Alpari vs Pepperstone 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Pepperstone has the higher TFB Score (92/100 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.
Pepperstone is a CFD broker founded in Melbourne in 2010, offering Standard and Razor accounts on its own platform, MT4, MT5, TradingView and cTrader, through entities regulated by the FCA, ASIC, CySEC, DFSA and the Securities Commission of The Bahamas.
73.6% of retail CFD accounts lose money with this provider.
Side by side
| Item | Alpari | Pepperstone |
|---|---|---|
| TFB Score | 61/100 | 92/100▲ |
| Regulation & safety | 7/35Strongest licence MISA (tier 3) | 34/35▲3 tier-1 regulators (FCA, ASIC, CySEC), investor compensation |
| Fees & costs | 22/25All-in cost from 0.00 pips, no commission | 22/25All-in cost from 0.70 pips |
| Deposits & withdrawals | 16/20Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 17/20▲Minimum deposit $10 (no minimum for domestic bank transfers), 10 deposit methods, 10 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 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | FCA, ASIC, CySEC, DFSA, SCB |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | $10 (no minimum for domestic bank transfers) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | 0.0 pips (Razor, FX) |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | USD 3.50 per lot per side (Razor, FX and spot gold) |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Apple Pay, Google Pay, Visa, Mastercard, Bank transfer, PayPal, Neteller, Skrill, Crypto, Union Pay (UPOP) |
| Retail accounts losing money | Not published | 73.6% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · Pepperstone review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or Pepperstone better?
Pepperstone has the higher TFB Score (92/100 vs 61/100). The best choice depends on your country, platform and payment method.
Are Alpari and Pepperstone regulated?
Alpari: MISA. Pepperstone: FCA, ASIC, CySEC, DFSA, SCB. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or Pepperstone?
Alpari holds no tier-1 licence; Pepperstone holds 3 (FCA, 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 Pepperstone?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). Pepperstone: $10 (no minimum for domestic bank transfers). Pepperstone asks for less to start.
Which has tighter spreads, Alpari or Pepperstone?
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 (Razor, FX) at Pepperstone; commission: Alpari None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded, Pepperstone USD 3.50 per lot per side (Razor, FX and spot gold).
Do Alpari and Pepperstone offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. Pepperstone: Pepperstone platform, MT4, MT5, TradingView, cTrader.
What is the maximum leverage at Alpari and Pepperstone?
Alpari: Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd). Pepperstone: 1:200 for retail clients on FX (under its CMA licence, per its UAE pricing page). Leverage depends on the company that opens your account and on your country.
More Alpari comparisons
More Pepperstone 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