PaxForex
selftrade
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while selftrade was established in 2013 and is based in Australia. PaxForex holds licences including Financial Services Authority (FSA), while selftrade is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; selftrade has 14,000,000+. The minimum deposit is $10 at PaxForex and $250 at selftrade.
| Feature | PaxForex | selftrade |
|---|---|---|
| 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-F304 |
| Founded | 2011 | 2013 |
| Country | Saint Vincent and the Grenadines | Australia |
| Clients | 350+ | 14,000,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and selftrade, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $250 at selftrade). Both brokers charge withdrawal fees. PaxForex charges deposit fees; selftrade does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | selftrade |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
PaxForex offers MT4, MT5, cTrader, while selftrade 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. The two brokers are closely matched on platform offering.
| Feature | PaxForex | selftrade |
|---|---|---|
| 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, 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 selftrade compare. PaxForex runs regular live webinars; selftrade does not. Both provide video tutorials. PaxForex publishes daily market commentary; selftrade does not. Both integrate third-party research tools. PaxForex maintains an archive of past webinars for on-demand viewing. PaxForex scores higher overall in education and research.
| Feature | PaxForex | selftrade |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 selftrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). selftrade uniquely supports PayPal among the two brokers. selftrade scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | selftrade |
|---|---|---|
| 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 selftrade offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and selftrade supports 8, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | selftrade |
|---|---|---|
| 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 |