CMC Markets
PaxForex
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Overview
CMC Markets was founded in 1989 and is headquartered in UK, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. CMC Markets holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. CMC Markets serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $200 at CMC Markets and $10 at PaxForex.
| Feature | CMC Markets | PaxForex |
|---|---|---|
| Min. Deposit | $200 | $10 |
| Regulation | Financial Conduct Authority (FCA) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 1989 | 2011 |
| Country | UK | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between CMC 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 $200 at CMC Markets). Both brokers charge withdrawal fees. CMC Markets applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; CMC Markets does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | CMC Markets | PaxForex |
|---|---|---|
| Min. Deposit | $200 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
CMC 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 CMC Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | CMC 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 | Web Trader, Binary, 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 CMC 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. The two brokers are evenly matched on educational content.
| Feature | CMC Markets | 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. CMC 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 | CMC 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 CMC Markets and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. CMC Markets supports 8 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | CMC Markets | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, German, French, Polish, Spanish, Swedish, Italian, and Norwegian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |