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Alpari vs IC Markets 2019

ForexBrokers.com

Is Alpari better than IC Markets? After assessing forex brokers on nearly 100 different features, IC Markets comes out on top with 4.00 stars over Alpari's 3.50 stars.

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 IC Markets
Overall 3.5 4
Alpari Review IC Markets Review
74-89% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Alpari IC Markets
Trust Score 69 72
Year Founded
1998 2007
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
0 1
Tier-2 Licenses
0 0
Tier-3 Licenses
2 0
Authorised in the European Union
No No

Tier-1 Licenses

Feature Alpari IC Markets
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
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 No
CFTC Registered (USA)
No No

Tier-2 Licenses

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

Tier-3 Licenses

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

Investments

Feature Alpari IC Markets
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
48 63
CFDs - Total Offered
16 41
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 3

Cost

Feature Alpari IC Markets
Average Spread EUR/USD - Standard
0.92 1.1 (as of May 18)
All-in Cost EUR/USD - Active
0.82 0.7 (as of May 18)
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4 4

Funding

Feature Alpari IC Markets
Minimum Initial Deposit
$100.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Alpari IC Markets
Proprietary Platform
No No
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 Yes

Trading Tools

Feature Alpari IC Markets
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

Mobile Trading

Feature Alpari IC Markets
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 No
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 3.5

Research

Feature Alpari IC Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Trading / Copy-Trading
Yes Yes
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 3.5 2

Education

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

Major Forex Pairs

Feature Alpari IC Markets
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 No
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
No Yes

Overall

Feature Alpari IC Markets
Alpari Review IC Markets Review
Overall 3.5 4
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare Alpari vs IC Markets.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both Alpari and IC Markets hold a 4.00 star rating.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IC Markets is regulated in a major hub, Alpari isn't. Neither Alpari and IC Markets are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Alpari trails IC Markets by 15 total currency pairs (for example, EUR/USD), with IC Markets offering 63 and Alpari offering 48.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Alpari and IC Markets both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Both Alpari and IC Markets provide clients with access to 31 total charting tools. Both Alpari and IC Markets provide clients with access to 51 total indicators (eg, moving averages).

Alpari Review
IC Markets 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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