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 ETX Capital .
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. Both Alpari and ETX Capital hold a 4.00 star rating.
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. ETX Capital is regulated in a major hub, while Alpari is not. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Alpari trails ETX Capital by 11 total currency pairs (for example, EUR/USD), with ETX Capital offering 59 and Alpari offering 48.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both Alpari and ETX Capital 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 brokers offer clients access to the same number of charting tools, 31. Both Alpari and ETX Capital provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Alpari and ETX Capital hold a 3.50 star rating. And, when it comes to individual category awards, unfortunately, neither Alpari nor ETX Capital 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.