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Is Alpari (UK) Regulated in UAE? Is Alpari (UK) Legit?

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Is Alpari (UK) Regulated in UAE? Is it Legit? - TU Expert review

Updated: February 06, 2025

Mikhail Vnuchkov

Contributor

Reviewed by

Dr. BJ Johnson

Editor

Official Alpari (UK)
website

Your capital is at risk.

Full Alpari (UK)
overview

Regulator	Full name	Country
FSC (Mauritius)	Financial Services Commission of Mauritius	Mauritius
MISA (Mwali)	Mwali International Services Authority	The Comoros

Is Alpari (UK) regulated in UAE? Broker’s license

Security (Protection for Investors)

Information

The Alpari broker is registered in Saint Vincent and the Grenadines and holds a 20389 IBC 2012 license from the Registrar of International Business Companies, which can be found on the Alpari website.

This license allows the company to provide its services in the international foreign exchange market. The company is also a member of the International Financial Commission, whose task is to resolve disputes between traders and brokers at the international level. Alpari does not provide data on the regulatory bodies of the broker.

👍 Advantages

The rights of the company's clients are protected by the International Financial Commission
The rules for using the broker's services are prominently displayed on the official website.

👎 Disadvantages

Information about the regulators is not provided on the broker’s official website

Is Alpari (UK) regulated in UAE? Broker’s license

Alpari (UK) regulation review

Regulator	Country	Regulation level	Investor Protection Fund
FSC (Mauritius)	Mauritius	Tier-3	No specific fund
MISA (Mwali)	The Comoros	Tier-3	No specific fund

Understanding Forex Regulation Levels

When choosing a Forex broker, their regulatory framework plays a pivotal role in ensuring trust and security. Below is an overview of the different regulatory tiers:

Tier-1 Regulators:
These authorities are globally recognized for their strict oversight and high compliance standards. They prioritize trader safety, financial transparency, and overall market stability. Notable examples include the FCA in the United Kingdom and ASIC in Australia.
Tier-2 Regulators:
While not as stringent as Tier-1, these regulators enforce solid compliance protocols that provide traders with a fair degree of security and reliability.
Tier-3 Regulators:
Often limited to simple registration processes, Tier-3 regulators operate in jurisdictions with minimal oversight. Brokers under Tier-3 regulation face fewer compliance demands, offering traders less protection.

Short summary about the broker Alpari (UK)

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).

💰 Account currency:	USD and EUR
🚀 Minimum deposit:	From $1
⚖️ Leverage:	Up to 1:3000
💱 Spread:	from 0.2 pips
🔧 Instruments:	Currency pairs, metals, CFDs
💹 Margin Call / Stop Out:	50%, from 10%

Pros and cons of Alpari (UK)

👍 Advantages of trading with Alpari (UK):

•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.

👎 Disadvantages of Alpari (UK):

•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.

Why is it important for a broker to have the license in UAE?

A financial license is the key document for any broker. It confirms that the company complies with the requirements of the financial regulator and observes the law. It is important for traders to choose a broker registered their jurisdiction for the following reasons:

Any claim is filed at the place of the broker’s registration. Accordingly, in case any dispute arises, it will be easier for the trader to file a claim.
A license issued in UAE guarantees that the broker operates in compliance with the laws of this country and reports to the local regulatory authorities.
Traders can claim compensation under the government programs of deposit guarantees in case the broker experiences financial problems.

It is also possible to choose a broker that is not regulated in UAE. In that case, however, the company must have a license from a reliable regulator, for example of an EU country, the UK, USA, Australia, etc.

Brokers that are similar to Alpari (UK)

In addition to Alpari (UK), also other brokers from this jurisdiction have the license of UAE. Alpari (UK) has many competitors, and before you start working with this broker, you need to compare it to other companies. TU analysts have prepared a comparison of brokers that operate in the UAE market and have a license of this or another reliable jurisdiction.

Comparison of Alpari (UK) with other Brokers

	Alpari (UK)	Eightcap	XM Group	RoboForex	VT Markets
Trading platform	MetaTrader4, MetaTrader5	MT4, MT5, TradingView	MT4, MT5, MobileTrading, XM App	MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader	MetaTrader4, MetaTrader5, VT Markets App, Web Trader+
Min deposit	$1	$100	$5	$10	$50
Leverage	From 1:1 to 1:3000	From 1:30 to 1:500	From 1:1 to 1:30	From 1:1 to 1:2000	From 1:1 to 1:500
Trust management	No	No	No	No	Yes
Accrual of % on the balance	No	No	No	10.00%%	No
Spread	From 0.2 points	From 0 points	From 0.8 points	From 0 points	From 0 points
Level of margin call / stop out	No	No	No	No	No
Execution of orders	Market Execution, Instant Execution	Market Execution	Market Execution	Market Execution, Instant Execution	Market Execution
No deposit bonus	No	No	No	No	No
Cent accounts	No	No	No	Yes	No

Is it safe to trade with Alpari (UK) in UAE?

Alpari (UK) is not regulated in UAE. The company does not hold a financial license, which could raise certain security-related questions. Nevertheless, the company has a good reputation and has proven its reliability to traders. Alpari (UK) offers attractive conditions; many traders in UAE have chosen to work with this broker. However, be aware of the risks when working with such companies.

Igor Krasulya

Author at Traders Union

FAQ

How do I check a broker’s license?

Brokers should provide their license on their official website. It is also recommended to check it on the official website of the financial regulatory authority.

Does a broker need to have an official representative office in UAE?

Yes. According to the rules of UAE, brokers must have an office in UAE. This is a mandatory condition for obtaining the license.

Can the license issued by UAE be considered reliable protection against fraud?

Yes. The rules of the financial regulator of UAE are very strict, which makes obtaining a license in this jurisdiction extremely difficult for scammers.

What kind of information should a broker provide for traders?

On their official websites, brokers must provide the name of the managing company, r egistration certificate, legal address and internal regulatory documents.