FXCL vs Alpari

FXCL vs Alpari Comparison Table 2024
FXCL Alpari
1.8

FXCL is #13 in our CFD broker rankings.

3.8
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

FXCL is an offshore brokerage registered with the VFSC. The firm uses ECN execution to offer spreads from 0.0 pips. There are no deposit or withdrawal fees and access to reliable trading tools, including MetaTrader 4. Several promotions are also available including demo contests with cash prizes and deposit bonuses.

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.

Bonus Offer
30% up to $100 (terms apply)
Comment by Reviewer
"FXCL will appeal to traders looking for very high leverage up to 1:2000, a low minimum deposit of $1, and flexible trading accounts." "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
  • Regular trading contents with cash prizes, referral schemes and incentives for new and existing traders
  • Integrated MT4 web platform and mobile app with analysis tools and custom charting
  • Loss-free trading insurance for account balances of $500+
  • Multiple account options including a Cent solution for beginners
  • Copy trading service for a hands-off investment approach
  • Very high leverage up to 1:2000
  • Fast deposits and withdrawals
  • 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
  • Higher than average fees with spreads above 1 pip on forex during tests
  • Deposit and withdrawal fees apply if minimums are not met
  • Very basic education and market research that trails the best brokers
  • Low trust score with weak regulation
  • US traders not accepted
  • 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
Instruments
CFDs, Forex, Cryptos, Commodities Forex, CFDs, Stocks, Commodities, Indices, Crypto
Demo Account
Yes Yes
Minimum Deposit
$1 $5
Trading Platforms
  • MT4
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
SVG FSA FSC, SEBI, JFSA
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
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
No Yes
Mobile Apps
iOS & Android iOS & Android
Android App Rating
3.6
iOS App Rating
3.6
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
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 No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$5
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • MYR
  • NGN
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
Stock Exchanges
Commodities
CFD Trading
FXCL offers 100+ contracts for difference spanning forex, indices and crypto. Traders get 24/5 customer support alongside fast execution speeds and a low minimum deposit of $1. 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.
Leverage
1:2000 1:1000
FTSE Spread
130 13
GBPUSD Spread
0.4 0.7
Oil Spread
5 4.0
Stocks Spread
N/A 2.0
Forex Trading
FXCL clients can trade more than 40 major, minor and exotic currency pairs with regular and ECN execution models on the MT4 platform. Spreads on currencies start from 0.1 pips. 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.
GBPUSD Spread
0.4 0.7
EURUSD Spread
0.1 0.4
EURGBP Spread
0.4 0.6
Assets
43 50+
Currency Indices
  • USD
Cryptocurrency
FXCL supports trading on three cryptos (BTC, ETH and LTC), pegged against the US dollar. However, this is a very limited selection that doesn't rival the best crypto brokers. 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.
Spread
Variable 1
Coins
  • BTC
  • LTC
  • ETH
  • AVE
  • BTC
  • BCH
  • ADA
  • LINK
  • DAI
  • DOGE
  • EOS
  • ETH
  • ECH
  • FIL
  • LTC
  • XMR
  • DOT
  • XRP
  • MATIC
  • SOL
  • XLM
  • USDT
  • TRON
  • UNI
  • USDC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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