Alpari International vs FXTM Forex Broker Comparison
A head-to-head comparison of Alpari International and FXTM across regulation, trading costs, platforms, and editorial scoring.
Score 3.9 / 5
2 bonusesHistoric retail forex brand regulated by FSC Mauritius, offering MT4 and MT5 with ECN and Standard accounts, widely recognised in the CIS and emerging markets but operating under an offshore licence since the Alpari UK collapse.
VS
CySEC and FCA-regulated broker with broad emerging-market reach, strong copy trading via MyFXBook integration, and a low $10 minimum deposit that makes it accessible to first-time traders.
Our Verdict
FXTM winsby 0.3 pts
FXTM edges ahead with a score of 4.2/5 vs Alpari International's 3.9/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
Alpari International offers tighter spreads from 0 pips vs 1.5 pips for FXTM, reducing trading costs.
Best for safety & regulation
Recommended
FXTM has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
Recommended
Alpari International has a cost edge: tighter spreads from 0 pips.
Best for beginners
Recommended
FXTM edges out Alpari International with a higher editorial score (4.2/5 vs 3.9/5), indicating a stronger overall experience for new traders.
Alpari International vs FXTM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 3.9/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 4.2 / 5▲ |
Fees & Spreads 30% weight | 4.1 / 5▲ | 3.9 / 5 |
Platforms & Tools 20% weight | 3.9 / 5 | 4.0 / 5▲ |
Customer Support 10% weight | 3.8 / 5 | 4.3 / 5▲ |
| Founded | 1998 | 2011 |
| Headquarters | Port Louis, Mauritius | Limassol, Cyprus |
| Min deposit | $5 | $10 |
| Spreads from | 0 pips | 1.5 pips |
| Commission / lot | $6/lot | N/A |
| Max leverage | 1000:1 | 1000:1 |
| Withdrawal fee | Free | Free |
| Regulators | FSCA FSC | FCA FSCA CySEC FSC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 |
| Active bonuses | ||
| Visit broker | Visit Alpari International | Visit FXTM |
Alpari International vs FXTM Forex Broker Pros & Cons
Pros
26-year brand history in retail forex
Mature PAMM investor platform - one of the originals
ECN accounts with $6 per-lot commission competitive with top ECN desks
Wide geographic reach across CIS, MENA, and Africa
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Low $10 minimum deposit on Micro accounts
Strong copy trading via FXTM Invest platform
Extensive education - webinars, video courses, and market analysis
Multilingual support in 20+ languages
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
FSC Mauritius licence - lower investor protection than FCA/ASIC/CySEC
Legacy of UK entity collapse in 2015 is a cautionary reference point
No top-tier regulatory licence for its core international client base
No negative balance protection
No investor compensation scheme
No proprietary platform
Limited charting capabilities
Cons
Standard account spreads are not ECN-competitive
Platform choice limited to MT4 and MT5
Mauritius FSC entity offers less investor protection than FCA/CySEC
No proprietary platform
Limited charting capabilities
Alpari International vs FXTM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
0
Alpari International
criteria wins
3
FXTM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Alpari International | FXTM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Pass |
| Compensation scheme (e.g. FSCS) | Fail | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Alpari International vs FXTM: Frequently Asked Questions
Based on our independent editorial scoring, FXTM ranks higher with a score of 4.2/5 vs 3.9/5 for Alpari International. The best choice still depends on your individual trading needs; Alpari International and FXTM may each suit different trader profiles.
Alpari International offers tighter spreads starting from 0 pips, compared to FXTM's spreads from 1.5 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Alpari International has a lower minimum deposit of $5, while FXTM requires at least $10. This makes Alpari International more accessible for traders with limited starting capital.
FXTM holds top-tier regulation (FCA, FSCA, CySEC), providing stronger investor protections. Alpari International may be regulated but does not hold top-tier status in our data. Always verify regulatory status with the broker directly before depositing funds.
For beginners: Alpari International has a lower minimum deposit ($5), lowering the barrier to entry; FXTM offers negative balance protection, capping losses at your deposit amount. Also weigh up educational resources and customer support quality before deciding.
Alpari International offers maximum leverage of 1000:1, while FXTM offers up to 1000:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Alpari International charges $6 per lot on commission-based accounts. Commission details for the other broker are not currently available. Check their website for up-to-date pricing.
Alpari International supports MetaTrader 4, MetaTrader 5 and FXTM offers MetaTrader 4, MetaTrader 5; both support MetaTrader 4, MetaTrader 5.
Ready to get started?
Open an account directly with the broker that suits you best.
Score 3.9 / 5
More Broker Comparisons
More Alpari International comparisons
Personalised recommendation
Not sure which broker is right for you?
Answer 6 quick questions and we'll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker