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 |
Comparing commissions and fees, both TMGM and Alpari earn 4 out of 5 stars. TMGM is ranked #37 out of 63 brokers for this category by ForexBrokers.com, while Alpari sits at #42 out of 63. Cost transparency is a key difference: recent average spread data for TMGM’s EUR/USD wasn’t available, and Alpari likewise does not publish average spread data—making side-by-side cost estimates harder.
TMGM offers two pricing setups. The Classic account is spread-only, while the Edge account combines low spreads with a small commission of $3.50 per side ($7 per round trip) and no requotes. For many cost-focused traders, the Edge account will likely be the more appealing option. TMGM also notes that swap-free (Islamic) accounts are available only on the Edge plan, not the Classic. Even so, the lack of current average spread figures—especially for EUR/USD—means you’ll want to check live or demo pricing to gauge total costs.
Alpari’s commissions and fees picture is less clear because it does not provide average spread data. With a 4-star rating and a #42/63 ranking for commissions and fees, Alpari may still be competitive, but you’ll need to verify real-time spreads and any applicable commissions or swaps on a live or demo account to estimate your true trading costs.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average spread (EUR/USD) - Standard account | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
TMGM offers a much wider range of investments than Alpari, listing about 12,000 tradeable symbols versus Alpari’s 105, and 62 forex pairs compared with 46. Both brokers support forex trading via CFDs or spot, include copy trading, and provide cryptocurrency CFDs (but not actual, delivered crypto). Neither broker offers U.S.-listed exchange-traded stocks; however, Alpari does give access to some exchange-traded securities on international exchanges, while TMGM does not.
For investment variety, TMGM is rated 4.5 out of 5 stars and ranks #18 out of 63 brokers in ForexBrokers.com’s Range of Investments category. Alpari is rated 3 out of 5 stars and ranks #64 out of 63. In short, TMGM suits traders seeking a larger symbol list, while Alpari may appeal if you want access to certain non-U.S. exchange-traded shares.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 105 |
| Forex Pairs (Total) | 62 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing TMGM vs Alpari for trading platforms and tools, both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with Windows desktop downloads and web-based platforms. TMGM sticks to third-party platforms and does not offer its own proprietary platform, which suits traders who prefer the familiar MetaTrader experience. Alpari, on the other hand, adds a proprietary platform alongside MT4 and MT5, giving clients another interface choice without losing access to MetaTrader.
Both TMGM and Alpari provide free demo (paper) trading, copy trading, and the ability to place trades directly from charts. Through MT4/MT5, each broker offers popular technical indicators and customizable watch lists. For Trading Platforms and Tools, both are rated 4 stars; in ForexBrokers.com’s 63-broker comparison, TMGM ranks #49 while Alpari ranks #56. If you want a MetaTrader-only setup, TMGM is straightforward; if you want MetaTrader plus an in-house platform option, consider Alpari.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
TMGM and Alpari both deliver mobile trading apps for iPhone and Android, and each supports price alerts. Their charting tools are evenly matched with 30 technical studies and the ability to draw trendlines. One shared drawback is that neither app syncs watchlists with the client’s online account, so changes you make on mobile won’t carry over to the web platform.
The key difference is chart annotations: TMGM’s app auto-saves your drawings, while Alpari’s does not. Both are rated 4 out of 5 stars for Mobile Trading Apps, yet TMGM holds a higher category ranking (#48 of 63) than Alpari (#57 of 63) on ForexBrokers.com. If saving chart work and a slightly stronger standing matter to you, TMGM has the edge; otherwise, Alpari remains a comparable choice for on-the-go trading.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
TMGM vs Alpari: For market research, TMGM stands out with daily market commentary, plus forex news from top-tier sources like Bloomberg or Reuters and an economic calendar—features Alpari also offers, except for the daily commentary. TMGM provides Trading Central tools and a sentiment indicator that shows the long/short split, while Alpari counters with Autochartist for trade ideas. Both brokers deliver timely news and calendars to track events, helping traders stay informed.
TMGM also includes research from Acuity Trading (e.g., Signal Centre). Our data does not specify whether Alpari integrates TipRanks or Acuity Trading. Overall, TMGM earns 3.5/5 stars for Research and ranks 54th out of 63 brokers at ForexBrokers.com, while Alpari scores 3/5 stars and ranks 58th. If you want daily commentary, Trading Central, and sentiment tools in one place, TMGM is appealing. If you prefer Autochartist-driven signals, Alpari could suit your style.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing TMGM and Alpari for beginner education, Alpari stands out for video-based learning: it offers at least 10 beginner videos on trading topics, while TMGM does not. Neither broker hosts monthly educational webinars, and neither provides 10 or more advanced-level videos, so traders seeking ongoing live sessions or deep expert material may need to look elsewhere. For newcomers who like step-by-step video lessons, Alpari’s library can be more appealing.
In expert reviews, TMGM earns 3.5 out of 5 stars for Education but ranks #54 out of 63 brokers, while Alpari earns 3 stars and ranks higher at #48. In practice, that means TMGM is rated a bit better on education overall, yet Alpari’s placement suggests its offering, especially for basic videos, may be easier to access or more complete for first steps. If you want a stronger beginner video lineup, try Alpari; if you prioritize a slightly higher education score, TMGM is worth a look—keeping in mind neither runs monthly webinars.
| Feature |
TMGM
|
Alpari
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 #58.
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
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 83 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
TMGM vs Alpari: neither online broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency trading via CFDs.
TMGM vs Alpari: both online brokers do not offer ACH or SEPA transfers for deposits or withdrawals, and the availability of PayPal, Skrill, Visa/Mastercard, and bank wire options is not specified.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | TMGM | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | Alpari | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| 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) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | TMGM | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 105 | |
| Forex Pairs (Total) | 62 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | TMGM | Alpari | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | TMGM | Alpari | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | TMGM | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | TMGM | Alpari | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Alpari | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | TMGM | Alpari | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TMGM Review |
| Overall | TMGM | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 83 | 68 | |
| Winner | check_circle | ||
| Review | TMGM Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill
