Comparison PaxForex vs Plus500
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare PaxForex vs Plus500. Which of them: PaxForex or Plus500 a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. PaxForex has a commission fee of spreads from 5 pips, and Plus500 has a commission fee of from 0.45%. Now, let’s compare commission fees in Forex, the commission fee of PaxForex is spreads from 0.4 pips, and the commission fee of Plus500 is from 0.6 pips. When analyzing commission fees in CFD: PaxForex provides spreads from 5 pips, and Plus500 provides from 0.065%. For a more complete picture, let’s consider trading in the metal market, where PaxForex and Plus500 have commission fees of spreads from 50 pips and from 0.03%, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, Forex Trading, Crypto Trading are provided to customers by PaxForex and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. As for platforms, PaxForex offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Plus500 offers Web Platform, 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. PaxForex was established in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. And Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. Withdrawal of funds from PaxForex can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. And Plus500 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. The withdrawal time for PaxForex is within 1 business day, and that one for Plus500 is 1-2 working days.
As a result, the rating of PaxForex is 4 stars versus that of Plus500 of 4 stars.