Alpari Review 2024 : Is It a Reliable Forex Broker?

Alpari International is a leading Forex broker, established in 1998 by 3 co-founders in Russia. The head office is located in St. Vincent and the Grenadines. It promises to offer a wide range of services for modern crypto trading with over a million clients across 150 countries, including Ukraine, the United Kingdom, Russia, India, Moldova, Belarus, Saint Vincent, and Mauritius. It also features numerous sponsorships and projects in social activities, such as supporting the Children through Charitable Fund, partnership with rugby, biathlon, and mountaineers team support.

All in all, the exchange provides a thrilling trading experience to all kinds of investors. Alpari is a member of The Financial Commission, an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.

Alpari Overview

Official Website
Headquarters St. Vincent and the Grenadines
Founded Year 1998
Regulated Yes
Product Offered Forex, Stocks, Metals, Cryptos, CFDs
Minimum Initial Deposit $5
Maximum Leverage Varies With Chosen Account
Islamic Accounts Yes
Demo Account Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
Trading fees Depends on Trading Account
Inactivity fee Yes
Withdrawal fee Depends on the Payment Methods
Supported currencies USD, GBP, NGN, and EUR
Customer Support Email, Phone, Social Media, and Live Chat

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This Alpari review dives deeper into the Pros and Cons, Alpari features, trading platforms, account types, copy trade features,s and many more. Trading is risky, which means that your capital is at risk. Read our in-depth Alpari review before starting trading. We’ll review Alpari for its products and services. We’ll also review Alpari for its app, mobile trading, and platform features.

What Is Alpari?

Alpari International is a global online crypto trading platform and an asset broker developed in 1998. The leading company is situated in St. Vincent and the Grenadines. It has successfully expanded its business over the last 23 years, and now Alpari Forex trading is also available to retail investor accounts. It has 60,000 active investors. Alpari has also won the Best Forex Broker award at Smart Vision Investment Expo 2022 in Egypt.

Finding a capable and reliable broker is essential for successful online trading. Investors must ensure that a broker is not unreliable or fake to avoid losing their investments. With the growing cryptocurrency market, there are too many brokers out there, making selecting the best broker a Herculean task. In this Alpari review, we will dive deeper into Alpari’s features, pros and cons, the account opening process, deposit and withdrawing processes, & many more.

Alpari Platform - Interface

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Features of Alpari

Apart from the above-par performance statistics, as per the user reviews of Alpari, it also offers the following trading features:-

  • Access to 1947 strategy a/c.
  • API trading.
  • Advanced Financial Chart, a comparison tool.
  • Research-backed analysis.
  • Easy-to-use trading exchange for both beginners and professional investors.
  • Supports more than 7 languages.

Services Offered by Alpari

Though Alpari offers a plethora of advanced trading services, suitable for both beginners as well as seasoned and high-volume traders, in this Alpari review, we have discussed a few of the services in the following section:-

Forex Trading

Alpari allows Forex trading to reach new heights with extremely low spreads of 0 pips, easy and quick deposits and withdrawals of fiat or cryptocurrencies, and instant execution of trade orders. Start trading on the Forex exchange is straightforward; anyone can trade Forex. All traders have to do is go to the Alpari platform, select a trading account type, open the account with Alpari and top it with funds and start trading.

MetaTrader 4 Trading Platform

Alpari International offers MetaTrader 4 (MT4) to millions of crypto traders across the globe with rich functionality, ease of use, and reliability. MT4 is supported on both web-based platforms and mobile devices and it is extremely comfortable for any trader to trade on the go.

Alpari Meta Trader 4 Platform

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MetaTrader 5 Trading Platform

Alpari International also offers MetaTrader 5 (MT5), the most popular platform in the world. It is the new generation of MT platform with more types of orders and instruments for better market analysis and improved functionality that makes the trader’s job on the Forex exchange substantially more efficient, irrespective of which device or version is used.

