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 Dukascopy.
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. Dukascopy is a better option with a 4.50 star rating over Alpari's 4.00 star rating.
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. Dukascopy is regulated in a major hub, while Alpari is not. Neither are publicly traded companies. How many currency pairs are available to trade? Dukascopy offers its clients access to 64 different currency pairs while Alpari has 48 available pairs, a difference of 16.
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 Dukascopy 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. Alpari and Dukascopy offer the same number of charting tools, 31. Alpari and Dukascopy offer the same number of indicators (eg, volume), 51.
Overall, Dukascopy boasts 4.00 stars versus Alpari's 3.50 stars. And, when it comes to individual category awards, Dukascopy was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while Alpari was rated none of these.