Head to head
Alpari vs WM Markets
Alpari has no licence we could confirm on a regulator's register. WM Markets has no licence we could confirm on a regulator's register. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.
Minimum deposits start at $30 at Alpari and $50 at WM Markets. Only WM Markets offers negative balance protection and segregated client money.
Facts last checked: Alpari on 20 October 2026, WM Markets on 20 October 2026.
Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.
Comparing
Alpari
WM Markets
Overview
Founded
1998
Not yet checked
Headquarters
Fomboni, Mohéli, Comoros
Fomboni, Mwali (Comoros)
Official websites
- alpari.com
- wmmarkets.com
- en.wmmarkets.com
Facts last checked
20 October 2026
20 October 2026
Regulation and protection
Company you would contract with
No licence listed
No licence listed
Regulation level
No licence listed
No licence listed
Licence number
No licence listed
No licence listed
Clients this company serves
No licence listed
No licence listed
All licences held
None listed
None listed
Costs
Your monthly cost
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Leverage and margin
Up to 1:3000 (ECN and Pro ECN); 1:1000 on Standard; 1:500 on Micro
Up to 1:2000 (dynamic, set per instrument)
Retail leverage by asset class
- Micro account: Up to 1:500
- Standard account: Up to 1:1000
- ECN and Pro ECN accounts: Up to 1:3000 (floating)
Not yet checked
Stop-out level
20% on Micro and Standard; 50% on ECN and Pro ECN
20%
Account
Minimum deposit (this account)
No accounts listed
No accounts listed
Platforms and features
Platforms
- MetaTrader 4
- MetaTrader 5
- Alpari trading app
- MetaTrader 4
- MetaTrader 5
- WM Markets mobile app
- MT4 WebTrader
Markets
Forex, metals, indices, commodities, cryptocurrencies, stocks, ETF, futures and crosses CFDs
CFDs on forex, metals, indices, energies, commodities, treasuries, shares, ETFs and cryptocurrencies
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Not yet checked
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked
Deposits and withdrawals
Deposit methods
- Debit or credit card
- Bank wire
- E-wallet
- Cryptocurrency
- Local payment methods
Not yet checked
Withdrawal fee
Varies by method; the fee is taken from the amount withdrawn
Not published; the agreement allows transfer-related and termination fees
Inactivity fee
Not yet checked
Accounts with no trading for six months are disabled and may pay maintenance charges (amount not published)
Support
Customer support
Live chat, chatbot, messengers and phone helpline
24/5 multilingual support by live chat
Our notes
Strengths
- Four account types, from a $30 Micro account to a raw-spread Pro ECN account
- Commission-free Micro, Standard and ECN accounts
- MetaTrader 4 and 5, PAMM investing and a demo account
- Negative balance protection is written into the client agreement
- The agreement says client money is kept apart from the company's own funds
- Says it holds a client funds insurance policy of up to $1,000,000
Watch out for
- Says it holds Mwali International Services Authority (MISA) licence T2023236; we could not confirm it on MISA's register on 2026-10-20, because the register sits behind a bot check
- No licence from a strict regulator; not available to UK or EU residents
- We found no statement on its site about segregated client money or negative balance protection
- Leverage up to 1:3000, and deposit bonuses that come with conditions
- Says WM Markets Ltd holds MISA licence BFX2024009; we could not confirm it on MISA's register on 2026-10-20 (the register blocked automated access).
- The agreement gives the company a lien over client assets and lets it pledge or reinvest assets held for clients
- Leverage up to 1:2000, and payment methods and withdrawal fees are not listed on the public website
- Inactive accounts are disabled after six months and may be charged maintenance fees that are not published
Choose at least one broker above to start comparing.
Risk warnings
The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:
- Alpari: Before trading, you should ensure that you've undergone sufficient preparation and fully understand the risks involved in margin trading.
- WM Markets: Contracts for Difference (CFD) are complex financial instruments carrying a substantial level of risk and may not be suitable for all investors, as may result in the loss of all invested capital rapidly due to leverage. You should consider whether you understand how CFDs work, your investment objectives, level of experience, risk appetite, and, if necessary, seek advice from an independent financial advisor.
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Other head-to-head pages
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- Alpari vs XChief
- Alpari vs XM
- Alpari vs XS.com
- AMarkets vs WM Markets
- AvaTrade vs WM Markets
- Axi vs WM Markets
- AYA Markets vs WM Markets
- CapitalXtend vs WM Markets
- CG FinTech vs WM Markets
- CMC Markets vs WM Markets
- CPT Markets vs WM Markets
- DeltaFX vs WM Markets
- ePlanet Brokers vs WM Markets
- Errante vs WM Markets
- eToro vs WM Markets
- Exness vs WM Markets
- FIBO Group vs WM Markets
- FP Markets vs WM Markets
- FXCM vs WM Markets
- FxPro vs WM Markets
- HYCM vs WM Markets
- IC Markets vs WM Markets
- IFC Markets vs WM Markets
- IG vs WM Markets
- Interactive Brokers vs WM Markets
- Inveslo vs WM Markets
- Investizo vs WM Markets
- ITBFX vs WM Markets
- LiteFinance (LiteForex) vs WM Markets
- Markets4you vs WM Markets
- OANDA vs WM Markets
- OneRoyal vs WM Markets
- Opofinance vs WM Markets
- Orbex vs WM Markets
- Pepperstone vs WM Markets
- Plus500 vs WM Markets
- Saxo vs WM Markets
- STB Provider vs WM Markets
- Swissquote vs WM Markets
- ThinkMarkets vs WM Markets
- Tickmill vs WM Markets
- Trendo vs WM Markets
- Vittaverse vs WM Markets
- Wingo Markets vs WM Markets
- WM Markets vs XChief
- WM Markets vs XM
- WM Markets vs XS.com
Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.
Nothing on this page is financial advice. Read the full disclaimer.