PaxForex
Skilling
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Skilling was established in 2016 and is based in Cyprus. PaxForex holds licences including Financial Services Authority (FSA), while Skilling is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. PaxForex serves 350+ clients worldwide; Skilling has 5,000+. The minimum deposit is $10 at PaxForex and $100 at Skilling.
| Feature | PaxForex | Skilling |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Cyprus Securities and Exchange Commission (CySEC), CIF license number 357/18, Financial Services Authority (FSA) under license No. SD042 |
| Founded | 2011 | 2016 |
| Country | Saint Vincent and the Grenadines | Cyprus |
| Clients | 350+ | 5,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Skilling, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $100 at Skilling). PaxForex charges withdrawal fees while Skilling does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Skilling does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | Skilling |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while Skilling 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 | Skilling |
|---|---|---|
| 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, 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 Skilling 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 | Skilling |
|---|---|---|
| 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 Skilling supports 2 (bank transfer, credit/debit card). PaxForex uniquely supports Skrill and Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | Skilling |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| 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 Skilling offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and Skilling supports 2, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | Skilling |
|---|---|---|
| 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, and Chinese |