After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare Alpari vs IC Markets.
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 IC Markets 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. IC Markets is regulated in a major hub, Alpari isn't. Neither Alpari and IC Markets are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Alpari trails IC Markets by 15 total currency pairs (for example, EUR/USD), with IC Markets offering 63 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. Alpari and IC Markets 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 IC Markets provide clients with access to 31 total charting tools. Both Alpari and IC Markets provide clients with access to 51 total indicators (eg, moving averages).
IC Markets Review