Comparison of Alpari and Pepperstone
| Feature | Alpari | Pepperstone |
|---|---|---|
| Broker | ||
| Year Founded | 1998 | 2010 |
| Broker Type | ECN, MM | ECN, DMA |
| Dealing | A-book, B-book | A-book |
| Execution | Market | Market |
| Regulation | MISA, NBRB | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:3000 | 1:500 |
| Minimum Deposit | $50 | $1 |
| Base Currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
| 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) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
| Inactivity Fee | $5 per month after 6 months | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Financialcommission.org | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €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, Indices, Stocks, ETFs, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | Alpari Review | Pepperstone 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 Pepperstone
Pepperstone is a globally recognized forex and CFD broker renowned for its competitive pricing, advanced trading platforms, and superior customer service. Founded in 2010 and headquartered in Melbourne, Australia, Pepperstone has grown to become a trusted name in online trading. With multiple regulatory licenses from top-tier authorities, including ASIC, FCA, and CySEC, the broker offers a secure and transparent trading environment. Whether you're a novice or an experienced trader, Pepperstone provides a range of tools and features to enhance your trading journey.
Pros
- Tight spreads starting from 0.0 pips on Razor accounts
- Regulated by multiple top-tier authorities (ASIC, FCA, CySEC, etc.)
- Access to advanced trading platforms like MetaTrader 4/5 and cTrader
- Excellent for scalping and algorithmic trading with fast execution speeds
- No minimum deposit requirement, making it accessible to all traders
- Dedicated 24/5 multilingual customer support
Cons
- Limited in-house educational resources for beginners
- Limited availability of bonus offers or promotions
Alpari & Pepperstone Regulation
| Feature | Alpari | Pepperstone |
|---|---|---|
Companies | Alpari (Comoros) Ltd, Alpari Eurasia LLC | Pepperstone Group Limited, Pepperstone Markets Limited, Pepperstone EU Limited, Pepperstone Financial Services (DIFC) Limited, Pepperstone GmbH, Pepperstone Markets Kenya Limited, Pepperstone Limited |
Countries | Comoros, Belarus | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom |
Regulators | MISA, NBRB | ASIC, SCB, CySEC, DFSA, BaFin, CMA, FCA |
Investor Protection | Financialcommission.org | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | Alpari | Pepperstone |
|---|---|---|
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 | Standard |
| Min Deposit | $300 | $1 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 1 |
| Fee | $5 per 1 lot | No |
| Max Leverage | 1:3000 | 1:500 |
| Stop Out | 50% | 20% |
| Margin Call | 80% | 90% |
Zero Account | ||
| Account Name | — | Razor |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0 |
| Fee | — | $7 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 20% |
| Margin Call | — | 90% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Binary Options | ||
| Account | Fix-Contracts | — |
| Minimum Deposit | $50 | — |
| Option Types | Call/Put, Touch, Range, Spread, Turbo, Express | — |
| Minimum Stake | $1 | — |
| Payout | from 40% to 95% | — |
| Expiration Time | from 5 seconds to 1 day | — |
Funding and Fees
| Feature | Alpari | Pepperstone |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, AUD, CHF, JPY, NZD, CAD, SGD, HKD |
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) | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, USDT (Tether) |
Inactivity fee | $5 per month after 6 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | Alpari | Pepperstone |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView |
Execution Speed | 0.1 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Assets
| Asset | Alpari | Pepperstone |
|---|---|---|
Currencies | 46 | 97 |
Indices | 12 | 26 |
Stocks | 631 | 986 |
Cryptocurrencies | 9 | 30 |
Bonds | 0 | 0 |
Metals | 2 | 20 |
Energies | 3 | 4 |
Soft Commodities | 0 | 16 |
ETFs | 0 | 108 |
Education and Analytics
| Feature | Alpari | Pepperstone |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | Alpari | Pepperstone |
|---|---|---|
Email | support@alpari.im | support@pepperstone.com |
Phone | +44 2045 771951 | +17866281209 |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — |
Which Broker is Better?
After comparing Alpari and Pepperstone, Pepperstone 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.
More Comparisons
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.