Alpari vs XM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Alpari or XM?
Our pick: XM
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - XM looks preferable to Alpari.
XM scored 4.2/5 and ranks 30 in our all Forex brokers list, whereas Alpari has 4.1/5 and ranks 42.
This is not financial advice. See the full comparison below.
Who is Alpari suitable for?
Alpari is suitable for both beginners and professional traders, thanks to a wide selection of accounts, instruments, and educational programs.
Who is XM suitable for?
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
Comparison Table of Alpari and XM
| Broker | Alpari | XM |
|---|---|---|
| Rating | 4.1/5 | 4.2/5 |
| Foundation Year | 1998 | 2009 |
| Regulated in Countries | Comoros, Belarus | Belize, Cyprus, Australia, United Arab Emirates |
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | Alpari Review | XM Review |
Alpari Review
Alpari has established itself as a stable and reliable broker, providing its services on Forex for over 20 years. The broker is widely popular among professional traders due to its wide range of trading accounts and instruments and convenient and practical services for investing—PAMM accounts and portfolios. Beginning traders will find quality support, training courses, and favorable trading conditions at Alpari.
Overall, Alpari is an excellent choice for beginners and professional traders.
Pros and Cons of Alpari
Pros
- A wide range of trading accounts.
- Flexible conditions for depositing and withdrawing funds.
- Diversity of trading platforms.
Cons
- Licensing in the Comoros does not provide the same level of investor protection as in countries with stricter regulators.
- Fees for fund withdrawal and inactivity charges.
- Limited choice in terms of different asset classes.
Alpari is in the top 10 of the following ratings:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inconsistency in technical support.
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | Alpari | XM |
|---|---|---|
| Reliability | 4/5 | 5/5 |
| Foundation Year | 1998 | 2009 |
| Regulated in Countries | Comoros, Belarus | Belize, Cyprus, Australia, United Arab Emirates |
| Regulators | MISA MISA НБ РБ НБ РБ | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
Alpari
Alpari is regulated in the Comoros Islands and Belarus, providing a certain degree of client protection. However, Comorian licensing does not offer the same level of investor protection as countries with stricter regulatory bodies.
XM
XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
Account Opening
| Broker | Alpari | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
|
|
Alpari
Alpari's registration and account opening process is quite straightforward, convenient, and relatively fast.
XM
Opening an account with XM Group is straightforward and quick.
Account Types
| Broker | Alpari | XM |
|---|---|---|
| Account Types | 4.8/5 | 4.3/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0 points | from 0 points |
| Max Leverage | 1:3000 | 1:1000 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
Alpari
Alpari offers a wide selection of trading accounts that should meet the needs of most traders and investors.
Pros
- ECN and cent accounts available
- PAMM accounts and copy trading options
- Binary options trading accessible
Cons
- No fixed spread accounts available
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels.
- Flexible trading conditions (leverage, deposit).
- Specialized accounts for stock trading.
Cons
- No fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | Alpari | XM |
|---|---|---|
| Commissions | 3.2/5 | 2.5/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.7 | 1.7 |
| Commission per Lot | $2.70 |
Alpari
Alpari offers average trading commissions, but potential withdrawal fees and inactivity charges may deter some clients.
Pros
- Low transaction fee for ECN accounts
- Loyalty program (CashBack)
Cons
- Spreads slightly above market average
- Inactivity fee for accounts
XM
XM's commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
Deposit and Withdrawal
| Broker | Alpari | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
|
|
Alpari
Alpari offers very flexible and competitive conditions for depositing and withdrawing funds, making it an attractive choice for traders.
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals.
- A minimum limit of only 5 dollars.
- Quick processing of withdrawal requests.
Cons
- No cryptocurrency deposit/withdrawal options.
Markets and Products
| Broker | Alpari | XM |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 46 | 55 |
| Precious Metals | 2 | 3 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 50 |
| Stocks | 631 | 1307 |
| Cryptocurrency | 9 | 58 |
| Soft Commodities | - | 8 |
Alpari
The overall selection of assets available for trading with Alpari broker offers a diverse range that can satisfy the needs of most traders. However, there is no option to trade CFDs on exchange commodities.
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs.
- Access to CFDs on various assets.
- The ability to trade cryptocurrencies.
Trading Platforms
| Broker | Alpari | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
|
|
Alpari
Alpari offers a wide range of trading platforms that will undoubtedly meet the needs of most traders. The terminals provide traders with a full set of tools and resources necessary for effective trading.
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile).
- MultiTerminal for managing multiple accounts.
- WebTrader for browser-based trading.
Cons
- No alternatives to MetaTrader.
Analytics
| Broker | Alpari | XM |
|---|---|---|
| Rating | 3/5 | 5/5 |
Alpari
Alpari provides daily expert market analysis, offering valuable insights for traders.
Pros
- In-depth daily reports.
- Expert analysis on market events.
Cons
- Limited range of analytical tools.
- Lack of real-time signals.
XM
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | Alpari | XM |
|---|---|---|
| Rating | 2/5 | 4.5/5 |
Alpari
No educational materials in English.
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars.
- Available in different languages.
- Daily online sessions with experts.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | Alpari | XM |
|---|---|---|
| Rating | 3/5 | 4/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
YouTube
Telegram
Дзен
Twitter
LinkedInAlpari
Alpari's support has diverse contact options but lacks consistent quality and transparent service hours.
Pros
- Multiple contact methods.
- International phone support.
Cons
- No clear support hours.
- Mixed client reviews.
XM
XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
Comparisons of Alpari and XM with other brokers
Conclusion
XM stands out as the better overall pick, while Alpari trails on aggregate criteria.
XM scored 4.2/5 and ranks 30 in our rating; Alpari has 4.1/5 and ranks 42.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Alpari or XM?
XM comes out ahead by overall rank (score 4.2/5, position 30) versus Alpari (score 4.1/5, position 42).
Which broker is better for beginners: Alpari or XM?
XM is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — Alpari or XM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Alpari and XM?
Alpari: MetaTrader 5, MetaTrader 4. XM: MetaTrader 5, MetaTrader 4. See the “Platforms” section for details and selection tips.
What markets can you trade with Alpari and XM?
Alpari: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. XM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Alpari and XM?
Alpari: standard.mt5, standard.mt4, ECN, PRO ECN. XM: Standard, Micro, XM Ultra Low, Shares. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Alpari and XM?
Alpari: Perfect Money, VLoad, Volet, WebMoney, Касса24, Neteller, Wallet One, Skrill, TC Pay, Swift, Visa, Mastercard. XM: Neteller, Skrill, WebMoney, Perfect Money, SticPay, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Alpari or XM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
