WikiFX

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As a trader with years of experience, one of the first things I look for in any broker is transparent information about account minimums and deposit procedures. When evaluating PAXOS, I found that there is a significant lack of clarity regarding the minimum deposit required to open a live trading account. The available information does not specify a minimum deposit amount for individual traders, which for me raises some immediate flags about openness and reliability. This is especially concerning given that established, reputable brokers typically state such basics clearly. Even more troubling are the broader risks associated with PAXOS: the company is not regulated by any major financial authority, and there are multiple public reports of users experiencing withdrawal issues, frozen funds, and poor customer service. For me, these points are not minor inconveniences—they are critical warnings in the forex and crypto landscape, where client protections are paramount. The absence of clear deposit minimums, combined with unaddressed regulatory concerns and serious user complaints, makes me personally very cautious. If I don’t know the minimum required to fund an account, I strongly question the safety of making any deposit at all. In my opinion, proceeding with a broker lacking such basic transparency is extremely risky.