What is Paxton Trade?
Paxton Trade is a forex and CFD broker based in Mauritius, listed with a foundation year of 2020. It offers leverage up to 1:100, spreads from 0.1 pips and a minimum deposit of $1,000. Clients trade on MetaTrader4 for Android, iOS, Windows, and MAC and on mobile.
Paxton TRade is an online Trading broker that trades on assets like Stocks, Indices, Commodities, and Bonds. Clients can explore more than 300 financial products with this broker. It is based on the MetaTrader4 Webtrader platform. Besides being a webtrader, it also has software for Mobile phones and computers. All of these are based on MetaTrader4. This is a multilingual website with the support of 3 different languages.
Paxton Trade: Key Facts
Paxton Trade is offering three types of accounts to their clients. Demo, Standard, and Elite are these three categories of accounts. All of these accounts come with 24/5 customer support. All these three accounts can be operated from any of the platforms this broker is available./ The Demo account is free. It does not require any deposit for activation and this account will get $100,000 virtual money. The Standard account requires a minimum deposit of $1000. This account supports multiple currencies. It comes with trading tools. The Elite account comes with a personal trading assistant. It needs $10,000 of minimum deposit to be activated. Just like the standard account, this account also supports multiple currencies and it also comes with a personal trading assistant.
This broker is providing some trading tools so that clients can make the best investment choices with the help of their trading tools and resources. Public holidays, Rollover, and Dividends are these trading tools. Market news and Glossary are also included in the trading tools list.
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DIDIMAX- Official website: Paxton Trade
Is Paxton Trade safe and regulated?
Paxton Trade is regulated by Paxton Trade has no regulatory license. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Paxton Trade account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $1,000 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Paxton Trade provides MetaTrader4 for Android, iOS, Windows, and MAC, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.1 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Paxton Trade supports 2 funding methods, including Bank Transfers, Credit card/ Debit card. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
Paxton Trade bonus: <p>This broker is not providing any welcome bonus</p>
How the promotion works
The current Paxton Trade promotion is <p>This broker is not providing any welcome bonus</p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Paxton Trade website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Paxton Trade pros and cons
Pros
- Raw spreads from 0.1 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $1,000 minimum deposit is higher than some rivals
- No Islamic account listed
How to open a Paxton Trade account
- RegisterVisit the Paxton Trade website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $1,000 with Bank Transfers, Credit card/ Debit card.
- Start tradingLog in to MetaTrader4 for Android, iOS, Windows, and MAC or the mobile app and set your risk per trade.
Is Paxton Trade a good broker? Our verdict
Paxton Trade suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.