PaxForex Review 2026
The full PaxForex write-up for Philippines traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Philippines
| Regulator | FSA FSA, Seychelles Financial Services Authority (FSA) |
| Licence Number | SD061 |
| Regulated Entity | PaxForex Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $10 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 150+ |
| Platforms | MT4 |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Cooks under FSA (licence SD061). Cover charge $10. In Philippines, forex leverage is capped at 1:500.
About PaxForex
PaxForex opened its doors in 2010 out of a kitchen in Victoria, Seychelles. Its menu runs to 150 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by PaxForex Ltd under FSA.
In Philippines, PaxForex serves as PaxForex Ltd, cleared by FSA under licence number SD061. Under FSA house rules, Philippines traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- FSA regulated, licence SD061
- 150+ instruments to trade
- Negative balance protection in Philippines
- Platforms: MT4
- Founded in 2010 (16 years operating)
- EUR/USD spread from 0.0 pips on raw/ECN accounts
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is PaxForex regulated?
Yes. PaxForex is authorised by FSA, issued to the entity PaxForex Ltd, an authorisation you can look up for yourself on the official FSA public register.
What is the minimum deposit for PaxForex in Philippines?
The cover charge is $10, the smallest amount Philippines traders need to open a live account with PaxForex under FSA rules.
What leverage does PaxForex offer in Philippines?
In Philippines, FSA rules cap PaxForex at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is PaxForex safe to trade with?
The kitchen passes inspection: PaxForex cooks under FSA. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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