Alpari vs Amarkets - Fees Review included
Which broker is better Alpari or Amarkets? Our expert assessment conducted according to TU’s own methodology showed that Alpari is one of the top brokers in the financial market with the TU Overall Score of 6.53 out of 10. Amarkets is one of the top brokers in the financial market with the TU Overall Score of 8.47 out of 10. Find out more about TU Overall Score.
Feature | Alpari | Amarkets |
---|---|---|
Overall |
4 |
4.4 |
3.7 |
2.1 |
|
3.5 |
4.9 |
|
4.1 |
4.2 |
|
Investment Instruments |
3.5 |
4.1 |
Platforms and Charting Tools |
3.9 |
4.3 |
Deposit and Withdrawal |
4.1 |
4.6 |
Research |
3.8 |
4.2 |
Education |
4.1 |
3.5 |
Support |
4.6 |
4.2 |
Bonuses |
4.5 |
4.4 |
|
|
Alpari vs Amarkets: Pros and Cons
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
“AMarkets” – is the reliable Forex-company that is already trusted by the huge amount of traders. The broker offers its customers the profitable cooperation conditions: wide range of the trading instruments, popular platforms, immediate orders execution, professional support in various issues and may other things.
Alpari | Amarkets | |
---|---|---|
Overall Pros | a large number of trading accounts for traders with different levels of experience and goals; | Order execution 35–50 ms |
high-quality and efficient work by the customer support service | Low spreads | |
many ways to replenish the deposit and withdraw funds | RAMM account for investors | |
Tools for algorithmic trading | ||
Overall Cons | no trading on weekends | high level of the minimum deposit |
withdrawal of funds is carried out after occasional delays | offshore regulation | |
commission compensation for deposits or withdrawals is available only for traders with VIP status; | ||
trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4. |
Alpari vs Amarkets: Safety and Regulation
Regulated By: | Alpari | Amarkets |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC (Mauritius) |
FSA SVG |
Alpari vs Amarkets: Trading Conditions
Trading Conditions | Alpari | Amarkets |
---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader4, MetaTrader5, Mobile Platforms |
Max Leverage (Futures) |
1-30000 |
1-1000 |
Supported Markets |
Currency pairs, metals, CFDs |
Forex, Stocks CFD, Metals, Cryptopairs, Bonds, Commodities, Indices |
Trading assets |
78+ |
200+ |
Trading Accounts |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5 |
Fixed, Standard, ECN |
Base Account Currencies |
USD and EUR |
USD, EUR |
Alpari vs Amarkets: Fees
Forex Trading Fees
Fee | Alpari | Amarkets |
---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
from 1.3 pips. |
Standard Account Fee |
$50 |
$0 |
ECN/STP Account Fee |
$50 |
$2.5/€2.5 charged per lot. |
ECN Account EUR Average Spread |
0.3 pips |
0.3 pips |
CFD Trading Fees
Fee | Alpari | Amarkets |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | Alpari | Amarkets |
---|---|---|
Account Fee |
$50 |
No |
Deposit Fee |
5 EUR/USD/GBP/ 80 ZAR |
No |
Withdrawal Fee |
From 0 up to 50 USD/ 800 ZAR |
Credit/Debit Cards 2,2-3,5% plus a fixed amount, Bank Wire Transfer min 30 EUR, Electronic wallets 0,5-2% |
Inactivity Fee |
5 EUR/USD/GBP/ 80 ZAR |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Alpari vs Amarkets: Trading Assets
Asset Name | Alpari | Amarkets |
---|---|---|
Overall |
78+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (Bitcoin CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Alpari or Amarkets: Investment Programs
Asset Name | Alpari | Amarkets |
---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
Yes |
Yes (RAMM) |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Amarkets or Alpari
Alpari | Amarkets | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
Alpari vs Amarkets: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Alpari | Amarkets |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Alpari vs Amarkets: Research
Research Type | Alpari | Amarkets |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Alpari vs Amarkets: Education
Education Type | Alpari | Amarkets |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
No |
Cent account |
No |
No |
Amarkets vs Alpari: Support
Support Features | Alpari | Amarkets |
---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Facebook, WhatsApp, VK, Telegram |
Telegram, WhatsApp |
Alpari vs Amarkets: Forex Bonuses and Promo
Promo | Alpari | Amarkets |
---|---|---|
Forex Bonus |
Proprietary bonus system: For replenishment of the account, trading, and other operations, the trader receives bonus points on his personal account, which can later be exchanged for discounts or real money; Cashback service: Clients with a high status in the system receive more privileges and access to additional bonuses. |
You can get 20% bonus on your deposit, |
Affiliate Program |
"Revenue Sharing" - a broker's representative may attract new clients and receive up to 60% of the spread for trading operations carried out by the invited trader; “CPA-partner” is a partner whose task is also to attract new customers, but a reward of up to $275 is paid only after new invitees open new accounts and replenish them at least once. |
$10 for every friend you refer |
Other Promos |
||
|
|
Top 5 Reviews on Amarkets
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Comment
I opened an AMarkets account cause they offer a variety of assets to trade. That's true for stocks and forex, but the crypto selection seems a bit limited. They have the big names like Bitcoin and Ethereum, but what about some of the newer altcoins? The market's always evolving, you know? Would be nice to see them add more options in the future.
