Alpari Review – Facts About This Offshore Broker
Alpari Review – Facts About This Offshore Broker

As can be seen on the brokers’ website, they are owned by Exinity Limited registered in Mauritius. Accordingly, they are licensed by their authority, FSA. 

Throughout the research for this Alpari review, we found many different entities linked to Alpari trading. There are three different domains for this broker, every other presenting a bit different picture.

Generally speaking, offshore licenses are not reliable, but it’s better than nothing.

In addition, we recommend reading our reviews about brokers Everfx, FBS and UFX.

Broker status:Regulated Broker
Regulated by:FSC
Regulators’ Complaints:CNMV, SC Malaysia
Owned by:Exinity Limited
Headquarters Country:Mauritius
Foundation year:2013
Supported Platforms:MT4/MT5
Minimum Deposit:$100
Cryptocurrencies:Yes – BTC, BCH, ETH
Types of Assets:Forex, Metals, Cryptocurrencies
Maximum Leverage:Up to 1:3000
Free Demo Account:Yes
Accepts US clients:No

Alpari Regulation and Licensing Broker?

Important to realize is that FSC is not on the list of Tier 1 regulators like FCA, BaFin or ASIC. We checked their registers and we couldn’t find any information about the Alpari broker. Even though they were awarded as best forex broker in 2011, they earned another achievement. A penalty from FCA – Financial Conduct Authority (UK) in the amount of 140.000 GBP.

Alpari has a loose license issued by FSA, but they have it. However, some traders in Alpari reviews don’t share their satisfaction, but quite the opposite.

Reasons for Using a Regulated Broker for Trading

Offshore regulated companies have loose licenses. They don’t have very strict and defined trading conditions. As a result of those loose regulations, you have Alpari reviews with an average rating of 1.8 on Trustpilot.

Financial Watchdogs’ Red Flags and Warnings

Financial Alpari Watchdogs' Red Flags and Warnings

Another key point is a warning from multiple regulators. In this case, those institutions come from Spain (CNMV) and Malaysia (SC Malaysia). 

With this in mind, traders should think twice before making any deposits. Notably, what makes difference is trusted Tier 1 regulation that Alpari doesn’t have.

Broker Trading Software – Is MetaTrader 4&5 Available?

Surprisingly, this broker offers access to the most trusted platforms – Meta Trader 4 & 5. To point out the importance, most offshore brokers offer only web traders without any advanced features. 

On the positive side, Meta Trader offers a vast of trading features. For example, social and copy trading, advanced charting and indicator options and many more.

Mobile App for iOS and Android

To clarify the importance of the mobile version, experienced traders are making most trades on mobile devices. You are not always on your laptop when you have a good opportunity or trading signal. 

Therefore, Meta Trader provides mobile versions for both Android and iOS devices. After all, it is not without the reason on top of the hill for years as a trading platform.

Trader’s Reviews of Alpari

As can be seen in Alpari reviews, around 60% of comments on Trustpilot out of 17 are rated 1-star. Thus, this broker provides a license, but some traders find it unreliable. 

As a result, you have many clients non-satisfied with the services of Alpari broker. Therefore, you can expect some potential issues with withdrawals, as mentioned in Alpari reviews.

Alpari’s Trading Assets and Instruments

Surprisingly, Alpari broker provides only a limited amount of assets. Comparing with some other licensed brokers, we expected much more. Anyway, those assets are:

  • Forex                        USD/NOK, AUD/SGD, EUR/HKD
  • Metals                      Platinum, Gold, Palladium
  • Cryptocurrencies       BTC, XRM, LTC

Ultimately, cryptocurrencies as highly volatile assets are enough for experienced traders. However, with leverage up to 1:3000, it can be dangerous even for them.

Alpari Service Countries

To clarify the countries of service, Alpari broker has a very clear disclaimer. They don’t provide services to countries like:

  • Ukraine
  • Russia
  • Belarus
  • Korea
  • Japan
  • Canada
  • United States

Besides some other minor excluded countries, all others are potential targeting groups. Therefore, check your country’s regulations first, to see if you can trade with the Alpari trade.

Alpari Account Types

Alpari Account Types

Markedly different from other trading companies they provide 4 account types. Even though accounts differ in many aspects, from spreads, leverage, margin call and more, they are very transparent.

Here are your options:


  • Forex Micro               5 EUR/USD/GBP
  • Forex Standard         100 EUR/USD/GBP


  • Forex ECN                500 EUR/USD/GBP
  • Forex Pro                  25.000 EUR/USD/GBP

Analyze and think through all options before putting any money at risk.

Free Demo Account – Does The Broker Offer It?

If you are still skeptical about investing any money, you can use a demo account. You are trading with virtual funds and you are not taking any risks. 

On the contrary, you can develop some bad trading habits. For this reason, some traders prefer micro accounts over demo accounts.

Alpari Deals and Promotions

Generally speaking, there is no need for referring a friend promotion. Clients would do that anyway if they are satisfied. However, Alpari broker offers $50 for every referral. On top of that, the referral gets $50 as well.

Alpari Deposit and Withdrawal Policies

Equally important as trading conditions are withdrawing policies. The same methods that are used for deposits can be used for withdrawals. Some institutions include transaction fees, while others don’t. Therefore, you should check that section of the Alpari website.

Payment Methods Available

Surprisingly, they offer more transaction methods than some other companies. Accepted methods are:

  • bank transfers, 
  • card transfers, 
  • e-payments and 
  • local bank transfers. 

Depending on the method, you might have a longer processing time and variable commission. We always suggest using cards due to chargeback availability.

Alpari Terms & Conditions – What You Need to Know

Experienced traders can understand margin requirements. Before you take any risks, try to understand those. Another key point is swap. On some account types, it is free of charge, on some not.

Leverage, Spreads and Fees

Although ESMA rules allow spreads up to 1:30, this broker allows up to 1:3000. That is extremely dangerous. On the positive side, spreads are standardized and reasonable. After all, fees and commissions come up. Luckily, only the Forex ECN account has a $1.5/lot commission.

What Should I Do If I Have A Problem With Alpari?

If you had any troubles with the Alpari broker, let us know. Firstly, try reaching out to the regulator. If that doesn’t help contact our experts for advice. Book a free consultation today with our fund recovery team!

What Is Alpari?

It’s an offshore trading company that provides services worldwide in FX, Metals and Cryptocurrency markets.

Is Alpari a Regulated Broker?

Yes. However, they only have currently a loose FSA Mauritius license and warning from regulators like CNMV.

Is Alpari Available in the United States or the UK?

Alpari broker doesn’t offer services to US clients. In addition to that, Alpari got a final notice about some penalties from FCA.. So, they were trading in the UK.

Does Alpari Offer a Demo Account?

Yes. Throughout any live account type, you can register a demo account first to try out the platform.


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