Compare forex brokers PaxForex VS Forex Club

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

PAXFOREX VS FOREX CLUB

Forex Club
Forex Club Overview

Forex Club is an online Forex and CFD broker founded in Russia in 1997. It is a conglomerate of companies under Forex Club international Ltd, founded as a financial investment firm. One of the sister companies, which we have reviewed before include Libertex, the CySEC regulated arm.

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 PAXFOREX Availability FOREX CLUB 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 PaxForex vs Forex Club.

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. PaxForex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Stocks, Cryptocurrency, while Forex Club offers Currencies, Commodities, Indices, Stocks, Cryptocurrency, Futures.

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

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. PaxForex is regulated by Not regulated, while Forex Club 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.

Languages Available: Next lets have a look at each broker's different Language options. PaxForex offers Arabic, English, Russian, while Forex Club offers Chinese, English, Indonesian, Russian, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. PaxForex offers Credit/Debit Cards, Cryptocurrencies, FasaPay, Neteller different payment methods for each account types, while Forex Club offers Credit/Debit Cards, QIWI, Webmoney, Bank Wire Transfer, Yandex.Money payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, PaxForex makes MT4 available to clients, while Forex Club offers MT5, Proprietary.

The Verdict: PaxForex or Forex Club?

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

Objectively, Forex Club is more reliable based on our criteria above. Forex Club offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Forex Club has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Forex Club 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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