Alpari vs ATFX Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Alpari vs ATFX.
Can I trust Alpari?
Alpari has a trust score of 67, giving it a "High Risk" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust ATFX?
ATFX has a trust score of 70, giving it a "Average Risk" trust label.
Is Alpari a good broker?
Alpari is one of the oldest MetaTrader brokers, and an early pioneer of social copy-trading. Best known in Eastern Europe, Alpari offers a small but growing selection of CFD markets and platform tools, but lacks regulatory licenses in top-tier jurisdictions.
Is ATFX a good broker?
ATFX is a MetaTrader-only broker, regulated primarily in the U.K., Cyprus, and Mauritius. ATFX demonstrates potential as MetaTrader broker, yet has considerable room to grow across key categories such as the range of markets and trading platforms.
What tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Alpari is none, while ATFX is FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)
What tier-2 jurisdictions is each broker regulated in? What about tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Alpari is none, while ATFX is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses both Alpari and ATFX are FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu).
Which broker offers more trading platforms?
For trading platforms Alpari supports a Proprietary Platform and Desktop Platform (Windows), whereas ATFX supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade
Does Alpari offer MetaTrader? Does ATFX offer MetaTrader?
For MetaTrader Alpari provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while ATFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.
How do Alpari and ATFX differ in terms of minimum deposit? What about average spreads and funding options?
Alpari requires a minimum deposit of $20, while ATFX requires a minimum deposit of $500. From our testing we found Alpari offers spreads of N/A, while ATFX offers spreads of -1. Both Alpari and ATFX offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits., neither have PayPal (Deposit/Withdraw)
Which brokers offers more tradeable asset classes, Alpari or ATFX?
Alpari offers a more diverse selection of investment options than ATFX allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals and Energies., neither have Agriculturals Looking at total tradeable symbols, Alpari has 105, compared to 150 from ATFX.
Can I trade cryptocurrency with Alpari or ATFX?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Alpari nor ATFX allow you to trade physical cryptocurrencies.
Who offers more research tools, Alpari or ATFX?
In terms of research and research tools Alpari gives traders the following tools: Autochartist, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison ATFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.
Overall winner: Alpari
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.