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 TD Ameritrade FX.
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. Both Alpari and TD Ameritrade FX hold a 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. TD Ameritrade FX is regulated in a major hub, Alpari isn't. TD Ameritrade FX is a publicly traded company, Alpari isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Alpari trails TD Ameritrade FX by 27 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 75 and Alpari offering 48.
To round out our comparison of Alpari vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari makes Meta Trader available to clients, while TD Ameritrade FX does not. 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 boasts an offering of 31 charting tools compared to TD Ameritrade FX's 20 available charting tools. Alpari trails TD Ameritrade FX by 352 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and Alpari offering 51.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over Alpari's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Platforms & Tools in 2018, while Alpari found itself with none of these.