EagleFX vs Alpari - Fees Review included
Which broker is better EagleFX or Alpari? Our expert assessment conducted according to TU’s own methodology showed that EagleFX is one of the top brokers in the financial market with the TU Overall Score of 6.13 out of 10. Alpari is one of the top brokers in the financial market with the TU Overall Score of 6.53 out of 10. Find out more about TU Overall Score.
| Feature | EagleFX | Alpari |
|---|---|---|
Overall |
2.5 |
4 |
1 |
3.7 |
|
4 |
3.5 |
|
3.8 |
4.1 |
|
Investment Instruments |
1 |
3.5 |
Platforms and Charting Tools |
2.7 |
3.9 |
Deposit and Withdrawal |
2.3 |
4.1 |
Research |
2.4 |
3.8 |
Education |
2.9 |
4.1 |
Support |
4 |
4.6 |
Bonuses |
1.5 |
4.5 |
|
|
|
EagleFX vs Alpari: Pros and Cons
EagleFX assists traders in trading on the Forex market. The company is registered in the Dominican Republic and provides financial services to traders from all over the world. EagleFX offers clients the following instruments: stocks, currency pairs, cryptocurrencies, commodities, and indices. Trading using the service of copying transactions, automated programs, and PAMM accounts is not provided.
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).
| EagleFX | Alpari | |
|---|---|---|
| Overall Pros | Registration with the site and opening an account take only a few minutes. | a large number of trading accounts for traders with different levels of experience and goals; |
| The demo account is free and available to traders for an unlimited amount of time. | high-quality and efficient work by the customer support service | |
| You can contact support at any time of the day, any day of the week. | many ways to replenish the deposit and withdraw funds | |
| The STP technology is used for fast order execution. | ||
| You can trade using PCs, tablets, and mobile devices. | ||
| To protect clients’ funds, the broker uses a cold storage method. | ||
| Overall Cons | There are no passive income programs. | no trading on weekends |
| There are no educational articles, videos, or courses on the broker’s website. | withdrawal of funds is carried out after occasional delays | |
| Not regulated at all | 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. |
EagleFX vs Alpari: Safety and Regulation
| Regulated By: | EagleFX | Alpari |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSC (Mauritius) |
EagleFX vs Alpari: Trading Conditions
| Trading Conditions | EagleFX | Alpari |
|---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
MetaTrader 4 for Windows, iOS, Android, WebTrader |
MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
1-500 |
1-30000 |
Supported Markets |
Fiat currency, cryptocurrency, indices, commodities, shares |
Currency pairs, metals, CFDs |
Trading assets |
102+ |
78+ |
Trading Accounts |
Real, demo-account |
nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5 |
Base Account Currencies |
USD, BTC, GBP, and EUR |
USD and EUR |
EagleFX vs Alpari: Fees
Forex Trading Fees
| Fee | EagleFX | Alpari |
|---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
0.1 pips |
Standard Account Fee |
$0 |
$50 |
ECN/STP Account Fee |
Not supported |
$50 |
ECN Account EUR Average Spread |
Not supported |
0.3 pips |
CFD Trading Fees
| Fee | EagleFX | Alpari |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | EagleFX | Alpari |
|---|---|---|
Account Fee |
No |
$50 |
Deposit Fee |
No |
5 EUR/USD/GBP/ 80 ZAR |
Withdrawal Fee |
No |
From 0 up to 50 USD/ 800 ZAR |
Inactivity Fee |
No |
5 EUR/USD/GBP/ 80 ZAR |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
EagleFX vs Alpari: Trading Assets
| Asset Name | EagleFX | Alpari |
|---|---|---|
Overall |
102+ |
78+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes (Bitcoin CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
EagleFX or Alpari: Investment Programs
| Asset Name | EagleFX | Alpari |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Alpari or EagleFX
| EagleFX | Alpari | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
EagleFX vs Alpari: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | EagleFX | Alpari |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
No |
EagleFX vs Alpari: Research
| Research Type | EagleFX | Alpari |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
EagleFX vs Alpari: Education
| Education Type | EagleFX | Alpari |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
Alpari vs EagleFX: Support
| Support Features | EagleFX | Alpari |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Callback |
Facebook, WhatsApp, VK, Telegram |
EagleFX vs Alpari: Forex Bonuses and Promo
| Promo | EagleFX | Alpari |
|---|---|---|
Forex Bonus |
No |
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. |
Affiliate Program |
EagleFX has the multi tier affiliate program. Tire 5 affiliates gets a $0,05 per lot traded, Tire 4 $0,15 per lot traded, Tier 3 $0,3 per lot traded, Tier 2 $0,50 per lot traded and Tier 1 $4 per lot traded |
"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. |
Other Promos |
||
|
|
|
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.
Top 5 Reviews on EagleFX
-
Comment
I use the services of Eagle FX and have some comments. Overall, the platform is not bad, I compared it with other brokers. I'm glad it's an honest company. For me, this income was not difficult. I continue to trade.
-
Comment
I work with several brokers at once. Order execution at EagleFX sometimes slows down in a volatile market, but I have seen this with many brokers. Also, there are withdrawal delays, but not long. Quotes are normal, as with other brokers. I didn’t notice any drawings or quote manipulation.
-
Comment
Before opening an account with EagleFX, I worked with other brokers, but my results were not very good, and once I was even severely deceived. So, from the very beginning, I was very cautious. But fortunately, my fears were not confirmed. I already have results, and I am not worried about anything like I was six months ago. I have withdrawn profits of about $500 during this time. Therefore, I consider EagleFX to be quite good.
-
Comment
EagleFX offers conditions under which it is possible to increase a deposit. Of course, this requires a trading strategy. By the way, any strategy can be used here because there are no restrictions. The platform works quickly, you can trade both intraday and medium-term. EagleFX withdraws profits without any problems.
-
Comment
A drawback of the EagleFX broker is the lack of diversity in account types. The company offers only one type of account, the classic one. However, the conditions are quite good. The spreads on various assets are low, contributing to increased profitability. Positive swaps can be selected, making medium-term trading relevant. The customer support at EagleFX is weak, but I have only encountered it twice.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.