Comparison PaxForex vs Swissquote
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare PaxForex vs Swissquote. Which of them: PaxForex or Swissquote a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of PaxForex on regular transactions of the stock exchange is spreads from 5 pips, and Swissquote has a commission fee of from £15. For trading in Forex, the commission fee of PaxForex is spreads from 0.4 pips, while the commission fee of Swissquote is average spread of 1.3 pips. When analyzing commission fees in CFD: PaxForex provides spreads from 5 pips, and Swissquote provides from 0.06%. For a more complete picture, let’s consider trading in the metal market, where PaxForex and Swissquote have commission fees of spreads from 50 pips and £1 per contract (Minimum £5), respectively. You can read more detailed information on commission fees in the online broker reviews.
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 PaxForex provides customers with Stocks Trading, Forex Trading, Crypto Trading, and Swissquote provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, PaxForex offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Swissquote offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. PaxForex was founded in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. And Swissquote was founded in Switzerland in 1996, and it is regulated by FCA, FINMA, DFSA, MAS, SFC. Withdrawal of funds from PaxForex can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. And Swissquote provides the ability to withdraw funds using Bank Wire with a withdrawal fee of depends on account type. The withdrawal time for PaxForex is within 1 business day, and that one for Swissquote is 1-2 working days.
As a result, the rating of PaxForex is 4 stars versus that of Swissquote of 4 stars.