Comparative analysis of Alpari and DotBig online brokers. Different trade terms, different types of accounts, different commissions. Which broker is the most profitable for beginners and professional traders?
Broker Comparison of DotBig and Alpari brokers, detailed trade conditions analysis
To carry out efficient and safe Forex trading, it is necessary to compare brokers. This will allow you to reveal a company with the most favorable conditions. However, Comparative analysis is carried out taking into account various factors: commissions, a variety of financial instruments, types of trading accounts.
This article compares Alpari and DotBig Forex brokers popular in 2021.
Fundamental differences between brokers
Both brokers provide the possibility of classical and automatic online trading. Investors can use trade signals and advisors. DotBig ltd offers a platform for social trading in addition to standard services for automatic trading. The ability to copy transactions of other market participants is an advantage for aspiring investors. To compare brokers in more detail, we have compiled a comparative profile.
Alpari trading conditions:
- leverage: 1:3000;
- bonus program – yes;
- account types: nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5;
- trading platforms: MetaTrader 4, MetaTrader 5, a mobile platform;
- affiliate program – yes;
- technical support: 5/2;
- training -: yes.
DotBig trading conditions:
- leverage: 1:400;
- bonus program – yes;
- account types: basic, standard, silver, gold, platinum;
- trading platforms: MetaTrader 5, a web terminal, a mobile platform;
- affiliate program – yes;
- technical support: 5/2
- training – yes.
The trading conditions of these brokers differ in the amount of leverage, the list of terminals for trading, and the list of assets. Also, Alpari provides access to Forex, Metals, CFDs, and Binary options. While the second broker complements the list of financial instruments with ETFs, stocks, and cryptocurrencies (Find the list of the best cryptocurrency exchanges here). Both companies offer their clients to undergo training, as well as take part in affiliate and bonus programs.
The fundamental differences revealed in the online broker comparison process are:
- Alpari provides a Binary options trading service.
- Also, DotBig ltd offers clients to issue a cryptocurrency card for replenishment of a deposit and withdrawal of funds in cryptocurrencies.
- Alpari has a system for investing in PAMM-accounts and PAMM-portfolios.
- However, DotBig has developed a proprietary web terminal that provides all the basic functions for Forex trading.
In addition to trading conditions, when comparing brokers, it is also necessary to take into account their attitude towards clients. Also, You can contact these companies by telephone, e-mail, and social media. When comparing brokers, it was found that the managers of both supports promptly respond to clients’ requests, providing detailed information on technical and trading issues. Newcomers to the Forex market receive advice and recommendations from trading specialists.
When comparing broker fees, no hidden payments were found in any of the companies.
When replenishing an account and withdrawing funds, Alpari’s clients pay a commission, which is set individually in different payment systems. This broker has a swap (fee for moving a position to the next day).
Also, The second object of the comparative analysis doesn’t charge a commission for the replenishment of the deposit. The withdrawal fee is up to 3.5%, depending on the transfer method.
Comparison of broker spreads showed that for both companies they start from 0 pips. This index can be extended at night, during a bank rollover.
Based on the comparison of brokers’ rates, it can be seen that both companies offer several types of accounts. Also, The choice of the most suitable conditions depends on the trading volume, initial capital, and trading skills. However, Alpari does not have a minimum deposit on the Nano cent account, an investor can deposit any amount. Tariffs are categorized by type depending on the trading platform where they are applied. Beginner traders can use a Standard account. Although, Ecn tariffs do not include a fixed commission, and the broker’s fee is included in the spread. Pro is an account for professional investors that provides access to interbank liquidity and distinguished by instant order execution.
However, The basic DotBig tariff allows you to trade Forex with a minimum deposit of $100. Starting with a silver account, you can work with a personal manager. The gold and platinum tariffs are notable for the cashback, personal portfolio, and trade strategy.
Bank transfers and international payment system cards are available from both brokers for deposit replenishment and withdrawal. Both companies also provide a wide range of online services:
- Alpari: Perfect Money, Vload eVouchers, ADVCash, WebMoney, Kassa24;
- DotBig: WebMoney, Transferwise, PayPal, Qiwi, YooMoney.
When comparing Forex brokers, the ability to replenish a deposit and withdraw funds using cryptocurrencies also taken into account. Both analyzed companies provide their clients with such a possibility. Digital currencies do not need to be additionally converted for transactions.
Conclusion on the broker comparison
A comparative analysis of two online brokers revealed that both companies customer-oriented and developed dynamically in 2021. However, To trade on Forex with the most advantageous terms, consider your strategy, starting capital, and level of professionalism in the sphere of online trading. When comparing brokers’ commissions, it also found that DotBig is more profitable for clients who make a deposit for large amounts since it’s not charge fees when depositing funds.