Broker Alarab
Broker Comparison

Alpari vs JustMarkets: Which Broker Is Better?

Compare Alpari and JustMarkets across fees, spreads, regulation, account types, trading platforms and overall suitability for different trading needs.

Best Overall
JustMarkets
Overall Rating
Best for Beginners
Both are suitable
Costs and Execution
Closely matched
Direct Comparison

Alpari vs JustMarkets

VS
Alpari logo

Alpari

4.03out of 5
Best Suited For

Flexible leverage

JustMarkets logo

JustMarkets

4.15out of 5
Best Suited For

MetaTrader and low spreads

Broker Alarab View
Our View on Alpari▼

Alpari is more relevant to experienced traders interested in ECN and Pro ECN accounts, PAMM services and flexible forex trading through MT4 and MT5.

Its account range and leverage may appeal to active traders, but beginners should carefully review the available entity, licence coverage, client-money protection and overall risk before opening an account.

Our View on JustMarkets▼

JustMarkets suits traders who want flexibility from cent and standard accounts up to more advanced options, but the best conditions depend on choosing the right account type.

Start with AlpariRead Review
Start with JustMarketsRead Review
Score Analysis

Strength Comparison

Compare Alpari and JustMarkets across the main factors traders consider when choosing a broker.

Comparison Factor
Alpari
JustMarkets

Safety & Trust

3.80
4.10

Fees & Costs

4.15
4.20

Trading Platforms

4.20
4.15

Deposits & Withdrawals

4.15
4.25

Customer Support

3.85
4.05

Small score differences do not mean the brokers are identical. Choose according to the factor that matters most to you, such as regulation, trading costs, platforms, withdrawals or customer support.

Accounts & Trading Costs

Compare Accounts and Fees

Compare account types, spreads, commissions and minimum deposits at Alpari and JustMarkets.

Quick Cost Comparison
Trading costs are closely matched

Neither broker has a decisive cost advantage, so compare the conditions of each account.

Alpari
4
available accounts
JustMarkets
4
available accounts
Ease of Entry
Best for Beginners
Both are suitable
Comparison
Alpari
JustMarkets
Main Account
Micro
Standard
Minimum Deposit
$30
$10
Spread
1.7 – 2.2
0.8 – 1.3
Commission
$0
$0
Execution
Market Execution
Market Execution
Account Details

Explore Available Account Types

Open each broker to compare the spread, commission, deposit and execution method for every account.

Alpari Accounts

4 available accounts

▼
Micro

Beginners

Details
Spread
1.7 – 2.2
Commission
$0
Deposit
$30
Execution: Market Execution
Standard

General traders

Details
Spread
1.2 – 1.7
Commission
$0
Deposit
$100
Execution: Market Execution
ECN

General traders

Details
Spread
0.4 – 0.9
Commission
$3 per lot
Deposit
$300
Execution: Market Execution
Pro ECN

General traders

Details
Spread
0.0 – 0.3
Commission
$4 per lot
Deposit
$500
Execution: Market Execution

JustMarkets Accounts

4 available accounts

▼
Standard

Beginners

Details
Spread
0.8 – 1.3
Commission
$0
Deposit
$10
Execution: Market Execution
Standard Cent

General traders

Details
Spread
1.0 – 1.5
Commission
$0
Deposit
$10
Execution: Market Execution
Pro

General traders

Details
Spread
0.5 – 1.0
Commission
$0
Deposit
$200
Execution: Market Execution
Raw Spread

General traders

Details
Spread
0.0 – 0.3
Commission
$6 per lot
Deposit
$500
Execution: Market Execution

Do not choose a broker based only on the number of accounts. Compare spreads, commissions, minimum deposits and execution methods before selecting a trading account.

Choose the Broker That Fits Your Trading

Continue after reviewing the available accounts and trading costs.

Alpari
Start Now
JustMarkets
Start Now
Safety & Regulation

Compare Broker Safety

Alpari vs JustMarkets

Compare safety scores, regulators and the legal entity responsible for each trading account.

Alpari
3.80
Safety score out of 5
JustMarkets
4.10
Safety score out of 5
Alpari
1 licenceIslamic account
JustMarkets
4 licencesIslamic account

The number of licences alone is not enough. Verify the legal entity that will hold your account.

Alpari logo
Regulatory Profile

Alpari Licences

1 registered licence • 3.80 out of 5

▼
Headquarters
Fomboni, Comoros
Islamic Account
Available

Regulators

1 record
MISAInternational oversight
Mwali International Services Authority
Licence Number
T2023236
Legal Entity
Alpari (Comoros) Ltd
Comoros
Official Check
Regulation and Fund Protection
Read the full analysis
▼

Regulatory Summary

Alpari is currently represented in the available data by Alpari (Comoros) Ltd, authorised by the Mwali International Services Authority in the Comoros under licence number T2023236. Unlike brokers with top-tier entities regulated by the FCA, ASIC or CySEC, the regulatory profile shown here relies on one international licence, which is an important factor when comparing Alpari with other brokers.

Alpari may offer forex accounts and trading conditions that appeal to active traders, including options associated with ECN-style trading. However, flexible trading conditions do not remove the difference in regulatory strength, and complaint procedures, supervision and investor protection under MISA may be less extensive than those provided by major regulators.

