IronFX
PaxForex
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Overview
IronFX was founded in 2010 and is headquartered in Cyprus, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. IronFX holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. IronFX serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $500 at IronFX and $10 at PaxForex.
| Feature | IronFX | PaxForex |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Regulation | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2010 | 2011 |
| Country | Cyprus | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between IronFX and PaxForex, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $500 at IronFX). PaxForex charges withdrawal fees while IronFX does not, giving IronFX an edge for frequent withdrawers. IronFX charges deposit fees; PaxForex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | IronFX | PaxForex |
|---|---|---|
| Min. Deposit | $500 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | No |
Platforms
IronFX 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 | IronFX | 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, Mac, Mirror Trader, 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 IronFX and PaxForex compare. PaxForex runs regular live webinars; IronFX does not. Both provide video tutorials. PaxForex publishes daily market commentary; IronFX 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 | IronFX | 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. IronFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while PaxForex supports 4 (bank transfer, credit/debit card, Skrill, Neteller). PaxForex uniquely supports Skrill and Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | IronFX | PaxForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both IronFX and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. IronFX supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | IronFX | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |