PaxForex
SpreadCo
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while SpreadCo was established in 2005 and is based in London. PaxForex holds licences including Financial Services Authority (FSA), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $10 at PaxForex and $100 at SpreadCo.
| Feature | PaxForex | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Financial Conduct Authority (FCA) |
| Founded | 2011 | 2005 |
| Country | Saint Vincent and the Grenadines | London |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and SpreadCo, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $100 at SpreadCo). Both brokers charge withdrawal fees. PaxForex charges deposit fees; SpreadCo does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
PaxForex offers MT4, MT5, cTrader, while SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 | 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 SpreadCo compare. PaxForex runs regular live webinars; SpreadCo does not. Both provide video tutorials. PaxForex publishes daily market commentary; SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 SpreadCo 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 | SpreadCo |
|---|---|---|
| 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 SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and SpreadCo supports 2, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | SpreadCo |
|---|---|---|
| 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 |