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Alpari vs Interactive Brokers 2019

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Is Alpari better than Interactive Brokers? After scoring forex brokers on nearly 100 different variables, Interactive Brokers is better than Alpari. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.

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 Interactive Brokers
Overall 3.5 4
Alpari Review Interactive Brokers Review
74-89% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature Alpari Interactive Brokers
Trust Score 69 91
Year Founded
1998 1977
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
0 5
Tier-2 Licenses
0 0
Tier-3 Licenses
2 0
Authorised in the European Union
No Yes

Tier-1 Licenses

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

Tier-2 Licenses

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

Investments

Feature Alpari Interactive Brokers
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
48 115
CFDs - Total Offered
16 6100
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3 4.5
Winner check_circle

Cost

Feature Alpari Interactive Brokers
Average Spread EUR/USD - Standard
0.92 N/A
All-in Cost EUR/USD - Active
0.82 N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature Alpari Interactive Brokers
Minimum Initial Deposit
$100.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes No
UnionPay (Deposit/Withdraw)
Yes No

Trading Platforms

Feature Alpari Interactive Brokers
Proprietary Platform
No Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes No
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
Yes No
cTrader
No No

Trading Tools

Feature Alpari Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 300
Charting - Indicators / Studies (Total)
51 121
Charting - Drawing Tools (Total)
31 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3 4
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Mobile Trading

Feature Alpari Interactive Brokers
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 68
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No No
Mobile Trading 3.5 4
Winner check_circle

Research

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

Feature Alpari Interactive Brokers
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
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 Interactive Brokers
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 Interactive Brokers
Alpari Review Interactive Brokers Review
Overall 3.5 4
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To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Alpari vs Interactive Brokers.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both Alpari and Interactive Brokers share a rating of 4.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Interactive Brokers is regulated in a major hub while Alpari is not. Interactive Brokers is a publicly traded company, Alpari isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Alpari trails Interactive Brokers by 67 total currency pairs (for example, EUR/USD), with Interactive Brokers offering 115 and Alpari offering 48.

To round out our comparison of Alpari vs Interactive Brokers, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Alpari offers Meta Trader while Interactive Brokers does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. Alpari boasts an offering of 31 charting tools compared to Interactive Brokers's 9 available charting tools. Alpari trails Interactive Brokers by 70 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and Alpari offering 51.

Alpari Review
Interactive Brokers 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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