Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen and Alpari are both well-established online brokers, with FXOpen founded in 2003 and Alpari in 1998. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulatory credentials, FXOpen stands out with two Tier-1 licenses, earning a Trust Score of 76 from ForexBrokers.com—indicating an average risk. In contrast, Alpari does not hold any Tier-1 or Tier-2 licenses, contributing to its Trust Score of 68, which suggests it carries a high-risk rating.
Overall, FXOpen offers more assurance to its clients through its regulatory oversight, making it the more reliable choice for those who prioritize broker trustworthiness. While both brokers do not operate banks or appear on stock exchanges, the difference in their licensing and regulatory standing is essential for potential clients to consider when making a decision.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Year Founded | 2003 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to comparing commissions and fees between FXOpen and Alpari, both online brokers receive a commendable rating of four stars out of five. FXOpen offers competitive pricing structures, which makes them a favorable choice for many traders. However, average spread data is currently unavailable, which may influence some investors when considering transparency factors.
Similarly, Alpari also boasts a four-star rating for its commissions and fees. Just like FXOpen, Alpari does not provide average spread data, which means traders might need to directly reach out to the broker for specific fee information. Nonetheless, Alpari's pricing remains attractive to those looking for cost-effective trading conditions.
In terms of rankings, FXOpen is positioned at #44, while Alpari slightly edges ahead, ranked #41 out of a total of 63 brokers in the Commissions and Fees category, based on ForexBrokers.com ratings. Both brokers offer competitive fee structures, but Alpari’s slightly higher ranking could make it the preferred option for those who are highly sensitive to commission and fee costs.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When considering the variety of investment options available at FXOpen and Alpari, both brokers allow trading in forex as either CFDs or spot contracts. FXOpen offers 87 tradeable symbols, including 25 different forex pairs, while Alpari provides a slightly broader range with 105 symbols and 46 forex pairs. Unfortunately, neither broker offers direct access to buying shares on U.S. exchanges like Apple, but Alpari does provide the option to purchase international exchange-traded securities, a feature FXOpen lacks. Both brokers support copy trading and give clients the ability to trade cryptocurrency derivatives rather than the actual cryptocurrencies themselves.
While the offerings seem to show slight variations, it’s notable that both FXOpen and Alpari earn a 3-star rating for their range of investments. This parity is mirrored in their rankings by ForexBrokers.com, with FXOpen placed at #62 and Alpari just a step further at #63 out of 63 brokers in the Range of Investments category. Deciding between these two platforms may ultimately depend on specific investment needs, particularly if international stock trading with Alpari is appealing, or if the slightly broader variety of forex pairs from Alpari offers what you're looking for.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 105 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
When considering the trading platforms and tools offered by FXOpen and Alpari, both brokers provide a range of options that appeal to novice and experienced traders alike. FXOpen does not have its own in-house developed platform but offers popular choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as the web-based and Windows desktop platforms. Alpari, on the other hand, takes a step further with its proprietary platform, along with MT4 and MT5, accommodating various trading preferences. Both brokers support simulated (paper) trading, which is crucial for beginners to practice and refine their strategies with virtual demo accounts without financial risk.
Both FXOpen and Alpari offer a suite of advanced trading features such as copy trading and the ability to trade directly from stock charts. Although neither broker provides DupliTrade, FXOpen offers ZuluTrade, adding variety to the copy trading tools available. Charting capabilities are solid across both platforms, offering 15 drawing tools each. Additionally, both FXOpen and Alpari excel in usability with customizable watch lists providing seven columns for tracking your favorite assets. Despite FXOpen's better rating in rankings at 53rd compared to Alpari's 55th place among 63 brokers, both are equally rated with four stars for their trading platforms and tools, highlighting their competitive offerings.
| Feature |
FXOpen
|
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 | Yes | 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.
