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Compare Forex Brokers Alpari And Oanda


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Subjective Ratings

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Alpari

Oanda

Charting: Four and Half star Charting Rating Two star Charting Rating
Execution: Four and Half star Execution Rating Four star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Four star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Three and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Three star Platform Reliability Rating
Customer support: Four star Customer Support Rating Three star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Five star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four and Half star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Three and Half star Average Rating

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Business Details

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Alpari

Oanda

 
Registered Business Name: Alpari NZ Limited (New Zealand) Oanda Corporation
Broker Headquarters: New Zealand Toronto, Canada
Also has offices in: Many branches around Russia Virtual offices in New York and Hong Kong
Regulated By: FRA (Russia) NFA (0325821)
FCM registered with CFTC
In business since year: 1998 2002
Broker Capital as of 03-2009 Unknown $170,799,434
Client Account Segregation: ASB Bank New Zealand No
Collect Taxes on Earnings: No No
Prohibit clients from: No Yes
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada

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Trading Details

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Alpari

Oanda

 
Browser platform: Currenex ECN (for pro.direct accounts) FXTrade (proprietary) - MAC compatible
Downloadable platform: Alpari MetaTrader 4 (MT4) No
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) FXTrade (proprietary) - MAC compatible
Phone dealing: Yes No
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   No swap-free accounts available
Tradeable Instruments: 53    39   
No Dealing Desk Execution: Yes Yes
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 0.9 pips (0.00009)
Fixed spreads: No No
Guaranteed stop losses? No No
Trailing Stops: Server-side Server-side
OCO orders available: Yes o Yes
If/then orders available: Yes o Yes
Hedging capability: Yes No
Automated Trading: Yes, on MT4 No
Trading Hours:    
Timezone GMT User-defined
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Yes
Account currencies available: EUR, Gold, USD USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Chinese, English, German, Japanese, Spanish
Support languages: Chinese, English, Russian, Spanish English
Demo account: 30 days Unlimited
Live chat support: Yes - a little slow but top quality Yes
Interest on Margin: Yes Yes
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. None

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