Alpari Review 2024
Written by BrokerNotes.co
Fact-checked by Steven Hatzakis
Fact-checked by Joey Shadeck
Edited by Jeff Anberg
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Alpari provides a decent offering for traders looking to engage in forex and CFD trading. Our assessment found that it delivers a solid range of trading platforms and some educational resources, though it falls short in some areas of trust and regulatory oversight.
Overall Rating
Minimum Deposit
Trust Score
Pros and Cons
Pros
- Support for MetaTrader Platforms: Alpari supports both MetaTrader 4 and MetaTrader 5, well-known for their powerful trading capabilities.
- Copy Trading Available: Offers the option of copy trading, which can be particularly appealing to less experienced traders or those looking to leverage the strategies of others.
- Diverse Trading Instruments: Alpari offers a variety of trading instruments, including 46 forex pairs and a moderate total of 105 tradeable symbols.
Cons
- Limited Regulatory Coverage: Not regulated by top-tier authorities like the FCA or ASIC, which might raise concerns about security and reliability.
- No Advanced Educational Videos: Does not provide advanced educational videos, which could be a drawback for traders looking to deepen their market knowledge.
- Average Trust Score: With a trust score of 68, Alpari is perceived as moderately trustworthy but far from ranking among the industry leaders.
Ratings Summary
- Investment Types - 5.5/10
- Commissions & Fees - 7.5/10
- Trading platforms - 7.5/10
- Research - 6.0/10
- Mobile Apps - 7.5/10
- Education - 6.5/10
- Overall - 6.8/10
Can I trust Alpari?
Alpari's lower trust score and lack of regulation by top-tier authorities like the FCA or ASIC suggest it carries a higher risk compared to more heavily regulated brokers. According to ForexBrokers.com, Alpari should be approached with caution due to its trust score, which indicates average reliability.
Alpari is currently licensed and/or authorised by the following regulatory bodies:
- Tier-1 Regulators - None
- Tier-2 Regulators - None
- Tier-3 Regulators - None
- Tier-4 Regulators - Mauritius' Financial Services Commission (FSC)
Is Alpari good for beginners?
Alpari is suitable for beginners, primarily due to its offering of beginner education videos and user-friendly MetaTrader platforms. However, the absence of advanced educational resources means it might not fully cater to the needs of those looking to advance beyond basic trading.
| Feature |
Alpari
|
|---|---|
| Education (Forex or CFDs) | Yes |
| Client Webinars | No |
| Videos - Beginner Trading Videos | Yes |
| Videos - Advanced Trading Videos | No |
| Investor Dictionary (Glossary) | Yes |
Alpari commissions and fees summary
Alpari offers a fee structure with no inactivity charges, which could be beneficial for sporadic traders, but lacks transparency in spread costs.
| Feature |
Alpari
|
|---|---|
| Minimum Deposit | $20 |
| Average Spread EUR/USD - Mini | N/A |
| Average Spread EUR/USD - Standard | N/A |
| All-in Cost EUR/USD - Active | N/A |
| Active Trader or VIP Discounts | Yes |
Alpari trading platforms and tools
Did you know? Trading platforms comparison
Of the 60+ brokers reviewed on BrokersNotes, 64% offer a proprietary platform, 100% offer a web platform, 91% offer a desktop platform, 11% offer cTrader, 14% offer Zulutrade, 81% offer MetaTrader 4, and 64% offer MetaTrader 5.
Alpari is equipped with popular trading platforms MetaTrader 4 and MetaTrader 5, making it a suitable choice for traders who prefer these industry-standard tools.
Trading platforms offered: Both MetaTrader 4 and MetaTrader 5 are available.
Trading tools: Offers a range of standard and advanced trading tools through its supported platforms.
Copy trading: Copy trading is available, providing an option for traders to mimic the trades of experienced peers.
| Feature |
Alpari
|
|---|---|
| Virtual Trading (Demo) | Yes |
| Proprietary Platform | Yes |
| Desktop Platform (Windows) | Yes |
| Web Platform | Yes |
| MetaTrader 4 (MT4) | Yes |
| MetaTrader 5 (MT5) | Yes |
| DupliTrade | No |
Mobile trading apps at Alpari
Alpari offers mobile trading apps that are adequate, with a functional range of features for trading on the go, but are not rated as highly as some competitors.
| Feature |
Alpari
|
|---|---|
| Android App | Yes |
| Apple iOS App | Yes |
| Mobile Economic Calendar | Yes |
| Mobile Alerts - Basic Fields | Yes |
| Mobile Charting - Draw Trendlines | Yes |
| Mobile Watchlist | Yes |
How do I open an account with Alpari?
- Visit the Alpari website.
- Click on the 'Open an Account' button.
- Complete the application form with your personal and financial details.
- Submit necessary identification documents for verification.
- Once approved, deposit funds and start trading.
What can I trade at Alpari?
Traders at Alpari have access to a moderate selection of forex pairs and CFDs, catering to conventional trading demands.
| Feature |
Alpari
|
|---|---|
| Tradeable Symbols (Total) | 105 |
| Forex Pairs (Total) | 46 |
| Social Trading / Copy Trading | Yes |
| Cryptocurrency (Physical) | No |
| Cryptocurrency (Derivative) | Yes |
| Spread Betting | No |
Account funding at Alpari
Alpari supports a variety of funding methods including bank wires, credit cards, and several eWallets like Neteller and Skrill, providing flexibility in making deposits.
| Feature |
Alpari
|
|---|---|
| Visa/Mastercard (Credit/Debit) | Yes |
| Bank Wire (Deposit/Withdraw) | Yes |
| PayPal (Deposit/Withdraw) | No |
| Skrill (Deposit/Withdraw) | Yes |
| Neteller (Deposit/Withdraw) | Yes |
About Alpari
Alpari was founded in 1998 in Kazan, Russia, and is one of the oldest MetaTrader brokers. It offers forex and CFD trading services as well as social copy-trading.
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
Steven Hatzakis is the Global Director of Research for BrokerNotes.co and ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).
Joey Shadeck is the Content Strategist and Research Analyst for BrokerNotes.co and ForexBrokers.com. He holds dual degrees in Finance and Marketing from Oakland University, and has been an active trader and investor for close to ten years. An industry veteran, Joey obtains and verifies data, conducts research, and analyzes and validates our content.
Jeff Anberg is a Staff Editor at BrokerNotes.co and ForexBrokers.com. Along with years of experience in media distribution at a global newsroom, Jeff has a versatile knowledge base encompassing the technology and financial markets. He is a long-time active investor and engages in research on emerging markets like cryptocurrency. Jeff holds a Bachelor’s Degree in English Literature with a minor in Philosophy from San Francisco State University.