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Alpari Review

Alpari International is a reliable forex and CFDs broker that was established in 1998 as the Alpari Group, and rebranded Alpari International in 2013. The Mauritius-based brokerage is the trading entity of Exinity Limited, a licensed financial service provider that is regulated by the FSC in the Republic of Mauritius. Alpari International has representative offices in South Africa and is regulated by the FSCA.

Overall Rating


Rated #70 of 
Recommended FX Brokers

💰Minimum Deposit

USD 100

🌐 Regulators


📱 Trading Desk

MetaTrader 4



📈 Total Pairs


☪️ Islamic Account


📊 Trading Fees


🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

Alpari International offers both MetaTrader platforms and Alpari CopyTrade to trade currency pairs and CFDs on commodities, stocks and indices. Alpari International is regulatory compliant, and a safe and trustworthy broker for forex traders in Africa.

Is Alpari International regulated?

Alpari International is trading brand of Exinity Group which is licensed and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius.

The Financial Services Commission (FSC) Mauritius regulates the non-bank financial services sector in Mauritius. The Commission was established in 2001 and is mandated under the Financial Services Act 2007 to license, regulate, monitor and supervise the conduct of business activities in these sectors.

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FSCA: Financial Sector Conduct Authority, South Africa

The Financial Sector Conduct Authority (FSCA) is responsible for market conduct regulation and supervision in South Africa. The FSCA aims to enhance and support the efficiency and integrity of financial markets and to protect financial customers by promoting their fair treatment by financial institutions.

Is Alpari International regulated in South Africa?

Yes, Alpari International is regulated by the Financial Sector Conduct Authority (FSCA) in South Africa (FSP 50320).

Is Alpari International legit?

Yes, Alpari International is a legitimate forex and CFDs broker and electronic trading platform. The global broker was established in 1998 and its global team has extensive experience in online trading. Alpari International has eight global locations across four continents. The brokerage is regulatory compliant and is a safe and reliable broker for forex traders in Africa.

What type of broker is Alpari International?

Alpari International is a Market Maker broker offering Straight Through Processing (STP) and Electronic Communications Network (ECN) accounts. Executions are made by special software and not manually by the broker. ECN accounts means Alpari International competes for bids and offers through an electronic trading platform, which are sent to one liquidity pool. STP accounts means bids and offers are executed electronically and Alpari International does not intervene in orders.

Is Alpari International a good broker?

Yes, Alpari International is a safe and reliable broker for all types of forex and CFDs traders. Alpari International provides an excellent trading environment in terms of security and advanced trading platforms. The brokerage is a trading entity of Exinity Group, which is licensed in the Republic of Mauritius, has a global presence across four continents and over 2 million registered customers.

Alpari International security

Alpari International is regulatory compliant and regarded as safe to use by forex traders in Africa. Alpari International follows strict regulatory guidelines for trader and investor protection and has implemented industry protocol to secure their clients’ money and information.

Regulated broker

Alpari International is a trading brand of Exinity Group, which is licensed and regulated by the Financial Services Commission (FSC) Mauritius and the Financial Services Conduct Authority (FSCA) in South Africa.

Segregated accounts

Alpari International keeps client funds in a separate account which is held by a leading bank. The forex broker cannot access clients’ funds to pay for company expenses or liabilities. The funds are held in ring-fenced accounts separate from Alpari International’ financial accounts.

SSL-protected personal area

Alpari International uses highly secure technology to protect its clients’ data and financial transactions. SSL-secured Personal Area is protected with 128-bit encryption, making browsing safe and data inaccessible to any third parties.

Negative Balance Protection

Alpari International provides Negative Balance Protection for its clients. Alpari International will automatically top up the balance to 0, and clients don’t pay anything if market volatility prevents them from keeping a positive balance on their trading account.

Financial Commission’s Compensation Fund

Alpari International has been registered with the Financial Commission’s Compensation Fund since 2013. The Financial Commission is an independent global entity provides online traders and brokers with an external dispute resolution (EDR) mechanism. The Financial Commission acts as a neutral third party and helps settle disputes between clients and their financial services providers. The Fund automatically covers all Alpari International customers.