Before opening an Alpari account or transferring a significant amount, traders should verify the licence number and the name of Alpari (Comoros) Ltd in the official register. This broker may suit traders who understand the risks of dealing with an international entity, but it may not be suitable for those who require top-tier regulation.

Client Fund Protection at Alpari

Alpari states in its account terms that client funds are separated from company operating funds and that negative balance protection may apply under the relevant agreement. However, the entity shown in our regulatory data is Alpari (Comoros) Ltd, which is regulated by MISA in the Comoros. These contractual safeguards should not be treated as equivalent to investor compensation schemes available under certain top-tier regulators.

Before depositing or maintaining a large trading balance, traders should review the legal entity, client-money arrangements, withdrawal rules and complaint process. The applicable level of protection depends on the account agreement and the company responsible for holding the client’s funds.

JustMarkets logo
Regulatory Profile

JustMarkets Licences

4 registered licences • 4.10 out of 5

▼
Headquarters
Limassol, Cyprus
Islamic Account
Available

Regulators

4 records
CySECStrong oversight
Cyprus Securities and Exchange Commission
Licence Number
401/21
Legal Entity
JustMarkets Ltd
Cyprus
Official Check
FSAInternational oversight
Financial Services Authority Seychelles
Licence Number
SD088
Legal Entity
Just Global Markets Ltd
Seychelles
Official Check
FSC BelizeInternational oversight
Financial Services Commission Belize
Licence Number
GB22200881
Legal Entity
Just Global Markets (MU) Limited
Belize
Official Check
FSC BVIInternational oversight
British Virgin Islands Financial Services Commission
Licence Number
SIBA/L/24/1177
Legal Entity
Just Global Markets (VG) Limited
British Virgin Islands
Official Check
Regulation and Fund Protection
Read the full analysis
▼

Regulatory Summary

JustMarkets emphasizes client protection features such as segregated accounts and negative balance protection in its official materials. Its trust profile is practical, though the strength of safeguards still depends on the operating entity.

Client Fund Protection at JustMarkets

JustMarkets states that client funds are held separately from the company’s operating funds. Negative balance protection is also available under the conditions of the relevant account and legal entity, helping prevent eligible clients from being required to cover a negative balance caused by exceptional market movements.

The legal strength of these safeguards is not identical for every JustMarkets client. Client-money rules, investor compensation arrangements and complaint procedures may differ between the CySEC-regulated entity and international entities regulated in Seychelles, Mauritius or the British Virgin Islands. Traders should confirm the legal company responsible for their account before depositing.

Before depositing, match the legal entity and licence number in your client agreement with the regulator’s official register.

Comparison Summary

Which Broker Fits You?

Choose based on your priorities, not the overall rating alone.

Overall Result
The two brokers are closely matched

The difference is limited. Make your decision based on the account, fees and trading platform you need.

Easier Start
Both are suitable
Fees & Costs
Costs are closely matched
Alpari logo
Alternative Choice by Priority

Alpari

4.03
out of 5
Choose This Broker If You Want

ECN accounts and PAMM options for experienced traders

Low-deposit tradersHigh-leverage traders
Important

Traders should verify the legal entity and regulatory licence before registering

Start NowRead Review
JustMarkets logo
Alternative Choice by Priority

JustMarkets

4.15
out of 5
Choose This Broker If You Want

Standard and Raw accounts with flexible entry requirements

BeginnersLow-deposit traders
Important

Client protection and leverage limits vary by regulatory entity

Start NowRead Review
Final Decision
Broker Alarab View

JustMarkets suits traders who want flexibility from cent and standard accounts up to more advanced options, but the best conditions depend on choosing the right account type.

Check the account conditions, fees and regulatory entity available in your country before registering.

Frequently Asked Questions

Questions About Alpari and JustMarkets

Important answers before opening an account or choosing the more suitable broker.

Alpari
JustMarkets

Questions About Alpari

3 questions

Is Alpari a regulated broker and how safe is it?

▼

Alpari is registered in Mwali and regulated by the Mwali International Services Authority (MISA), which is considered an offshore regulator. It is not regulated by top-tier authorities like FCA or ASIC, which means lower investor protection compared to major brokers.

What happened to Alpari in 2015 and why is it important?

▼

Alpari UK went into insolvency in 2015 after the Swiss franc crisis, leading to the closure of its regulated UK entity. The current Alpari operates under a different offshore structure.

What is the minimum deposit required to start trading with Alpari?

▼

Alpari allows traders to start from around $30 on Micro accounts, while higher-tier accounts such as ECN and Pro ECN require deposits starting from $300 to $500.

Questions About JustMarkets

3 questions

Is JustMarkets a reliable broker or is there risk involved?

▼

JustMarkets operates under multiple regulatory entities such as CySEC, FSA, and FSCA, but protection levels vary depending on the region. While many traders report smooth execution and fast withdrawals, others raise concerns about offshore regulation and limited protection compared to top-tier brokers.

What is the minimum deposit required to trade on JustMarkets?

▼

The minimum deposit on JustMarkets can start as low as $1 depending on the account type and payment method, although most standard trading accounts typically require around $10.

How competitive are spreads and commissions on JustMarkets?

▼

JustMarkets offers spreads starting from around 0.8 pips on Standard accounts and from 0.0 pips on Raw Spread accounts, where a commission of about $6 per lot is applied. Overall trading costs are considered competitive compared to similar brokers.

Conditions may vary by country and regulatory entity. Review the account details before registering.