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Rankings updated November 2026

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Alpari

3.3/5

#68 in our CFD broker rankings

Bangladesh flag Accepts traders from Bangladesh

Rating breakdown

  • Regulation & trust2.31.3 lower than FXTM (3.6)
  • Assets & markets3.30.2 lower than FXTM (3.5)
  • Fees & costs3.00.5 lower than FXTM (3.5)
  • Platforms & tools2.80.2 lower than FXTM (3.0)
  • Accounts & banking3.00.8 lower than FXTM (3.8)
  • Education1.52.3 lower than FXTM (3.8)
  • Research2.01.8 lower than FXTM (3.8)
  • Customer support2.80.5 lower than FXTM (3.3)

FXTM’s score. Numbers show the difference.

Higher rated

FXTM

4/5

#68 in our CFD broker rankings

Bangladesh flag Accepts traders from Bangladesh

Rating breakdown

  • Regulation & trust3.61.3 higher than Alpari (2.3)
  • Assets & markets3.50.2 higher than Alpari (3.3)
  • Fees & costs3.50.5 higher than Alpari (3.0)
  • Platforms & tools3.00.2 higher than Alpari (2.8)
  • Accounts & banking3.80.8 higher than Alpari (3.0)
  • Education3.82.3 higher than Alpari (1.5)
  • Research3.81.8 higher than Alpari (2.0)
  • Customer support3.30.5 higher than Alpari (2.8)

Alpari’s score. Numbers show the difference.

