ForexVox
PaxForex
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Overview
ForexVox was founded in 2019 and is headquartered in UK, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. ForexVox holds licences including Financial Conduct Authority (FCA) in the United Kingdom, while PaxForex is regulated by Financial Services Authority (FSA) among others. ForexVox serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $0 at ForexVox and $10 at PaxForex.
| Feature | ForexVox | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Regulation | Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028 | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2019 | 2011 |
| Country | UK | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between ForexVox and PaxForex, directly affecting your bottom line as a trader. ForexVox has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). Both brokers charge withdrawal fees. PaxForex charges deposit fees; ForexVox does not. The two brokers are broadly comparable on fee structure.
| Feature | ForexVox | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
ForexVox offers MT4, MT5, 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 | ForexVox | PaxForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5 | 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 ForexVox and PaxForex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. PaxForex integrates third-party research tools (Trading Central, Autochartist); ForexVox does not. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | ForexVox | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | 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. ForexVox accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). ForexVox uniquely supports PayPal among the two brokers. ForexVox scores higher on deposit and withdrawal flexibility.
| Feature | ForexVox | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both ForexVox and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. ForexVox supports 4 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | ForexVox | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Russian, Indonesian, Malaysian | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |