Alpari International Review


Are you looking for better spreads? Then you’re in the right place.

Global giant Alpari is a world-renowned broker with over 20 years in the business. With offices in 8 different countries around the world, and 2 million+ clients – the reputation and trust the Alpari brand has established throughout the years is second to none.  

Alpari International is the fresh new face of the brand that continues the tradition of putting clients first. This broker offers 250+ financial instruments, a fully regulated platform and the best possible guidance, conditions and support to traders of all experience levels. Under its new direction and a team that has a proven track record for success, Alpari International is an excellent choice for the modern trader – especially because of its spreads. Take EUR/USD as just one example: it’s 0.9 for Standard Accounts and 0.1 on ECN. Compare that to the vast majority of other big brokers (which we did during this Alpari International Review!) and you’ll see what spreads can (and should) be like.

Established in 2013, the broker is creating a young and exciting chapter to the 20+ year Alpari history, with attractive promotions and programs to go along with its competitive trading conditions and multilingual customer service.

Headquartered in Mauritius and regulated by the Financial Services Commission (FSC) Mauritius through their parent company Exinity Limited, Alpari International takes its role as a responsible broker very seriously.

It offers traders the opportunity to trade a fairly wide range of instruments mostly wrapped as CFDs (Contracts for Difference), offering trading in 11 major U.S. stocks, over 60 Forex currency pairs and crosses, the commodities gold, silver, crude oil and natural gas, the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple, and 11 major global equity indices. Maximum leverage (on Forex) is a very high 1000 to 1, although this reduces as the total notional trade size of all open positions rises, falling to a minimum of 25 to 1 at a total notional value of $8 million. The maximum leverage offered is significantly less on cryptocurrencies and other instruments such as individual stocks due to regulatory requirements.

Alpari Broker Review


Alpari International differs from most brokers in offering clients a hybrid ECN/market-maker execution model, allowing the opportunity of fast execution and natural spreads. A choice between account types is offered freely but it is not possible to trade certain instruments through some account types, and certain account types are only available with one of the two trading platforms offered. All accounts may be based in any of four base currencies: USD, EUR, GBP, or NGN (Nigerian Naira). It is unusual to see a major broker accepting the currency of an African nation, but it shows how committed Alpari International is to localising its services and making trading more convenient.

Traders are offered a choice between four account types, two of which offer ECN execution while the other two offer market-maker execution. The first ECN account offered is the “ECN Account” and is available with either the MetaTrader 4 or MetaTrader 5 trading platforms. It requires a minimum deposit of $500 and offers a maximum (floating) leverage of 1000 to 1. Commission is $3 per lot round trip and the minimum spread available on the benchmark EUR/USD currency pair is 0.4 pips. The maximum volume per trade permissible is 50 lots. The second ECN account available is the “Pro Account” and is available only with the MetaTrader 4 trading platform. It requires a far larger minimum deposit of $25,000 and offers a maximum (floating) leverage of 300 to 1. Individual stocks may be traded only through the Pro Account. No commission is charged on this account, and the minimum spread available on the benchmark EUR/USD currency pair is 0.4 pips. The maximum volume per trade permissible is 250 lots.

As for the non-ECN, market-maker execution style accounts, traders are offered a choice here between the “Standard Account” and the “Micro Account”, both of which are available only with the MetaTrader 4 trading platform. The Standard Account requires a minimum deposit of $100 and offers a maximum (floating) leverage of 1000 to 1. The minimum spread charged on the benchmark EUR/USD currency pair is 1.2 pips. The maximum volume per trade permissible is 50 lots. The second, smaller account is the Micro Account requiring a minimum deposit of $5, offering a maximum (floating) leverage of 400 to 1. The minimum spread charged on the benchmark EUR/USD currency pair is 1.7 pips. The maximum volume per trade permissible is 1 lot.

Islamic “swap-free” accounts are available but may not be used to trade exotic Forex currency pairs.

Scalping and hedging are allowed, and automated trading is possible. This combination of offerings is something that is increasingly hard to find.

Alpari Broker Review



Alpari Broker Review


Alpari Copy Trading

Alpari International offers an easy-to-understand copy trading program – Alpari Copy Trading – for those who want to trade the markets but may not have the time or the knowledge to do it themselves.        

Investors choose to copy the trades from a wide selection of established Alpari International traders known as Strategy Managers. For a fee of only 100 EUR/USD/GBP they can select one Strategy Manager or more, and have their trades automatically copied to their accounts. While the risk of making losses is always present, with every successful trade the Strategy Manager makes the Investor makes a profit without needing to trade himself.

