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 Alpari vs AxiTrader.
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 received a rating of 4.00 stars over AxiTrader's 3.50 stars.
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. AxiTrader is regulated in a major hub while Alpari is not. Neither Alpari and AxiTrader are publicly traded companies. How many currency pairs are available to trade? AxiTrader offers its clients access to 53 different currency pairs while Alpari has 48 available pairs, a difference of 5.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Alpari and AxiTrader both 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 Alpari and AxiTrader provide clients with access to 31 total charting tools. Both Alpari and AxiTrader provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Alpari and AxiTrader are rated 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Alpari nor AxiTrader received awards 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.