Alpari Meta Trader 5 Platform

Alpari Cashback

This is another best feature of Alpari International where traders can get considerable bonus cashback and improve their trading conditions. All the traders have to do is top up their account with Alpari, trade cryptocurrencies and invest them on the platform. In return, the traders will receive bonuses in the form of points that they can exchange for discounts or money. Alpari International offers:-

  • 25% refund on spreads.
  • 40% improved rate of exchange.
  • 40% refund on swaps.
  • 50% refund on commission on deposits.

Alpari Cashback

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Alpari Mobile App

Investors can manage their investments not only from web-based browsers but also from the Alpari mobile app. The brokers’ trade is executed instantly and so, the investors can react to the trend reversals on the Forex market. Additionally, investors can also manage their portfolios and PAMM accounts all from one app.

Fix-Contracts on Alpari

Alpari offers trading for Fix-Contracts that is both effective and simple with an excellent beginner-friendly interface comparison to other best forex brokers in the market. The trades can be done using only two buttons and this makes the platform exceedingly intuitive. Most of the Fix-Contract functionality is, however, available in the Fix-Contracts application only.

Alpari Fix-Contracts Platform

Is Alpari Regulated?

Alpari International is the most trusted brokerage firm and is fully regulated by the Financial Commission (FSC) of the Republic of Mauritius through Exinity Limited, a parent company. The broker does not provide negative balance protection and hence if the market changes rapidly against an investor’s current trade, the trading account will not fall into the negatives.

Being a member of the Financial Services Commission (FSC), all external disputes are resolved by the system. Alpari brokers are regulated under category A that includes coverage of €20,000 for complaints. The broker is supervised and regulated by renowned and reputable organizations. These regulatory authorities safeguard the traders with issues like reimbursement schemes that recover the investments of an investor if the broker goes bust.

The brokerage firm was launched in 1998 and it was the first to be based in Russia. It is mainly regulated and supervised by the Financial Conduct Authority (FCA), a leading regulatory body in the UK.

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Alpari International provides its customers with high leverage and it is because the firm has switched regulatory authorities to some well-known countries where many online brokerage firms are based.

Alpari Reviews: Pros and Cons

Pros Cons
No commission for trading. Limited educational resources.
$1 min. deposit requirement. Lacks advanced trading instruments.
Segregated client funds or money.
Supports ECN trading accounts.
Alpari Copytrade and platforms MT4 MT5.

Alpari Account Opening Process

The account opening process at the Alpari International trading exchange requires several steps. Users must pay extra attention to the type of account they have chosen. Based on the trading account type, the users are granted a variety of functions. For a Micro account, the minimum deposit to be maintained is $5, and the users are not allowed to access all the financial products and they are somewhat limited like the maximum open positions are limited.

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On the other hand, brokers users with a Pro account will have unrestricted access to the features of all trading products but the minimum deposit should, however, be at least $10,000. To open an Alpari brokers account, follow the necessary steps given below:-

  • Go to the official website and click on Registration. The next page will ask users to enter their personal information such as name, address, identity proof, etc. Once the details have been entered, the exchange takes users directly to its trading page.
  • It is fast and also allows users to open an Alpari demo account. Trading on a demo account is a simple way to learn how to trade effectively without risking any of your personal funds.
  • For live trading, fill up the registration form.
  • Link the phone number and email ID.
  • Answer the questions the broker asks.
  • Upload certain documents for live trading.
  • The account is ready for live trading.

Since Alpari broker is under the regulation of FSA, every new customer should fulfill certain standard compliance checks to make sure that the users are aware of the risks and uncertainties of trading. Because of this, once a customer opens an account, the exchange will ask for the following documents:-

  • Coloured, scanned copy of the driving license, national ID, or passport.
  • Bank statement or utility bill of the last three months showing the address.

Alpari Account Opening Process

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Types of Alpari Accounts

Just like other cryptocurrency trading platforms, Alpari International offers the standard demo account. In addition to this, the brokers also provide four account types that use real money. They are categorized into the standard or basic accounts and the enhanced accounts, known as ECN type.

The standard Alpari account is available as a basic account, also known as the Micro Account MT4 and the standard Alpari MT4 account. Both of these basic accounts provide market-maker execution. However, the enhanced accounts, such as the ECN Pro account and the standard ECN account are mainly for the professional and experienced traders as it offers instant order execution.

Though the type of accounts is freely offered, there are specific trading markets that are not available to certain accounts. No matter which account is chosen, the following are the 4 base currencies that can be used – USD, GBP, NGN, and EUR. Coming to the account types, the free demo account is available only for the ECN Account MT4 MT5 and the Standard Account MT4.

Standard Account

The account is available on the MT4 platform and requires a min. deposit of $100, 1.2 pips spreads, no commission fees offers 1:1000 floating leverage and executes instantly.

Micro Account

This brokers’ account is also available on MT4 and does not offer a demo account. It requires a minimum deposit of $1,000, 1.7 pips spread, no commission fee, offers 1:400 fixed leverage, and executes instantly.

ECN Account

The account is available on both MT4 MT5 trading platforms and requires a minimum deposit of $500, 0.4 pips spread, charges $1.5 commission for every side, offers 1:1000 floating leverage and the execution is based on the market.

Pro Account 

This brokers’ account is available on the MT4 platform and does not support demo accounts. It requires a minimum deposit of $25,000, 0.4 pips spread, no commission fees, offers 1:300 floating and the execution is based on the market.

Alpari Trading Platforms

Alpari International functions as a web-based MT4 (MetaTrader 4) and MT5 (MetaTrader 5) platform and a dealing desk. Both the platforms provide flexibility, simple navigation, and intuitive and modern charting tools and instruments. The brokers’ can be used on any device including Android, Desktop, WebTrader, and iOS.

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Alpari brokers’ are suitable for traders of all experience levels, including beginners as well as seasoned traders who trade in high volumes and are looking for advanced trading features. An MT4 Micro Account gives access to instant execution of orders with stop-outs fixed at 30% and margin calls set at 50%. On the other hand, the standard MT4 account offers a slightly higher margin call at 60%. All the trading accounts are commission-free, and the traders can select between MT4 and MT5 platforms if they have ECN accounts.

Alpari Trading Conditions

Alpari MT5, also known as MetaTrader 5, is a multi-asset platform that offers a plethora of advanced trading features along with financial research tools and instruments. It enables the use of Alpari copytrade and trading robots or automated trading systems. Additional and new features such as advanced charting instruments and additional time frames also give the users a competitive advantage in the cryptocurrency markets.

MetaTrader 5 is an upgraded version of MetaTrader 4 that was developed specifically for trading CFD and Forex. On the other hand, MT5 was built to facilitate the trading of Futures, Algorithmic Trading, Futures, Stocks, Indices, and ETFs.

Alpari CopyTrade

New Alpari International investors may benefit the most out of the Copy Trading feature on the platform. The type of trading offers the same trading experience to a trader but the account will copy all the moves of the professional traders known as Strategy Managers, through the platform. This automatic process of Copy Trading does not require any action of the users as the account automatically copies the trade.

New Alpari users can also start Copy Trading for only $100. It is extremely convenient to get into the crypto markets without any prior plan, knowledge, or research to execute a trade. There is complete control of choosing the Strategy Managers and the amount the trader wants to invest. Copy trades also track records and monitor the investment accounts in real-time and can be accessed from any part of the world.

Alpari Leverage

Alpari International offers different leverage amounts depending on the account type the investors hold. For instance, for a trader with an MT4 MicroAccount, the maximum leverage is 1:400 whereas a trader with the standard MT4 or ECN account will get maximum leverage of 1:1000.

