Are you trying to figure out which is a better broker, Alpari International or 24Option? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that 24Option is the better of the two. 24Option offers 300 instruments, licenses from IFSC, and fair trading fees.
In the tables below, you can compare the features of Alpari International and 24Option side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked 24Option higher than Alpari International.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |  |  |
| OPEN ACCOUNT | Review | Review |
| RATING | 90/100 | 94.2/100 |
| MIN. DEPOSIT | 5$ | 250$ |
| REGULATED BY |  |  |
| BONUS | Cashback | N/A |
| MIN. SPREAD | 1.2 | 1.1 |
| MAX. LEVERAGE | 1:1000 | 250 |
| CURRENCY PAIRS | 60 | 30 |
| TRADING INSTRUMENTS | 90+ | 300 |
| TRADING PLATFORMS | MT4, MT5, Mobile | MT4, Private |
| DEPOSIT METHODS | Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more | Bank transfer, Visa, MasterCard, Skrill, Neteller and more |
| TYPE OF BROKERS | STP/ECN | Market Maker |
| CUSTOMER SUPPORT | 24/5 | 24/5 |
| LANGUAGE SUPPORT | 8 | 12 |
| ESTABLISHED | 1998 | 2009 |
| USED BY | 2,000,000+ Traders | 50,000+ Traders |
Does Alpari International or 24Option have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive Alpari International and 24Option are, we first considered the common fees on Standard Accounts. At Alpari International the average spread for the EUR/USD currency pair is 1.2 pips, whilst at 24Option the spread is 1.1.
This shows that 24Option is the better option for low-cost forex trading.
When it comes to non-trading fees, Alpari International charges for inactivity. 24Option charges for inactivity. With this in mind, both brokers offer similar non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that Alpari International is the better option.
Trading Fees*
| TYPE OF FEE | ALPARI INTERNATIONAL | 24OPTION |
|---|---|---|
| Minimum Spread EURUSD (pips) | 1.2 | 1.1 |
| Commission (%) | 0 | 0 |
| Commission on Islamic Accounts (%) | 0 | 0 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | ALPARI INTERNATIONAL | 24OPTION |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | Y | Y |
| Deposit Fees | N | N |
| Withdrawal Fees | N | N |
Which broker is safer, Alpari International or 24Option?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
Alpari International is regulated by FCA and offers client protection. 24Option is regulated by IFSC and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that Alpari International is the safer broker.
Broker summary
| ALPARI INTERNATIONAL | 24OPTION | |
|---|---|---|
| Minimum Deposit (USD $) | 5 | 250 |
| Licenses | FCA | IFSC |
| Max. Leverage | 1:1000 | 250 |
| Client Protection | Y | N |
| Broker Type | STP/ECN | Market Maker |
| Number of Instruments | 90+ | 300 |
| Currency Pairs | 60 | 30 |
| Stocks | 10 | 199 |
| Cryptocurrencies | 4 | 36 |
| CFDs | Y | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | Y | N |
| Mobile Compatible | Y | N |
| Research Tools | Y | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more | Bank transfer, Visa, MasterCard, Skrill, Neteller and more |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
How many trading instruments are available at Alpari International and 24Option?
Alpari International provides traders with 90+ instruments. This includes 60 currency pairs, 4 cryptocurrencies, and 10 stocks and shares. With Alpari International, you can also trade CFDs.
In comparison, 24Option boasts 300 tradable instruments. 24Option offers 30 currency pairs, 36 cryptocurrencies, and 199 stocks and shares. 24Option also allows CFD trading.
As 24Option has 300 and Alpari International has 90+, a difference of 210, this shows that 24Option offers more opportunities to diversify your trading portfolio.
Markets and Products
| INSTRUMENT | ALPARI INTERNATIONAL | 24OPTION |
|---|---|---|
| Currency Pairs | 60 | 30 |
| Commodities | 0 | 18 |
| Precious Metals | 5 | 6 |
| Indices | 11 | 22 |
| Stocks and Shares | 10 | 199 |
| Cryptocurrencies | 4 | 36 |
| Options | 0 | |
| ETFs | 1 | 1 |
Which broker offers the best trading platform, Alpari International or 24Option?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
Alpari International provides you with the ability to trade via 3 trading platforms, and 24Option has 2 trading platforms. Both brokers also offer research and trading tools, however 24Option has more.
Overall, our experts agree that Alpari International boasts the better trading platform offering.
Research Tools
| TOOL | ALPARI INTERNATIONAL | 24OPTION |
|---|---|---|
| News (from top-tier sources) | N | Y |
| Trading Signals and Indicators | Y | Y |
| Trade Ideas | N | Y |
| Expert Analysis | N | Y |
| Autochartist Tools | N | N |
| Sentiment Charts | N | Y |
| Economic Calendar | Y | Y |
Which is better for beginners, Alpari International or 24Option?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that 24Option is the better broker for beginner traders as it offers a larger range of educational tools and materials. 24Option also has a minimum deposit of $.
Educational Features
| FEATURE | ALPARI INTERNATIONAL | 24OPTION |
|---|---|---|
| Demo Account | Y | Y |
| Platform Tutorial Videos | N | Y |
| Educational PDFs | N | Y |
| Live Webinars | Y | Y |
| YouTube Videos | N | Y |
| Trading Academy | Y | Y |
| Trading Glossary | N | Y |
Which broker is better overall?
Overall, our tested reviewing methodology proves that 24Option is the better broker in a range of key areas. You can learn more by reading our Alpari International and 24Option reviews.
