Plain-English forex education. No hype, no signals.فارسی
BrokerCutForex Academy

Head to head

Alpari vs FxPro

Alpari has no licence we could confirm on a regulator's register. FxPro is licensed by FCA in the United Kingdom, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. 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 FxPro. Only FxPro offers negative balance protection and segregated client money.

Facts last checked: Alpari on 20 October 2026, FxPro on 20 October 2026.

Alpari profileFxPro 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
FxProStrictly regulatedRead the profile
Comparing
Alpari
FxProRaw+ account · United Kingdom

Overview

Founded
1998
Not yet checked
Headquarters
Fomboni, Mohéli, Comoros
London, United Kingdom
Official websites
  • alpari.com
  • fxpro.com
  • fxpro.co.uk
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
No licence listed
FxPro UK Limited
Regulator
No licence listed
FCA
United Kingdom
Regulation level
No licence listed
Strictly regulated
Licence number
No licence listed
509956
Check the register
Clients this company serves
No licence listed
UK residents
All licences held
None listed
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
Segregated client money
No
Yes
Negative balance protection
No
Yes
Compensation scheme
None
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company

Costs

Your monthly cost
No accounts listed
$96$9.6 per lot × 10 lots
Cost per lot (EUR/USD)
No accounts listed
$9.6
Spread from
No accounts listed
0.2 pips
Typical EUR/USD spread
No accounts listed
0.3 pips
Commission per lot (round turn)
No accounts listed
$7
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
1:30 on major pairs for UK and EU retail clients; dynamic leverage with no fixed cap on major pairs at the Bahamas company
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)
  • Major currency pairs: 1:30 (UK/EU); dynamic, no fixed cap (Bahamas)
  • Minor currency pairs: 1:20 (UK/EU); 1:500 (Bahamas)
  • Gold: 1:20 (UK/EU); 1:10000 (Bahamas)
  • Major indices: 1:20 (UK/EU); 1:500 (Bahamas)
  • Energies: 1:10 (UK/EU); 1:200 (Bahamas)
  • Shares and ETFs: 1:5 (UK/EU); 1:25 (Bahamas)
  • Cryptocurrencies: 1:2 (UK/EU); 1:500 (Bahamas)
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
50% for UK and EU retail accounts; FxPro states 0% for accounts at its global entity

Account

Minimum deposit (this account)
No accounts listed
$0
Base currencies
No accounts listed
Not yet checked
Execution
No accounts listed
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • Alpari trading app
  • FxPro platform and app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
Markets
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
Demo account
Yes
Yes
Copy trading
Not yet checked
No
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
  • Local bank transfer
  • Debit or credit card
  • E-wallet
Withdrawal fee
Varies by method; the fee is taken from the amount withdrawn
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
Inactivity fee
Not yet checked
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request

Support

Customer support
Live chat, chatbot, messengers and phone helpline
24/5 by live chat, email and phone

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
  • UK company authorised by the FCA and EU company licensed by CySEC, both strict regulators
  • Client money held in segregated accounts, with negative balance protection for all clients
  • Raw+ account costs about $9.60 per lot on EUR/USD, against about $14.90 on Standard
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
  • Clients outside the UK and EU usually join the Bahamas company, with lighter rules and no FSCS or ICF cover
  • Leverage at the Bahamas company is dynamic with no fixed cap on major pairs, which magnifies losses
  • Live accounts are disabled after 3 months of inactivity

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.
  • FxPro: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

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.

BrokerCut on Telegram

Get the latest forex news and market analysis.

Join the channel