ifc markets
PaxForex
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Overview
ifc markets was founded in 2016 and is headquartered in Cyprus, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. ifc markets holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. ifc markets serves 60,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $250 at ifc markets and $10 at PaxForex.
| Feature | ifc markets | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F259 | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2016 | 2011 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 60,000+ | 350+ |
Fees
Fees are a critical factor when choosing between ifc 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 $250 at ifc markets). PaxForex charges withdrawal fees while ifc markets does not, giving ifc markets an edge for frequent withdrawers. ifc markets applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; ifc markets does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | ifc markets | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
ifc markets offers MT5, cTrader, while PaxForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which ifc markets does not offer. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | ifc markets | PaxForex |
|---|---|---|
| MT4 | No | 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 ifc markets and PaxForex compare. PaxForex runs regular live webinars; ifc markets does not. Both provide video tutorials. PaxForex publishes daily market commentary; ifc markets does not. Both integrate third-party research tools. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | ifc markets | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. ifc 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). ifc markets uniquely supports PayPal among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | ifc 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 ifc markets and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. ifc markets supports 8 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | ifc markets | 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 |