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 Alpari vs AvaTrade.
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 is a better option with a 4.00 star rating over AvaTrade's 3.50 star rating.
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. AvaTrade is regulated in a major hub, while Alpari is not. Neither Alpari and AvaTrade are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Alpari trails AvaTrade by 12 total currency pairs (for example, EUR/USD), with AvaTrade offering 60 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. Alpari and AvaTrade both 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 Alpari and AvaTrade provide clients with access to 31 total charting tools. Both Alpari and AvaTrade provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Alpari and AvaTrade are rated 3.50 stars. And, when it comes to individual category awards, both Alpari and AvaTrade found themselves without awards for 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 in 2018.