Compare forex brokers 24option VS Paxforex

If you're choosing between 24option and Paxforex forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is 24option better than Paxforex? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

24OPTION VS PAXFOREX

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

PaxForex
PaxForex Overview

PaxForex was founded in 2010 and it operates from St. Vincent and the Grenadines. The broker offers low spreads on over 70 forex and CFD assets, such as 0.4pips on the EUR/USD and offers trading on the MT4 platform.

# Broker's Features 24OPTION Availability PAXFOREX Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare 24option vs Paxforex.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. 24option offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency, while Paxforex offers Currencies, Commodities, Stocks, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. 24option is Market Maker, STP, while Paxforex is ECN, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. 24option is regulated by CySEC, IFSC, while Paxforex regulated by Not regulated. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. 24option offers USD, EUR, GBP different account currencies for each account types, while Paxforex offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. 24option offers English, while Paxforex offers Arabic, English, Russian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill different payment methods for each account types, while Paxforex offers Credit/Debit Cards, Cryptocurrencies, FasaPay, Neteller payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, 24option makes MT4 available to clients, while Paxforex offers MT4.

The Verdict: 24option or Paxforex?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, 24option is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. 24option broker is regulated in more major hubs. 24option offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As a market maker, 24option may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

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