Alpari Review

Read our in-depth forex broker review on Alpari ✅ Find out how this brokers broker compares to others.
Overall Rating


Top 5 Forex Brokers

Alpari Review

📅 Year founded 1998
📈 Multiple top-tier regulation Yes
📍 Headquarters Kingstown, Saint Vincent and the Grenadines
🌍 Country of regulation Mauritius
✅ Regulators FSC
📈 Execution Type Market Execution
💰 Minimum Deposit $5 USD
🛡️ Negative Balance Protection Yes
📉 Trading Platforms MetaTrader4 / MetaTrader5
 ☪  Islamic account Yes
📉 Trading Instruments Forex / Spot Metals / Spot Commodities / Stocks / Spot Indices
📱 Mobile trading iOS / Android / Windows
💳 Payment Types Accepted Credit and Debit Cards / Bank Wire Transfer / Local Transfers / Neteller / Skrill / Cryptocurrencies / TC Pay Wallet / WebMoney / PerfectMoney 
🎮 Demo Account Yes
 ⓒ Copy Trading Yes
🎁 Bonus Offer Refer a Friend $50 USD / Loyalty Cashback
💰 Account Currencies USD / EUR / GBP / NGN
📈 Minimum Trade 0.01 Lots
📈 Account Types STP / MAM / PAMM
📈 Margin Trading Yes
📈 Trading fees Low
📈 Inactivity fee After 6 Consecutive Months
💰 Withdrawal fee No
☎ Customer Support 24/5 Assistance / Limited on Weekends
💰 Max. Leverage 1 000:1
✔️ Hedging Allowed Yes
✔️ Scalping Allowed Yes
💰 Commission Low
💰 Spreads From 1.2 pips
💰 Leverage Flexible
💰 Currency Pairs (Total Forex pairs) 61
🔢 Number of clients 2 000 000 +
🥇 Instruments Offered 250 +
📙 Education Online Guides / Online Workshops / Webinars / Trading Articles and Insights

Click here ✅ Open a Trading Account





Found in 1998, Alpari Group (Alpari) is a respectable forex and CFD brokerage firm with its headquarters located in Saint Vincent and the Grenadines. Since 1998, the brokerage firm has expanded internationally, and this online broker is regulated by the FSC in Mauritius.

At Alpari, clients can trade a range of trading instruments, such as forex, spot metals, spot commodities, stocks and spot indices.

The broker also offers the world renowned MetaTrader4 (MT4) and MetaTrader5 (MT5) trading platforms to its traders.




Alpari was found and established by a group of Russians in 1998, where after Alpari became one of the top forex trading companies globally over the last 25 years, run by professional and experienced brokers.

Since 1998, Alpari has expanded globally, with centres all over the world. Alpari has become a recognised and well-established brand, serving over 2 000 000 clients with their successful operation.

Alpari offers a range of various broker account types, excellent client services and valuable trading conditions. Alpari is a great option for professional traders or for traders that are just starting out. A trading beginner will be able to gain access to a free demo account, a social trading account or a micro account.

Alpari offers features and services that are designed for both professional traders and beginner traders. With Alpari, a professional trader has access to ECN and Pro accounts, whereby beginner traders can use the Alpari Copy Trading program as a start.

Alpari is also an ECN broker that offers STP (Straight Through Processing) for their customer’s orders, which means that traders can get closer to the market rate on very low spreads.

With this broker, experienced or professional traders do not only have access to ECN trading, but they can also generate additional earnings by becoming a Strategy Manager. When becoming a Strategy Manager, other traders may copy the Strategy Manager’s trades, whereby the Strategy Manager will earn a portion of their earnings.

Alpari clients can trade on over 250 markets through forex, spot metals, spot commodities, stocks and spot indices with the MT4 and MT5 web, desktop and mobile platforms.

Alpari offers a trustworthy, dependable and tech-advanced trading environment, in conjunction with exceptional client service. Alpari’s website is simple, clean and striking while the information is effectively structured and easy to understand. The website also has a FAQ section that a customer may find very handy.





  • Variety of trading accounts to choose from.
  • Commission-free trading on some trading accounts.
  • MT4 and MT5 trading platforms available.
  • Trade on either desktop, web or mobile.
  • Copy-trading program available.
  • Low spreads.
  • Cutting-edge technology.
  • High leverage.
  • Client funds are segregated.
  • Found and established in 1998.
  • Low Alpari minimum deposit.
  • More than 60 currency pairs to trade with.
  • Social trading available.
  • Copy trading broker account.
  • Competitive leverage spreads and margins.



  • Restricted trading education.
  • Lack of research tools.
  • Single stock CFDs not available.
  • Low Leverage on the cryptocurrency CFDs.
  • High withdrawal brokerage fee.
  • Limited variety of trading instruments.
  • Not FCA Regulated.




Alpari is a great trading platform, especially for forex traders. Alpari provides traders access to a wide selection of forex currencies, with 61 pairs on offer. In terms of their overall offering on trading instruments, they unfortunately do offer less variety than their competition, with only 250 instruments on offer.

Traders have a limited range of trading instruments to choose from with Alpari, ranging from forex, spot metals, spot commodities, stocks and spot indices.




Alpari provides the most recognised and well-known MT4 platform together with its more advanced generation MT5. Both platforms offer versions for computers, laptops and Android / iOS devices in order to allow trading anywhere.

Both platforms are highly popular with an all-inclusive variety of charting and analytical tools. These trading platforms provide trading benefits to both professional and beginner traders thanks to their global reputation and community support.

Traders can download their preferred trading platforms straight from Alpari’s homepage on the website, or on their account at the ‘My Platforms’ section.

Alpari is a MetaTrader only broker that provides the MT4 and MT5 platforms for mobile, desktop and web. They offer the universally recognised MT4 and MT5 for Windows desktop and WebTrader. The WebTrader version allows a trader to trade with Alpari without installing any program on his / her PC.

Alpari offers the MT trading app for both iOS and Android devices. The trading app provides a range of features for traders to use their accounts on the move.


The MT4 trading app provides:

  • All order types and execution modes.
  • Considered as the best trading app available.
  • Line, bar and candlestick chart views.
  • Different viewable timeframes.
  • Different trading indicators.


The MT5 trading app provides:

  • Notifications on financial news.
  • Hedging and netting account options.
  • Superb market depth.
  • Entire set of orders, together with pending and stop-orders.


MetaTrader 4 Platform

Alpari is a broker for MT4. The Alpari MT4 platform is considered as the best trading platform that offers a wide-ranging choice of charting tools along with the capability to personally modify the platform to meet the trader’s own needs. Additionally, MT4 has different trading strategies, scripts, indicators and a built-in programming language.

The MT4 trading platform offers a selection of features, such as:

  • Major trading instruments.
  • Multi-language client support.
  • Automated trading.


MetaTrader 5 Platform

The Alpari MT5 platform provides even more than what the MT4 platform offers. MT5 introduces several ground-breaking technical upgrades and features, such as:

  • Ready-to-use Expert Advisors/trading robots.
  • Scripts and indicators created with MT5’s integral programming language.
  • MQL5.
  • The ability to improve trading strategies with a fast back-testing tool.

The MT5 platform is set for a more specialised trader since it delivers 39 graphical objects, 38 integral indicators and a lot of customised options.




Alpari has several broker account options to choose from which are all custom-made to different levels of trading experience. Alpari offers both STP (Straight Through Processing) and ECN (Electronic Communications Network) accounts.

All Alpari’s accounts have a swap-free version for MT4 users, which are perfect for Muslim traders who need to comply with Sharia law.



Alpari’s Standard forex account provides all type of traders with a secure and user-friendly trading environment. This account has been created to meet the requirements of many traders across the world. The Standard Account is perfect for traders want to get more serious about taking advantage of markets.

The Standard Account (MT4) consists of the following specifications:

  • The Standard Account can work with MT4.
  • Account currencies are available in USD, EUR, GBP or NGN.
  • Floating leverage from 1 000:1.
  • Instant order execution.
  • Spreads from 1.2 pips.
  • No hidden commissions.
  • Swap-free option on MT4.
  • Alpari minimum deposit of $100 USD (equivalent currency pair).
  • Margin call of 60%.



The Micro Account is custom made for beginners and for traders who wants to sharpen their trading skills again. This is a traditional trading account, except for deposits being displayed as cents. For example, a deposit of $5 USD will appear as 500 cents in a trader’s account.

In order to open a Micro Account, a minimum deposit of $5 USD (equivalent currency pair) is required. This account has several other benefits, such as:

  • Beginners can test their trading abilities without taking high risks.
  • The account allows traders to experience real trading opportunities before attempting to risk more money.

The Micro Account (MT4) consists of the following specifications:

  • The Micro Account can work with MT4.
  • Account currencies are available in USD, EUR, GBP or NGN.
  • Fixed leverage from 400:1.
  • Instant order execution.
  • Spreads from 1.7 pips.
  • No hidden commissions.
  • Swap-free option on MT4.
  • Alpari minimum deposit of $5 USD (equivalent currency pair).
  • Margin call of 50%.



With the Alpari Pro account, a trader gets greater liquidity, lower spreads and faster execution. The account is custom made for hedge fund managers, pro traders and institutional traders. The Pro Account provides all the necessary features that are essential for experienced traders.

The Pro Account (MT4) consists of the following specifications:

  • The Pro Account can work with the MT4.
  • Account currencies are available in USD, EUR, GBP or NGN.
  • Floating leverage from 300:1.
  • Market order execution.
  • Spreads from 0.4 pips.
  • No hidden commissions.
  • Swap-free option on MT4.
  • Alpari minimum deposit of $25 000 USD (equivalent currency pair).
  • Margin call of 120%.



With Alpari’s ECN Account, a trader may experience a more transparent, more flexible and more efficient trading. The Electronic Communication Network (ECN) provides a direct link with brokerages, banks and other liquidity providers for traders to perform trades.

With ECN’s countless trading benefits, it has developed into one of the world’s most popular forms of trading. The ECN Account (MT4 / MT5) consists of the following specifications:

  • The ECN Account can work with either the MT4 or MT5 platforms.
  • Account currencies are available in USD, EUR, GBP or NGN
  • Floating leverage from 1 000:1.
  • Market order execution.
  • Spreads from 0.4 pips.
  • Commission: $1.5 USD / lot per side.
  • Swap-free option on MT4.
  • Alpari minimum deposit $500 USD (equivalent currency pair).
  • Margin call of 100%.




Alpari provides a swift and user-friendly account opening process for either a live or demo account.

  1. Go onto their website and select the “Register” tab option on the home page.
  2. You will be reverted to the registration page.
  3. Fill in the required blocks and select the “Send pin” option.
  4. Once you have selected the “Send pin” option, a pin will be sent to your phone or email. Use this pin to finalise the registration process.
  5. Log into your account and provide the requested documentation, such as a copy of your passport, driver’s license or national ID document.
  6. A utility bill or bank statement will also be requested to verify your address.
  7. A few simple questions will also have to be answered to confirm your trading experience.
  8. Once the above has been done, you will gain access to your own personal trading dashboard.
  9. On the dashboard, you can open a new account or manage different accounts.
  10. You can choose to open a live trading account, a demo account and an investment account.




Alpari offers a social trading account and a demo trading account as well as allowing copy trading on their platforms.


Social Account (Alpari CopyTrade)

The social trading account (Alpari CopyTrade), allows traders to benefit from the knowledge and expertise of more professional traders, called Strategy Managers. Alpari CopyTrade is a user-friendly copy trading program meant for traders that may not have the time or knowledge to trade.

A trader can make a profit from trading on this account while still practicing how to trade effectively. A percentage (10%) of the profit a trader makes on Alpari CopyTrade, will go to the relevant Strategy Manager.

The social account is a great option for a beginner trader. The account allows traders to automatically copy the trades of Strategy Managers. A trader can choose any Strategy Manager, where after the system will automatically copy the relevant Strategy Manager’s trades.

Alpari provides their clients with an easy-to-understand breakdown of the main trading terms, since Alpari CopyTrade contains language that can be difficult to understand.

The Alpari CopyTrade system offers traders a different way of earning some additional money without compromising an individual’s daily routine.


Demo Account

Alpari provides demo accounts with no boundaries. A beginner will be capable to learn on this account with no risk, but within real market conditions.

Alpari also provide demo versions of all their live accounts, with the exception of the Pro Account. Traders can learn to trade with virtual money until they are all set to trade on live accounts.




Alpari’s commissions and fees are different for each account type and platform. Alpari offers a range of trading accounts with different spreads and commissions, with certain accounts being commission-free.

The trading costs vary based on the type of trading account that is opened, such as the following examples:

  • Standard Account (MT4) – No commission, floating leverage from 1 000:1 and spreads from 1.2 pips.
  • Micro Account (MT4) – No commissions, fixed leverage from 400:1 and spreads from 1.7 pips.
  • Pro Account (MT4) – No commissions, floating leverage from 300:1 and spreads from 0.4 pips.
  • ECN Account (MT4/MT5) – Commission of $1.5USD / lot per side, floating leverage from 1 000:1 and spreads from 0.4 pips




With Alpari, you trade on margin and with high leverages, which means that the capital a trader needs to cover a position is merely a part of the size of that position. Alpari has a wide-ranging degree of leverage trading limits with a maximum leverage of 1 000:1 at the top of the spectrum.

In order to trade with greater amounts, a trader can leverage his / her position to place greater value trades. The bigger a trader’s trading volumes and the larger his / her account, the more leverage is available to use.




Alpari has made deposits and withdrawals of trading accounts a very easy process. When a trader wants to deposit into a live trading account, the trader will have a choice of various payment options. Payment options are listed for convenience in the table above.

Alpari has a variety of deposit options for the satisfaction of their customers that are in various countries. Traders are able to make account-to-account transfers in EUR, USD and GLD currencies without any commissions.

There are multiple different options for deposits and withdrawals that are offered by Alpari and the fees depend on the type of option selected. Alpari makes withdrawals just as convenient as deposits.




Alpari is known for providing excellent customer services to their clients, along with offering great assistance through emails, live chat and phone service. Their website can also be viewed in 9 different languages including English, Chinese and Persian.

Their customer and client support are offered in several languages including Spanish, English, Indonesian and many others. There are multiple ways to reach Alpari’s customer support team. Alpari’s client support team are fast to reply, experienced and eager to assist.




Alpari has a great reputation amongst traders and is a regulated broker for forex and they have been around for a number of years. Alpari is a recognised and established brand with a great history of successful operations.

Alpari ensures strong safety and security of their clients’ funds. Alpari protects their clients’ capital by storing their money in segregated accounts and working together with trustworthy banks.

To protect their clients’ financial and personal data, Alpari adheres to strict security and financial standards and makes sure that all data is encrypted with cutting-edge encryption techniques.




Alpari offers a Refer-a-Friend program whereby trader can refer new clients to Alpari and in exchange, receive $50 USD per referral, as well as $50 USD for the friend they have referred.

For further terms and conditions on this program, visit the broker’s website here.




Unfortunately, Alpari does not offer any research tools to its traders. There is no evidence of such on their website or trading platforms, but some MT trading platforms do provide news.




Alpari provides some degree of education on their website under the ‘Learn to Trade’ tab. This includes a Beginner’s Guide to Trading, Forex Trading Strategies, Commodity Trading Guide and Precious Metals Guide.

Additionally, there are live webinars from time to time as well as online workshops available for traders to attend and hone their trading skills. Further details are provided below:


Forex Trading Webinars

Exceptional forex trading webinars are presented by industry professionals who are acquainted with the markets. With the help of these experts, you can master simple trading strategies and sharpen your trading skills.

The broker’s webinars cover a huge variety of relevant educational topics. These webinars are designed to cater to all types of traders. You can expect the following with Alpari’s webinars:

  • Learn the basics of financial trading.
  • Discover different risk management trading techniques.
  • Take part in Q&A sessions.


Beginners Guide to Trading.

Alpari’s beginners’ guide to trading is created to explain difficult trading terminology and to answer relevant FAQs in the trading world. This guide is perfect for traders who are just starting out and for traders who want to gain confidence in their trading.


Forex Trading Strategies

It is essential for traders to know as much as they can about the markets. If you understand the markets and the core trading strategies, you may see an increase in your profit.

Listed below are some of the most popular forex trading strategies:

  • The Bladerunner.
  • Daily Fibonacci Pivot.
  • Bolly Band Bounce.
  • Forex Overlapping Fibonacci.
  • London Hammer.
  • The Forex Fractal.
  • Forex Dual Stochastic.
  • The Drop ‘n’ Stop.
  • The Pop ‘n’ Stop.


Commodity Trading Guide

The Commodity Trading guide provides all the fundamentals of commodity trading in a comprehensive article. The guide will teach you to better understand commodity trading and will show you the different types of markets you can trade in.

A commodity trader should understand the following:

  • What commodity trading entails.
  • The meaning of commodities.
  • Prices of commodities.
  • Online spot commodities.
  • Supply and demand.
  • Commodity trading skills.


Precious Metal Trading Guide

The Precious Metal Trading Guide will provide you with useful tips and teach you the most basics of trading precious metals. This guide is created for anyone and for those who do have the knowledge or experience of trading precious metals. 




According to their website, Alpari have not won many wards internationally, with only their only international award as follows:

  • Most Transparent Broker (2020) – Global Forex Awards




Alpari is considered as being a safe brokerage firm and is not a scam. Although Alpari is not regulated as widely as other broker reviews on our website, we are unable to find any information that shows Alpari cannot be trusted.

They won a Most Trusted Broker award in 2020, as referred to earlier and also segregate their clients’ funds which is a positive.




Alpari can be recommended as a respectable and trustable broker to trade with. Alpari’s offering is amongst the top competitive brokers in forex with reference to trading instruments, as well as providing an opportunity for traders that are just starting out or expert traders.

Alpari is a trustworthy, safe and properly regulated company. Alpari has more than enough capital for backing its clients, provides a range of desktop, mobile and web-based trading platforms and ultimately provides great tools and valuable training to assist beginners and professionals.

Although Alpari has a comparatively small offering of trading instruments available to its clients, the ultra-low commissions and access to a wide variety of account types, more than make up for it.

With over 2 000 000 clients worldwide, Alpari is a highly recommended broker according to the team at

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