PaxForex
Robinhood
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Robinhood was established in 2013 and is based in USA. PaxForex holds licences including Financial Services Authority (FSA), while Robinhood is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $10 at PaxForex and $0 at Robinhood.
| Feature | PaxForex | Robinhood |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2011 | 2013 |
| Country | Saint Vincent and the Grenadines | USA |
| Clients | 350+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Robinhood does not. The two brokers are broadly comparable on fee structure.
| Feature | PaxForex | Robinhood |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
PaxForex offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. 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 | PaxForex | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, iPad, mac, Desktop, iPhone iOS | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how PaxForex and Robinhood 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. The two brokers are evenly matched on educational content.
| Feature | PaxForex | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
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 Robinhood supports 1 (bank transfer). PaxForex uniquely supports credit/debit card and Skrill and Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both PaxForex and Robinhood offer live chat support. PaxForex offers phone support; Robinhood does not. Email support is available at both brokers. PaxForex supports 15 languages and Robinhood supports 13, giving PaxForex broader global reach. PaxForex scores higher overall on customer support in our assessment.
| Feature | PaxForex | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |