Alpari Review 2023

Stop United States not accepted.

Go to the Brokers List for alternatives

Alpari offer forex, CFD and binary options trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.

Bonus30% up to $100 (terms apply)
InstrumentsCFD, Forex, Crypto, Binary Options
Demo AccountYes
Min. Deposit$5
Payment Methods
Min. Trade0.01 Lots
Regulated ByFSC of Mauritius, SEBI, JFSA
MetaTrader 4Yes
MetaTrader 5No
Trading CentralNo
STP AccountNo
ECN AccountNo
DMA AccountNo
MAM AccountNo
PAMM AccountYes
LAMM AccountNo
Demat AccountNo
Mobile AppsiOS, Android and Windows
Margin TradingNo
Volatility IndexNo
Spot TradingYes
Perpetual SwapsNo
AI / Machine LearningNo
Robo AdvisorNo
P2P TradingNo
Negative Balance ProtectionNo
VPS HostingNo
Demo CompetitionsYes
Managed AccountsNo
Market MakerNo
Auto TradingVia Copy Trading choices
Social TradingNo
Copy TradingNo
Islamic AccountYes
Account Currencies
  • USD
  • EUR
  • GBP
  • CZK
  • NGN
Guaranteed Stop LossNo
  • Gold
  • Natural Gas
  • Silver
CFD TradingYes
CFD FTSE Spread13
CFD GBPUSD Spread0.7 var
CFD Oil Spread4 pts
CFD Stocks SpreadVariable
CFD Leverage1:400
Forex TradingAlpari International offer forex over a huge range of pairs including Major, minor and exotic pairs. All with competitive spreads and laddered leverage.
Forex GBPUSD Spread0.7 (var)
Forex EURUSD Spread0.4 (var)
Forex EURGBP Spread0.6 (var)
Forex Assets50+
Crypto TradingYes
Crypto LendingNo
Crypto StakingNo
Crypto MiningNo
Crypto Auto Market MakerNo
Binary OptionsAlpari offers fix contracts on major markets with various contract types and payouts available.
Payout Percent80%
Expiry Times30 seconds - 4 hours
Ladder OptionsNo
Boundary OptionsNo
Risk Warning – Your capital is at risk

Alpari Review. Alpari International are a global forex and CFD broker. Our detailed review explains everything from the MT 4 and MT 5 trading platforms to specifics like minimum deposit, bonus and account types information. We highlight the Alpari Group regulation status and explain whether the brand offer a sound investment for traders, whether they are beginners, experienced traders or professional.

Key takeaways

  • Alpari is an interesting alternative for trades who wants to be able to huge large leverage.
  • The broker offers fee-free deposits as well as free ways to withdraw money.
  • They offer a free unlimited demo account.
  • Trading through MetaTrader4.
  • Offer regular and ECN accounts.
  • Deposit money using VISA, Mastercard, Bank transfer, Skrill, Neteller, WebMoney, FasaPay, Perfect Money, bitcoin and more.
  • Commissions free trading, Low spreads. From 0.4 pips
  • Offer very high leverage. 1:1000 in a standard account. 1:400 in a micro account.
  • Mobile app for Android and iOS.
  • Regulated by the Financial Services Commission of Mauritius, the Securities and Exchange Board of India, and the Financial Services Agency in Japan
  • Up to 30% bonus on deposit.

Trading Platform

Alpari International operates a web-based MetaTrader 4 and MetaTrader 5 platform, with a dealing desk. Both platforms will provide a great level of flexibility, including modern and intuitive charting tools and simple navigation.

There are 4 possible platform versions to choose from iOS, Android, Desktop and WebTrader. These are ideal for those who are just getting started in trading.

If you are a more experienced trader and are looking for higher volumes of trades, the Alpari International Direct platforms are available.

This enhanced platform is ideal for advanced investors, as there are a variety of additional features available.

If you open an MT4 MicroAccount, you will have access to instant order execution, with margin calls at 50% and stop outs set to 30%. The standard MT4 account also offers instant execution, however, margin calls are set slightly higher at 60%.

For more experienced traders, the ECN accounts may be more appealing. These offer margin calls of 100%, although pending orders are set at a maximum of 300.


This broker offers access to a decent variety of popular financial markets:

Alpari are a brand that have suffered some damage to their reputation during previous ownership. While the current performance is much better, the historical issues persist, and we would not recommend Alpari here at

Popular Alternatives To Alpari

eToro USA Securities
Invest $100 and get $10
79% of retail investor accounts lose money.

How to Trade on Alpari

As an individual trader, you don’t need to physically own an asset, such as a commodity, to gain from it. You can buy or trade a security, then profit from changes in its price through various financial instruments. We have summarised the different trading vehicles available on the Alpari platforms:

It’s always important to remember, however, that losses can occur with each investment vehicle so you should always trade responsibly.

Spreads & Commission

Alpari International offer spreads on major currency pairs of just 0.4 pips, which are some of the tightest on the market. The spreads available on trades will depend on the type of account held. The micro MT4 account offers spreads starting from just 1.7 pips when trading major Forex pairs.

If you choose to open a standard MT4 account, these traders are offered spreads from 1.2 pips on major Forex pairs. If you are a more experienced trader, the ECN account spreads start at just 0.4 pips for majors.

If you are a professional trader looking to trade individual stocks, you will need to open the ECN Pro account. There is no commission charged on this account, compared to the ECN account which charges $3 per lot round trip.


The maximum leverage amounts offered will depend on the type of account traders hold. For example, the MT4 MicroAccount offers a maximum available leverage of 1:400. Whereas, the ECN account and the standard MT4 account offer a maximum available leverage of 1:1000.

The 1000 to 1 leverage amount will reduce as the notional trade size of open positions increased. It the total notional value reaches $8 million; the leverage will fall to a minimum level of 25 to 1. If you plan on trading cryptocurrencies and individual stocks, due to regulatory rules the maximum leverage offered is less.

Full leverage details are available on the site.

Alpari International do advise that some multiplier levels and certain products are not available to those located in EEA countries. This is due to legal restrictions on traders in these locations.

Mobile App

It is possible to download either the MetaTrader 4 or MetaTrader 5 app through the app store. Both platforms are available for iOS and Android. The MetaTrader 4 app offers features such as 3 possible chart views and 30 trading indicators. In contrast, the MetaTrader 5 app provides financial news updates, market depth information and a full set of orders.

Alpari Trading Platforms MT4 and MT5
Alpari Trading Platforms MT4 and MT5

Payment Methods

Alpari International offers a quick and secure depositing process. The following methods are accepted for deposits and withdrawals:

The processing time will depend on the individual payment method. If several banks are involved in a wire transfer of funds, it can take up to 3 to 5 days for funds to reach your Alpari International trading account.

For withdrawals to electronic payments systems, the payment will usually be processed within 1 working day. To improve security, the first time you make a withdrawal you will need to verify your identity with the payments department. They will contact you through your registered email or via the phone number registered on your account.

The majority of withdrawal methods do not require commission fees to be paid. Although, there are some charges for electronic wallets ranging from 0.5% to 2%. All bank wire transfers are charged a fee of EUR 30.

Alpari International Forex Automated Trading

Demo Account

There is a free demo account available, which can be used as a risk-free way to learn how to trade without depositing any funds. You will have access to both the MT4 and MT5 platforms, where you will be able to test out a variety of popular trading strategies.

Your demo account will be loaded with virtual funds, so you can take a practical approach to learning the art of trading.

Deals and Promotions

They are known for running regular promotions for their clients, such as the long-running loyalty cashback program. Every lot which a client trades results in them receiving a cash rebate. There are five possible rebate levels, with each rebate able to be withdrawn as cash.

It is worth checking the promotions area regularly, as new offers and incentives are often available. For example, they offer top-up credit to some deposits on a regular basis. This could see your deposits boosted by up to 30%. If you are unsure whether you are eligible for a particular promotion, take a look at the detailed terms and conditions.

Regulation and Licensing

Alpari International is one of the most trusted brokerage groups, with a well-established history spanning more than 20 years. They are fully regulated by The Financial Services Commission of The Republic of Mauritius, via their parent company Exinity Limited. Their investment dealer licence number is C113012295.

They do offer negative balance protection, so if a market changes quickly against your current trade, your account won’t fall into a negative balance.

As a member of The Financial Commission, there is an external dispute resolution process available. If a claim is made in the trader’s favour, you will have access to up to compensation to a maximum amount of EUR 20,000.

Additional Features

If you are new to trading, lack confidence or are short of time, you could benefit from the Alpari Copy Trading feature.

This will offer the same thrill of trading, although your account will automatically copy the moves of the experienced traders using the platform. It is possible to view the Alpari International Top Ranking Strategy Manager, which will display a list of potential traders to follow. These are known as strategy managers and their trade moves can be instantly copied to your own account.

If you are looking to learn the basics of trading, there are a variety of trader education tools. Simply open the ‘Learn to Trade’ tab and you will find articles such as ‘The Beginner’s Guide to Trading’.

The brokerage services are available to many countries around the world, although the following are currently excluded; Georgia, Ukraine, Turkmenistan, Uzbekistan, Tajikistan, Moldova, Armenia, Kyrgyzstan, Kazakhstan, Belarus, Azerbaijan, Russia, the Democratic Republic of Korea, Suriname, Haiti, Japan, Canada, New Zealand, Mauritius and the USA.

Alpari CopyTrade
Alpari CopyTrade

Account Types

In addition to the demo account, there are 4 account types which will use real money. These are divided into standard accounts and the enhanced accounts, which are known as ECN types.

The standard accounts are available as a basic option, known as the MT4 MicroAccount and the standard MT4 account, both offer market-maker execution. The accounts for more experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution.

Although the range of accounts is offered freely, there are certain trading markets which are closed to some accounts. Whichever account you choose it is possible to use one of four base currencies;

By accepting Nigerian Naira, Alpari International clearly demonstrate their commitment to making trading more accessible. Nigeria is a significant market for the brand.

Company Details

Alpari International was founded in Mauritius in 1998 and has grown to become an important platform with the trading industry. The current refreshed brand was introduced in 2013, as a new and exciting chapter for the group. With more than 20 years in the market, Alpari International has grown across the world.

This global trading giant has more than 2 million clients and aims to offer a modern and dynamic platform for every trader. The easy to use website and range of 250 trading instruments have opened up the brand to traders of every experience level.

As you would expect from a reputable brand they are regulated by the Financial Services Commission (FSC).


One of the main benefits of trading with Alpari International is the competitive trading conditions, which are designed to appeal to both beginners and experienced traders.

This means financial markets are available to even the smallest investors, who are able to deposit a minimum of 5 EUR. They also offer competitive leverage spreads and margins. For example, a standard account holder will have floating leverage from 1:1000. Note, the margins in the commodity futures market are lower than with equity futures and options.

Benefits for advanced or professional traders include improved spreads, a loyalty scheme and the facility to become a Strategy Manager and share in the volume of trades created. The impressive range of commodities, which is an independent asset class, also offer good opportunities for portfolio diversification.

Our review was also pleased to see the broker offers binary options, known as fix contracts. These are great for beginners, offering a straightforward ‘yes or no’ proposition. New traders can get started with just 1 USD and the brand’s binary options products are available on both the desktop and mobile trading platform.

Alpari Strategy Manager
A Leading Alpari Strategy Manager


If you are thinking of using the popular Strategy Managers tool to copy trades, there are charges involved. To select one or more strategy managers, you will need to pay EUR/USD/GBP 100, which could be a barrier for those just starting out in trading and looking to make small deposits.

In addition, the terminology used with the Copy Trading tool could be difficult for a novice trader to understand. Although, Alpari International does offer a simpler explanation for many of the most important terms.

They do not provide research tools through their platform, which can make it difficult to follow the market information. Although the MetaTrader 5 platform does offer some short news articles which can aid research.

Alpari also recently stopped offering trading on cryptocurrencies, this will be a significant drawback for some.

Trading Hours

The broker offers the following trading times for the various instruments (GMT):

Customer Support

Alpari International has a great reputation for offering excellent services to their satisfied customers. They are particularly good at offering help and guidance through the live chat, email and phone service. It is also possible to view their website in 9 languages, including Chinese, Persian and English.

The customer support team are based in Mauritius and are available 24 hours a day from Monday until Friday. Although for urgent queries they do open on a Sunday afternoon.

There is also a live chat service available.

Safety and Security

All payments processed through the site are handled by a secure payment provider, which ensures personal details are safe and secure. The card transactions are processed through Al Accept Solutions Limited and FR Global Services Ltd.

