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Alpari Review

Edited by: Louis Schoeman

Alpari Review

Overall, Alpari can be summarised as a trustworthy and highly regulated Forex Broker with offices throughout Mauritius and Nigeria. Alpari offers access to distinct accounts for retail investors and has a trust score of 94 out of 99.

🔎 Broker🥇 Alpari
💴 Minimum Deposit5 USD
💵 Inactivity Fee✅Yes
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMT4, MT5, Alpari App
🚀 Open an Account👉 Click Here



Alpari – Analysis of Brokers’ Main Features

  1. ☑️ Overview
  2. ☑️ Detailed Summary
  3. ☑️ Safety and Security
  4. ☑️ Account Types
  5. ☑️ How To Open an Alpari Account
  6. ☑️ Trading Platforms and Software
  7. ☑️ Fees, Spreads, and, Commissions
  8. ☑️ Which Markets Can You Trade with Alpari?
  9. ☑️ Leverage and Margin
  10. ☑️ Deposit and Withdrawal
  11. ☑️ Educational Resources
  12. ☑️ Conclusion
  13. ☑️ Frequently Asked Questions



Established in 1998, Alpari has become a prominent player in the online forex brokerage market and boasts its primary operations hub in Saint Vincent and the Grenadines.  With an extensive global footprint that includes offices throughout Mauritius and Nigeria, their influence spans regions far beyond Africa’s borders.

By effectively leveraging social media platforms like Twitter, Facebook, and Instagram during this digital era; they showcase their commitment to fostering robust customer engagement while simultaneously providing instant support channels with up-to-date market insights for all clients who require it.

Although lacking the prestigious Tier-1 and Tier-2 licenses commonly linked to utmost trust in the industry, Alpari remains dependable as it is regulated by the Financial Services Commission of Mauritius (FSC) and holds a Tier-3 license under number C113012295 for additional protection.

Operating within regional constraints, Alpari must navigate challenging regulatory surroundings while meeting global compliance demands to serve its diverse clientele – with certain countries excluded, such as traders from the United States or European Union jurisdictions.

Alpari provides diverse account types to meet traders’ varying requirements and expertise.

With four distinct accounts for retail investors, including a demo version without expiry dates for practice trading sessions, Alpari accommodates individuals at all skill levels, from novices to experienced hands.

Moreover, their adaptable stance regarding trading tactics such as scalping, hedging, and Expert Advisors (EAs) fosters an enjoyable experience that allows traders to employ different strategies freely.



Detailed Summary

🔎 Broker🥇 Alpari
📈 Established YearSaint Vincent and the Grenadines
📉 Regulation and LicensesFinancial Services Commission Mauritius (FSC)
5️⃣ Ease of Use Rating4/5
🎁 Bonuses✅Yes
⏰ Support Hours24/5
🖱️ Trading PlatformsMetaTrader 4, MetaTrader 5, Alpari App
⚙️ Account TypesMT4 Standard Account, MT4 Micro Account, MT4/5 ECN Account, MT4 Pro Account
🪙 Base CurrenciesEUR, GBP, USD, NGN
📊 SpreadsFrom 0.4 pips on the ECN and Pro Accounts
💹 LeverageFixed 1:400 on Micro and floating from 1:1000 on Standard, ECN, and Pro
💴 Currency Pairs61; major, minor, and exotic pairs
💵 Minimum Deposit5 USD
💶 Inactivity Fee✅Yes
📌 Website LanguagesEnglish, Chinese (Simplified), Chinese (Traditional), Persian, Indonesian, Spanish, Filipino, Portuguese, Malaysian
💷 Fees and CommissionsSpreads from 0.4 pips, commissions from $3 per lot
📍 Affiliate Program✅Yes
❌ Banned CountriesThe United States, Japan, Canada, Australia, the Democratic Republic of Korea, the European Union, the United Kingdom, Syria, Sudan, Cuba, Iran, Mauritius, Haiti, Suriname, Brazil, Puerto Rico
📈 Scalping✅Yes
📉 Hedging✅Yes
📐 Trading InstrumentsForex, precious metals, commodities, stocks, indices
🚀 Open an Account
👉 Click Here


Which social media platforms does Alpari have a presence on?

