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XM Group vs Alpari 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between XM Group and Alpari? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, XM Group ranks more highly than Alpari.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.

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Compare

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Overall Rating XM Group Alpari
Overall Rating 8.4 / 10 6.8 / 10
Account Type XM Group Alpari
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Copy Trading XM Group Alpari
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency XM Group Alpari
Cryptocurrency (Physical) info No No
Cryptocurrency (CFD) Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) XM Group Alpari
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) XM Group Alpari
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments XM Group Alpari
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No No
U.S. Stocks (CFD) info Yes No
Trading Platforms XM Group Alpari
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses XM Group Alpari
Tier-1 Licenses info 2 0
Australia (ASIC Authorised) info Yes No
Canada (SRO Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
USA (CFTC Authorized) info Yes No
Tier-2 Licenses info 1 0
Tier-3 Licenses info 1 1
Research, Education XM Group Alpari
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes No
Autochartist info No Yes
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info No No
Trading Costs XM Group Alpari
Minimum Deposit info $5 $20
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
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
Trading Tools XM Group Alpari
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors XM Group Alpari
Year Founded info 2009 1998
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes No info
Trust Score info 90 67
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XM Group vs Alpari Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs Alpari.

Can I trust XM Group?

XM Group has a trust score of 90, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Alpari?

Alpari has a trust score of 67, giving it a "High Risk" trust label.

Is XM Group a good broker?

XM Group is known for its robust educational materials and quality market research, though its range of markets and overall trading costs trail behind the best MetaTrader brokers.

Is Alpari a good broker?

Alpari is one of the oldest MetaTrader brokers, and an early pioneer of social copy-trading. Best known in Eastern Europe, Alpari offers a small but growing selection of CFD markets and platform tools, but lacks regulatory licenses in top-tier jurisdictions.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. XM Group is Australia (ASIC Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized), while Alpari is none.. Neither have Canada (SRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, XM Group is Cyprus (CySEC Authorised), while Alpari is none.. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses XM Group is Belize (FSC Authorised), while Alpari is Mauritius (FSC Authorised).. Neither have Bahamas (SCB Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

For trading platforms XM Group supports a Desktop Platform (Windows), whereas Alpari supports a Proprietary Platform and Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade

Does XM Group offer MetaTrader? Does Alpari offer MetaTrader?

Both XM Group and Alpari offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do XM Group and Alpari differ in terms of minimum deposit? What about average spreads and funding options?

XM Group requires a minimum deposit of $5, while Alpari requires a minimum deposit of $20. From our testing we found XM Group offers spreads of 1.6, while Alpari offers spreads of N/A. Both XM Group and Alpari offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits.. Neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, XM Group or Alpari?

XM Group offers a more diverse selection of investment options than Alpari allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD).. Neither have Spread Betting and ETF Looking at total tradeable symbols, XM Group has 1429, compared to 105 from Alpari.

Can I trade cryptocurrency with XM Group or Alpari?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither XM Group nor Alpari allow you to trade physical cryptocurrencies.

Who offers more research tools, XM Group or Alpari?

In terms of research and research tools XM Group gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Alpari has the tools listed here: Autochartist, Forex News (Top-Tier Sources) and Social Trading / Copy Trading.

Broker Reviews

Still looking for more information, read our broker reviews.

XM Group Review

Alpari Review

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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