| Updated: September 17, 2025Alpari International was established in December 1998 in the Russian city of Kazan, but moved its trading operations online two years later after joining forces with MetaQuotes Software, the company responsible for developing the world’s most widely used trading platform, MetaTrader 4.
Today, this brokerage brand has more than 2 million customers from around the globe thanks to the good reputation it has built for itself over the past twenty years. It has offices in eight different countries across three continents.
Alpari International is on a mission to help each trader who joins its community to realise their full potential. It has continually improved the quality and range of its services, offering customers a fresh, easy-to-use website that is available in nine different languages, including Spanish, Portuguese, Filipino, English and Chinese.
The broker provides customers with access to MetaTrader 4 and MetaTrader 5, giving them a choice of more than 250 financial instruments and several account types. It is recognised in the industry for ensuring high levels of customer satisfaction.
Here, clients have everything they need to start trading Forex, commodities, cryptocurrencies and contracts for difference (CFDs). Copy trading is also an option at Alpari International. Beginner traders are provided with various educational materials, including free webinars and demo accounts with a practice balance of $1 million.
| General Information about Alpari International | |
|---|---|
| Min. Deposit | $100 |
| Supported Languages | Arabic, English, Spanish, Persian, French, Indonesian, Malay, Portuguese, Russian, Ukranian, Vietnamese, Chinese (Mandarin) |
| Supported Currencies | United States Dollar, Euro, Japanese Yen, British Pound, Swiss Franc, Canadian Dollar, Swedish Krona, Norwegian Krone, Australian Dollar, New Zealand Dollar, South African Rand, Mexican Peso, Danish Krone, Russian Ruble, Singaporian Dollar |
Regulation
Alpari International is owned and operated by Exinity Limited, a Mauritius-based company that is subject to the regulations of the Financial Services Commission (FSC) of the Republic of Mauritius, a small island nation in the Indian Ocean. The broker received its FSC licence back in November 2013.
This regulatory watchdog is responsible for the oversight of all financial services on the territory of the island country except for those conducted by banking institutions and global businesses.
Mauritius is a popular tax haven for multinational corporations from around the world, but unfortunately it does not boast the most efficient or trusted regulatory framework, especially when compared with major US or European financial watchdogs.
With that in mind, Alpari keeps the investments of its clients safe by storing them in segregated bank accounts. There is also a compensation scheme, with the FSC allocating 10% of monthly membership charges to the compensation fund. The maximum compensation the fund provides amounts to €20,000 per customer.
Until 16 January 2015, Alpari operated a UK unit (est. 2004) but was forced to close it down. The company declared insolvency due to heavy losses after trading the CHF against the EUR. It so happened that the Swiss National Bank unexpectedly decided to remove the ceiling on the CHF against the EUR on 15 January 2015.
The volatility of the CHF Forex markets skyrocketed because of the sharp appreciation of the currency. This ultimately led to the bankruptcy of Alpari’s UK unit, so customers from this jurisdiction can no longer trade with this brokerage.
Other restricted territories at Alpari International include the USA (the company’s NFA membership was revoked in April 2015), Russia, Japan, Mauritius, Belarus, Puerto Rico, New Zealand, Ukraine, Armenia, Canada, Moldova, Georgia and New Zealand.
| Regulator | Licence |
|---|---|
| CySEC (Cyprus) | Yes |
Trading Instruments
This brokerage house strives to appeal to a broad range of traders by offering prospective customers a versatile selection of more than 250 trading instruments. You can trade Forex, indices, commodities like precious metals and oil, shares, and 4 different cryptocurrencies.Forex Trading
The foreign exchange market is the most liquid financial market in the world. It is open to anyone who is willing to try their hand at trading at a relatively low cost, regardless of their background. With Forex, you can trade at any time, as the foreign exchange markets remain open 24 hours a day, five days a week.
At Alpari International, customers have the opportunity to trade more than 60 currency pairs, including major, minor, and exotic options. The broker offers leverage, but the maximum available depends on your account type and the currency pair you are trading.
Standard and ECN accounts offer leverage ranging from 1:25 to 1:1,000 on major pairs. Just a reminder: high maximum leverage is not necessarily a good thing, especially for inexperienced traders. Margins vary between 0.1% and 4%. Minimum spreads start at 0.1 for major pairs, 0.3 for minor pairs, and 0.1 for exotics.
In addition to standard foreign exchange options, the broker also enables its clients to trade various cryptocurrencies against the USD. The available cryptocurrencies are Bitcoin, Ethereum, Litecoin, and Ripple. Leverage is flexible and depends on the cryptocurrency you choose.
Commodities Trading
Alpari International gives its customers the option to trade commodities. You can trade various precious metals such as silver and gold against major currencies like the USD, GBP, and EUR. Incorporating these hard commodities into your trading strategy enables you to build a well-balanced portfolio. It also helps protect you against economic changes that lead to inflation.
At Alpari International, precious metal traders can open both long and short positions, with spreads ranging from 3.3 to 47.0. The minimum leverage starts at 1:25, while the maximum reaches 1:500. Again, the exact specifications depend on which type of account you choose to open at Alpari International. Floating margins start at 0.2% and go up to 4%.
Another effective way to balance your portfolio is by trading hard commodities such as crude oil. Alpari International offers long and short positions in US natural gas, US crude oil, and UK Brent oil.
Stock and Index Trading
There are plenty of reasons why trading stocks can be a great investment, including diversification, no time limits, and access to real-time pricing. When you choose to trade with this brokerage house, you gain instant access to direct pricing straight from two of the biggest stock exchanges in the world – the New York Stock Exchange (NYSE) and Nasdaq.
You can choose from a variety of major company stocks, including Apple, Microsoft, Facebook, JPMorgan Chase, Johnson & Johnson, and Exxon Mobil Corporation. The typical spreads for these stocks range from 1.0 to 21.0.
You can also trade stock CFDs. A stock CFD is a contract between you and your broker – Alpari International, in this case – in which you speculate on the entry and exit prices of various company stocks without actually owning the underlying assets.
Beware of the volatility of CFDs. Because they are leveraged instruments, they can lead to significant losses if you are inexperienced or careless. Additionally, the brokerage offers a range of lot sizes to suit every trading style. Customers can trade stocks with volumes ranging from 0.01 to 250 lots per trade.
Another option for customers who want to diversify their portfolios is to trade various indices, including the Nikkei 225, US Tech 100 Index, Wall Street 30, the UK’s Financial Times Stock Exchange 100, Germany’s DAX 30, and the Stoxx Europe 50 Index.
| Instrument | Spread |
|---|---|
| EUR/USD | 1.2 |
| GBP/USD | 1.2 |
| USD/JPY | 1.2 |
| USD/CHF | 1.2 |
| AUD/USD | 1.2 |
| EUR/CHF | 1.2 |
Trading platforms
 Platforms |
 PC / MAC |
 Smartphones |
 Tablets |
|---|---|---|---|
| MetaTrader 4 |   |   | |
| MetaTrader 5 | | | |
| Meta Trader Mobile | | | |
| Web Trader | | | |
| Trading Information | |
|---|---|
| Trading Platforms | MetaTrader 4, MetaTrader 5, Meta Trader Mobile, Web Trader |
| Demo Account |  |
| Hedging | |
| Scalping |  |
| Retirement Account | |
| US Traders | |
| Arabic Traders | |
Alpari International is committed to ensuring an unparalleled experience for its customers and achieves this through the implementation of the world’s leading trading platform, MetaTrader 4 (MT4). Its successor, MetaTrader 5 (MT5), is also available for free download on the broker’s website.
Trading on the fly is made possible with two free downloadable apps for Android and iOS, both of which are available in MT4 and MT5 formats. The browser-based WebTrader is an option for those who are reluctant to install additional desktop software.
MetaTrader 4
At Alpari International, you can download at no cost the world’s most popular trading platform, MetaTrader 4. While loaded with various cutting-edge features, the platform is still incredibly friendly to users who are new to trading. It gives you access to a versatile selection of instruments, including foreign exchange, commodities, cryptocurrencies, indices and stocks.
The platform supports multiple languages, with customer support in more than thirty. Clients will benefit from the rapid execution of their orders and competitive spreads. There are three types of order execution. Requotes are available at low rates and so is hedging, i.e. having multiple positions in a given market, either in the same or the opposite direction. However, netting is not an option.
Additionally, you will find 30 technical indicators you can use to detect trends in the price dynamics of different trading instruments automatically. MT4 also offers various analysis tools, nine time intervals and an economic calendar for the latest happenings in the financial world. You can test various Expert Advisors via the in-built strategy tester.
MetaTrader 5
If they prefer, clients of Alpari International can download the improved version of the third-party MetaQuotes software, the advanced MetaTrader 5 platform. It operates similarly to MT4 but is equipped with some extra features, including market depth, which might appeal to more experienced traders.
The number of technical indicators here increases to 38. There are four modes of order execution and 21 timeframes. Both netting and hedging are supported. The broker can send notifications to clients directly through the platform. Chatting with fellow traders directly through MT5 is also possible.
WebTrader
Customers who are reluctant to download and install trading software on their desktop computers have the option to execute trades directly in their browsers. Alpari International offers the browser-based solution WebTrader, available in both MT4 and MT5 versions.
The functions you will find here are largely identical to those in the downloadable platforms. WebTrader allows for one-click trading and offers various indicators for technical analysis and graphical objects you can customise according to your personal needs.
Mobile apps for Android and iOS
The dedicated applications for MetaTrader 4 and MetaTrader 5 are available for free download on smartphones and tablets straight from the developer. The apps are compatible with Android and Apple devices.
They boast an intuitive interface, rapid order execution speeds and access to a broad range of trading instruments and markets. Armed with the apps, customers have full control over their Alpari International accounts.
They can confidently trade on the fly and analyse the available markets with the help of 30 of the most commonly used technical indicators. The apps also feature dozens of analytical objects like lines, geometric shapes and channels, as well as the Fibonacci, Gann and Elliott technical tools. There are three chart formats mobile customers of Alpari International can choose from: candlesticks, broken lines and bars.
Payment methods
With Alpari International, numerous payment methods are available to fund your account. The supported banking options are all detailed on the brokerage’s website. Clients can deposit with FasaPay, TC Pay, GlobePay, credit/debit cards by Maestro, Mastercard and Visa, Skrill 1-Tap, VLoad, WebMoney, Perfect Money, Neteller, online banking and standard bank transfers. The cryptocurrency Bitcoin can also be used to fund your account.
According to the information published on the website, Alpari International charges no commission on its customers’ deposits. Most of these methods allow for instant payments in real time. The brokerage firm reports that as many as 94% of the deposits conducted via its platform in 2019 were processed in under five minutes. Keep in mind that if you use bank transfers, your deposit might take between three and five working days.
Most of the above-listed methods are available for processing withdrawals as well. You might be charged extra depending on the method you use. The commission imposed on withdrawals with Visa, Maestro and Mastercard is $3.
Meanwhile, the charges for Bitcoin and WebMoney amount to 1% and 2%, respectively. If you are looking for commission-free withdrawals, we suggest you use Neteller, Skrill 1-Tap, GlobePay or TC Pay.
Withdrawals are processed within 24-48 hours, depending on the method customers use. If your Alpari International account remains inactive for more than six months, the broker will deduct a monthly maintenance fee of $5 from your available balance.
| Brand | Minimum | Fees | Processing Time |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | 3-5 working days |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | Under 5 minutes |
 | $100 | No Fees | 24 hours |
| Brand | Minimum | Fees | Processing Time |
| - | $3 | 24 hours |
| - | $3 | 24 hours |
| - | No Fees | 24 hours |
| - | No Fees | 24 hours |
 | - | 1% | 24 hours |
| - | $3 | 24 hours |
| - | 0.5% | 24 hours |
| - | No Fees | 24 hours |
| - | 1% | 24-48 hours |
Account types
At Alpari International, you can pick the account that best suits your needs and trading style. The broker offers a choice of several distinct account types. You can compare their different features to make a better-informed decision as to which one works best for you.
Before we get into further discussions about the available live accounts, let’s say a few words about the demo option Alpari International offers. This option is recommended to newcomers with no previous trading experience. It gives them the chance to learn to trade in a risk-free environment. The broker tops up demo accounts with $1 million in practice credits.
| Market | Leverage |
|---|---|
| Currencies | 1000 |
Standard account
The Forex Standard Account is available via the MetaTrader 4 platform and can be set up in several base currencies, namely EUR, USD, GBP and NGN. The leverage for this type of account is floating and can reach a maximum of 1:1,000. There is no ceiling on deposits here, but the minimum starts at $100 or the currency equivalent.
