Alpari vs Mitrade - BrokerCue
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Broker Comparison

Alpari vs Mitrade

Compare Alpari and Mitrade side by side: fees, regulation, platforms.

Alpari

Alpari

Forex traders wanting ECN accounts

Alpari is a forex and CFD broker founded in 1998, offering MetaTrader 4 and 5, four account types including E…

VS
Mitrade

Mitrade

Beginner CFD and forex traders

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs …

Head-to-head comparison

Alpari vs Mitrade
Feature Alpari Mitrade
Minimum deposit - -
Stock trading fee - -
Regulators MISA ASIC, CySEC, CIMA, FSC, FSCA, CMA
Best for Forex traders wanting ECN accounts Beginner CFD and forex traders
Markets & account
Stocks
-
Forex
CFDs
Crypto
Margin
Demo Account
Multi Currency

Pros & cons

Alpari

Alpari

Pros

  • Operating since 1998 with over 1 million clients
  • Four account types including commission-free Standard and ECN options
  • Pro ECN spreads from 0.0 pips
  • MetaTrader 4 and MetaTrader 5 support
  • PAMM copy-trading with minimum investment from $50
  • Demo account available with no restrictions
  • High leverage available (varies by account and instrument)
  • Multiple deposit and withdrawal methods including crypto

Cons

  • Regulated only by MISA, an offshore regulator - no Tier-1 license (FCA, ASIC, CySEC)
  • No compensation scheme beyond the Financial Commission's 20,000 EUR limit
  • $10 monthly inactivity fee after 3 months of dormancy
  • Deposit fees of up to 2.5% on some card methods
  • Limited educational resources compared to larger brokers
  • Alpari UK went into administration in 2015 - the current entity is a separate continuation of the brand
  • Standard account EUR/USD average spread around 1.7 pips is relatively wide
Mitrade

Mitrade

Pros

  • Zero commission on all trades
  • Regulated by ASIC and CySEC (Tier-1 regulators) plus CIMA, FSC, FSCA and CMA
  • No deposit or withdrawal fees
  • Proprietary platform available on web, desktop and mobile
  • Free demo account with virtual funds
  • 800+ CFD instruments including forex, stocks, indices, commodities, ETFs and crypto
  • Negative balance protection
  • Low minimum deposit of $50

Cons

  • No MetaTrader 4, MetaTrader 5 or cTrader support
  • All positions are CFDs - no ownership of underlying assets
  • $10 monthly inactivity fee after 6 months (non-EEA accounts)
  • Demo account expires after 90 days
  • No copy trading or social trading features
  • No swap-free Islamic account
  • Single account type with no ECN or raw spread option
  • Account currency cannot be changed after opening
Alpari

Alpari

Alpari is a forex and CFD broker founded in 1998, offering MetaTrader 4 and 5, four account types including ECN, PAMM copy trading, and 750+ instruments.

Visit Alpari Read review

Your capital is at risk. Other fees apply.

Mitrade

Mitrade

Mitrade is a CFD and forex broker offering 800+ instruments across forex, stocks, indices, commodities, ETFs and crypto through a proprietary platform.

Visit Mitrade Read review

Your capital is at risk. Other fees apply.

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