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Alison Heyerdahl is the Head of Content at FxScouts and a financial writer with extensive experience in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast to help traders make informed, safe decisions.
In the fast-paced world of forex trading, choosing the right broker is crucial. Alvexo and Alpari are two popular options, each with unique strengths and weaknesses. This comparison will dive into the key features of both platforms,helping you decide which one best suits your trading style and goals.
The radar chart above illustrates the comparison between Alvexo and Alpari across several key metrics, with the highest possible score being 100 in each category.
At FxScouts, our mission is to assist traders in finding the broker that best suits their needs. Comparing brokers side-by-side is an effective method to achieve this goal. We evaluated Alvexo and Alpari, using our standard criteria: trust and regulation, trading platforms, costs and trading conditions, and educational and market analysis resources.
Trust and regulation are crucial when selecting a Forex broker. A broker’s credibility is largely built on its regulatory status. We spend considerable time verifying the safety of each broker by examining their regulatory licenses. We also consider numerous factors when deciding which tier a regulator belongs to. Regulators that we rank as the world’s top regulators, gets a tier 1 rank, while regulators who only scores a tier 5-rank, provide virtually no regulatory oversight. The more top-tier authorities regulating a broker, the higher its trust rating. Read more about regulation and our tier system here.
In our comparison:
Based on these findings, Alvexo earned a higher trust rating than Alpari.
When comparing brokers, trading costs are a significant factor. We consider the minimum deposit required to open an account and ongoing costs, including spreads and commissions. We measure the cost to trade one lot of EUR/USD using the broker’s account with the lowest minimum deposit, including both the spread and any commission charged.
We found that Alpari has overall lower trading costs than Alvexo.
Trading Platforms Offered Traders prefer brokers that offer a variety of trading platforms. We rate brokers higher if they support multiple platforms like MetaTrader4, MetaTrader5, cTrader, and proprietary platforms.
Copy trading is beneficial for beginner traders or those unable to trade full-time. In this case both Alpari and Alvexo offer copy trading.
A broader range of CFD instruments provides more trading opportunities. Alpari offers a greater variety of instruments compared to Alvexo:
For those interested in trading cryptocurrencies, Alvexo offers 21 cryptocurrencies, while Alpari offers 4 cryptocurrencies. Therefore, Alvexo is the better choice for cryptocurrency trading.
Traders prefer brokers with quick and cost-effective deposit and withdrawal processes. We favor brokers that process withdrawals within 24 hours using multiple methods without charging fees.We found that Alpari charges a withdrawal fee and Alvexo does not. Overall, Alvexo has better deposit and withdrawal processes than Alpari.Â
We often find that brokers offer very little in the way of educational materials, forcing traders to use other third-party sites or self-educate elsewhere. Beginner traders need well-structured, well-presented materials in multiple formats to get a good start at trading. More experienced traders also benefit from webinars led by experts in the field and advanced trading strategy sections with new trading ideas.Â
Alvexo has better educational support than Alpari. Both Alpari and Alvexo offer educational support for more experienced traders.Access to frequent and high-quality market research and analysis is crucial.
We found that Alvexo offers better research analysis than Alpari and that both Alpari and Alvexo offer frequent webinars.
With a range of accounts on the MetaTrader 4 and MetaTrader 5 platforms, Alpari caters well to professional traders who are prepared to pay high minimum deposits for low ongoing trading costs. However, Alpari offers a limited number of tradable assets, which may leave some traders dissatisfied.
Alpari offers four live accounts on the MetaTrader 4 and MetaTrader 5 trading platforms. The Pro Account has spreads starting at 0.4 pips on the EUR/USD and no commission, making it one of the lowest-cost accounts in the industry. However, this is in exchange for a minimum deposit of 25,000 USD, putting it out of the reach of most traders. Alpari also offers an ECN account with a minimum deposit of 500 USD, and spreads of 0.4 pips with a commission of 3 USD (round turn), which may also appeal to experienced traders.Â
Alpari's CFD offering is limited compared to other brokers, with 22 indices, 4 metals, 3 commodities, 10 share CFDs, and 4 cryptocurrencies, but it has over 60 Forex pairs for trading. One drawback for beginner traders considering opening an account at Alpari is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere.
For more detailed reviews, please read our comprehensive assessments of Alvexo and Alpari.
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Broker | Countries Regulated | Minimum Spread EUR/USD | Minimum Deposit | Trading cost/lot EURUSD Total trading cost at the time of last update, for 1 lot of EUR/USD using the account with the lowest minimum deposit. Includes spread and commission. | Broker Score | Broker Website | Select and Compare |
|---|---|---|---|---|---|---|---|
 |    | 0.10 pips | USD 3 | USD 7 | |||
 |    | 0 pips | USD 0 | USD 10 | |||
 |  | 0.10 pips | USD 200 | USD 8 | |||
 | | 0.70 pips | USD 10 | USD 17 | |||
 |  | 0 pips | AUD 0 | USD 4.50 | |||
 |   | 0.90 pips | USD 100 | USD 9 | |||
|  | 0.60 pips | USD 5 | USD 6 | |||
 |  | 0 pips | USD 0 | USD 10 | |||
 | | 0.70 pips | USD 5 | USD 7 | |||
 |  | 0 pips | USD 100 | USD 6 |
Select another broker to another broker to compare features, fees, and platforms side by side.
Alison and Chris cover a range of topics, including how to choose a Forex broker, safety and regulation, how to reduce your risk, trading psychology, trading platforms, and trading strategies, among others.
The FxScouts podcast helps beginner Forex traders get the best start to their trading careers.
