Alpari versus FXTM

With an average execution speed of 0.072 seconds and an average price improvement of 0.29 pips or $2.90 per lot, FXTM offers traders excellent order execution and deep liquidity through its out-of-the-box MT4/MT5 platforms. Quality education, market research, and trading signals cater to beginners.

Traders at Alpari get the core MT4/MT5 trading platforms and a proprietary mobile app. It also offers the PAMM module for account management services, and active traders can lower fees via a four-tier loyalty program. Alpari also provides actionable trading signals by trusted third-party provider Autochartist, and beginner traders get introductory educational articles.

We have conducted an in-depth review of FXTM and Alpari to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsFXTM (visit site)Alpari (visit site)
Headquarter:MauritiusSaint Vincent and the Grenadines
Established :
20111998
Retail Loss Rate:
77.00%Undisclosed
Regulation:
Minimum Deposit:
$500$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after six months$5 monthly after six months
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Third-PartyThird-Party
Funding Methods:
478
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:

MT4/MT5 upgrades

Cryptocurrency deposits
Unique Feature Two:

Proprietary mobile trading app

PAMM accounts
Broker Offers:

Noteworthy:

Traders at FXTM must deposit $500 to get the most competitive trading conditions offered. Alpari has a complex account structure, where PAMM accounts face higher spreads and commissions.

Available Markets

Available MarketsFXTMAlpari
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:20001:3000
Maximum Pro Leverage:
1:2001:3000

While FXTM maintains 1,000+ trading instruments, Alpari merely lists 78 for one account type, and the other account types have even fewer. FXTM focuses on equity CFDs and offers direct share investments and in-house constructed thematic stock baskets for long-term investors. Alpari is suitable for focused trading strategies, like scalping, requiring few but highly liquid assets.

Typical Spreads and Fees

Typical Spreads & FeesFXTMAlpari
Minimum Raw Spreads:
0.0 pips0.0 pips
Minimum Standard Spreads:
1.5 pips1.7 pips
Minimum Commission for Forex:
$0.80 per 1.0 lot$3.20 per 1.0 standard lot
Commission for Equities:
Commission-freeNot applicable
Rebates:
NoYes
Execution Type:
Market Maker/ECN HybridMarket Maker

The commission-based Forex pricing environment at both brokers is competitive. FXTM maintains lower commissions for high-volume traders, but low-volume traders get cheaper costs at Alpari. The commission-free offer is expensive at both FXTM and Alpari, but the latter offers a loyalty program based on deposits with rebates.

Security and Trust

Alpari

Country of the RegulatorName of the RegulatorLicense Number
Saint Vincent and the Grenadines
Financial Services AuthorityUnregulated

FXTM

Country of the RegulatorName of the RegulatorLicense Number
Mauritius
Financial Services CommissionC113012295
UK
Financial Conduct Authority777911
Cyprus
Cyprus Securities and Exchange Commission185/12
South Africa
Financial Sector Conduct Authority46614

FXTM and Alpari both segregate client deposits from corporate funds and offer negative balance protection. The UK and Cyprus subsidiaries of FXTM have an investor compensation fund. Alpari operates as an unregulated but duly registered company, registration number 20389 IBC 2012, and is a Financial Services Commission member, where a €20,000 investor compensation fund per claim exists.

Alpari vs FXTM – Verdict

Alpari

ProsCons
Low trading costs in the commission-based trading accountsLimited asset selection
PAMM module for account management and proprietary copy trading app
Four-tier loyalty program based on deposits rather than trading volume
Trading signals by Autochartist and introductory educational content

FXTM

ProsCons
Excellent commission-based Forex pricing environment and transparency No cryptocurrencies and a limited choice of commodities
Upgraded MT4/MT5 trading platforms plus proprietary mobile trading app
Quality market research and educational content for beginner traders

A tier-1 licensed broker with low minimum deposits

The Alpari loyalty program based on deposits rather than volume offers Forex scalpers an excellent trading environment. The limited asset selection can make many strategies impossible to execute, however. While FXTM demands a minimum deposit of $500, the commission-based pricing environment remains one of the cheapest industry-wide. The balanced asset selection and excellent order execution make FXTM the overall more competitive choice.

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