Written by ForexBrokers.com
In this head to head comparison of RoboForex 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.
RoboForex and Alpari are both recognized names in the online trading space, with RoboForex starting its operations in 2009 and Alpari in 1998. Neither of these brokers is publicly traded or operates as a bank. When it comes to trust and reliability, RoboForex holds a slight edge with a Tier-1 license, while Alpari holds none. In terms of trust scores from ForexBrokers.com, RoboForex scores a 73, indicating an average risk, whereas Alpari scores a 68, which falls into the high-risk category.
The Trust Scores given by ForexBrokers.com suggest that both brokers carry some level of risk when compared to others with higher ratings. A Tier-1 license is a significant factor in assessing broker reliability, contributing to RoboForex's higher standing. Both companies remain privately owned, focusing on providing trading services without the backing of major public stock exchange listings or bank affiliations.
| Feature |
RoboForex
|
Alpari
|
|---|---|---|
| Year Founded | 2009 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees between RoboForex and Alpari, you’ll notice distinct differences between the two online brokers. RoboForex is rated 3.5 stars for its commissions and fees, with ForexBrokers.com ranking it 55th out of 63 brokers. This rating reflects RoboForex's average spreads, which are notably high at 1.3 pips for EUR/USD on their Procent and Pro accounts. This might be less appealing for traders who are very conscious about costs, as higher spreads can accumulate into significant costs over time.
In contrast, Alpari receives a slightly higher rating of 4 stars in the same category and is ranked 41st out of 63 by ForexBrokers.com. Although specific average spread data isn’t available for Alpari, the broker's overall higher ranking and star rating might suggest better cost-effectiveness in terms of commissions and fees. This implies that traders might benefit from potentially lower costs, though specific numbers for average spreads are missing.
| Feature |
RoboForex
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | N/A | 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.
When comparing RoboForex and Alpari in terms of available investment options, it becomes clear that RoboForex offers a significantly broader range. RoboForex supports forex trading through either CFDs or spot contracts and presents investors with an impressive 8,400 tradeable symbols. In contrast, Alpari also provides forex trading via CFDs or spot contracts but offers a lighter inventory of just 105 tradeable symbols. While both brokers allow users to trade forex, Alpari offers slightly more with 46 forex pairs compared to RoboForex's 28 pairs. Neither platform provides access to exchange-traded securities on U.S. exchanges; however, Alpari allows investment in international securities like Vodafone on the London Stock Exchange, which RoboForex does not.
In terms of additional offerings, both RoboForex and Alpari include options for copy trading and cryptocurrency derivatives, but neither enables the purchase of actual cryptocurrencies. This broader selection gives RoboForex an edge, earning it a 4.5-star rating for its range of investments, ranking 20th out of 63 brokers according to ForexBrokers.com. Conversely, Alpari earns a 3-star rating and ranks at the bottom, placing 63rd. Overall, for investors seeking a wider array of investment opportunities, RoboForex tends to offer more extensive options than Alpari.
| Feature |
RoboForex
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8400 | 105 |
| Forex Pairs (Total) | 28 | 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). | 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 it comes to evaluating trade platforms and tools, both RoboForex and Alpari provide comprehensive solutions for individual preferences. Offering simulated trading with free virtual demo accounts, they share a commitment to helping traders practice strategies before committing real funds. While Alpari boasts its proprietary platform, RoboForex relies on widely recognized third-party platforms like MetaTrader 4 and MetaTrader 5. Both brokers provide the convenience of Windows-based desktop applications and web-based platforms, ensuring flexibility for traders. Additionally, they support copy trading, allowing users to replicate the trades of experienced investors—a valuable feature for novices seeking to gauge market dynamics without diving in headfirst.
Charting capabilities are crucial for both platforms, with each offering 15 drawing tools that help traders analyze market trends effectively. Users can trade directly from stock charts, streamlining the investment process. Another common feature is their comprehensive watch lists, each supporting seven customizable columns to track market shifts easily. Despite these similarities, the brokers differ in their rankings for Trading Platforms and Tools, according to ForexBrokers.com. RoboForex comes in at 43rd place, marginally ahead of Alpari, which is positioned at 55th. Both are rated four stars out of five, making them competitive options for those prioritizing tool variety and trading accessibility.
| Feature |
RoboForex
|
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 | No | 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 evaluating the mobile trading apps of RoboForex and Alpari, both providers offer apps compatible with iPhone and Android devices, supporting traders on the go. Both broker apps equip users with stock or forex price alerts and include 30 technical studies for comprehensive chart analysis. They also support drawing trendlines on charts and allow users to view different time frames, such as daily, weekly, or intraday. However, RoboForex stands out by auto-saving drawings on charts, a feature not available with Alpari. While both platforms permit users to create watchlists with real-time quotes, neither offers symbol syncing across devices.
