Alpari vs FP Markets 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
FP Markets has the higher TFB Score (94/100 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.
FP Markets is an Australian-founded CFD broker offering MT4, MT5, cTrader and TradingView with Standard and Raw accounts, operating through entities regulated by ASIC, CySEC, FSCA and the FSA Seychelles.
74.51% of retail CFD accounts lose money with this provider.
Side by side
| Item | Alpari | FP Markets |
|---|---|---|
| TFB Score | 61/100 | 94/100▲ |
| Regulation & safety | 7/35Strongest licence MISA (tier 3) | 32/35▲2 tier-1 regulators (ASIC, CySEC), investor compensation |
| Fees & costs | 22/25All-in cost from 0.00 pips, no commission | 24/25▲All-in cost from 0.00 pips, no commission |
| Deposits & withdrawals | 16/20Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 19/20▲Minimum deposit No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000), 6 deposit methods, 5 withdrawal methods |
| Platforms & trading | 16/20MT4, MT5; leverage up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 19/20▲MT4, MT5, cTrader, TradingView; leverage up to 1:500 (First Prudential Markets Ltd, Seychelles; 1:30 for ASIC and CySEC retail clients) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | ASIC, CySEC, FSCA, FSA Seychelles |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | 0.0 pips (Raw; Standard from 1.0 pips) |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commission |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 1:500 (First Prudential Markets Ltd, Seychelles; 1:30 for ASIC and CySEC retail clients) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Visa/Mastercard, Neteller, Skrill, Crypto, Bank wire |
| Retail accounts losing money | Not published | 74.51% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · FP Markets review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or FP Markets better?
FP Markets has the higher TFB Score (94/100 vs 61/100). The best choice depends on your country, platform and payment method.
Are Alpari and FP Markets regulated?
Alpari: MISA. FP Markets: ASIC, CySEC, FSCA, FSA Seychelles. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or FP Markets?
Alpari holds no tier-1 licence; FP Markets holds 2 (ASIC and CySEC). 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 FP Markets?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). FP Markets: No minimum deposit (depends on the payment method; Iress and Mottai accounts AU$1,000).
Which has tighter spreads, Alpari or FP 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 (Raw; Standard from 1.0 pips) at FP Markets; commission: Alpari None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded, FP Markets US$3 per lot per side (Raw, MT4/MT5; AU$3.50 per side under ASIC); Standard: no commission.
Do Alpari and FP Markets offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. FP Markets: MetaTrader 4, MetaTrader 5, cTrader, TradingView, Iress, Mottai.
What is the maximum leverage at Alpari and FP Markets?
Alpari: Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd). FP Markets: 1:500 (First Prudential Markets Ltd, Seychelles; 1:30 for ASIC and CySEC retail clients). Leverage depends on the company that opens your account and on your country.
More Alpari comparisons
More FP 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