Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
Both FinecoBank and Alpari are well-established names in the online brokerage industry, having been founded in 1999 and 1998 respectively. However, while FinecoBank is publicly traded and operates as a bank, Alpari is neither publicly listed nor a bank. These differences highlight the organizational structures of the two brokers, each influencing their operational and regulatory landscapes. FinecoBank holds two Tier-1 licenses, considered highly trusted in the industry, whereas Alpari does not hold any Tier-1 licenses.
When it comes to trust and regulatory compliance, FinecoBank scores a 94 out of 99 on the ForexBrokers.com Trust Score, categorizing it as a highly trusted broker. On the other hand, Alpari has a Trust Score of 68, placing it in the high-risk category. These scores reflect their respective levels of regulatory oversight and overall reliability, providing potential clients with a clear picture of what to expect from each broker.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Year Founded | 1999 | 1998 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and Alpari regarding their commissions and fees, both brokers do not provide average spread data for forex and CFD trading. This lack of transparency makes it challenging to accurately determine the true trading costs for both platforms. FinecoBank lists a spread of 1 pip for the EUR/USD currency pair, which is considered higher compared to what is typically offered by forex brokers. They also mention a spread of 0.8 pips without specifying if this is an average or providing a date range. However, FinecoBank might have lower spreads on its index CFDs.
Alpari, on the other hand, also does not publish average spread data, which leaves traders without clear insight into potential costs when trading with them. Despite this, Alpari still seems to fare slightly better in industry evaluations when it comes to fees and commissions.
In terms of ratings, FinecoBank is rated 3.5 out of 5 stars for commissions and fees. It holds the #51 position out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com. Alpari is rated slightly higher with 4 stars, ranking at #41. This indicates that Alpari is generally viewed more favorably concerning cost efficiency by industry standards.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the variety of investment opportunities provided by FinecoBank and Alpari, FinecoBank stands out with a significantly larger selection. FinecoBank offers an impressive 9,770 tradeable symbols, including access to 54 forex pairs, which is notably higher than Alpari’s offering of 105 tradeable symbols and 46 forex pairs. This breadth extends to exchange-traded securities; FinecoBank grants clients the ability to invest directly in U.S. stocks like Apple (NASDAQ: AAPL) and international stocks such as Vodafone (London Stock Exchange), while Alpari does not support direct investments in U.S. stocks, although it does offer international exchange-traded securities.
In terms of additional features, FinecoBank does not offer copy trading or cryptocurrency investments, whereas Alpari provides options like copy trading and cryptocurrency derivatives. Despite this, FinecoBank has received a higher rating of 4.5 stars for its range of investments, compared to Alpari’s 3 stars. Furthermore, FinecoBank is ranked #16 out of 63 brokers for its investment range by ForexBrokers.com, significantly ahead of Alpari, which holds the last position at #63. This highlights FinecoBank’s broader and more comprehensive array of investment options for diverse trading portfolios.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 105 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
FinecoBank and Alpari are both prominent players in the online trading world, yet they cater to slightly different needs when it comes to trading platforms and tools. FinecoBank comes equipped with its own proprietary platform, providing a downloadable option for Windows users, along with a web-based trading interface. However, it lacks a free virtual demo account for simulated trading. Alpari, on the other hand, offers a similar range of platform options, including both desktop and browser-based platforms. Alpari also features its own proprietary platform, and it supports popular options like MetaTrader 4 and MetaTrader 5, making it more appealing for traders looking to use globally recognized tools.
In terms of advanced trading features, Alpari offers copy trading and the ability to trade directly from stock charts, features not available through FinecoBank. When it comes to charting tools, FinecoBank provides seven drawing tools compared to Alpari's fifteen, adding to Alpari's appeal for those who rely heavily on technical analysis. FinecoBank fares well with a four-star rating for its trading platforms and tools and is ranked #18 by ForexBrokers.com. Alpari also holds a four-star rating but is ranked lower at #55 in the same category, indicating a strong but slightly more niche offering compared to FinecoBank's broader appeal. Overall, the choice between the two brokers may come down to the specific tools and trading options each trader values most.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FinecoBank and Alpari, both brokers provide applications for iPhone and Android users. They also offer stock or forex price alerts, along with the ability to view multiple time frames on charts. However, neither app syncs watchlists with the online account, nor do they automatically save chart drawings. A clear distinction lies in the charting tools: FinecoBank provides six technical studies and does not support trendline drawing, whereas Alpari offers 30 technical studies and allows users to draw trendlines.
