Alpari vs BlackBull Markets 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
BlackBull Markets has the higher TFB Score (77/100 vs 61/100).
Alpari, founded in 1998, is a trading name of Parlance Trading Ltd, licensed by the Mwali International Services Authority (an offshore regulator), offering Micro, Standard, ECN and Pro ECN accounts on MetaTrader 4, MetaTrader 5 and the Alpari app.
BlackBull Markets is a New Zealand-founded forex and CFD broker offering MetaTrader 4, MetaTrader 5, cTrader and TradingView, operating through an FMA-licensed NZ entity and an FSA Seychelles-licensed entity.
Side by side
| Item | Alpari | BlackBull Markets |
|---|---|---|
| TFB Score | 61/100 | 77/100▲ |
| Regulation & safety | 7/35Strongest licence MISA (tier 3) | 18/35▲Strongest licence FMA (NZ) (tier 2), client money kept apart |
| Fees & costs | 22/25▲All-in cost from 0.00 pips, no commission | 21/25All-in cost from 0.60 pips |
| Deposits & withdrawals | 16/20Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 18/20▲Minimum deposit No minimum deposit (funding method minimums may apply), 8 deposit methods, 8 withdrawal methods |
| Platforms & trading | 16/20MT4, MT5; leverage up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 20/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:500 on forex and metals (BBG Limited) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | FSA (Seychelles), FMA (NZ) / FSPR |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | No minimum deposit (funding method minimums may apply) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | ECN Prime: US$3 per lot per side; ECN Standard: $0 |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 1:500 on forex and metals (BBG Limited) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Visa, Mastercard, Apple Pay, Google Pay, Skrill, Neteller, Crypto, Bank Transfer |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · BlackBull Markets review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or BlackBull Markets better?
BlackBull Markets has the higher TFB Score (77/100 vs 61/100). The best choice depends on your country, platform and payment method.
Are Alpari and BlackBull Markets regulated?
Alpari: MISA. BlackBull Markets: FSA (Seychelles), FMA (NZ) / FSPR. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or BlackBull Markets?
Alpari holds no tier-1 licence; BlackBull Markets holds none. Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at Alpari and BlackBull Markets?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). BlackBull Markets: No minimum deposit (funding method minimums may apply).
Which has tighter spreads, Alpari or BlackBull Markets?
Published spreads start from 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) at Alpari and 0.0 pips (ECN Prime); 0.8 pips (ECN Standard) at BlackBull Markets; commission: Alpari None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded, BlackBull Markets ECN Prime: US$3 per lot per side; ECN Standard: $0.
Do Alpari and BlackBull Markets offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. BlackBull Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView, BlackBull CopyTrader.
What is the maximum leverage at Alpari and BlackBull Markets?
Alpari: Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd). BlackBull Markets: 1:500 on forex and metals (BBG Limited). Leverage depends on the company that opens your account and on your country.
More Alpari comparisons
More BlackBull Markets comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning