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 RoboForex and Alpari, one of the key considerations is their commissions and fees. RoboForex offers average spreads of 1.3 pips on EUR/USD, which is considered high, particularly on their Procent and Pro accounts. This positions RoboForex with a rating of 3.5 out of 5 stars for commissions and fees, according to ForexBrokers.com, where it ranks 54th out of 62 brokers.
On the other hand, Alpari does not provide specific average spread data, making direct comparison challenging. Despite this, Alpari enjoys a higher rating of 4 out of 5 stars for its commissions and fees, indicating a more favorable reception from users and experts. It ranks 41st among 62 brokers in this category, suggesting it offers a more competitive fee structure compared to RoboForex.
In summary, although RoboForex and Alpari each have their own strengths and weaknesses in terms of commissions and fees, Alpari stands out with a higher rating and ranking, suggesting a potentially more cost-effective option for traders. This simple comparison can help potential investors decide which broker aligns best with their financial objectives and trading needs.
| 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 the range of investments between RoboForex and Alpari, both platforms provide options for trading forex as Contracts for Difference (CFDs) or spot contracts. RoboForex stands out with a remarkable offering of 8400 tradeable symbols, significantly overshadowing Alpari's 105. However, focusing on forex pairs, Alpari offers a wider selection with 46 pairs compared to RoboForex's 28. Neither broker allows for direct purchase of U.S. exchange-traded securities like Apple shares, but Alpari offers access to some international securities, while RoboForex does not. Both platforms support copy trading and provide access to cryptocurrency derivatives, though neither allows for purchasing actual cryptocurrencies.
RoboForex earns a higher rating of 4.5 stars for its range of investments, compared to Alpari’s 3 stars. This difference in rating reflects RoboForex's overall broader selection of tradeable symbols. On ForexBrokers.com, RoboForex is ranked 20th out of 62 brokers for their investment range, while Alpari lags behind at 62nd. While both brokers offer some unique benefits, RoboForex generally provides a more extensive selection of investment opportunities, catering to a variety of trading preferences.
| 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.
Both RoboForex and Alpari offer an array of trading platforms and tools that cater to a wide range of traders. They each provide a virtual demo account for those interested in paper trading, making it easy for newcomers to get a feel for the markets without financial risk. RoboForex does not offer a proprietary platform, whereas Alpari complements its offerings with its own in-house built platform. Both brokers allow traders to use familiar platforms like MetaTrader 4 and MetaTrader 5, available through Windows-based desktop downloads and web browsers. Each broker supports copy trading but does not offer services like DupliTrade or ZuluTrade, aligning their focus on core trading features.
When it comes to charting tools, RoboForex and Alpari both provide 15 drawing tools and the option to execute trades directly from stock charts, making them both efficient for technical traders. They share a similar watchlist setup with 7 columns available for customization. Despite these similarities, there is a slight difference in the overall perception of their trading platforms and tools; RoboForex is rated 4 stars and holds a mid-ranking position at #43 according to ForexBrokers.com, while Alpari also scores 4 stars but is ranked slightly lower at #55. These ratings suggest that while both brokers offer competitive features, trader preferences may ultimately decide which platform better suits their specific needs.
| 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 comparing the mobile trading apps of RoboForex and Alpari, both platforms offer apps for iPhone and Android devices, ensuring broad accessibility for users. They both provide users with the convenience of setting stock or forex price alerts and creating watchlists with real-time quotes. Unfortunately, neither of the apps supports watchlist symbol syncing, meaning changes made to watchlists on one device don't automatically update on others. In terms of technical capabilities, RoboForex and Alpari both offer 30 technical studies for charting and allow users to draw trendlines. Additionally, both apps support viewing stock or forex charts across multiple time frames, such as daily, weekly, or intraday views. A distinctive feature of RoboForex is its ability to auto-save drawings directly on its charts, a function missing from the Alpari app.
Despite these similarities, notable differences emerge in user satisfaction and rankings. RoboForex clinches a slight advantage with a 4-star rating in mobile trading apps compared to Alpari’s equal rating, but crucially, it stands ahead in expert rankings. ForexBrokers.com ranked RoboForex #43 out of 62 brokers, while Alpari trails at #56. This slight edge in ranking suggests that while both apps offer substantial trading tools, RoboForex may provide a slightly smoother or more favorable user experience overall. By weighing these factors, traders can better decide which platform suits their mobile trading needs.
| 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.
RoboForex and Alpari offer varied resources for traders conducting market research. RoboForex stands out by providing daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters, enhancing a trader's ability to stay informed. While both brokers provide access to an economic calendar that showcases global news events affecting markets, RoboForex further enriches trading experiences with tools from Trading Central and Acuity Trading. These additions contribute to RoboForex's higher research rating of 3.5 stars, compared to Alpari’s 3 stars.
However, Alpari distinguishes itself by offering technical analysis tools from Autochartist, which RoboForex lacks. Despite this, RoboForex’s comprehensive offering has earned it a higher rank in the research category, placing #37 out of 62 brokers on ForexBrokers.com, whereas Alpari is ranked #57. Both platforms, however, do not offer market research from TipRanks or sentiment-based trading tools. Overall, RoboForex provides a broader array of resources, making it a more attractive choice for those seeking detailed market insights.
| 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.
When exploring the educational offerings for beginners in online trading, RoboForex and Alpari present different strengths. Alpari stands out with a wide range of learning materials, boasting over 10 educational pieces primarily focused on forex and CFDs. Additionally, Alpari provides more than 10 beginner-focused trading videos, making it easier for new traders to grasp complex topics. Meanwhile, RoboForex does not provide these educational resources, potentially making it a less attractive option for those just starting in the world of online trading.
Neither RoboForex nor Alpari offers regular live educational webinars, nor do they maintain archives of past sessions. This might limit the ability of users to engage in interactive learning sessions or revisit past content on demand. In terms of educational tools, Alpari further extends its lead with a comprehensive investor dictionary of over 50 terms, whereas RoboForex does not offer such a resource. Despite these differences, both brokers receive similar educational ratings, with RoboForex earning 3.5 stars and Alpari rated slightly lower with 3 stars. However, when ranked by ForexBrokers.com, RoboForex's educational offerings place it at #56 out of 62 brokers, while Alpari fares better at #48.
| 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 62 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) | |||
| Education Gallery (click to expand) |
| 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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