Written by ForexBrokers.com
In this head to head comparison of TMGM vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Choosing the right online broker is crucial for a secure trading experience. When comparing TMGM and Alpari, several factors stand out, especially in terms of trust and regulatory oversight. TMGM, established in 2013, holds two Tier-1 licenses, marking it as a highly secure option according to ForexBrokers.com. With a Trust Score of 83 out of 99, TMGM is considered a trusted online broker. On the other hand, Alpari, which was founded in 1998, holds no Tier-1 licenses and has a Trust Score of 68, placing it in the high-risk category. Neither company is publicly traded nor operates as a bank.
Both brokers offer online trading services, yet the difference in regulatory standing and trust scores is significant. TMGM's higher Trust Score and additional Tier-1 licenses show a stronger commitment to customer safety and regulatory compliance. In contrast, Alpari's lower score and lack of top-tier licensing might pose a higher risk for traders seeking an assured degree of protection. These aspects are vital considerations for anyone exploring online trading opportunities with either broker.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Year Founded | 2013 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing TMGM and Alpari in terms of commissions and fees, TMGM stands out with its Edge account, which offers competitive rates through low spreads and a small commission fee. The Edge account charges a commission of $3.50 per side, or $7 per round trip, making it a favorable choice for traders who prefer low trading costs. However, recent average spread data for the EUR/USD was unavailable for TMGM, which can be a drawback for traders seeking insight into average trading costs.
For Alpari, the lack of available average spread data leaves a gap in assessing the overall trading expenses. Both TMGM and Alpari are rated similarly in terms of commissions and fees, each earning a respectable 4 out of 5 stars. However, TMGM holds a slightly better position, ranking #35 out of 62 brokers, while Alpari follows at #41 according to ForexBrokers.com.
In addition, traders looking for interest-free options might consider TMGM's Edge account, as it's the only account type offering Sharia-compliant features. This flexibility can be important for Islamic finance customers. Overall, the choice between TMGM and Alpari may come down to prioritizing specific account features and personal trading needs.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the variety of investment options between TMGM and Alpari, TMGM stands out with a significantly larger selection. TMGM provides access to an extensive range of 12,000 tradeable symbols, including 62 forex pairs, making it a strong contender for those seeking diverse trading opportunities. In contrast, Alpari offers a more modest selection of 105 tradeable symbols and 46 forex pairs. Both platforms support forex trading as a CFD or spot contract and allow for cryptocurrency derivatives trading, but neither offers the option to invest in actual, delivered cryptocurrencies or U.S.-listed securities. TMGM and Alpari also facilitate copy trading, appealing to investors interested in mirroring trading strategies of more experienced traders.
While neither broker permits trading actual stocks on U.S. exchanges, Alpari distinguishes itself by enabling investment in international exchange securities, such as shares on the London Stock Exchange. This feature potentially broadens Alpari's appeal to those interested in international stocks. However, in overall investment range, TMGM earns a higher rating of 4.5 stars and is ranked 17th out of 62 brokers by ForexBrokers.com, underscoring its strong position as a top choice for varied investment opportunities. Meanwhile, Alpari holds a 3-star rating and ranks 62nd, indicating a narrower scope of investment options.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 105 |
| Forex Pairs (Total) | 62 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When it comes to evaluating trading platforms and tools, both TMGM and Alpari offer key features that appeal to traders looking for versatile options. Both brokers provide simulated trading with free virtual demo accounts, allowing users to hone their strategies without financial risk. Although Alpari edges ahead with a proprietary platform, both brokers supply widely recognized MetaTrader 4 and MetaTrader 5 platforms, available as Windows-based desktop downloads and web-based options. TMGM and Alpari also support copy trading, but neither offer DupliTrade or ZuluTrade. For charting, traders can benefit from 15 drawing tools with both brokers, and both platforms allow direct trading from stock charts.
