Written by ForexBrokers.com
In this head to head comparison of FXOpen 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.
FXOpen and Alpari are both well-established online brokers, with FXOpen founded in 2003 and Alpari in 1998. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulatory credentials, FXOpen stands out with two Tier-1 licenses, earning a Trust Score of 76 from ForexBrokers.com—indicating an average risk. In contrast, Alpari does not hold any Tier-1 or Tier-2 licenses, contributing to its Trust Score of 68, which suggests it carries a high-risk rating.
Overall, FXOpen offers more assurance to its clients through its regulatory oversight, making it the more reliable choice for those who prioritize broker trustworthiness. While both brokers do not operate banks or appear on stock exchanges, the difference in their licensing and regulatory standing is essential for potential clients to consider when making a decision.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Year Founded | 2003 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXOpen and Alpari based on commissions and fees, both brokers offer competitive pricing structures without specific data available on average spreads. FXOpen is known for its economical cost framework, making it a popular choice among traders who prioritize low trading expenses. Alpari also presents an attractive fee structure aimed at minimizing trading costs for its users.
In terms of star ratings, both FXOpen and Alpari scored 4 out of 5 stars for commissions and fees. This reveals a comparable level of satisfaction among users regarding the cost-effectiveness of their services. Both brokers have established themselves as reliable options in the market, offering fair rates that align with industry expectations.
When considering the rankings provided by ForexBrokers.com, FXOpen is positioned at #45 out of 62 brokers, which indicates room for improvement in this category. On the other hand, Alpari holds a slightly better rank at #41, suggesting a marginal competitive edge over FXOpen in terms of their commissions and fees appeal. Overall, both brokers provide solid options, with Alpari having a slight advantage based on ranking placement.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $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 | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 FXOpen and Alpari for their range of available investments, both platforms provide opportunities for forex trading as either CFDs or spot contracts. However, FXOpen offers a selection of 87 tradeable symbols including 25 forex pairs, whereas Alpari presents a larger array of options with 105 tradeable symbols and 46 forex pairs. Neither broker grants access to exchange-traded securities on U.S. exchanges, such as buying shares of Apple. However, Alpari does stand out by allowing investments in international exchange-traded securities, like Vodafone shares on the London Stock Exchange, which FXOpen does not offer.
Both FXOpen and Alpari support copy trading, facilitating a seamless option for investors to mirror successful strategies. Nonetheless, they do not provide services to purchase actual, delivered cryptocurrencies. Instead, they both offer trading in cryptocurrency derivatives. Despite the similar offerings, FXOpen and Alpari each receive a rating of three stars for their range of investments and rank closely with FXOpen at #61 and Alpari at #62, according to ForexBrokers.com. This suggests that while they have comparable features, neither tops the list when it comes to investment diversity among other brokers.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 87 | 105 |
| Forex Pairs (Total) | 25 | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing FXOpen and Alpari, both online brokers offer simulated trading environments with free virtual demo accounts, making it easy for beginners to practice without financial risk. FXOpen does not have a proprietary platform but provides traders with both Windows-based desktop and web-based trading platforms, including popular MetaTrader 4 and MetaTrader 5. Alpari, on the other hand, does offer a proprietary platform alongside similar desktop and web-based trading capabilities, also supporting MT4 and MT5. Both brokers offer copy trading, but only FXOpen supports ZuluTrade for an enhanced social trading experience.
In terms of tools for traders, FXOpen and Alpari both come equipped with 15 drawing tools and the capability for direct trading from stock charts. However, neither broker offers DupliTrade. Watch lists on both platforms feature seven columns, providing an organized overview of market instruments. Despite the many similarities, FXOpen edges slightly ahead in rankings, placing 53rd compared to Alpari's 55th in ForexBrokers.com's evaluation of trading platforms and tools, though both receive a commendable four-star rating in this category.
| Feature |
FXOpen
|
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 | Yes | 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 comparing the mobile trading apps of FXOpen and Alpari, both brokers offer comprehensive solutions for traders on the move. FXOpen and Alpari provide apps for both iPhone and Android, catering to a wide range of users. Each app includes important features like price alerts for both stocks and forex, the ability to draw trendlines on charts, and viewing multiple time frames whether daily, weekly, or intraday. Both apps allow users to create watchlists with real-time quotes, although they lack watchlist symbol syncing between the mobile app and online account, and they do not auto-save drawings on charts.
