Eightcap
Alpari
Eightcap vs Alpari
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Eightcap and Alpari are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Eightcap, founded in 2009 and headquartered in Melbourne, Australia, is regulated by ASIC, CySEC, SCB and offers spreads starting from 0.0 pips with a minimum deposit of $100. Alpari, established in 1998 in Saint Vincent and the Grenadines, holds licenses from FSA, FSC with spreads from 0.4 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, Eightcap scored 8/10 overall compared to Alpari's 6.8/10, making it the stronger pick for most traders. That said, Alpari holds its own with superior education resources, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Eightcap scores 8/10 overall vs 6.8/10 for Alpari — a 1.2-point difference.
- 💵
Alpari requires just $5 to start, while Eightcap needs $100 — Alpari is 20x more accessible.
- 🛡️
Eightcap holds Tier 1 regulation (ASIC, CySEC, SCB) offering stronger investor protection than Alpari's Tier 3 status.
- 📈
Eightcap offers 800+ instruments vs 250+ at Alpari — a massive gap in market coverage.
- 🖥️
Eightcap runs on MT4, MT5, TradingView, while Alpari uses MT4, MT5 — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Regulation & Trust: Eightcap scores 8.0 vs 5.0 for Alpari — a 3.0-point difference.
Our Verdict
Eightcap
Score: 8.0/10 · Wins 6 categories- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Alpari
Score: 6.8/10 · Wins 1 categories- You're a beginner who values learning resources
- You prefer a low minimum deposit ($5)
- You prefer Alpari's trading environment overall
Eightcap takes the lead with an overall score of 8/10 compared to 6.8/10, winning in 6 out of 8 scoring categories. Eightcap stands out for lower trading costs and better trading platforms, while Alpari fights back with superior education resources.
Detailed Verdict
After testing both brokers with real accounts, Eightcap comes out ahead with a 8/10 overall rating, winning 6 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. Eightcap holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. Alpari is not without merit — it scores 6.8/10 overall and excels in Deposit & Withdrawal (7.5/10), winning 1 category. Traders who value superior education resources may find Alpari the better fit. For a complete breakdown, read our full Eightcap review and Alpari review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
Eightcap wins by 1.5 points
Eightcap wins by 1.5 points
Eightcap wins by 3.0 points
Alpari wins by 0.5 points
Eightcap wins by 1.0 points
Eightcap wins by 0.5 points
Eightcap wins by 1.0 points
Full Feature Comparison
Fees & Costs
When it comes to trading costs, Eightcap has the edge with a score of 8.5/10 versus 7/10 for Alpari. Eightcap offers spreads starting from 0.0 pips, while Alpari starts from 0.4 pips. The minimum deposit at Eightcap is $100, compared to $5 at Alpari. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
Eightcap scores 8.5/10 for platforms compared to 7/10 for Alpari. Eightcap provides MT4, MT5, TradingView, while Alpari offers MT4, MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Eightcap is regulated by ASIC, CySEC, SCB (Tier 1), while Alpari holds licenses from FSA, FSC (Tier 3). Eightcap scores 8/10 and Alpari scores 5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, Alpari leads with 7/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Eightcap and Alpari both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Eightcap offers 24/5 Live Chat, Email and scores 7/10, while Alpari provides 24/5 Live Chat, Email, Phone with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Eightcap scores 8/10 for deposits and withdrawals, while Alpari scores 7.5/10. Eightcap accepts Bank Transfer, Credit Card, Skrill, Neteller, PayPal, and Alpari supports Bank Transfer, Credit Card, Skrill, Neteller, Bitcoin, FasaPay. Processing times, fees, and available currencies vary. Eightcap requires a minimum deposit of $100 versus $5 for Alpari. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Eightcap if you...
- You want lower spreads and trading fees
- You need advanced trading platforms and tools
- Top-tier regulation and fund safety are your priority
- You want access to a wider range of instruments
Choose Alpari if you...
- You're a beginner who values learning resources
- You prefer a low minimum deposit ($5)
- You prefer Alpari's trading environment overall
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Eightcap better than Alpari?
Eightcap scores higher overall (8/10 vs 6.8/10), winning 6 of 8 categories. However, Alpari is stronger in superior education resources. The best choice depends on what matters most to your trading style.
Which has lower fees, Eightcap or Alpari?
Eightcap scores higher for trading costs. Eightcap offers spreads from 0.0 pips with a $100 minimum deposit, while Alpari starts from 0.4 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Eightcap safe to trade with?
Eightcap is regulated by ASIC, CySEC, SCB and scores 8/10 for regulation. Alpari is regulated by FSA, FSC with a score of 5/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Eightcap or Alpari?
Eightcap scores 8.5/10 for platforms. Eightcap offers MT4, MT5, TradingView, while Alpari provides MT4, MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Eightcap vs Alpari?
Eightcap requires a minimum deposit of $100, while Alpari requires $5. Alpari has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.