PaxForex
Uphold
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Uphold was established in 2013 and is based in United States. PaxForex holds licences including Financial Services Authority (FSA), while Uphold is regulated by FCA and FINCEN: Uphold Europe Limited among others. PaxForex serves 350+ clients worldwide; Uphold has 4,000,000+. The minimum deposit is $10 at PaxForex and $1 at Uphold.
| Feature | PaxForex | Uphold |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 |
| Founded | 2011 | 2013 |
| Country | Saint Vincent and the Grenadines | United States |
| Clients | 350+ | 4,000,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Uphold, directly affecting your bottom line as a trader. Uphold has a lower barrier to entry with a minimum deposit of $1 (vs $10 at PaxForex). PaxForex charges withdrawal fees while Uphold does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Uphold does not. The two brokers are broadly comparable on fee structure.
| Feature | PaxForex | Uphold |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while Uphold supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which Uphold does not offer. PaxForex edges ahead on platform breadth and functionality in our scoring.
| Feature | PaxForex | Uphold |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web, iPad, mac, Desktop, iPhone iOS | Web, Desktop & Mobile Apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how PaxForex and Uphold compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. PaxForex publishes daily market commentary; Uphold does not. PaxForex integrates third-party research tools (Trading Central, Autochartist); Uphold does not. Archived webinars are available at both brokers for self-paced learning. PaxForex scores higher overall in education and research.
| Feature | PaxForex | Uphold |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| 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 Uphold 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 | Uphold |
|---|---|---|
| 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 Uphold offer live chat support. PaxForex offers phone support; Uphold does not. Email support is available at both brokers. PaxForex supports 15 languages and Uphold supports 1, giving PaxForex broader global reach. PaxForex scores higher overall on customer support in our assessment.
| Feature | PaxForex | Uphold |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian | English |