FXCM vs Alpari International Broker Comparison

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Are you trying to figure out which is a better broker, FXCM or Alpari International? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXCM is the better of the two. FXCM offers 60+ instruments, licenses from FCA, CySec, FSCA, ASIC, and fair trading fees.

In the tables below, you can compare the features of FXCM and Alpari International 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 FXCM 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.
blue-fxcm-logoAlpariAlpari-DarkAlpari
OPEN ACCOUNTReviewReview
RATING96.5/10090/100
MIN. DEPOSIT50 (depending on the payment method)$5$
REGULATED BYuk europe south africa australiauk
BONUSNo InformationCashback
MIN. SPREAD1.31.2
MAX. LEVERAGE1:400 (1:30 for AU, EU and UK clients)1:1000
CURRENCY PAIRS3960
TRADING INSTRUMENTS60+90+
TRADING PLATFORMSMT4, Mobile, PrivateMT4, MT5, Mobile
DEPOSIT METHODSBank transfer, Visa, Mastercard, Skrill, NetsellerBank TransferBank transfer, Visa, MasterCard, E-Wallets and more
TYPE OF BROKERSEnhanced ExecutionSTP/ECN
CUSTOMER SUPPORT24/724/5
LANGUAGE SUPPORT88
ESTABLISHED19991998
USED BY100,000+ Traders2,000,000+ Traders

Does FXCM or Alpari International 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 FXCM and Alpari International are, we first considered the common fees on Standard Accounts. At FXCM the average spread for the EUR/USD currency pair is 1.3 pips, whilst at Alpari International the spread is 1.2.

This shows that Alpari International is the better option for low-cost forex trading.

When it comes to non-trading fees, FXCM charges for inactivity, withdrawal. Alpari International charges for inactivity. With this in mind, Alpari International has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that FXCM is the better option.

Trading Fees*

TYPE OF FEEFXCMALPARI INTERNATIONAL
Minimum Spread EURUSD (pips)1.31.2
Commission (%)00
Commission on Islamic Accounts (%)00

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEFXCMALPARI INTERNATIONAL
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesYN

Which broker is safer, FXCM or Alpari International?

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.

FXCM is regulated by FCA, CySec, FSCA, ASIC and offers client protection. Alpari International is regulated by FCA and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that FXCM is the safer broker.

Broker summary

FXCMALPARI INTERNATIONAL
Minimum Deposit (USD $)50 (depending on the payment method)5
LicensesFCA, CySec, FSCA, ASICFCA
Max. Leverage1:400 (1:30 for AU, EU and UK clients)1:1000
Client ProtectionYY
Broker TypeEnhanced ExecutionSTP/ECN
Number of Instruments60+90+
Currency Pairs3960
Stocks100+10
Cryptocurrencies74
CFDsYY
Proprietary Trading PlatformNN
MT 4YY
MT 5NY
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, Mastercard, Skrill, NetsellerBank TransferBank transfer, Visa, MasterCard, E-Wallets and more
24/5 Customer SupportYY
Live ChatYY

How many trading instruments are available at FXCM and Alpari International?

FXCM provides traders with 60+ instruments. This includes 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. With FXCM, you can also trade CFDs.

In comparison, Alpari International boasts 90+ tradable instruments. Alpari International offers 60 currency pairs, 4 cryptocurrencies, and 10 stocks and shares. Alpari International also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

INSTRUMENTFXCMALPARI INTERNATIONAL
Currency Pairs3960
Commodities110
Precious Metals35
Indices1511
Stocks and Shares100+10
Cryptocurrencies74
Options00
ETFs11

Which broker offers the best trading platform, FXCM or Alpari International?

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.

FXCM provides you with the ability to trade via 3 trading platforms, and Alpari International has 3 trading platforms, too. Both brokers also offer research and trading tools, however FXCM has more.

Overall, our experts agree that FXCM boasts the better trading platform offering.

Research Tools

TOOLFXCMALPARI INTERNATIONAL
News (from top-tier sources)YN
Trading Signals and IndicatorsYY
Trade IdeasYN
Expert AnalysisYN
Autochartist ToolsNN
Sentiment ChartsYN
Economic CalendarYY

Which is better for beginners, FXCM or Alpari International?

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 FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Educational Features

FEATUREFXCMALPARI INTERNATIONAL
Demo AccountYY
Platform Tutorial VideosYN
Educational PDFsYN
Live WebinarsYY
YouTube VideosYN
Trading AcademyYY
Trading GlossaryYN

Which broker is better overall?

Overall, our tested reviewing methodology proves that FXCM is the better broker in a range of key areas. You can learn more by reading our FXCM and Alpari International reviews.

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