Written by ForexBrokers.com
In this head to head comparison of Fineco vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Fineco and Alpari are online brokers that were established in 1999 and 1998, respectively. Fineco is publicly traded and also operates as a bank, while Alpari is neither publicly traded nor a bank. This distinction can impact their perceived stability and trustworthiness by investors. When considering regulatory credentials, Fineco holds two Tier-1 licenses, which ForexBrokers.com views as highly trusted. In contrast, Alpari does not hold any Tier-1 licenses, and this difference is reflected in their Trust Scores.
Fineco boasts a high Trust Score of 94 out of 99 according to ForexBrokers.com, placing it in the highly trusted category. Alpari, on the other hand, has a Trust Score of 68, ranking it as high risk. When choosing between these brokers, these details about their regulatory standing and Trust Scores are essential factors to consider for traders who prioritize security and trust in their online trading experience.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Year Founded | 1999 | 1998 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing the commissions and fees of Fineco and Alpari, it's important to consider the available data on spreads and the ratings provided by users. Fineco provides limited information about its forex and CFD trading costs, making it challenging to fully assess their competitiveness. They list a spread of 1 pip for the EUR/USD pair, which is higher than many other forex brokers. Fineco also mentions a spread of 0.8 pips, but it is unclear if these are average values or specific to any time period. However, Fineco seems to offer more competitive spreads when it comes to index CFDs. Fineco has a rating of 3.5 stars for commissions and fees, ranking it at #51 among 63 brokers according to ForexBrokers.com.
Alpari, on the other hand, also doesn't provide average spread data for its trading options. Despite this lack of detailed spread information, Alpari holds a higher user rating of 4 stars for its commissions and fees. This rating places Alpari at #41 in the same ranking of 63 brokers, suggesting a better overall perception of their pricing structure when compared to Fineco.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Join 239,000+ traders worldwide.
Regulated in 7 jurisdictions
Fineco and Alpari both offer Forex trading as either CFDs or spot contracts, but they differ significantly in the overall range of tradable investments. Fineco impresses with an extensive offering of 9,770 tradeable symbols, including 54 Forex pairs, and allows clients to purchase exchange-traded securities from both U.S. and international markets. This makes Fineco a versatile choice for investors looking to diversify their portfolio across various asset classes. In contrast, Alpari provides just 105 tradeable symbols and 46 Forex pairs, specializing more narrowly while also offering the convenience of copy trading and cryptocurrency derivatives, though it lacks direct access to U.S. listed equities.
This broader investment range contributes to Fineco receiving a high rating of 4.5 out of 5 stars for its range of investments and being ranked 16th out of 63 brokers by ForexBrokers.com. On the other hand, Alpari is rated 3 stars and ranks lower at 63rd place, reflecting its more limited selection. Therefore, while both brokers cater to forex traders, Fineco offers a more comprehensive array of investment options, whereas Alpari is a slightly better fit for those interested in copy trading and exploring cryptocurrency derivatives.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 105 |
| Forex Pairs (Total) | 54 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Fineco and Alpari's trading platforms and tools, each broker brings unique features to the table. Fineco offers an in-house developed platform, tailored for their users, available both as a Windows-based desktop application and a web-based platform. However, Fineco does not provide a demo account for simulated trading, which might hinder beginners wanting to practice without risk. Fineco lacks popular platforms like MetaTrader 4 and MetaTrader 5 or copy trading features, focusing instead on its own proprietary system. For charting, Fineco provides 7 drawing tools, yet it doesn't allow trading directly from charts. Despite these limitations, Fineco earns a commendable 4-star rating for its platform offerings and holds the 18th position among 63 brokers in the Trading Platforms and Tools category, as per ForexBrokers.com.
