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Alpari vs FXCM 2019

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Is Alpari better than FXCM? After grading forex brokers on nearly 100 different variables, FXCM is better than Alpari. While its range of tradeable markets is narrow, FXCM caters well to high-volume traders, algorithmic traders, and traders that appreciate robust charting tools and quality market research.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Alpari FXCM
Overall 3.5 4
Alpari Review FXCM Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Alpari FXCM
Trust Score 69 90
Year Founded
1998 1999
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
0 3
Tier-2 Licenses
0 2
Tier-3 Licenses
2 0
Authorised in the European Union
No Yes

Tier-1 Licenses

Feature Alpari FXCM
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses

Feature Alpari FXCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No No
ISA Authorised (Israel)
No Yes
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
Yes No
FSB Authorised (South Africa)
No Yes
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses

Feature Alpari FXCM
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
Yes No
Offshore Authorised
Yes No

Investments

Feature Alpari FXCM
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
48 39
CFDs - Total Offered
16 24
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3
Winner check_circle

Cost

Feature Alpari FXCM
Average Spread EUR/USD - Standard
0.92 1.3 (as of Apr -Jun 18)
All-in Cost EUR/USD - Active
0.82 0.8 (as of Nov 18)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature Alpari FXCM
Minimum Initial Deposit
$100.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes
UnionPay (Deposit/Withdraw)
Yes No

Trading Platforms

Feature Alpari FXCM
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 No
cTrader
No No

Trading Tools

Feature Alpari FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3 4.5
Winner check_circle

Mobile Trading

Feature Alpari FXCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 3.5 4
Winner check_circle

Research

Feature Alpari FXCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3.5 4
Winner check_circle

Education

Feature Alpari FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Tutorials/Guide (PDF or Interactive)
Yes Yes
Education 3 4
Winner check_circle

Major Forex Pairs

Feature Alpari FXCM
GBPUSD (or USDGBP)
Yes Yes
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes Yes
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
No Yes

Overall

Feature Alpari FXCM
Alpari Review FXCM Review
Overall 3.5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Alpari vs FXCM.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Alpari is a better option with a 4.00 star rating over FXCM's 3.50 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FXCM is regulated in a major hub while Alpari is not. FXCM is a publicly traded company, Alpari isn't. How many currency pairs are available to trade? FXCM trails Alpari by 9 total currency pairs (for example, EUR/USD), with Alpari offering 48 and FXCM offering 39.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Alpari and FXCM both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Alpari and FXCM offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.

Alpari Review
FXCM Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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