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 |
When comparing Spreadex and Alpari based on their commissions and fees, Spreadex stands out for providing transparent data. In January 2024, Spreadex offered an average spread of 0.81 pips for EUR/USD, with a minimum spread of 0.6 pips occurring 60% of the time. This transparency in spread data highlights Spreadex's competitive pricing for forex traders looking for cost efficiency.
Alpari, on the other hand, lacks publicly available average spread data, which makes it challenging to assess its cost efficiency compared to other brokers. However, traders considering Alpari should note that its rating for commissions and fees is equal to Spreadex’s, both receiving four out of five stars. This suggests that traders might experience comparable satisfaction regarding fees with either broker.
Despite equivalent star ratings, these two brokers differ in their rankings by ForexBrokers.com for the Commissions and Fees category. Spreadex is ranked #30 out of 62 brokers, indicating a stronger position in pricing compared to Alpari, which is ranked at #41. Such rankings might influence traders who prioritize lower fees in selecting their preferred platform.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 0.81 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investments, Spreadex shines with an extensive array of 10,000 tradeable symbols, vastly surpassing Alpari's 105 symbols. Both platforms offer forex trading as CFDs or spot contracts. However, Spreadex provides a slightly higher selection, offering 52 forex pairs compared to Alpari's 46. For those interested in alternative investments, both Spreadex and Alpari offer cryptocurrency derivatives, although neither broker allows clients to buy actual cryptocurrencies.
Alpari differentiates itself by offering exchange-traded securities on international exchanges, such as shares on the London Stock Exchange, which Spreadex does not. Additionally, Alpari supports copy trading, a feature not available with Spreadex. Despite these offerings, Spreadex earns a 5-star rating for its expansive range of investments, ranking 13th out of 62 brokers by ForexBrokers.com. In contrast, Alpari receives a 3-star rating, ranked last in the same category.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 105 |
| Forex Pairs (Total) | 52 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | 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 Spreadex and Alpari in terms of trading platforms and tools, both brokers present unique offerings catering to various traders’ needs. Spreadex stands out with its in-house developed platform, accessible via a web-based browser but lacks a downloadable desktop option. They also do not provide a demo account for simulated trading, which might be a downside for beginners seeking practice. On the other hand, Alpari offers a wealth of options, including a Windows-based desktop platform and well-known tools like MetaTrader 4 and 5. Moreover, Alpari supports copy trading, which could be appealing for those interested in mirroring successful traders' strategies. However, both platforms miss out on supporting tools like DupliTrade and ZuluTrade.
In terms of charting tools, Alpari offers more variety with 15 drawing tools compared to Spreadex’s 11, although both support trading directly from stock charts, a handy feature for active traders. When it comes to watch lists, Spreadex provides more columns, offering 8 fields versus Alpari's 7, allowing slightly more flexibility in tracking investments. Despite these differences, both brokers received a rating of 4 out of 5 stars in this category, reflecting solid performance. Interestingly, Spreadex is ranked higher at #46 compared to Alpari’s #55 by ForexBrokers.com, hinting at a slight edge in overall user satisfaction for their trading platforms and tools.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | 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) | 55 | 30 |
| Charting - Drawing Tools (Total) | 11 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Spreadex and Alpari, both brokers cater to iPhone and Android users, providing accessible trading options on the go. They both deliver price alerts for stock and forex trades and allow users to create watchlists with real-time quotes. However, neither broker provides watchlist symbol syncing, which means your watchlists from the mobile app won't automatically update with those on your online account. In terms of charting features, each app supports drawing trendlines and viewing different time frames like daily, weekly, or intraday. One noticeable difference is that Alpari offers 30 technical studies within its app's charting capabilities, while Spreadex's offering in this area is unspecified. Neither app saves chart drawings automatically.
In terms of user satisfaction, both Spreadex and Alpari receive a solid 4-star rating for their mobile trading apps. Despite this, Spreadex holds a slightly better position, being ranked #49 out of 62 brokers by ForexBrokers.com, compared to Alpari at #56. Overall, both Spreadex and Alpari provide competitive mobile trading experiences, but your choice might depend on the specific features you find most beneficial for your trading style.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | N/A | 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 it comes to market research features, Spreadex and Alpari offer different strengths. Spreadex stands out by providing daily market commentary, which Alpari does not. Both brokers deliver forex news from high-quality sources like Bloomberg and Reuters. However, Alpari gains an advantage with access to technical analysis tools from Autochartist, while Spreadex lacks these resources. On the other hand, Spreadex supplies a sentiment-based trading tool that Alpari does not offer. Both platforms include an economic calendar for global news events but neither provides market research from TipRanks or tools from Acuity Trading.
In terms of research ratings, Spreadex scores 4 out of 5 stars, outperforming Alpari's 3-star rating. According to ForexBrokers.com, Spreadex ranks 31st among 62 brokers, indicating its relatively higher competency in the research category. Alpari, on the other hand, ranks 57th, suggesting a need for improvement compared to other brokers. Overall, Spreadex offers a richer research experience, particularly for traders interested in sentiment analysis and comprehensive daily insights.
| Feature |
Spreadex
|
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 | 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 beginners, both Spreadex and Alpari offer a solid foundation for newcomers interested in forex and CFDs. Each broker provides a minimum of ten educational pieces such as articles, videos, or archived webinars focused on forex or CFDs, ensuring beginners have access to essential information to kickstart their trading journey. They also both feature at least ten beginner-specific educational videos, offering straightforward guidance to ease novices into the trading world. Additionally, both brokers provide an investor dictionary that contains definitions of over fifty investing terms, allowing users to become familiar with trading language.
Despite these similarities, there are distinctions in how these brokers are perceived for education. Spreadex is rated 4 stars for its educational content, slightly edging out Alpari, which holds a 3-star rating. Moreover, ForexBrokers.com ranks Spreadex at #45, while Alpari is positioned a little lower at #48 out of 62 brokers in the Education category. However, neither broker hosts monthly online educational webinars or maintains a searchable archive of past webinars. While each has room for improvement, beginners can still gain significant foundational knowledge through their educational offerings.
| Feature |
Spreadex
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 Spreadex is better than Alpari. Spreadex finished with an overall rank of #39, while Alpari finished with an overall rank of #57.
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
|
Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 71 | 68 |
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Both Spreadex and Alpari do not offer the option to buy actual delivered cryptocurrency, but they each provide the ability to trade cryptocurrency derivatives.
Neither Spreadex nor Alpari support ACH, SEPA, or PayPal for deposits and withdrawals; however, while both brokers allow transactions via Visa, Mastercard, and bank wires, only Alpari offers an option to use Skrill.
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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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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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) | 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). | No | No |
| Tier-2 Licenses (Trusted) | Spreadex | 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 | Spreadex | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 105 | |
| Forex Pairs (Total) | 52 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | 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 | Spreadex | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.81 | 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 | Yes | Yes |
| Funding | Spreadex | Alpari | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Spreadex | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | 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 | Spreadex | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 55 | 30 | |
| Charting - Drawing Tools (Total) | 11 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | N/A | 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 | Spreadex | 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 | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Spreadex | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | 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 | Spreadex | 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 | Spreadex Review |
| Overall | Spreadex | Alpari | |
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| Trust Score | 71 | 68 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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