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 IG Group.
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. IG Group 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. IG Group is regulated in a major hub, while Alpari is not. IG Group is a publicly traded company, while Alpari is not. How many currency pairs are available to trade? IG Group boasts an offering of 91 different currency pairs compared to Alpari's 48 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Alpari and IG Group 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. IG Group trails Alpari by 22 total charting tools, with Alpari offering 31 and IG Group offering 9. Alpari boasts an offering of 51 different indicators (for example, moving averages) compared to IG Group's 22 available indicators.
Overall, IG Group takes the upper hand with 5.00 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, IG Group finished with awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while Alpari came up with none of these.