FP Markets
PaxForex
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Overview
FP Markets was founded in 2005 and is headquartered in Australia, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. FP Markets holds licences including Australian Securities and Investment Commission (ASIC), while PaxForex is regulated by Financial Services Authority (FSA) among others. FP Markets serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $100 at FP Markets and $10 at PaxForex.
| Feature | FP Markets | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Regulation | Australian Securities and Investment Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2005 | 2011 |
| Country | Australia | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between FP Markets 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 FP Markets). PaxForex charges withdrawal fees while FP Markets does not, giving FP Markets an edge for frequent withdrawers. FP Markets charges deposit fees; PaxForex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | FP Markets | PaxForex |
|---|---|---|
| Min. Deposit | $100 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
FP Markets 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 | FP Markets | 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, MT5, IRESS, Mac, Web 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 FP Markets 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 | FP Markets | 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. FP Markets 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). FP Markets uniquely supports PayPal among the two brokers. FP Markets scores higher on deposit and withdrawal flexibility.
| Feature | FP Markets | 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 FP Markets and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex offers multilingual support. Both brokers are comparable on support quality.
| Feature | FP Markets | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | Not available | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |