Alpari Internationalvs
OANDAForex Broker Comparison
Two longstanding forex brands clash on regulation, fees and platforms, highlighting opposite strengths and trade-offs in a modern comparison.
Our Verdict
OANDA winsClear Winner
OANDA leads overall by editorial score thanks to stronger regulation and investor protection, while Alpari International remains appealing for low minimum deposits and ECN pricing.
OANDA
4.6/5
Alpari International
3.9/5
Key Differences
- 1Alpari offers 250 instruments vs 70 at OANDA.
- 2Raw spreads available on Alpari only.
- 3Top-tier regulation: OANDA has FCA/ASIC/NFA; Alpari lacks it.
Who should choose Alpari International vs OANDA?
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you prefer ECN pricing with a $6/lot commission and a $5 minimum deposit.
Choose OANDA if…
Choose OANDA if you value top-tier regulation and investor protection with a $0 minimum deposit.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Alpari International offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
Recommended
Alpari International vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.8 / 5▲ |
Alpari International vs OANDA Forex Broker Pros & Cons
Pros
26-year brand history in retail forex
Mature PAMM investor platform, one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
Alpari International vs OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
Alpari International
criteria wins
5
OANDA
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Alpari International | OANDA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Alpari International vs OANDA: Frequently Asked Questions
OANDA rates 4.6/5 versus 3.9/5 for Alpari International. OANDA edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
Alpari International starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while Alpari International requires at least $5. This makes OANDA more accessible for traders with limited starting capital.
OANDA holds top-tier regulation (FCA, ASIC, CBI), providing stronger investor protections. Alpari International may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
OANDA stands out for beginners: it has a lower entry point and provides negative balance protection, which caps losses at your deposited amount. Also compare demo account availability and educational resources before deciding.
Alpari International lists maximum leverage of 1000:1, while OANDA lists up to 50:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Alpari International charges $6 per lot on commission-based accounts. Commission details for OANDA are not currently available. Check their website for up-to-date pricing.
Alpari International supports MetaTrader 5, MetaTrader 4, while OANDA supports MetaTrader 5, Proprietary Web/Mobile, TradingView, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. OANDA has exclusive access to Proprietary Web/Mobile and TradingView.