-
Comment
Hey guys, just wanted to share my experience with AMarkets. So, I've been using it for a while now, and there are a few things you might wanna know. First off, they follow an ECN model, which is cool if you're into that sorta thing. But the downside is they don't have their own platform, so you gotta stick with MT4 or MT5. It's not a deal-breaker for me, but some folks might prefer a proprietary platform. Overall, it's been alright for me, but just thought I'd let you know about these bits.
-
Comment
I've been using AMarkets for a few months now, and one of the features I like most is their Autochartist tool. It scans the markets for potential trading opportunities based on technical chart patterns. This is a huge help for someone new to forex trading like me, because it saves a ton of time staring at charts and trying to identify patterns myself. The Autochartist lays it all out for you, showing things like the instrument, chart pattern, and even the predicted future price movement. That being said, the dashboard itself could use some improvement. In the dashboard, it shows a lot of information, but it seems a little cluttered. Ideally, I'd like to be able to customize the dashboard more. For example, being able to hide some of the instruments I don't trade or choose which timeframe (like 15 minutes or daily) I want to see by default. A more customizable dashboard would make it easier to focus on the info that matters most to my trading strategy. Overall, AMarkets' Autoch
-
Comment
I want to leave a positive review, because I also made a profit more than once when trading with AMarkets. The conditions here are more than acceptable. The trading platform failed very rarely. There is good connection to servers without failures. Order execution is fast. I withdraw money from my AMarkets account to a bank card.
-
Comment
AMarkets is a good broker where you can safely profit with minimal risks. I have my own strategy developed over the years, and here everything is available for trading without any manipulations. Even withdrawing a significant amount of profit is done smoothly. If they didn't allow withdrawals, I would have already switched to another broker. There are no strict limitations, you can trade manually or with the help of advisors. I recommend AMarkets as a broker.
Top 5 Reviews on Alpari
-
Comment
Many traders collaborate with the broker Alpari. I myself traded with this broker for several years. At one time, Alpari was one of the best among forex companies. But now, there is fierce competition, with many brokers offering favorable conditions as well as regulatory licenses. And this broker has remained in the past for now.
-
Comment
I leave a neutral review of alpari. This company is reputable and when you get to know it closer, you understand that the broker has no special problems. Everything is fine with payments. There are deposit and withdrawal fees. They are small, but they exist. Slippages occur, though not very strong.
-
Comment
I can recommend Alpari as a stable and reliable broker, which has earned its reputation over the years of its work. It is focused on clients, not on its profit, and this is the most important thing. It is also important to note that order execution is at a high level, and withdrawals are made quickly and without any difficulties. Alpari provides good support service where knowledgeable Forex specialists work.
-
Comment
For me, the main advantage of Alpari is the variety of available trading instruments. I traded both currency pairs and crypto. I can also add that Alpari has a fast trading platform. There are no requotes, and this is very important in my trading.
-
Comment
I have known Alpari for six years. At first I traded here for two years, then I stopped trading at all. I didn’t work in the Forex market for two years, and then I returned again. I tried trading in another company, but I didn't like it. I funded my account with Alpari again and am trading here up to now. I can’t say that the broker is perfect, since problems do occur. But the company withdraws profits without any problems.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.