The broker comparison below features two popular Forex brokers that have already gained a good reputation among traders all over the world. In this Alpari vs FXPro objective review, you will get a better idea of these two brokers.
Specificity of Alpari and FXPro
Alpari is regulated by the authoritative body in Mauritius while FXPro is administered by the Financial Conduct Authority (FCA). Alpari has over one million clients who prefer PAMM accounts, while FXPro cooperates with almost 1.5 million clients who focus on ECN trading.
Alpari offers 56,000 PAMM accounts and keeps expanding its retail market coverage. Alpari is currently in the process of reorganization in order to become a member of the Exinity group. This is the result of the recent regulatory troubles. Luckily, the broker has sorted out its problems, which allows it to provide traders with a safe trading experience.
FXPro has the FCA license because most of its operations are managed out of the company’s Cyprus office. This broker focuses on ECN trading, supports automated trading options, and has an innovative approach to a deep liquidity pool. FXPro has invested over $120 million in f professional sports teams, which proves its serious attitude to the trading process.
Features and Platforms
Alpari uses the MT4 and MT5 trading platforms along with an ECN account. At the same time, it doesn’t provide third-party plugins for the MT4 trading platform. So, traders have to use the basic version and a few critical features.
Apart from its focus on PAMM accounts, it also deals with social trading via its Alpari CopyTrade platform. If you are a beginner, you may find it difficult to cooperate with Alpari because it doesn’t provide any educational material. The turbulent background at the broker should be considered. Generally, it offers a safe trading environment, excellent for retail account management. Alpari has another pleasant bonus in the form of a loyalty cashback program that reduces trading costs for active traders.
Similar to Alpari, FXPro provides the MT4/MT5 trading platforms, as well as ECN trading via the cTrader platform. An upgraded version of the MT4 trading platform tends to provide more efficient trades. Sadly, FXPro does not guarantee any of the basic third-party plugins. At the same time, VPS hosting is offered to improve the support of automated trading solutions. FXPro offers a better selection of trading platforms so that traders get lower spreads, but at a higher cost. FXPro positions itself as a market leader in ECN trading due to a transparent pricing policy and an efficient trading routine execution. Thus, it deserves to be part of any well-diversified trading strategy.
Also, FXPro offers extensive educational material to teach beginners how to succeed in trades. Thanks to video tutorials and trading tests, everyone can benefit from the well-designed educational course. In addition, FXPro has in-house market news so that traders can access a comprehensive analytical suite through cooperation with Trading Central. The major problem of FXPro is that 77% traders report failed performance and poor results.
Alpari and FXPro are genuinely excellent brokerage companies. Asset managers will find a more professional approach at Alpari, while FXPro has a user-oriented website that is available in 27 languages. It is hard to say which broker is a better choice due to relatively similar features. At a closer look, you will see that Alpari takes the leading position in terms of provided services.