PaxForex
Roboforex
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Roboforex was established in 2009 and is based in Belize. PaxForex holds licences including Financial Services Authority (FSA), while Roboforex is regulated by RoboForex Ltd is a financial brokerage company regulated by the FSC among others. PaxForex serves 350+ clients worldwide; Roboforex has 10,000+. The minimum deposit is $10 at PaxForex and $1 at Roboforex.
| Feature | PaxForex | Roboforex |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | RoboForex Ltd is a financial brokerage company regulated by the FSC, license No. 000138/437, reg. number 128.572. Address: 2118 Guava Street, Belama Phase 1, Belize City, Belize. |
| Founded | 2011 | 2009 |
| Country | Saint Vincent and the Grenadines | Belize |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Roboforex, directly affecting your bottom line as a trader. Roboforex has a lower barrier to entry with a minimum deposit of $1 (vs $10 at PaxForex). Both brokers charge withdrawal fees. PaxForex charges deposit fees; Roboforex does not. The two brokers are broadly comparable on fee structure.
| Feature | PaxForex | Roboforex |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while Roboforex supports MT4, MT5, cTrader, 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. Roboforex edges ahead on platform breadth and functionality in our scoring.
| Feature | PaxForex | Roboforex |
|---|---|---|
| MT4 | Yes | 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, iPhone iOS | MT4, MT5, Mac, 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 Roboforex 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 | Roboforex |
|---|---|---|
| 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 Roboforex supports 3 (bank transfer, credit/debit card, Neteller). PaxForex uniquely supports Skrill among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | Roboforex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| 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 Roboforex offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and Roboforex supports 13, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | Roboforex |
|---|---|---|
| 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, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian |