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Alpari vs Q8 Trade

Alpari vs Q8 Trade Comparison Table 2024
Alpari Q8 Trade
Review
3.8
Q8 Trade has closed.

Alpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker also offers fixed costs with payouts known upfront. Trading takes place on the reliable MT4 and MT5 platforms, plus the brand's mobile app. Alpari offers tight ECN spreads which will serve active day traders.

Trade Q8 is an online broker in the MENA region offering forex & multi-asset trading.

Bonus Offer
30% up to $100 (terms apply) Up to 25% welcome bonus
Comment by Reviewer
"Alpari will suit short-term binary options traders with a low $5 deposit, powerful charting terminals, and a rebate scheme. Forex traders also get very high leverage with tight spreads while the broker's PAMM service will appeal to hands-off investors."
Pros
  • Low or no commissions are available and there are tight spreads on ECN accounts
  • There's an excellent choice of funding options with no fees
  • Cashback schemes are available for high-volume traders
  • Alpari supports both the MT4 and MT5 platforms with support for Expert Advisors (EAs)
  • Copy trading and PAMM services are also available for day traders
  • The broker offers high leverage up to 1:1000 for experienced clients
Cons
  • The lack of educational resources is disappointing compared to alternatives
  • There are fairly high charges for strategy manager copy trading tools
  • The market analysis and research tools are limited
Awards
  • Best Regional Forex Trading Platform 2018 - Global Brands Magazine
  • Fastest Growing Forex Brand MENA 2018 - International Business Magazine
Instruments
Forex, CFDs, Stocks, Commodities, Indices, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
$5 $250
Trading Platforms
  • MT4
  • MT5
  • MT4
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSC, SEBI, JFSA FSA (Seychelles)
Margin Trading
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Android App Rating
3.6
iOS App Rating
3.6
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
Yes No
Copy Trading Platform
Users can follow experienced strategy managers at Alpari, including seasoned forex traders. The broker offers account ratings to help you find a suitable provider as well as notifications on returns and one-click deposits and withdrawals.
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
Yes No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
Stock Exchanges
Commodities
CFD Trading
Alpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service. Trade in different markets with multiple CFD products.
Leverage
1:1000 1:400
FTSE Spread
13 4.5
GBPUSD Spread
0.7 1.4
Oil Spread
4.0 3
Stocks Spread
2.0 0.1
Forex Trading
Alpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available. Trade a mix of online currency pairs with leverage.
GBPUSD Spread
0.7 1.4
EURUSD Spread
0.4 1.5
EURGBP Spread
0.6 1.9
Assets
50+ 45
Currency Indices
  • USD
Cryptocurrency
Alpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends. Trade Bitcoin against the US Dollar.
Spread
1 100
Coins
  • AVE
  • BTC
  • BCH
  • ADA
  • LINK
  • DAI
  • DOGE
  • EOS
  • ETH
  • ECH
  • FIL
  • LTC
  • XMR
  • DOT
  • XRP
  • MATIC
  • SOL
  • XLM
  • USDT
  • TRON
  • UNI
  • USDC
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Q8 Trade has closed.
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 Q8 Trade
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