Comparison Ally Invest vs PaxForex
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Ally Invest vs PaxForex. Which of them: Ally Invest or PaxForex a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Ally Invest has a commission fee of $4.95, and PaxForex has a commission fee of spreads from 5 pips. For trading in Forex, the commission fee of Ally Invest is 0, while the commission fee of PaxForex is spreads from 0.4 pips. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Ally Invest provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor, and PaxForex provides customers with Stocks Trading, Forex Trading, Crypto Trading. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while PaxForex uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Ally Invest was established in 2005 in United States, and it is regulated by CFTC, NFA. And PaxForex was established in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And PaxForex provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. The time for withdrawal in Ally Invest is 3-5 days, and that one in PaxForex is within 1 business day.
Overall, Ally Invest boasts 3.7 stars versus PaxForex 4 stars.