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 CMC Markets.
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. CMC Markets's score is 5.00 stars versus Alpari's 4.00 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. CMC Markets is regulated in a major hub, Alpari isn't. CMC Markets is a publicly traded company while Alpari is not. How many currency pairs are available to trade? CMC Markets boasts an offering of 183 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. Alpari has Meta Trader, CMC Markets doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Alpari offers its clients access to 31 charting tools while CMC Markets has 24 charting tools, a difference of 7. Alpari trails CMC Markets by 23 total different indicators (for example, moving averages), with CMC Markets offering 74 and Alpari offering 51.
Overall, CMC Markets boasts 4.50 stars versus Alpari's 3.50 stars. And, when it comes to individual category awards, CMC Markets posted awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while Alpari found itself with none of these.