Score

1.75 /10
Danger

Alpari International

Mauritius

5-10 years

Regulated in Belarus

Retail Forex License

Global Business

Belize Retail Forex License Revoked

High potential risk

AA

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Comparison

Quantity 108

Exposure

Open Account
Website

Score

Regulatory Index5.50

Business Index7.77

Risk Management Index0.00

Software Index4.95

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

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2022-09-20
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2020-01-01
INVESTOR ALERT LIST
Alpari International

Broker Information

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Company Name

EXINITY LIMITED

Company Abbreviation

Alpari International

Platform registered country and region

Mauritius

Company website

X

Facebook

Instagram

YouTube

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 5
Previous Detection : 2025-02-23
  • The number of the complaints received by WikiFX have reached 83 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The number of this brokers's negative field survey reviews has reached 2. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Sources
    Alpari International · Company summary
    Quick Alpari Review Summary
    Founded in2002
    Registered inMauritius
    Regulated byNBRB
    Trading InstrumentsForex, Metals, Commodities, Indices, Cryptos, and Stocks
    Demo Account
    Islamic Account
    Account TypePro ECN, ECN, Standard
    Min Deposit$/€50
    Max Leverage1:3000
    Spread0.3 pips onwards (Standard account)
    Trading PlatformAlpari App, Desktop, MT4/5
    Payment MethodCredit/debit cards, e-wallets, bank wire transfers, and local payment solutions
    Customer ServiceLive chat, Telegram

    Alpari Information

    Founded in 2002, Alpari is regulated by the NBRB in Belarus and has eight global offices with operations on three continents. Alpari does not offer services for the residents from the USA, Japan, Canada, Myanmar, the Democratic Republic of Korea, European Union, United Kingdom, Syria, Sudan and Cuba.

    Alpari's homepage

    Pros and Cons

    ProsCons
    Regulated by NBRBToo many complaints
    Many instruments availableNo copy trading
    Demo accountsRegional restrictions
    Low minimum deposit
    MT4 and MT5 platforms
    Live chat support

    Is Alpari Legit?

    Yes. Alpari is regulated by National Bank of the Republic of Belarus (NBRB).

    Regulated CountryRegulated byRegulated EntityLicense TypeLicense Number
    NBRB
    NBRBAlpari Evrasia Limited Liability CompanyRetail Forex LicenseУНП192637625

    Market Instruments

    Alpari offers trading in Forex, Metals, Commodities, Indices, Cryptos, and Stocks.

    Tradable AssetsAvailable
    Forex
    Metals
    Commodities
    Indices
    Cryptos
    Stocks
    Bonds
    Options
    ETFs

    Account Types/Fees

    Demo Account: Alpari provides a demo account that allows you to try out the financial markets without the risk of losing money.

    Live Account: there are in total 3 types of live account: Pro ECN, ECN, and Standard. In the table below you can see the details. The minimum deposit ranges from $/€50 to $/€500, and other conditions such as leverage, spread, and commissions are also different.

    Account TypePro ECNECNStandard
    Trading InstrumentsFX, metals, indices, commodities, cryptos, stock CFDs (only MT5)FX, metals, indices, commodities, cryptosFX, metals, indices, commodities, cryptos
    Min Deposit$/€500$/€300$/€50
    Max Leverage1:30001:30001:1000
    SpreadFrom 0.0 pipsFrom 0.1 pipsFrom 0.3 pips
    Commission$25 per mil notional traded (FX, metals, indices, commodities)
    0.03% notional traded (crypto)
    $0.02 per side/lot
    Trading PlatformMT4/5MT4MT4/5
    Margin Call80%80%50%
    Stop Out50%50%20%
    Swap Free
    Account comparison

    Leverage

    Alpari offers a maximum leverage of up to 1:3000 for the Pro ECN and ECN accounts, while 1:1000 for the Standard accounts. However, since leverage can magnify your profits, it can also result in a loss of capital, especially for inexperienced traders. Therefore, traders must choose the right amount according to their risk tolerance.

    Account TypeMax Leverage
    Pro ECN1:3000
    ECN1:3000
    Standard1:1000

    Trading Platforms

    Alpari uses MetaTrader 4 and MetaTrader 5, which offer great flexibility, extensive charting tools and a user-friendly interface. Besides, Alpari offers a proprietary platform, which is available on desktop and mobile devices.

    Trading PlatformSupportedAvailable DevicesSuitable for
    Proprietary platformDesktop, Mobile/
    MT4iOS, Android, Mac, WebtraderBeginners
    MT5iOS, Android, PC, MacExperienced traders

    Deposit and Withdrawal

    Alpari accepts deposits and withdrawals via credit/debit cards, e-wallets, bank wire transfers, and local payment solutions.

    The minimum deposit amount depends on the trading account you choose, and can vary between $20 and $500. There's no maximum deposit restriction on Alpari.

    You can withdraw as much as you like, as long as you use the same payment method that you used to deposit with. If you still have open positions, youll need to leave enough free margin in your account to cover the withdrawal and any extra fees that may occur.

    News

    ExposureAlpari Intl Shuts Down: Clients Urged to Move to FXTM

    Alpari International halts operations. Clients are urged to join sister firm FXTM for a seamless trading experience with robust tools and support.

    WikiFX
    2024-07-11 17:02
    Alpari Intl Shuts Down: Clients Urged to Move to FXTM

    NewsAlpari International Review According to WikiFX Real Data and its Regulatory Status

    Explore a comprehensive review of Alpari International's trading platforms, accounts, and services. Learn about its regulation, user experience, and education resources to make informed trading decisions.

    WikiFX
    2023-11-03 17:44
    Alpari International Review According to WikiFX Real Data and its Regulatory Status

    ExposureThe List Of Unauthorized Online Trading Firms That Have Been Warned By The Reserve Bank Of India

    The Reserve Bank of India warns the locals to avoid dealing with unauthorized online trading entities, which are listed below, due to a lack of compliance.

    WikiFX
    2023-01-19 10:17
    The List Of Unauthorized Online Trading Firms That Have Been Warned By The Reserve Bank Of India

    NewsTrading Schedule for Martin Luther King Day 2023

    Martin Luther King Day 2023 is an annual federal American holiday that celebrates the birthday of Martin Luther King Jr. (January 15). It celebrates the life and achievements of this influential

    WikiFX
    2023-01-16 10:25
    Trading Schedule for Martin Luther King Day 2023

    User Reviews

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    User comment

    18

    Comments

    Write a review

    Colodia
    more than one year
    I love the tight spreads !!! But customer service could be quicker., I tink......
    I love the tight spreads !!! But customer service could be quicker., I tink......
    Translate to English
    2024-08-01 17:31
    Reply
    0
    0
    Zebedee Pucklechurch
    more than one year
    Alright, gotta spill the tea on Alpari. First off, complaints, complaints, complaints – that's the buzz. No copy trading is a miss, especially when everyone's into that. They throw in a demo and some education stuff, but real talk, the reliability is a bit shaky with all those user gripes. Might wanna watch your step and check out other options without the drama.
    Alright, gotta spill the tea on Alpari. First off, complaints, complaints, complaints – that's the buzz. No copy trading is a miss, especially when everyone's into that. They throw in a demo and some education stuff, but real talk, the reliability is a bit shaky with all those user gripes. Might wanna watch your step and check out other options without the drama.
    Translate to English
    2023-12-06 11:17
    Reply
    0
    0
    99+