Paxton Trade hosts a very simple, yet aesthetically pleasing website. The company holds a license in an offshore nation of Mauritius. Some contact information is given, consisting of company HQ address, email and a phone number.
Unfortunately, the larger bit of the iceberg is always below the surface. There is another website operated by a company with uncanny similarities, and these guys don’t play nice at all. Stay with our Paxton Trade Review to find out more about who these people are, and how their company functions.
paxton.trade
Paxton Trade is a licensed offshore broker, regulated by FSC Mauritius. Their authorization number is C118023614, and the company is incorporated in Suite 403, 4th Floor, The Catalyst Building, Cybercity, Ebene, Mauritius.
More details on company authorization can be found here:
However legitimate this business may be they’re still regulated only by loose Tier 3 regulatory framework which doesn’t suffice when it comes to protection of funds. Moreover, there is an uncanny resemblance between paxtontrade.com and another domain, paxton.trade. These firms share the same logo, trading name and even the general website design as well as aesthetic.
The problem is, paxton.trade is owned by a known fraudulent entity, Trinity Capital LLC. A scam warning was issued on 555markets.com, a domain owned by Trinity Capital LLC; take a look:
It has also come to our attention that recently, Paxton Trade, the operator of paxtontrade.com, has changed their parent company from Sphere Management Ltd to Mantaray Management Ltd. The website was not updated to reflect on this change.
We suspect that Paxton Trade (paxtontrade.com) and Paxton Trade Limited (paxton.trade) are the same entity. The dissimilarities between parent companies, as well as discrepancies in their legal information are additional complications intended to prevent the clients from understanding the true nature of their business.
Drawing from our experience with these kinds of brokers, they are most likely mirror companies – one being the fallback in case the other takes the heat from regulators.
Neither the paxtontrade.com nor paxton.trade domains have almost any online presence whatsoever. The first website is so simple, it would be unrealistic to consider it anything other than a placeholder.
We are hearing from a growing number of people that they have lost assets to a company named Paxton Trade. What they have in common is that they have been phoned by a person presenting themselves as a Paxton Trade employee, calling to solicit investments in forex trading.
In the con artist circles, these are known as Boiler Room Agents. Their job is to find more investors, or better said victims, and bring them to the platform.
If you have been contacted by such an agent, or if you have deposited funds to Paxton Trade, you may rely on our legal experts to help you in resolving any issues.
The first online footprint of Paxton Trade dates back to 2018. The launch dates of both paxton.trade and paxtontrade.com domains are separated by a few days. This deepens our suspicions of foul play even more.
The company offers their services to a number of different regions. These nations have the largest number of Paxton Trade clients:
The other software is MetaTrader4 which Paxton Trade does not openly advertise. The reason for this might be licensing problems with MetaQuotes, or simply because the people behind Paxton Trade prefer the Web Trader. It’s suspicious either way.
Paxton Trade offers trading a number of different CFDs. Again, we will be discussing the conditions on paxton.trade, seeing how paxtontrade.com holds no information whatsoever.
These are the trading instruments offered by the broker:
Paxton Trade offers a couple of different trading accounts. These can be found on paxton.trade only, as with other information about the brokerage. The different accounts could be considered competitive to other brokerages, were it not for the higher deposit costs.
These are the live trading accounts and their minimum deposits:
We could not find a way to create a Paxton Trade login, however, and test the trading environment first hand. The account creation is not available on the website, and the MT4 account creation was blocked for unknown reasons.
Paxton Trade offers a demo account to their clients. Unfortunately, it is not available for all trading programs employed by the broker. We were unable to finalize a demo account creation for the MT4 platform, however, as the option was grayed out and unavailable.
Accessing the MT4 platform at paxton.trade revealed that the tightest spreads started at 2 Pips, for the EUR/USD currency pair. Other trading instruments have spreads as loose as 12 Pips, for AUD/NZD. Although not unheard of, it is still pricey compared to the current industry average of 1 Pips.
The company charges rollover fees, or swaps. These can be changed at the company’s own discretion, as stated in the Terms and Conditions. An example of such a fee is given to be $0.017 per standard lot. Leverage is said to be 1:500, but the MT4 account creation page does not go over 1:200.
For any issues with Paxton Trade withdrawals, you may rely on our legal expertise to help you recover your lost assets.
Paxton Trade is a business that leads a double life. One of their domains is somewhat legit but offshore, that being paxtontrade.com. The other engages in some rather shady practices, and this is the paxton.trade domain. With such a labyrinthine network of different company names, nations of incorporation, constant ownership shifts and different domains, it might be difficult to withdraw your profits.
If you encounter a problem with Paxton Trade Withdrawals, contact our team of recovery experts via the live chat on our website. Our first consultation is free of charge, so why wait?
Paxton Trade is incorporated in Mauritius, at Suite 403, 4th Floor, The Catalyst Building, Cybercity, Ebene.
Paxton Trade is a brokerage regulated by FSC, which is a Tier3 regulator.
Paxton.trade offers a Web Trader, as well as MetaTrader4 for both desktop and mobile users.
Contact Paxton Trade customer support to resolve any issues with withdrawals. If your problems persist, you may turn to our legal experts for help in asset recovery.
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