Bittrex
PaxForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Bittrex was founded in 2010 and is headquartered in South Korea, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Bittrex holds licences including Securities and Exchange Commission (SEC), while PaxForex is regulated by Financial Services Authority (FSA) among others. Bittrex serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $100 at Bittrex and $10 at PaxForex.
| Feature | Bittrex | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2010 | 2011 |
| Country | South Korea | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Bittrex and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $100 at Bittrex). PaxForex charges withdrawal fees while Bittrex does not, giving Bittrex an edge for frequent withdrawers. Bittrex charges deposit fees; PaxForex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Bittrex | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Bittrex 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 Bittrex does not offer. The two brokers are closely matched on platform offering.
| Feature | Bittrex | PaxForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MetaTrader 4, cTrader Platform | 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 Bittrex 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. The two brokers are evenly matched on educational content.
| Feature | Bittrex | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Bittrex 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 | Bittrex | 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 Bittrex and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Bittrex supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Bittrex | 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 |