Alpari Review

Richard Montana | May 2, 2022

Alpari is an established broker with a global client base that can provide you with a range of flexible trading platforms, investor accounts, and trading tools. However, I believe that the regulation could be improved as could the number of trading instruments offered which are limited compared to other online brokers like AvaTrade.

Broker Pros / Cons
  • Financial Commission (FC) member
  • MetaTrader platforms; MT4 & MT5
  • Signals from Autochartist
  • PAMM accounts
  • News streamed from FxWirePro
  • Customer support available in over 30 languages
  • Clients from USA, Japan, Russia & more countries are not accepted
  • Limited trading instruments
  • Lack of comprehensive educational materials for traders
  • No fixed spread accounts
  • No FCA, ASIC or CySEC regulation


Alpari is a popular online broker with many years of trading experience. The brand was established in Russia in 1998 but has expanded its operations to a global reach. Today, Alpari boasts of millions of clients from several different countries.

The head office is located in Mauritius while other offices are in St. Vincent and the Grenadines, Russia, and Nigeria. I like how the broker also has several offices run by their partners in different countries to cater to the international community.

Alpari offers you forex and CFD instruments for trading on the MetaTrader platforms. Since they don’t offer crypto trading, I recommend you check out Vantage for your crypto needs. With a mission to ensure your safety, Alpari offers instant executions, competitive spreads and modern trading technology solutions.

Alpari has also been into sponsorships of athletes, professionals, and sports tournaments. Since 2005, the Alpari charitable fund has been providing support to orphans, children with chronic diseases as well as poverty-stricken families. So far, hundreds of children have been assisted with funds for medical treatment and thousands of families have been supported to help defeat poverty. I really appreciate it when a broker goes above and beyond for their social responsibilities.


Alpari International is owned by Exinity Ltd which is a financial investment company located in Mauritius. The firm is authorized and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.

Alpari Ltd is authorised and regulated by the Financial Services Authority (FSA) of St. Vincent and the Grenadines.

Alpari is a member of the Financial Commission (FC) which is an organization that resolves disputes between brokers and their clients. Aggrieved clients who approach the FC might claim up to €20,000 for each case won.

Your funds are properly kept in segregated accounts which Alpari maintains with first-class banks in Europe. Funds placed in segregated accounts are not used by Alpari to run its internal operations. It is segregated such that peradventure Alpari becomes bankrupt in the future, your deposits will be refunded.

All clients undergo a compulsory verification using Know Your Customer (KYC) procedures. When logged into the ‘MyAlpari’ clients’ area, you will be asked to provide a ‘proof of identity’ and a ‘proof of address’. I like this additional security feature as it prevents any fraudulent activity.

Alpari does not provide services to residents of some countries including the USA, Mauritius, Japan, British Columbia, Quebec, Saskatchewan Haiti, Suriname, the Democratic Republic of Korea, Russia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Tajikistan, Uzbekistan, Turkmenistan, Ukraine & Georgia. If Alpari is not accepted in your country, you can find alternative brokers through our broker comparison tool.


Alpari is proud to present you with the popular MetaTrader (MT) platforms. These are the MT4 and the MT5 trading platforms. These platforms were designed by the Cyprus-based Russian firm ‘MetaQuotes Software Corporation.’ The MT5 is the newer version of the MT platforms. However, I still prefer the MT4 as I find it more user-friendly with a simple user interface. Both versions are free for you to use and available as desktop applications, WebTrader and as mobile apps.

Alpari MT4 & MT5 platforms

Alpari MT4 & MT5 platforms

The application interface of both platforms is very similar, both on mobile and on computers. The major difference is that the MT5, being the newer version, has more features and capabilities than the older MT4. Let us explore some of the features of the MT platforms.

  • Supports the automation of strategies by using Expert Advisors (EAs) which can scan charts to identify trends and trade using inbuilt algorithms based on preconfigured parameters.
  • Access to the MT market where users can acquire signals, EAs, indicators and other tools to enhance their trading experience.
  • Multiple order types including pending orders and risk management. MT4 has 4 pending order types while MT5 has 6.
  • Inbuilt technical indicators for analysis. MT4 has 30 while the MT5 has 38.
  • Multiple charting over different timeframes. MT5 has 21 timeframes while the MT4 has 9.
  • One-click trading is available as well as trading from the charts.
  • The Market watch displays all the tradable assets’ quotes in real time.

Alpari Mobile App

This is the proprietary mobile trading app from Alpari. This app is all-encompassing as it can virtually do everything on the Alpari network. I like how it can be used for trading, monitoring, and analysis. The app is designed for both Android and iOS devices. You can download it from your respective app store. It is free to download and use.

Alpari Mobile App

Alpari Mobile App

The only snag I found is that it cannot trade the markets on its own. Rather, it starts up the MT4 or MT5 mobile app whenever the ‘Trading’ button is tapped. You can check out other best trading apps if this is a dealbreaker for you.

Here is a summary of the features of the app:

  • It is integrated with ‘MyAlpari’ clients’ area of the broker website where clients can create new accounts, make deposits and withdrawals.
  • Market news from FXWirePro is streamed on the platform.
  • Live support via chat, phone and other channels.
  • Real time market quotes.
  • Live economic calendar is embedded into the platform.
  • Market reviews from expert analysts.

MetaTrader Mobile App

The MT4 and the MT5 mobile apps are very similar. They have similar tabs, features, and interfaces. The primary difference I found is that the newer MT5 has more features just like the desktop version. The apps are developed for iOS and Android devices and can be downloaded from the respective app stores. Some of the features are:

  • Intuitive platform, simple and fast.
  • The ‘quotes’ tab displays the assets list with their ‘bid and ask’ prices in real time.
  • The charts tab displays the instrument charts in 3 styles and 9 timeframes.
  • Inbuilt technical indicators and analytical objects are available.
  • All order types can be placed, adjusted or closed from the apps.


PAMM Accounts

Alpari creates an opportunity for you to bring in your funds for money managers to trade on your behalf. This PAMM service has made Alpari very popular because it has attracted thousands of investors from all over the world.

You can choose from the list of PAMM accounts that are arranged according to age, the number of investors, ranking, and returns. After choosing a PAMM account, you can invest and monitor the accounts. At present, there are thousands of PAMM accounts to choose from. Though I have to warn you that past performance is by no means a guarantee of future performance.

The ‘Alpari invest’ app is an Android and iOS app that was designed by Alpari to help investors to manage their investment portfolios.

Alpari Invest Mobile App

Alpari Invest Mobile App

For those of you who need managed accounts, FXOpen are worth considering as alternatives.

Trading Signals

This service is found within the MetaTrader platform. You are provided with the opportunity to either become signal providers or to copy signals from other traders. Signal providers are rated within the MT4 or MT5 platforms. You can choose from different traders and strategies that you would like to copy. The payable subscription fee is stated by the signal provider. I have to reiterate that past performance is by no means guarantee of future performance.

Currency Converter

This calculator converts one currency to another using the prevalent currency rates. It can easily give you an idea of how much your investment is worth in your local currency.

Market Reviews

The market analysis section of the website is updated frequently. I like how it takes a look at some selected instruments and their price action history while also making future predictions.

Alpari Market Reviews

Alpari Market Reviews

Forex Economic Calendar

This is provided by FXStreet and it is available in 17 languages. FXStreet is a popular online financial research firm that provides you with forex news, analysis, and other tools. The economic calendar also shows you the dates and times of economic activities in about 50 countries. I like how they’ve catered to the international community as well by doing so. These are events that impact the values of the currencies and exchange rates.

Alpari Economic Calendar

Alpari Economic Calendar

News from FxWirePro

FxWirePro is a renowned financial analysis and research firm that provides you with frequently updated market news, expert analysis, and trading tools.

Alpari CopyTrade

This is Alpari’s social trading tool that enables you to replicate the strategies and trade positions of another trader called a ‘Strategy Manager’. I like how there is a list of strategy managers along with their performance statistics to assist you to make a choice.

Alpari CopyTrade

Alpari CopyTrade

The Strategy Managers earn through commissions paid by their copiers. You can have access to CopyTrade with as little as $100. Again, I must emphasize that past performance is by no means a guarantee of future performance.


The MT4 and MT5 platforms provided by Alpari come with the Autochartist already installed in the platforms. This tool provides you with free trading signals by recognizing patterns on the charts. My favorite feature is how it automatically analyzes the charts and gives you its predictions. I also like how Autochartist is customizable to your specifications.

Alpari Autochartist

Alpari Autochartist


The Alpari website contains several articles on forex trading. There are articles introducing newcomers to forex trading by explaining certain basic terms. There are also articles on forex trading strategies, technical indicators, and trader psychology. I think they could improve by offering a proper training academy that has structured lessons arranged according to trader levels. I also couldn’t find a trading glossary or any tutorial videos. You can check out Admirals for a better variety of educational resources.


When compared to other brokers, I found Alpari to have a limited number of tradable assets. Only the forex majors, minors, and exotics are available for trading. In total, there are approximately 56 forex currency pairs, 3 spot metals, 14 spot CFDs, and 4 cryptocurrencies. I highly recommend checking out IC Markets for a better range of assets for trading.


Alpari provides you with a variety of trading accounts to choose from. All accounts are grouped into either standard or ECN accounts. They are available via the MT4/MT5 platforms or both. If you’re looking to trade on other platforms, I recommend checking out our best trading platforms list.

Micro Account

This is the cent account designed for beginner traders who do not want to risk much of their capital. I like how the opening deposit is just $5. Though I’m not too keen on the fact that spreads start from 1.7 pips and the maximum leverage is 1:400. I recommend you check out LMFX for better trading conditions. This account is only available on the MT4 and can trade only forex and metals.

Standard Account

This is the main account designed for active traders. I like that the minimum deposit is only $100 while the leverage goes up to 1:1000. Orders are instantly executed and the spread starts from 1.2 pips. This account is available only on the MT4 platform.

ECN Account

This account can give you access to the ECN style trading. This is my personal favorite style of trading. The account opening balance is $500 and all orders are executed at the market. I like how this account provides spreads that begin at 0.4 pips and leverage up to 1:1000. A commission of $1.5/lot per side is charged. This account is available on both the MT4 and MT5 trading platforms.

Pro MT4 Account

This account is specifically created for professional and experienced traders. The initial account opening deposit is $25,000. I don’t like how they only offer a leverage up to 1:300 despite requiring a large initial deposit. The spread starts from 0.4 pips. No commissions are charged on trades and the account is available on the MT4 platform.


The Alpari customer support team works from Monday to Friday. I appreciate that the support team speaks over 30 languages. This helps in bringing in international clients. You can reach them through email, telephone, and chats. The chatting communication channels are Viber, Telegram, Facebook chat, UK chat, and instant web chat. You can also reach them through their social media platforms which include Facebook, Twitter, YouTube, and Instagram. I would’ve appreciated it if their support team was available on weekends as well. You can check out Bold Prime for 24/7 customer support.


In all fairness to Alpari, account funding options is an area they really excel in. You can make deposits and withdrawal using a generous range of payment options. This includes the standard bank transfer and card payments you would expect from most brokers along with a variety of digital wallets. They even support cryptocurrencies which not many brokers do. KOT4X being another example. I personally prefer using eWallets as I can get quicker access to my funds which is important if I need to act fast on some market news.

The available funding options for you to choose from include the following:

  • Bank Wire transfers: You can transfer funds directly to the broker’s bank accounts in GBP, USD or EUR. It would’ve been nice to see more currencies being accepted. It generally takes 3-5 days for the bank transfer process to complete for me. $30 is charged for withdrawals.
  • Credit/Debit Cards: Visa, Maestro, and Mastercard are accepted for payments and withdrawals. China Union Pay Cards are accepted in CNY from Chinese clients. I like how there are no deposit fees but I’m not too keen on the fact that the withdrawal commission is 2.5%
  • Online Payments: The online payments available are Skrill, Neteller, FasaPay, TC Wallet, BitPay, WebMoney, VLOAD, and PerfectMoney. I found most electronic payments to be processed instantly. However, withdrawals may take up to 24 hours or less.
  • Local Transfers: This payment option is available for selected areas where Alpari has offices or local representatives. The areas available are Afghanistan, Palestine, Indonesia, Pakistan, Latin America, Nigeria, Malaysia, Iraq, Vietnam, Thailand, China, etc. I find that most local transfers are processed within 24 hours without any commissions.
  • Crypto Payments: The available cryptocurrencies are Ethereum, Litecoin, Zcash, and Bitcoin. I like how no commissions are charged on these deposits and it takes up to 24 hours to complete.
Alpari Payment Options

Alpari Payment Options


To open a trading account, you have to visit the Alpari website and click on ‘Register’. Next, you have to fill out the form that displays.

Alpari Account Opening Form

Alpari Account Opening Form

A code is sent to your entered phone and email address for verification purposes. You have to use it to complete the registration. On successful completion, you are logged into ‘MyAlpari’ which is the clients’ area.

You will be prompted to complete the registration by filling out more forms. You can start trading in 4 steps by completing the profile, opening accounts, making deposits, and then commence trading. I like how they’ve made the registration process quite easy to understand. I did not have any problem during the signup process myself.


What is the Alpari minimum deposit?

The minimum deposit amount required to start trading at Alpari is $5.

How do I deposit money into Alpari?

At Alpari, traders can fund their accounts using any of the following deposit options: wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, TC Wallet, BitPay, WebMoney, VLOAD, PerfectMoney, and cryptocurrency.

What are Alpari’s deposit fees?

Alpari do not charge any deposit fees on traders’ accounts.

What are Alpari’s deposit fees?

Alpari do not charge any deposit fees on traders’ accounts.

How do I withdraw money from Alpari?

You can withdraw funds from your Alpari account through wire transfer, credit/debit cards, Skrill, Neteller, FasaPay, TC Wallet, BitPay, WebMoney, VLOAD, PerfectMoney, and cryptocurrency.

What are the Alpari withdrawal fees?

Alpari does not charge any withdrawal fees, but your issuing bank may charge a commission deductible from your account.

What is the Alpari commission fee?

Alpari offers low commission fees, ranging from $0 to $3.

Are there any Alpari inactivity fees?

Alpari also charges an inactive fee of 5 EUR/USD/GBP. The inactivity fee is charged on inactive accounts after a prolonged period of time. It is usually deducted from the clients’ account balance.

What are the Alpari account types?

Alpari offers various live trading account options, including Micro account, Standard account, ECN account, and Pro account.

Is there an Alpari demo account?

Yes, Alpari provides clients with a demo account that is preloaded with virtual funds to help new clients get acquainted with the broker’s platform before funding their live trading accounts with real money. Trading on a demo account is a simple way that Alpari clients can learn how to trade effectively without risking any of their funds.

What are the Alpari spreads?

Alpari has low floating spreads, starting from 1.2 pips on the Micro account, 1.7 pips on the Standard, and 0.4 pips on the ECN and Pro accounts.

What is Alpari leverage?

Alpari has a leverage of up to 1:1000 available for clients who qualify.

Do Alpari allow hedging, scalping, news trading & automated trading?

Yes, Alpari do not impose any specific restrictions on trading styles. Therefore, all trading strategies and styles are welcome, including automated trading, hedging, and news trading.

Is there an Alpari Islamic account?

Yes, Alpari Islamic Account offers an Islamic account for Muslim faith traders. The Islamic accounts are usually designed for Muslim clients who cannot pay commission fees due to their religious beliefs.

What are Alpari trading instruments?

Alpari clients can trade and invest in forex, cryptocurrencies, metals, and CFDs.

How do I open an Alpari live account?

Visit the Alpari website and click on the ‘Register’ button to open a trading account. Then fill out the account application form and submit it.

How do I verify my Alpari account?

You can verify your Alpari account by providing proof of identification and up-to-date proof of address, no more than six months old.

What is Alpari’s trading platform?

Alpari provides traders with the MT4 and MT5 trading platforms. These are advanced trading platforms that are available in desktop, web, and mobile versions.

Where can I download the Alpari platform?

You can download the Alpari trading platforms directly from the broker’s website or the relevant iOS and Android app stores.

Where is Alpari located?

Alpari is headquartered in Mauritius.

Is Alpari regulated?

Yes, Alpari is regulated and authorized by the FSC and FSA.

What countries does Alpari not accept?

Alpari services are not available in countries where the offer of such products is prohibited or restricted by laws.

Is Alpari a scam?

No, Alpari is not a scam. The broker has been since 2019 and is authorized by various regulatory authorities.

How can I contact Alpari support?

You can contact the Alpari support team 24/5, Monday to Friday, through email, telephone, online chat, and social media.


Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker


Alpari is a multiple award-winning broker that has been around for several years. The brand is regulated in multiple jurisdictions and serves clients from several countries. I like how the broker has multiple payment methods which include localized payments for different countries and jurisdictions. This shows that they really put their clients above all else.

You are given direct market access (DMA) via the ECN accounts which are available on MetaTrader platforms. I prefer the MT4 and MT5 platforms due to their simplicity, scalability, flexibility, and reliability. I like how they also provide Demo and Cent accounts for tyro traders.

Alpari also provides you with Autochartist, trading signals, expert analysis, and other tools to assist you in making your trade decisions. PAMM and investor accounts are also available if you prefer to invest your funds in other traders.

I don’t like how Alpari only has offshore regulators as these are inferior to that of the FCA, ASIC, or CySEC. Most traders and experts advise against trading with offshore regulated brokers. You can check out the best forex brokers for brokers with better regulations. I found the assets listing of Alpari to be very small compared to that of top-tier brokers like IG. I believe improvement is much needed on the training resources provided as many people prefer video lessons like those provided by Fortrade.

In summary, I found Alpari to be an experienced, award-winning, and popular trading broker. However, I believe the brand could improve in certain areas in order to compete with competitors like Pepperstone within the online broker industry.

Alpari Logo

Min $5 Deposit

Alpari is an established broker with a global client base, range of flexible trading platforms, investor accounts & trading tools. However, regulation could be improved as could the number of trading instruments offered.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.


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