Advanced Global Markets
PaxForex
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Overview
Advanced Global Markets was founded in 1992 and is headquartered in Cyprus, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Advanced Global Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while PaxForex is regulated by Financial Services Authority (FSA) among others. Advanced Global Markets serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $500 at Advanced Global Markets and $10 at PaxForex.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 1992 | 2011 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Advanced Global Markets and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $500 at Advanced Global Markets). Both brokers charge withdrawal fees. Advanced Global Markets charges deposit fees; PaxForex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
Advanced Global Markets offers MT4, MT5, cTrader, while PaxForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which Advanced Global Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4 | Web, iPad, mac, Desktop, iPhone iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Advanced Global Markets and PaxForex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. PaxForex scores higher overall in education and research.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Advanced Global Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). PaxForex uniquely supports Skrill and Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Advanced Global Markets and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Advanced Global Markets supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Advanced Global Markets | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |