Alpari vs Swissquote 2026
By Akash · Facts from the brokers’ own sites, sources linked on each review
Swissquote has the higher TFB Score (71/100 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.
Swissquote serves UK clients through Swissquote Ltd (FCA 562170), part of the Swiss-listed Swissquote banking group, with Premium, Prime and Elite forex and CFD accounts on MetaTrader 4 and 5.
78.23% of retail CFD accounts lose money with this provider.
Side by side
| Item | Alpari | Swissquote |
|---|---|---|
| TFB Score | 61/100 | 71/100▲ |
| Regulation & safety | 7/35Strongest licence MISA (tier 3) | 28/35▲1 tier-1 regulator (FCA), investor compensation |
| Fees & costs | 22/25All-in cost from 0.00 pips, no commission | 22/25All-in cost from 0.00 pips, no commission |
| Deposits & withdrawals | 16/20▲Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 9/20Minimum deposit USD 1,000 or the same in EUR, GBP or CHF (Premium account), 1 deposit method, 1 withdrawal method |
| Platforms & trading | 16/20▲MT4, MT5; leverage up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 12/20MT4, MT5 |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | FCA |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | USD 1,000 or the same in EUR, GBP or CHF (Premium account) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | 0.0 pips (Elite account; Prime from 0.6 pips, Premium from 1.3 pips) |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | EUR 2,5 per side per lot traded (Elite account; Premium and Prime have zero commissions) |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | Not published |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Online forms in the 'Payments & Transfers' section |
| Retail accounts losing money | Not published | 78.23% |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · Swissquote review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or Swissquote better?
Swissquote has the higher TFB Score (71/100 vs 61/100). The best choice depends on your country, platform and payment method.
Are Alpari and Swissquote regulated?
Alpari: MISA. Swissquote: FCA. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or Swissquote?
Alpari holds no tier-1 licence; Swissquote holds 1 (FCA). 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 Swissquote?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). Swissquote: USD 1,000 or the same in EUR, GBP or CHF (Premium account).
Which has tighter spreads, Alpari or Swissquote?
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 (Elite account; Prime from 0.6 pips, Premium from 1.3 pips) at Swissquote; commission: Alpari None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded, Swissquote EUR 2,5 per side per lot traded (Elite account; Premium and Prime have zero commissions).
Do Alpari and Swissquote offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. Swissquote: MetaTrader 4, MetaTrader 5.
More Alpari comparisons
More Swissquote 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