Nadex
PaxForex
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Overview
Nadex was founded in 2008 and is headquartered in USA, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. Nadex holds licences including Unregulated, while PaxForex is regulated by Financial Services Authority (FSA) among others. Nadex serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $250 at Nadex and $10 at PaxForex.
| Feature | Nadex | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Unregulated | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2008 | 2011 |
| Country | USA | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between Nadex 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 Nadex). PaxForex charges withdrawal fees while Nadex does not, giving Nadex an edge for frequent withdrawers. Nadex applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; Nadex does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | Nadex | PaxForex |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | Yes | No |
Platforms
Nadex offers 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. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | Nadex | PaxForex |
|---|---|---|
| MT4 | No | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web,iPad,mac,Desktop,iPhoneiOS | 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 Nadex and PaxForex compare. PaxForex runs regular live webinars; Nadex does not. PaxForex has a video library; Nadex does not. PaxForex publishes daily market commentary; Nadex does not. PaxForex integrates third-party research tools (Trading Central, Autochartist); Nadex does not. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | Nadex | PaxForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | 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. Nadex 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 | Nadex | 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 Nadex and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. Nadex supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | Nadex | 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 |