This paper presents a comparative study between the pseudopotential Shan-Chen model and the phase field multiphase lattice Boltzmann method for simulating bubble dynamics during dendritic solidification of binary alloys. The Shan-Chen method is an efficient lattice Boltzmann multiphase method despite having some limitations, including the generation of large spurious currents. The phase field model solves the Cahn-Hilliard equation in addition to the Navier-Stokes equation to track the interface between phases. The phase field method is more accurate than the Shan-Chen model for simulation of fluids with a high-density ratio since it generates an acceptable small spurious current, though at the expense of higher computational costs. For the simulations in this article, the multiphase lattice Boltzmann model was coupled with the cellular automata and finite difference methods to solve temperature and concentration fields. The simulated results were presented and compared regarding the ability of each model to simulate phenomena at a microscale resolution, such as Marangoni convection, the magnitude of spurious current, and the computational costs. It is shown that although Shan-Chen methods can replicate some qualitative features of bubble-dendrite interaction, the generated spurious current is unacceptably large, particularly for practical values of the density ratio between fluid and gas phases. This occurs even after implementation of several enhancements to the original Shan-Chen method. This serious limitation makes the Shan-Chen models unsuitable to simulate fluid flow phenomena, such as Marangoni convection, because the large spurious currents mask completely the physical flow.