Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
Eightcap, established in 2009, has garnered attention for its notable regulatory standing. It holds three Tier-1 licenses, establishing it as a trusted name in the online trading community. With a ForexBrokers.com Trust Score of 85, Eightcap is rated as a trusted broker. Despite not being publicly traded or a bank, its regulatory credentials give it a competitive edge over many other brokers in the market.
Alpari, on the other hand, has been around since 1998 but presents a different profile when it comes to regulation. The broker does not hold any Tier-1 or Tier-2 licenses, which are indicators of high trust and reliability in the industry. With a Trust Score of 68, Alpari is categorized as a high-risk option on ForexBrokers.com compared to Eightcap. Like Eightcap, Alpari is not traded on any stock exchange and is not a bank. These aspects are pivotal for users seeking a broker with high regulatory assurance.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Year Founded | 2009 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Eightcap and Alpari, Eightcap provides two account options: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists an average spread of 0.06 pips. However, including the $3.50 per trade commission, the total cost averages about 0.76 pips, slightly below the industry standard of 0.8 pips. While considered slightly pricier than the most affordable forex brokers, Eightcap maintains a competitive edge in the market.
Alpari, on the other hand, does not provide specific average spread data, making direct cost comparison challenging. Despite this, both brokers receive a solid 4 out of 5 stars for commissions and fees, reflecting their positive reputation in this area.
Within the rankings of 63 brokers on ForexBrokers.com, Eightcap holds a commendable #26 position for its competitive pricing structure. This is somewhat higher than Alpari, which is positioned at #41. The rankings and ratings indicate that while both brokers offer reasonable costs, Eightcap presents a slightly more favorable option for traders focused on commissions and fees.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and Alpari both offer forex trading as CFDs or spot contracts, providing flexibility for traders looking to engage in the foreign exchange market. Eightcap presents a notably wider array of investment opportunities with 800 tradeable symbols and 56 forex pairs, compared to Alpari's 105 tradeable symbols and 46 forex pairs. While neither broker allows for the purchase of exchange-traded securities on U.S. exchanges, Alpari offers the advantage of trading such securities on international exchanges, unlike Eightcap.
Both Eightcap and Alpari offer copy trading, letting users replicate the strategies of experienced investors. Additionally, both provide options to trade cryptocurrency derivatives, though they do not facilitate the purchase of actual cryptocurrencies. When evaluated on their range of investments, Eightcap receives a higher rating of 3.5 stars, securing the 40th position out of 63 brokers per ForexBrokers.com, whereas Alpari earns 3 stars, ranking last at 63rd place.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 105 |
| Forex Pairs (Total) | 56 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing trading platforms and tools, both Eightcap and Alpari provide traders with a comprehensive set of features. Eightcap and Alpari each support simulated trading, offering free virtual demo accounts that allow users to practice and refine their strategies without the risk of real money. Neither broker currently includes DupliTrade or ZuluTrade in their offerings, but both provide the widely used MetaTrader 4 and MetaTrader 5 platforms. While Eightcap operates without a proprietary platform, Alpari has developed its own in-house trading platform, providing an additional option for its users. Both companies cater to diverse preferences by supporting Windows-based desktop platforms and web-based browser platforms, giving traders flexibility in their trading environments.
In terms of charting tools, Eightcap and Alpari are evenly matched, each offering 15 drawing tools and enabling users to trade directly from stock charts. Both platforms allow traders to create watch lists with up to seven columns, making tracking different financial instruments convenient. However, when it comes to ForexBrokers.com rankings, Eightcap holds a slight edge, positioned at 38 out of 63 brokers for trading platforms and tools, compared to Alpari's 55th place. Despite these differences, both brokers maintain a solid four-star rating for their trading platforms and tools, reflecting their commitment to providing high-quality services to their clients.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Eightcap and Alpari offer mobile trading apps for iPhone and Android devices, allowing traders to access the markets anytime and anywhere. Traders using either app can receive stock or forex price alerts and create watchlists with real-time quotes. Each app provides 30 technical studies for charting, supports drawing trendlines, and enables views of multiple time frames like daily or weekly charts. However, Eightcap has an edge with its ability to sync watchlist symbols seamlessly between the mobile app and online account, ensuring that any changes made in one are reflected in the other. Moreover, Eightcap’s app auto-saves drawings on charts, a feature not available with Alpari.
In terms of ratings, both Eightcap and Alpari score 4 stars for their mobile trading apps. Yet, when it comes to rankings by ForexBrokers.com, Eightcap holds a superior position, coming in at #38 out of 63 brokers while Alpari sits at #56. This may indicate a slightly more polished experience with Eightcap, especially with its additional functionalities like watchlist syncing and drawing auto-save, which contribute to a more streamlined trading process for its users.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and Alpari for market research, traders will notice distinct differences in the features offered by each broker. Eightcap provides daily market commentary, which can be valuable for traders looking for regular insights. Moreover, it offers a sentiment-based trading tool to analyze the market positions of various currencies. Alongside Alpari, it also includes an economic calendar to keep traders updated on global financial events. However, Eightcap lacks access to top-tier forex news sources like Bloomberg and Reuters, which Alpari offers, aiding in informed trading decisions.
Alpari shines when it comes to providing access to high-quality forex news from leading sources, and it supports Autochartist tools for technical and fundamental research, which Eightcap does not. However, it does not provide daily market commentary or a sentiment-based tool like Eightcap. In terms of research ratings, Eightcap scores 3.5 out of 5 stars, ranking 39th among 63 brokers, while Alpari earns 3 stars and ranks 57th. This data suggests that while both brokers offer valuable tools, Eightcap may provide a slightly better research environment for traders seeking detailed market analysis.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders looking for educational resources, both Eightcap and Alpari offer a foundational selection of materials, including articles and videos focused on forex and CFDs. Each broker provides at least 10 pieces of educational content aimed at new traders, making them suitable options for those starting out in the trading world. However, differences emerge in the breadth of resources available. While Alpari and Eightcap both offer a series of beginner-focused educational videos, only Eightcap provides access to a searchable archive of previously recorded client webinars. This feature gives Eightcap an edge for traders interested in learning from past discussions and workshops.
When it comes to advanced educational resources, neither Eightcap nor Alpari meet the criteria for offering a substantial number of videos for seasoned traders. On the bright side, both brokers supply a comprehensive investor dictionary with over 50 vital trading terms explained, making it easier for new traders to understand the market language. According to ForexBrokers.com, Eightcap outperforms Alpari with a 3.5-star educational rating compared to Alpari's 3 stars and is ranked higher at #40 compared to Alpari's #48 out of 63 brokers for educational support. Despite these differences, both brokers have a step-by-step approach to help beginners make their initial foray into the trading world.
| Feature |
Eightcap
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Alpari. Eightcap finished with an overall rank of #38, while Alpari finished with an overall rank of #58.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 68 |
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Both Eightcap and Alpari offer the ability to buy cryptocurrency derivatives but do not provide options for purchasing actual delivered cryptocurrency.
When comparing Eightcap and Alpari for online brokerage services, both offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing account funds, but Eightcap provides PayPal while neither supports ACH or SEPA transfers.
Please note:
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.
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0 of 5| Overall Rating | Eightcap | Alpari | |
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| Trust Score | 85 | 68 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Alpari | |
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| Regulation | Eightcap | Alpari | |
|---|---|---|---|
| Trust Score | 85 | 68 | |
| Year Founded | 2009 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Eightcap | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 105 | |
| Forex Pairs (Total) | 56 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Eightcap | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Eightcap | Alpari | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Eightcap Review |
| Overall | Eightcap | Alpari | |
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| Trust Score | 85 | 68 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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