Oanda vs Alpari International Broker Comparison

Are you trying to figure out which is a better broker, Oanda or Alpari International? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Alpari International is the better of the two. Alpari International offers 90+ instruments, licenses from FCA, and fair trading fees.

In the tables below, you can compare the features of Oanda and Alpari International side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Alpari International higher than Oanda.

Rating
90/100
90/100
Min. Deposit
0$
5$
Regulated By
FCAFCA
ASICASIC
FSA(SVG)FSA(SVG)
FCAFCA
Bonus
No Information
Cashback
Min. Spread
0
1.2
Max. Leverage
1:200
1:1000
Currency Pairs
45
60
Trading Instruments
126
90+
Trading Platforms
MT4, mobile, WebTrader
MT4, MT5, mobile
Deposit Methods
Bank wire, Visa, Mastercard, Skrill, Neteller and others
Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more
Type of Brokers
Market Maker
STP/ECN
Customer Support
24/7
24/5
Language Support
4
8
Established
1990
1998
Used By
100,000 Traders
2,000,000+ Traders

Does Oanda or Alpari International have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Oanda and Alpari International are, we first considered the common fees on Standard Accounts. At Oanda the average spread for the EUR/USD currency pair is 0 pips, whilst at Alpari International the spread is 1.2.

This shows that Oanda is the better option for low-cost forex trading.

When it comes to non-trading fees, Oanda charges for . Alpari International charges for inactivity. With this in mind, Oanda has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Alpari International is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Oanda or Alpari International?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Oanda is regulated by FCA, ASIC, FSA(SVG), NFA, IIROC, MAS and does not offer client protection. Alpari International is regulated by FCA and does not offer client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that Alpari International is the safer broker.

Broker summary

How many trading instruments are available at Oanda and Alpari International?

Oanda provides traders with 126 instruments. This includes 45 currency pairs, cryptocurrencies, and stocks and shares. With Oanda, you cannot trade CFDs.

In comparison, Alpari International boasts 90+ tradable instruments. Alpari International offers 60 currency pairs, 4 cryptocurrencies, and 10 stocks and shares. Alpari International also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Oanda or Alpari International?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Oanda provides you with the ability to trade via 3 trading platforms, and Alpari International has 3 trading platforms, too. Both brokers also offer research and trading tools, however Alpari International has more.

Overall, our experts agree that Alpari International boasts the better trading platform offering.

Research Tools

Which is better for beginners, Oanda or Alpari International?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that Alpari International is the better broker for beginner traders as it offers a larger range of educational tools and materials. Alpari International also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that Alpari International is the better broker in a range of key areas. You can learn more by reading our Oanda and Alpari International reviews.

Oanda vs Alpari International
Oanda
90
Points
Alpari International
90
Points
Overall
Oanda
Points
Alpari International
92
Points
Commissions & Fees
92 points
Oanda
Points
Alpari International
93
Points
Licensing & Safety
93 points
Oanda
Points
Alpari International
90
Points
Trading Platforms & Tools
90 points
Oanda
Points
Alpari International
96
Points
Payments
96 points
Oanda
Points
Alpari International
96
Points
Customer Service
96 points
Oanda
Points
Alpari International
88
Points
Educational
88 points
Open Account in Alpari International