Pepperstone vs Alpari

Pepperstone vs Alpari Comparison Table 2023
Pepperstone	Alpari
Review 4.8	Review 3.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated brokerage offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.	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.
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
Bonus Offer
	30% up to $100 (terms apply)
Comment by Reviewer
"Pepperstone is a best-in-class broker. Experienced day traders benefit from razor sharp spreads, ultra-fast execution and 1250+ instruments. New traders get user-friendly platforms, rich education materials and 24/7 support."	"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
World-renowned broker with licenses in 7 jurisdictions, including the UK (FCA) and Cyprus (CySEC) Active Trader Program for high-volume traders with discounts on forex, indices and commodities (eligible jurisdictions only) Excellent suite of automated trading tools including Capitalise.ai, Smart Trader and APIs Very fast execution speeds of ~30ms, which will serve day traders and scalpers In-depth and frequent webinars covering charting strategies and trading tips Competitive Razor account with tight spreads averaging 0.12 pips for EUR/USD Wide selection of assets including currency indices like the US Dollar Index Multiple platforms suitable for day trading including MT4, cTrader and TradingView Award-winning customer support via telephone, email or live chat	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
Cryptos only available for professional clients in some jurisdictions It took us longer to sign up than at many alternatives Traders from the US are not accepted Demo account closes after 30 days No proprietary trading app	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 Overall Broker - DayTrading.com 2023 Best Trading App - DayTrading.com 2022 Best Forex Broker - DayTrading.com 2021 Best MT4 Broker - Good Money Guide 2023 #1 Overall Client Satisfaction - UK Investment Trends 2022 #1 Value for Money - UK Investment Trends 2022 #1 Quality of Trade Execution - UK Investment Trends 2022 #1 Ease of Platform Navigation - UK Investment Trends 2022 #1 Charting - UK Investment Trends 2022 Best Forex Broker Overall - Compareforexbrokers.com 2022 Best MT4 Broker - Good Money Guide Best MT4 Broker 2022 Top 5 MetaTrader brokers - Broker Chooser Top 5 MetaTrader brokers 2022
Instruments
CFDs, Forex, Currency Indices, Stocks, Indices, Commodities, ETFs, Crypto, Spread Betting	Forex, CFDs, Stocks, Commodities, Indices, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$5
Trading Platforms
MT4 MT5 cTrader TradingView AutoChartist DupliTrade	MT4 MT5
Payment Methods
BPAY Credit Card Debit Card Mastercard Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer	ADVcash Bitcoin Payments Credit Card Diners Club EasyPay Ethereum Payments FasaPay Flutterwave GlobePay Maestro Mastercard Neteller PayRedeem Perfect Money RBK Money Skrill UnionPay Vietcombank Transfer WebMoney Wire Transfer Yandex Money
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, CMA, BaFin, SCB	FSC, SEBI, JFSA
Margin Trading
Yes	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
Yes	No
MAM Account
Yes	No
PAMM Account
Yes	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
Yes	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader, cBots on cTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	Yes
Copy Trading Platform
Pepperstone offers an impressive range of third-party platforms, including DupliTrade, a tool that allows investors to automatically replicate the trading activity of experts. Trading signals are also available, identifying potential entry and exit points.	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
Yes	No
Trade Signals
Yes (Via Chartist Software)
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$5
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY CHF	USD EUR GBP CZK NGN
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Korean Stock Exchange London Stock Exchange Nasdaq New York Stock Exchange S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Toronto Stock Exchange Taiwan Stock Exchange	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group Nasdaq S&P 500
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Orange Juice Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat	Gold Natural Gas Silver
CFD Trading
Pepperstone is a fast and reliable CFD broker with 1250+ assets covering forex, commodities, shares, indices, and ETFs. CFDs can be traded on four leading platforms with a choice of accounts and base currencies. The broker boasts an impressive 99.94% fill rate with no requotes or dealing desk intervention.	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
1:30 (Retail), 1:500 (Pro)	1:1000 (Retail)
FTSE Spread
1.0	13
GBPUSD Spread
0.0	0.7
Oil Spread
2.50	4.0
Stocks Spread
0.02	2.0
Forex Trading
Pepperstone offers ultra-low spreads from 0.0 pips on the Razor account and has an excellent selection of 60+ pairs. You can also trade currency indices, which aren't available at many alternatives. Forex lots start at 0.01.	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.
Forex App
Pepperstone deliver their MetaTrader 4 and MetaTrader 5 platforms across both Android and iOS. With faster processing times, the ability to hedge your positions, advanced pending orders and more tools and indicators to take your trading to the next level – the Pepperstone mobile app is a powerful addition.
GBPUSD Spread
1.0	0.7
EURUSD Spread
1.0	0.4
EURGBP Spread
1.2	0.6
Assets
60+	50+
Currency Indices
USD EUR JPY	USD
Cryptocurrency
Take positions on cryptos like Bitcoin with up to 1:10 leverage. Pepperstone also offers popular altcoins, as well as crypto indices, which offer a holistic view on the digital currency market. Pepperstone is one of the most trustworthy crypto brokers we have tested.	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
BTC 30, ETH 0	1
Coins
BCH BTC ETH LTC DASH ADA LINK DOGE EOS DOT XRP XLM XTZ UNI BNB	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

Review	Review
CFDs and FX are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs.
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