Alpari
TradingDominance Score™: 89/100
Our Rating:
4.3/5

Website

Headquarters

Mauritius

Year Established

1998

Min Deposit

$100

Max Leverage

1:200

Regulation

Mauritius - (FSC)

Website

Year Established

1998

Min Deposit

$100

Max Leverage

1:200

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Alpari Financial Instruments
Forex
Commodities
Oil and Energies
Indices
Precious Metals
Other Features
Cent Accounts
Negative Balance Protection
Social Trading
Regulatory Deposit Insurance
Islamic Accounts (Swap-free)
Scalping Allowed
Trading API
Trailing Stops
Variable Spread
ECN Account
Allows hedging
Offers STP
Copy Trading
ECN or STP Execution
VPS Trading
Offers MT4
Offers MT5
Account Type
Information
FX Standard
  • Commision: No commission
  • Maximum Leverage: 1000:1
  • Typical Spread: 1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
FX Micro
  • Commision: No commission
  • Maximum Leverage: 400:1
  • Typical Spread: 1.7
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
ECN
  • Commision: $1.5 / lot per side
  • Maximum Leverage: 1000:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 500
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
ECN Pro
  • Commision: No commission
  • Maximum Leverage: 300:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 25.000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
Regulators
Mauritius - (FSC)
Information:
Company NameAlpari
Year Funded1998
HeadquartersMauritius
Office Locations Mauritius
Client Funds Bank(s)
Account CurrencyEUR, GBP, USD, NGN
Support Languages Arabic, English, Indonesian, Malay, Spanish, Chinese, Persian, Filipino
Funding MethodsBank Wire, Neteller, Skrill, Credit Card, Master Card, Visa, Southeast Asia Banking, Union Pay
Financial Instruments Forex, Commodities, Oil and Energies, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts ✔️
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️

Alpari Review

,
Ivan Alexeev

TradingDominance is an Introducer for this Broker.

Founded in 1998, Alpari is an international broker operating under the brand name of Exinity Limited. With 08 regional offices across three continents, the broker serves more than 02 million registered users all around the globe. Regulated by FSC, the company is headquartered in Mauritius. Specialist in forex and CFDs, the broker offers margin-based trading services in more than 250 financial instruments. Apart from the availability of multiple types of trading accounts, the company has a quick signing-up process with low deposit requirements. User-friendly trading platforms with advanced risk management tools help traders find maximum trading opportunities with full confidence. The broker also offers a diverse range of payment options with efficient customer support round the clock. Today, we bring a complete Alpari review to help traders make an informed decision before opening an account with it.

C:\Users\Saad\Desktop\Alpari\Alapri Main Screen.png

Alpari Regulations:

Apart from holding FSC regulations in Mauritius, the broker does not hold any license elsewhere in the world. However, the broker is also a registered member of the Financial Commission of Hong Kong. Listed below are the concerned authorities;

  1. Financial Services Commission – Mauritius
  2. Financial Commission – Hong Kong

Opening Alpari Trading Account

Meeting the requirements of both retail and institutional investors, the broker ensures to offer traders a diversified trading exposure with its four types of accounts. Given below is the list of accounts available at Alpari.

  1. FX Standard
  2. FX Micro
  3. ECN Standard
  4. ECN pro

Let’s have a quick look at the services offered in each type of account.

Account Type
Information
FX Standard
  • Commission: No commission
  • Maximum Leverage: 1000:1
  • Typical Spread: 1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: $100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No – the broker offers swap-free accounts with time limits.
FX Micro
  • Commission: No commission
  • Maximum Leverage: 400:1
  • Typical Spread: 1.7
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: $5
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No – the broker offers swap-free accounts with time limits.
ECN
  • Commission: $1.5 / lot per side
  • Maximum Leverage: 1000:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: $500
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No – the broker offers swap-free accounts with time limits.
ECN Pro
  • Commission: No commission
  • Maximum Leverage: 300:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: $25000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No – the broker offers swap-free accounts with time limits.

FX Standard: With a minimum deposit of $100, the FX Standard account comes with high leverage and competitive spreads. The broker offers 5 decimal pricing on all FX pairs excluding the JPY pairs. Clients can experience instant trade execution without having to worry about any commission charges. The swap-free account has a margin call set at 60% with a stop-out level being 40%. The broker offers 61 majors, minors, and exotic pairs in the standard account with an option to trade in 5 spot metals and 14 spot CFDs. With a minimum lot size of 0.01, traders can place unlimited orders in the FX Standard account.

FX Micro: Focusing on small-scale investors, the broker offers low deposit accounts starting from a minimum investment of $5. Except for the margin requirements, and leverage offered in the standard account, other services stay almost the same in the FX Micro account as available in the FX Standard account. However, the numbers may also differ concerning the availability of tradeable assets and maximum orders.

FX ECN: Clients can open an FX ECN account with Alpari for a minimum deposit of $500. The account is available for both MT4 and MT5 trading platforms. With a commission of $1.5/lot per side, the account comes with market execution. In addition to high margin calls, and stop-out levels, the broker holds a generous approach in offering spread and leverage to FX ECN account holders. Access to free webinars, multiple trading tools, and dedicated customer support are some prominent features offered in the account.

FX ECN Pro: Targeting VIP clients, the broker offers an FX ECN Pro account that is available to sign up for a minimum deposit of $25000. With a 120% margin call and 100% stop-out level, the account can only be used on MT4. The broker does not charge any commission in the FX ECN Pro account. In addition to services and features available in the FX ECN account, a one-to-one trading session with industry experts is also a part of the services offered to FX ECN Pro account holders.

As far as the signing up process with Alpari is concerned, it does not take more than a few minutes to open a live trading account with the broker. Listed below are a few simple steps you can follow to get started.

C:\Users\Saad\Desktop\Alpari\Screenshot Sign Up.png

Step 1: Click on the signup button as highlighted in the red box on the upper-right edge of the home page of the broker.

Step 2: Enter your details on the registration form, such as Full Name, Country of Residence, Mobile phone number, Email ID, and Password.

C:\Users\Saad\Desktop\Alpari\Screenshot Account further details.png

Step 3: Checkmark the boxes to confirm your agreement with terms and conditions apply, and enter the verification code received on your email or mobile phone.

Step 4: Complete the registration process by specifying more details such as the date of birth, source of income, trading seniority level, and national tax number.

C:\Users\Saad\Desktop\Alpari\Screenshot getting started.png

Step 5: Upload supporting documents to verify your identification, such as a National ID Card, Passport, or Driving License.

Step 6: Set your trading preferences, and deposit funds in your account using the available payment options to get started.

Step 7: Use your account login details on your preferred trading platform to access the forex market and start placing trades.

Alpari Deposit & Withdraw & Fees

Alpari offers a range of deposit and withdrawal methods making it easy for clients to fund their accounts using their preferred method. Listed are the available payment options at Alpari.

  1. Credit Cards / Debit Cards
  2. VISA
  3. Mastercard
  4. Maestro
  5. Bank Transfers
  6. Webmoney
  7. Skrill
  8. Neteller
  9. Perfect Money
  10. TC Pay
  11. Bitcoin
  12. FasaPay
  13. South-East Asia Online Banking
  14. Turkish Local Transfers
  15. Local Exchange House
  16. Local Banking China
  17. Indonesian Local Transfer
  18. Latin American solutions
  19. TC Payment
  20. Latin American solutions via Skrill
  21. Mexican Local Transfer
  22. Egypt Local Transfer
  23. Tele Pay Local Transfer
  24. Afghan Local Transfers
  25. Palestinian Local Transfers
  26. African local solutions
  27. Pay R LATAM
  28. Nigeria Local Bank Wire Transfer
  29. Nganluong
  30. GlobePay
  31. Iraq Local Transfers
  32. Online Banking Thailand
  33. China Online Banking
  34. VLOAD
  35. Crypto Wallets

C:\Users\Saad\Desktop\Alpari\Payment Methods.png

Besides a quick deposit and withdrawal process, Alpari doesn’t charge any fee for depositing funds in your account. However, the broker does charge a commission or withdrawal fee on some of the methods listed below.

Payment Method(s) Commission + Fee

Fasapay – 0.5%

South-East Asia Online Banking – 1.4%

Latin American solutions – 1% + 1EUR

African local solutions – $1

Nganluong (E-wallet & banking channel) – 1.1% + $0.05

Visa / MasterCard / Maestero EUR/GBP – €2, USD – $3

Web money – 2%

Perfect Money – 0.5%

Bitcoin – 1%

Wire Transfers – €30

In addition to the withdrawal fee, clients who remain dormant for more than 06 consecutive months may need to pay a $5 inactivity fee to avoid suspension of their accounts. The broker takes a maximum of 24 hours to process your withdrawals. However, funds withdrawal via Latin American Solutions via Skrill, African local solutions, and China online banking make take between 1 – 2 working days.

Spreads with Alpari 

Alpari tends to keep the trading cost as competitive as possible. However, spreads offered at Alpari may vary from account to account. Clients holding ECN standard and ECN pro accounts are charged a minimum spread of 0.4 pips on each trade. On the other hand, FX Micro & Standard account holders need to pay a minimum spread of 1.2 pips and 1.7 pips on their positions respectively.

Leverage with Alpari 

Unlike other brokers, Alpari offers excessive leverage to its clients. Starting from fixed leverage of 1:400 in FX Micro account, Traders can use a maximum of 1:1000 leverage in FX Standard & ECN Standard accounts. However, the leverage available in the ECN Pro account drops to 1:300. It is worth mentioning here that the broker has written a disclaimer on its website concerning the leverage and minimum margin requirements. According to the broker, it can switch the maximum leverage to 1:300 on all forex pairs and spot metals in the last hour of a trading session every Friday. However, the broker also states that it might reset the leverage to its original level before the beginning of a new trading session.

Alpari User Experience

With a quick account opening process and easy verification system, the broker seems to have a customer-focused approach. Step by step guide is available for clients wishing to get started with the broker. The minimum deposit of $5 in a Micro account falls within the reach of everyone to open an account with the broker and start placing trades. The broker does not have a proprietary custom-built trading platform. In simple terms, it does not offer cTrader. Clients have to rely upon the MT4/MT5 trading platforms. Both of them being user-friendly trading platforms are easy enough to navigate and equipped with all the basic and advanced trading tools needed for a successful trading experience. Alpari also facilitates on-the-go users with MT4/MT5 mobile trading platforms. The broker offers both instant and market execution making it flexible for traders to have a customized trading exposure.

As far as risk management tools are concerned, Alpari does offer negative balance protection. Since traders can use high leverage with the broker, there is an increased risk for traders to end up incurring severe losses in their accounts. Alpari’s negative balance protection ensures that a trader’s loss doesn’t exceed their capital. On the other hand, the broker is a registered member of the Financial Commission of Hong Kong which is a dispute resolution body. If a company becomes liquidated for any reason, the Financial Commission offers clients to claim their losses of up to $20,000.

However, the broker falls well behind the industry standard in providing research and educational tools for clients. Not to mention a diverse range of product portfolio, multiple payment methods, and round-the-clock customer support make it a competitive broker though.

Who Alpari Is For? 

With a wide range of tradable financial instruments, competitive trading costs, and multiple account types, the broker is well suited for all classes of traders. The broker offers commission-free trading accounts with excessive leverage to high-volume traders. Alpari demo accounts can be useful for newbies and seasoned traders to practice and improve their trading skills without risking their real money. Not to mention, Alpari copy trading services can help anyone to copy trades without getting actively involved in day trading and generate a passive source of income. In short, the broker is a complete trading solution under one roof for everyone.

Alpari Customer Support 

Alpari offers next class customer support services round the clock. Clients can access the broker via email, live chat, or phone. The broker is also available on Facebook, Twitter, and Instagram. The broker is quick to respond to your queries and fast enough in providing solutions to your complaints. Alpari’s customer support staff is competent, well behaved, and professional. The best part is that the broker offers multilingual customer services so that clients from different regions across the globe can benefit.

Alpari Final Thoughts

After an in-depth Alpari Review, we conclude that Alpari is one of the most reliable forex brokers available around. With flexible account types, a diversified range of products, copy trading services, cash rebate offers, and efficient customer support, the broker is a win-win choice for both retail and institutional investors. Not to mention, FSC regulation and clients funds compensation scheme under registration with Financial Commission – Hong Kong make the broker equally safe and secured.

