes. | Free | Not recorded | USD 1 | Not recordedNot recorded | Up to 2 days |
Credit/Debit CardCredit CardFrom the home page block "Zero Commission on Deposit". The time shown is the broker's brand-wide claim (90% of deposits processed within 7 minutes, 75% of withdrawals reaching the client in under 30 minutes), not a published figure for cards. The broker does not describe card deposits as instant. The site names no card scheme and publishes no card fee, amount limit or card withdrawal detail. | Free | Not recorded | USD 1 | Not recordedNot recorded | Up to 1 hour |
E-walletsE-WalletThe broker names "electronic payment systems" as a funding route on its home page and, on its account-opening page, says a deposit can be made online "by using our electronic payment system" (https://paxforex.org/forex-trading-account). No wallet brand is named anywhere on the site, and no fee, amount limit or e-wallet processing time is published. The time shown is the broker's brand-wide claim of 90% of deposits within 7 minutes and 75% of withdrawals in under 30 minutes. | Free | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 hour |
One trading platform on record: MetaTrader 4.
The broker's only platform. A Windows desktop terminal plus mobile builds for iPhone, iPad, iPod and Android, with MQL4 expert advisors and a MultiTerminal build for managing several accounts at once. The site publishes no download link.
4 domains on record. 3 active.
One legal entity behind the PaxForex brand.
PaxForex names Laino Group Limited as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what PaxForex offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about PaxForex
Yes, PaxForex advertises two promotions. A 100% loyalty bonus matches deposits of 1,200 USD or more and is paid out across a year, and a separate 200 USD no deposit bonus is also offered. The no deposit bonus cannot be withdrawn until more than 200 USD of profit has been made in a single month, five lots have been traded and a full month has elapsed.
Yes, PaxForex offers a free demo account. It presents its Cent tier as the step up from it, with volumes from 0.0001 lots so a strategy or an expert advisor can be tested with real money at low risk. The site also mentions a contest account, but publishes no page describing it.
Spreads at PaxForex are variable, and the floor depends on the account tier: 0.4 pips on Standard and VIP, 1.4 pips on Mini and 2.4 pips on Cent. The broker publishes no average or typical spread, only these advertised minimums.
PaxForex advertises more than 60 currency pairs alongside CFDs on stocks, futures and precious metals. Gold and silver are available on all four funded tiers, while share CFDs are limited to the Standard and VIP accounts. No cryptocurrency trading is advertised.
PaxForex publishes no withdrawal processing time for any individual payment method, and no list of withdrawal methods at all. Its only speed claim is brand wide: the broker says 75% of withdrawals reach the client in under 30 minutes, and that 90% of deposits are processed within 7 minutes. Those are proportions rather than commitments, and no withdrawal fee or amount limit is published.
Yes. PaxForex grants a swap free account on request on its Mini, Standard and VIP tiers, and describes it as being for Muslim clients. Instead of an overnight swap it applies a settled financing charge, based on the asset traded and the number of lots rather than on an interest rate. The broker publishes no separate minimum deposit or leverage for it.
PaxForex publishes four funded tiers and a swap free account: Cent from 10 USD, Mini from 100 USD, Standard from 2,000 USD, VIP from 10,000 USD, and an Islamic account granted on request. Every tier is capped at the same 1:500 leverage, so they differ by entry cost, spread floor and extras rather than by leverage. Share CFDs, personal training and a named account manager start at the Standard tier.
MetaTrader 4 only. PaxForex offers it as a Windows desktop terminal with iPhone, iPad and Android builds, plus a MultiTerminal build for running several accounts at once, and MQL4 expert advisors are supported on every account tier. There is no MetaTrader 5, no cTrader and no browser based terminal, and the broker publishes no download link of its own.
PaxForex is operated by Laino Group. According to the broker's own published information the company is Laino Group Limited, registered in Saint Vincent and the Grenadines under number 21973 IBC 2014, at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. An Australian company carrying the same group name, RAGUSA LAINO GROUP PTY LTD, registered number 602442446, is recorded as dissolved, and the current website does not refer to it.
The lowest minimum deposit at PaxForex is 10 USD, on its Cent account. The other funded tiers start at 100 USD for Mini, 2,000 USD for Standard and 10,000 USD for VIP. The broker also prints a recommended deposit for each tier that sits well above the minimum, from 100 USD on Cent up to 50,000 USD on VIP.
PaxForex advertises support 24 hours a day, 5 days a week, and names live chat, Skype, email, a call back request and telephone as its channels. In practice its contacts page carries a single web enquiry form and nothing else: no telephone number, email address or chat window is published anywhere on the site, and the site links no social media profile. That form is the only contact route a visitor can actually use.
No trading commission applies on PaxForex's four funded account tiers. The swap free Islamic account is the exception: instead of an overnight swap it carries a settled financing charge, calculated from the asset traded and the number of lots rather than from an interest rate. Spreads are variable, starting at 0.4 pips on the Standard and VIP tiers and 2.4 pips on Cent.
PaxForex names three funding routes: bank transfer, credit and debit cards, and electronic payment systems. It names no individual payment brand anywhere on its site, and publishes no amount limits, no fee schedule and no per method processing time. There is no crypto funding. The broker states it adds no deposit fee of its own and refunds the card processor's or payment system's fee on deposits of 300 USD or above, bank transfers excluded.
No. There is no confirmed financial regulation for PaxForex: no licence from any financial regulator is on record for the broker, and its own pages advertise none. The Saint Vincent and the Grenadines registration the broker publishes, company number 21973 IBC 2014 in the name of Laino Group Limited, is a company registration rather than a financial services licence, and it brings no conduct supervision or compensation scheme with it.
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