Comparison PaxForex vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare PaxForex vs Trading 212. Which of them: PaxForex or Trading 212 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 Trading 212 has a commission fee of 0. For trading in Forex, the commission fee of PaxForex is spreads from 0.4 pips, while the commission fee of Trading 212 is 0.8 average spread for EUR/USD. We can also analyze commission fees for trading CFD: they are spreads from 5 pips in PaxForex vs fees built into spreads in Trading 212. 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, ETFs Trading, Forex Trading are provided by Trading 212. As for platforms, PaxForex offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Trading 212 offers Web Platform, 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. PaxForex was founded in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. And Trading 212 was founded in 2004 in Bulgaria, and it is regulated by FCA, FSC. Withdrawal of funds from PaxForex can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. And Trading 212 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. The time for withdrawal in PaxForex is within 1 business day, and that one in Trading 212 is 0-5 days.
Overall, PaxForex boasts 4 stars versus Trading 212 4.3 stars.
Overall Rating
