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.  

Alpari highlights

πŸ—ΊοΈ Regulated inSVG, Belize, Mauritius
πŸ›‘οΈ Is Alpari safe to tradeYes and No
πŸ’΅ EUR/USD spread1.1 pips
🏦 DepositBank Wire, Local transfers, Cards, e-wallets, Cryptocurrencies
πŸ’° Minimum depositUS$5
🏦 WithdrawalBank Wire, Local transfers, Cards, e-wallets, Cryptocurrencies
πŸ’» Trading platformMT4, MT5
πŸ’³ Trading marketsForex, Commodities, Metals, Indices, Cryptos, Stocks
πŸ“ˆ Number of product250+
πŸ“‰ Live chat responseInstant and relevant answers

Regulation

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

EntityRegistered inRegulatorLicense no.Status
Alpari LimitedBVIFinancial Service Commission BVI (FSC BVI)SIBA/L/14Registered
Alpari LimitedSVGSeychelles Financial Supervisory Authority (FSA)20389 IBC 2012Registered
EXINITY LIMITEDMauritiusCyprus Securities and Exchange Commission (CySEC)266/15Registered

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

EntityCompensation AmountNegative Balance Protection
INSTANT TRADING EU LTD€20,000No
Instant Trading Ltd (BVI)No compensationNo
Insta Global Ltd. No compensationNo

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.

Alpari Review – Financial Commission Certificate
Alpari Review – Financial Commission Certificate

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.  

Forex

MarketsInstruments
Forex48
Indices22
Commodities8
Bonds–
Cryptocurrencies4
Shares10

Account types

Alpari has four account types Standard and ECN accounts with different pricing and execution models.

Islamic Accounts are available on request.

Login

Alpari operates several websites according to its subsidary, each enity has its Login page to your account management area.



Forex Standard Account, MT4Forex Micro Account, MT4Forex EC Account, MT4/MT5Forex Pro Account, MT4
Minimum Deposit100 USD, EUR, GBP5 USD, EUR, GBP500 USD, EUR, GBP25,000 EUR, USD, GBP
Minimum Balance–––25,000 EUR, USD, GBP
Spreads From1.2 pips1.7 pips0.4 pips0.4 pips
CommissionsZero CommissionsZero Commissions1.5$ per sideZero Commissions

My Alpari

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

MarketsInstrumentsLowAverageHigh
ForexEUR/USD0.1-0.91-1.51.6 or higher
IndicesUS 5000.1-0.40.5-1.41.5 or higher
CommoditiesGold0.1-0.40.5-22.1 or higher
StocksTesla0.1-0.50.6-11.1 or higher
ETFsUS Russell 20000.1-0.40.5-1.41.5 or higher
CryptocurrenciesBitcoin0.1-0.5%0.6-0.9%1% or higher

Spreads

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.

MarketsInstrumentsStandardOther brokers’ avg spread
ForexEUR/USD1.11-1.5
IndicesUS 50010.5-1.4
CommoditiesGold40.5-2
StocksTesla10.6-1
ETFsUS Russell 2000–0.5-1.4
CryptocurrenciesBitcoin21.20.6-0.9%

Other Fees

Alpari has average non-trading fees. There is no fee for deposit, yet some withdrawal methods may add on commission charge.

Trading Conditions

Trading conditions at Alpari are good. You can deploy mostly all strategies including scalping, EAs, copy trading and hedging.

Trading ConditionsYes/No
Hedging AllowedYes
Scalping AllowedYes
Change Leverage AllowedYes

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.

Deposit

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 MethodFunding TimeFee
Bank Wire TransferBusiness day0$
Credit / Debit CardsBusiness day0$
Neteller, SkrillInstant0$
Crypto Wallets24h0$
VLOADInstant0$
Bitcoin24h0$
Perfect Money, Web MoneyInstant0$
FasaPayInstant0$
Indonesian Local TransferInstant0$
TC PaymentInstant0$

Mexican Local Transfer
Instant0$
Latin American solutions via Skrill1-2 business days0$
Egypt Local TransferInstant0$
Telepay Local TransferInstant0$
Afghan Local TransfersInstant0$
Local Indian Solutions1-2 business days0$
PayR LATAM1-2 business days0$
South East Asia Online BankingInstant0$
Turkish Local Transfers24h0$
Local Exchange House24h0$
Latin American solutions1-2 business days0$
Nigeria Local Bank Wire Transfer1 business days0$
Nganluong (E-wallet & banking channel)Instant0$
GlobePayInstant0$
Iraq Local Transfers (SHAK)24h0$
Online Banking ThailandInstant0$
China Online Banking (P)24h0$

Minimum Deposit

The minimum deposit is different for each Alpari account type. Micro Account requires only 5$/€/Β£ and 100 $/€/Β£ for Standard account.

Withdrawal

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 MethodWithdrawal TimeFee
Bank Wire Transfer24h30 EUR 
Credit / Debit Card24h2 EUR/ 3 USD/ 2 GBP
e-wallets, Neteller, Skrill24hFree
Local transfers1-4 business daysVaries
Alpari Review - Withdrawal
Alpari Review – Withdrawal

Bonus

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 Review - Bonus
Alpari Review – Bonus

Trading Platform

Alpari mainstays on MetaTrader industrypopular technology offering both MT4 and MT5 platformsavailable on Desktop, Mobile, WebTrader and Mobile App.

MT4

For thse traders who prefer to stay on popular MT4, Alpari MetaTrader4 supporting great range of languages and is enhanced with extra tools.

Alpari Review – MT4 platform
Alpari Review – MT4 platform

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 Review – PAMM – Copy Trading
Alpari Review – PAMM – Copy Trading

Education

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

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 Review – Education
Alpari Review – Education

Customer Service

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
  • Email
Alpari Review – Customer Service
Alpari Review – Customer Service

Alpari live chat is a quick speed available on website or platforms or via Telegram, agents are helpful

Question AskedWe asked about fee structure.
Time of ReplyWe were connected to customer support Live Chat within few minutes on the website
Quality of ReplyThe answer is informative.

Conclusion

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.

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