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No Regulation
Score
1.24 /10
Danger
Alpari Comoros
1-2 yearsSuspicious Regulatory License
Suspicious Scope of Business
High potential risk
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Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index4.91
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
2
Previous Detection :
2024-09-21
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
Alpari offers hundreds of assets to trade. Besides, it also offers a low minimum deposit. However, unregulated and limited information puts traders at risk of financial loss.
Pros and Cons
| Pros | Cons |
| Multiple trading assets | Not regulated |
| Low minimum deposit | Lack of transparency |
| Low spreads |
Is Alpari Legit?
Alpari (Comoros) Ltd is registered under the number HY00423015. However, customers were unable to locate any information regarding the Autorité de Régulation des Marchés Financiers (ARMF).
What Can I Trade on Alpari?
Alpari provides hundreds of markets, including Forex, Metals, Commodities, Indices, Cryptos and Stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Metals | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Crypto | ✔ |
| Stocks | ✔ |
| Bonds | ❌ |
Account Type
Alpari provides 3 account types: PRO ECN, ECN and Standard. It also provides demo accounts.
Demo accounts help customers to practice their abilities and obtain financial knowledge. Then, they can utilize live accounts to engage in actual trading.
PRO ECN account is designed for those who are professional ones.
ECN account is a good choice for experienced traders.
Standard account is suitable for beginners.
| Account Type | Minimum Deposit | Leverage |
| PRO ECN | $500 | 1:3000-1:1 |
| ECN | $500 | 1:3000-1:1 |
| Standard | $50 (MT4), $100 (MT5) | 1:3000-1:1 |
Alpari Fees
| Account Type | Spread | Commission |
| PRO ECN | from 0 pips | $25 per million notional on FX, Metals and CFDs |
| 0.05% notional on Crypto | ||
| $0.02 per side/lot on Stock CFD (MT5 only) | ||
| ECN | market execution | - |
| Standard | from 0.8 pips | - |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Alpari Mobile app | ✔ | iOS, Android | Experienced traders |
| MT4/5 | ✔ | Desktop, Webtrader | All traders |
Deposit and Withdrawal
Alpari requires a minimum deposit of $1. So does the minimum withdrawal.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Local APMs | $1 | 0 | 30 minutes |
| Crypto processing | / | 0 | 1 hour |
| Cards | $5 | 2.5% | 30 minutes |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Local APMs | $1 | 0 | 1 hour |
| Crypto processing | / | 0.1% (min $3, max$10) | 1 hour |
Customer Service
| Contact Options | Details |
| Phone | +44 2045 771951 |
| ❌ | |
| Support Ticket System | ❌ |
| Online Chat | 5/24 |
| Social Media | Facebook, YouTube, Instagram |
| Supported Language | Arabic, Persian, Farsi, Russian, English |
| Website Language | Arabic, Persian, Farsi, Russian, English |
| Physical Address | Bonovo Road, FomboniIsland of MoheliComoros Union |
The Bottom Line
In conclusion, Alpari provides hundreds of assets with low deposits for traders, which attracts many small asset traders. However, investors will suffer from withdrawal risks because of inadequate information. Traders need to be cautious when selecting a broker.
FAQs
Is Alpari a good for beginners?
No. Although it offers demo accounts, low minimum deposit, and beginner-frienddly MT4 trading platform, unregulated status is a great concern.
Does Alpari offer commission-free trading?
It varies on the account type and trading asset class. If you choose the PRO ECN account, you will have to pay a commission. But if you choose the Standard or ECN account, it seems that no commission will be charged.
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