PaxForex Review 2026
Full PaxForex review for South Africa traders — regulation, spreads, fees and our honest verdict.
Regulation in South Africa
| 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
Regulated by FSA (licence SD061). Minimum deposit $10. In South Africa: maximum forex leverage 1:500.
About PaxForex
PaxForex was founded in 2010 and is headquartered in Victoria, Seychelles. The broker offers 150 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by PaxForex Ltd under FSA.
In South Africa, PaxForex operates as PaxForex Ltd, authorised by FSA under licence number SD061. South Africa traders are subject to a maximum leverage of 1:500 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD061
- 150+ instruments to trade
- Negative balance protection in South Africa
- Platforms: MT4
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is PaxForex regulated?
PaxForex holds FSA licence SD061, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for PaxForex in South Africa?
The minimum deposit is $10. This is the amount required to open a live trading account for traders in South Africa under FSA regulation.
What leverage does PaxForex offer in South Africa?
In South Africa, PaxForex offers maximum forex leverage of 1:500 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is PaxForex safe to trade with?
PaxForex is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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