Both platforms receive a solid 4-star rating for their mobile trading apps, indicating a satisfactory user experience. Nonetheless, RoboForex claims a slight edge, ranking 43rd out of 63 brokers according to ForexBrokers.com, while Alpari is listed at 56th. This difference in ranking might reflect preference or subtle distinctions in user satisfaction or app performance. Choosing between these two largely comparable apps may depend on specific preferences for features such as chart drawing functionality or mobile app performance.
| Feature |
RoboForex
|
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 | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers RoboForex and Alpari, there are a few key differences to note. RoboForex provides daily market commentary, giving traders regular insights into market movements. Both brokers supply forex news from top-tier sources such as Bloomberg and Reuters, keeping traders informed with high-quality updates. However, RoboForex stands out by offering research tools from Trading Central and Acuity Trading, including the economic calendar and Signal Centre, enhancing its research capabilities. Alpari, on the other hand, features tools from Autochartist, offering alternative options for traders interested in technical analysis and fundamental research.
In terms of ratings, RoboForex is slightly ahead with a research rating of 3.5 stars compared to Alpari's 3 stars. According to ForexBrokers.com, RoboForex holds the 37th position out of 63 brokers for research capabilities, while Alpari ranks at #57. Despite differing features, both brokers provide essential tools like economic calendars for tracking global news events. While Alpari offers strong technical analysis tools, RoboForex's daily market commentary and resources from Trading Central and Acuity Trading make it a more comprehensive choice for in-depth market research.
| Feature |
RoboForex
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners delving into the world of online trading, comparing the educational resources offered by RoboForex and Alpari can be enlightening. Alpari seems to have a more comprehensive approach when it comes to providing foundational knowledge. It offers over ten educational pieces, including articles and videos focused on forex or CFDs, which are crucial for those starting. Unfortunately, RoboForex doesn't reach this benchmark in providing a similar wealth of educational content. Additionally, Alpari provides at least ten beginner-focused educational videos that explore trading topics, making it a more attractive option for those new to trading. In contrast, RoboForex falls short in this area, having fewer beginner resources available.
When it comes to advanced learning materials, neither broker excels, as both lack advanced educational videos tailored for experienced traders and do not offer monthly educational webinars. However, another advantage Alpari holds over RoboForex is its investor dictionary, which includes definitions of over 50 investing terms, serving as a handy reference for traders at any stage. Despite these differences, both brokers have room for improvement, as highlighted by their rankings from ForexBrokers.com. RoboForex is ranked 56th while Alpari is slightly better at 48th out of 63 brokers in the education category. Although RoboForex has a slightly higher rating of 3.5 stars compared to Alpari's 3 stars, beginners might find Alpari’s focused educational efforts more beneficial as they start their trading journey.
| Feature |
RoboForex
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that RoboForex is better than Alpari. RoboForex finished with an overall rank of #46, while Alpari finished with an overall rank of #57.
RoboForex (RoboMarkets in the EU) has amassed 12,000 symbols that you can trade across its MetaTrader and cTrader platforms, as well as a stock trading app. That said, with just a few regulatory licenses, the RoboForex and its RoboMarkets brands trail behind the best forex brokers when it comes to their Trust Score.
| Feature |
RoboForex
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 73 | 68 |
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Both RoboForex and Alpari provide investors with the opportunity to trade cryptocurrency derivatives, but neither offers the option to buy actual (delivered) cryptocurrencies.
RoboForex outshines Alpari by providing ACH, SEPA, and PayPal options for deposits and withdrawals, unlike Alpari, while both brokers support Skrill, Visa/Mastercard, and bank wire 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 | RoboForex | Alpari | |
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| Trust Score | 73 | 68 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | RoboForex | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | RoboForex | Alpari | |
|---|---|---|---|
| Trust Score | 73 | 68 | |
| Year Founded | 2009 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | RoboForex | 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) | No | 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) | RoboForex | 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 | RoboForex | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8400 | 105 | |
| Forex Pairs (Total) | 28 | 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). | 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 | RoboForex | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 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 | RoboForex | 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 | RoboForex | 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 | No | No |
| Trading Tools | RoboForex | 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 | RoboForex | 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 | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | RoboForex | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | RoboForex | 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) | No | Yes |
| Major Forex Pairs | RoboForex | 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 | RoboForex Review |
| Overall | RoboForex | Alpari | |
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| Trust Score | 73 | 68 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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