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Broker comparison between FxPro vs Alpari
Do you want to figure out which is the better broker, fxpro or alpari?
In the following table, you can compare the features of fxpro and alpari side by side to determine the best fit for your trading needs.
Wikifx rating
Basic Information
Benchmark
Account
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does fxpro or alpari have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that fxpro and alpari are both reliable. We analyze the reasons as following:
Forex broker introduction
fxpro
General Information & Regulation
Founded in 2006, FxPro is a Forex and CFD broker, providing retail and institutional clients in over 170 countries with over 260 CFD products across six asset classes. FxPro Group Limited is the holding company of FxPro Financial Services Ltd, FxPro UK Limited and FxPro Global Markets Ltd. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. 509956). FxPro Financial Services Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and authorised by the Financial Sector Conduct Authority ('FSCA') (authorisation no. 45052). FxPro Global Markets Ltd is authorised and regulated by the SCB (license no. SIA-F184). FxPro does not offer Contracts for Difference to residents of certain jurisdictions including the USA, Iran and Canada.
Market Instruments
FxPro offers CFDs in 6 asset classes, including Forex currency pairs, equities, spot indices, futures, spot metals, spot energy, etc. Tradable instruments available on the FxPro platform seem average, for many other brokers offer the ability for traders to get access to richer products including cryptos, ETFs, as well as shares.
Minimum Deposit
There seems only one trading account offered by FxPro, and this broker requires traders to fund at least $100 for the first time. This sounds the quite reasonable initial deposit requirement for most regular traders to get started.
FxPro Leverage
Trading leverage vary depending on client types. For retail traders, FxPro offers the maximum trading leverage of capped at 1:30 for forex trading. For professionals, they can apply the high leverage level of up to 1:500 for forex instruments.
Spreads & Commissions
In terms of spreads offered by this broker, it varies depending on different trading platform. The spread on EUR/USD pair start from 1.5 pips in the MT4 trading platform, and starting around 0.2 pips in the cTrader platform where commission is apllied.
Trading Platform
FxPro offers a wide range of trading platforms for investors, MT4 Web, MT4 Multi-Terminal, MT4 Mobile, MT4 Tablet, MT5 Web, MT4 Mobile & MT4 Tablet FxPro cTrader, to meet a wide range of user needs.
Deposit & Withdrawal
Traders can choose from a variety of deposit and withdrawal options at FxPro forex. The FxPro Cyprus and Bahamas companies support wire transfers, internal broker transfers, VISA, MASTERCARD, Maestro, PayPal, Skrill, NETELLER, and CUP, Maestro.
Customer Support
The FxPro official website is multilingual for traders from all over the world. Traders can reach the FxPro cutomer support team through email, telephone, as well as live call.
alpari
General Information & Regulation
Alpari international is the business name of Exinity Limited which is regulated by the financial services commission of the republic of Mauritius with an investment dealer license bearing license number c113012295. Traders can get access to various financila instuments through the Alpari international platfrom, including forex instruments, precious metals, commodites, and a series of CFDs.
Markets Instruments
Alpari International says it offers investors more than 250 trading instruments, including Forex currency pairs, spot precious metals, cryptocurrencies (Bitcoin, Ether, Litecoin, Ripple), CFDs, and binary options.
Minimum Deposit
Alpari International offers four different types of trading accounts: Micro (minimum initial deposit of $5/GBP/EUR/1,000 rubles), Standard (minimum initial deposit of $100/GBP/EUR/20,000 rubles), ECN (MT4 & MT5), and Pro (MT4). The minimum initial deposit for ECN accounts is 500 EUR/USD/GBP/20,000 rubles, and for Pro accounts, the minimum initial deposit is 25,000 GBP/USD/EUR. The maximum number of pending orders is 100 for Micro and Standard accounts and 300 for ECN and PRO accounts, and the account currencies for all accounts are USD, EUR, GBP, RUB.
Leverage
The Micro account comes with fixed leverage, up to 1:400, while the Standard account offers floating leverage with maximum trading leverage of 1:1000. ECN accounts have maximum trading leverage of 1:1000 (floating), and PRO accounts have maximum trading leverage of 1:300 (floating).
Spreads & Commissions
The minimum spread offered on Micro accounts is 1.7 pips for EURUSD and 1.2 pips for EURUSD on Standard accounts. Spreads on ECN accounts start at 0.4 pips, and commissions are $1.5 per side. Spreads on Pro accounts start at 0.4 pips, and no commissions are charged on transactions.
Trading Platforms
Alpari International offers two trading platform options, MT4 and MT5. MT5 is a newly upgraded version of MT4, including hedging options, while MT4 is slightly less advanced than the former, but its performance stability is better than the former.
Deposit and Withdrawal
Alpari International offers three main types of deposit methods: local deposits, credit card deposits, and e-wallet deposits. Local deposit methods include FasaPay, local bank deposits in China, wire transfers from local banks in Nigeria, and online banking in China. Credit card deposit methods include VISA, MasterCard, Maestro, and e-wallet deposit methods include Skrill, VLOAD, Neteller, WebMoney, Perfect Money, and Bitcoin Wallet.
Customer Support
Traders can contact Alpari International customer support 24/5, and Saturday and Sunday between 1200 and 2000. While the FAQ section attempts to answer all questions, the live chat function represents the most convenient contact method. Traders may also call, send an e-mail, or connect via Telegram.
Accepted Regions
Alpari International does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Brazil, Puerto Rico, the Occupied Area of Cyprus.
Does fxpro or alpari have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive fxpro and alpari are, we first considered common fees for standard accounts. On fxpro, the average spread for the EUR/USD currency pair is -- pips, while on alpari the spread is From 1.2.
Which broker is safer, fxpro or alpari?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. fxpro is regulated by CYSEC,FCA. alpari is regulated by NBRB.
Which broker provides better trading platform, fxpro or alpari?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. fxpro Available trading platforms include --, tradable financial instruments include Standard Account、Micro Account alpari works/provides -- trading platform, trading instruments Standard Account、Micro Account
