PaxForex
Swissquote
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Swissquote was established in 1999 and is based in Switzerland. PaxForex holds licences including Financial Services Authority (FSA), while Swissquote is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; Swissquote has 300,000+. The minimum deposit is $10 at PaxForex and $0 at Swissquote.
| Feature | PaxForex | Swissquote |
|---|---|---|
| Min. Deposit | $10 | $0 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Financial Conduct Authority (FCA) |
| Founded | 2011 | 1999 |
| Country | Saint Vincent and the Grenadines | Switzerland |
| Clients | 350+ | 300,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Swissquote, directly affecting your bottom line as a trader. Swissquote has a lower barrier to entry with a minimum deposit of $0 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Swissquote does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Swissquote does not. The two brokers are broadly comparable on fee structure.
| Feature | PaxForex | Swissquote |
|---|---|---|
| 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 Swissquote supports 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. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | PaxForex | Swissquote |
|---|---|---|
| MT4 | Yes | No |
| 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, ZuluTrade, 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 Swissquote compare. PaxForex runs regular live webinars; Swissquote does not. Both provide video tutorials. PaxForex publishes daily market commentary; Swissquote 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 | Swissquote |
|---|---|---|
| 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 Swissquote 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 | Swissquote |
|---|---|---|
| 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 Swissquote offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and Swissquote supports 8, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | Swissquote |
|---|---|---|
| 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, German, French, Italian, Spanish, Arabic, Russian, and Chinese |