In this head to head, Alpari International and TPFx diverge on instrument scope and platform approach while sharing similar overall scores.
Alpari International and TPFx are closely matched overall. The single clearest differentiator is instrument variety, with Alpari offering 250 instruments versus 50 at TPFx.
Find out which broker best suits your trader profile.
Choose Alpari International if…
Choose Alpari International if you value a large instrument universe (250) and multilingual support.
Choose TPFx if…
Choose TPFx if you want a proprietary platform and domestic Indonesian access.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Alpari International offers tighter spreads from 0.00 pips vs 1.50 pips for TPFx, reducing trading costs.
| Editorial score | 3.9/ 5 | 3.7/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 3.7 / 5 | 3.7 / 5 |
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
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | Alpari International | TPFx |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Fail | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Fail | Fail |
| Compensation scheme (e.g. FSCS) | Fail | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: Alpari International rates 3.9/5 and TPFx rates 3.7/5. Alpari International has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Alpari International starts from 0 pips, tighter than TPFx's 1.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Alpari International has $5, while TPFx requires at least $60. This makes Alpari International more accessible for traders with limited starting capital.
Alpari International is regulated by FSC, FSCA. TPFx is regulated by BAPPEBTI, OJK. Confirm a broker's current regulatory status on the relevant regulator's public register before opening an account.
For beginners, Alpari International requires a lower minimum deposit ($5), lowering the barrier to entry. Both brokers otherwise share similar beginner-facing criteria in our data. Also compare demo account availability and educational resources on each brokers's site.
Alpari International lists maximum leverage of 1000:1, while TPFx lists up to 100:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Alpari International charges $6 per lot on commission-based accounts. Commission details for TPFx are not currently available. Check their website for up-to-date pricing.
Alpari International supports MetaTrader 5, MetaTrader 4, while TPFx supports MetaTrader 5, Proprietary Web/Mobile. Both provide MetaTrader 5. Alpari International has exclusive access to MetaTrader 4. TPFx has exclusive access to Proprietary Web/Mobile.
Equally matched; neither broker holds a top-tier regulator.
Alpari International wins for active traders due to 250 instruments and ECN-style pricing.
Alpari International is better suited for scalpers: tighter spreads from 0.00 pips.
TPFx wins for platform choice with a proprietary platform plus MT5.
Alpari International wins for beginners thanks to multilingual support and wider reach.
Alpari International wins for instrument variety with 250 tradable instruments.
Fees & Spreads 30% weight | 4.1 / 5▲ | 3.7 / 5 |
|---|
Platforms & Tools 20% weight | 3.9 / 5▲ | 3.7 / 5 |
|---|
Customer Support 10% weight | 3.8 / 5▲ | 3.7 / 5 |
|---|
| Founded | 1998 | 2010 |
|---|
| Headquarters | Port Louis, Mauritius | Jakarta, Indonesia |
|---|
| Min Deposit | $5▼ lower | $60 |
|---|
| Spreads From | 0 pips▼ lower | 1.5 pips |
|---|
| Commission / lot | $6/lot | N/A |
|---|
| 0.6 pips | N/A |
| Max Leverage | 1,000:1 | 100:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerWebMoneyCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerWebMoneyCrypto | Bank transfer |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FSC FSCA | BAPPEBTI OJK |
|---|
| Platforms | MetaTrader 5 MetaTrader 4 | MetaTrader 5 Proprietary Web/Mobile |
|---|
| Active bonuses |
|---|
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
BAPPEBTI-licensed and OJK-registered, full Indonesian regulatory compliance
OJK registration no. S-130/PM.02/2025 is publicly verifiable
Supports MetaTrader 5 alongside proprietary platform
Local Indonesian bank transfer funding with IDR accounts
Client funds held in segregated accounts
Raw spread account available
No deposit fees
No inactivity fee
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
Only available to Indonesian residents, no international clients
Higher minimum deposit than some domestic peers
Narrow product range limited to forex and commodity futures
No top-tier regulatory licence
No negative balance protection
No investor compensation scheme
Limited charting capabilities
Support available in limited languages
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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