alpari
Robinhood
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Overview
alpari was founded in 2015 and is headquartered in New Zealand, while Robinhood was established in 2013 and is based in USA. Both brokers are regulated by Financial Conduct Authority (FCA), among other authorities. alpari serves 10,000+ clients worldwide; Robinhood has 10,000,000+. The minimum deposit is $250 at alpari and $0 at Robinhood.
| Feature | alpari | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F222 | Financial Conduct Authority (FCA), Financial Supervision Commission (FSC) |
| Founded | 2015 | 2013 |
| Country | New Zealand | USA |
| Clients | 10,000+ | 10,000,000+ |
Fees
Fees are a critical factor when choosing between alpari and Robinhood, directly affecting your bottom line as a trader. Robinhood has a lower barrier to entry with a minimum deposit of $0 (vs $250 at alpari). alpari charges withdrawal fees while Robinhood does not, a notable advantage for frequent withdrawers. alpari charges deposit fees; Robinhood does not. Overall, Robinhood scores higher on fees in our assessment.
| Feature | alpari | Robinhood |
|---|---|---|
| Min. Deposit | $250 | $0 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | No | No |
| Deposit Fees | Yes | Yes |
| CFD Fees | Yes | Yes |
Platforms
alpari offers MT4, MT5, cTrader, while Robinhood supports a proprietary platform. Both brokers provide mobile trading apps for iOS and Android. Robinhood supports social and copy trading features, which alpari does not offer. alpari edges ahead on platform breadth and functionality in our scoring.
| Feature | alpari | Robinhood |
|---|---|---|
| MT4 | Yes | No |
| MT5 | Yes | No |
| cTrader | Yes | No |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how alpari and Robinhood compare. Robinhood runs regular live webinars; alpari does not. Both provide video tutorials. Robinhood publishes daily market commentary; alpari does not. Both integrate third-party research tools. Robinhood maintains an archive of past webinars for on-demand viewing. Robinhood scores higher overall in education and research.
| Feature | alpari | Robinhood |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. alpari accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Robinhood supports 1 (bank transfer). alpari uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. alpari scores higher on deposit and withdrawal flexibility.
| Feature | alpari | Robinhood |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both alpari and Robinhood offer live chat support. alpari offers phone support; Robinhood does not. Email support is available at both brokers. alpari supports 8 languages and Robinhood supports 13, giving Robinhood broader global reach. alpari scores higher overall on customer support in our assessment.
| Feature | alpari | Robinhood |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | No |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |