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Compare Forex Brokers Oanda And Alpari


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Subjective Ratings

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Oanda

Alpari

Charting: Two star Charting Rating Four and Half star Charting Rating
Execution: Four 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: Three 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: Three star Platform Reliability Rating Five star Platform Reliability Rating
Customer support: Three star Customer Support Rating Four star Customer Support Rating
Rollover interest rates: Five 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: Three and Half star Average Rating Four and Half star Average Rating

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Business Details

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Oanda

Alpari

 
Registered Business Name: Oanda Corporation Alpari NZ Limited (New Zealand)
Broker Headquarters: Toronto, Canada New Zealand
Also has offices in: Virtual offices in New York and Hong Kong Many branches around Russia
Regulated By: NFA (0325821)
FCM registered with CFTC
FRA (Russia)
In business since year: 2002 1998
Broker Capital as of 11-2008 $170,799,434 Unknown
Client Account Segregation: No ASB Bank New Zealand
Collect Taxes on Earnings: No No
Prohibit clients from: Yes No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Check (US clients) $0 $0
PayPal $0 $0
Wire Transfer $0 $0
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
Main liquidity providers: P Morgan Chase, Citibank, UBS, Deutsche Bank and Royal Bank of Canada Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others

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Trading Details

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Oanda

Alpari

 
Browser platform: FXTrade (proprietary) - MAC compatible Currenex ECN (for pro.direct accounts)
Downloadable platform: No Alpari MetaTrader 4 (MT4)
Mobile platform: FXTrade (proprietary) - MAC compatible Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone)
Phone dealing: No Yes
Order processing: Market Maker ECN on pro.direct accounts
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
Standard Account 50:1* No mininum or maximum requirem 1/10,000,000
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   No swap-free accounts available   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.
Tradeable Instruments: 39    53   
No Dealing Desk Execution: Yes Yes
Typical spread on EUR/USD: 0.9 pips (0.00009) 0.5 pips (0.00005) - widens overnight Moscow time
Fixed spreads: No No
Guaranteed stop losses? No No
Trailing Stops: Server-side Server-side
OCO orders available: Yes Yes o
If/then orders available: Yes Yes o
Hedging capability: No Yes
Automated Trading: No Yes, on MT4
Trading Hours:    
Timezone User-defined GMT
Scalping allowed: Yes Yes - Currenex ECN places no restrictions on trading style.
Account currencies available: USD EUR, Gold, USD
Platform languages: Chinese, English, German, Japanese, Spanish 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: English Chinese, English, Russian, Spanish
Demo account: Unlimited 30 days
Live chat support: Yes Yes - a little slow but top quality
Interest on Margin: Yes Yes
Promotions & tournaments: None 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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