Written by ForexBrokers.com
In this head to head comparison of Alpari vs FXGT.com, 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.
Alpari and FXGT.com are both online brokers operating without being publicly traded or functioning as banks. Alpari, established in 1998, and FXGT.com, founded in 2019, differ in their regulatory standings. According to ForexBrokers.com, Alpari holds no Tier-1 or Tier-2 licenses, while FXGT.com is backed by one of each, indicating a more trusted regulatory status.
When it comes to trust scores provided by ForexBrokers.com, which rates brokers based on their perceived risk to traders, Alpari scores a 68. This places it in the high-risk category. FXGT.com, on the other hand, achieves a slightly higher score of 69, though it remains within the same high-risk bracket. These scores reflect the perceived trustworthiness and overall risk factors associated with each broker.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Year Founded | 1998 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 0 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When evaluating the commissions and fees of online brokers Alpari and FXGT.com, Alpari stands out with a strong reputation for cost-effectiveness. Although specific average spread data is unavailable, Alpari has earned a favorable rating of 4 out of 5 stars for this category. This suggests that traders can expect competitive pricing and lower transaction costs when using Alpari. Furthermore, Alpari ranks 41st out of 63 brokers in the Commissions and Fees category as assessed by ForexBrokers.com, making it a preferred option for many cost-conscious traders.
In contrast, FXGT.com offers slightly less competitive commissions and fees, reflected in its 3.5 out of 5-star rating. While detailed average spread information is not provided, the lower rating indicates potentially higher costs for trading in comparison to Alpari. FXGT.com is ranked 56th out of 63 brokers by ForexBrokers.com in the same category, suggesting there may be room for improvement in offering cost-effective trading conditions.
In summary, while both Alpari and FXGT.com provide online trading services, Alpari is rated higher for commissions and fees, potentially offering more economical options for traders. With Alpari's higher ranking and star rating, it could be the better choice for those prioritizing low fees and reasonable costs in their trading experience.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $20 | $5 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Alpari and FXGT.com both provide a platform for forex trading, offering the flexibility of trading through CFDs or spot contracts. FXGT.com leads slightly with 117 tradeable symbols compared to Alpari's 105. In the realm of forex pairs, FXGT.com provides access to 53 pairs, surpassing Alpari's 46. Neither broker offers the opportunity to invest directly in U.S. exchange-traded securities, such as Apple shares. However, Alpari does offer international exchange-traded securities like Vodafone, a feature not available on FXGT.com.
Both Alpari and FXGT.com enable copy trading and offer cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies. Despite their offerings, both brokers receive a modest three-star rating in Range of Investments. According to ForexBrokers.com rankings, FXGT.com is positioned slightly ahead at #61 out of 63 brokers, while Alpari follows at #63. This information highlights that, while both platforms have similar offerings, potential users might prefer FXGT.com for its slightly broader range of forex pairs and tradeable symbols.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 105 | 117 |
| Forex Pairs (Total) | 46 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 comparing Alpari and FXGT.com on their trading platforms and tools, both brokers offer a solid set of features to aid traders. Both Alpari and FXGT.com provide simulated trading with free demo accounts, ensuring users can practice before diving into live markets. While Alpari offers a proprietary platform developed in-house, FXGT.com does not but compensates with established platforms such as MetaTrader 4 and MetaTrader 5, which both brokers support. Both sites offer web-based platforms and downloadable Windows-based platforms, allowing for flexibility and convenience in trading. Additionally, they each provide copy trading capabilities, enabling traders to mimic successful strategies. However, neither broker supports DupliTrade or ZuluTrade.
Alpari and FXGT.com also offer traders unique features to enhance their trading experience. Both platforms allow direct trading from stock charts; however, FXGT.com leads slightly in charting tools with 23 drawing tools compared to Alpari's 15. Alpari takes the edge with more watch list columns, offering 7 to FXGT.com's 5. Despite these differences, both brokers are quite evenly matched in user ratings, each scoring 4 out of 5 stars. Ranking-wise, Alpari is placed at #55, while FXGT.com follows closely at #56 among 63 brokers in ForexBrokers.com's Trading Platforms and Tools category. The choice between the two depends mainly on individual preferences and specific trading needs.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Alpari and FXGT.com, both platforms offer iPhone and Android apps, enabling users to trade on the go. They also allow users to set stock or forex price alerts and provide the ability to draw trend lines and view various time frames within their charting tools. While both apps offer 30 technical studies, a key difference is that FXGT.com supports watchlist symbol syncing with the client’s online account, whereas Alpari does not. This feature makes it easier for FXGT.com users to maintain consistency between devices. Additionally, FXGT.com automatically saves drawings on charts, while Alpari does not, offering an added convenience for keeping track of market analysis.
