Degiro
PaxForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Degiro was founded in 1934 and is headquartered in Netherlands, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Degiro holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. Degiro serves 600,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $0 at Degiro and $10 at PaxForex.
| Feature | Degiro | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Regulation | Financial Conduct Authority (FCA), The Netherlands Authority for the Financial Markets (AFM), The Dutch Central Bank (DNB) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 1934 | 2011 |
| Country | Netherlands | Saint Vincent and the Grenadines |
| Clients | 600,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Degiro and PaxForex, directly affecting your bottom line as a trader. Degiro has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Degiro does not, giving Degiro an edge for frequent withdrawers. PaxForex charges deposit fees; Degiro does not. The two brokers are broadly comparable on fee structure.
| Feature | Degiro | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Degiro 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 Degiro does not offer. The two brokers are closely matched on platform offering.
| Feature | Degiro | 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 | 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 Degiro and PaxForex compare. PaxForex runs regular live webinars; Degiro does not. Both provide video tutorials. PaxForex publishes daily market commentary; Degiro 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 | Degiro | 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. Degiro 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 | Degiro | 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 Degiro and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Degiro supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Degiro | 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 |