Two-step authentication

Alpari International requires two-step authentication to enhance your trading platform’s security and protect your deposits and personal information from hackers using SMS and backup codes. Alpari International uses 3D secure technology when processing credit and debit cards. This technology makes all Visa transactions transparent and safe.

Know Your Customer (KYC) checks

Alpari International is required by law to collect and verify certain personal information and execute Know Your Customer (KYC) checks.

Alpari International trading platforms

Alpari International is a MetaTrader broker and offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms to trade forex, commodities, shares and indices. Alpari International also offers a proprietary social trading platform called Alpari CopyTrade that allows customers to copy trading positions from Strategy Managers.

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MetaTrader 4

MetaTrader is a pioneer electronic trading platform developed by MetaQuotes Software. Since 2002, MetaQuotes Software has released several software applications for trading, but the company hit the jackpot with MT4. MT4 is the most popular and widely-used electronic trading platform for retail foreign exchange (forex) speculative traders.

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MetaTrader 5

MetaTrader 5 (MT5) was developed by MetaQuotes Software Corporation and launched in June 2010. MT5 is not a new and improved version of MT4. It was created to broaden MetaTrader’s functionality from a single-market trading platform to a multi-market platform, offering traders an advanced trading platform and excellent tools to trade a broader range of financial instruments.

What products does Alpari International offer?

Alpari International is a multi-asset forex and CFDs broker. Clients use the MT4 and MT5 trading platforms to trade currency pairs and CFDs on commodities, stocks and indices with competitive spreads and tight margins in normal trading conditions.

Forex 30 major and minor pairs inc. EUR/USD, GBP/USD and USD/JPY
Commodities CFDs on precious metal, oil and natural gas
Stocks CFDs on big brand stocks inc. Amazon, Apple, Facebook, Netflix
Indices CFDs on major indices inc. AUS200, Europe50, Japan 225, UK 100

Does Alpari International offer copy trading?

Yes, Alpari International offers a separate copy trading platform called Alpari CopyTrade. Customers also have add-on copy trading software available on the MetaTrader platforms.

Does Alpari International have Nasdaq?

Yes, Alpari International offers NASDAQ-100 (US100). US100 is traded as a futures CFD on the MT4 trading platform. The US100 assigns a capitalisation-weighted index containing 100 of the largest publicly traded non-financial businesses on the Nasdaq composite index. The US100 is one of the most significant large-cap growth indexes in the world.

How to trade forex with Alpari International

Traders and investors cannot directly access the global forex market. They must trade through a trading platform hosted by a regulated forex and CFDs broker.

To start trading the financial markets with Alpari International, you must register with the broker and follow the easy steps to verify your identity and set up a trading account. Deposit funds when your trading account has been approved and start trading.

How to open a Alpari International trading account

  1. Open the official website for Alpari International
  2. Select Register
  3. Fill in registration form, provide personal information to verify your identity
  4. Select a trading platform
  5. Deposit funds into your trading account
  6. Start trading with Alpari International when your account has been verified and opened

What trading accounts does Alpari International offer?

Alpari International offers four types of accounts for beginner and experienced forex and CFDs traders. Alpari International also offers a free demo account and a swap-free Islamic account for Muslim traders.

Standard MT4 account

Minimum deposit




$/€/£ 100, ₦20 000


From 1.2 pips

Floating 1000:1

Micro MT4 account

Minimum deposit




$/€/£ 5, ₦1 000


From 1.7 pips

Floating 400:1

ECN MT4 & MT5 account

Minimum deposit




$/€/£ 500, ₦20 000

$1.5 per lot, per side

From 0.4 pips

Floating 1000:1

ECN PRO MT4 account

Minimum deposit




$/€/£ 25 000


From 0.4 pips

Floating 300:1

Does Alpari International offer a free demo account?

Yes, Alpari International offers a free demo account on the MT4 and New Generation trading platforms. Alpari International clients can register and sign up for a free demo account which is instantly available to start trading virtual (fake) money. You can trade forex in real-time under actual market conditions but with zero risks of losing real money. Once beginner traders learn how to trade on a free demo account, they are ready to open a live trading account.

Does Alpari International offer an Islamic account?

Yes, Alpari International offers an Islamic swap-free live account to clients of the Muslim faith under Shariah Law. It is available on the following accounts: Standard MT4, Micro MT4, ECN MT4 and ECN PRO MT4.

