Paxton Trade Review
http://paxton.trade/
Paxton Trade is an offshore forex broker established around 2018, claiming to be regulated by the Financial Services Commission (FSC) of Mauritius under license number C 118023614. However, several reliable sources indicate that this regulatory status is questionable:
Recent public notices from FSC Mauritius state that Paxton Trade Limited has surrendered its Global Business License and Investment Dealer (Broker) License, which implies it no longer holds an active FSC license.
The broker's corporate background shows ownership changes and a lack of transparency, raising concerns about its regulatory compliance and operational legitimacy.
It primarily offers forex, commodities, indices, and stocks trading through various platforms.
Paxton Trade has been flagged by some watchdogs and appears in certain lists warning against its use.
Additionally, Paxton UK Limited, a separate entity, was previously registered with the UK's FCA but is now listed as no longer approved. There are also warnings against Paxton Trade regarding unlawful operation in multiple jurisdictions.
Summary:
Paxton Trade formerly licensed in Mauritius, but license surrendered and inactive
Ownership and regulatory compliance concerns; lacks valid tier-1 regulation
Offers common trading instruments but with elevated risk due to regulatory uncertainty
Traders advised to avoid due to regulatory red flags and potential fraudulent operations
In conclusion, Paxton Trade is an untrustworthy broker with no active regulation, substantial compliance issues, and high risk of fraud. Investors should avoid engaging with it and instead seek brokers with valid, strong regulatory status to ensure fund safety
Paxton Trade is an offshore forex broker established around 2018, claiming to be regulated by the Financial Services Commission (FSC) of Mauritius under license number C 118023614. However, several reliable sources indicate that this regulatory status is questionable:
Recent public notices from FSC Mauritius state that Paxton Trade Limited has surrendered its Global Business License and Investment Dealer (Broker) License, which implies it no longer holds an active FSC license.
The broker's corporate background shows ownership changes and a lack of transparency, raising concerns about its regulatory compliance and operational legitimacy.
It primarily offers forex, commodities, indices, and stocks trading through various platforms.
Paxton Trade has been flagged by some watchdogs and appears in certain lists warning against its use.
Additionally, Paxton UK Limited, a separate entity, was previously registered with the UK's FCA but is now listed as no longer approved. There are also warnings against Paxton Trade regarding unlawful operation in multiple jurisdictions.
Summary:
Paxton Trade formerly licensed in Mauritius, but license surrendered and inactive
Ownership and regulatory compliance concerns; lacks valid tier-1 regulation
Offers common trading instruments but with elevated risk due to regulatory uncertainty
Traders advised to avoid due to regulatory red flags and potential fraudulent operations
In conclusion, Paxton Trade is an untrustworthy broker with no active regulation, substantial compliance issues, and high risk of fraud. Investors should avoid engaging with it and instead seek brokers with valid, strong regulatory status to ensure fund safety
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