Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro, established in 2006, stands out as a more trusted option compared to Alpari, which was founded in 1998. While both brokers are privately held and do not list on any stock exchange, FxPro operates as a bank, adding an extra layer of security. Alpari, on the other hand, is not a bank. When it comes to regulatory oversight, FxPro excels with two Tier-1 licenses, indicating a high level of trust, and one Tier-2 license. In contrast, Alpari holds neither Tier-1 nor Tier-2 licenses, which could be a concern for more risk-averse traders.
In terms of trust ratings, ForexBrokers.com gives FxPro an impressive Trust Score of 93 out of 99, signifying it as a highly trusted broker. Alpari's Trust Score is 68, reflecting a higher risk status. These ratings suggest that FxPro may offer a more secure trading environment, providing potential clients peace of mind in their investment choice and making it a preferable option for those prioritizing regulatory reliability.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Year Founded | 2006 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of online brokers FxPro and Alpari, both are rated four stars, yet differ in their pricing strategies and rankings. FxPro finds itself at a slight disadvantage due to its higher than average pricing, placing it 32nd out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com. FxPro's pricing is particularly affected when compared to brokers such as Pepperstone or IC Markets. In terms of spread options, FxPro offers variable or fixed spreads on its MT4 platform, with the potential for slippage in market execution yet avoiding it in instant execution. On cTrader, there are no minimum distance requirements for stop and limit orders, a distinct convenience over MetaTrader where a minimum distance of 1 pip is required.
In the arena of commissions, FxPro's cTrader platform presents its most competitive spreads, utilizing a commission-based pricing model. The effective spread for forex trading on the EUR/USD pair through cTrader averages approximately 1.27 pips, which encapsulates an average spread of 0.37 pips from August 2020, alongside a commission-equivalent of 0.9 pips. Meanwhile, traders on FxPro's MT4 and MT5 systems encounter a floating-rate model, with EUR/USD spreads of 1.58 and 1.51 pips, respectively, for market execution accounts.
On the flip side, details about Alpari’s average spreads and fee structures remain less extensive, with the broker positioned slightly lower at number 41 out of 63 in the same category. Both brokers provide attractive offerings to active traders, though FxPro's Active Trader program, providing discounts up to 30%, still doesn’t quite match the top-tier discounts offered by giants like FOREX.com, IG, and Saxo. Therefore, when examining these two brokers, traders might consider ease of execution and potentially lower costs with FxPro’s cTrader platform, balanced against the limited fee data available for Alpari.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
FxPro and Alpari both provide opportunities for trading in forex as CFDs or spot contracts, catering to a wide audience of traders. FxPro clearly stands out with a substantial offering of 2,249 tradeable symbols compared to Alpari's limit of 105. For those particularly interested in forex trading, FxPro also offers an impressive range of 70 currency pairs, while Alpari provides 46. Both platforms allow trading of securities on international exchanges, meaning you can purchase shares like Vodafone on the London Stock Exchange. However, neither broker extends this option to U.S. exchanges, so buying stocks such as Apple on NASDAQ isn't possible.
When it comes to cryptocurrency offerings, FxPro and Alpari each allow the trading of crypto derivatives rather than the actual cryptocurrencies. Both brokers also support copy trading, a feature appealing to those who want to replicate the trades of successful investors. While both platforms share many similarities in investment options, FxPro's broader range is reflected in its higher four-star rating for range of investments compared to Alpari’s three stars. Furthermore, ForexBrokers.com ranks FxPro at 28th among 63 brokers, significantly ahead of Alpari’s position at 63rd, highlighting FxPro's broader and more versatile trading capabilities.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 105 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and Alpari both deliver comprehensive trading platforms suitable for traders of all experience levels. Each provides simulated trading options through free virtual demo accounts, enabling users to practice without financial risk. Both brokers have developed their platforms in-house, ensuring a customized and optimized trading experience, and offer Windows-based desktop downloads as well as convenient web-based trading options for greater accessibility. FxPro and Alpari also support popular platforms like MetaTrader 4 and MetaTrader 5, and provide features such as direct trading from stock charts and copy trading. However, neither broker offers DupliTrade or ZuluTrade. The trading tools available include a variety of technical indicators and drawing tools, with FxPro offering a broader array of 25 drawing tools compared to Alpari’s 15. For watchlist customization, Alpari provides one additional column over FxPro's six to enhance portfolio management.
When evaluated by ForexBrokers.com, both FxPro and Alpari scored 4 out of 5 stars for their trading platforms and tools, reflecting solid user satisfaction. Despite their equal star ratings, FxPro holds a stronger position at rank 17 out of 63 brokers, compared to Alpari, ranked 55th. This difference might indicate subtle distinctions in platform performance or user preference. Ultimately, both brokers stand out as strong contenders in the arena of trading technology, with unique strengths that cater to varying trader preferences and strategies. Whether you prioritize more drawing tools or prefer an extra watchlist field, both brokers offer customizable features to enhance your trading activities.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and Alpari both offer mobile trading apps for iPhone and Android devices, providing users the flexibility to trade on the go. Both platforms feature price alerts and allow users to draw trendlines on charts across multiple time frames. However, when it comes to syncing watchlists between the app and online accounts, FxPro takes the lead by offering this feature, while Alpari does not. FxPro also excels in charting capabilities, offering 65 technical studies compared to Alpari’s 30. This gives FxPro an edge for traders who rely heavily on technical analysis.
For users interested in saving chart drawings automatically, FxPro has you covered, whereas Alpari requires manual saving. Both platforms allow the creation of watchlists with real-time quotes, enhancing the trading experience. In terms of user ratings, FxPro scores 4.5 stars in mobile app performance, outshining Alpari’s 4-star rating. According to ForexBrokers.com, FxPro is ranked #15 out of 63 brokers for its mobile trading app, demonstrating its strong reputation in the industry. Alpari, meanwhile, is ranked at #56, reflecting a more moderate reception from users and reviewers.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 market research offerings of FxPro and Alpari, several distinct differences emerge. FxPro stands out with its daily market commentary, making it an appealing choice for those who seek regular insights. Both brokers provide forex news from respected sources like Bloomberg and Reuters, ensuring traders stay informed with credible updates. However, FxPro takes a slight edge with its tools from Trading Central that assist traders in conducting detailed technical analysis. Interestingly, Alpari enriches its toolset by incorporating Autochartist, which FxPro doesn't offer, catering more to traders relying on automated pattern recognition.
Both brokers provide an economic calendar, aiding traders in tracking upcoming global events. Yet, FxPro enhances its market analysis suite with a sentiment-based trading tool, helping traders gauge market mood across various instruments. Neither broker partners with TipRanks or Acuity Trading for additional insights. In terms of ratings, FxPro receives 4 stars in research, ranked 26th among 63 brokers on ForexBrokers.com, outperforming Alpari, which holds a 3-star rating and ranks 57th. This suggests that while both offer valuable resources, FxPro appears more comprehensive in supporting trader research needs.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | 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.
When comparing educational resources available for beginners, FxPro and Alpari both offer a minimum of 10 educational materials such as articles, videos, and archived webinars focused on forex or CFDs. However, neither broker provides regular online client webinars each month. FxPro stands out with a searchable archive of recorded client webinars, a feature not available with Alpari. Both brokers cater to beginners by offering at least 10 educational videos covering basic trading topics, yet neither provides a similar offering for advanced traders.
In terms of additional resources, each platform includes an investor dictionary with over 50 investing terms, helping traders understand complex jargon. Despite their similarities, FxPro shines with an education rating of 4 stars, ranking 18th in ForexBrokers.com's list of 63 brokers, while Alpari trails behind with a 3-star rating and ranks 48th. This ranking and star difference highlights FxPro as a more favorable choice for beginners looking to learn the ropes of trading.
| Feature |
FxPro
|
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 FxPro is better than Alpari. FxPro finished with an overall rank of #21, while Alpari finished with an overall rank of #58.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FxPro and Alpari do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to invest in cryptocurrency derivatives.
FxPro outshines Alpari in offering more diverse fund transfer methods, including ACH, SEPA, and PayPal, while both brokers share support for Visa, Mastercard, Skrill, and bank wires.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FxPro | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 68 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FxPro | Alpari | |
|---|---|---|---|
| Trust Score | 93 | 68 | |
| Year Founded | 2006 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | 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) | FxPro | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 105 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | 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 | Yes | No |
| Trading Platforms | FxPro | Alpari | |
|---|---|---|---|
| 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 Tools | FxPro | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | 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 | FxPro | 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 | FxPro Review |
| Overall | FxPro | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 68 | |
| Winner | check_circle | ||
| Review | FxPro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
