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FP Markets vs Alpari 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FP Markets better than Alpari? In our analysis of 23 international regulators across 62 of the best forex brokers, FP Markets is considered average-risk, with an overall Trust Score of 86 out of 99. Alpari is considered low-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmiral Markets
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxiTrader
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  • check_box_outline_blankcheck_boxFOREX.com
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  • check_box_outline_blankcheck_boxFP Markets
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Compare

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Overall RatingFP MarketsAlpari
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 67
Winner check_circle
Review FP Markets Review
Broker ScreenshotsFP MarketsAlpari
Trading Platforms Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Gallery (click to expand)
Education Gallery (click to expand)
RegulationFP MarketsAlpari
Trust Score 86 67
Year Founded 2005 1998
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info No info
Tier-1 Licenses 1 0
Tier-2 Licenses 2 0
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)FP MarketsAlpari
Australia (ASIC Authorised) Yes No
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) No No
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) No No
Tier-2 Licenses (Average Trust)FP MarketsAlpari
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes No
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) Yes No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) No No
Tier-3 Licenses (Low Trust)FP MarketsAlpari
Bahamas (SCB Authorised) No No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No Yes
Vanuatu (VFSC Authorised) No No
InvestmentsFP MarketsAlpari
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 10000 105
Forex Pairs (Total) 71 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 (CFD) 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).
CostFP MarketsAlpari
Average Spread EUR/USD - Standard 1.2 info N/A info
All-in Cost EUR/USD - Active 0.7 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker No Yes
Execution: Market Maker Yes Yes
FundingFP MarketsAlpari
Minimum Deposit $100 AUD $20
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsFP MarketsAlpari
Proprietary Platform Yes 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 Yes No
DupliTrade No No
ZuluTrade No No
Trading ToolsFP MarketsAlpari
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 TradingFP MarketsAlpari
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies MetaTrader (Default) 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchFP MarketsAlpari
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationFP MarketsAlpari
Education (Forex or CFDs) Yes Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsFP MarketsAlpari
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 FP Markets Review
OverallFP MarketsAlpari
Overall Rating 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Offering of Investments 4.5/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 67
Winner check_circle
Review FP Markets Review
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FP Markets 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 62 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Alpari.

Does FP Markets or Alpari offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or Alpari safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FP Markets holds 1 global Tier-1 licenses, while Alpari holds 0. FP Markets holds 2 global Tier-2 licenses, while Alpari holds 0. In our analysis of 23 international regulators across 50 brokers, FP Markets earned a higher Trust Score than Alpari.

Which trading platform is better: FP Markets or Alpari?

To compare the trading platforms of both FP Markets and Alpari, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, FP Markets offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FP Markets and Alpari offer MetaTrader 4 (MT4).FP Markets and Alpari both offer copy trading.

How many forex pairs and CFDs are available to trade?

FP Markets provides traders 71 currency pairs (e.g., EUR/USD) compared to Alpari's 46 available pairs. Forex pairs aside, FP Markets offers traders access to 10000 CFDs while Alpari has 105 available CFDs, a difference of 9895.

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust Alpari?

Alpari is not publicly traded and does not operate a bank. Alpari is authorised by zero tier-1 regulators (high trust), zero tier-2 regulator (average trust), and one tier-3 regulator (low trust).

Is FP Markets good?

FP Markets shines as a low-cost broker for trading forex and CFDs โ€“ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

Is Alpari good?

Alpari is one of the first brokers to offer the MetaTrader platform glopbally before it became popular. The Alpari group of companies are regulated only in a few jurisdictions, putting the broker at a disadvantage compared to the most trusted brokers.

Overall winner: FP Markets

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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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