Comparison PaxForex vs Zacks Trade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares PaxForex vs Zacks Trade. Is PaxForex or Zacks Trade 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 Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. For trading in Forex, the commission fee of PaxForex is spreads from 0.4 pips, while the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: PaxForex provides spreads from 5 pips, and Zacks Trade provides -. For a more complete picture, let’s consider trading in the metal market, where PaxForex and Zacks Trade have commission fees of spreads from 50 pips and -, 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Zacks Trade. Concerning the platforms, PaxForex uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. Withdrawal of funds from PaxForex can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of varies. And Zacks Trade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of 1 withdrawal free monthly. The time for withdrawal in PaxForex is within 1 business day, and that one in Zacks Trade is 4-7 working days.
Overall, PaxForex boasts 4 stars versus Zacks Trade 4 stars.