PaxForex
synergy fx
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while synergy fx was established in 2013 and is based in Cayman Islands. PaxForex holds licences including Financial Services Authority (FSA), while synergy fx is regulated by Financial Conduct Authority (FCA) among others. PaxForex serves 350+ clients worldwide; synergy fx has 10,000+. The minimum deposit is $10 at PaxForex and $250 at synergy fx.
| Feature | PaxForex | synergy fx |
|---|---|---|
| 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-F316 |
| Founded | 2011 | 2013 |
| Country | Saint Vincent and the Grenadines | Cayman Islands |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and synergy fx, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $250 at synergy fx). PaxForex charges withdrawal fees while synergy fx does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; synergy fx does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | synergy fx |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while synergy fx 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 | synergy fx |
|---|---|---|
| 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 synergy fx 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 | synergy fx |
|---|---|---|
| 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 synergy fx supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). synergy fx uniquely supports PayPal among the two brokers. synergy fx scores higher on deposit and withdrawal flexibility.
| Feature | PaxForex | synergy fx |
|---|---|---|
| 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 synergy fx offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and synergy fx supports 8, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | synergy fx |
|---|---|---|
| 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 |