Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts
for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Alpari vs XM.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Alpari and XM hold a 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. XM is regulated in a major hub while Alpari is not. Neither Alpari and XM are publicly traded companies. How many currency pairs are available to trade? XM offers its clients access to 57 different currency pairs while Alpari has 48 available pairs, a difference of 9.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Both Alpari and XM offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both brokers offer clients access to the same number of charting tools, 31. Both Alpari and XM provide clients with access to 51 total indicators (eg, moving averages).
Overall, both Alpari and XM hold a 3.50 star rating. And, when it comes to individual category awards, neither Alpari nor XM were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.