Countries that Alpari is NOT available in:

Listed below are the countries where Alpari does not offer its services:

  1. USA
  2. Mauritius
  3. Japan
  4. Haiti
  5. Suriname
  6. Democratic Republic of Korea
  7. Russia
  8. Azerbaijan
  9. Belarus
  10. Kazakhstan
  11. Kyrgyzstan
  12. Armenia
  13. Moldova
  14. Tajikistan
  15. Uzbekistan
  16. Turkmenistan
  17. Ukraine
  18. Georgia
  19. New Zealand
  20. Canada

Minimum Deposit:

The minimum deposit accepted at Alpari is $5 for FX Micro Accounts

Maximum Leverage:

The maximum leverage available at Alpari is up to 1:1000.

Alpari Information

Company NameAlpari
Year Funded1998
HeadquartersMauritius
Office Locations Mauritius
Client Funds Bank(s)
Account CurrencyEUR, GBP, USD, NGN
Support Languages Arabic, English, Indonesian, Malay, Spanish, Chinese, Persian, Filipino
Funding MethodsBank Wire, Neteller, Skrill, Credit Card, Master Card, Visa, Southeast Asia Banking, Union Pay
Financial Instruments Forex, Commodities, Oil and Energies, Indices, Precious Metals
24 hour support✔️
Segregated Accounts ✔️
Islamic Accounts✔️
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo✔️
Cent accounts ✔️
Negative balance protection ✔️
Social trading ✔️
Regulatory deposit insurance ✔️
Trailing stops✔️
Bonuses✔️
Interest on margin
Fixed spread
Variable spread✔️

Alpari Account type Information

Account Type
Information
FX Standard
  • Commision: No commission
  • Maximum Leverage: 1000:1
  • Typical Spread: 1.2
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 100
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
FX Micro
  • Commision: No commission
  • Maximum Leverage: 400:1
  • Typical Spread: 1.7
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 5
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
ECN
  • Commision: $1.5 / lot per side
  • Maximum Leverage: 1000:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 500
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No
ECN Pro
  • Commision: No commission
  • Maximum Leverage: 300:1
  • Typical Spread: 0.4
  • Mobile Platform: MT4 Mobile, MT5 Mobile
  • Trading Platform: MT4, MT5 Desktop / Web Terminal
  • Spread Type: Variable Spread
  • Minimum Deposit: 25.000
  • Minimum Trade Size: 0.01
  • Trailing Stops: Yes
  • Scalping Allowed: Yes
  • Hedging Allowed: Yes
  • Islamic Accounts: No

Alpari FAQs

Yes, Alpari offers round-the-clock customer support five days a week. The broker also offers customer support on weekends as per the mentioned below timings. Saturday: 11:00-16:00 Sunday: 12:00-20:00 (GMT+2/GMT+3 during Daylight Saving Time)
Yes, Alpari keeps clients' funds in segregated bank accounts.
Although, Alpari does not offer Islamic accounts specifically. However, swap-free accounts are available with the broker with a maximum of 7 days allowance. If traders keep their positions opened for more than 7 days, a daily fee will be charged.
No, Alpari does not accept clients from Canada.
No, Alpari does not accept clients from Japan.
Yes, clients can use the demo account as long as they wish. However, if a trader doesn't perform any trading activity in a demo account for more than 14 days, then the demo account will be closed.
Yes, Alpari does offer cent accounts.
Yes, Alpari does offer negative balance protection. That means clients cannot lose more than his/her investment.
Yes, Alpari does offer social trading services. You can copy trades of other professional traders in your account and generate a source of passive income.
Yes, the broker offers trailing stops as well as guaranteed stops.
No, Alpari does not offer any no deposit bonus. Also, there is no welcome bonus offered at Alpari.
Alpari is quick to process withdrawals. Usually, it takes 24-hours for the broker to process withdrawals. However, some methods may take a maximum of 48 hours as specified above in the deposit and withdrawal section.

Alpari Review Countries

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