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Compare Forex Brokers FXCM And Alpari


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Subjective Ratings

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FXCM

Alpari

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Five star Execution Rating Four and Half star Execution Rating
Transaction costs (spreads): Four star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Four star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Five star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Four star Platform Reliability Rating Five 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 Four star Rollover interest rates Rating
Withdrawal processing: Four and Half 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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FXCM

Alpari

 
Registered Business Name: Forex Capital Markets LLC Alpari NZ Limited (New Zealand)
Broker Headquarters: New York City, USA New Zealand
Also has offices in: London, Hong Kong and Tokyo Many branches around Russia
Regulated By: USA: NFA (0308179), registered FCM with CFTC
UK: FSA (217689)
Hong Kong: SFC (CE: AIM232)
FRA (Russia)
In business since year: 1999 1998
Broker Capital as of 11-2008 $131,416,979 Unknown
Client Account Segregation: Available to all clients of FXCM UK which welcomes US-based clients. ASB Bank New Zealand
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
ACH $0 $0
Check $0 $0
MasterCard $0 $0
Visa $0 $0
Wire Transfer $0 $40
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
Main liquidity providers: 10 top-tier banks - names not disclosed Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others

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Trading Details

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FXCM

Alpari

 
Browser platform: Java Trading Station (for Mac users) or FXCM ActiveTrader Currenex ECN (for pro.direct accounts)
Downloadable platform: FXCM Trading Station 2.0, FXCM MetaTrader 4 (MT4) Alpari MetaTrader 4 (MT4)
Mobile platform: Java Trading Station (for Mac users) or FXCM ActiveTrader Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone)
Phone dealing: Yes Yes
Order processing: Straight-through to multiple liquidity providers ECN on pro.direct accounts
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Gold Account 200:1* $25,000/unlimited 10,000/50,000,000
Standard Account 200:1* $2,000/unlimited 10,000/50,000,000
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
Swap-free accounts       $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.
Tradeable Instruments: 32    53   
No Dealing Desk Execution: All orders Yes
Typical spread on EUR/USD: 2.3 pips (0.00023) 0.5 pips (0.00005) - widens overnight Moscow time
Fixed spreads: No No
Guaranteed stop losses? All orders are executed at best available price. No
Trailing Stops: Server-side Server-side
OCO orders available: Yes Yes o
If/then orders available:   Yes o
Hedging capability: No Yes
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours: Sunday 5:00PM ET to Friday 4:00PM ET  
Timezone User-defined (GMT is the defau GMT
Scalping allowed: Yes, FXCM does not impose any restrictions on your trading style. Yes - Currenex ECN places no restrictions on trading style.
Account currencies available: AUD, CAD, EUR, GBP, JPY, NZD, USD EUR, Gold, USD
Platform languages: English 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
Support languages: Arabic, Chinese, French, German, Italian, Japanese, Portuguese, Russian, Spanish, Urdu Chinese, English, Russian, Spanish
Demo account: 30 days 30 days
Live chat support: Normally 24/7 but may be down for weekly maintenance outside of trading hours. Yes - a little slow but top quality
Interest on Margin: No Yes
Promotions & tournaments: Courses and seminars/webinars with professional traders offered to real account holders. Gold account holders also get preferred treatment, free ProRealTime Charting package and a complimentary $1,000 daytrading course. 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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