Both Alpari and FXGT.com allow the creation of watchlists with real-time quotes, enhancing the overall trading experience. In terms of ratings, Alpari scores slightly higher with 4 out of 5 stars compared to FXGT.com's 3.5 stars. According to ForexBrokers.com, Alpari is ranked #56 out of 63 brokers for mobile trading apps, whereas FXGT.com is placed at #58. These rankings suggest that while both apps deliver essential trading features, Alpari holds a slight edge in user satisfaction and overall mobile trading experience.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Alpari and FXGT.com in terms of market research, both brokers offer unique features that cater to different trading needs. Alpari provides forex news updates from prestigious sources like Bloomberg and Reuters, which is an advantage for traders seeking high-quality financial information. Moreover, Alpari incorporates tools from Autochartist, a well-known firm in the realm of technical and fundamental analysis, enhancing a trader's ability to make informed decisions. However, Alpari does not feature a sentiment-based trading tool, as FXGT.com does, which displays the ratio of long or short positions across currency pairs – a helpful feature for traders looking to gauge market sentiment.
Both Alpari and FXGT.com offer an economic calendar, giving traders insights into current and upcoming global economic events. Despite these offerings, neither broker provides daily market commentary, tools from Trading Central or Acuity Trading, or market research from TipRanks. In terms of overall research capabilities, each broker is rated three out of five stars and occupies the lower ranks according to ForexBrokers.com, with FXGT.com slightly ahead at #56 compared to Alpari's #57. This comparison highlights how each platform serves different preferences in the trading community, with Alpari focusing on high-tier news and technical insights, while FXGT.com offers sentiment tools to aid trading strategies.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | No | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Alpari provides a richer selection compared to FXGT.com. Alpari offers over ten educational pieces focused on forex and CFDs, making it a suitable option for novices eager to learn. Additionally, Alpari boasts a collection of at least ten beginner-specific educational videos, which can be extremely beneficial for new traders. Alpari also offers an investor dictionary with over 50 investing terms, equipping newcomers with essential vocabulary for trading. In contrast, FXGT.com does not meet the benchmark of providing ten educational pieces or videos specifically tailored for beginners, although they do offer a similar dictionary.
Neither Alpari nor FXGT.com provides monthly webinars or an archive of previously recorded webinars, somewhat limiting the live interaction and continuing education opportunities for users. Despite differing offerings, both brokers receive the same education rating of three out of five stars. However, Alpari has a slightly better standing, ranking 48th out of 63 brokers in the Education category according to ForexBrokers.com, while FXGT.com is placed at 60th. This suggests that while both brokers can be suitable starting points, Alpari might offer a more beneficial educational experience for beginners.
| Feature |
Alpari
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Alpari is better than FXGT.com. Alpari finished with an overall rank of #58, while FXGT.com finished with an overall rank of #59.
Alpari is one of the first brokers to offer the MetaTrader platform glopbally before it became popular. The Alpari group of companies are regulated only in a few jurisdictions, putting the broker at a disadvantage compared to the most trusted brokers.
| Feature |
Alpari
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 68 | 69 |
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Both Alpari and FXGT.com do not provide the option to purchase actual delivered cryptocurrency, but they each offer the ability to trade cryptocurrency derivatives rather than the actual cryptocurrencies themselves.
When comparing the online brokers Alpari and FXGT.com, Alpari supports Skrill and both Visa or Mastercard, while FXGT.com offers ACH or SEPA transfers along with Visa or Mastercard, with both brokers facilitating transactions through bank wires but neither offering PayPal as an option.
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 | Alpari | FXGT.com | |
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| Trust Score | 68 | 69 | |
| Winner | check_circle | ||
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| Regulation | Alpari | FXGT.com | |
|---|---|---|---|
| Trust Score | 68 | 69 | |
| Year Founded | 1998 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 0 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Alpari | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | Alpari | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Alpari | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 105 | 117 | |
| Forex Pairs (Total) | 46 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | Alpari | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Alpari | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $20 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Alpari | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | Alpari | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Alpari | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Alpari | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | No | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Alpari | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Alpari | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | Alpari | FXGT.com | |
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| Trust Score | 68 | 69 | |
| Winner | check_circle | ||
| Review |
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