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The 1000 to 1 leverage amount reduces as the notional size of the open position increases. If the notional value touches $8 million, the leverage amount falls to a minimum level of 25 to 1. If traders plan on trading individual stocks and cryptocurrencies, the maximum leverage becomes less due to regulatory rules.

Additionally, Forex trading at Alpari offers the highest leverage that goes up to 1:1000. The major currency pairs, generally, allow leverage of 1:500 while minor currency pairs allow 1:400. For commodities, the leverage amount is set at 1:100. However, it is important to note that leverage should be used smartly since high set leverages may play against the investors as well that dramatically increases the risks of trading.

Furthermore, Alpari cryptocurrency CFDs are generally used for short-term or medium-term trades. Though there are high risks here since CFD trades are segregated from financial markets, a CFD is more flexible compared to traditional market trade. CFD gives total access to fractional shares, short selling, and CFD international markets. More importantly, CFDs can also be used by more advanced traders to hedge.

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Alpari Fees

Though Alpari trading fees are quite transparent, there are different types of charges that the traders must be aware of, if they are trading with Alpari.

Deposit Fees

Alpari charges a fee for making deposits on the exchange. Every broker charges a commission fee for the services rendered, and they make their revenue by charging commission fees from the registered investors on their transactions. The commission fee however may differ based on the financial asset, trading type, and the level of trading account the user has. No commission fee is charged if the market order is not executed by the brokerage. But note that if the order is canceled or modified, the brokerage may charge the commission fee.

Withdrawal Fees

Alpari International fees vary based on the chosen payment options for withdrawals. Every broker has its own set of withdrawal rules on how money can be withdrawn from trading accounts. So, different options will have different providers, different processing times, potential conversion fees,s, and processing fees. Note that the conversion fee is based on the base currency, the payment provider, and the receiving currency.

Inactivity Fees

An inactivity fee is charged on a registered broker-client when an account remains inactive for a particular period of time. There is no inactivity fee on the Alpari trading exchange. If a user’s trading account does not involve any trading, buying, or selling of cryptocurrencies for a considerable time period as determined by the brokerage firm, the account is charged with an inactivity fee.

Overnight Fees

Alpari International trading exchange also charges an overnight fee that users pay in case an order is held over 24 hours. For instance, if an investor goes short for EUR/USD currency pair, it may cost him 0.65 and a long position of -1.31. Visit its official fee webpage for more information.

Deposit & Withdrawal Methods

Deposit Method

Alpari offers several deposit methods and different payment options to make deposits. Other than the standard bank transfer and credit cards, deposits can also be made via digital payment systems like Skrill and Neteller. Investors can also deposit by cryptocurrencies or cheques but these funding methods generally take up to seven working days.

Withdrawal Method

Just like the above funding methods, the method for withdrawing funds is also simple. Note that the account needs to be completely verified to be able to withdraw. The payment duration is based on the chosen payment method and it may take from 1 to 3 days till the fund is processed and arrived.

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Withdrawal charges depend on the chosen withdrawal method too. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount. The popular payment options are – bank wire transfer (both local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, Perfect Money, credit cards, debit cards, and many more.

Alpari Promotions

Currently, Alpari International is running multiple bonus and promotional offers. But these are time-based which means they may vary over time. At the time of writing, the exchange is offering the following promotions:-

Referral Program

Refer a Friend and get $50. The user using the personal referral link also gets $50.

Alpari Cashbacks 

Users who join the Alpari program are eligible to get up to $5 money-back on every trade they make.

Resources Offered by Alpari

There is no denying that every broker tries to provide the best services to its investors and sometimes, they just go an extra mile to provide additional educational materials and tools. Alpari is one such forex broker that provides the following resources on its platform:-

Forex Market Reviews

The Forex market reviews are research works that are published regularly. They contain written reviews and videos on the market that are explanatory. One benefit of the videos is that they can be played in the background during an analysis.

Alpari Market Reviews

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Fundamental Analysis

The universal truth is to be a successful trader, one requires the practical trading instruments that help in conducting the fundamental analysis. The platform has several news sources that include the following:-

Holiday Schedule 

Traders always want to know about national holidays in the year. During holidays, country-specific indices will not operate and hence, this would influence the brokers’ markets’ liquidity on a global scale.

Economic Calendar

Forex economic calendars make sure that the investors are always informed of the relevant economic news. In this way, the trading forex investors have an advantage to either prepare or plan their trading driven by the event or reduce the risk levels on the way.

Alpari Economic Calendar

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Global Rates of Interest

The two crucial factors that play important roles in the Forex exchange are a country’s relative difference and its specific rates of interest, which help in making a well-informed deduction of the global rates. Apart from the tools, this Alpari review just mentioned, there are excellent specialized tools too for technical analysis.


Alpari Autochartist is still one of the best and most efficient technical analytical tools of the MT5 plugins and web applications. The web application automatically scans and observes the market and it consists of all the essential levels. This tool is useful in predicting probable events and can be utilized as an important advantage to improve the new set of Forex trading strategies.

On the other hand, the MT5 plugin aids in outlining the parameters and notifying the investors when the vital phases are broken. The Autochartist plugins and apps are developed to ease the trading experiences of beginners and to improve the new trading strategies by making them more intuitive to use.

The MetaTrader also includes the following:-

  • One-click trading
  • Multi charting
  • Drawing instruments
  • Free access to market indicators
  • Insert external programs and instruments
  • Expert portfolio management

Alpari Mobile App

With the growing cryptocurrency market, every trader wants to access trading from everywhere at any time. To access the exchange on the go, Alpari Internation has developed an exclusive mobile app that gives traders access to mobile trading and to over 250 crypto markets directly. The benefit of using mobile trading apps is that investors can manage or check their trading portfolios 24*7 all throughout the year.

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Alpari international mobile application provides the access to mobile trading from the MT4 and MT5 trading platforms on the app for both iOS and Android operating systems. The application can be downloaded directly from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area.

The MetaTrader 4 and MetaTrader 5 mobile software can be logged in with the trading account information and only one account is required by the software.

These are the following features available on the Alpari mobile app:-

  • Download MT4 or MT5 application for iOS or Android.
  • Single account for anyone device.
  • Portfolio management 24 hours, every day.
  • React to economic or political events.
  • Secure handling and fast execution.
  • Supports analytical tools.

The MetaTrader 4 trading app provides the following features:-

  • 9 distinct viewable timeframes.
  • 3 kinds of chart views including Line, Candlesticks, and Bars.
  • Supports all execution modes and order types.
  • 30 distinct trading indicators.

The MetaTrader 5 trading app provides the following features:-

  • Notifies financial news.
  • Hedging and netting account options.
  • Full set of trading orders including stop-orders and pending.
  • Market depth.

Alpari Mobile App

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Alpari Security Measures

The FSC or Financial Services Commission in Mauritius offers regulatory supervision of the Exinity Group Ltd., the parent company of the Alpari International cryptocurrency trading exchange. It received its license back in 2013 and has been able to maintain a clean regulatory status since then. Client funds remain secure and segregated from corporate funds.

A Crypriot IBC (International Business Company), FT Global Services Ltd, monitors the processes of credit card transactions. The Alpari exchange is also partnered with the Financial Services Commission (FSC), an independent, international body that offers EDR or external dispute resolution for the Forex brokers.

Hence, all in all, Alpari International trading, situated in St. Vincent and the Grenadines, aims at providing a trustworthy and transparent exchange for its traders who are looking for a competitive crypto trading environment. The nature of trading is such that your capital is at risk, and that’s why Alpari prioritizes detection, management, and mitigation of risks associated with money laundering and the financing of terrorism. The Company has introduced a strict policy aimed at the detection, risk prevention, or mitigation in respect of any suspicious activities performed by customers.

Moreover, amidst the worldwide regulatory changes, especially by the ESMA or European Securities and Markets Authority, the combination of the investment-friendly regulator and it is a member of the Financial Commission that offers traders and brokers the most efficient and effective trading solutions.

All the payments at Alpari are handled by a reliable payment provider that makes sure that the personal details are completely secure. On the other hand, card transactions are safely processed via FR Global Services Ltd and AI Accept Solutions Ltd.

Coming to the registration process, it is designed to be easy and quick. The process requires the traders to enter their email addresses and registered phone numbers. Once these personal details are verified by Alpari, Alpari login is possible and the clients can start trading.

The clients are also required to prove their identity and residency by providing necessary documents like utility bills, bank statements, passports, etc. Additionally, Alpari also adheres to stringent security measures and employs the latest security technology to protect trader’s financial and personal data.

Alpari Customer Support

The Alpari broker company is multi-linguistic which means it supports several languages including English, Chinese, Russia, Indonesia, Arabic, Spanish, and Hindi. The firm offers a quick response via phone, live chat, or email. It is always advised to get in touch with the experienced and courteous professionals on these channels from Monday to Friday, 9 am – 6 pm (EST).

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The exchange provides a massive training segment for new clients, known as the Alpari Academy, where beginners can find the answers to the most frequently asked questions, web broadcasts, and above-par quality video tutorials. There are also live webinars offered on the exchange in multiple languages which can benefit many traders worldwide.

Another point of appreciation is the collection of trading instruments offered at Alpari. These are perhaps the most useful ones. The Alpari Squawk offers an audio commentary on the crypto market and this includes the Central Trading that delivers analysis on market information, a Trader Calculator, to see the positions, comprehend the trade margins and analyze the open positions.

Apart from these, if a trader still has queries relating to crypto trading, the exchange resolves all the queries effectively. It has a double AA support rating and an excellent reputation for providing customer services. The customer support team is located in Mauritius and is fully functional from Monday to Friday. The Alpari team can be reached via email, phone, and live chat support. In Live Chat the team responds to every customer query within 30 seconds, in various languages.

Alpari Customer Support

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Alpari Review: Conclusion

To conclude this Alpari review, it can be said that Alpari International is a well-respected and reliable broker that has been in operation in the market since 1998. It is located in St. Vincent and the Grenadines. It caters to the trading needs of over 2,000,000 clients, supports the core MetaTrader 4 and MetaTrader 5 trading platform, offers over 250 assets and 4 account types. The best thing is that Alpari is regulated and the min deposit is only $100 with a maximum leverage of 1:1000.

Additionally, the ECN account with the Cashback Program makes Alpari International one of the leading and most competitive cost structures in the market today. The broker has become a market leader in frontier and emerging markets with excellent payment methods including the local fiat currencies and alternative cryptocurrencies. However, though Alpari International remains to be a competitive choice for several retail traders, it has much greater potential than what it currently offers.


Is Alpari a Reliable Broker?

Yes, this Alpari review significantly focuses on the reliability and security of the trading platform. Alpari International is not only reliable and safe but also strictly regulated. It has adequate capital to extend support to its traders, offers above-par security measures, and keeps money segregated.

What Is the Minimum Deposit for Alpari?

The Alpari minimum deposit is $5.

How Much Can I Withdraw from Alpari?

As per the review, there are no withdrawal limits at Alpari International however, there are commissions or fees charged on withdrawals based on the chosen payment option.

Does Alpari Accept Bitcoin?

Yes, Alpari accepts Bitcoin and other major cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, and Litecoin.

Is Alpari Regulated by FCA?

Yes, Alpari is regulated by the Financial Conduct Authority (FCA).
Note – Alpari Reviews are not to be considered as an endorsement or investment advice of any kind. Investors are requested to seek financial advice from experts before making trading decisions on digital platforms.

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