Forex Financial Services
PaxForex
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Overview
Forex Financial Services was founded in 2008 and is headquartered in Australia, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Forex Financial Services holds licences including Australian Securities and investment Commission (ASIC), while PaxForex is regulated by Financial Services Authority (FSA) among others. Forex Financial Services serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $2500 at Forex Financial Services and $10 at PaxForex.
| Feature | Forex Financial Services | PaxForex |
|---|---|---|
| Min. Deposit | $2500 | $10 |
| Regulation | Australian Securities and investment Commission (ASIC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2008 | 2011 |
| Country | Australia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Forex Financial Services and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $2500 at Forex Financial Services). PaxForex charges withdrawal fees while Forex Financial Services does not, giving Forex Financial Services an edge for frequent withdrawers. Forex Financial Services charges deposit fees; PaxForex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Forex Financial Services | PaxForex |
|---|---|---|
| Min. Deposit | $2500 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
Forex Financial Services offers MT4, 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. The two brokers are closely matched on platform offering.
| Feature | Forex Financial Services | 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, 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 Financial Services and PaxForex compare. PaxForex runs regular live webinars; Forex Financial Services does not. PaxForex has a video library; Forex Financial Services does not. PaxForex publishes daily market commentary; Forex Financial Services does not. PaxForex integrates third-party research tools (Trading Central, Autochartist); Forex Financial Services does not. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | Forex Financial Services | PaxForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Forex Financial Services 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 Financial Services | 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 Financial Services and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Forex Financial Services supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Forex Financial Services | 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 |