When comparing the mobile trading apps of FXOpen and Alpari, both platforms offer a similar range of features for iPhone and Android users. Both apps allow for stock and forex price alerts, and offer the ability to draw trendlines on charts and view multiple time frames, whether daily, weekly, or intraday. Furthermore, each provides access to 30 technical studies for enhanced charting capabilities. While both apps permit the creation of watchlists with real-time quotes, neither supports watchlist symbol syncing with the client's online account, nor do they save drawings automatically on stock or forex charts.
In terms of user ratings, FXOpen and Alpari both receive 4 out of 5 stars for their mobile trading apps. However, when ranked against 63 brokers, ForexBrokers.com places FXOpen slightly higher in the Mobile Trading Apps category at #54, with Alpari following close behind at #56. Ultimately, the choice between these two platforms may come down to personal preferences as they offer comparable mobile trading experiences.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXOpen and Alpari in terms of market research accessibility, both have their unique strengths. FXOpen stands out for providing daily market commentary and access to high-quality forex news from top-tier sources like Bloomberg and Reuters. They also offer a comprehensive economic calendar that showcases key global news events, essential for traders keeping an eye on international economic developments. Unfortunately, FXOpen lacks popular technical analysis tools from Autochartist and Trading Central and does not offer sentiment-based trading tools or market research from TipRanks and Acuity Trading.
Similarly, Alpari shines with its access to forex news from major institutions such as Bloomberg and Reuters and maintains an economic calendar for global financial happenings. A notable advantage is Alpari’s provision of Autochartist's technical analysis tools, which can aid traders in developing informed strategies. However, like FXOpen, Alpari does not offer sentiment-based trading tools, or research insights from Trading Central, TipRanks, and Acuity Trading. Both brokers have received a middling research rating of 3 out of 5 stars, with Alpari ranking slightly higher at 57th, compared to FXOpen at 63rd, among 63 brokers evaluated by ForexBrokers.com.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | 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 examining the educational resources provided by FXOpen and Alpari for beginner traders, distinct differences come to light. FXOpen does not provide a comprehensive suite of forex or CFD educational materials, whereas Alpari offers a collection of more than ten educational pieces, such as articles or videos, specifically focused on these markets. Both FXOpen and Alpari lack in providing monthly live educational client webinars and do not offer a searchable archive of past webinars. For beginners specifically, Alpari delivers a solid range of over ten educational videos tailored to new traders, a feature not currently offered by FXOpen. However, neither broker provides advanced educational videos for seasoned traders. Both brokers do include an investor dictionary that explains over 50 investing terms, aiding in the understanding of key market jargon.
Despite these differences, both FXOpen and Alpari receive an equal education rating of three out of five stars. However, when ranked by ForexBrokers.com among 63 brokers for their educational offerings, Alpari stands at the 48th position, outperforming FXOpen, which is positioned at number 58. This indicates that, while both brokers provide some educational content, Alpari may offer a slightly better resource pool for beginners eager to learn about forex and CFD trading.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | No | 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 FXOpen is better than Alpari. FXOpen finished with an overall rank of #54, while Alpari finished with an overall rank of #58.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 68 |
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Both FXOpen and Alpari do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
FXOpen and Alpari both lack ACH and SEPA transfer options, as well as PayPal, for account funding and withdrawals; however, they both support Skrill, Visa, Mastercard, and bank wire transfers for these 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 | FXOpen | Alpari | |
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| Trust Score | 76 | 68 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | Alpari | |
|---|---|---|---|
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| Regulation | FXOpen | Alpari | |
|---|---|---|---|
| Trust Score | 76 | 68 | |
| Year Founded | 2003 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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) | FXOpen | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | FXOpen | 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 | FXOpen | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 105 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | 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 | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | No | 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 | FXOpen | 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 | Yes | No |
| Trading Tools | FXOpen | 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 | FXOpen | Alpari | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FXOpen | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXOpen | 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 |
| Overall | FXOpen | Alpari | |
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| Trust Score | 76 | 68 | |
| Winner | check_circle | ||
| Review |
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