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Compare Forex Brokers Alpari And FxPro


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Subjective Ratings

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Alpari

FxPro

Charting: Four and Half star Charting Rating Four and Half star Charting Rating
Execution: Four and Half star Execution Rating Two and Half star Execution Rating
Transaction costs (spreads): Five star Transaction Costs (spreads) Rating Five star Transaction Costs (spreads) Rating
User-friendliness: Four and Half star User-friendliness Rating Four and Half star User-friendliness Rating
Platform Functionality: Four star Platform Functionality Rating Four star Platform Functionality Rating
Platform Reliability: Five star Platform Reliability Rating Four star Platform Reliability Rating
Customer support: Four star Customer Support Rating Five star Customer Support Rating
Rollover interest rates: Four star Rollover interest rates Rating Three and Half star Rollover interest rates Rating
Withdrawal processing: Four star Withdrawal processing Rating Four star Withdrawal processing Rating
Average rating: Four and Half star Average Rating Four and Half star Average Rating

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Business Details

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Alpari

FxPro

 
Registered Business Name: Alpari NZ Limited (New Zealand) FxPro
Broker Headquarters: New Zealand Limassol, Cyprus
Also has offices in: Many branches around Russia London, Nice, Vienna, Athens, Moscow
Regulated By: FRA (Russia) CySEC and ECB through MiFID
In business since year: 1998 2006
Broker Capital as of 03-2009 Unknown Unknown
Client Account Segregation: ASB Bank New Zealand Hellenic Bank, Eurobank, HSBC
Collect Taxes on Earnings: No No
Prohibit clients from: No No
Deposit/Withdrawal methods:
MethodDeposit FeeWithdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $10/EUR10
MethodDeposit FeeWithdrawal Fee
Credit Card $0 $0
Moneybookers $0 $0
NETeller $0 $0
PayPal $0 $0
Wire Transfer $0 $0
Main liquidity providers: Barclays Capital, UBS Bank, Deutsche Bank, JP Morgan, Bank of America, and many others FXPro is the counter party to all trades.

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Trading Details

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Alpari

FxPro

 
Browser platform: Currenex ECN (for pro.direct accounts) FxPro WebTrader
Downloadable platform: Alpari MetaTrader 4 (MT4) FxPro Metatrader 4 (MT4)
Mobile platform: Alpari aTrader (for Android),Alpari bTrader (for Blackberry),Alpari iTrader (for iPhone) FxPro WebTrader
Phone dealing: Yes Yes
Order processing: ECN on pro.direct accounts Market Maker
Account Types
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
pamm.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
pro.ecn.mt4 100:1* $5,000/unlimited 300,000/10,000,000
classic.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
pamm.mt4 100:1* $300/unlimited 1,000/unlimited
pamm.ndd.mt4 100:1* $1,000/unlimited 10,000/1,000,000
classic.ndd.zulutrade 100:1* $1,000/unlimited 10,000/100,000,000
classic.mt4 500:1* $200/unlimited 10,000/unlimited
pamm.systematic 100:1* $300/unlimited 1,000/100,000,00
micro.mt4 500:1* no limits 1,000/500,000
classic.systematic 500:1* $200/unlimited 1,000/100,000,000
classic.zulutrade 500:1* $200/unlimited 1,000/100,000,000
pro.direct (Currenex) 200:1* $20,000/unlimited 10,000/unlimited
Account Maximum leverage Minimum/Maximum deposit: Minimum/Maximum trade size:
FXPro Account 500:1* $500/unlimited 10,000/unlimited
Swap-free accounts   $10 per standard lot (100,000) round turn trade. Trade can be held for unlimited time period.   No swap-free accounts available
Tradeable Instruments: 53    105   
No Dealing Desk Execution: Yes No
Typical spread on EUR/USD: 0.5 pips (0.00005) - widens overnight Moscow time 0.8 pips (0.00008)
Fixed spreads: No No, spreads vary according to market liquidity
Guaranteed stop losses? No All orders are executed at best available price.
Trailing Stops: Server-side Client-side
OCO orders available: Yes o No
If/then orders available: Yes o No
Hedging capability: Yes Yes - no extra margin is used.
Automated Trading: Yes, on MT4 Yes, on MT4
Trading Hours:   Sunday 22.00 GMT closing Friday 22.00 GMT
Timezone GMT GMT+2
Scalping allowed: Yes - Currenex ECN places no restrictions on trading style. Yes
Account currencies available: EUR, Gold, USD CHF, EUR, GBP, JPY, USD
Platform languages: Arabic, Bulgarian, Czech, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Indonesian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Spanish, Traditional Chinese, Turkish Arabic, Bulgarian, Chinese, Dutch, English, Estonian, Farsi, French, German, Greek, Hebrew, Hungarian, Italian, Japanese, Korean, Lithuanian, Polish, Portuguese, Russian, Serbian, Simplified Chinese, Slovak, Spanish, Traditional Chinese, Turkish
Support languages: Chinese, English, Russian, Spanish Arabic, Chinese, English, Farsi, French, German, Greek, Hindi, Italian, Japanese, Korean, Polish, Romanian, Russian, Spanish
Demo account: 30 days Unlimited
Live chat support: Yes - a little slow but top quality Yes, very knowledgeable.
Interest on Margin: Yes No
Promotions & tournaments: 20% first deposit bonus. Interest paid on unused margin at 2% annual rate (alpari.premier accounts only). Free courses and educational materials. None

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