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
Mauritius Saint Vincent and the Grenadines CMA, CySEC, FCA, FSC Mauritius, FSCA MWALI International Services Authority N/A 2011 1998 ECN/STP, Market Maker ECN/STP, Market Maker $200 $500 N/A MetaTrader 4, MetaTrader 5, Proprietary platform MetaTrader 4, MetaTrader 5 0.1 pips 1.1 pips ($11.00) 0.2 pips 1.2 pips ($12.00) $0.09 $0.06 $0.18 $0.27 77.00% Undisclosed 0.0 Pips 0.0 pips 1.5 pips 0.8 pips $0.80 - $4.00 per round lot $1.60 per 1.0 standard round lot Get Started Get Started
Features and Platforms
N/A N/A N/A Get Started Get Started
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
N/A N/A N/A N/A Get Started Get Started
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
0.1 pips 1.1 pips ($11.00) 0.2 pips 1.2 pips ($12.00) $0.09 $0.06 $0.18 $0.27 N/A $56.50 0.0 Pips 0.0 pips 1.5 pips 0.8 pips $0.80 - $4.00 per round lot $1.60 per 1.0 standard round lot N/A N/A $5 monthly after 6 months N/A Get Started Get Started
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
Cyprus, Kenya, Mauritius, United Kingdom, South Africa Mauritius, Malawi CMA, CySEC, FCA, FSC Mauritius, FSCA MWALI International Services Authority 185/12, 777911, C113012295, 135, 46614 C113012295, T2023236 N/A 4, 5 Get Started Get Started
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.
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FAQs
Is Alpari a safe broker?
Alpari has stood the test of time, operational since 1998. It remains an unregulated but duly registered broker and is part of the Exinity Group, like FXTM, and a Financial Services Commission member, making it a safe broker.
What is the minimum deposit for Alpari?
Alpari does not have a minimum deposit requirement, ensuring clients maintain complete flexibility, restricted only by the payment processor requirements.
Does Alpari charge commissions?
Alpari charges a minimum Forex commission of $3.20 per 1.0 standard lot, among the cheapest industry wide.
Where is Alpari located?
The Alpari headquarters is in Saint Vincent and the Grenadines.
Is Alpari available in Nigeria?
Alpari is available in Nigeria and accepts Nigerian-based clients.
Is FXTM trusted?
FXTM ranks among the most trusted and transparent brokers. It maintains a spotless regulatory record with four regulators and has over a decade of experience.
Which FXTM account is best?
The best FXTM account is the Advantage option, which requires a minimum deposit of $200, giving traders get a highly competitive trading environment.