Alpari vs OANDA
Compare Alpari vs OANDA Side by Side
Selecting between Alpari vs GO Markets and wish to see who is better Broker for your trading strategy? We made a detailed comparison between Alpari Review and OANDA Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Headquarter||St. Vincent and the Grenadines||USA|
|Licenses||SVG, Belize||USA, UK, Australia, Canada, Singapore, Japan, Malta|
|Minimum Deposit||20 US$||0 US$|
|Trading Platforms||MT4, MT5||OANDA Trade, MT4|
|Eurusd avg Spread||1.1 pips||1.2 pips|
|Licenses Countries Info (short)|
The Advantage for reliability and trust is on OANDA side, it is considered more safe broker to trade due to numerous regulations and overseeing by top-tier regulations so legit to accept clients from EU. While Alpari based offshore with low regulation but has long history of operation and good reputation only, making it a relatively trusted broker.
Both Brokers operate as STP Brokers with good execution and low slippage which is good, also a plus for trading transparency. However, Alpari is also Market Making Broker for some instruments due to its nature of trading, like Binary Options also considered risky.
Alpari and OANDA provide relatively similar trading conditions with different pricing models and all strategies allowed suitable for all type of traders beginners, advanced or professional traders.
Fees & Commissions
|Inactivity Feemonth||0$||12 $|
|Deposit fee||0$||0 $|
|Withdrawal fee||0$||0 $|
|Rollover fee eurusd buy 1 lot||-1.31||-0.9|
|Rollover fee eurusd sell 1 lot||0.65||2.75|
|Avg Eurusd standard acc||1.1 pips||1.2 pips|
|Brent oil||1 pips||4|
Trading costs for Alpari and OANDA are very similar for Standard account and Commission based accounts with spreads almost alike, for example, for Forex ECN account both brokers offer spreads higher than the average on the market. As to the commission, Alpari does not charge any, while OANDA has a $12 inactivity fee.
Both Alpari and OANDA has different accounts based on spread or commission. Alpari also provides PAMM Account and Micro Cent account good for beginners giving them an advantage. Both brokers additionally has Islamic Account, which is meant for traders following Sharia laws with suited conditions and applicable laws available.
Markets & Instruments
The range of trading instruments offered by Alpari and OANDA is slightly different, as OANDA offers Bonds option (which are not present in Alpari’s offer), while Alpari is focused on Binary Options.
Trading Platforms are equal for Alpari and OANDA, both has different platforms, market popular MetaTrader and good range of tools.
Deposit & Withdrawal Methods
Alpari has advantage in the range of different payment methods, however due to its registration in offshore, OANDA provides most reliable and regulated payment methods. Both brokers charges no fees for money transfers.
For additional services like education and customer support, both brokers are very alike, both provides quality education with Webinars and very good Video tutorials, Customer support is responsive and quick.
Conclusion on Alpari vs OANDA
Concluding Alpari and OANDA comparison we found both negative and positive points. Trading costs are almost the same, in combination with relatively similar instrument range but with advantage for OANDA, also OANDa is considered more safe to trade due to numerous regulations. Here is our final recommendation:
- Alpari – 🥇 Best Broker for Binary Options and Forex Trading, recommended for beginning traders.
- OANDA – 🥇 Best Broker for Currency trading and Commodity Trading, is a choice for beginning traders and regular size traders internationally.