Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
Both FinecoBank and Alpari are well-established names in the online brokerage industry, having been founded in 1999 and 1998 respectively. However, while FinecoBank is publicly traded and operates as a bank, Alpari is neither publicly listed nor a bank. These differences highlight the organizational structures of the two brokers, each influencing their operational and regulatory landscapes. FinecoBank holds two Tier-1 licenses, considered highly trusted in the industry, whereas Alpari does not hold any Tier-1 licenses.
When it comes to trust and regulatory compliance, FinecoBank scores a 94 out of 99 on the ForexBrokers.com Trust Score, categorizing it as a highly trusted broker. On the other hand, Alpari has a Trust Score of 68, placing it in the high-risk category. These scores reflect their respective levels of regulatory oversight and overall reliability, providing potential clients with a clear picture of what to expect from each broker.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Year Founded | 1999 | 1998 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commission and fee structures between FinecoBank and Alpari, it becomes apparent that both brokers have their distinct characteristics. FinecoBank does not make its average spread data publicly available for forex and CFD trading, which can hinder a clear understanding of its trading costs. They list a spread of 1 pip for the EUR/USD, and in some cases, 0.8 pips, but whether these are average values is unclear. Nonetheless, FinecoBank seems to offer more competitive spreads on its index CFDs.
Alpari, similar to FinecoBank, does not offer average spread data. Despite this, Alpari has a slightly better reputation in terms of costs. Alpari holds a 4-star rating for its commissions and fees, ranking #41 out of 62 brokers, compared to FinecoBank's 3.5-star rating, ranked at #50. This suggests that Alpari could be more cost-effective for traders, despite the lack of specific average spread data.
Ultimately, while both brokers offer an array of trading opportunities, Alpari seems to edge out FinecoBank in terms of commission and fee ratings and rankings according to ForexBrokers.com. Potential traders may want to consider these factors, along with other trading functionalities, when choosing between the two brokers.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and Alpari cater to different investment preferences, making them appealing to distinct trader groups. FinecoBank boasts an impressive array of 9,770 tradeable symbols, which includes 54 forex pairs and a variety of exchange-traded securities from both U.S. and international exchanges like Apple and Vodafone. This expansive range provides a diverse spectrum of investment opportunities, although it lacks features like copy trading and cryptocurrency options. In terms of rankings, FinecoBank stands tall at 16th out of 62 brokers for its range of investments, earning a commendable 4.5-star rating.
Alpari, on the other hand, offers a narrower selection of 105 tradeable symbols, with 46 forex pairs. While it does provide access to international securities such as Vodafone, it falls short in offering stocks from U.S. exchanges. However, Alpari compensates by enabling copy trading and offering cryptocurrency derivatives, appealing to traders interested in these features. Despite this, its limited investment range results in a lower rating of 3 stars and places it at the bottom of the list, ranked 62nd out of 62 on ForexBrokers.com.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 105 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 comparing FinecoBank and Alpari in terms of trading platforms and tools, both brokers develop their own proprietary trading platforms while also offering Windows-based desktop and web-based platforms. However, Alpari stands out with its support for popular trading platforms MetaTrader 4 and MetaTrader 5, which are not available with FinecoBank. Alpari also provides paper trading through a demo account, allowing newcomers to practice without financial risk, while FinecoBank does not offer this feature.
Alpari supports copy trading and the ability to trade directly from stock charts, offering a more interactive experience compared to FinecoBank. In terms of charting tools, Alpari provides a richer set of 15 drawing tools against FinecoBank’s 7. Despite these differences, both brokers have earned a respectable 4-star rating for their trading platforms and tools. Yet, FinecoBank is more highly ranked by ForexBrokers.com, placed at #18 among 62 brokers, whereas Alpari is ranked #55, reflecting FinecoBank's overall competitive edge in this category.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FinecoBank and Alpari both offer iPhone and Android apps, allowing traders to engage in mobile trading on the go. Users of both apps can enjoy alerts for stock or forex prices, enhancing user experience with timely updates. However, when it comes to syncing watchlist symbols between mobile apps and online accounts, neither FinecoBank nor Alpari provides this feature. In terms of charting capabilities, Alpari stands out with an impressive 30 technical studies and the ability to draw trendlines, while FinecoBank offers only 6 studies without trendline drawing options. Both platforms allow for viewing different chart time frames, supporting varied trading strategies.