FinecoBank's app lacks the capability to create a watchlist with real-time quotes, a feature that Alpari includes. In terms of user ratings, both apps have scored four out of five stars. FinecoBank, however, is ranked higher at 42 out of 63 brokers on ForexBrokers.com for mobile trading apps, compared to Alpari's position at 56. This comparison highlights important elements for traders looking to choose a mobile platform that meets their needs.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, FinecoBank and Alpari provide differing services for traders interested in current financial news and analysis tools. Both brokers deliver forex news from reputable sources such as Bloomberg, Reuters, and Dow Jones, ensuring that clients stay informed with the latest updates. They also offer economic calendars, an essential tool for keeping track of significant global events. However, FinecoBank and Alpari do not provide daily market commentary or market research sourced from TipRanks. Additionally, neither broker offers Trading Central's technical or fundamental analysis tools, nor do they have sentiment-based trading tools or access to Acuity Trading instruments like Signal Centre.
Alpari distinguishes itself from FinecoBank by offering Autochartist's technical analysis tools, providing users with advanced insights into potential trading opportunities. Despite this advantage, FinecoBank receives a higher research rating with a solid 4.0 stars compared to Alpari's 3 stars. This reflects in their respective rankings, where FinecoBank holds the 33rd spot among 63 brokers in ForexBrokers.com's research category, while Alpari stands at 57th place. For traders prioritizing research capabilities, FinecoBank emerges as the stronger choice, despite Alpari's additional tool offering from Autochartist.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing FinecoBank and Alpari for educational resources aimed at beginners, several key differences emerge. FinecoBank excels in offering monthly webinars for their clients, providing live educational experiences that can be very beneficial for those new to trading. However, they do not maintain an archive of these webinars for future reference. In contrast, Alpari lacks this consistent, live educational offering but makes up for it with a wealth of educational content focused on forex and CFDs, offering more than 10 diverse educational resources to bolster a beginner's learning curve. Both brokerages provide beginner-friendly video content covering entry-level trading topics and maintain comprehensive investor dictionaries with over 50 terms, aiding users in learning the language of investing.
Evaluating more advanced educational content, both FinecoBank and Alpari do not offer a significant catalog catering to seasoned traders, which may be a consideration for users seeking in-depth knowledge as they progress. Despite differences in their educational approach, FinecoBank is rated slightly higher at 4.0 stars compared to Alpari's 3 stars in the education category. Interestingly, despite the higher rating, ForexBrokers.com ranks FinecoBank at #49 out of 63, just a notch below Alpari's ranking of #48. This ranking suggests that while both platforms have strengths in their educational offerings, there is still room for growth in providing comprehensive resources for all levels of traders.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | 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 FinecoBank is better than Alpari. FinecoBank finished with an overall rank of #25, while Alpari finished with an overall rank of #58.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 68 |
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FinecoBank does not provide options to buy actual cryptocurrency or cryptocurrency derivatives, while Alpari allows clients to purchase cryptocurrency derivatives but not the actual cryptocurrency.
In comparing online brokers FinecoBank and Alpari, FinecoBank provides ACH and SEPA transfers as well as bank wire options for depositing or withdrawing funds but lacks support for PayPal, Skrill, Visa, and Mastercard, while Alpari offers Skrill, Visa, Mastercard, and bank wires but not ACH, SEPA, or PayPal for transactions.
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 | FinecoBank | Alpari | |
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| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Alpari | |
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| Regulation | FinecoBank | Alpari | |
|---|---|---|---|
| Trust Score | 94 | 68 | |
| Year Founded | 1999 | 1998 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 105 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Alpari | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | Alpari | |
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| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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