Plus500 vs Alpari International Broker Comparison
Are you trying to figure out which is a better broker, Plus500 or Alpari International? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Plus500 is the better of the two. Plus500 offers 2,000+ instruments, licenses from FCA, CySec, FSCA, ASIC, and fair trading fees.
In the tables below, you can compare the features of Plus500 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 Plus500 higher than Alpari International.
Does Plus500 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 Plus500 and Alpari International are, we first considered the common fees on Standard Accounts. At Plus500 the average spread for the EUR/USD currency pair is 0.7 pips, whilst at Alpari International the spread is 1.2.
This shows that Plus500 is the better option for low-cost forex trading.
When it comes to non-trading fees, Plus500 charges for inactivity. Alpari International 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 Plus500 is the better option.
*Based on Standard account type.
Which broker is safer, Plus500 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.
Plus500 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 Plus500 is the safer broker.
How many trading instruments are available at Plus500 and Alpari International?
Plus500 provides traders with 2,000+ instruments. This includes 71 currency pairs, 13 (availability subject to regulations) cryptocurrencies, and 1000 stocks and shares. With Plus500, 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.
Which broker offers the best trading platform, Plus500 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.
Plus500 provides you with the ability to trade via 2 trading platforms, and Alpari International has 3 trading platforms. Both brokers also offer research and trading tools, however Plus500 has more.
Overall, our experts agree that Alpari International boasts the better trading platform offering.
Which is better for beginners, Plus500 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 Alpari International is the better broker for beginner traders as it offers a larger range of educational tools and materials. Alpari International also has a minimum deposit of $.