Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs Alpari.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Alpari is a better option with a 4.00 star rating over Admiral Markets's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Admiral Markets is regulated in a major hub, Alpari isn't. Neither are publicly traded companies. How many currency pairs are available to trade? Admiral Markets boasts an offering of 55 different currency pairs compared to Alpari's 48 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Admiral Markets and Alpari offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both Admiral Markets and Alpari provide clients with access to 31 total charting tools. Both Admiral Markets and Alpari provide clients with access to 51 total indicators (eg, moving averages).
Overall, Admiral Markets takes the upper hand with 4.00 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while Alpari found itself with none of these.