Alpari International vs AMarkets Forex Broker Comparison
A head-to-head comparison of Alpari International and AMarkets across regulation, trading costs, platforms, and editorial scoring.
Score 3.9 / 5
2 bonusesHistoric retail forex brand regulated by FSC Mauritius, offering MT4 and MT5 with ECN and Standard accounts, widely recognised in the CIS and emerging markets but operating under an offshore licence since the Alpari UK collapse.
VS
SVG FSA-regulated broker with genuine ECN conditions on MT4, MT5, and cTrader, a well-regarded PAMM system, and an established following in Russia, Ukraine, and Central Asia.
Our Verdict
Alpari International winsby 0.1 pts
Alpari International edges ahead with a score of 3.9/5 vs AMarkets's 3.8/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
It's a tie
Both equally suited
Both brokers offer spreads from 0 pips.
Best for safety & regulation
It's a tie
Both equally suited
Both brokers show an equally strong safety profile across regulation, fund protection, and client safeguards.
Best for platform choice
Recommended
AMarkets offers more exclusive platform options: cTrader.
Best for beginners
Recommended
Alpari International edges out AMarkets with a higher editorial score (3.9/5 vs 3.8/5), indicating a stronger overall experience for new traders.
Alpari International vs AMarkets: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5▲ | 3.4 / 5 |
Fees & Spreads 30% weight | 4.1 / 5▲ | 4.0 / 5 |
Platforms & Tools 20% weight | 3.9 / 5 | 4.1 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 3.9 / 5▲ |
| Founded | 1998 | 2007 |
| Headquarters | Port Louis, Mauritius | Kingstown, Saint Vincent and the Grenadines |
| Min deposit | $5 | $100 |
| Spreads from | 0 pips | 0 pips |
| Commission / lot | $6/lot | $6/lot |
| Max leverage | 1000:1 | 3000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA FSC | SVGFSA |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 cTrader |
| Active bonuses | ||
| Visit broker | Visit Alpari International | Visit AMarkets |
Alpari International vs AMarkets Forex Broker Pros & Cons
Pros
26-year brand history in retail forex
Mature PAMM investor platform - one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
MT4, MT5, and cTrader all available
Competitive $6 round-turn ECN commission
Mature PAMM platform with full performance transparency
No inactivity fee
Client funds held in segregated accounts
Raw spread account available
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
FSC Mauritius licence - lower investor protection than FCA/ASIC/CySEC
Legacy of UK entity collapse in 2015 is a cautionary reference point
No top-tier regulatory licence for its core international client base
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
SVG FSA registration only - no meaningful retail investor protection
No EU or Tier 1 licensed entity
Very high leverage (3000:1) is a risk amplifier
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Alpari International vs AMarkets: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
Highlighted rows show where the two brokers differ
| Criteria | Alpari International | AMarkets |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Alpari International vs AMarkets: Frequently Asked Questions
Based on our independent editorial scoring, Alpari International ranks higher with a score of 3.9/5 vs 3.8/5 for AMarkets. The best choice still depends on your individual trading needs; Alpari International and AMarkets may each suit different trader profiles.
Both Alpari International and AMarkets offer spreads starting from 0 pips, making them equivalent on this metric. Consider commissions and account types when evaluating total trading costs.
Alpari International has a lower minimum deposit of $5, while AMarkets requires at least $100. This makes Alpari International more accessible for traders with limited starting capital.
Alpari International is regulated by FSCA, FSC. AMarkets is regulated by SVGFSA. Always confirm a broker's current regulatory status before opening an account.
For beginners: Alpari International has a lower minimum deposit ($5), lowering the barrier to entry. Also weigh up educational resources and customer support quality before deciding.
Alpari International offers maximum leverage of 1000:1, while AMarkets offers up to 3000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Both Alpari International and AMarkets charge the same commission of $6 per lot on applicable accounts.
Alpari International supports MetaTrader 4, MetaTrader 5 and AMarkets offers MetaTrader 4, MetaTrader 5, cTrader; both support MetaTrader 4, MetaTrader 5; AMarkets exclusively offers cTrader.
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Score 3.8 / 5
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