Alpari vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 35 of 40 facts confirmed on the brokers’ own pages
TMGM has the higher TFB Score (65/100 vs 58/100). Alpari is regulated by MISA; TMGM by ASIC, VFSC, FSA. TFB Score: Alpari 58/100, TMGM 65/100.
Alpari, founded in 1998, is a trading name of Parlance Trading Ltd, licensed by the Mwali International Services Authority (an offshore regulator), offering Micro, Standard, ECN and Pro ECN accounts on MetaTrader 4, MetaTrader 5 and the Alpari app.
TMGM is an Australian-founded CFD broker (since 2013) offering MetaTrader 4 and MetaTrader 5 with EDGE (spreads from 0.0 pips plus commission) and CLASSIC (spreads from 1.0 pips, no commission) accounts, operating through entities regulated by ASIC, the VFSC, the FSA Seychelles, the FSC Mauritius and the CMA Kenya.
Side by side
| Item | Alpari | TMGM |
|---|---|---|
| TFB Score | 58/100 | 65/100▲ |
| Regulation & safety | 10/35Strongest licence MISA (tier 3) | 23/35▲1 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 16/25▲Spreads from 0 pips; commission not comparable in USD per lot | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 16/20▲Minimum deposit $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN), 5 deposit methods, 5 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 16/20▲MT4, MT5; leverage up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | 15/20MT4, MT5; leverage up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | MISA | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.0 pips (Pro ECN); 0.8 pips (ECN); 1.2 pips (Standard; Micro from 1.5 pips) | Not published |
| Commission | None on Micro, Standard and ECN; Pro ECN forex $2.5 per lot traded | Not published |
| Max leverage | Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Bank transfers, Debit and credit cards, E-wallets, Local payment methods, Cryptocurrency | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: Alpari review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is Alpari or TMGM better?
TMGM has the higher TFB Score (65/100 vs 58/100). The best choice depends on your country, platform and payment method.
Are Alpari and TMGM regulated?
Alpari: MISA. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, Alpari or TMGM?
Alpari holds no tier-1 licence; TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at Alpari and TMGM?
Alpari: $30 (Micro); $100 (Standard); $300 (ECN); $500 (Pro ECN). TMGM: $100 (EDGE and CLASSIC). Alpari asks for less to start.
Do Alpari and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. Alpari: MetaTrader 4, MetaTrader 5, Alpari Mobile App. TMGM: MT4, MT5.
What is the maximum leverage at Alpari and TMGM?
Alpari: Up to 1:3000 (ECN and Pro ECN, Parlance Trading Ltd). TMGM: up to 1:1000 (international entities; 1:30 for the Australian entity). Leverage depends on the company that opens your account and on your country.
More Alpari comparisons
More TMGM comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning