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Comparison eToro vs PaxForex
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs PaxForex. Which of them: eToro or PaxForex a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and PaxForex has a commission fee of spreads from 5 pips. For trading in Forex, the commission fee of eToro is from 3 pips, while the commission fee of PaxForex is spreads from 0.4 pips. We can also analyze commission fees for trading CFD: they are from 0.09% in eToro vs spreads from 5 pips in PaxForex. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 2 pips and spreads from 50 pips for eToro and PaxForex, respectively. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Forex Trading, Crypto Trading are provided by PaxForex. As for platforms, eToro offers Web Platform, Android App, iOS App, while PaxForex offers 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. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And PaxForex was founded in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. And PaxForex provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is varies. The withdrawal time for eToro is within 1 business day, and that one for PaxForex is within 1 business day.
As a result, the rating of eToro is 4.5 stars versus that of PaxForex of 4 stars.