To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Alpari vs AvaTrade.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Alpari is a better option with a 4.00 star rating over AvaTrade's 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. AvaTrade is regulated in a major hub while Alpari is not. Neither are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. AvaTrade offers its clients access to 60 different currency pairs while Alpari has 48 available pairs, a difference of 12.
To round out our comparison of Alpari vs AvaTrade, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari alongside AvaTrade offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Alpari and AvaTrade offer the same number of charting tools, 31. Both Alpari and AvaTrade provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Alpari and AvaTrade hold a 3.50 star rating. And, when it comes to individual category awards, neither Alpari nor AvaTrade were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.