Alpari vs FXTM comparison table 2026
AlpariFXTM
OverviewAlpari is an offshore multi-asset broker that offers traders a wide range of forex trading opportunities as well as stock, index and commodity CFDs. The broker also offers fixed costs with payouts known upfront. Trading takes place on the reliable MT4 and MT5 platforms, plus the brand's mobile app. Alpari offers tight ECN spreads which will serve active day traders.FXTM is a forex and CFD broker established in 2011 and operating across four continents. The company is secure and regulated by trusted authorities, including the CMA in UAE. Offering 1,000+ markets and three account types, they cater to all levels of trader.
Customer Reviews
3
Based on 1 customer reviews
4
Based on 1 customer reviews
Bonus Offer30% up to $100 (terms apply)30% up to $100 via Exinity Ltd
Comment by Reviewer“Alpari will suit short-term traders with a low $30 deposit and user-friendly charting tools. Forex traders also benefit from tight spreads while the broker's PAMM service will appeal to hands-off investors.”“FXTM is ideal for experienced day traders with account options designed for short-term strategies, even winning DayTrading.com's 'Best ECN Account' award, alongside tight spreads that have been reduced and VPS support for algorithmic trading. ”
Pros
  • The Alpari Rewards program returns a portion of trading costs as redeemable points that convert directly into withdrawable funds—not vouchers or platform credits. The tiered structure means rewards compound as trading volume increases, effectively reducing the all-in cost per trade for consistently active traders in a way that's straightforward to calculate and actually accessible.
  • By building exclusively on MetaTrader infrastructure, Alpari gives traders access to the largest third-party EA and custom indicator ecosystem in retail forex. Thousands of pre-built automated strategies, indicators, and scripts are deployable without any proprietary platform restrictions or compatibility issues — a freedom that brokers running closed proprietary platforms can't offer.
  • FXTM emerges as a top MetaTrader broker with custom MT4 add-ons, including a Pivot Point Indicator, Pip Value Calculator, and Spread Indicator, for more precise trading.
  • FXTM’s Advantage account especially offers tight spreads from 0.0 pips and low commissions, designed for short-term traders looking to minimize costs.
  • FXTM supports a terrific range of payment methods, especially local options in Africa and Asia like M-Pesa and TC Pay Wallet. And with e-wallet withdrawals processed in as little as 30 minutes, this suits traders who require quick access to funds.
  • FXTM offers strong client protections, notably industry beating coverage up to $1 million per client for eligible non-EEA traders and segregated accounts, enhancing security for traders with large balances.
Cons
  • Alpari has removed its ultra-low $5 minimum deposit in an account revamp, now lifting the barrier with its Micro account to a $30 starting investment.
  • Alpari's entire desktop trading setup runs on MT4 and MT5 — there's no cTrader, no TradingView integration, and no proprietary platform built to fill either gap. For active ECN traders, that's a meaningful limitation. cTrader offers genuine depth-of-market visibility and a more responsive order management environment than MT4 can match, and TradingView has become the de facto charting standard for serious retail forex traders.
  • Unlike brokers that operate multiple regulated entities, Alpari primarily operates under MISA in the Comoros Union and a forex license from the NBRB in Belarus. For a broker with 25+ years of operation and 1 million+ claimed clients, the absence of any progression toward tier-one regulation is a strategic choice, not an oversight — and that choice tells traders something meaningful about where the broker's priorities lie.
  • FXTM only offers MetaTrader 4/5 for desktop trading, with no proprietary platform like eToro for a customized trading experience. MT4/5 is feeling increasingly outdated for active traders.
  • FXTM charges a $10 inactivity fee after only three months of no trading - shorter than many brokers, which can be frustrating for those who don’t trade continuously.
  • FXTM's educational offerings have come a long way, notably its informative e-books, but they are often tailored to beginners, making them less appealing to experienced traders.
  • FXTM focuses on CFDs and a modest collection of stocks but lacks ETFs, options, and futures, which can limit diversification for day traders seeking more asset types to capitalize on different markets.
  • FXTM Invest was an easy to use copy trading app that provided detailed performance stats and risk scores for Strategy Managers, but it was discontinued in 2024, leaving hands-off traders with limited opportunities.
Awards–
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
InstrumentsForex, CFDs, Stocks, Commodities, Indices, CryptoCFDs, Forex, Commodities, Indices, Stocks, Crypto
Demo AccountYesYes
Minimum Deposit$30$200
Trading Platforms
  • MT4
  • MT5
  • FXTM Trader
  • MT4
  • MT5
Payment Methods
Minimum Trade0.01 Lots0.01 Lots
RegulatorMISA, NBRBFSC, CMA-Kenya, CMA-UAE
Margin TradingYesYes
STP AccountNoYes
ECN AccountNoYes
DMA AccountNoNo
MAM AccountNoYes
PAMM AccountYesYes
LAMM AccountNoNo
Demat AccountNoNo
AI / Machine LearningNoNo
Robo AdvisorNoNo
Negative Balance ProtectionNoYes
Market MakerNoYes
P2P TradingNoNo
Spot TradingYesYes
Mobile AppsiOS & AndroidiOS & Android
App Review–FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the broker also supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.
Android App Rating
3.6
4.4
iOS App Rating
3.6
4.8
Auto TradingExpert Advisors (EAs) on MetaTraderExpert Advisors (EAs) on MetaTrader
Copy TradingYesNo
Copy Trading PlatformUsers can follow experienced strategy managers at Alpari, including seasoned forex traders. The broker offers account ratings to help you find a suitable provider as well as notifications on returns and one-click deposits and withdrawals.–
Social TradingNoNo
Trade Signals–Yes
VPS HostingNoYes
TournamentsNoNo
Demo CompetitionsYesNo
Ethical InvestingNoNo
Custodial AccountNoNo
Guaranteed Stop LossNoNo
Inactivity Fee$5$10
Islamic AccountYesYes
Account Currencies
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
  • USD
  • EUR
  • GBP
  • NGN
Stock Exchanges
Commodities
CFD Trading
OverviewAlpari offers CFDs on 60+ forex pairs, hundreds of global stocks, 11 stocks indices and spot metals and energies. Trading takes place via the MT4 or MT5 platforms, and the broker provides strategy and copy trading support as well as educational resources and 24/5 multilingual customer service.FXTM’s CFD offering spans 600+ forex, stocks, commodities and indices, plus crypto (location dependent), with spreads lowered in recent years. Advanced traders can also get industry-topping leverage up to 1:3000 through Exinity Ltd, amplifying results but necessitating strict risk management.
Leverage1:30001:3000
FTSE Spread130.8
GBPUSD Spread0.70.1
Oil Spread4.05.0
Stocks Spread2.00.1
Forex Trading
OverviewAlpari traders can access 60+ currency pairs and crosses via CFDs on the MT4 and MT5 platforms. The broker offers very competitive pricing, especially on the ECN Pro account which is commission free. Significant leverage up to 1:1000 is available.FXTM stands out with a strong selection of over 60 currency pairs, surpassing many competitors like AvaTrade. It also stands out with its six currency indices for traders aiming to diversify their forex portfolios, while the ECN account offers ultra-competitive spreads starting at 0 pips on majors, along with low commissions of just $3.50 per lot.
GBPUSD Spread0.70.1
EURUSD Spread0.40.0
EURGBP Spread0.60.0
Assets50+60+
Currency Indices
  • USD
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
OverviewAlpari offers a solid selection of popular crypto tokens paired with the USD. Spreads are competitive, starting at 1 and users can analyze the digital asset markets with the leading MetaTrader platforms, including on the weekends.Trade cryptocurrency CFDs on 11 popular digital tokens, including Bitcoin, Avalanche, and Dogecoin. Enjoy competitive floating spreads and accessible minimum lot sizes starting at just 0.01, perfect for aspiring crypto traders and experienced investors.
Spread1Variable
Coins
  • AVE
  • BTC
  • BCH
  • ADA
  • LINK
  • DAI
  • DOGE
  • EOS
  • ETH
  • ECH
  • FIL
  • LTC
  • XMR
  • DOT
  • XRP
  • MATIC
  • SOL
  • XLM
  • USDT
  • TRON
  • UNI
  • USDC
  • BTC
  • ETH
  • LTC
  • XRP
Crypto LendingNoNo
Crypto MiningNoNo
Crypto StakingNoNo
Auto Market MakerNoNo