After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Admiral Markets vs Alpari.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Alpari received a rating of 4.00 stars over Admiral Markets's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets is regulated in a major hub, Alpari isn't. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Alpari trails Admiral Markets by 7 total currency pairs (for example, EUR/USD), with Admiral Markets offering 55 and Alpari offering 48.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Admiral Markets alongside Alpari offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, Admiral Markets boasts 4.00 stars versus Alpari's 3.50 stars. And, when it comes to individual category awards, Admiral Markets was rated Best in Class - Investor Education in 2018, while Alpari was rated none of these.