Core Spreads
PaxForex
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Overview
Core Spreads was founded in 2014 and is headquartered in London, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Core Spreads holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. Core Spreads serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $1 at Core Spreads and $10 at PaxForex.
| Feature | Core Spreads | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Regulation | Financial Conduct Authority (FCA) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2014 | 2011 |
| Country | London | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Core Spreads and PaxForex, directly affecting your bottom line as a trader. Core Spreads has a lower barrier to entry with a minimum deposit of $1 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Core Spreads does not, giving Core Spreads an edge for frequent withdrawers. Core Spreads charges deposit fees; PaxForex does not. The two brokers are broadly comparable on fee structure.
| Feature | Core Spreads | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Core Spreads 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 Core Spreads does not offer. The two brokers are closely matched on platform offering.
| Feature | Core Spreads | 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 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 Core Spreads and PaxForex compare. PaxForex runs regular live webinars; Core Spreads does not. Both provide video tutorials. PaxForex publishes daily market commentary; Core Spreads 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 | Core Spreads | 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. Core Spreads 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 | Core Spreads | 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 Core Spreads and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Core Spreads supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Core Spreads | 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 |