Are you trying to figure out which is a better broker, InstaForex or Alpari International? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that InstaForex is the better of the two. InstaForex offers 300+ instruments, licenses from FSC, and fair trading fees.
In the tables below, you can compare the features of InstaForex 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 InstaForex 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 | 95.5/100 | 90/100 |
| MIN. DEPOSIT | 100$ | 5$ |
| REGULATED BY |  |  |
| BONUS | $20 | Cashback |
| MIN. SPREAD | 3 | 1.2 |
| MAX. LEVERAGE | 1:1000 | 1:1000 |
| CURRENCY PAIRS | 110 | 60 |
| TRADING INSTRUMENTS | 300+ | 90+ |
| TRADING PLATFORMS | MT4, MT5, Private | MT4, MT5, Mobile |
| DEPOSIT METHODS | Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more | Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more |
| TYPE OF BROKERS | ECN | STP/ECN |
| CUSTOMER SUPPORT | 24/7 | 24/5 |
| LANGUAGE SUPPORT | 1 | 8 |
| ESTABLISHED | 2007 | 1998 |
| USED BY | 100,000+ Traders | 2,000,000+ Traders |
Does InstaForex 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 InstaForex and Alpari International are, we first considered the common fees on Standard Accounts. At InstaForex the average spread for the EUR/USD currency pair is 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, InstaForex 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 Alpari International is the better option.
Trading Fees*
| TYPE OF FEE | INSTAFOREX | ALPARI INTERNATIONAL |
|---|---|---|
| Minimum Spread EURUSD (pips) | 3 | 1.2 |
| Commission (%) | 0 | 0 |
| Commission on Islamic Accounts (%) | 0 | 0 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | INSTAFOREX | ALPARI INTERNATIONAL |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | Y | Y |
| Deposit Fees | N | N |
| Withdrawal Fees | Y | N |
Which broker is safer, InstaForex 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.
InstaForex is regulated by FSC and does not offer client protection. Alpari International is regulated by FCA and does not offer client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that InstaForex is the safer broker.
Broker summary
| INSTAFOREX | ALPARI INTERNATIONAL | |
|---|---|---|
| Minimum Deposit (USD $) | 100 | 5 |
| Licenses | FSC | FCA |
| Max. Leverage | 1:1000 | 1:1000 |
| Client Protection | N | Y |
| Broker Type | ECN | STP/ECN |
| Number of Instruments | 300+ | 90+ |
| Currency Pairs | 110 | 60 |
| Stocks | 89 | 10 |
| Cryptocurrencies | 5 | 4 |
| CFDs | Y | Y |
| Proprietary Trading Platform | N | N |
| MT 4 | Y | Y |
| MT 5 | Y | Y |
| Mobile Compatible | N | Y |
| Research Tools | Y | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank transfer, Visa, MasterCard, Skrill, Neteller, E-Wallets and more | Bank TransferBank transfer, Visa, MasterCard, E-Wallets and more |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
How many trading instruments are available at InstaForex and Alpari International?
InstaForex provides traders with 300+ instruments. This includes 110 currency pairs, 5 cryptocurrencies, and 89 stocks and shares. With InstaForex, 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
| INSTRUMENT | INSTAFOREX | ALPARI INTERNATIONAL |
|---|---|---|
| Currency Pairs | 110 | 60 |
| Commodities | 87 | 0 |
| Precious Metals | 4 | 5 |
| Indices | 14 | 11 |
| Stocks and Shares | 89 | 10 |
| Cryptocurrencies | 5 | 4 |
| Options | 0 | 0 |
| ETFs | 1 | 1 |
Which broker offers the best trading platform, InstaForex 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.
InstaForex 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 InstaForex has more.
Overall, our experts agree that InstaForex boasts the better trading platform offering.
Research Tools
| TOOL | INSTAFOREX | ALPARI INTERNATIONAL |
|---|---|---|
| News (from top-tier sources) | Y | N |
| Trading Signals and Indicators | Y | Y |
| Trade Ideas | Y | N |
| Expert Analysis | Y | N |
| Autochartist Tools | N | N |
| Sentiment Charts | N | N |
| Economic Calendar | Y | Y |
Which is better for beginners, InstaForex 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 InstaForex is the better broker for beginner traders as it offers a larger range of educational tools and materials. InstaForex also has a minimum deposit of $.
Educational Features
| FEATURE | INSTAFOREX | ALPARI INTERNATIONAL |
|---|---|---|
| Demo Account | Y | Y |
| Platform Tutorial Videos | Y | N |
| Educational PDFs | Y | N |
| Live Webinars | N | Y |
| YouTube Videos | Y | N |
| Trading Academy | Y | Y |
| Trading Glossary | Y | N |
Which broker is better overall?
Overall, our tested reviewing methodology proves that InstaForex is the better broker in a range of key areas. You can learn more by reading our InstaForex and Alpari International reviews.
