Alpari International Review 2023

The Alpari brand is one of the most popular brokerages in the Forex world. Launched in 1998, the brand has many affiliates, including Alpari International, which is headquartered in Mauritius and provides over 2 million traders across the world with competitive trading conditions and an experienced client support team.

To find out what Alpari International can offer us, traders, we have extensively reviewed its regulations, platforms, global access, registration, leverage, and education.

Regulation And Security

The Exinity Group LTD, which owns Alpari International, is regulated by the Financial Services Commission (FSC) of the Mauritius Republic. It received its license in 2013 and has maintained a flawless regulatory history.

Another Alpari Affiliate, Alpari Limited, is registered in Kingstown, Saint Vincent and the Grenadines, and is regulated by the Financial Services Authority of Saint Vincent and the Grenadines. Alpari is also a member of The Financial Commission, an international organization for external dispute resolution (EDR), which helps to resolve disputes between Forex brokers and their clients.

Funds Segregation

Customers’ credit card transactions are processed by FT Global Services LTD, a Cyprus-based international business company (IBC). Alpari keeps customers’ funds in top banks around the world, separate from the company’s operational funds. This is to ensure that the company does not use clients’ funds for personal purposes.

Negative Balance Protection

Forex trades and CFDs are leveraged instruments, which can make one lose more than their trading deposit and end up with a negative balance. Alpari protects against that by offering negative balance protection, as well as various stop loss orders that traders can use to manage risks themselves.

Is Alpari International Available Worldwide?

Alpari International is based in Mauritius but serves over 2,000,000 traders in eight global locations across three continents, including Africa, Asia, and South America. Their website is available in nine languages, including Chinese, Persian, and English. Other Alpari affiliates serve clients from other parts of the world.

However, Alpari does not offer its services to traders in the United States, Mauritius, Japan, British Columbia, Quebec, Saskatchewan, Haiti, Suriname, the Democratic People’s Republic of Korea, Russia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Tajikistan, Uzbekistan, Turkmenistan, Ukraine, and Georgia.

Supported Platforms

Alpari International Trading Platform

The trading platform is what the broker uses to connect the trader to the market, and it is what the trader uses to analyze the market and place their trades. A good trading platform is necessary for smooth trade execution and overall trading experience.

Alpari International provides traders with user-friendly trading platforms, such as the following:

MT4 Trading Platform

Alpari International’s traders have access to the MetaTrader 4 platform, a cutting-edge trading platform designed to suit traders of varying experience levels. The platform features an easy-to-use user interface, making it suitable for traders of all experience levels. One-click executions, stop and limit orders, over fifty technical indicators, up to three different chart layouts, and support for trade automation using expert advisors are some of the features that make MT4 very popular among traders.

The MT4 platform is available as a desktop application for Windows and Mac computers, a web version that can be accessed through Chrome, Safari, Firefox, Edge, and other modern web browsers, and a mobile app that is compatible with Android and iOS smartphones. The broker provides the MT4 platform in all of these formats. Thanks to the mobile app, traders can place and track trades no matter where they are.

MT5 Trading Platform

MetaTrader 5 is a multi-asset trading platform that lets you trade currency pairs, stocks, and other financial assets. It features an extensive price analysis and algorithmic trading software —trading robots, Expert Advisors, and copy trading. The hedging strategy on the MetaTrader 5 multi-asset platform lets you open multiple positions of the same financial instrument in different or similar directions.

The platform represents an all-in-one strategy and provides excellent analytical tools — up to one hundred charts, including stock quotes and currency exchange rates, can be opened simultaneously. It offers 21 timeframes which allow for in-depth investigation of even minor price movements. More than 80 technical indicators and analytical tools, including graphic objects, make it easy for traders to analyze any market. In addition to the built-in features, traders can create their own custom indicators and expert advisors using the MQL5 programming language.

Mobile Apps

Alpari International also provides traders with MT4 and MT5 mobile apps, which make it easier for traders to place trades or manage their trades from their mobile devices (smartphone or tablet) that are powered by iOS or Android. The mobile apps ensure that traders can engage in full-fledged financial market trading even when they do not have access to a desktop computer.

The mobile apps provide a comprehensive range of trading functions, major analytical capabilities via technical indicators and graphical objects, and the ability to check account status, see trade history, and more. Traders can download the mobile applications from the respective app stores and use them to place trades and check their trading positions from anywhere and at any time, as long as they have an internet connection.

Alpari CopyTrade

For those who want to trade the financial markets but don’t have the knowledge to start or the time to research and monitor the markets, Alpari provides a copy trading tool that allows them to copy the trades of expert traders.

With Alpari CopyTrade, you can assess expert traders, called strategy managers, using several criteria to determine who to copy. Once you choose who to copy and set up your copy trading to suit your risk appetite, your account will automatically copy the trades of the strategy manager you are following.

Account Types

Alpari International has a variety of live trading accounts to choose from. Each one provides the investor with fresh possibilities and allows you to trade in new ways. The following are the live account types:

Standard Account

The standard account requires a minimum deposit of $/€/£100 and offers variable leverage of up to 1:1000. It has floating spreads that start from 1.2 pips. The available instruments include 61 currency pairs across the major pairs, minor pairs, and exotic pairs, as well as 5 metals. The minimum volume per trade is 0.01 lots.

Micro Account

The MT4 MicroAccount requires a minimum deposit of EUR/USD 5. Spreads on popular currency pairs start at 1.7 pips. The maximum permissible leverage is 1:400. Traders with micro accounts can only trade 25 currency pairs from the major and minor pairs, plus 2 spot metals. The minimum volume per trade is 0.01 lots.

Pro Account

The account offers 54 currency pairs across the major, minor, and exotic pairs. Spreads start from 0.4, and there is no commission. The minimum deposit for a Pro account is $25,000, and you can use up to 1:300 leverage.

The Pro account is designed for expert traders, institutional traders, and hedge fund managers; it offers everything experienced traders require. Trading on the Alpari Pro account is an advanced way to trade that gives you full freedom and no limits.

ECN Account

The ECN account requires a minimum deposit of 500 EUR/USD and spreads start at 0.4 pips, and there is a commission fee of $1.5 per lot per side or $3.0 per round trip. Margin calls are at 100%, and a swap-free option is only available on MT4. The minimum deposit is $500, and the maximum leverage is 1:1,000.

Demo Account

Alpari also offers a demo account with virtual funds to help prospective clients get acquainted with the broker’s platform before funding their live trading accounts with real money. Trading on a demo account is a simple way for Alpari clients to learn how to trade effectively and optimize their trading strategies without risking their funds.

Spreads and fees are different for all account types. Click here to find the relevant details and identify the most suitable account type for you.

Signing Up

The account opening procedure at Alpari International is straightforward and industry-standard. To open a live trading account with Alpari International, go to the broker’s website and click on the “Register” icon in the upper right corner. Fill in the account application form and hit the “Register Now” button. The form requires you to fill in your name, country, email address, phone number, and password. You will receive an email to verify your email, after which you will be required to fill in your personal details and financial information

Alpari International SignUp Page

Deposits And Withdrawals

Alpari International accepts the following payment options for both account deposits and withdrawals:

  • Wire transfers from banks
  • Credit and debit cards: Visa, Mastercard, and Maestro 
  • Electronic payment gateways: Neteller, Skrill, PayPal, and more.
  • Cryptocurrency
  • Local fund transfer

Alpari International does not charge deposit fees, and most payment processors offer quick execution. Some withdrawals include internal costs, and third-party processing fees may apply. Traders receive their funds quickly because processing times are under 24 hours. We advise traders to discuss their details and confusions with their customer service to avoid any problems later on.

Commissions And Fees

Alpari International has one of the lowest trading fees on some of its accounts. Its ECN account is one of the most competitive offerings available, with a minimum spread of 0.4 pips and a commission fee of just $1.5 per lot per side. Its Micro, Standard MT4, and Pro accounts are commission free.


A spread in forex is a transaction cost representing the difference between a currency pair’s bid and ask prices. Spreads at Alpari International start at 0.4 pips for the ECN and Pro accounts. The Micro and Standard accounts have above-average markup spreads at 1.7 and 1.2 pips, respectively.

Although the Pro account is commission free and has low spreads that start from 0.4, it requires a huge minimum deposit of $25,000.

Available Leverage

Leverage refers to how much you can borrow from the broker to increase your trading position size. You can utilize leverage to open a much greater position than the size of your initial trading account would ordinarily allow. However, the use of leverage is like a double-edged sword — it can increase your profit potential but can also increase your losses if a trade goes against you.

Alpari International offers up to 1:300 leverage in the Pro Account and 1:1000 in the Standard and ECN accounts for major currency pairs. The leverage is lower for minor and exotic pairs and spot metals.

Analysis And Education

Providing traders with detailed educational resources helps them to understand the process of trading and how the market works. Alpari International has a “Learn To Trade” section that provides some educational materials, including training sessions delivered by specialists, webinars, and various trading guides. The Beginners’ Guide to Trading offers a basic review of the fundamentals of Forex trading. You can also access some free-for-all resources by clicking here.

Customer Service

Alpari International’s customer care team via various channels, including live chat, phone (+442 080 896 850), email (, or Telegram. You can also follow them on Twitter, Facebook, and Instagram. They are available 24 hours a day, Mondays to Fridays, plus 11.00 to 16.00 on Saturdays and 12.00 to 20.00 on Sundays (GMT+2/GMT+3 during Daylight Saving Time). The support team responds very quickly, especially when using the live chat, Telegram, or phone channel.

Reputation Amongst Traders

Many investors believe that Alpari is a very respectable broker compared to others. However, they must enhance their standards, notably by making it easier for traders to withdraw funds from their accounts.


The broker was awarded the Most Transparent Broker at the Global Forex Awards – Retail 2020.

Can Beginners Trade With Alpari International?

Yes, beginners will find Alpari International interesting. The broker allows new traders to practice trading with virtual funds using a demo account. This allows them to learn the broker’s trading platform, understand the markets, and test their trading strategies before going live. Also, the broker offers the Micro account specifically designed for beginners.

Summing Up

Alpari International’s reputation as a trustworthy broker has not changed. It has been in operation since 1998 and today serves over 2,000,000 users. It maintains the essential MT4 and MT5 trading platforms and offers customers access to over 250 assets via four different account types. The minimum deposit is $5, and the maximum leverage available is 1:1000. This broker’s trading fees for some account types are highly competitive. However, it only has offshore regulation, which is considered tier-3 and very weak.