Comparison of Alpari and BinaryCent
| Feature | Alpari | BinaryCent |
|---|---|---|
| Broker | ||
| Year Founded | 1998 | 2017 |
| Broker Type | ECN, MM | MM |
| Dealing | A-book, B-book | B-book |
| Execution | Market | Instant |
| Regulation | MISA, NBRB | - |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | BinaryCent |
| Spread | ⮕ Average | - N/A |
| Maximum Leverage | 1:3000 | 1:1 |
| Minimum Deposit | $50 | $250 |
| Base Currencies | USD, EUR | USD, EUR, GBP, RUB |
| Funding Methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Visa, Mastercard, Perfect Money, Bitcoin (BTC) |
| Inactivity Fee | $5 per month after 6 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Financialcommission.org | - |
| Protection Size | €20 000 | - |
| Segregated Accounts | ✔ | ✖ |
| Negative Balance Protection | ✔ | ✖ |
| Guaranteed Stop Loss | ✖ | ✖ |
| Copy Trading | ✖ | ✔ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✔ | ✖ |
| Scalping Allowed | ✔ | ✖ |
| EAs/Robots | ✔ | ✖ |
| Depth of Market (DOM) | ✖ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Commodities, Indices, Stocks, Cryptocurrencies |
| Review | Alpari Review | BinaryCent Review |
About Alpari
Alpari is one of the most established names in the Forex trading world, with a history dating back to 1998. The broker has built a solid reputation, particularly among traders in emerging markets, for offering a broad range of financial instruments and account types that cater to both beginners and experienced traders. Alpari provides access to Forex, commodities, indices, and cryptocurrencies, with platform options including MetaTrader 4 and MetaTrader 5, two of the most popular trading platforms globally. The broker also offers social trading features, allowing clients to copy the strategies of more experienced traders. With a long track record and diverse offerings, Alpari aims to deliver flexibility and convenience. Additionally, Alpari offers multiple deposit and withdrawal methods, which is a major advantage for traders worldwide. However, it is important to note that while Alpari has a strong presence in many regions, it is not regulated by top-tier authorities, which may be a concern for some traders. Despite this, Alpari maintains a significant customer base and continues to attract clients with its competitive spreads and educational resources.
Pros
- Established broker with over two decades of experience in the industry
- Provides MetaTrader 4 and MetaTrader 5 platforms
- Offers a PAMM feature for those interested in investing
- Comprehensive research and educational resources
- Competitive spreads and flexible leverage options
- Multiple payment methods for deposits and withdrawals
Cons
- Lack of regulation from top-tier financial authorities
- Customer support quality may vary depending on the region
- No proprietary trading platform available
About BinaryCent
BinaryCent is an offshore binary options broker founded in 2017 and operated by Wave Makers Ltd. It offers a proprietary web-based platform and mobile apps, enabling trades from just $0.10 with payouts up to 95%. Account tiers - Bronze, Silver and Gold - start from $250, include fast 1-hour withdrawals, generous deposit bonuses and optional copy-trading.
Pros
- Low 10-cent minimum trade size
- Payouts up to 95%
- 1-hour withdrawal processing
- Copy-trading and Centobot automation
Cons
- High $250 minimum deposit
- VFSC regulation offers limited protection
- No analytical and educational materials
Alpari & BinaryCent Regulation
| Feature | Alpari | BinaryCent |
|---|---|---|
Companies | Alpari (Comoros) Ltd, Alpari Eurasia LLC | Wave Makers Ltd |
Countries | Comoros, Belarus | Marshall Islands |
Regulators | MISA, NBRB | - |
Investor Protection | Financialcommission.org | - |
Investor Protection Size | €20 000 | - |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alpari | BinaryCent |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $50 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.3 | — |
| Fee | No | — |
| Max Leverage | 1:1000 | — |
| Stop Out | 20% | — |
| Margin Call | 50% | — |
ECN Account | ||
| Account Name | ECN | — |
| Min Deposit | $300 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.1 | — |
| Fee | $5 per 1 lot | — |
| Max Leverage | 1:3000 | — |
| Stop Out | 50% | — |
| Margin Call | 80% | — |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Fix-Contracts | Binary Options |
| Minimum Deposit | $50 | $250 |
| Option Types | Call/Put, Touch, Range, Spread, Turbo, Express | Call/Put, Turbo, Range, Touch |
| Minimum Stake | $1 | $0.10 |
| Payout | from 40% to 95% | from 60% to 95% |
| Expiration Time | from 5 seconds to 1 day | from 15 seconds to 4 hours |
Funding and Fees
| Feature | Alpari | BinaryCent |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, RUB |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, WebMoney, Skrill, Neteller, Wallet One, Volet.com, VLoad, TC Pay, Perfect Money, Tether (USDT) Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) | Visa, Mastercard, Perfect Money, Bitcoin (BTC) |
Inactivity fee | $5 per month after 6 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alpari | BinaryCent |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | BinaryCent |
Execution Speed | 0.1 ms | 100 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | N/A |
Trading Assets
| Asset | Alpari | BinaryCent |
|---|---|---|
Currencies | 46 | 24 |
Indices | 12 | 10 |
Stocks | 631 | 100 |
Cryptocurrencies | 9 | 14 |
Bonds | 0 | 0 |
Metals | 2 | 3 |
Energies | 3 | 2 |
Soft Commodities | 0 | 0 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | Alpari | BinaryCent |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Bonuses
| Bonus | Alpari | BinaryCent |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | 20%, up to $2000 |
| Details | — | Learn More |
Contests
| Feature | Alpari | BinaryCent |
|---|---|---|
| Demo Contests | ||
| Is available | ||
| Contests List | — |
|
- Binary Options Contest!Start Balance: $100 · Prize Pool: $2000 · Period: WeeklyLearn More
Customer Support
| Contact | Alpari | BinaryCent |
|---|---|---|
Email | support@alpari.im | support@binarycent.com |
Phone | +44 2045 771951 | +18299476391 |
Facebook | — | |
YouTube | YouTube | — |
Instagram | — |
Which Broker is Better?
After comparing Alpari and BinaryCent, Alpari comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.