Want to see if Alpari is a legit broker? Is it safe to trade? It spread is high or low? How long to deposit or withdraw funds?
We provide answers to all the questions in this Alpari Review.
We checked all Alpari licenses and regulations to see if Alpari scam or safe. We compared Alpari fees, spread & commission from its live account to over 150 brokers, required time for deposit & withdrawal and many more findings all in this review.
What is Alpari
Alpari is a large Forex broker, operating since 1998 firstly in Russia and then expanded globally.
The company has many years of successful operation, however operates only under the license issued by offshore Belize, SVG and Mauritius.
|🗺️ Regulated in||SVG, Belize, Mauritius|
|🛡️ Is Alpari safe to trade||Yes and No|
|💵 EUR/USD spread||1.1 pips|
|🏦 Deposit||Bank Wire, Local transfers, Cards, e-wallets, Cryptocurrencies|
|💰 Minimum deposit||US$5|
|🏦 Withdrawal||Bank Wire, Local transfers, Cards, e-wallets, Cryptocurrencies|
|💻 Trading platform||MT4, MT5|
|💳 Trading markets||Forex, Commodities, Metals, Indices, Cryptos, Stocks|
|📈 Number of product||250+|
|📉 Live chat response||Instant and relevant answers|
License and Regulation are the keys to your fund security. We check two factors, what license broker carry with its background, and how are you protected in case things go wrong.
Is Alpari legit
Alpari takes its origin from Russia but its subsidiaries are solely based in offshore zones including SVG, Belize and recent expand to Mauritius.
Alpari licenses and status
|Entity||Registered in||Regulator||License no.||Status|
|Alpari Limited||BVI||Financial Service Commission BVI (FSC BVI)||SIBA/L/14||Registered|
|Alpari Limited||SVG||Seychelles Financial Supervisory Authority (FSA)||20389 IBC 2012||Registered|
|EXINITY LIMITED||Mauritius||Cyprus Securities and Exchange Commission (CySEC)||266/15||Registered|
Is Alpari safe
Alpari is considered safe and not safe at the same time.
Not safe because it holds only offshore licenses and regulations, however Alpari operates for many years and has good reputation, also Exinity Ltd in Mauritius is related to a popular and well-regulated FXTM broker.
We recommend doing your own research before you trade with Alpari.
Alpari compensation scheme
|Entity||Compensation Amount||Negative Balance Protection|
|INSTANT TRADING EU LTD||€20,000||No|
|Instant Trading Ltd (BVI)||No compensation||No|
|Insta Global Ltd.||No compensation||No|
Alpari does not fall under regulatory restrictions to provide negative balance protection or compensation. However, Alpari is a member of The Financial Commission a resolution dispute that provides coverage up to 20,000$ per complaint.
Markets and Products
At Alpari you can trade Forex and CFDs on Commodities, Indices, Stocks and Cryptocurrencies.
From the negative side instruments variety is rather very basic, only popular instruments are available.
Alpari has four account types Standard and ECN accounts with different pricing and execution models.
Islamic Accounts are available on request.
Alpari operates several websites according to its subsidary, each enity has its Login page to your account management area.
|Forex Standard Account, MT4||Forex Micro Account, MT4||Forex EC Account, MT4/MT5||Forex Pro Account, MT4|
|Minimum Deposit||100 USD, EUR, GBP||5 USD, EUR, GBP||500 USD, EUR, GBP||25,000 EUR, USD, GBP|
|Minimum Balance||–||–||–||25,000 EUR, USD, GBP|
|Spreads From||1.2 pips||1.7 pips||0.4 pips||0.4 pips|
|Commissions||Zero Commissions||Zero Commissions||1.5$ per side||Zero Commissions|
Client Cabinet or My Alpari is your online account management area where you can deposit or withdraw funds, enable settings or close account.
Fees and commissions
We ranked Alpari fee levels as low based on its Live Account Spread and compared to 150 brokers in our database.
The spread we collected for popular instruments from 6 markets and over 150 brokers
|Forex||EUR/USD||0.1-0.9||1-1.5||1.6 or higher|
|Indices||US 500||0.1-0.4||0.5-1.4||1.5 or higher|
|Commodities||Gold||0.1-0.4||0.5-2||2.1 or higher|
|Stocks||Tesla||0.1-0.5||0.6-1||1.1 or higher|
|ETFs||US Russell 2000||0.1-0.4||0.5-1.4||1.5 or higher|
|Cryptocurrencies||Bitcoin||0.1-0.5%||0.6-0.9%||1% or higher|
Alpari fee structure is different in each account type.
Standard account fees are all in spread and ECN costs are built into commission charge. ECN account we rank very competitive for its fees and low commission, and Standard account are also on a competitive low level compared to industry benchmarks.
|Markets||Instruments||Standard||Other brokers’ avg spread|
|ETFs||US Russell 2000||–||0.5-1.4|
Alpari has average non-trading fees. There is no fee for deposit, yet some withdrawal methods may add on commission charge.
