Alpari
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
In the Alpari vs OANDA broker comparison, the key difference lies in their regulatory environments and market appeals. Alpari, with its high leverage of up to 1:1000 and very low minimum deposit of $5, caters to experienced traders seeking aggressive trading conditions and those interested in copy trading through PAMM accounts. However, its offshore regulation may deter risk-averse traders. On the other hand, OANDA, with robust regulation across seven jurisdictions including the FCA and CFTC, appeals to traders prioritising regulatory security and low entry barriers, offering a broader appeal with its no minimum deposit policy and extensive historical data access.
Alpari
OANDA
| Alpari | OANDA | |
|---|---|---|
| BrokerRank Score | 3.1/5 | 4.1/5 ✓ |
| Min. Deposit | $5 | $0 ✓ |
| Spread from | 0.4 pips ✓ | 0.6 pips |
| Max Leverage | 1:1000 ✓ | 1:50 |
| Regulation | FSA | FCA, CFTC, ASIC ✓ |
| Platforms | MT4, MT5 | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.1/5 on BrokerRank's independent rating. On fees, Alpari offers lower spreads (0.4 pips).
See full side-by-side comparison belowAlpari
OANDA
WinnerAlpari
Lower feesOANDA
Alpari
3.1/5
Choose Alpari if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Alpari holds a 3.1/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Alpari offers spreads from 0.4 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Alpari requires a minimum deposit of $5. OANDA requires $0.
Alpari is regulated by FSA, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Alpari supports MT4, MT5. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.