NordFX
PaxForex
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Overview
NordFX was founded in 2008 and is headquartered in Mauritius, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. NordFX holds licences including VFSC (15008), while PaxForex is regulated by Financial Services Authority (FSA) among others. NordFX serves 10,000+ clients worldwide; PaxForex has 350+. Both brokers share the same minimum deposit of $10.
| Feature | NordFX | PaxForex |
|---|---|---|
| Min. Deposit | $10 | $10 |
| Regulation | VFSC (15008) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 2008 | 2011 |
| Country | Mauritius | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between NordFX and PaxForex, directly affecting your bottom line as a trader. Both require a minimum deposit of $10. PaxForex charges withdrawal fees while NordFX does not, giving NordFX an edge for frequent withdrawers. NordFX applies inactivity fees on dormant accounts; PaxForex does not. PaxForex charges deposit fees; NordFX does not. The two brokers are broadly comparable on fee structure.
| Feature | NordFX | PaxForex |
|---|---|---|
| Min. Deposit | $10 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
NordFX offers MT4, MT5, 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 | NordFX | PaxForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, 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 NordFX and PaxForex compare. PaxForex runs regular live webinars; NordFX does not. Both provide video tutorials, including advanced content. PaxForex publishes daily market commentary; NordFX does not. PaxForex integrates third-party research tools (Trading Central, Autochartist); NordFX does not. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | NordFX | PaxForex |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | 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. NordFX 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 | NordFX | 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 NordFX and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. NordFX supports 13 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | NordFX | PaxForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Russian, Chinese, Arabic, Hindi, Bengali, Farsi, Indonesian, Thai, Sinhalese, Vietnamese, Malay | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian |