Alpari is a well-known brand for online trading and exists for many years. With more than years of experience in investing and financial trading, we will test this Forex Broker. In the next section you will get a professional overview of the conditions, trading platform, and service for Alpari clients. Is it really worth investing money in this company? – Find out in our trusted review.
Alpari is one of largest and most experienced forex brands in the world. The brand has over 2 million clients in the world, operates from 8 different countries and offers its services in over 10 languages. Alpari is regulated by FSC Mauritius. The company offers Gold, Silver, Bitcoin and currency pairs for trading on MetaTrader 4 and MetaTrader 5 platforms. With its dynamic new broker Alpari International, you’re trading with a global broker that is second to none.
Alpari International works day and night to sustain a trading environment that helps everyone access the markets – from first-timers to those who’ve turned trading into a career. The perfect example of this is in the kind of spreads it offers – which is the first thing every serious trader looks at. For the EURUSD pair, for example, Alpari International offers 0.9 on Standard accounts and an incredible 0.1 on ECN accounts. That’s super competitive against some of the biggest brokers out there.
Its broad range of services enable you to get the best guidance, advice and resources to potentially build a richer future. Alpari International provides a forex trading environment that is trustworthy, reliable and technologically advanced, while ensuring every client receives impeccable customer service.
|Minimum Trade Size:||0.01|
|Address:||5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, VC0100, Mauritius|
|Contact:||firstname.lastname@example.org, +442 080 896 850|
|Regulators:||FSC Mauritius #C113012295, FC|
|Tradable Assets:||Currencies, Commodities, Indices, Stocks|
|Trading Desk Type:||ECN, STP|
|Cryptocurrencies:||(5+) Bitcoin, Litecoin, Ethereum|
|CFD:||(10+) Gold, Silver, Stock Indexes, Oil|
|Minimum to Open Live:||$5|
|Deposit & Withdrawal Methods:||Bank Wire, VISA, MasterCard, BitPay, FasaPay, Neteller, Skrill, UnionPay, WebMoney|
|Accepts US Clients:||NO|
Facts about the Alpari Group:
- Founded in 1998 in Russia
- International online broker which offers leveraged financial products (forex & CFDs)
- Over 2 million clients
- 8 global offices around the world
- Start trading with only $/€/£ 5
Investor Protection & Regulations:
“Alpari International is a trading name of Exinity Ltd which is authorised and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius. The company is also a member of the independent Financial Commission’s Compensation Fund.”
Alpari International is the business name of Exinity Ltd which is authorised and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, as confirmed on the FSC Register of Licensees below:
According to the Exinity Ltd Client Agreement which can be found online on Alpari International’s website, the broker provides further protection to clients by:
- Segregating client funds from their own funds.
- Offering a negative balance protection policy.
- Being a member of The Financial Commission and its Compensation Fund.
Regulation of the broker: Is Alpari International regulated?
This brokerage company was indeed launched in 1998 and first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. Alpari is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body. It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. This sanction did not, however, put the broker out of the running.
Nowadays Alpari switched the regulation authorities to some offshore and well-known countries where are a lot of online brokers are based. Because of it, Alpari International can provide its clients with high leverage. For example, see the license of the Financial Commission below:
The company is regulated by the Financial Commission in category A which includes € 20,000 coverage for complaints. It is an independent authority which is regulating and testing brokers.
In addition, Alpari International is regulated by the FSC (Financial Services Commission) in Mauritius. It is an official forex dealer license that allows Alpari to offer financial products. See the picture below:
In conclusion, the regulation shows us that Alpari is a legal company that is allowed to offer financial products to traders. From our experience, fraud can be excluded by reviewing the history of the company and the regulations.
“Alpari International offers four main types of trading accounts called Standard MT4, Micro MT4, ECN MT4/MT5 and ECN Pro MT4. The broker also offers an online Stock Trading account, as well as Islamic swap-free accounts and the use of a free demo trading account.”
Alpari International offers four main types of trading accounts that come with different features and benefits but suitable for both the beginner and advanced traders. Some of the features are listed below:
|STANDARD MT4||MICRO MT4||ECN MT4/MT5||ECN PRO MT4|
From 1.2 pips
From 1.7 pips
|$1.5/lot, per side|
From 0.4 pips
From 0.4 pips
|Markets||Majors, Minors, Exotics, RUB – 61|
Spot Metals – 5
Spot CFDs – 14
|Majors, Minors – 25|
Spot Metals – 2
|MT5: Majors, Minors, Exotics, RUB – 57|
Spot Metals – 2
Spot CFDs – 13
|54 FX pairs|
Alpari International also allows deposits in Nigerian Naira (NGN) (For residence in Nigeria) with different deposit amounts and limitations per account. More details can be found on their website.
Opening an account with the broker is a simple process by clicking the ‘Register’ tab, located on the top right of their website. This then leads to a registration page which asks for name, country, email and password. Users are then redirected to the My Alpari Client Portal area to complete the registration which includes employment information, source of funds and more.
From here, users can open and manage trading and investing accounts, access deposit and withdrawal options, education, promotions and Alpari CopyTrade. However, users will need to verify their profile first with proof of identity and proof of address documents.
Alpari International does not provide services to residents of the USA, Mauritius, Japan, Haiti, Suriname, the Democratic Republic of Korea, Russia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Tajikistan, Uzbekistan, Turkmenistan, Ukraine, Georgia, New Zealand, Canada and Iran.
Deposit & Withdrawals options:
“Alpari International offers a wide variety of payment options across a wide range of currencies, such as Bank Wire Transfer, Debit/Credit Cards, Neteller, Skrill, vLoad, WebMoney, PerfectMoney, FasaPay, GlobePay, Bitcoin and many others.”
When depositing funds with Alpari International, there are various funding methods available which are commission-free. The methods are detailed on the broker’s website, as shown below:
There are also local payment options for Pakistani Local Transfers, Mexican Local Transfer, Turkish Local Transfer, Indonesian Local Transfer and more.
While deposits are commission-free, there are commissions for some withdrawal methods. A full list can be found on the broker’s website or from the Client Portal Area. This area allows users to perform both deposit and withdrawals and it also lists the fees, such as the withdrawal section below shows:
What’s the Alpari trading experience like?
1) Platforms and apps
Alpari is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here. Alpari also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
2) Executing Trades
With Alpari, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Alpari offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments. You can see the latest margin requirements on their website.
Finally, we’ve listed some of the popular funding methods that Alpari offers its traders below.
|Trading Features:||Accounts offered:||Funding methods:|
|Allows scalping||Mini account||Credit cards|
|Allows hedging||Standard account||Bank Transfer|
|Offers STP||ECN account||Neteller, Skrill, Crypto|
|Low min deposit||Islamic account||Many More:|
3) Client support
Alpari support a wide range of languages including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish.
4) What you’ll need to open an account with Alpari
As Alpari is regulated by FSA (Saint Vincent and the Grenadines) , every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Alpari’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.