The registration process is designed to be quick and easy, simply click the ‘Register’ tab, which is located in the top right of the website. You will be asked to enter your details, which is then followed by a PIN verification which is sent to your registered phone or email address. Once verified you will be able to login to your account and complete your profile.

When you register for either a demo account or a full paid account, you will need to provide personal and financial information. As part of this process, you will need to prove your residency and identity by providing documents such as a passport, utility bills, National ID or bank statements.

If at a later date you close your Alpari account, they will hold your details on file for a further 7 years.

To protect your personal and financial data, Alpari International adheres to strict security standards and uses the latest security technologies.

Alpari Verdict

Whether you are a first-time trader or an experienced professional, the wide range of accounts and possible features will appeal to many.

The latest platform is user-friendly and offers a quick registration process. They are also committed to offering advice and guidance to traders, so continue to remain an attractive option for many modern traders.

Alpari is a popular choice for investors who are looking for some of the lowest margins when trading Forex. If they can move on from the regulatory and insolvency issues under previous ownership, there is a solid product underneath.

Accepted Countries

Alpari accepts traders from Australia, Thailand, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Alpari from United States, Ukraine, Georgia, Japan, Canada, New Zealand, Haiti, Suriname, Azerbaijan, Turkmenistan, Uzbekistan, Armenia, Kyrgyzstan, Mauritania, United Kingdom.

Compare Alpari

Compare Alpari with similar brokers that accept traders from your location. Among available brokers these are the most similar to Alpari:

  1. World Forex – World Forex offers commission-free trading with a $1 minimum deposit and 1:1000 leverage. Digital contracts are also available, offering beginners a straightforward way to speculate on popular financial markets.
  2. Videforex – Videforex accepts deposits in a range of cryptos and fiat currencies. Payouts reach 98% per trade.
  3. RaceOption – RaceOption is a binary options and CFD platform offering trading contests and prize giveaways.
  4. IQCent – IQCent is an offshore binary options and CFD broker with 10+ payment methods and a $50 minimum deposit. Clients benefit from copy trading tools and in-depth market analysis.

Alpari Comparison Table

Compare Alpari With Similar Brokers
Alpari World Forex Videforex RaceOption IQCent
Rating 3.8 4 3.5 3.5 3.7
Markets Forex, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto Forex, Stocks, Commodities, Crypto
Demo Account Yes Yes Yes Yes Yes
Minimum Deposit $5 $1 $250 $250 $50
Minimum Trade 0.01 Lots 0.01 Lots ¢0.01 ¢0.01 $0.01
Regulators FSC of Mauritius, SEBI, JFSA SVGFSA IFMRRC
Bonus 30% up to $100 (terms apply) 100% Deposit Bonus 20% to 200% Deposit Bonus 20% – 200% Deposit Bonus 20% to 200% Deposit Bonus
Education No No No No No
Platforms MT4 MT4, MT5
Leverage 1:400 1:1000 1:500 1:500 1:500
Payment Methods 21 10 8 9 7
Detailed Comparison Alpari vs World Forex Alpari vs Videforex Alpari vs RaceOption Alpari vs IQCent
Review Alpari
World Forex

Compare Trading Instruments

Compare Alpari Trading Instruments
Alpari World Forex Videforex RaceOption IQCent
Binary Options Yes Yes Yes Yes Yes
Expiry Times 30 seconds – 4 hours 1 minute – 7 days 5 seconds – 1 month 5 seconds – 30 days 5 seconds – 30 days
Ladder Options No No No Yes No
Boundary Options No No No No No
CFD Yes Yes Yes Yes Yes
Forex Yes Yes Yes Yes Yes
Stocks No Yes Yes Yes Yes
Commodities Yes Yes Yes Yes Yes
Oil No Yes Yes Yes Yes
Gold Yes Yes Yes Yes Yes
Copper No No Yes No Yes
Silver Yes Yes No Yes Yes
Corn No No No No No
Crypto Yes Yes Yes Yes Yes
Futures No No Yes Yes No
Options No No No No Yes
ETFs No No No No No
Bonds No No No No No
Warrants No No No No No
Spreadbetting No No No No No
Volatility Index No No No No No

Alpari vs Other Brokers

Compare Alpari with any other broker by selecting the other broker below.

Alpari vs
Alpari offer forex, CFD and binary options trading across a big range of markets with low spreads and a range of account types that deliver for every level of trader from beginner to professional.

Articles about Alpari