freetrade
PaxForex
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Overview
freetrade was founded in 2016 and is headquartered in United Kingdom, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. freetrade holds licences including Financial Conduct Authority. Registered in England and Wales (no. 09797821), while PaxForex is regulated by Financial Services Authority (FSA) among others. freetrade serves 890,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $0 at freetrade and $10 at PaxForex.
| Feature | freetrade | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Regulation | Financial Conduct Authority. Registered in England and Wales (no. 09797821) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2016 | 2011 |
| Country | United Kingdom | Saint Vincent and the Grenadines |
| Clients | 890,000+ | 350+ |
Fees
Fees are a critical factor when choosing between freetrade and PaxForex, directly affecting your bottom line as a trader. freetrade has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). PaxForex charges withdrawal fees while freetrade does not, giving freetrade an edge for frequent withdrawers. PaxForex charges deposit fees; freetrade does not. The two brokers are broadly comparable on fee structure.
| Feature | freetrade | PaxForex |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
freetrade offers MT4, MT5, cTrader, a proprietary platform, 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. freetrade edges ahead on platform breadth and functionality in our scoring.
| Feature | freetrade | 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, Mac, ZuluTrade, Web Trader, cTrader, 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 freetrade 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. The two brokers are evenly matched on educational content.
| Feature | freetrade | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. freetrade 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). freetrade uniquely supports PayPal among the two brokers. freetrade scores higher on deposit and withdrawal flexibility.
| Feature | freetrade | 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 freetrade and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. freetrade supports 8 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | freetrade | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |