This comparison overview assists customers that battle to pick in between Alpari and IC Markets to locate the best online broker for their trading and investment needs. It evaluates the main features of the two brokers side by side to help users contrast their service and make an educated decision.
To help customers pick the ideal broker in between Alpari and IC Markets to locate the best-suited system, below is a checklist of broker’s pros and cons, complied with by a comparison of their main trading attributes, consisting of trading systems & devices, fees, mobile trading, down payment & withdrawal, properties, policy, and customer support.
Alpari vs. IC Markets: Summary
Alpari is a financial brokerage company founded in 1998. The broker is not regulated, and is therefore not considered safe. Users have access to multiple assets including stocks (600 US stock CFDs), forex (46 + forex pairs), commodities and indices.
Alpari’s trading platform has over 60,000 users and is compatible with MetaTrader 4 and 5.
Alpari offers commission-free CFD trading and charges forex spreads from 1,2 pips EUR/USD. Traders can receive up to 20% cashback on paid spreads and commissions through Alpari’s loyalty program.
Alpari’s customer support is available by email (support@alpari.com), phone (+442 080 896 850), and via live chat in Arabic and English.
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
Pros
- Access to over 600 US stock CFDs and 46 forex pairs
- Commission-free CFD trading
- MetaTrader 4 and 5 compatibility
- Low (floating) spreads from 1,2 pips (EUR/USD)
- PAMM account availability
Cons
- Has a history of insolvency
- No valid trading licence
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Key features
- Zero commission CFD trading
- Low minimum deposit ($100)
- Access to PAMM services
- Support for MetaTrader 4 & 5
- High-quality market analysis and research
- Over 600 CFDs and 46 forex pairs
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Alpari vs. IC Markets Comparison
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Alpari
IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1000:1 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0-2% | No |
| Deposit Fee | 0 | No |
| Inactivity Fee | $5 after 6 months | 0 |
| Cost Per Trade | 0 | $3.5 per lot |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 0.4 | 1.2 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 3.3 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | 0.01% |
| Misc. Fees | 0 | |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5.00 | $200 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 40 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 61 | 75 |
| CFD Indices & Funds | 20 | 25 |
| CFD Stocks | 600 | 2100+ |
| CFD Commodities | 8 | 28 |
| CFD Crypto | 0 | 13 |
| CFD Bonds | 0 | 9 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Alpari vs. IC Markets Comparison Conclusion
The outcomes of our contrast of Alpari vs. IC Markets are wrapped up in the table below.
| Broker: | Best For: |
| Alpari | Trading with multiple assets and PAMM investment services |
| IC Markets | Forex and CFDs; Algorithmic Trading |
Selecting the appropriate option in between Alpari and IC Markets can be hard. Both on the internet brokers have similarities however differ concerning trading tools, platforms & apps, policy, down payment & withdrawals, and research study and education and learning. Choosing the most effective broker relies on individuals’ trading & financial investment goals, individual preferences, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.