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PaxForex

Operating status: SCAM

Website: https://paxforex.org/

Broker violations and abnormal records
  • Sep 27, 2020 The FBI has seized the PaxForex.com domain name
    The domain for paxforex.com has been seized by the Federal Bureau of Investigation in accordance with a seizure warrant issued by the United States District Court for the Southern District of Texas. But then PaxForex is still operating under PaxForex.org.
    The domain for paxforex.com has been seized by the Federal Bureau of Investigation in accordance with a seizure warrant issued by the United States District Court for the Southern District of Texas. But then PaxForex is still operating under PaxForex.org.
  • Aug 31, 2021 BrokersView has reviewed that PaxForex is an unregulated forex broker
    PaxForex claims to be registered in Saint Vincent and the Grenadines, but we didn’t find any result in the registers of Saint Vincent and the Grenadines’ Financial Services Authority (SVG FSA). Besides, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So PaxForex is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
    PaxForex claims to be registered in Saint Vincent and the Grenadines, but we didn’t find any result in the registers of Saint Vincent and the Grenadines’ Financial Services Authority (SVG FSA). Besides, the SVG FSA does not issue any licenses for forex trading or brokerage nor does it regulate, monitor, supervise or license international companies engaging in such activities. So PaxForex is currently not regulated by any financial regulator. That means investors’ funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.