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Head to head

Alpari vs FIBO Group

Alpari has no licence we could confirm on a regulator's register. FIBO Group holds only an offshore registration (British Virgin Islands). The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $30 at Alpari and $0 at FIBO Group. Neither offers negative balance protection and segregated client money.

Facts last checked: Alpari on 20 October 2026, FIBO Group on 20 October 2026.

Alpari profileFIBO Group profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
AlpariRead the profile
FIBO GroupOffshore registration onlyRead the profile
Comparing
Alpari
FIBO GroupBritish Virgin Islands

Overview

Founded
1998
Not yet checked
Headquarters
Fomboni, Mohéli, Comoros
Road Town, Tortola, British Virgin Islands
Official websites
  • alpari.com
  • fibogroup.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
No licence listed
FIBO Group, Ltd.
Regulator
No licence listed
FSC BVI
British Virgin Islands
Regulation level
No licence listed
Offshore registration only
Licence number
No licence listed
Investment Business Licence SIBA/L/13/1063
Check the register
Clients this company serves
No licence listed
All clients of fibogroup.com (not available to residents of the UK, US or North Korea)
All licences held
None listed
  • FSC BVI (British Virgin Islands)
Segregated client money
No
No
Negative balance protection
No
No
Compensation scheme
None
None

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
Up to 1:3000 (ECN and Pro ECN); 1:1000 on Standard; 1:500 on Micro
Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts
Retail leverage by asset class
  • Micro account: Up to 1:500
  • Standard account: Up to 1:1000
  • ECN and Pro ECN accounts: Up to 1:3000 (floating)
Not yet checked
Margin call level
50% on Micro and Standard; 80% on ECN and Pro ECN
Not yet checked
Stop-out level
20% on Micro and Standard; 50% on ECN and Pro ECN
20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent)

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Alpari trading app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • MT4 WebTerminal
Markets
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
Up to 43 currency pairs, metals, CFDs, 13 cryptocurrencies and 50 US shares, depending on the account
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Debit or credit card
  • Bank wire
  • E-wallet
  • Cryptocurrency
  • Local payment methods
  • Bank transfer
  • Visa and Mastercard
  • E-wallets
Withdrawal fee
Varies by method; the fee is taken from the amount withdrawn
Not yet checked
Inactivity fee
Not yet checked
Up to $5 a month on accounts with no trade for 91 days, if FIBO introduces the fee

Support

Customer support
Live chat, chatbot, messengers and phone helpline
Phone (+44 845 09-50-118) and call-back requests

Our notes

Strengths
  • Four account types, from a $30 Micro account to a raw-spread Pro ECN account
  • Commission-free Micro, Standard and ECN accounts
  • MetaTrader 4 and 5, PAMM investing and a demo account
  • FIBO Group, Ltd. is listed by the BVI FSC as a currently regulated investment business (dealing as agent and principal, arranging deals)
  • Wide choice of platforms and accounts, including cent accounts that open from 1 cent
  • Spreads from 0 pips on NDD accounts with commission charged as a percentage of trade value
Watch out for
  • Says it holds Mwali International Services Authority (MISA) licence T2023236; we could not confirm it on MISA's register on 2026-10-20, because the register sits behind a bot check
  • No licence from a strict regulator; not available to UK or EU residents
  • We found no statement on its site about segregated client money or negative balance protection
  • Leverage up to 1:3000, and deposit bonuses that come with conditions
  • The BVI licence is offshore and there is no compensation scheme
  • We found no negative balance protection or client money segregation commitment in the customer agreement; it lets FIBO cover a negative balance from your other accounts
  • Leverage up to 1:5000 on the MT5 Cent account
  • FIBO's former Cyprus company no longer appears on CySEC's list of investment firms; EU clients have no EU-licensed FIBO company

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • Alpari: Before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.
  • FIBO Group: Forex trading involves significant risk, including the potential loss of all invested funds. It may not be suitable for everyone. Please assess your risk tolerance carefully.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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