Two established forex brokers clash on regulation, cost, and platform choice. The axis of tension pits their licensing differences and platform reach against pricing and execution features.
Alpari International and AMarkets are closely matched overall, with AMarkets regulated by SVG FSA and Alpari operating under FSC Mauritius.
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you want MT4/MT5 and a $5 minimum deposit.
Choose AMarkets if…
Choose AMarkets if you want MT4/MT5 and cTrader with leverage up to 3000:1.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Both brokers offer spreads from 0.00 pips.
| Editorial score | 3.9/ 5 | 3.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5▲ | 3.4 / 5 |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| 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 |
The scores are close: Alpari International rates 3.9/5 and AMarkets rates 3.8/5. Alpari International has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both Alpari International and AMarkets start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Alpari International has $5, while AMarkets requires at least $100. This makes Alpari International more accessible for traders with limited starting capital.
Alpari International is regulated by FSC, FSCA. AMarkets is regulated by SVGFSA. Confirm a broker's current regulatory status on the relevant regulator's public register before opening an account.
For beginners, Alpari International requires a lower minimum deposit ($5), lowering the barrier to entry. Both brokers otherwise share similar beginner-facing criteria in our data. Also compare demo account availability and educational resources on each brokers's site.
Alpari International lists maximum leverage of 1000:1, while AMarkets lists up to 3000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both Alpari International and AMarkets charge the same commission of $6 per lot on applicable accounts.
Alpari International supports MetaTrader 5, MetaTrader 4, while AMarkets supports cTrader, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. AMarkets has exclusive access to cTrader.
Equally matched.
AMarkets suits active traders with higher leverage and multiple platforms.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
AMarkets provides MT4/MT5 and cTrader, expanding platform options.
Alpari International offers MT4/MT5 with a $5 minimum deposit.
Both offer 250 instruments, so this category is equally matched.
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▼ lower | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $6/lot | $6/lot |
|---|
| 0.6 pips | 0.6 pips |
| Max Leverage | 1,000:1 | 3,000:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardSkrillNetellerWebMoneyCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSC FSCA | SVGFSA |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | cTrader MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
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
Dig deeper into each broker’s features, fees, and regulation.
Score 3.8 / 5
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