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
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Alpari versus FXTM - Verdict

Headquarters	Mauritius	Saint Vincent and the Grenadines
Regulators	CMA, FCA, FSC Mauritius, FSCA	MWALI International Services Authority
Tier 1 Regulator(s)?	N/A
Owned by Public Company?
Year Established	2011	1998
Execution Type(s)	ECN/STP, Market Maker	ECN/STP, Market Maker
Minimum Deposit	$200	$500
Negative Balance Protection	N/A
Trading Platform(s)	MetaTrader 4, MetaTrader 5, Proprietary platform	MetaTrader 4, MetaTrader 5
Average Trading Cost EUR/USD	0.1 pips	1.1 pips ($11.00)
Average Trading Cost GBP/USD	0.2 pips	1.2 pips ($12.00)
Average Trading Cost WTI Crude Oil	$0.09	$0.06
Average Trading Cost Gold	$0.18	$0.27
Retail Loss Rate	77.00%	Undisclosed
Minimum Raw Spreads	0.0 Pips	0.0 pips
Minimum Standard Spreads	1.5 pips	0.8 pips
Minimum Commission for Forex	$0.80 - $4.00 per round lot	$1.60 per 1.0 standard round lot
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
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Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading		N/A
Social/Copy Trading		N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
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Noteworthy:

Traders at FXTM must deposit $200​ to get the most competitive trading conditions offered. Alpari has a complex account structure, where PAMM accounts face higher spreads and commissions.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds		N/A
ETFs
Options		N/A
Futures
Synthetics
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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

Average Trading Cost EUR/USD	0.1 pips	1.1 pips ($11.00)
Average Trading Cost GBP/USD	0.2 pips	1.2 pips ($12.00)
Average Trading Cost WTI Crude Oil	$0.09	$0.06
Average Trading Cost Gold	$0.18	$0.27
Average Trading Cost Bitcoin	N/A	$56.50
Minimum Raw Spreads	0.0 Pips	0.0 pips
Minimum Standard Spreads	1.5 pips	0.8 pips
Minimum Commission for Forex	$0.80 - $4.00 per round lot	$1.60 per 1.0 standard round lot
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$5 monthly after 6 months	N/A
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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

Country of the Regulator	Cyprus, Kenya, Mauritius, United Kingdom, South Africa	Mauritius, Malawi
Name of the Regulator	CMA, FCA, FSC Mauritius, FSCA	MWALI International Services Authority
Regulatory License Number	185/12, 777911, C113012295, 135, 46614	C113012295, T2023236
Regulatory Tier	N/A	4, 5
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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

Pros	Cons
Low trading costs in the commission-based trading accounts	Limited 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

Pros	Cons
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 $200, 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.

You might also be interested in reviewing the below broker comparisons:

• Alpari vs Eightcap
• Alpari vs FXCM
• Alpari vs Oanda
• FXTM vs Capital.com
• FXTM vs Exness
• FXTM vs VantageFX

Read full FXTM Review

Read full Alpari Review