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Compare Forex Brokers Alpari And AFB FX


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Subjective Ratings

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Alpari

AFB FX

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

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Business Details

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Alpari

AFB FX

 
Registered Business Name: Alpari NZ Limited (New Zealand) AFB FX Limited
Broker Headquarters: New Zealand Cyprus
Also has offices in: Many branches around Russia none
Regulated By: FRA (Russia) CySEC
In business since year: 1998 2010
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand Yes, client funds are kept separate from company operating capital
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Liberty Reserve $0 $0
Moneybookers $0 $0
Perfect Money $0 $0
WebMoney $0 $0
Wire Transfer $0 $0
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others There are 6 liquidity providers, but names are unknown

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Trading Details

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Alpari

AFB FX

 
Browser platform: Currenex ECN (for pro.direct accounts) AFB FX WebTrader
Downloadable platform: Alpari MetaTrader 4 (MT4) AFB FX Metatrader 4 (MT4)
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) Android,Blackberry,i-Mode,iPhone,Symbian (Nokia),Windows Mobile
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts ECN,STP No Dealing Desk
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:
Professional Account 100:1* High Deposit 100,000/5,000,000 units Microlot trading available on request
Advanced Account 100:1* $50,000/unlimited 100,000/5,000,000 units Microlot trading available on request
Standard Account 200:1* $5,000/unlimited 10,000/5,000,000 units Microlot trading available on request
Micro Account 500:1* $50/unlimited 1,000/5,000,000 units
Mini Account 400:1* $1,000/unlimited 1,000/5,000,000 units
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   Yes - no extra charges and available to everyone, not just Islamic traders
Tradeable Instruments: 53    46   
No Dealing Desk Execution: Yes There is no dealing desk intervention
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 0.6 pips (Professional) to 2 pips (Micro)
Fixed spreads: No No
Guaranteed stop losses? No Yes, limit and stop orders are guaranteed against slippage, except under market conditions
Trailing Stops: Server-side Client-side
OCO orders available: Yes o No
If/then orders available: Yes o No
Hedging capability: Yes Yes, traders can simultaneously hold both long and short positions in the same currency pair.
Automated Trading: Yes, on MT4 Yes
Trading Hours:   22:00 GMT on Sunday to 22:00 GMT on Friday
Timezone GMT GMT +2 (no Sunday bar)
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Scalping is not allowed
Account currencies available: EUR, Gold, USD EUR, 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 Many
Support languages: Chinese, English, Russian, Spanish Arabic, English
Demo account: 30 days  
Live chat support: Yes - a little slow but top quality  
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials.  

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