Compare Alpaca Trading vs FXTM


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against FXTM!

Alpaca Trading vs FXTM
overall rating
4.6
4.2
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Superb customer service
  • Great educational tools
  • Digital and fast account opening
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • High CFD fees
  • Inactivity and withdrawal fees
  • Limited product portfolio
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
3.1
  • Low forex fees
  • Low financing rate
  • Withdrawal fee
  • High CFD fees
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • User-friendly
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
3.7
  • Credit/Debit card available
  • No deposit fee
  • Quick deposit and withdrawal - within 3 days
  • Most of the withdrawal options have a fee
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
desktop trading platform
  • Limited order types
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Stock
  • ETF
2.4
  • Stock
  • Forex
  • CFD
  • Crypto
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
3.8
  • Quality news flow
  • User-friendly
  • Technical analysis-based trading ideas
  • No fundamental data available
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Negative balance protection
  • Regulated by top-tier FCA
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders interested in algorithmic stock trading Forex traders familiar with the MetaTrader platform
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