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TD Ameritrade vs Alpari 2023

BrokerNotes.co

Written by BrokerNotes.co

February 07, 2023

Trying to decide between TD Ameritrade and Alpari? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, TD Ameritrade ranks more highly than Alpari.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingTD AmeritradeAlpari
Overall Rating 9.5 / 10 6.8 / 10
Account TypeTD AmeritradeAlpari
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No Yes
Copy TradingTD AmeritradeAlpari
Social Trading / Copy Trading No Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyTD AmeritradeAlpari
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No Yes
Bitcoin Yes Yes
ethereum No Yes
Forex Trading (Spot or CFDs)TD AmeritradeAlpari
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TD AmeritradeAlpari
DAX No Yes
Dow Jones No Yes
FTSE No Yes
NASDAQ 100 No Yes
Nikkei No Yes
SP 500 No Yes
InvestmentsTD AmeritradeAlpari
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No Yes
Metals No Yes
Energies No Yes
Agriculturals No No
ETF No No
U.S. Stocks (CFD) No No
Trading PlatformsTD AmeritradeAlpari
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No Yes
Regulatory LicensesTD AmeritradeAlpari
Tier-1 Licenses 4 0
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes No
SFC Authorised (Hong Kong) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) Yes No
Tier-2 Licenses 0 0
Tier-3 Licenses 0 1
Research, EducationTD AmeritradeAlpari
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes No
Autochartist No Yes
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes No
Trading CostsTD AmeritradeAlpari
Minimum Initial Deposit $0 $20
Average Spread EUR/USD - Standard 1.25 pips (September 2022) N/A
All-in Cost EUR/USD - Active 1.25 pips (September 2022) N/A
Active Trader or VIP Discounts No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsTD AmeritradeAlpari
Watchlists - Total Fields 564 7
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 360 30
Mobile Charting - Indicators / Studies 360 30
Trust FactorsTD AmeritradeAlpari
Year Founded 1955 1998
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info No info
Trust Score 99 67
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TD Ameritrade vs Alpari Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs Alpari.

Can I trust TD Ameritrade?

TD Ameritrade has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Alpari?

Alpari has a trust score of 67, giving it a "High Risk" trust 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?

Alpari is one of the oldest MetaTrader brokers, 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, but lacks regulatory licenses in top-tier jurisdictions.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. TD Ameritrade is SFC Authorised (Hong Kong), MAS Authorised (Singapore), FCA Authorised (U.K.) and CFTC Registered (USA), while Alpari is none., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), CBI Authorised (Ireland), FSA Authorised (Japan), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

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 CBRC Authorised (China), CySEC Authorised (Cyprus), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE)., neither have DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses TD Ameritrade is none, while Alpari is FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

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. From our testing we found TD Ameritrade offers spreads of 1.25 pips (September 2022), while Alpari offers spreads of N/A. TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Alpari supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, TD Ameritrade or Alpari?

TD Ameritrade offers a more diverse selection of investment options than Alpari allowing you to trade Forex Trading (Spot or CFDs)., neither have Spread Betting, Agriculturals, ETF and U.S. Stocks (CFD) Looking at total tradeable symbols, TD Ameritrade has 0, compared to 105 from Alpari.

Can I trade cryptocurrency with TD Ameritrade or Alpari?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither TD Ameritrade nor Alpari allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Alpari?

In terms of research and research tools TD Ameritrade gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison Alpari has the tools listed here: Autochartist, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

TD Ameritrade Review

Alpari Review

Overall winner: TD Ameritrade

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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