Alpari, on the other hand, excels in offering various trading platforms, including both proprietary options and globally recognized MetaTrader 4 and MetaTrader 5. This broker embraces flexibility with a web-based and a Windows-based desktop platform, as well as the capability for copy trading, appealing to a wide range of traders. Alpari also provides a free virtual demo account, making it ideal for beginners looking to practice trading strategies. With 15 drawing tools and the ability to trade directly from stock charts, Alpari caters to traders who value in-depth chart analysis. Even though Alpari shares a similar 4-star rating with Fineco, it ranks lower at 55th out of 63 brokers in the ForexBrokers.com ranking for Trading Platforms and Tools, suggesting room for improvement despite its diverse offerings.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those looking into mobile trading apps, both Fineco and Alpari provide convenient options for iPhone and Android users. They each offer price alerts for stock and forex markets, along with capabilities to view various time frames on charts, whether daily, weekly, or intraday. However, when it comes to the number of technical studies available, Alpari pulls ahead with 30 compared to Fineco's 6. On the other hand, watchlist symbol syncing isn't available with either provider, meaning lists might need manual updates between devices.
If you're keen on using drawing tools for stock or forex charts, Alpari shines again by allowing trendlines, while Fineco does not offer this feature. Furthermore, Alpari permits the creation of a watchlist with real-time quotes, an option not present in Fineco's app. Despite these differences, both platforms receive a respectable 4-star rating for their mobile trading apps. Among 63 brokers ranked by ForexBrokers.com, Fineco is placed at #42, outperforming Alpari's rank of #56.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
Fineco and Alpari both provide forex investors with access to top-tier news sources such as Bloomberg, Reuters, and Dow Jones, ensuring that traders have the latest updates at their fingertips. Although neither broker offers daily market commentary, both platforms feature economic calendars for tracking global news events. While Fineco does not include technical tools from Autochartist or Trading Central, Alpari stands out by offering tools from Autochartist, assisting traders with detailed market analysis.
When examining overall research capabilities, Fineco receives higher marks, boasting a 4.0-star rating compared to Alpari's 3 stars. Moreover, Fineco ranks significantly ahead of Alpari in research as per ForexBrokers.com, positioned at #33 out of 63 brokers, while Alpari finds itself at #57. These comparisons underscore Fineco's slight edge in offering a more comprehensive research experience for traders seeking solid market insights.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners provided by Fineco and Alpari, there are some notable differences. Fineco does not offer a wide variety of resources specifically focusing on forex or CFDs, while Alpari provides a selection of over ten educational pieces on these topics. However, beginners can benefit from Fineco's monthly online webinars, though there's no searchable archive for past sessions. Both brokers excel in offering more than ten beginner-friendly educational videos, but neither goes beyond in advanced education for more experienced traders. Additionally, both brokers include an investor dictionary with definitions for at least 50 investing terms.
In ratings, Fineco stands ahead with a 4.0-star education rating compared to Alpari's 3-star rating. Yet, when ranked among 63 brokers for education by ForexBrokers.com, Fineco is placed at #49 and Alpari slightly higher at #48. Overall, while Fineco offers a more interactive learning experience with educational webinars, Alpari stands out with a broader range of educational materials on forex and CFDs. Both platforms present valuable resources for beginners still charting their trading journey.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than Alpari. Fineco finished with an overall rank of #25, while Alpari finished with an overall rank of #58.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 94 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While both Fineco and Alpari do not offer the ability to buy actual delivered cryptocurrency, Alpari stands out by providing the option to trade cryptocurrency derivatives, unlike Fineco.
Fineco allows deposits and withdrawals via ACH, SEPA, and bank wires, but does not support PayPal, Skrill, or credit card transactions, while Alpari supports deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, but lacks ACH or SEPA transfer options and does not support PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Fineco | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | Fineco Review |
| Broker Screenshots | Fineco | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | Fineco | Alpari | |
|---|---|---|---|
| Trust Score | 94 | 68 | |
| Year Founded | 1999 | 1998 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Fineco | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 105 | |
| Forex Pairs (Total) | 54 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Fineco | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | Alpari | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | Alpari | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review |
| Overall | Fineco | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 94 | 68 | |
| Winner | check_circle | ||
| Review | Fineco Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
