Alpari vs IronFX - Fees Review included
Which broker is better Alpari or IronFX? 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. IronFX is one of the top brokers in the financial market with the TU Overall Score of 7.64 out of 10. Find out more about TU Overall Score.
| Feature | Alpari | IronFX |
|---|---|---|
Overall |
4 |
3.5 |
3.7 |
2.1 |
|
3.5 |
2.9 |
|
4.1 |
4.2 |
|
Investment Instruments |
3.5 |
4.6 |
Platforms and Charting Tools |
3.9 |
4.4 |
Deposit and Withdrawal |
4.1 |
3.7 |
Research |
3.8 |
3.9 |
Education |
4.1 |
4.7 |
Support |
4.6 |
3.9 |
Bonuses |
4.5 |
4.8 |
|
|
|
Alpari vs IronFX: 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).
The IronFX broker has been serving clients globally for over 10 years. It offers terms for both active and passive income. The company is registered in Bermuda, and there are no regulatory bodies and no licenses. During its tenure, the broker has received over 30 awards but doesn’t provide data on nominations. When asked about regulation, the broker's support service says that there are several licenses, including the permits of the CySEC (Cyprus) and FCA (Great Britain) regulators. Indeed, a detailed analysis reveals inconsistencies, which are described in more detail in the "Security and protection for clients of IronFX " section. Please note, that the absence of a license means that there is no protection against a broker not fulfilling its obligations and that there is no guarantee of protecting the interests of investors.
| Alpari | IronFX | |
|---|---|---|
| Overall Pros | a large number of trading accounts for traders with different levels of experience and goals; | wide range of trading assets |
| high-quality and efficient work by the customer support service | variety of bonus programs and promotions | |
| many ways to replenish the deposit and withdraw funds | ||
| Overall Cons | no trading on weekends | Poor regulation |
| withdrawal of funds is carried out after occasional delays | the information published on the site is incomplete | |
| commission compensation for deposits or withdrawals is available only for traders with VIP status; | there are frequent slippages | |
| 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. | periodic delay in withdrawing funds | |
| High spreads and ECN trading fees |
Alpari vs IronFX: Safety and Regulation
| Regulated By: | Alpari | IronFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC (Mauritius) |
Bermuda - registration number 51491 |
Alpari vs IronFX: Trading Conditions
| Trading Conditions | Alpari | IronFX |
|---|---|---|
Minimum Deposit |
$1 |
$50 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
MetaTrader 4, WebTrader |
Max Leverage (Futures) |
1-30000 |
1-1000 |
Supported Markets |
Currency pairs, metals, CFDs |
Currency pairs, stocks, metals, indices, futures, commodities, and cryptocurrencies |
Trading assets |
78+ |
300+ |
Trading Accounts |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5 |
Micro, Premium, VIP, Zero Fixed, No commission, Zero Spread, Absolute Zero, demo account |
Base Account Currencies |
USD and EUR |
USD, EUR, GBP, AUD, JPY, BTC, PLN, CZK JPY, BTC, PLN, and CZK |
Alpari vs IronFX: Fees
Forex Trading Fees
| Fee | Alpari | IronFX |
|---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.8 pips |
Standard Account Fee |
$50 |
$0 |
ECN/STP Account Fee |
$50 |
Zero Spread account - $13.5/Lot |
ECN Account EUR Average Spread |
0.3 pips |
0.0 pips |
CFD Trading Fees
| Fee | Alpari | IronFX |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Alpari | IronFX |
|---|---|---|
Account Fee |
$50 |
No |
Deposit Fee |
5 EUR/USD/GBP/ 80 ZAR |
No |
Withdrawal Fee |
From 0 up to 50 USD/ 800 ZAR |
No |
Inactivity Fee |
5 EUR/USD/GBP/ 80 ZAR |
3% ‘no trading’ fee when a trader has deposited and requested to withdraw funds without ever entering one trade |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Alpari vs IronFX: Trading Assets
| Asset Name | Alpari | IronFX |
|---|---|---|
Overall |
78+ |
300+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes (Bitcoin CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes (CFD) |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Alpari or IronFX: Investment Programs
| Asset Name | Alpari | IronFX |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: IronFX or Alpari
| Alpari | IronFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Alpari vs IronFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Alpari | IronFX |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
no |
Alpari vs IronFX: Research
| Research Type | Alpari | IronFX |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
Alpari vs IronFX: Education
| Education Type | Alpari | IronFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
IronFX vs Alpari: Support
| Support Features | Alpari | IronFX |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Facebook, WhatsApp, VK, Telegram |
No |
Alpari vs IronFX: Forex Bonuses and Promo
| Promo | Alpari | IronFX |
|---|---|---|
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. |
"100% Unlimited Sharing Bonus" The "40% Power Bonus up to $4,000" "20% Iron Bonus up to $2,000" |
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. |
“Introducing Broker” (IB). Opening a personal account as a broker's representative gives you an advantage in the form of extra bonuses, contests, more favorable trading terms, and rebates. |
Other Promos |
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Top 5 Reviews on IronFX
-
Comment
IronFX is currently one of the best brokers — everything works well, without any delays. I withdrew to Skrill a couple of times and the money came almost immediately.
-
Comment
I would like to leave a review of ironfx. This company makes me happy! I’ve been working with them for six months now. It is profitable to do business with them! It’s hard to find such good conditions! Trading has already brought me $2,400. I withdraw it without delays. The user account is very convenient. The broker is priceless!
-
Comment
I've been piping for 5 months with this company. I can note that trades have never been canceled. And in general, IronFX does not interfere with trading. There were no problems with withdrawals. It’s an ordinary normal company, I didn’t find anything critical in it. Trading conditions correspond to the market.
-
Comment
I’ve been trading with Iron FX for a while now and have had no problems so far. Among the advantages are good performance and a good personal manager. I’m trading here with a small deposit, but I think that there won’t be any problems and I’ll deposit a decent amount to earn more.
-
Comment
I've been trading with ironfx for almost a year now. Summing up, I would like to express my gratitude to the company’s managers for their responsiveness, and to the company as a whole for offering good conditions and supporting its clients! Don't stop, go forward, and I'm with you.) Good luck!
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.