Alpari Review

Alpari Review

4.2/5 - (19 votes)

Alpari Review




Alpari International is a global trading giant that offers a high-quality STP/ECN trading experience on accounts to suit traders of every experience level. Its more than 2 million clients can choose from over 60 instruments, including forex pairs, metals, and CFDs to trade on modern and dynamic platforms. 


In this in-depth review you’ll find the following information:


  • A complete review of Alpari broker
  • Details on Alpari minimum deposit
  • Alpari Account Types available
  • Alpari Demo account information
  • Steps to Register a live account with Alpari
  • Alpari withdrawal steps
  • Alpari vs Exness vs Pepperstone
  • Pros and Cons of Alpari account
  • Alpari Islamic account options
  • Details on Alpari trading platforms


And lots more…


Let’s dive right in…


Alpari at a Glance


📜 RegulatedYes
🎁 Sign Up BonusNo
🕖 Time to open an account1 day
🗺️ Countries not availableUSA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Russia, Ukraine, Quebec, Iraq, Syria, Cuba, Belarus, Myanmar, European Union and United Kingdom.
📊Trading Islamic AccountYes
💳 Demo Trading AccountYes
💰SpreadsFrom 1.2
💰 Minimum deposit$5 USD
📙 Website LanguagesEnglish, Spanish, French, Portuguese
🥇 Trading Instruments250+trading instruments
📈 Trading PlatformsMetaTrader 4, MetaTrader 5
🎓Affiliate ProgramNo
🚀 Open a account👉Click Here


Overall Rating

Min Deposit

USD 100 



Trading Desk

MT4, MT5



Total Pairs


Islamic Account


Trading Fees


Account Activation

24 Hours


Alpari Review – 20 Keypoint Overview


  1. ☑️ Alpari at a Glance
  2. ☑️ Alpari Overview
  3. ☑️ Is Alpari Regulated?
  4. ☑️ Alpari Minimum Deposit
  5. ☑️ Types of Alpari Accounts
  6. Alpari Sign-Up Bonus
  7. Alpari Demo Account
  8. Alpari Islamic Account
  9. How to Open an Alpari Account – Step-by-Step Guide
  10. Alpari Pros and Cons
  11. Alpari VS Exness VS Pepperstone – Comparison Table
  12. Alpari Customer Reviews
  13. Deposits and Withdrawal
  14. Steps to Withdraw Funds from Alpari Account
  15. Alpari Fees, Spreads, and Commission
  16. Alpari Partnership Options
  17. Alpari Product Portfolio
  18. Alpari Broker Trading Platforms
  19. Conclusion
  20. Frequently Asked Questions



Alpari Overview


🔎 𝗕𝗿𝗼𝗸𝗲𝗿🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁🌎 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀
Alpari👉Click Here$100 USDFSC


Rebranded as Alpari International in 2013, the Alpari Group was a reputable FX and CFDs broker that was founded in 1998.


The trading arm of Exinity Limited, a licensed financial service provider governed by the FSC in the Republic of Mauritius, is the brokerage with its headquarters in Mauritius. Alpari International is governed by the FSCA and maintains representative offices in South Africa.


Alpari International provides MetaTrader platforms and Alpari CopyTrade for trading CFDs on stocks, commodities, and indexes, as well as currency pairs. For forex traders in Africa, Alpari International is a reliable and secure broker that complies with regulations.


The broker was founded in Mauritius in 1998 and is owned by Mauritius-based Exinity Group, which also owns FXTM. 


Alpari Review


Is Alpari Regulated?


Yes, Alpari Limited is regulated by The Financial Services Commission (FSC) of The Republic of Mauritius, via its parent company Exinity Limited. The broker is also registered by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines and authorized by the International Financial Services Commission (IFSC) of Belize. 


Alpari was one of the companies involved in the formation of the Centre for Regulating OTC Financial Instruments and Technologies (CRFIN) and upholds high standards of safety for clients’ funds. 


Alpari is a reliable and safe Forex Trade platform in terms of its regulation and safety protocols. The broker is regulated in several global jurisdictions, as described below:

  • Mauritius Financial Services Commission (FSC) provides regulatory oversight of Exinity Group LTD, the owner of Alpari International.
  • FT Global Services LTD, a Cypriot international business company (IBC), processes the broker’s credit card transactions.
  • Client funds remain segregated from corporate funds.
  • Alpari International has a membership of the Hong Kong-based Financial Commission, an independent, international body that provides dispute resolution for Forex brokers.
  • Regulation by the European Securities and Markets Authority (ESMA) provides brokers and traders with even more security.
  • Alpari cannot use client funds for its own business purposes but keeps it in segregated accounts with top-tier banks.


🥇 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘀📌 𝗔𝗯𝗯𝗿𝗲𝘃𝗶𝗮𝘁𝗶𝗼𝗻🔎 𝗟𝗶𝗰𝗲𝗻𝘀𝗲 𝗻𝘂𝗺𝗯𝗲𝗿
🥈Financial Sector Conduct Authority🖋 FSCAC113012295


Alpari Regulated


Alpari Minimum Deposit


A $5 USD minimum deposit is needed to open a retail live trading account at Alpari. The South African Rand's trading value in relation to the US dollar is the same as the minimum deposit in ZAR.


💻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁💰 𝗠𝗶𝗻𝗶𝗺𝘂𝗺 𝗗𝗲𝗽𝗼𝘀𝗶𝘁
📌Forex Standard Account, MT4👉Click Here$100 USD
📌Forex Micro Account, MT4👉Click Here$5 USD
📌 Forex ECN Account, MT4/MT5👉Click Here$500 USD
📌 Forex Pro Account, MT4👉Click Here$25 000 USD


Alpari Minimum Deposit


Types of Alpari Accounts


Forex trading platform and financial asset management institution Alpari has a demo account and 4 different live account types, with also an option to open an Islamic Account. 

Alpari Account Types and their features are described below. 


Forex Standard Account (MT4)


💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
📌𝗙𝗼𝗿𝗲𝘅 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱 𝗔𝗰𝗰𝗼𝘂𝗻𝘁, 𝗠𝗧𝟰
Maximum leverage1:1000
Minimum deposit$100 USD
Spread1.2 pips
CommissionNo commission
Account CurrencyUSD / EUR / GBP / NGN
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


  • Minimum deposit: $100 USD/EUR/GBP 
  • Leverage allowed: 1:1000
  • Average spreads: 1.2 Pips
  • Commissions: 0%
  • Available instruments: Forex, Metals, CFDs 
  • Instant execution


Alpari Standard Account


Forex Micro Account (MT4)


💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
📌𝗙𝗼𝗿𝗲𝘅 𝗠𝗶𝗰𝗿𝗼 𝗔𝗰𝗰𝗼𝘂𝗻𝘁, 𝗠𝗧𝟰
Maximum leverage1:400
Minimum deposit$5 USD
Spread1.7 pips
CommissionNo commission
Account CurrencyUSD / EUR / GBP / NGN
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


  • Minimum deposit: $5 USD/EUR/GBP 
  • Leverage allowed: 1:400
  • Average spread: 1.7 Pips
  • Commissions: 0%
  • Instruments available: Forex, Metals
  • Instant execution.


Alpari Micro Account


Forex ECN Account (MT4/MT5)


💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
📌𝗙𝗼𝗿𝗲𝘅 𝗘𝗖𝗡 𝗔𝗰𝗰𝗼𝘂𝗻𝘁, 𝗠𝗧𝟰/𝗠𝗧𝟱
Maximum leverage1:1000
Minimum deposit$500 USD
Spread0.4 pips
Commission1.5$/lot per side
Account CurrencyUSD / EUR / GBP / NGN
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


  • Minimum deposit: $500 USD/EUR/GBP 
  • Leverage allowed: 1:1000
  • Average spread: 0.4 Pips
  • Commissions: 1.5 USD per side
  • Instruments available: MT4 – Forex, Metals, CFDs, Cryptocurrencies; MT5: Forex, Metals, CFDs, Stocks


Alpari ECN Account


Forex PRO Account (MT4)


💻 𝗔𝘀𝗽𝗲𝗰𝘁𝘀
📌𝗙𝗼𝗿𝗲𝘅 𝗣𝗿𝗼 𝗔𝗰𝗰𝗼𝘂𝗻𝘁, 𝗠𝗧𝟰
Maximum leverage1:300
Minimum deposit$25000 USD
Spread0.4 pips
Account CurrencyUSD / EUR / GBP / NGN
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


  • Minimum deposit: 25 000 USD/EUR/GBP
  • Leverage allowed: 1:300
  • Average spread: 0.4 Pips
  • Instruments available: Forex, Metals
  • Market execution


Alpari Pro Account


Overall Rating

Min Deposit

USD 100 



Trading Desk

MT4, MT5



Total Pairs


Islamic Account


Trading Fees


Account Activation

24 Hours


Alpari Sign-Up Bonus


Alpari does not provide a Sign-Up bonus to traders who register a new trading account or the option of a Partnership / Affiliate program, but they do offer “Refer a friend” option.


💰 Sign Up BonusNo
📝Partnership OptionNo
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


Alpari Sign up bonus


Alpari Demo Account


One can create a demo account with no restrictions on the Alpari platform, so a trader can trade as much as he wants with virtual money which is automatically refilled. All the account types support demo trading, so a trader can try out both STP and ECN options.


💰 Demo AccountYes
📝Virtually FundedNot Indicated
💻Terminal AccessFull
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


Alpari Demo account


Alpari Islamic Account


Swap-free versions are available on all account types, except the ECN and Pro accounts that are using MT5. The swap-free status is however only available for 2-7 days, depending on which instrument is traded. If a trader keeps positions open for more than the swap-free days allowed, a swap fee will be charged. The account is still Sharia-compliant, as long as a trader remembers to close his positions on time.  Traders of the Muslim faith can apply for a swap-free account which will allow them to avoid these fees, as interest is strictly prohibited by Sharia law. 


💰 Islamic AccountYes
📝Accounts OfferedAll accounts
🚀 𝗢𝗽𝗲𝗻 𝗮𝗻 𝗔𝗰𝗰𝗼𝘂𝗻𝘁👉Click Here


Alpari Islamic account


How to Open an Alpari Account – Step-by-Step Guide


The foreign exchange market is not directly accessible to traders and investors. They have to trade using a trading platform run by a licensed broker of CFDs and forex.


You must register with the broker and follow the simple instructions to establish a trading account and authenticate your identification before you can begin trading the financial markets with Alpari International. After your trading account has been approved, deposit money and begin trading.


Creating a Forex Trading account with Alpari is easy and the whole process should not take more than five minutes. The trader should follow these steps: 


1. Step 1: Navigate to Website


Visit Alpari's official website and choose between “Register” and “Open Live Account.”


Alpari Register an account


2. Step 2:  Complete information


After that, you'll be taken to the FXTM page to finish providing all the needed personal data.


Alpari Complete information


3. Step 3:  Verification confirmation


An email verification will be sent to the provided email address after the account has been registered. Once that's finished, you may log in, choose the kind of account you want to use for trading, and make your initial deposit.


Alpari Log into an account


Alpari Pros and Cons


✅ 𝗣𝗿𝗼𝘀✅ 𝗖𝗼𝗻𝘀
Offers complete access to global financial marketsTrading always involves risk, and users may incur substantial losses
Provides a range of assetsVariable Spreads and Fees
User-Friendly Interface
Educational resources available
Various leverage options


Alpari Pros and Cons


Alpari VS Exness VS Pepperstone – Comparison Table


Minimum Deposit$5 USD$10 USDAU$200
Account TypesStandard, Micro, ECN, ProStandard, Standard Cent, Raw Spread, Zero, Pro, Social Standard, Social ProStandard, Razor
Leverage1:10001:Unlimited1:200 (Retail), 1:500 (Pro)
SpreadsFrom 1.2 pipsFlexible, CompetitiveFlexible, Competitive
Trading PlatformsMT4, MT5MetaTrader 4, MetaTrader 5, Exness Terminal, Exness AppMetaTrader 4, MetaTrader 5, cTrader, TradingView, Myfxbook, DupliTrade
🚀𝑶𝒑𝒆𝒏 𝒂𝒏 𝑨𝒄𝒄𝒐𝒖𝒏𝒕👉Click Here👉Click Here👉Click Here


Alpari Customer Reviews


Alpari Trust Pilot review


Really satisfied with the trading…

Really satisfied with the trading environment. Never any latency or network issues, trades execute normally and with proper prices. Support was helpful and assisting during big deposits and withdrawals. Will recommend


Alpari Trustpilot Green Stars


Good company

I have been working with Alpari for some time. I have not had a serious problem so far


Alpari Trust pilot yellow stars


In my opinion

In my opinion, it should be a five-star rating because I am satisfied with the trading on MT4 and the instant withdrawals. I highly recommend this broker.

Best Regards,
Nemesio Reyes Jr


Alpari Green Trustpilot stars


Deposits and Withdrawal


➡️ Deposits are processed right away if no additional verification is needed. Alpari International shall not be liable for any delays in transfers caused by a malfunction in the payment processor's system.


➡️ If there hasn't been any trading activity in your account for at least six months, you will be assessed an inactivity fee of five EUR, USD, or GBP.


➡️ There are four methods that you can fund your Alpari International trading account:

  • Online payment gate way, including FASAPay and Skrill
  • Credit card payments, including Visa, Mastercard and Maestro
  • eWallets, including Skrill, Neteller and WebMoney
  • Bank wire transfers


Steps to Withdraw Funds from Alpari Account


𝗦𝘁𝗲𝗽𝘀𝗪𝗶𝘁𝗵𝗱𝗿𝗮𝘄𝗮𝗹 𝗳𝗿𝗼𝗺 𝗔𝗹𝗽𝗮𝗿𝗶 𝗔𝗰𝗰𝗼𝘂𝗻𝘁
𝗦𝘁𝗲𝗽 𝟭:Navigate to My Money option on Dashboard
𝗦𝘁𝗲𝗽 𝟮:Select Withdraw option
𝗦𝘁𝗲𝗽 𝟯:Select the payment method you prefer
𝗦𝘁𝗲𝗽 𝟰:Click Withdraw
𝗦𝘁𝗲𝗽 𝟱:Give reason for withdrawing the funds and enter the PIN sent to your email or SMS
𝗦𝘁𝗲𝗽 𝟲:Click Submit


Alpari Deposits and Withdrawals


Alpari Fees, Spreads, and Commission


𝗔𝗰𝗰𝗼𝘂𝗻𝘁 𝘁𝘆𝗽𝗲𝘀
📌 Standard MT4Spreads from 1.2 pipsCommission-free trading, mark up on spreads
📌 Micro MT4Spreads from 1.7 pips Commission-free trading, mark up on spreads
📌 ECN MT40.01 Spreads from 0.4 pips 1.5$/lot per side
📌ECN PRO MT4Spreads from 0.4 pipsCommission-free trading, mark up on spreads


Alpari Fees and Spreads


Alpari Partnership Options


Alpari does not offer traders an Introduction Broker option or a Partnership option, however they offer the Refer a Friend opportunity.


Alpari Partnership Option


Alpari Product Portfolio


☑️ 𝗙𝗲𝗮𝘁𝘂𝗿𝗲
☑️ 𝗔𝗹𝗽𝗮𝗿𝗶
Forex TradingYes
Forex Pairs60+
Cryptocurrency (Physical)0
Cryptocurrency (CFD)4
Copy TradingYes


Alpari Broker Trading Platforms


Alpari International trading platforms

As a MetaTrader broker, Alpari International provides trading platforms for MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that allow traders to trade indices, shares, currencies, and commodities. Additionally, Alpari International provides clients with Alpari CopyTrade, a proprietary social trading tool that enables them to replicate trading positions held by Strategy Managers.


☑️ MetaTrader 4

The innovative computerized trading platform MetaTrader was created by MetaQuotes Software. MetaQuotes Software has developed a number of trading software programs since 2002, but MT4 was the company's breakthrough product. For retail foreign exchange (forex) speculative traders, MT4 is the most well-liked and often utilized electronic trading platform.


☑️ MetaTrader 5

June 2010 saw the release of MetaTrader 5 (MT5), which was created by MetaQuotes Software Corporation. MT5 isn't a refreshed and enhanced variant of MT4. In order to provide traders with an advanced trading platform and top-notch tools to trade a wider range of financial products, it was developed to expand MetaTrader's capability from a single-market trading platform to a multi-market platform.


Alpari MetaTrader 4




Alpari International has established itself as a prominent player in the online trading industry by providing a wide range of financial products and services. Due to its stellar regulatory compliance record and commitment to provide traders with educational resources, Alpari International is a highly recommended option for traders wishing to engage in the global financial markets.


Overall Rating

Min Deposit

USD 100 



Trading Desk

MT4, MT5



Total Pairs


Islamic Account


Trading Fees


Account Activation

24 Hours




Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information is published to help improve your knowledge and understanding of international multi-asset trading and market participants.


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Frequently Asked Questions


Is Alpari a Good Broker?

Yes, according to this Forex Suggest review, Alpari is a good broker for security, reliability, trading speed, online support, and offering of cryptocurrencies. Overall, Alpari International strives for transparency and honesty and provides clients with a trustworthy and competitive trading environment. 


Does Alpari publish an economic calendar?

Yes, Alpari publishes an economic calendar on its website. The economic calendar is useful as a resource for Forex traders to remain updated on relevant economic events or information that is scheduled to be released and may impact the currency markets. 

Alpari’s economic calendar provides information on current and future events, consensus, and more.


Does Alpari have a mobile app for Forex trading?

Yes, Alpari offers a mobile app for both Android and iOS devices. This app features all the basic functionality of myAlpari and you can top up your account with just the tap of a button. Alpari Mobile also has all the tools a trader may need; from expert reviews to live exchange-rate and interest-rate quotes, an economic calendar, and much more.


Does Alpari have Nasdaq?

Yes, Alpari offers traders the option of trading CFDs on the Nasdaq 100 Stock Index. The Nasdaq exchange is the global electronic marketplace for buying and selling securities and Nasdaq100 consists of the traded shares of the largest 100 companies according to market capitalization on the exchange. 


Can you start trading with no money at Alpari?

No, a trader cannot start trading without money at Alpari because Alpari does not offer any deposit bonus. Traders need to deposit their own funds when opening an account. Fortunately, the Micro Account can be opened with as little as $5.


Does Alpari offer demo accounts for Forex trading?

Yes, Alpari offers a free demo account with no restrictions for traders. One can create a demo account on the Alpari platform and trade as much as one wants with virtual money.


How many days do deposits take with Alpari?

Deposits with Alpari take from instantly to two business days depending on the deposit method. Some eWallet methods (like FasaPay) are processed instantly, TCPay deposits are processed within one hour, but bank transfers may take up to two business days.


Is Alpari Regulated in the United States?

No, Alpari is not regulated in any part of the United States. 


What are the Trading Fees with Alpari?

Alpari charges overnight swap fees for trades kept open for a longer time than a single day. These rates vary depending on the position type, as well as the actual interest rate differentials between the currencies in the specific pair but fees are displayed clearly on the broker’s site.


Does Alpari have online support?

Yes, Alpari has good online support for Forex traders. The customer support team is based in Mauritius and is available 24 hours a day from Monday until Friday. Alpari has a great reputation for offering excellent services to satisfied customers and is particularly good at offering help and guidance through a live chat option, email, and phone service. It is further possible to view their website in 9 languages, including Chinese, Persian, and English.


Who is Alpari’s CEO?

Vladimir Verbitskiy is the CEO of Alpari since 2018. He holds a master’s degree from the Russian Presidential Academy of National Economy and Public Administration (RANEPA).


Where are the headquarters of Alpari?

Alpari is headquartered on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.


Does Alpari have a deposit bonus?

Yes, Alpari does offer a deposit bonus from time to time.  This may be in the form of an extra 50% bonus on a deposit.


Does Alpari have a welcome bonus?

No, Alpari does not have a specific welcome bonus but offers several other promotions and bonuses on top of the very favorable trading conditions a new trader will get access to. The broker also has a refer-a-friend promotion, which also extends to family and by which both the referrer and the referral can earn $50.


Does Alpari Have a Traders Dashboard?

No, Alpari does not have a Traders Dashboard that can give traders updates on the latest news from the currency markets or an overview of current market events.


Does Alpari have promotional offers?

Yes, Alpari provides several promotional offers or bonuses to new or existing clients to give their trading an extra kick. Traders are rewarded for loyalty in a way that has real value and gives them more reasons to trade. This comprises a refer-a-friend promotion as well as a Cashback Program from which traders can receive the pay-outs (no points, vouchers, or discounts) weekly, which lowers the overall trading costs.


Is Alpari Regulated in Europe?

Yes. Alpari is regulated in Europe, primarily by the European Securities and Markets Authority (ESMA), and a member of the Financial Commission.


What is the minimum deposit in Alpari?

The minimum deposit to open a live trading account with Alpari ranges from just 5 USD (for the Forex Micro Account) to 25 000 USD (for the Forex Pro Account).


Is Alpari Legit?

Yes, Alpari is a legit Forex Broker and Trade Platform. Alpari has legal certificates from the FSC, FSA, IFSC, and CRFIN to perform Forex broker and trading services in several countries.