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 Swissquote.
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. Alpari's score is 4.00 stars versus Swissquote's 3.50 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. Swissquote is regulated in a major hub, while Alpari is not. Swissquote is a publicly traded company while Alpari is not. As far as how many currency pairs are available for trading, here's the answer. Swissquote offers its clients access to 78 different currency pairs while Alpari has 48 available pairs, a difference of 30.
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 Swissquote 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. Alpari and Swissquote offer the same number of charting tools, 31. Alpari and Swissquote offer the same number of indicators (eg, volume), 51.
Overall, Swissquote takes the upper hand with 4.00 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, unfortunately, neither Alpari nor Swissquote 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.