OANDA
PaxForex
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Overview
OANDA was founded in 1996 and is headquartered in United States, Canada, while PaxForex was established in 2011 and is based in Saint Vincent and the Grenadines. OANDA holds licences including Financial Conduct Authority (FCA), while PaxForex is regulated by Financial Services Authority (FSA) among others. OANDA serves 10,000+ clients worldwide; PaxForex has 350+. The minimum deposit is $1 at OANDA and $10 at PaxForex.
| Feature | OANDA | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 |
| Founded | 1996 | 2011 |
| Country | United States, Canada | Saint Vincent and the Grenadines |
| Clients | 10,000+ | 350+ |
Fees
Fees are a critical factor when choosing between OANDA and PaxForex, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $10 at PaxForex). PaxForex charges withdrawal fees while OANDA does not, giving OANDA an edge for frequent withdrawers. PaxForex charges deposit fees; OANDA does not. The two brokers are broadly comparable on fee structure.
| Feature | OANDA | PaxForex |
|---|---|---|
| Min. Deposit | $1 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
OANDA offers MT4, 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 OANDA does not offer. The two brokers are closely matched on platform offering.
| Feature | OANDA | 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, OANDA Desktop, OANDA Web, OANDA Mobile | 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 OANDA and PaxForex compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. PaxForex scores higher overall in education and research.
| Feature | OANDA | PaxForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. OANDA 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 | OANDA | 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 OANDA and PaxForex offer live chat support. Both provide phone support. Email support is available at both brokers. OANDA supports 2 languages and PaxForex supports 15, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | OANDA | 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 |