With 30 technical studies available for charting, both FXOpen and Alpari give app users ample tools for analysis. Despite the similarities in features, FXOpen slightly outranks Alpari in the mobile trading apps category, securing the 54th spot compared to Alpari's 56th out of 62 brokers according to ForexBrokers.com. However, both brokers score an equal 4-star rating from users for their mobile apps. This parity makes either broker a viable option for those prioritizing mobile trading functionalities in their trading routine.
| Feature |
FXOpen
|
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 | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FXOpen and Alpari for market research offerings, both platforms shine in certain areas while showing limitations in others. FXOpen, unlike Alpari, provides daily market commentary, making it an attractive choice for traders who rely on regular insights. Both brokers share access to forex news from top-tier sources such as Bloomberg or Reuters, ensuring that crucial updates are at the fingertips of their users. However, neither broker offers sentiment-based trading tools, market research from TipRanks, or tools from Acuity Trading, which may be a consideration for some traders.
FXOpen and Alpari both provide economic calendars, aiding traders in keeping track of vital global events. However, Alpari pulls ahead by offering Autochartist tools for technical and fundamental research, which FXOpen lacks. Both brokers receive a 3-star rating for research, highlighting that there is room for growth for each. When it comes to rankings by ForexBrokers.com, FXOpen stands at #62 while Alpari is positioned slightly better at #57 out of 62 brokers, indicating a modest edge for Alpari in research-based services.
| Feature |
FXOpen
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | 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 educational resources for beginner traders, Alpari outshines FXOpen in offering forex and CFD education. Alpari provides a rich selection of training materials, including more than 10 educational pieces like articles, videos, and archived webinars focused on forex and CFD trading. In contrast, FXOpen does not meet this standard, offering fewer resources for novice traders. Additionally, Alpari offers over 10 beginner educational videos specifically designed to help new traders get a solid understanding of trading concepts, while FXOpen falls short in this area. Both platforms, however, lack the provision of monthly webinars and archives of recorded sessions, potentially limiting ongoing learning opportunities.
Although neither FXOpen nor Alpari offers a comprehensive set of advanced educational videos for seasoned traders, both brokers feature an investor dictionary containing definitions for over 50 investing terms, which can be a helpful tool for both new and experienced investors. Despite having some educational resources, both FXOpen and Alpari receive an education rating of three out of five stars. Among 62 brokers reviewed, FXOpen ranks #58, while Alpari ranks slightly higher at #48, suggesting Alpari offers a slightly more structured educational experience for those beginning their trading journey.
| Feature |
FXOpen
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FXOpen is better than Alpari. FXOpen finished with an overall rank of #54, while Alpari finished with an overall rank of #57.
FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.
| Feature |
FXOpen
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 76 | 68 |
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Both FXOpen and Alpari do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
FXOpen and Alpari both lack ACH and SEPA transfer options, as well as PayPal, for account funding and withdrawals; however, they both support Skrill, Visa, Mastercard, and bank wire transfers for these 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 | FXOpen | Alpari | |
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| Trust Score | 76 | 68 | |
| Winner | check_circle | ||
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| Broker Screenshots | FXOpen | Alpari | |
|---|---|---|---|
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| Regulation | FXOpen | Alpari | |
|---|---|---|---|
| Trust Score | 76 | 68 | |
| Year Founded | 2003 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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) | FXOpen | 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) | 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) | FXOpen | 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 | FXOpen | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 87 | 105 | |
| Forex Pairs (Total) | 25 | 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). |
| Cost | FXOpen | 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 | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXOpen | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FXOpen | 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 | Yes | No |
| Trading Tools | FXOpen | 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 | FXOpen | 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 | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXOpen | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | FXOpen | 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) | Yes | Yes |
| Major Forex Pairs | FXOpen | 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 | |
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| Overall | FXOpen | Alpari | |
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| Trust Score | 76 | 68 | |
| Winner | check_circle | ||
| Review |
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