Alpari vs NordFX - Fees Review included
Which broker is better Alpari or NordFX? 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. NordFX is one of the top brokers in the financial market with the TU Overall Score of 7.1 out of 10. Find out more about TU Overall Score.
Feature | Alpari | NordFX |
---|---|---|
Overall |
4 |
4.1 |
3.7 |
3.5 |
|
3.5 |
4.5 |
|
4.1 |
3.6 |
|
Investment Instruments |
3.5 |
5 |
Platforms and Charting Tools |
3.9 |
4.5 |
Deposit and Withdrawal |
4.1 |
4.4 |
Research |
3.8 |
4 |
Education |
4.1 |
4.2 |
Support |
4.6 |
4.4 |
Bonuses |
4.5 |
3.8 |
|
|
Alpari vs NordFX: 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).
NordFX is an international company founded in 2008. Over the years, the broker has been awarded over 50 prestigious awards and various prizes. You can find below a shortlist of the company's achievements over the past decade. In 2020, NordFX received the “Best Platform for Central Asset Accounts” award. Earlier in the year, its affiliate program received this award as well as the social trading platform award. According to the Masterforex-V Academy, NordFX became the best world broker in 2019. In 2018, it was declared the Best Broker in Asia. Since 2011, its bonus programs, promotions, and partner programs have regularly been recognized as the best in Asia. The high quality of service was noted and NordFX was recognized as the “Best Forex broker in China” for the quality of its dealing. NordFX operates in nearly 190 countries and has over 1.25 million trading accounts. The company offers services for active and passive trading on the Forex market. It operates under the jurisdiction of the British Virgin Islands.
Alpari | NordFX | |
---|---|---|
Overall Pros | a large number of trading accounts for traders with different levels of experience and goals; | Saving account for investors |
high-quality and efficient work by the customer support service | Copy trading and PAMM are available | |
many ways to replenish the deposit and withdraw funds | Zero spread account for active traders | |
Attractive affiliate program | ||
Free trading signals | ||
Free VPS | ||
Deposits in crypto | ||
Overall Cons | no trading on weekends | Offshore regulation |
withdrawal of funds is carried out after occasional delays | Only 35 supported FX pairs | |
commission compensation for deposits or withdrawals is available only for traders with VIP status; | High card withdrawal fee | |
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 NordFX: Safety and Regulation
Regulated By: | Alpari | NordFX |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
FSC (Mauritius) |
VFSC (Vanuatu) |
Alpari vs NordFX: Trading Conditions
Trading Conditions | Alpari | NordFX |
---|---|---|
Minimum Deposit |
$1 |
$10 |
Trading Platforms |
MetaTrader 4, MetaTrader 5 |
МТ4, MT5, MultiTerminal, NordFx Mobile |
Max Leverage (Futures) |
1-30000 |
1-1000 |
Supported Markets |
Currency pairs, metals, CFDs |
Forex, CFDs on indices, stocks, commodities, crypto, metals |
Trading assets |
78+ |
100+ |
Trading Accounts |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5 |
Fix, Pro, Zero, Savings |
Base Account Currencies |
USD and EUR |
USD |
Alpari vs NordFX: Fees
Forex Trading Fees
Fee | Alpari | NordFX |
---|---|---|
Standard Account EURUSD Average Spread |
0.1 pips |
1.2 pips |
Standard Account Fee |
$50 |
$0 |
ECN/STP Account Fee |
$50 |
0.0035% per lot (3.5 USD) |
ECN Account EUR Average Spread |
0.3 pips |
0.3 pips |
CFD Trading Fees
Fee | Alpari | NordFX |
---|---|---|
CFD Trading Fee |
Floating spread |
Crypto pairs - 0.06% Other CFDs - 0,005% |
Non-Trading Fees
Fee | Alpari | NordFX |
---|---|---|
Account Fee |
$50 |
No |
Deposit Fee |
5 EUR/USD/GBP/ 80 ZAR |
No |
Withdrawal Fee |
From 0 up to 50 USD/ 800 ZAR |
4% - Card Withdrawal, 0-5% - Payment services, 0% - Bank Transfer |
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 NordFX: Trading Assets
Asset Name | Alpari | NordFX |
---|---|---|
Overall |
78+ |
100+ |
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 NordFX: Investment Programs
Asset Name | Alpari | NordFX |
---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
Yes |
Yes |
Managed Accounts |
No |
Yes |
Other |
No |
No |
Trading Platforms: NordFX or Alpari
Alpari | NordFX | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
NordFx Mobile |
Others |
No |
No |
|
|
Alpari vs NordFX: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | Alpari | NordFX |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Alpari vs NordFX: Research
Research Type | Alpari | NordFX |
---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
Alpari vs NordFX: Education
Education Type | Alpari | NordFX |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
NordFX vs Alpari: Support
Support Features | Alpari | NordFX |
---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Facebook, WhatsApp, VK, Telegram |
No |
Alpari vs NordFX: Forex Bonuses and Promo
Promo | Alpari | NordFX |
---|---|---|
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. |
Referal bonus 10% |
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. |
Up to 60% of referrals spread |
Other Promos |
||
|
|
Top 5 Reviews on NordFX
-
Comment
Before opening an account with NordFX and transferring my money here, I studied reviews of this broker and I found many positive reviews. Moreover, the broker offers normal trading and that is why I work with this company.
-
Comment
This company NordFX is known for canceling a trader's profit without any explanation. This happened to me. While trading with an initial deposit of $600, I was able to increase the amount to $1480. All trading was done manually. And then I received an email stating that I had violated some conditions and my profit would be canceled. They only returned my initial deposit. And do you think they returned the entire amount? No, they deducted a 5% commission and an additional fixed penalty. Later, I found out that there are many such cases with NordFX. This company deceived not only me!
-
Comment
A major issue with NordFX is the price charts. During strong market movements, the platform may not work for several hours. I miss the most crucial moment for earning. At night, the GBPUSD pair stays motionless for two hours. Then, movement suddenly starts with a price gap. Opening an order at the desired price with NordFX is very problematic. Therefore, personally, I do not recommend dealing with this company!
-
Comment
At NordFX, there are frequent issues with the trading terminal. Firstly, there are freezes during the release of important news. In such cases, an order may open after a significant price gap, resulting in substantial losses for me. Secondly, I can't understand why the NordFX terminal stops working at different times. This can happen at the most inconvenient moments, and, of course, I incur losses. The support team does not address terminal issues; they simply suggest changing my internet provider.
-
Comment
I encountered a problem opening orders with NordFX. I try to trade actively, and it is important for me to open orders strictly at the stated price. But NordFX, even when opening an order, indicates that the price may differ from the stated one. But I had no idea that the difference would be that huge. First, orders open with delays. Second, the difference between the asking price and the opening price can be 6 pips higher. And this is even in a calm market. On strong movements the difference is significant.
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.