PaxForex
profiforex corp
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while profiforex corp was established in 2018 and is based in Cyprus. PaxForex holds licences including Financial Services Authority (FSA), while profiforex corp is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; profiforex corp has 30,000+. The minimum deposit is $10 at PaxForex and $250 at profiforex corp.
| Feature | PaxForex | profiforex corp |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | 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-F297 |
| Founded | 2011 | 2018 |
| Country | Saint Vincent and the Grenadines | Cyprus |
| Clients | 350+ | 30,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and profiforex corp, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $250 at profiforex corp). PaxForex charges withdrawal fees while profiforex corp does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; profiforex corp does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | profiforex corp |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while profiforex corp supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which profiforex corp does not offer. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | PaxForex | profiforex corp |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, iPad, mac, Desktop, iPhone iOS | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how PaxForex and profiforex corp 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 | PaxForex | profiforex corp |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. PaxForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while profiforex corp supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). profiforex corp uniquely supports PayPal among the two brokers. profiforex corp scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | profiforex corp |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| 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 PaxForex and profiforex corp offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and profiforex corp supports 8, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | profiforex corp |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |