Alfa Forex
PaxForex
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while PaxForex is regulated by Financial Services Authority (FSA) among others. Alfa Forex serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $0 at Alfa Forex and $10 at PaxForex.
| Feature | Alfa Forex | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2011 | 2011 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and PaxForex, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). Both brokers charge withdrawal fees. Alfa Forex applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; Alfa Forex does not. The two brokers are broadly comparable on fee structure.
| Feature | Alfa Forex | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while PaxForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Alfa Forex | 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 Alfa Forex and PaxForex compare. PaxForex runs regular live webinars; Alfa Forex does not. Both provide video tutorials. PaxForex publishes daily market commentary; Alfa Forex does not. Both integrate third-party research tools. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | Alfa Forex | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex 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 | Alfa Forex | 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 Alfa Forex and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Alfa Forex supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Alfa Forex | 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 |