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 Dukascopy.
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. Dukascopy's score is 4.50 stars versus Alpari's 4.00 stars.
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. Dukascopy is regulated in a major hub, Alpari isn't. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Dukascopy offers its clients access to 64 different currency pairs while Alpari has 48 available pairs, a difference of 16.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Alpari and Dukascopy 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 Dukascopy provide clients with access to 31 total charting tools. Alpari and Dukascopy offer the same number of indicators (eg, volume), 51.
Overall, Dukascopy takes the upper hand with 4.50 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, Dukascopy posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Active Trading in 2018, while Alpari found itself with none of these.