Written by ForexBrokers.com
In this head to head comparison of FxPro 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 evaluating online brokers, regulatory standing is a crucial factor that impacts trust. FxPro, established in 2006, is not publicly traded nor a bank. However, it holds two Tier-1 licenses, making it highly trusted in the industry. With a ForexBrokers.com Trust Score of 90, FxPro is regarded as a highly trusted broker, aligning with the top tier of the rating system, between 90-99.
Alpari, founded in 1998, also remains a privately held entity that is not a bank. Unfortunately, Alpari does not possess any Tier-1 or Tier-2 licenses, which affects its standing as per regulatory standards. This is reflected in its ForexBrokers.com Trust Score of 68, placing Alpari in the higher risk category and suggesting it is less trusted compared to FxPro.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Year Founded | 2006 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing FxPro and Alpari for commissions and fees, both brokers have received a favorable rating of 4 out of 5 stars. However, FxPro is ranked higher at #32 compared to Alpari's #41 position among 62 brokers as per ForexBrokers.com. FxPro's pricing is generally higher than the industry average, making it less competitive than some peers such as Pepperstone and IC Markets. FxPro offers different execution methods and pricing models on its MT4 and MT5 platforms, including variable and fixed spreads on MT4 and market execution on both MT4 and MT5. In contrast, Alpari does not provide specific average spread data, which may affect transparency for traders.
FxPro provides its most competitive spreads on the cTrader platform, where a commission-based pricing model is used. For instance, the effective spread for trading the EUR/USD pair on cTrader is approximately 1.27 pips, incorporating an average spread of 0.37 pips and a 0.9 pip commission-equivalent. The floating-rate model available on MT4 and MT5 showcases spreads for the EUR/USD pair of 1.58 pips for market execution and 1.71 pips for instant execution on MT4, based on data from August 2020. Additionally, FxPro does not offer fixed-spread options on MT5.
Active traders at FxPro can benefit from an Active Trader program as part of the Elite account offering, providing discounts of up to 30%. While this is a notable advantage, it still falls short when compared to similar programs by competitors like FOREX.com, IG, and Saxo. On the other hand, Alpari's fee structure and spreads remain less transparent due to the lack of specific data, which may be a concern for those looking to make more informed decisions.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.51 | N/A |
| All-in Cost EUR/USD - Active | 1.27 | 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 FxPro and Alpari in terms of their available range of investments, it is clear that both brokers cater to forex traders, offering forex trading as CFDs or spot contracts. FxPro stands out with a more diverse selection, providing access to 2,249 tradeable symbols, including 70 forex pairs. In contrast, Alpari offers a more limited range, featuring 105 tradeable symbols and 46 forex pairs. Both brokers, however, do not provide direct access to U.S. exchange-traded securities but do offer international options, allowing clients to invest in companies like Vodafone.
Both FxPro and Alpari support copy trading and allow trading of cryptocurrency derivatives, although neither offers actual cryptocurrency purchases. Despite their similarities, FxPro's broader investment offerings earn it a higher rating, with four stars, compared to Alpari's three stars. This is reflected in ForexBrokers.com's rankings, where FxPro is positioned at #28 out of 62 brokers for range of investments, while Alpari is ranked at #62, indicating FxPro as the more advantageous choice for investors seeking greater variety.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 105 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 comparing the online brokers FxPro and Alpari in terms of trading platforms and tools, both offer a free virtual demo account for simulated trading, making it easier for traders to practice without financial risk. Each broker provides a proprietary platform developed in-house, alongside the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both brokers support trading on Windows-based desktop applications and web-based platforms, catering to different user preferences. In terms of social trading, both FxPro and Alpari offer copy trading options but not DupliTrade or ZuluTrade. Traders with either broker can also trade directly from stock charts.
FxPro and Alpari both excel in offering a wide range of tools for customizing their trading experience, with FxPro providing 25 drawing tools for charting, compared to Alpari's 15. When it comes to organizing market data, FxPro offers six fields for watch lists, while Alpari provides seven. Despite both being rated four stars for trading platforms and tools, they differ in rankings according to ForexBrokers.com; FxPro ranks at #19 while Alpari sits at #55 out of 62 brokers. This indicates that while both brokers perform well, FxPro is seen as having a slight edge in this category.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both FxPro and Alpari provide apps for iPhone and Android users, ensuring convenient access to trading on the go. Both platforms offer stock and forex price alerts and allow users to draw trendlines on charts, with the ability to view different time frames within the apps. However, there are some notable differences in their features. FxPro excels with its ability to sync watchlist symbols between the mobile app and online accounts, a feature that Alpari currently lacks. Additionally, FxPro's app stands out with 65 technical studies for charting compared to Alpari's 30, and it offers the convenience of auto-saving chart drawings, which Alpari does not. Both apps allow users to create watchlists with real-time quotes.
In terms of user ratings and rankings, FxPro's mobile trading app receives a slightly higher score of 4.5 stars out of five, compared to Alpari's 4 stars. This higher rating is reflected in their position on ForexBrokers.com's list, where FxPro ranks 15th out of 62 brokers, while Alpari sits at 56th. For traders looking for comprehensive technical features and enhanced syncing capabilities, FxPro presents a more appealing option, while Alpari provides a solid option for those who prioritize basic functionalities.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and Alpari for market research options, FxPro stands out with a broader range of features. FxPro offers daily market commentary, while Alpari does not, providing traders with fresh insights regularly. Both brokers deliver forex news from top-tier sources like Bloomberg and Reuters, but FxPro adds an edge with a sentiment-based trading tool that displays the ratio of long or short positions across currency pairs. Additionally, FxPro offers tools from Trading Central for technical analytics, which is not available with Alpari. Both brokers provide an economic calendar, yet FxPro’s overall offering is reflected in its higher research rating of 4 stars compared to Alpari's 3 stars.
Alpari does feature technical analysis tools from Autochartist, unlike FxPro, which can appeal to traders focusing on this particular tool. However, when it comes to overall market research, FxPro ranks 27th among 62 brokers by ForexBrokers.com, significantly ahead of Alpari's ranking of 57th. This suggests that while both have their strengths, FxPro provides a more comprehensive research experience, catering to traders seeking in-depth market insights and a variety of analytical tools.
| Feature |
FxPro
|
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 | Yes | 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, FxPro and Alpari both provide a variety of materials. Each offers a collection of at least 10 educational pieces such as articles, videos, and archived webinars that focus on forex or CFDs. While neither broker provides monthly online educational webinars, FxPro edges ahead by offering a searchable archive of past webinars, a feature Alpari lacks. Both brokers ensure that beginners have access to at least 10 introductory videos on trading topics, providing a solid starting point for newcomers looking to understand the basics.
In addition to basic educational offerings, both FxPro and Alpari include an investor dictionary, each covering at least 50 investing terms to aid in learning the language of trading. However, neither broker supplements their beginner's resources with advanced educational videos for seasoned traders. For those weighing educational value, FxPro might be the preferred choice with a 4-star rating in education and a higher ranking at 17th out of 62 brokers according to ForexBrokers.com, while Alpari is rated 3 stars and ranks 48th. These differences may be significant for beginners prioritizing structured learning in their trading journey.
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | 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 FxPro is better than Alpari. FxPro finished with an overall rank of #21, while Alpari finished with an overall rank of #57.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 90 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both FxPro and Alpari do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to invest in cryptocurrency derivatives.
FxPro outshines Alpari in offering more diverse fund transfer methods, including ACH, SEPA, and PayPal, while both brokers share support for Visa, Mastercard, Skrill, and bank wires.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FxPro | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 68 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | FxPro | Alpari | |
|---|---|---|---|
| Trust Score | 90 | 68 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | 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) | FxPro | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 105 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | N/A | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | 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 | FxPro | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review |
| Overall | FxPro | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 90 | 68 | |
| Winner | check_circle | ||
| Review | FxPro Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