The margin call for standard accounts is 60%, with a stop limit of 40%. There are no commissions because these are built into the spread, which starts at 1.2. This account type comes with instant order execution and a vast range of trading instruments, including 61 Forex currency pairs, five spot metals and 14 CFDs. The maximum number of pending orders per customer is restricted to 100.
Micro account
The Forex Micro Account runs on the MetaTrader 4 platform and is unavailable in a demo format. It supports the same base currencies as the standard version (USD, EUR, GBP and NGN). Note that only customers from Nigeria are permitted to open accounts in the NGN base currency.
This one comes with a fixed leverage of 1:400 and requires a minimum deposit of $5. This is a commission-free account with instant execution and spreads starting from 1.7.
The account is swap-free. This renders it suitable for clients of the Muslim faith who cannot pay or receive interest due to their religious beliefs. The Micro Account offers a significantly smaller selection of trading instruments.
Here you will find only two options for trading spot metals alongside 25 major and minor currency pairs. The maximum number of orders is limited to 1,000, with the option to have as many as 100 pending orders at a time.
Pro MT4 account
Alpari International is a truly global brokerage firm and, as such, it strives to cater to traders from all walks of life. Professional traders have the chance to set up a live Forex Pro Account, available via the MetaTrader 4 platform. The base currencies are the same as those for the other two account types. The leverage is floating up to 1:300.
Again, there is no ceiling on deposits but the minimum required amount you can fund the account with is quite high at $25,000. This type of account uses market order execution and offers more competitive spreads that start at 0.4. There is also a MetaTrader 5 version of the professional account, but this one is not swap-free and therefore is unsuitable for Islamic customers.
Alpari International has lifted the ceiling on the maximum number of orders, but pending orders are still restricted to 300. As for the trading instruments, those who choose this professional account are presented with 54 major, minor and exotic currency pairs, and three spot metals.
ECN
Another option for prospective customers of Alpari International is to register for a Forex ECN account, with a choice of the MT5 or MT4 software. ECN is an abbreviation of Electronic Communications Network.
Here the broker implements an electronic network to provide its customers with immediate access to other participants in the trading markets. The spreads are tighter because quotes are consolidated from several market participants.
But there are more advantages to ECN accounts. Those who choose this option can rely on the instant market execution of their trades. The spreads for ECN accounts at Alpari International are lower, starting at 0.4. However, customers are also charged a commission of $1.5 per lot per side.
You can have as many as 300 pending orders at a time. We suggest you go for the MT4 version of the ECN account because it is equipped with a larger selection of trading instruments, namely 56 currency pairs, 14 spot CFDs, four cryptocurrencies and three options for spot metal trading. By contrast, the MT5 version has only 33 pairs and two spot metal options.
Support
Alpari International works with traders from all corners of the earth, so it is only natural for the company to provide a multilingual support service. Customers can receive assistance in English, Spanish, Filipino, Portuguese, Malaysian, Indonesian, Persian and Chinese.
The support staff is based in Mauritius and is at customers’ disposal around the clock during weekdays. You can still contact them over the weekends, though. Their working hours on Saturdays are from 11 am to 4 pm. On Sundays, the staff is available from 12 pm to 8 pm.
The easiest way to get in touch is to use the live chat facility. Several email addresses are provided depending on the type of assistance customers might need. Write to customersupport@alpari.org for general enquiries and to operations@alpari.org for information on payments. Those who need assistance with setting up their accounts should use the documents@alpari.org email. Customers can also give them a ring at +44 080 896 850.
Conclusion
Despite being supervised by an authority that has a less efficient regulatory framework, Alpari International is an experienced brokerage firm that has weathered many difficulties and has managed to survive in the volatile trading industry. More importantly, over 93% of Alpari customers report a positive experience with this broker. We believe this is the surest sign that this is a reliable trading site.
The broker has done an excellent job of outlining the peculiarities of the entire sign-up process so that customers can easily select the account type that best suits their needs. They have plenty of choice when it comes to available markets and instruments.
All in all, Alpari International delivers plenty of options for traders and competitive spreads for some of the available account types. The availability of contracts for difference on cryptocurrencies is a nice addition to the broker’s portfolio.