PaxForex
XGLOBAL Markets
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while XGLOBAL Markets was established in 2008 and is based in Cyprus. PaxForex holds licences including Financial Services Authority (FSA), while XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. PaxForex serves 350+ clients worldwide; XGLOBAL Markets has 10,000+. The minimum deposit is $10 at PaxForex and $500 at XGLOBAL Markets.
| Feature | PaxForex | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $10 | $500 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2011 | 2008 |
| Country | Saint Vincent and the Grenadines | Cyprus |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and XGLOBAL Markets, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $500 at XGLOBAL Markets). Both brokers charge withdrawal fees. PaxForex charges deposit fees; XGLOBAL Markets does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | XGLOBAL Markets |
|---|---|---|
| Min. Deposit | $10 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | No |
Platforms
PaxForex offers MT4, MT5, cTrader, while XGLOBAL Markets supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which XGLOBAL Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | PaxForex | XGLOBAL Markets |
|---|---|---|
| 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 | Desktop,iOS,Android |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how PaxForex and XGLOBAL Markets compare. PaxForex runs regular live webinars; XGLOBAL Markets does not. Both provide video tutorials. PaxForex publishes daily market commentary; XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets 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 | XGLOBAL Markets |
|---|---|---|
| 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 XGLOBAL Markets offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and XGLOBAL Markets supports 2, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | XGLOBAL Markets |
|---|---|---|
| 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 |