Forex EE
PaxForex
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Overview
Forex EE was founded in 2008 and is headquartered in Grenadines, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Forex EE holds licences including Ministry of Economic Affairs in Estonia, while PaxForex is regulated by Financial Services Authority (FSA) among others. Forex EE serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $100 at Forex EE and $10 at PaxForex.
| Feature | Forex EE | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Ministry of Economic Affairs in Estonia | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2008 | 2011 |
| Country | Grenadines | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Forex EE 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 Forex EE). Both brokers charge withdrawal fees. PaxForex charges deposit fees; Forex EE does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Forex EE | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Forex EE offers 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 Forex EE does not offer. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | Forex EE | PaxForex |
|---|---|---|
| MT4 | No | 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 Forex EE and PaxForex compare. PaxForex runs regular live webinars; Forex EE does not. Both provide video tutorials. PaxForex publishes daily market commentary; Forex EE 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 | Forex EE | 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. Forex EE 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 | Forex EE | 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 Forex EE and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Forex EE supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Forex EE | 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 |