Ducascopy Bank
PaxForex
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Ducascopy Bank was founded in 1998 and is headquartered in Switzerland, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Ducascopy Bank holds licences including Financial Industry Regulatory Authority (FINRA), while PaxForex is regulated by Financial Services Authority (FSA) among others. Ducascopy Bank serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $5000 at Ducascopy Bank and $10 at PaxForex.
| Feature | Ducascopy Bank | PaxForex |
|---|---|---|
| Min. Deposit | $5000 | $10 |
| Regulation | Financial Industry Regulatory Authority (FINRA), Financial Services Authority (FSA) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 1998 | 2011 |
| Country | Switzerland | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Ducascopy Bank and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $5000 at Ducascopy Bank). Both brokers charge withdrawal fees. PaxForex charges deposit fees; Ducascopy Bank does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Ducascopy Bank | PaxForex |
|---|---|---|
| Min. Deposit | $5000 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Ducascopy Bank offers 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. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | Ducascopy Bank | PaxForex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | JForex, MT4 (via Bridge), ZuluTrade, WebTrader, Binary 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 Ducascopy Bank 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. PaxForex scores higher overall in education and research.
| Feature | Ducascopy Bank | PaxForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Ducascopy Bank 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 | Ducascopy Bank | 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 Ducascopy Bank and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Ducascopy Bank supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Ducascopy Bank | 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 |