Comparison IFC Markets vs PaxForex
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares IFC Markets vs PaxForex. Is IFC Markets or PaxForex a better online broker?
First of all, we’ll compare the commission fees of the two brokers. IFC Markets has a commission fee of from 0.1%, and PaxForex has a commission fee of spreads from 5 pips. For trading in Forex, the commission fee of IFC Markets is spreads from 0.4 pips, while the commission fee of PaxForex is spreads from 0.4 pips. When analyzing commission fees in CFD: IFC Markets provides spreads from 34 pips, and PaxForex provides spreads from 5 pips. For a more complete picture, let’s consider trading in the metal market, where IFC Markets and PaxForex have commission fees of fixed spreads at 45 pips and spreads from 50 pips, 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, Futures Trading, Crypto Trading are provided to customers by IFC Markets and Stocks Trading, Forex Trading, Crypto Trading are provided by PaxForex. Concerning the platforms, IFC Markets uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, MT5, 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. IFC Markets was established in 2006 in British Virgin Islands, and it is regulated by BVI FSC. And PaxForex was established in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. Withdrawal of funds from IFC Markets can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of fees vary. And PaxForex provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. The time for withdrawal in IFC Markets is 1 - 5 business days, and that one in PaxForex is within 1 business day.
As a result, the rating of IFC Markets is 4.8 stars versus that of PaxForex of 4 stars.