FreshForex
PaxForex
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. FreshForex holds licences including SVGFSA 20623 IBC 2012, while PaxForex is regulated by Financial Services Authority (FSA) among others. FreshForex serves 710,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $1 at FreshForex and $10 at PaxForex.
| Feature | FreshForex | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Regulation | SVGFSA 20623 IBC 2012 | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2004 | 2011 |
| Country | Russia | Saint Vincent and the Grenadines |
| Clients | 710,000+ | 350+ |
Fees
Fees are a critical factor when choosing between FreshForex and PaxForex, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $10 at PaxForex). PaxForex charges withdrawal fees while FreshForex does not, giving FreshForex an edge for frequent withdrawers. PaxForex charges deposit fees; FreshForex does not. The two brokers are broadly comparable on fee structure.
| Feature | FreshForex | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while PaxForex supports MT4, MT5, cTrader. 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 | FreshForex | PaxForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | 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 FreshForex 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); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. PaxForex scores higher overall in education and research.
| Feature | FreshForex | 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. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | FreshForex | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | 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 FreshForex and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |