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 FOREX.com.
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. FOREX.com is a better option with a 4.50 star rating over Alpari's 4.00 star rating.
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. FOREX.com is regulated in a major hub, while Alpari is not. FOREX.com is a publicly traded company while Alpari is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Alpari trails FOREX.com by 36 total currency pairs (for example, EUR/USD), with FOREX.com offering 84 and Alpari offering 48.
To round out our comparison of Alpari vs FOREX.com, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari and FOREX.com both offer Meta Trader. 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. Alpari offers its clients access to 31 charting tools while FOREX.com has 22 charting tools, a difference of 9. Alpari trails FOREX.com by 88 total different indicators (for example, moving averages), with FOREX.com offering 139 and Alpari offering 51.
Overall, FOREX.com takes the upper hand with 4.00 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, FOREX.com posted awards Best in Class - Research and Best in Class - Mobile Trading in 2018, while Alpari found itself with none of these.