Written by ForexBrokers.com
In this head to head comparison of Spreadex 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.
When considering online brokers, Spreadex and Alpari each bring a unique profile to the table. Established in 1999, Spreadex holds a Tier-1 license, regarded as highly trusted by industry experts. With a Trust Score of 71 out of 99 from ForexBrokers.com, Spreadex is placed in the average risk category. However, it's important to note that Spreadex is privately held and not a bank, which may influence risk perception for some investors.
On the other hand, Alpari, founded in 1998, does not hold any Tier-1 or Tier-2 licenses. Its Trust Score is slightly lower at 68, falling into the high-risk domain according to ForexBrokers.com. Like Spreadex, Alpari is neither publicly traded nor a bank, which may be a consideration for users when evaluating the overall reliability and security of their investments. Both brokers offer different levels of assurance, and these distinctions are key for those exploring online trading options.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Year Founded | 1999 | 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 | 0 | 1 |
Comparing commissions and fees, both Spreadex and Alpari earn 4 out of 5 stars. However, Spreadex ranks higher at #28 out of 63 brokers for the Commissions and Fees category, while Alpari sits at #42 out of 63. Spreadex also publishes clear pricing: its average EUR/USD spread was 0.81 pips in January 2024, with a 0.6‑pip minimum achieved 60% of the time that month. Alpari does not provide comparable average spread data.
In practical terms, Spreadex’s posted spreads point to competitive day-to-day pricing on EUR/USD, especially when the minimum spread appears more than half the time. Alpari’s equal 4-star rating suggests generally fair costs, but the lack of average spread figures makes direct comparison harder. If transparent data and a higher category ranking matter to you, Spreadex has the edge; if you prefer to judge costs in real time, you may want to check live spreads on Alpari during your trading hours.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | No | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Spreadex and Alpari both support forex trading as CFDs or spot contracts and let you trade crypto via CFDs (neither sells actual coins). Where they differ most is scale: Spreadex lists about 10,000 tradeable symbols and 52 forex pairs, while Alpari offers 105 symbols and 46 forex pairs.
For exchange-traded shares, Spreadex doesn’t offer real stocks in the U.S. or abroad. Alpari doesn’t offer U.S. stocks either, but it does provide access to some real international shares. Alpari also offers copy trading, which Spreadex lacks. Based on ForexBrokers.com, Spreadex earns 5 stars for Range of Investments and ranks #14 out of 63 brokers, while Alpari is rated 3 stars and ranks #64 out of 63. In short, choose Spreadex for breadth of markets, or Alpari if you want copy trading and access to certain international shares.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 105 |
| Forex Pairs (Total) | 52 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Spreadex and Alpari both check key boxes for trading platforms and tools. Each broker offers a free demo (paper) account, a proprietary in-house platform, a web-based platform, and the ability to place trades directly from charts. The differences come down to platform variety: Alpari provides a Windows desktop download, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and offers copy trading. Spreadex does not offer a Windows download, MetaTrader, or copy trading.
Both brokers are rated 4 out of 5 stars for trading platforms and tools. In ForexBrokers.com’s rankings, Spreadex placed 47th out of 63 brokers, while Alpari ranked 56th. Choose Alpari if you want MT4/MT5 or copy trading. Choose Spreadex if you prefer a browser-based experience with a straightforward demo to practice before trading live.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 58 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Spreadex and Alpari offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts for stocks and forex and lets you draw trendlines on charts. However, neither broker syncs watchlists between the app and the web platform, and neither app auto-saves chart drawings, so you’ll need to reapply them if you switch devices or sessions.
For charting tools, Alpari lists 30 technical studies in its mobile app, while Spreadex does not specify the number available. Despite that difference, both apps earn 4 out of 5 stars for mobile trading. In ForexBrokers.com’s rankings of 63 brokers, the Spreadex mobile app is placed at #47, ahead of the Alpari mobile app at #57, which could matter if overall app standing is part of your decision.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research at Spreadex and Alpari shows clear differences. Spreadex provides daily market commentary, while Alpari does not. Both brokers offer forex news from major outlets (such as Bloomberg or Reuters) and include Autochartist tools, but neither integrates Trading Central. Spreadex adds a sentiment tool that shows the ratio of long vs. short positions, which Alpari lacks. Each broker features an economic calendar. Spreadex does not include TipRanks or Acuity Trading (Signal Centre); for Alpari, availability of TipRanks and Acuity Trading is not specified in the information provided.
Independent ratings favor Spreadex for research: it earns 4 stars and ranks #32 out of 63 brokers at ForexBrokers.com, while Alpari holds 3 stars and ranks #58. If you want daily insights and trader positioning data alongside news and Autochartist, Spreadex is the stronger pick. If you mainly need headline news, an economic calendar, and Autochartist tools, Alpari covers those essentials.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Spreadex and Alpari for beginner education, both brokers give newcomers a strong start with video-based learning: each offers at least 10 beginner videos that cover core trading topics. Independent ratings suggest a slight edge for Spreadex—earning 4 out of 5 stars for Education and ranking #45 out of 63 with ForexBrokers.com—while Alpari holds 3 stars and ranks #48. If you’re new to forex and CFD trading and prefer learning through short videos, Spreadex’s materials may feel a bit more polished overall, though Alpari delivers a similar format for getting up to speed.
Neither broker runs monthly live educational webinars, and neither provides 10 or more advanced videos, so traders who want live classes or deeper lessons may need outside resources. For beginners focused on video lessons, Spreadex is the slightly stronger choice; if you just need a comparable beginner video library, Alpari will also do the job.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Spreadex is better than Alpari. Spreadex finished with an overall rank of #39, while Alpari finished with an overall rank of #58.
Spreadex is an FCA-regulated broker in the UK, offering forex and CFDs, and is well known for its sports betting business, and proprietary web trading platforms. Spreadex still has considerable room to improve, in key categories such as research and education, compared to the best forex brokers.
| Feature |
Spreadex
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Alpari
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|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 68 |
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Spreadex vs Alpari: neither online broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading.
Spreadex vs Alpari: neither supports ACH/SEPA; Spreadex doesn’t offer PayPal or Skrill but does support bank wires, whereas Alpari’s support for PayPal, Skrill, and bank wires is unspecified, and Visa/Mastercard availability is unspecified for both brokers.
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 | Spreadex | Alpari | |
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| Trust Score | 71 | 68 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | Spreadex | Alpari | |
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| Regulation | Spreadex | Alpari | |
|---|---|---|---|
| Trust Score | 71 | 68 | |
| Year Founded | 1999 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Spreadex | 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) | |||
| 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). | No | No |
| Tier-2 Licenses (Trusted) | Spreadex | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Spreadex | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 105 | |
| Forex Pairs (Total) | 52 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Spreadex | Alpari | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.81 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Spreadex | Alpari | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | No | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Spreadex | Alpari | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Spreadex | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 58 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Spreadex | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Spreadex | Alpari | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Alpari | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Spreadex | Alpari | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Spreadex Review |
| Overall | Spreadex | Alpari | |
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| Trust Score | 71 | 68 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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