AvaTrade
PaxForex
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. AvaTrade holds licences including Central Bank of Ireland, while PaxForex is regulated by Financial Services Authority (FSA) among others. AvaTrade serves 200,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $250 at AvaTrade and $10 at PaxForex.
| Feature | AvaTrade | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2006 | 2011 |
| Country | The British Virgin Islands | Saint Vincent and the Grenadines |
| Clients | 200,000+ | 350+ |
Fees
Fees are a critical factor when choosing between AvaTrade and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $250 at AvaTrade). PaxForex charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. PaxForex charges deposit fees; AvaTrade does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | AvaTrade | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
AvaTrade 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 | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | 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 AvaTrade and PaxForex compare. PaxForex runs regular live webinars; AvaTrade does not. Both provide video tutorials. PaxForex publishes daily market commentary; AvaTrade 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 | AvaTrade | 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. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). AvaTrade uniquely supports PayPal among the two brokers. PaxForex uniquely supports Skrill among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |