Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Alpari Pros & Cons
- a large number of trading accounts for traders with different levels of experience and goals;
- high-quality and efficient work by the customer support service;
- many ways to replenish the deposit and withdraw funds.
- no trading on weekends;
- withdrawal of funds is carried out after occasional delays;
- commission compensation for deposits or withdrawals is available only for traders with VIP status;
- trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4.
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
TU Expert Verdict
Alpari is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of Alpari have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Alpari with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Alpari’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Alpari Standard spreads Alpari OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.3 0.5 1.2 GPB/USD min, pips 0.3 0.1 0.9 GPB/USD max, pips 0.6 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Alpari RAW/ECN spreads Alpari OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Alpari. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Alpari Non-Trading Fees Alpari OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Alpari Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.9 /10Alpari has a safety score of 4.9/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 21 years
- Not tier-1 regulated
Alpari Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
FSC (Mauritius) Full Name Financial Services Commission of Mauritius Country of regulation Mauritius Investor Protection Fund No specific fund Regulation Level Tier-3 Abbreviation MISA (Mwali) Full Name Mwali International Services Authority Country of regulation The Comoros Investor Protection Fund No specific fund Regulation Level Tier-3 Alpari Security Factors Foundation date 2005 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.8 /10Alpari offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Demo account
- Tight spread ECN account
- Low minimum deposit
- No Cent account
- No VIP account option
Alpari account types vs top competitors Alpari Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoAlpari accounts trading conditions
Alpari provides clients with several account options for novice and professional traders. The main differences between trading accounts are in the size of the minimum deposit, available trading platforms, number of trading assets, maximum leverage, stop-out level, as well as the method of order execution and the maximum trading volume.
Account types:
Account Type Description nano.mt4 is a cent account with a minimum lot size of 1000 units, while a standard lot consists of 100,000 currency units. Minimum deposit without requirements (where the trader can replenish the account for any amount), and the leverage is fixed at 1:500. There are 33 currency pairs and two metal trading instruments. The platform is suitable for novice traders to gain trading skills or professionals to test trading strategies; standard.mt4 is a standard account on the MetaTrader 4 platform. Suitable for traders with basic skills in foreign exchange trading. The minimum deposit is EUR / USD 20, the leverage varies from 1:10 to 1:1000, there are 33 currency pairs and 2 metals among the trading assets. The swap-free function can be activated; standard.mt5 is a standard account for the MetaTrader 5 platform and is recommended for more experienced traders. The minimum deposit is EUR / USD 100, the leverage is adjustable, from 1:10 to 1:1000, 33 currency pairs and 2 metals round out the offerings; ecn.mt4 is an account for experienced traders that offers a higher-order execution speed and liquidity. The minimum deposit is EUR / USD 300, the leverage varies from 1:2 to 1:3000, 46 currency pairs, two metals, and 18 CFD contracts are represented among the trading instruments. You can disable swaps on your account by making it Islamic; pro.ecn.mt4 an account for professional Forex market participants working with the MetaTrader 4 platform. The deposit on the account starts from EUR / USD 500, leverage varies from 1:2 to 1:3000, 46 currency pairs, two metals, and 18 CFD contracts. For a standard lot (USD 100,000) there is a commission of $1.6. It is possible to enable the swap-free function; special.ecn.mt4 an account for professional traders. It duplicates the conditions of the pro.ecn.mt4 account, except for the commission except that for 1 standard lot the trader is charged a trading fee of $6; ecn.mt5 an account for professional traders using the MetaTrader 5 platform for trading. The minimum deposit is EUR / USD 500, the leverage is adjustable from 1:2 to 1:3000. Also available for trading are 46 currency pairs, two metals, and 18 CFD contracts. The commission for a standard lot is $1.6. Before opening a real account with any brokerage firm, we recommend testing the broker's trading conditions on its demo account.
Alpari is a broker focused on cooperation with professional and novice traders, as well as offering acceptable conditions for trading, investing, and professional development.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.3 /10Alpari received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Alpari provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- No deposit fee
- Minimum deposit below industry average
- Bank card deposits and withdrawals
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC payments not accepted
What are Alpari deposit and withdrawal options?
Alpari provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, USDT.
Alpari Deposit and Withdrawal Methods vs Competitors Alpari Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are Alpari base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Alpari supports the following base account currencies: USD, EUR.
What are Alpari's minimum deposit and withdrawal amounts?
The minimum deposit on Alpari is $20, while the minimum withdrawal amount is $5. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Alpari’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10Alpari offers a limited selection of trading assets compared to the market average. The platform supports 100 assets in total, including 70 Forex pairs.
- Crypto trading
- Indices trading
- 70 supported currency pairs
- Futures not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Alpari with its competitors, making it easier for you to find the perfect fit.
Alpari Trading.com Plus500 Currency pairs 70 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 100 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Alpari offers for beginner traders and investors who prefer not to engage in active trading.
Alpari Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Alpari by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Alpari in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Alpari is $20. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
Alpari account opening Alpari Trading.com Plus500 Online Registration YesYesYesMinimum deposit $20 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is Alpari available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading with Alpari and receive a rebate for completed trades from the Traders Union you need to do the following:
Open the Traders Union website and register. The process takes up to 15 minutes including verification. You just need to enter your email address or use your personal Facebook account. Then follow the referral link to the broker's website and click on the "Register" button.
Create a personal account with a broker. To do this, fill in all the fields in the form with personal data.
Indicate the country and city where you live.
Confirm registration with an individual code. Choose a convenient way to receive the code and enter it in the line intended for this. Upon completion of registration, you will be taken to your personal account.
Using your personal account, you can:
Open a real account.
Deposit funds to a trading account or withdraw earnings.
The following functions are also available to the trader in the personal account:
- change/edit your personal data;
- adjust account settings;
- make investments;
- manage your account;
- manage your investments;
- access current promotions and bonus offers;
- access trading terminals;
- participate in contests;
- access training materials;
- verify your account and become a PAMM account manager.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.7 /10Alpari received a score of 7.7/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- Trading bots (EAs) allowed
- One-click trading
- API access for automated trading
- Free VPS for uninterrupted trading
- No TradingView integration
- No access to cTrader and its advanced tools.
- No access to a proprietary platform
Supported trading platforms
Alpari supports the following trading platforms: MT4, MT5, WebTrader. This selection covers the basic needs of most retail traders. We also compared Alpari’s platform availability with that of top competitors to assess its relative market position.
Alpari Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Alpari’s trading platform features
We also evaluated whether Alpari offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA NoAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 30 Tradable assets 100 Additional trading tools
Alpari offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Alpari trading tools vs competitors Alpari Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. YesYesNoAPI YesNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria5.5 /10Alpari supports mobile trading, offering dedicated apps for both iOS and Android. Alpari received 5.5/10 in this section, which suggests limited user interest or weak performance of the apps.
- Strong Android user ratings, currently at 4.2/5
- Indicators supported
- Mobile 2FA not supported
- Weak user feedback on iOS
We compared Alpari with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Alpari Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 100,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 2.0 4.8 4.7 Google Play score 4.2 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts NoYesYes -
Customer Support
Score:We evaluated Customer Support at Alpari by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria8.1 /10Alpari demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, Alpari shows reliable service and active engagement with clients.
InformationThe company's customers have the opportunity to seek help from the 24-hour support service, which is open from Monday to Friday (24/5).
- Answers most questions very quickly
- Polite and efficient staff
- A large number of communication methods
- Does not work on weekends
The broker offers several ways to contact support such as:
- call to numbers on the website;
- email;
- Skype call;
- message to the online chat on the broker's website.
Also, communication is carried out through Facebook Messenger, Viber (chat), Telegram (bot), VK (chat), and traders can leave a claim through the feedback form in their personal account.
Contacts Foundation date 2005 Registration address Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines Regulation FSC (Mauritius), MISA (Mwali) Official site alpari.com Contacts customersupport@alpari.org +442 080 896 850
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FAQs
How safe is trading with Alpari in terms of regulation and client protection?
Alpari has a safety score of 4.9/10, which corresponds to a low security level in this review. It is regulated by the Financial Services Commission of Mauritius (FSC) and the Mwali International Services Authority (MISA), both described as Tier-3 regulators, and offers negative balance protection and KYC verification, but it is not Tier-1 regulated and there is no specific investor compensation fund mentioned, which may increase regulatory risk compared with higher-tier jurisdictions.
What types of trading accounts does Alpari offer and how do they differ?
Alpari provides several account types, including nano.mt4 (cent), standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, and ecn.mt5, with differences in minimum deposits, leverage ranges, instruments available, and commission structures. Some accounts allow enabling swap-free (Islamic) conditions, while ECN and Pro ECN options are geared toward more experienced or professional traders with higher minimum deposits and variable commissions per standard lot.
What do user reviews say about Alpari overall?
Alpari has a user satisfaction score of 7.9/10 based on 279 reviews, with 29% of users giving 5 stars, 36% giving 4 stars, and smaller portions assigning 3 stars or below. According to user reviews, the overall tone is mostly positive, although a notable share of 3-star ratings suggests some mixed experiences.
What deposit and withdrawal options and limits are available at Alpari?
Alpari supports deposits and withdrawals via bank cards, bank wire, Skrill, Neteller, and USDT, with no deposit fee mentioned and a minimum deposit that is described as below the industry average. The broker’s base account currencies are USD and EUR, and the stated minimum deposit is $20 with a minimum withdrawal of $5, though the section notes that exact thresholds can vary by account type and payment method.
How do traders describe Alpari’s account opening process in their feedback?
The review notes that Alpari’s account opening process is relatively fast and structured, with online registration taking about 7 minutes, mandatory KYC completed within 1 business day, and a minimum deposit of $20. Based on available user reviews in this section, the procedure is characterized as accessible and hassle-free overall, although it is mentioned that the setup steps may feel less convenient for some beginners.
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