As the Copy Trading program contains terminology that can be hard to understand, Alpari International offers a clear breakdown and explanation of the most important Key Terms.   

Bonuses and Promotions

Alpari International offers a loyalty cashback promotion. For every lot a client trades, a real, withdrawable cash rebate is offered for up to 6 months. Five rebate levels are offered.

Limited-time promotions are also offered on occasion. For example, at the time of writing, Alpari International traders can get a 30% top-up of trading credit to their deposits (up to $5,000) for a period of 30 days.

Full details on both these promotions can be found in the terms and conditions.


Depositing funds into an Alpari International account is an easy and secure process. Traders can choose from a few different methods, including credit cards, debit cards, bank transfer, Neteller, FasaPay, WebMoney, Perfect Money, Bitcoin and Skrill. Withdrawals are generally made through the same channel that deposits have been made through. Alpari International add no charges of their own to any fees which may be charged by such payment processors.


Alpari International has a well-rounded and professional offering for traders looking to trade popular trading instruments in the form of CFDs, particularly in Forex, with a choice of execution model. Alpari International could be an especially attractive broker for clients with relatively small deposit size who wish to benefit from ECN execution and a low spreads / commissions model. 

Customer Support

Customer support is based in Mauritius offering support 24 hours per day Monday to Friday and for a few hours on Sunday afternoon.

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In terms of features, the stand-out strengths of Alpari International’s offering are:

  • A solid range of instruments available for trading: over 60 Forex currency pairs and crosses, the commodities gold, silver, crude oil and natural gas, the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple, and 11 major global equity indices. Larger depositors get more competitive spreads.
  • Choice between ECN and market-maker execution models.
  • Maximum leverage as high as 1000 to 1.
  • Choice of Swap-Free account type (Islamic account).
  • Regulated by an offshore industry centre (FSC Mauritius).
  • Alpari is a well-established brokerage group.
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The Alpari MetaTrader 4 platform offers a wide selection of charting tools as well as the ability to completely customize the platform to meet a trader’s personal specifications. A built-in programming language, trading strategies, scripts and indicators add additional functionality to the platform.

The Alpari MetaTrader 4 uses an intuitive, user-friendly interface with a wealth of technical analysis tools. The mobile app allows traders to use their MT4 accounts on their smartphone, tablet or Pocket PC.

MetaTrader4 connects traders to the interbank market with ECN Bridge technology while the built-in MQL4 programming language allows them to create their own advisors and indicators.


The Alpari MetaTrader 5 offers everything the MT4 platform offers and more. It introduces a number of new features and technical upgrades including a library of free, ready-to-use Expert Advisors (trading robots), indicators and scripts written with MT5's built-in programming language, MQL5 and the ability to optimize trading strategies with a high-speed back-testing tool.

The MetaTrader5 platform is geared towards a more advanced trader as it offers 38 built-in indicators, 39 graphical objects and a plethora of customized options. This platform is only available in the demo version and is not available for live trading.

Alpari Platform
Alpari Platform

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General Information

Company Information

  • Broker's Name : Alpari International
  • Headquarter : Mauritius
  • Regulation : FSC

Account Information

  • Type of Broker : No Dealing Desk
  • U.S. Clients Allowed :
  • Minimum Deposit : $5
  • Maximum Leverage : N/A
  • Commissions / Spreads : Dependent on account type
  • Account 1 : Standard
  • Account 2 : Premium
  • Demo Account :
  • Islamic Account :
  • Segregated Account :
  • Managed Accounts :
  • Institutional Accounts :
  • Deposit Options :
  • Withdrawal Options :

Instruments Traded

  • ETFs :
  • CFDs :
  • Commodities :
  • Metals :
  • Stocks :
  • Oil :
  • Gold :
  • Binary Options :
  • Indices :

Trading Platforms

  • Type of Platform : MetaTrader 4, MetaTrader 5, Web-based, Other
    • Platform Languages :
      • English
      • Chinese
      • Russian
      • Portuguese
      • Other
    • OS Compatibility :
      • Windows
      • Mobile
      • Web
      • iPhone
      • iPad
  • Trading Signals :
  • Charting Package :
  • Market Analysis :
  • Chart Trading :
  • Scalping :
  • Hedging :
  • Mobile Alerts :
  • E-mail Alerts :
  • Trailing Stops :
  • Guaranteed Stop Loss :
  • Guaranteed Limit Orders :
  • Guaranteed Execution :
  • One-click Execution :
  • OCO Orders :
  • Interest on Margin :
  • Web-based Trading :
  • Mobile Trading :

