Forex account types
The reliability of a brokerage company, which acts as an intermediary in the Forex market, is
determined by various factors. Wrong choice of such a company for a trader can lead to serious
problems in the form of loss of funds.
Therefore, it is worth taking seriously the question of where to open a trading account. Today,
the review will consider Forex broker PaxForex, all its advantages and disadvantages. But the
choice is always left to the user!
On the basis of the trading platform PaxForex offers its customers the following types of
Into each type of account is involved a specific set of options, which hekp to optimize trading.
So, we will consider each type of account separately to determine which group of traders is
suitable for one or another type of account.
Mini or Cent account is good for novice trader, because for the start is enough to have only 10
USD. it's easy to reduce risks here to minimum.
Those who want to test a trading strategy, will for sure find this account suitable.
Standard or VIP accounts is for traders with experience.
Additionally, on any of the presented types of accounts you can use the services of “Personal
Manager” and personal training.
For Standard type account is enough to deposit 2000 USD. As for VIP account, this sum is
In strategies for trading with fixed spreads is an account of the type FIX. Here all is created for
trading with fixed spreads from 2 points, in micro lots. There is also a wide list of assets, which
will make the whole trading procedure easy and understandable. To open an account of type
FIX, it is enough to deposit 100 USD.
PaxForex provides its customers with the opportunity to earn money by attracting customers.
Forex broker PaxForex clients have only one platform available. This terminal MetaTrader 4,
which is widely known among traders. This platform is available for almost every broker who is
set to work seriously in the services sector in the financial markets.
Does this terminal have any additional features that the company under study offers? No, all
parameters, functions and plugins have standard values. Therefore, for those who are looking for
exclusive plug-ins from brokers on MT4, MTrading broker will be interesting.
The company offers several options for using the MT4 terminal. The main application is a
computer program. It has all the standard settings, built-in indicators, etc. In addition, traders can
use the mobile application to install on any gadget. Web terminal is not offered to customers.