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 Coinbase.
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 received a rating of 4.00 stars over Coinbase's 2.50 stars.
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. Neither Alpari and Coinbase are regulated in a major hub. Neither Alpari and Coinbase are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Coinbase trails Alpari by 48 total currency pairs (for example, EUR/USD), with Alpari offering 48 and Coinbase offering .
To round out our comparison of Alpari vs Coinbase, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari offers Meta Trader while Coinbase does not. 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. Coinbase trails Alpari by 31 total charting tools, with Alpari offering 31 and Coinbase offering . Alpari offers its clients access to 51 different indicators (for example, volume) while Coinbase has available indicators, a difference of 51.
Overall, both Alpari and Coinbase hold a 3.50 star rating. And, when it comes to individual category awards, unfortunately, neither Alpari nor Coinbase 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.