Customer Support

    • Website Languages :
      • English
      • Chinese
      • Russian
      • Portuguese
      • Other
  • Support Hours : 24/5
  • E-mail Support :
  • SMS Support :
  • Chat :

Pros and Cons

  • Choice of Execution Model
  • Choice of Platforms
  • Few Tradable Instruments Except Forex
  • Weak Education Section

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Broker Comparison

Alpari vs. FXPro 

AvaTrade vs. Alpari

Alpari vs. OANDA

Alpari vs. FXCM

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User Reviews

Did you have a good experience with this broker? A bad one? Tell our team and traders worldwide about your experience in our User Reviews tab. Your email address will not be posted.

Please make sure your comments are appropriate and that they do not promote services or products, political parties, campaign material or ballot propositions. Comments that contain abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind will be deleted. Comments including inappropriate, irrelevant or promotional links will also be removed.

17 User Reviews

came for better spreads. Thanks


i think i am going to open account with alpari


ive opened a demo account for a while to practice and i am happy with how it works so now will open live account!


Rolland, I am really happy with Alpari - they also have a cashback program now. Trying it out. -Steve

Rolland Badger

Alpari is FSC regulated and I’ve only traded through their demo account so far, would love to hear what you guys think of this broker

Sam Theron

Alpari’s minimum deposit is rather appropriate for all traders, I plan to keep working with Alpari for the time being

Ian Snyman

It is regulated, but only FSC regulated, so if you’re looking for specific regulations, this won’t help you

Siyabonga Semenya

I wish I knew this broker exists, 2 years ago when I had the pleasure of working with some scammy UK broker.


Do not ever send your money to russia, those guys are big time thieves, you dont even have the slightest chance to beat them, instead use a regulated broker in usa or uk.


Hi Pipsgainer1, interesting to read your comment. I've been a member of Alpari for some time though haven't traded live much but have noticed i can barely make a profit on any trades i enter. On the demo account i have no problem make plenty. I see on their website they say they are regulated by FSA, and is a member of NFA, KROUFR. Can you please advise of a broker you would recommend, I am UK based. Cheers


Alapri is the WORST OF ALL brokers i have ever seen.... PLEASE DONT EVER EVER TRY THEM. I have a live account with them and they are the crookest of ALL. The real F****s. When you start winning your trade they manipulate the market in their favour and make you to lose. The WORST AND THE CRAZYEST of all I saw is the one when all the Indicators going up, EVEN Market Watch on their platform itself showing the pair going up,my BUY order in the profit column still shows negative instead of the bull candle crossing the Buy line as marked in the platform. ALPARI is A real crook and a cool mindedly planed scam. AVOIDE ALAPARI to save your money. I should give them a NEGETIVE 5 Star rating.

Abena Smith

Actually brokers should know all the things related to the Forex Trading.. in Forex Trading some times market is high & some times it's low. but, It’s really nice job for peoples who what to earn money in short time period…. Forex Trading is really best way to raise your income. you should go for it., but first you should know the concept of Forex Trading. I have one more site that can help you for knowing more about Online Forex Trading....,


This is Nfa answer about Alpari NZ Limited (care fully ) This broker is NoT right Regulated and Carefully about that While NFA has developed a wide range of investor protection rules to safeguard the integrity of the futures markets and monitors all NFA Members for compliance, it appears that the firm and individual Alpari NZ Limited are not members of NFA , so many scam broker is same !!


this broker is not good , bad sever and stop or High spread in news time , bad support bad speaking in English in telephone , bad money back and in the all i never tel a friend this broker open account , worry about you i think they are just for middle east people for cheating them because they have not other choice in example my country Iran so many broker don't lets to iraninan for open account and trade


They use English so don't worry, they seem alright tho i haven't tried other than the demo account yet.. that is why im here :P doing some last min research to see if it is the one for me so far there help line has been great this is their site. as for u ude samuel u r either a dumbass or a con man... ppl dont use that log in.

ude samuel

please , my server has been disconnected, do help classic account number is u5437, login in metal trader 68476

Esoimeme S. Ford

I never realy knew Alpari Russia exist.I thuoght that the whole bussines started in UK. Why is there no trading contest in UK and US ? What language does Alpari Russia use in trading?

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