Deposits and withdrawals

How to deposit money into a Alpari International trading account

  • Click on My Money on the left hand side of the menu in MyAlpari
  • On the dropdown menu, click on Deposit Funds
  • Choose the payment mechanism you want to use
  • Click on Account from the dropdown menu and choose what trading account you’d like to fund
  • Choose which currency you want to trade in and type in your deposit amount
  • Fill out all the remaining fields if required
  • Click Confirm to proceed.
  • Review all the information you’ve inputted before clicking ‘Submit
  • You’ll be directed to a payment processing page where you input your card or banking details
  • Click on MyAlpari History if you want to view your deposit status

You can deposit funds into your Alpari International trading account in four different ways:

  • online payment gate way, including FASAPay and Skrill
  • credit card payments, including Visa, Mastercard and Maestro
  • eWallets, including Skrill, Neteller and WebMoney
  • bank wire transfers

Does Alpari International charge a deposit fee?

No, Alpari International does not charge a deposit fee for bank transfers and credit card payments. Third-party payment gateways and your mainstream bank may charge you additional fees for electronic transfers. Alpari International does not cover any fees charged if you deposit funds in a currency different from the base currency of your account.

How to withdraw money from a Alpari International account

  • Go to My Money
  • Select Withdraw
  • Choose which payment method you prefer
  • Click Withdraw
  • Choose the MyAlpari account or wallet you wish to withdraw from and complete the form
  • Select your reason for withdrawing the funds and enter the PIN that is sent to you via email or SMS
  • Click Submit

How many days do Alpari International withdrawals take?

All withdrawal requests from Alpari International accounts are processed within 24 hours during the working week. Alpari International will notify you by email as soon as your request is processed. Due to the anti-money laundering protocol, it can take 2 to 5 days to reflect in your bank account.

Does Alpari International charge a withdrawal fee?

No, Alpari International does not charge a withdrawal fee. Your bank may charge you additional fees for monetary transfers.

Alpari International commission and spreads

Alpari International commission and spreads depend on the type of account you choose. Alpari International is a Market Maker broker and makes money on the bid-ask spreads on retail trading accounts. Alpari International charges an Overnight Holding fee and an Inactivity fee.

Standard MT4 Spreads from 1.2 pips Commission-free trading, mark up on spreads
Micro MT4 Spreads from 1.7 pips Commission-free trading, mark up on spreads
ECN MT4 Spreads from 0.4 pips 1.5$/lot per side
ECN PRO MT4 Spreads from 0.4 pips Commission-free trading, mark up on spreads

FAQs: Alpari International

Does Alpari International have a Deposit Bonus?

No, Alpari International does not offer a sign-up Deposit Bonus for new traders. Alpari International does offer a Refer-a-Friend; invite your friends to register an account and you can earn a bonus amount of $50 each.

What leverage does Alpari International offer?

The maximum leverage offered by Alpari International is 10000:1 on the Standard MT4 and ECN MT4 trading account

Does Alpari International have a mobile app for forex trading?

Yes, Alpari International offers an easy-to-use mobile app for the MT4 and MT5 trading platforms.

Where is Alpari International based?

Alpari International is based in the Republic of Mauritius.

Who is the CEO of Alpari International?

The former CEO of Alpari International is Vladimir Verbitskiy (2018-2020).

Does Alpari International offer online support?

Yes, Alpari International offers 24/5 online Customer Support, available Monday to Sunday via Live Chat on their website. You can also contact Alpari International Customer Services via email or telephone.

Who can I speak to at Alpari International for help?

Alpari International provides dedicated 27/5 Customer Service supported by Live Chat, email or telephone.

Live Chat Alpari International

24/5 support +442 080 896 850



Forex and CFDs are complex instruments, and trading these instruments come with a high-risk warning. Trading forex and CFDs involves a high risk of losing money rapidly due to leverage and margin. You need to understand how forex trading works and decide whether you can afford to take the risk of losing money on trade orders that do not go your way.

Forex Trading Africa annually reviews brokers and financial instruments and provides information to help traders and investors make better decisions when trading on global markets. The information is published to help improve your knowledge and understanding of international multi-asset trading and market participants.

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