PaxForex
Zacks Trade
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Overview
PaxForex was founded in 2011 and is headquartered in Saint Vincent and the Grenadines, while Zacks Trade was established in 2008 and is based in United States. PaxForex holds licences including Financial Services Authority (FSA), while Zacks Trade is regulated by Unregulated among others. PaxForex serves 350+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $10 at PaxForex and $2500 at Zacks Trade.
| Feature | PaxForex | Zacks Trade |
|---|---|---|
| Min. Deposit | $10 | $2500 |
| Regulation | Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 | Unregulated |
| Founded | 2011 | 2008 |
| Country | Saint Vincent and the Grenadines | United States |
| Clients | 350+ | 10,000+ |
Fees
Fees are a critical factor when choosing between PaxForex and Zacks Trade, directly affecting your bottom line as a trader. PaxForex has a lower barrier to entry with a minimum deposit of $10 (vs $2500 at Zacks Trade). PaxForex charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. PaxForex charges deposit fees; Zacks Trade does not. Overall, PaxForex scores higher on fees in our assessment.
| Feature | PaxForex | Zacks Trade |
|---|---|---|
| Min. Deposit | $10 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | No | Yes |
Platforms
PaxForex offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. PaxForex supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | PaxForex | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how PaxForex and Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| 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 Zacks Trade offer live chat support. Both provide phone support. Email support is available at both brokers. PaxForex supports 15 languages and Zacks Trade supports 2, giving PaxForex broader global reach. Both brokers are comparable on support quality.
| Feature | PaxForex | Zacks Trade |
|---|---|---|
| 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 |