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 | 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.
Comparing TMGM vs Alpari for range of investments: TMGM offers about 12,000 tradeable symbols and 62 forex pairs, while Alpari lists roughly 105 symbols and 46 forex pairs. Both brokers let you trade forex as CFDs or spot. For shares, neither broker lets you buy U.S.-listed stocks outright, but Alpari does allow direct purchases of certain international shares, whereas TMGM does not. Both provide copy trading. Neither lets you buy actual crypto, though each offers cryptocurrency derivatives.
On ratings, TMGM scores 4.5/5 for Range of Investments and ranks 18th in ForexBrokers.com’s category, while Alpari scores 3/5 and ranks 64th. In short, TMGM suits traders seeking a much wider selection of markets and forex pairs, whereas Alpari may appeal if you want access to select exchange-traded international shares despite a smaller overall lineup. If you need U.S. stocks or delivered crypto, you’ll need a different broker.
| 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.
TMGM and Alpari both check the key boxes for trading platforms and tools. Each offers a free demo account, copy trading, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus both web-based and Windows desktop platforms. Alpari also provides an in‑house proprietary platform, while TMGM sticks to third‑party options. For charting, both brokers let you trade directly from charts, include 15 drawing tools, and support watchlists with 7 columns; the exact count of built‑in technical indicators isn’t specified for either. Neither broker supports DupliTrade or ZuluTrade.
In expert evaluations, both TMGM and Alpari earn 4 stars for Trading Platforms and Tools. However, TMGM ranks #49 out of 63 brokers at ForexBrokers.com, while Alpari ranks #56. If you want access to a proprietary platform alongside MetaTrader, Alpari has that extra choice; if you prefer a straightforward MetaTrader lineup, TMGM fits the bill. Either way, both offer user-friendly ways to test strategies with a demo and place trades from your charts.
| 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.
TMGM and Alpari both offer iPhone and Android apps with the essentials traders expect: price alerts, real-time quote watchlists, trendline drawing, multiple time frames, and 30 built-in technical studies for charting. Neither app syncs watchlist symbols with the web platform. The key difference is that TMGM’s app auto-saves your chart drawings, while Alpari’s does not—handy if you switch screens or come back later and want your annotations intact.
Both brokers earn 4 stars for Mobile Trading Apps, but TMGM holds a higher spot in ForexBrokers.com’s rankings (#48 out of 63) compared with Alpari (#57). If saving chart work matters and you want a slightly better-ranked app, TMGM has the edge; otherwise, both deliver similar core features on iPhone and Android.
| 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.
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 | 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 | |
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by online brokers TMGM and Alpari, beginners might find Alpari more appealing due to its extensive educational materials. Alpari shines with a rich collection of over 10 educational pieces that include articles, videos, and archived webinars specifically focused on forex and CFDs. Additionally, they house more than 10 beginner-friendly educational videos. TMGM, on the other hand, does not offer the same breadth in these areas but does provide a searchable archive of recorded webinars, which can be a helpful tool for those who prefer learning at their own pace.
Both TMGM and Alpari supply comprehensive investor dictionaries containing over 50 investing terms. However, neither broker offers frequent educational webinars or advanced educational videos for experienced traders. Despite this, TMGM edges slightly ahead with a 3.5-star rating for education versus Alpari's 3-star rating. According to ForexBrokers.com, TMGM ranks 54th, while Alpari ranks 48th out of 63 brokers for educational offerings, reflecting Alpari's broader range of learning resources for novices seeking to understand trading fundamentals.
| 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 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
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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 |
| Broker Screenshots | TMGM | Alpari | |
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| Broker Gallery (click to expand) |
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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) | |||
| 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/Central Bank 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. 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 | ||
| 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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