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Comparison Firstrade vs PaxForex
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Firstrade vs PaxForex. Is Firstrade or PaxForex a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Firstrade on regular transactions of the stock exchange is $0, and PaxForex has a commission fee of spreads from 5 pips. 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 Firstrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, and PaxForex provides customers with Stocks Trading, Forex Trading, Crypto Trading. As for platforms, Firstrade offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. Firstrade was founded in 1985 in United States, and it is regulated by SEC and FINRA. And PaxForex was founded in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And PaxForex provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. The time for withdrawal in Firstrade is 2-3 business days, and that one in PaxForex is within 1 business day.
As a result, the rating of Firstrade is 3.9 stars versus that of PaxForex of 4 stars.