When it comes to watchlists, Alpari gives users the advantage of creating lists with real-time quotes, a feature missing in FinecoBank's app. Despite these differences, both apps maintain a solid 4-star rating for mobile trading. However, according to ForexBrokers.com, FinecoBank is ranked higher at #42 among 62 brokers compared to Alpari at #56, reflecting a slightly better overall perception though not necessarily related to the features discussed.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research features of online brokers FinecoBank and Alpari, you'll find both have their particular strengths and weaknesses. FinecoBank does not provide daily market commentary, yet it offers forex news from renowned sources such as Bloomberg, Reuters, and Dow Jones. The broker also features an economic calendar to help you stay informed about global economic events. However, FinecoBank lacks tools from Autochartist and Trading Central, as well as a sentiment-based trading tool or market research from companies like TipRanks and Acuity Trading.
Alpari, on the other hand, matches FinecoBank by offering forex news from top-tier sources and an economic calendar. Unlike FinecoBank, Alpari includes technical analysis tools from Autochartist, enhancing the technical trading tools available to their clients. However, similar to FinecoBank, Alpari does not provide Trading Central tools, sentiment-based trading tools, or research from TipRanks and Acuity Trading. Rated 4 stars for research by ForexBrokers.com, FinecoBank edges ahead of Alpari, which received a 3-star rating. Additionally, FinecoBank ranks 33rd among 62 brokers in the Research category, whereas Alpari is positioned at 57th.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginner traders, FinecoBank and Alpari each have their strengths. FinecoBank supports newcomers with a series of monthly live webinars, a helpful resource for real-time learning and questions. Additionally, the bank offers a beginner-friendly library of educational videos, giving novices a solid introduction to the world of trading. FinecoBank also includes an investor dictionary packed with over 50 investing terms, making it easier for beginners to understand the market jargon. However, it falls short in offering a broad array of content specifically focused on forex or CFDs, as well as advanced educational videos.
On the other hand, Alpari shines in the variety and quantity of its educational materials, especially for those interested in forex and CFDs, offering a collection of over 10 articles, videos, and webinars. Like FinecoBank, Alpari provides a series of beginner educational videos and an extensive investor dictionary. Yet, Alpari does not host the regular webinars that FinecoBank does, nor does it maintain a searchable archive of past sessions. Despite these differences, both platforms are similarly ranked by ForexBrokers.com for education, with Alpari slightly ahead at #48 compared to FinecoBank's #49. FinecoBank, however, edges out Alpari with a slightly higher education rating of four stars compared to three.
| Feature |
FinecoBank
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | 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 62 of the best forex brokers, our research and account testing finds that FinecoBank is better than Alpari. FinecoBank finished with an overall rank of #25, while Alpari finished with an overall rank of #57.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 94 | 68 |
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FinecoBank does not provide options to buy actual cryptocurrency or cryptocurrency derivatives, while Alpari allows clients to purchase cryptocurrency derivatives but not the actual cryptocurrency.
In comparing online brokers FinecoBank and Alpari, FinecoBank provides ACH and SEPA transfers as well as bank wire options for depositing or withdrawing funds but lacks support for PayPal, Skrill, Visa, and Mastercard, while Alpari offers Skrill, Visa, Mastercard, and bank wires but not ACH, SEPA, or PayPal for 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 | FinecoBank | Alpari | |
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| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
| Broker Screenshots | FinecoBank | Alpari | |
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| Regulation | FinecoBank | Alpari | |
|---|---|---|---|
| Trust Score | 94 | 68 | |
| Year Founded | 1999 | 1998 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | FinecoBank | 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 | FinecoBank | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 105 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | Alpari | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review |
| Overall | FinecoBank | Alpari | |
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| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | FinecoBank Review |
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