PaxForex
Spreadex
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Spreadex was established in 1999 and is based in UK. PaxForex holds licences including Financial Services Authority (FSA), while Spreadex is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; Spreadex has 10,000+. The minimum deposit is $10 at PaxForex and $0 at Spreadex.
| Feature | PaxForex | Spreadex |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Financial Conduct Authority (FCA), registration number 190941 |
| Founded | 2011 | 1999 |
| Country | Saint Vincent and the Grenadines | UK |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Spreadex, directly affecting your bottom line as a trader. Spreadex has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Spreadex does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Spreadex does not. The two brokers are broadly comparable on fee structure.
| Feature | PaxForex | Spreadex |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while Spreadex 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 | Spreadex |
|---|---|---|
| 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 Spreadex 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 | Spreadex |
|---|---|---|
| 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 Spreadex supports 3 (bank transfer, credit/debit card, Skrill). PaxForex uniquely supports Neteller among the two brokers. PaxForex scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | Spreadex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | Yes |
| 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 Spreadex offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and Spreadex supports 1, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | Spreadex |
|---|---|---|
| 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 |