Comparison CMC Markets vs PaxForex
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare CMC Markets vs PaxForex. Which of them: CMC Markets or PaxForex a better online broker?
First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and PaxForex has a commission fee of spreads from 5 pips. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of PaxForex is spreads from 0.4 pips. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and PaxForex provides spreads from 5 pips. For a more complete picture, let’s consider trading in the metal market, where CMC Markets and PaxForex have commission fees of from 0.3 pips and spreads from 50 pips, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 CMC Markets provides customers with Stocks Trading, ETFs Trading, Forex Trading, and PaxForex provides customers with Stocks Trading, Forex Trading, Crypto Trading. Concerning the platforms, CMC Markets uses Web Platform, Android App, iOS App, while PaxForex uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. CMC Markets was established in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And PaxForex was established in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from CMC Markets can be done using Bank Wire with a withdrawal fee of free. And PaxForex provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. The withdrawal time for CMC Markets is 1 - 2 business days, and that one for PaxForex is within 1 business day.
Overall, CMC Markets boasts 4.8 stars versus PaxForex 4 stars.