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Compare Forex Brokers Alpari And AvaTrade


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Subjective Ratings

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Alpari

AvaTrade

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

AvaTrade

 
Registered Business Name: Alpari NZ Limited (New Zealand) AvaTrade
Broker Headquarters: New Zealand Tel Aviv, Israel
Also has offices in: Many branches around Russia British Virgin Islands as well as Ireland (it is a question whether these are real offices or not).
Regulated By: FRA (Russia) Central Bank of Ireland
In business since year: 1998 2006
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand Client funds segregated in accounts at Commerzbank, NatWest, Allied Bank, Net Bank
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
Diners Club $0 $0
MasterCard $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Visa $0 $0
WebMoney $0 $0
Wire Transfer $0 $0 (min $500)
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others Unknown

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Trading Details

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Alpari

AvaTrade

 
Browser platform: Currenex ECN (for pro.direct accounts) AvaJava
Downloadable platform: Alpari MetaTrader 4 (MT4) AvaFX Metatrader 4 (MT4),AvaTrader (ActTrader)
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) AvaJava (for Android),AvaJava (for Blackberry),AvaJava (for iPad),AvaJava for iPhone
Phone dealing: Yes Yes
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:
Platinum 400:1* on MT4, 200:1* on ActTr $10,000/unlimited 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Silver 400:1* on MT4, 200:1* on ActTr $100/$999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
Gold 400:1* on MT4, 200:1* on ActTr $1,000/$9,999 1,000/unlimited 1,000 minimum on MT4, 5,000 minimum on ActTrader
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    43   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 3 pips (0.0003)
Fixed spreads: No Yes
Guaranteed stop losses? No No - orders executed at best available price
Trailing Stops: Server-side Server-side
OCO orders available: Yes o Yes
If/then orders available: Yes o No
Hedging capability: Yes Yes
Automated Trading: Yes, on MT4 On MT4 and ActTrader
Trading Hours:   The platform is closed from Friday 9 pm GMT until Sunday 9 pm GMT
Timezone GMT GMT
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Fast trading is OK. Arbitrage is not.
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 Arabic, Chinese, Dutch, English, Finnish, French, German, Hebrew, Hungarian, Italian, Japanese, Korean, Portuguese, Russian, Slovak, Spanish, Turkish
Support languages: Chinese, English, Russian, Spanish Arabic, Chinese, Croatian, Dutch, English, Finnish, French, German, Greek, Hebrew, Hindi, Indonesian, Italian, Japanese, Malay, Norwegian, Polish, Portuguese, Punjabi, Romanian, Russian, Serbian, Slovak, Spanish, Swedish, Turkish, Urdu
Demo account: 30 days 21 days
Live chat support: Yes - a little slow but top quality Yes - very helpful staff
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. 25% bonus on your first deposit. AvaFX debit card available for easy withdrawals.

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