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XM Group vs Alpari 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is XM Group better than Alpari? In our analysis of 23 international regulators across 62 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 88 out of 99. Alpari is considered High Risk, with an overall Trust Score of 68 out of 99. Learn more about Trust Score.

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Overall Rating XM Group Alpari
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 68
Winner check_circle
Review XM Group Review
Broker Screenshots XM Group Alpari
Trading Platforms Gallery (click to expand) info
zoom_in XM Cyprus MT5 desktop trading platform order windowzoom_in XM Cyprus MT5 desktop trading platform watchlistzoom_in zoom_in
Mobile Trading Gallery (click to expand) info
XM MetaTrader 5 mobile trading appzoom_in XM MetaTrader 5 mobile trading app chartszoom_in XM MetaTrader 5 mobile trading app contract specificationszoom_in XM MetaTrader 5 mobile trading app economic calendarzoom_in XM MetaTrader 5 mobile trading app trade ticketzoom_in XM MetaTrader 5 mobile trading app watchlistzoom_in
Research Gallery (click to expand) info
XM global research web sentiment datazoom_in XM MT5 signals marketzoom_in XM research trading signals analyzerzoom_in XM research economic calendarszoom_in XM research articles market news and analysiszoom_in XM research articleszoom_in XM research podcastzoom_in
Education Gallery (click to expand) info
XM educational videos playlistzoom_in XM TV videoszoom_in zoom_in
Regulation XM Group Alpari
Trust Score info 88 68
Year Founded info 2009 1998
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes No info
Tier-1 Licenses info 4 0
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group Alpari
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes No info
Tier-2 Licenses (Trusted) XM Group Alpari
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments XM Group Alpari
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 105
Forex Pairs (Total) info 55 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 XM Group Alpari
Average Spread EUR/USD - Standard info 1.6 info N/A info
All-in Cost EUR/USD - Active info 0.8 info N/A info
Active Trader or VIP Discounts info No Yes
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding XM Group Alpari
Minimum Deposit info $5 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms XM Group Alpari
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools XM Group Alpari
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group Alpari
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info No No
Forex Calendar info Yes Yes
Research XM Group Alpari
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education XM Group Alpari
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs XM Group Alpari
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review XM Group Review
Overall XM Group Alpari
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4.5/5 Stars 3.5/5 Stars
Trust Score info 88 68
Winner check_circle
Review XM Group Review
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XM Group vs Alpari Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare XM Group vs Alpari.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by four tier-1 regulators (highly trusted), one tier-2 regulator (trusted), zero tier-3 regulators (average risk), and one tier-4 regulator (high risk). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), European Union Authorized (MiFID), and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust Alpari?

Alpari is not publicly traded and does not operate a bank. Alpari is authorised by zero Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is Alpari good?

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.

What is the minimum deposit requirement for opening an account with XM Group?

To open a forex trading account with XM Group, you'll need to make an initial minimum deposit of $5.

What is the minimum deposit requirement for opening an account with Alpari?

XM Group requires a minimum deposit of $20 before you can open an account and start trading forex.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both XM Group and Alpari offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Does XM Group or Alpari offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that XM Group offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is XM Group or Alpari safer for forex and CFDs trading?

At ForexBrokers.com, we track over 100 international regulatory agencies to help you choose the most well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that XM Group holds 4 global Tier-1 licenses, while Alpari holds 0. XM Group holds 1 global Tier-2 licenses, while Alpari holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that XM Group (88) earned a higher Trust Score than Alpari (68).

Which trading platform is better: XM Group or Alpari?

To compare the trading platforms of both XM Group and Alpari, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XM Group offers a better experience. With research, XM Group offers superior market research. Finally, we found XM Group to provide better mobile trading apps.

Here’s what trading platforms are available at XM Group:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No
zoom_in XM Cyprus MT5 desktop trading platform order windowzoom_in XM Cyprus MT5 desktop trading platform watchlistzoom_in zoom_in

Here’s what trading platforms are available at Alpari:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both XM Group and Alpari offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. XM Group and Alpari both offer copy trading.

What can I trade with each broker?

XM Group provides traders 55 currency pairs (e.g., EUR/USD) compared to Alpari's 46 available pairs. If you are interested in trading CFDs, XM Group offers traders access to 1429 CFDs, while Alpari offers access to 105 CFDs; so XM Group offers 1324 more CFDs than Alpari.

We found in our testing that XM Group offers a more diverse selection of investment options than Alpari, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative) and Social Trading / Copy Trading. Neither have Cryptocurrency (Physical) and Spread Betting.

Overall winner: XM Group

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announcementPlease 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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