Comparison PaxForex vs Saxo Bank
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare PaxForex vs Saxo Bank. Which of them: PaxForex or Saxo Bank a better online broker?
First of all, we’ll compare the commission fees of the two brokers. PaxForex has a commission fee of spreads from 5 pips, and Saxo Bank has a commission fee of from 0.1% commission. For trading in Forex, the commission fee of PaxForex is spreads from 0.4 pips, while the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are spreads from 5 pips in PaxForex vs from £0.85 in Saxo Bank. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: spreads from 50 pips and from 0.1% commission for PaxForex and Saxo Bank, 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, Forex Trading, Crypto Trading are provided to customers by PaxForex and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor are provided by Saxo Bank. As for platforms, PaxForex offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Saxo Bank offers Desktop Platform (Windows), Desktop Platform (MacOS), 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 Saxo Bank was established in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. Withdrawal of funds from PaxForex can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. And Saxo Bank provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 0. The time for withdrawal in PaxForex is within 1 business day, and that one in Saxo Bank is 1-2 business days.
Overall, PaxForex boasts 4 stars versus Saxo Bank 4.1 stars.