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 TD Ameritrade FX.
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 TD Ameritrade FX share a rating of 4.00 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. TD Ameritrade FX is regulated in a major hub, Alpari isn't. TD Ameritrade FX is a publicly traded company while Alpari is not. As far as how many currency pairs are available for trading, here's the answer. Alpari trails TD Ameritrade FX by 29 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 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 makes Meta Trader available to clients, while TD Ameritrade FX does not. 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 offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. Alpari trails TD Ameritrade FX by 326 total different indicators (for example, moving averages), with TD Ameritrade FX offering 377 and Alpari offering 51.
Overall, TD Ameritrade FX boasts 4.50 stars versus Alpari's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX was rated Best in Class - Mobile Trading in 2018, while Alpari was rated none of these.