TD Ameritrade vs Alpari Comparison
Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between TD Ameritrade and Alpari? Our independent database powered by our unbiased research will help you compare TD Ameritrade vs Alpari side-by-side.
What is Trust Score?
Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.
Can I trust TD Ameritrade?
TD Ameritrade has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.
Can I trust Alpari?
Alpari has a Trust Score of 68, giving it a "High Risk" Trust Score Label.
Is TD Ameritrade a good broker?
TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research, trading tools, and comprehensive educational resources for investing.
Is Alpari a good broker?
Founded in 1998, Alpari is one of the oldest MetaTrader brokers (and offers both MT4 and MT5) and an early pioneer of social copy-trading. Best known in Eastern Europe, Alpari offers a small but growing selection of CFD markets and platform tools. That said, Alpari's overall Trust Score rating is weighed down by its lack of significant regulatory licenses.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. TD Ameritrade holds regulatory licenses in the following Tier-1 jurisdictions: Canada (CIRO Authorised), Hong Kong (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Alpari, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: none. Neither have Australia (ASIC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither TD Ameritrade nor Alpari are China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses TD Ameritrade is none, while Alpari is Mauritius (FSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).
Which broker offers more trading platforms?
Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both TD Ameritrade and Alpari offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade
Does TD Ameritrade offer MetaTrader? Does Alpari offer MetaTrader?
For MetaTrader TD Ameritrade provides neither of these, while Alpari provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do TD Ameritrade and Alpari differ in terms of minimum deposit? What about average spreads and funding options?
TD Ameritrade requires a minimum deposit of $0, while Alpari requires a minimum deposit of $20. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that TD Ameritrade supports Bank Wire (Deposit/Withdraw) for funding and deposit methods, whereas Alpari supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)
Which broker offers more tradeable asset classes, TD Ameritrade or Alpari?
When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that TD Ameritrade delivers a more diverse selection of investment options than Alpari, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs). Neither have Spread Betting, Agriculturals, ETF and U.S. Stocks (CFD).
We also keep track of each broker’s total number of tradeable symbols; TD Ameritrade offers 0, and Alpari offers a total of 105 tradeable symbols.
Can I trade cryptocurrency with TD Ameritrade or Alpari?
Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither TD Ameritrade nor Alpari allow you to trade physical cryptocurrencies.
Who offers more research tools, TD Ameritrade or Alpari?
Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. TD Ameritrade delivers the following research tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). Alpari, on the other hand, provides the tools listed here: Autochartist, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Trading Central (Recognia)
Overall winner: TD Ameritrade
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.