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 it comes to comparing the commissions and fees of online brokers TMGM and Alpari, both platforms offer competitive options for traders, but with some notable differences. TMGM receives a 4 out of 5 stars rating for its fee structure and ranks #36 out of 63 brokers according to ForexBrokers.com. Meanwhile, Alpari also holds a 4-star rating but is ranked slightly lower at #41.
For traders using TMGM, there are two main account types: the spread-only Classic account and the commission-based Edge account. The Edge account is particularly attractive due to its low cost structure, charging a commission of $3.50 per side ($7 per round trip) along with low spreads, although recent average spread data for the EUR/USD isn't currently available. Furthermore, Islamic finance customers who require Sharia-compliant accounts can opt for the swap-free Edge account, as this feature isn't available for the Classic account.
Alpari, on the other hand, does not provide average spread data, which can be a downside for traders looking to make a detailed assessment of overall trading costs. Despite this, Alpari maintains its 4-star rating, reflecting a reasonable balance between fees and trading value, though it's slightly behind TMGM in the overall rankings for commissions and fees.
| 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 it comes to the range of investments offered by online brokers, TMGM and Alpari provide distinct options to cater to different trading preferences. TMGM is notable for its extensive selection of 12,000 tradeable symbols and 62 forex pairs, making it a promising platform for traders looking for diversity. Both TMGM and Alpari allow forex trading through CFDs or spot contracts and offer copy trading and cryptocurrency derivatives, providing a broad spectrum of investment possibilities. However, TMGM does not offer exchange-traded securities on international exchanges, unlike Alpari, which provides access to shares on such platforms.
Comparing ratings and rankings, TMGM scores 4.5 out of 5 stars for its range of investments, with ForexBrokers.com placing it at 17th out of 63 brokers in this category. Alpari, while offering similar forex and cryptocurrency trading options, lags behind with a 3-star rating and ranks at the bottom, at 63rd, for its range of investing opportunities. Despite both platforms not supporting the purchase of actual cryptocurrencies or U.S. exchange-traded securities, TMGM's wider range of tradeable symbols might appeal more to traders seeking variety in their investment portfolios.
| 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 cater to traders seeking versatility and functionality in online trading platforms, offering features such as free virtual demo accounts to explore simulated trading. While TMGM supports popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), it does not have its own proprietary trading platform. In contrast, Alpari offers a proprietary platform developed in-house, alongside its support for MT4 and MT5. Both brokers provide Windows-based desktop download platforms and web-based browser trading platforms, ensuring convenience and accessibility for users regardless of their device preferences.
For traders keen on charting tools, TMGM and Alpari match up evenly, each supplying 15 drawing tools. While neither offers platforms such as DupliTrade or ZuluTrade, they both allow traders to execute trades directly from stock charts and have ample options for watch list customization, with seven columns available. Additionally, both brokers support copy trading, further enhancing user options. Even though TMGM is ranked slightly higher than Alpari in ForexBrokers.com's Trading Platforms and Tools category, both receive solid four-star ratings, reflecting their capabilities in addressing traders' platform needs.
| 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.
When comparing the mobile trading apps of TMGM and Alpari, both brokers provide applications compatible with iPhone and Android devices. They facilitate effective trading on the go with key features such as price alerts and the ability to draw trendlines on stock or forex charts. While each app supports up to 30 technical studies for charting and enables users to view multiple time frames, both apps fall short in not offering watchlist symbol syncing between the mobile app and the online account.
Furthermore, both TMGM and Alpari allow users to create watchlists with real-time quotes, enhancing the real-time trading experience. However, a noticeable difference is that TMGM's app automatically saves chart drawings, a feature not available with Alpari. Despite each app being rated 4 out of 5 stars for mobile trading, TMGM stands slightly ahead in the industry rankings at #47 compared to Alpari's #56. Overall, traders can expect functional and reliable performance from both brokers’ mobile apps, but TMGM may offer a slight edge in user experience due to 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 offerings, TMGM and Alpari both provide valuable tools, but they cater to slightly different needs. TMGM stands out with its daily market commentary and a variety of research tools such as Trading Central's technical analytics and sentiment-based trading tools. Investors benefit from TMGM's collaboration with high-profile news providers like Bloomberg and Reuters for up-to-date forex news. Additionally, TMGM includes Acuity Trading's Signal Centre and maintains an economic calendar for global events, providing investors with a comprehensive view of market dynamics.
In contrast, Alpari excels with the inclusion of Autochartist tools, offering robust technical and fundamental analysis options. However, it does not provide daily market commentary or sentiment-based analytics. Like TMGM, Alpari keeps traders informed with top-tier forex news and an economic calendar, yet it lacks partnerships with services like Trading Central or Acuity Trading. Overall, TMGM earns a slightly higher research rating of 3.5 stars compared to Alpari's 3 stars, and is ranked 53rd out of 63 brokers, while Alpari stands at 57th, reflecting TMGM's broader research services.
| 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 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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| 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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