The rating, decomposed

Alpari review

What produced Alpari's rating - every factor, shown separately.

Last checked

Alpari rates in the middle, and the average hides the shape of it: strong in one or two categories, clearly weak in others. Regulated by Mwali International Services Authority (MISA), T2023236, offering MetaTrader 4, MetaTrader 5, Alpari Mobile.

Our rating

★★★★

One rating, identical across our sites - only the way it is shown changes. It averages six assessments: regulation, trading costs, platforms, markets, support and education.

What it costs to trade

Spread from
0.0 pips
EUR/USD spread
Approx. 0.1 pips, Pro ECN
GBP/USD spread
Approx. 0.3 pips, Pro ECN
Commission
$2.50 per lot traded, Pro ECN FX
All-in cost, EUR/USD
Approx. 0.35 pips
Spread type
Variable
Overnight swap
Both: overnight swaps may be charged or credited
Inactivity fee
$5/month after 6 months inactivity
Deposit fee
Generally none; method-dependent
Withdrawal fee
Method-dependent
Currency conversion
Conversion at applicable exchange rate

Cost is scored on what a trade actually costs all in, not on the headline spread.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Alpari lists a minimum deposit of $50. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets and execution

Markets
Forex, Metals, Commodities, Indices, Stocks, ETFs, Cryptocurrencies
Currency pairs
60+
Total instruments
750+
Crypto CFDs
Yes
Maximum leverage
1:3000
Execution model
Hybrid market maker / ECN
Execution speed
Under 100ms
Order types
Market, limit, stop, stop-loss, take-profit, trailing stop
Servers
Global financial data-centre infrastructure

Leverage up to 1:3000 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

Alpari covers forex, metals, commodities, indices, stocks, etfs, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: bank transfer, visa, mastercard, e-wallets, cryptocurrency and regional payment methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms and tools

Platforms
MetaTrader 4, MetaTrader 5, Alpari Mobile
Own platform
Yes, Alpari Mobile
Mobile app
Both proprietary and third-party
Browser trading
Yes
Automated trading
Yes, MT4/MT5 Expert Advisors and automated trading
Copy trading
Yes, PAMM
Indicators
30+ MT4; 38+ MT5; advanced TradingView charting available through Alpari tools
Third-party tools
MetaTrader 4, MetaTrader 5, TradingView, VPS
API access
Yes, institutional/partner connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

Regulation and safety

Regulated by
Mwali International Services Authority (MISA), T2023236
Regulator tier
Tier 3
Register entry
MISA International Brokerage and Clearing Company register
Client money segregated
Yes
Held at
Regulated banking institutions
Negative balance protection
Yes
Compensation scheme
No statutory investor compensation scheme
Audited by
Independent external auditor
Not available to
United States, Japan, Canada, Australia, North Korea, European Union, United Kingdom, Syria, Sudan, Cuba

Regulation carries the heaviest weight in the score, which is why it is scored first.

Alpari lists its regulation as Mwali International Services Authority (MISA), T2023236.

Accounts

Minimum deposit
$50
Account types
Standard, ECN, Pro ECN, Demo
Account currencies
USD, EUR, GBP, NGN
Islamic account
Yes
Demo account
Yes
Professional account
Yes, Pro ECN
Minimum trade size
0.01 lots
Time to open
Typically a few minutes

Deposits and withdrawals

Deposit methods
Bank transfer, Visa, Mastercard, e-wallets, cryptocurrency and regional payment methods
Withdrawal methods
Bank transfer, cards, e-wallets, cryptocurrency and supported local payment methods
Deposit time
Instant for most electronic methods; bank transfer typically 1-3 business days
Withdrawal time
Electronic methods generally within 24 hours; bank transfers typically 1-5 business days
Minimum withdrawal
$1 equivalent
Local payment methods
Multiple local bank transfers, mobile-money services and region-specific payment methods

Support and education

Support hours
24/5
Contact channels
Live chat, email, phone, Help Centre
Languages
Multilingual
Telephone
+44 204 577 9510
Email
customersupport@alpari.com
Live chat response
Typically under 2 minutes
Education
Extensive: Alpari Academy, educational articles, trading guides, webinars, tutorials and beginner education
Research
Market analysis, daily trade ideas, analyst insights, technical/fundamental analysis and market news

The company behind the brand

Legal entity
Parlance Trading Ltd
Company number
HY00423015
Headquarters
Fomboni, Moheli, Comoros Union
Founded
1998
Publicly listed
No
Parent company
Independent
Employees
200+
Also trades as
Alpari

Latest about Alpari

Ratings are only as current as the news behind them, so here is the latest reporting on Alpari and any regulator notice.

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Questions people ask about Alpari

Why does Alpari score 7.9 out of ten?

Alpari scores highest on regulation at 96 out of a hundred and lowest on education at 55. The overall figure is the tracker's own and the categories are what produced it, so the gap between those two is the more useful number.