In terms of watch list functionality, TMGM and Alpari each offer seven columns for customizing fields, providing tailored data at a glance. Despite their similarities, TMGM ranks slightly higher than Alpari with ForexBrokers.com, coming in at 48th place compared to Alpari's 55th out of 62 brokers for trading platforms and tools. However, both are rated a solid four out of five stars in this category, highlighting their strong performance in providing reliable trading solutions. Whether you're a new trader or an experienced investor, both TMGM and Alpari offer valuable tools to enrich your trading experience.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For traders seeking a reliable mobile trading experience, both TMGM and Alpari offer impressive apps available on iPhone and Android devices. Each platform provides useful features such as stock or forex price alerts, the ability to draw trendlines, and viewing multiple time frames on charts. Traders can also create watchlists with real-time quotes; however, neither provider syncs watchlists between the mobile app and desktop accounts. A notable difference is that TMGM's app auto-saves chart drawings, whereas Alpari does not support this feature.
When it comes to charting capabilities, both TMGM and Alpari include 30 technical studies for comprehensive market analysis. Each broker’s mobile app earns a respectable 4-star rating, although TMGM edges ahead in the rankings, placed at #46 compared to Alpari's position at #56 out of 62 brokers on ForexBrokers.com. Overall, traders will find both apps competent, yet TMGM offers a slight advantage in user experience, especially with its auto-save drawing feature.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research features, TMGM and Alpari offer varying services to their users. TMGM provides daily market commentary, giving traders insightful perspectives each day, while Alpari does not include this feature. Both brokers offer forex news from renowned sources like Bloomberg and Reuters, ensuring access to high-quality financial information. However, TMGM stands out with its sentiment-based trading tools and research resources from Trading Central and Acuity Trading, helping traders make informed decisions. Meanwhile, Alpari enriches its platform with tools from Autochartist, offering a different set of analytical resources.
In terms of economic support, both TMGM and Alpari provide an economic calendar, keeping traders apprised of important global events. However, when ranked for research, TMGM holds a slight edge with a 3.5-star rating, compared to Alpari’s 3 stars. According to ForexBrokers.com, TMGM ranks 53rd out of 62 brokers in the research category, while Alpari is positioned at 57th. These rankings reflect their varied approaches to integrating research tools and services into their platforms, with TMGM offering a more diverse range of resources for analysis.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by online brokers TMGM and Alpari, newcomers to trading may find some differences that could influence their decision. TMGM provides a searchable archive of previously recorded client webinars and a comprehensive investor dictionary with definitions of over 50 investing terms, making it easier for beginners to access past learning materials and understand basic trading concepts. However, in terms of sheer volume of beginner-focused educational content, Alpari takes the lead by offering a collection of more than 10 videos specifically designed for beginners. Unlike TMGM, Alpari also delivers a range of articles, videos, and archived webinars centered on forex or CFDs, enhancing a beginner's learning experience.
Neither broker offers live educational webinars each month, nor does either provide advanced educational videos for seasoned traders. While TMGM earns a slightly higher education rating of 3.5 stars compared to Alpari's 3 stars, Alpari is ranked higher in the education category among 62 brokers. With Alpari positioned at #48 and TMGM at #54 by ForexBrokers.com, potential users may consider Alpari's comprehensive beginner materials as a key advantage, though TMGM's structured resources could also appeal to those prioritizing easy access to definitions and recorded content.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TMGM is better than Alpari. TMGM finished with an overall rank of #37, while Alpari finished with an overall rank of #57.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
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Alpari
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 68 |
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Both TMGM and Alpari do not provide the option to purchase actual (delivered) cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers TMGM and Alpari, neither offers ACH or SEPA transfers for deposits or withdrawals, but TMGM supports PayPal while Alpari does not; both provide transactions via Skrill, Visa or Mastercard, and bank wires, illustrating TMGM's broader payment method flexibility with the addition of PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | TMGM | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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| Regulation | TMGM | Alpari | |
|---|---|---|---|
| Trust Score | 83 | 68 | |
| Year Founded | 2013 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | TMGM | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 105 | |
| Forex Pairs (Total) | 62 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | TMGM | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | Alpari | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TMGM Review |
| Overall | TMGM | Alpari | |
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| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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