Trading conditions at Alpari are good. You can deploy mostly all strategies including scalping, EAs, copy trading and hedging.
|Change Leverage Allowed||Yes|
For hedging, no time limitations for hedging positions.
For scalping, scalping strategies are not restricted, Alpari has VPS servers service, run of Expert Advisors (EAs) is with no limits.
Trading Leverage depending on the instrument you trade and goes up to 1:500.
Alpari charges no deposit fees or comissions. You can use various account base currencies and use very large variety of deposit methods including bank transfer, credit cards, numerous local transfers, Bitcoin, and e-payments.
|Deposit Method||Funding Time||Fee|
|Bank Wire Transfer||Business day||0$|
|Credit / Debit Cards||Business day||0$|
|Perfect Money, Web Money||Instant||0$|
|Indonesian Local Transfer||Instant||0$|
Mexican Local Transfer
|Latin American solutions via Skrill||1-2 business days||0$|
|Egypt Local Transfer||Instant||0$|
|Telepay Local Transfer||Instant||0$|
|Afghan Local Transfers||Instant||0$|
|Local Indian Solutions||1-2 business days||0$|
|PayR LATAM||1-2 business days||0$|
|South East Asia Online Banking||Instant||0$|
|Turkish Local Transfers||24h||0$|
|Local Exchange House||24h||0$|
|Latin American solutions||1-2 business days||0$|
|Nigeria Local Bank Wire Transfer||1 business days||0$|
|Nganluong (E-wallet & banking channel)||Instant||0$|
|Iraq Local Transfers (SHAK)||24h||0$|
|Online Banking Thailand||Instant||0$|
|China Online Banking (P)||24h||0$|
The minimum deposit is different for each Alpari account type. Micro Account requires only 5$/€/£ and 100 $/€/£ for Standard account.
Similar to deposits Alpari does not charge internal withdrawal fees, however local transfers will add on processing fee as defined by the payment provider. Bank Wire and cards withdrawals also adding fee, the only free options are e-wallets.
Alpari process withdrawals within 1 business days, plus the extra days to reach your account due to provider processings.
|Withdrawal Method||Withdrawal Time||Fee|
|Bank Wire Transfer||24h||30 EUR|
|Credit / Debit Card||24h||2 EUR/ 3 USD/ 2 GBP|
|e-wallets, Neteller, Skrill||24h||Free|
|Local transfers||1-4 business days||Varies|
Alpari offers various bonuses, contests and promotions, proposals are different depending on Alpari subsidiary. As an example, at the time of writing Alpari International offers Cashback programs, and Alpari SVG offering deposit compensation and deposit bonuses.
Alpari mainstays on MetaTrader industrypopular technology offering both MT4 and MT5 platformsavailable on Desktop, Mobile, WebTrader and Mobile App.
For thse traders who prefer to stay on popular MT4, Alpari MetaTrader4 supporting great range of languages and is enhanced with extra tools.
Research and Tools
Alpari research tools are mainly the one available on the platforms. Alpari has good and enhanced MT4 with extra tools like Forex Forecast, Trading Ideas, Copy Trading and PAMM trading.
On the negative side there is no Fundamental data or research from leading industry providers.
Alpari research tools are available in:
- Trading platforms
- Copy Trading section on the website
- Learn section on the website
Alpari education is well-organized and good quality.
You can find various courses, videos, tutorials, trading articles and insights, Online Workshops, webinars in education section.
Demo accounts are on free use and available for all clients. Additional plus is there are Trading contest allowing to gain valuable prizes.
At Alpari you can learn though:
- Demo account
- Trading videos and tutorials
- Webinars, Online Workshops, Courses
- Educational articles
- Alpari Contests for international traders
Alpari customer service is good, the agents are responsive and quick speed, we had fast answer via the Live Chat.
You can contact Alpari 24/5 by:
- Live chat, Telegram
- Telephone and Call back
Alpari live chat is a quick speed available on website or platforms or via Telegram, agents are helpful
|Question Asked||We asked about fee structure.|
|Time of Reply||We were connected to customer support Live Chat within few minutes on the website|
|Quality of Reply||The answer is informative.|
Alpari has long year of operation and a solid reputation.
It is unfortunately not regulated by serious regulations like top-tier FCA, however broker has good standing and offers quality trading capabilities.
From additional good points we would note attractive fee structure and learning, from another gaps the instrument range is rather very basic.
We would recommend to make your own research before signing with Alpari.
Author of this review
By Jimmy O'Brien
Author of this review
I am a well-rounded financial services professional experienced in fundamental and technical analysis, global macroeconomic research, foreign exchange and commodity markets.
I am passionate about observing foreign exchange movements, sharing educational insights into the financial markets, and adding value wherever I can.