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Head to head

Alpari vs ITBFX

Alpari has no licence we could confirm on a regulator's register. ITBFX has no licence we could confirm on a regulator's register. 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 $10 at ITBFX. Neither offers negative balance protection. Only ITBFX offers segregated client money.

Facts last checked: Alpari on 20 October 2026, ITBFX on 29 October 2026.

Alpari profileITBFX 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
ITBFXRead the profile
Comparing
Alpari
ITBFX

Overview

Founded
1998
2017
Headquarters
Fomboni, Mohéli, Comoros
Rodney Bay, Gros-Islet, Saint Lucia
Official websites
  • alpari.com
  • itbfx.com
  • itbfx.net
Facts last checked
20 October 2026
29 October 2026

Regulation and protection

Company you would contract with
No licence listed
No licence listed
Regulator
No licence listed
No licence listed
Regulation level
No licence listed
No licence listed
Licence number
No licence listed
No licence listed
Clients this company serves
No licence listed
No licence listed
All licences held
None listed
None listed
Segregated client money
No
Yes
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 1:500 (ECN account)
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)
  • Forex and metals (Nano): 1:200
  • Forex, metals, indices and crypto (Standard): 1:400
  • Gold and silver (Gold): 1:400
  • Forex, metals, indices, crypto and shares (ECN): 1:500
  • Cryptocurrencies (Crypto): 1:10 to 1:50
  • Shares (Stock): 1:10
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
15% Gold; 20% Nano and Standard; 30% ECN; 40% Crypto and Stock

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 5
Markets
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
CFDs on forex, gold and silver, indices, energies, shares and cryptocurrencies
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
  • Cryptocurrency
  • Local currency exchange services
Withdrawal fee
Varies by method; the fee is taken from the amount withdrawn
None charged by ITBFX, says its FAQ; the agreement allows a 3% charge, or a refund of deposit fees, if you withdraw without trading
Inactivity fee
Not yet checked
Up to US$5 a month per account after six months without trading

Support

Customer support
Live chat, chatbot, messengers and phone helpline
24/7 by live chat, phone, WhatsApp, Telegram, email and ticket, in Persian, English, Arabic and other languages

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
  • Six account types on MetaTrader 5, with a demo version of each
  • The Nano account opens from $10 and trades in steps of 0.001 lots
  • Swap-free (Islamic) option on request
  • The client agreement says client money is held in segregated accounts
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
  • Says it is regulated by the Mwali International Services Authority (MISA) but publishes no licence number; we could not confirm a licence on MISA's register on 2026-10-29 (the register sits behind a bot check).
  • The BVI Financial Services Commission's Public Statement 2 of 2020 says www.itbfx.com circulated a forged BVI investment business licence and has never been licensed in or from the BVI.
  • No negative balance protection: the account risk warnings say losses can exceed your deposit, and the agreement makes you pay any shortfall within two working days.
  • The website names International Trading Brachium Ltd (Saint Lucia), while the client agreement names ITB Limited (Seychelles); neither is a licensed firm on any register we checked.

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.
  • ITBFX: Before trading, you should ensure that you’ve undergone sufficient preparation and fully understand the risks involved in margin trading.

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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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