Alpari has an active presence on Facebook, Twitter, and Instagram, sharing information and interacting with its followers.


What kind of regulation does Alpari have?

Alpari is overseen by the Financial Services Commission of Mauritius (FSC), which ensures compliance with financial norms and procedures.

Detailed Summary 


Safety and Security

Alpari has implemented strict measures to safeguard its clients’ funds and personal information. To protect client investments, Alpari separates its funds from its operational funds. This segregation ensures that client money is not used for business expenses and adds an extra layer of security.

Moreover, as a member of The Financial Commission, Alpari provides traders with protection through a compensation fund that covers up to €20,000 per claim in case customers raise any issues or complaints.

Alpari has enforced strict data protection protocols in its digital operations. Although the company does not expressly specify whether it utilizes SSL certificates for its websites and platforms, encryption technologies are commonly utilized across the industry to safeguard sensitive information during internet transmission.

Moreover, Alpari showcases dedication to maintaining customer confidentiality and complying with data privacy regulations by adhering to an uncompromising privacy policy.

Moreover, Alpari utilizes two-factor authentication (2FA) whenever appropriate to enhance security measures for the login and withdrawal procedures.

Including an extra level of identification alongside a password significantly reduces the possibility of unauthorized entry by obligating users to provide another form of verification.

Safety and Security


Account Types

🔎 Account Types🥇 Standard🥈 Micro🥉 ECN🏅 Pro
🩷 Best SuitedIdeal for casual tradersIdeal for beginnersIdeal for scalpers and algorithmic tradersIdeal for professional traders
📈 Markets61 Forex Pairs
5 Precious Metals
14 CFDs
25 Forex Pairs
2 Precious Metals
MetaTrader 4 - 56 Pairs on Forex, 3 Spot Metals, 25 Spot CFDs
MetaTrader 5 - 57 Forex Currency Pairs, 2 Spot Metals, 14 Spot CFDs
54 Forex Pairs
3 Spot Metals
💴 CommissionsNone; only the spread is chargedNone; only the spread is charged$1.5 per side, per lot or $3 per standard lotNone; only the spread is charged
📉 PlatformsMetaTrader 4MetaTrader 4MetaTrader 4, MetaTrader 5MetaTrader 5
📊 Trade Size0.01 lots – unlimited0.01 lots – 1,000 cent lots0.01 lots – unlimited0.01 lots - unlimited
💹 LeverageFrom 1:1000Fixed, 1:400From 1:1000From 1:300
💷 Minimum Deposit100 USD5 USD500 USD25,000 USD
🚀 Open an Account
👉 Click Here👉 Click Here👉 Click Here👉 Click Here


The Alpari Standard Account is designed for traders new to the trade and requires a minimum deposit of $100. There is no maximum limit on deposits, allowing traders great flexibility in determining their trades with up to 1:1000 floating leverage.

The account has zero commission fees and variable spreads starting at 1.2 pips, making it an attractive option for those looking for easy-to-use trading conditions.

Using the MT4 platform ensures reliable and universally recognized trading experiences that cater to all proficiency levels from beginners upwards.

Standard Account

Micro Account

Alpari’s micro account is tailored to beginners and those who want to trade in smaller quantities, requiring only a minor deposit of $5. Balances are reflected in cents, presenting traders with an ideal low-risk setup to obtain market familiarity.

The fixed leverage offered at 1:400 provides some room for maneuvering while managing risks efficiently.

Novice Forex traders can use this cost-effective option as it offers floating spreads from 1.7 pips without commission fees. It is perfect if they desire testing tactics or moving away from demo trading into live markets without committing significant financial outlaying funds.

Micro Account

ECN Account

Alpari offers an ECN Account for traders who prefer directly connecting to other market participants using Electronic Communications Network technology. The account charges $3 per lot in commission and features spreads as low as 0.4 pips, which suits those seeking clear pricing structures.

A minimum deposit of $500 grants access to MT4 and MT5 platforms, with a Swap-Free option available on the former platform.

This model is advantageous for scalpers and high-frequency traders because it allows them to trade larger volumes quickly due to its fast order execution speeds provided by the ECN model’s efficiency.

ECN Account

Pro Account

The Alpari Pro Account is an extraordinary option created specifically for committed traders. An initial deposit of $25,000 is mandatory, but the account offers commission-free variable spreads and market execution from as low as 0.4 pips.

Aimed at affluent individuals or institutional traders who engage in substantial trading volumes and require unlimited order volume and significant liquidity, it provides a maximum leverage cap of 1:300.

The all-inclusive platform designed exclusively on MetaTrader 4 caters to discerning professionals seeking premium-grade trading surroundings.

Pro Account

Demo Account

The Alpari Demo Account serves as a financial risk-free training ground, mirroring the features of the Standard and ECN accounts. It facilitates the testing and practice of strategies and offers supplementary virtual funds upon request.

Although it maintains perpetual activity, a dormancy of more than fourteen days may result in its deactivation; however, it is straightforward to reactivate or replace. This account is of immense value to novice and seasoned traders trying to perfect their market strategies.

Demo Account

Islamic Account

Alpari accommodates Muslim traders with their Islamic Account that adheres to Sharia principles and eliminates swaps. This feature supports all account tiers – Standard, Micro, ECN, and Pro– on MetaTrader 4, allowing for uninterrupted Forex market participation without violating religious beliefs.

Alpari’s endorsement of inclusivity is illustrated by providing an ethical trading environment maintained in both conventional accounts and its Islamic counterpart.

Islamic Account

Professional Account

Alpari’s Professional Account is designed to accommodate seasoned traders who have developed sophisticated trading requirements. By eliminating commission charges and requotes, this account provides market execution and competitive spreads.

It grants access to substantial trading volumes and profound liquidity, facilitating the execution of a resilient trading strategy. This account caters to the exacting requirements of serious market participants, providing professional traders with the efficiency and comprehensive features they require.


How many retail investor accounts are on offer?

Alpari has four retail investor accounts: Forex Standard, Forex Micro, Forex ECN, and Forex Pro.


Can I open a demo account?

Yes, Alpari provides a demo account with an infinite length for traders to practice trading techniques without risk.

Professional Account


How To Open an Alpari Account

  • To register an account with Alpari, follow these steps:
  • Visit the Alpari regional website and navigate to the “Open Account” section.
  • Choose an Account Type.
  • Provide accurate personal information.
  • Make a Deposit.
  • Install the selected operating system on your device.


What is the first step to open an account?

To create an account with Alpari, click the “Register” button at the top of the page and enter your personal information.


What documents are required to verify an account?

Alpari demands an identification document (ID, passport, or driver’s license) and proof of residence (a recent utility bill or bank statement) for account verification.

How To Open an Account


Trading Platforms and Software

MetaTrader 4

Alpari utilizes MetaTrader 4 (MT4) as its trading infrastructure – a well-known platform renowned for its user-friendly interface and robust features.

MT4 provides an extensive range of tools, including technical analysis indicators, advanced charting capabilities, and automated expert advisors, enabling traders to automate their trades efficiently. It has become the industry standard in forex trading due to its amenities.

Alpari’s version of MT4 caters to all levels of expertise with a secure environment guaranteed for seamless trading operations.

The community on this platform is vast, incorporating resources from various contributors, making it useful educational material for any trader looking forward to expanding their market knowledge bank.

MetaTrader 4

MetaTrader 5

Alpari is expanding its platform offerings by introducing MetaTrader 5 (MT5). As the successor to MT4, it offers a range of modern enhancements that cater specifically to traders. With features like Market Depth and distinct forex and stock trading systems, MT5 provides a robust trading system.

Furthermore, an expanded range of order types is facilitated, along with an integrated economic calendar available for use. Additionally, supplementary technical indicators and graphical elements in MT5 allow for more in-depth market analysis than other platforms.

By integrating MT5 on their platform, Alpari caters to clients looking for comprehensive trade experience, which includes faster processing speeds and position hedging capabilities, making it easy to calculate the risks involved when investing or challenging situations arise during trades.

MetaTrader 5


To meet the needs of mobile traders, Alpari offers a trading app for smartphones and tablets that complements their desktop platform. With seamless integration into existing accounts, users can effortlessly switch from computer to mobile.

The intuitive design allows monitoring of markets, executing transactions, and managing accounts at any time or place.

Key features include dynamic currency charts, an extensive array of trade orders, and analytical tools favored throughout the industry – all combining to provide uninterrupted connectivity while allowing rapid response times when market fluctuations occur.


What trading platforms are supported?

Alpari supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and the Alpari mobile app.


Can I trade on my mobile?

Yes, the Alpari Mobile App supports trading on smartphones and tablets and provides full trading capability.



Fees, Spreads, and, Commissions


Alpari’s trading market advantage is defined by its narrow spreads. These represent the difference between an instrument’s ask and bid prices, beginning at only 0.4% for popular currency pairs like EUR/USD.

This characteristic benefits high-frequency traders who use strategies such as scalping since they can execute more trades with reduced costs per transaction due to this thin margin.

Furthermore, Alpari offers floating spreads that respond in real-time to market conditions, providing dynamic pricing reflecting volatility or liquidity levels, contributing a distinct feature of their offering.



The approach adopted by Alpari varies depending on the account type. The ECN Account, for instance, has a commission charge of $3 per lot that covers transaction initiation and termination expenses.

With an emphasis on transparency as part of its ECN model, Alpari’s fee structure ensures that all trading costs incurred during each trade are visible to traders. It is important for high-volume traders to closely consider this commission since it directly affects their trading fees and potential profits.


Overnight Fees

Alpari charges overnight fees, also known as swap rates, for any open positions beyond the close of trading. These fees are calculated based on the interest rate gap between traded currencies.

Traders must understand how these fees affect their transactions if they hold a position over an extended period. Whether these fees add cost or provide compensation depends entirely on trade direction and interest rates.


Deposit and Withdrawal Fees

Alpari simplifies both withdrawal and deposit processes. Deposits entail minimal fees as the broker shoulders most of them. Withdrawal charges, on the other hand, vary depending on one’s chosen method and financial institution policies.

Traders must take note of such expenses, which can either be a fixed rate or proportionate to how much will be withdrawn in managing funds.

It is important for traders to regularly evaluate preferred withdrawal channels’ fee structures so that fund transfers become effective while cutting down costs simultaneously.


Inactivity Fees

Account holders must consider Alpari’s inactivity fees as an essential factor. If a trading account remains dormant for six consecutive months without any activity, the company assesses a monthly fee of $5.

This practice is customary within the industry to encourage active user participation and promote regular account management or consistent trading activity.


Currency Conversion Fees

Alpari charges a fee for currency conversion when processing transactions in currencies other than the trader’s account-based currency. This charge compensates for the need to convert currencies during cross-currency transactions.

Traders engaged in diverse international instruments should take note of these fees, as they can affect overall trading costs significantly, especially while managing multiple currencies across different markets.


What are the starting spreads for trading forex?

The initial spread for trading EUR/USD with Alpari is as little as 0.4 pips.


Are commission Fees charged?

Yes, Alpari charges a commission for its ECN account, which starts at $3 per lot.

Alpari Fees, Spreads, and, Commissions


Which Markets Can You Trade?

Alpari offers the following trading instruments and products:

  • 60+ accessible pairs
  • 5 precious metals
  • 3 commodities
  • 10 distinct shares

A diverse range of global indices are available for trading by Alpari’s traders, who have access to 28 indices.


Is cryptocurrency trading on offer?

Yes, you can trade cryptocurrencies on Alpari’s ECN MT4 platform.


What forex pairs can I trade?

Alpari trades 60 currency pairs, including major, minor, and exotic pairings.

Which Markets Can You Trade


Leverage and Margin

Leverage and margin are approached in a multifaceted manner by Alpari to facilitate a variety of trading strategies and risk tolerances.  A crucial aspect of leveraged trading, the margin requirement ensures that traders’ accounts are replete with adequate funds to absorb potential losses.

Maximum leverage is also determined by the notional value of a trader’s positions, which is utilized to establish tiers for Alpari’s margin requirements.

Alpari provides leverage of up to 1:1000 for notional values up to 200,000 USD for Standard and ECN trading accounts; this leverage decreases as the notional value increases.


What is the maximum leverage offered?

Alpari provides maximum leverage of up to 1:1000 for certain account types.

Leverage and Margin

Deposit and Withdrawal

🔎 Payment Method🌎 Country🪙 Currencies Accepted⏰ Processing Time
💴 FasaPayIndonesiaUSD, IDRInstant
💵 Latin American SolutionsMexicoMXN1 – 4 days
💰 Mexican Local TransferMexicoMXN24 hours
💶 Egypt Local TransferEgyptEGP24 hours
💷 Local Indian SolutionsIndiaINR24 hours
💴 Local Exchange HouseN/AN/A24 hours
💵 African Local Solutions (C)Ghana, Uganda, KenyaGHS, UGX, KES48 hours – 2 days
💰 Indonesian Local TransferIndonesiaIDR24 hours
💶 Latin American Solutions (Skrill)Latin AmericaUSD1 – 4 days
💷 Afghan Local TransfersAfghanistanAFN24 hours
💴 Southeast Asia Online BankingMalaysia, Thailand, Indonesia, VietnamMYR, THB, IDR, VNDInstant – 24 hours
💵 Turkish Local TransfersTurkeyTRY24 hours
💰 Nigeria Local Bank Wire TransferNigeriaNGN1 day
💶 Online Banking MalaysiaMalaysiaMYRInstant – 24 hours
💷 Online Banking IndonesiaIndonesiaIDRInstant – 24 hours
💴 Ngan Luong (e-Wallet and Banking)VietnamVNDInstant – 24 hours
💵 GlobePayAllGBP, USD, EURInstant – 24 hours
💰 Iraq Local Transfers (SHAK)IraqIQD24 hours
💶 Online Banking VietnamVietnamVNDInstant – 24 hours
💷 Online Banking ThailandThailandTHBInstant – 24 hours
💴 China Online Banking (P)ChinaCNY24 hours
💵 VisaAllEUR, USD, GBPInstant – 24 hours
💰 MastercardAllEUR, USD, GBPInstant – 24 hours
💶 MaestroAllEUR, USD, GBPInstant – 24 hours
💷 NetellerAllEUR, INR, USD, GBP, PLN, NGNInstant – 24 hours
💴 SkrillAllEUR, USD, GBP, PLN, CZKInstant – 24 hours
💵 Crypto WalletsAllBTC, ETH, LTC, DASH, XRP, USDT24 – 48 hours
💰 VLOADAllUSD, EURInstant – 24 hours
💶 TC Pay WalletUAEUSD, EUR, AEDInstant – 24 hours
💷 WebMoneyAllUSD, RURInstant – 24 hours
💴 Perfect MoneyAllUSD, EURInstant – 24 hours
💵 BitcoinAllBTC24 hours
💰 Bank Wire TransferAllGBP, USD, EURInstant – 24 hours

Here is an overview of how to deposit to Alpari via the most popular Deposit Options:


Bank Wire

  • First, Access your “myAlpari” account dashboard.
  • Next, make your way to the “Deposit Funds” directory
  • Choose “Bank Wire Transfer” from the list of available alternatives.
  • Enter the specified bank information and the desired deposit amount.
  • Review the bank wire instructions supplied by Alpari.
  • Finally, visit your bank’s website to commence a wire transfer utilizing the information provided.


Credit or Debit Card

  • First, access your “myAlpari” account dashboard.
  • After clicking ‘Deposit Funds,’ select ‘Credit or Debit Card‘ from the list of available payment methods
  • enter the deposit amount.
  • Card information should be provided, including the card number, expiration date, and CVV code.
  • Please verify your billing address and fulfill any further authentication requirements.
  • The funds should be promptly deposited into your account upon successful payment submission.


Cryptocurrency Wallets

  • Navigate to the ‘myAlpari’ dashboard.
  • After selecting ‘Deposit Funds,’ choose the desired cryptocurrency
  • enter the desired deposit amount.
  • To initiate the transfer, open your cryptocurrency wallet, and input the provided address.
  • After verifying the transaction information, finalize the transfer.


e-wallets or Payment Gateways

  • Select your preferred e-wallet by clicking “Deposit Funds.”
  • Define the quantity that you wish to deposit.
  • You will be redirected to the website of the e-wallet or payment gateway.
  • Enter your e-Wallet credentials or follow the instructions provided by the payment gateway.
  • Verify the payment information and grant permission for the transaction.

Alpari Deposits


Here is an overview of how to make a Withdrawal from Alpari via the most popular Withdrawal Options:

Bank Wire

  • Access your “myAlpari” account dashboard.
  • Navigate to the “Withdraw Funds” page
  • Select “Bank Wire Transfer” from the options for withdrawals.
  • Complete the withdrawal form with the desired amount and the necessary banking information.
  • Verify the withdrawal information.


Credit or Debit Cards


  • Navigate to the ‘myAlpari’ account section.
  • Proceed toward the “Withdraw Funds” subsection
  • Choose a debit or credit card as the mode of withdrawal.
  • The withdrawal amount must not surpass the initial deposit using the same credit card.
  • Complete any further fields necessary to process the withdrawal to your card.
  • After verifying all information, submit your withdrawal request.


Cryptocurrency Wallets

  • Log into your “myAlpari” account.
  • Go to the tab labeled “Withdraw Funds” and select the cryptocurrency withdrawal option.
  • Provide the address of the cryptocurrency wallet where the funds are to be deposited.
  • Submit the withdrawal request.

e-wallets or Payment Gateways Wallets

  • Access your “myAlpari” account dashboard.
  • Select the “Withdraw Funds” link and Choose your preferred e-wallet service.
  • If redirected, you might be required to log in to your e-Wallet account.
  • Verify the transaction by reviewing the withdrawal details.


How long do withdrawals take?

Withdrawals from Alpari normally take one to three business days, depending on the method selected.


Are there any fees for depositing or withdrawing funds?

No, Alpari does not charge deposit fees, although withdrawal costs vary depending on the payment provider’s restrictions.



Educational Resources

Alpari offers access to the following educational resources:

  • Webinars
  • Forex Trading Strategies Guide
  • Commodity Trading Guide
  • Precious Metals Trading Guide

and much, MUCH more!

Educational Resources


In Conclusion

Alpari is a well-established Forex Broker that ticks all the boxes, especially for beginner traders who are looking for Educational resources and Rewards.



Yes, demo accounts are available for testing trading techniques and becoming acquainted with the platform before risking real money.

Alpari withdrawals normally take one to three business days, depending on the method chosen. Electronic payment options may have faster processing times, but bank wire transfers may be on the longer end of this spectrum.

No, Alpari does not accept customers from certain nations, such as the United States, Japan, or Russia. Before you register, make sure you meet their eligibility requirements.

Alpari’s minimum deposit starts from 5 USD on the Micro Account and goes up to 25,000 USD on the Pro Account.

Several methods are supported, including bank transfers, credit/debit cards, e-wallets, and cryptocurrency.

Yes, Alpari is regarded as a safe broker, having implemented many security measures such as segregated client assets, participation in a compensation fund for further safety, and strict adherence to data protection rules to guarantee customer information stays secure.

Yes, swap-free Islamic accounts are offered to customers who follow Sharia law.

Alpari is based in Saint Vincent and the Grenadines and has other offices in Mauritius and Nigeria, establishing it as a broker with a significant presence on the African continent and abroad.

Alpari offers instructional tools and beginner-friendly account settings, but proper research and risk management are essential for every trader, regardless of expertise.

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