Company information
Alpari is a legally registered forex broker located in Mwali, regulated by the Mwali International Services Authority (MISA).
The broker is also a member of The Financial Commission (FinaCom), an independent organization that resolutes disputes.
Availability
Alpari accepts clients from all over the world, excluding USA, Canada, United Kingdom, European Union, Australia, Japan, North Korea, Iran, Syria, Sudan and Cuba.
Distinctive features
- Large pool of PAMM trading accounts.
- Simple registration and verification process.
- Various binary options available for trading.
- Tight spreads on major currency pairs.
Trading instruments
Forex broker offers the following underlying assets for FX trading.
| 45+ Currency Pairs | Based on major and minor world currencies. |
| 20+ Crypto Pairs | Based on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Aave, Cardano, Chainkink, DAI, Ddogecoin, EOS, Filecoin, Monero, Polkadot, Polygon, Solana, Tether, Uniswap. |
| 10 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 2 Metal Spot CFDs | Based on Gold and Silver. |
| 3 Energy Spot CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
Forex broker offers the following underlying assets for Binary Options trading (right after registration, open the 'Alpari Fix-Contract' account).
| 9 Currency Pairs | Based on major world currencies. |
| 6 Indice BOs | Based on S&P 500, FTSE 100, Nikkei 225 and INDFX (5, 100, 5000). |
| 1 Energy Spot BO | Based on Crude Oil (Brent). |
| 3 Stock BOs | Based on Apple, Facebook and Google shares. |
Comprehensive review
Established in 1998, Alpari is among the oldest forex and CFD brokers operating today. The broker is licensed by the Mwali International Services Authority (MISA), the government agency in charge of company registrations on the autonomous island of Mwali in the Comoros Union. However, the broker lacks licenses from any of the European regulators, and should effectively be considered an unregulated offshore forex broker.
In 2015, Alpari (UK) Limited entered insolvency proceedings with the Financial Conduct Authority in the UK, and in April the same year the company’s license to operate in the US was revoked by the US National Futures Association (NFA), according to official statements published on both regulators’ websites.
Alpari is a member of The Financial Commission, an independent industry organization for dispute resolution between brokers and traders.
As of this writing, the company is not registered in any other countries than Mwali/Comoros Union.
As a result of this, Alpari does not accept clients from any EU countries, the US, Canada, Australia, Japan and a few others. And given that the broker only operates outside of European Union jurisdiction, available leverage is extremely high with up to 1:3,000.
Alpari.com is available in nine different languages, and the broker is represented with offices in a range of countries mostly throughout Eastern Europe, Central Asia, and Russia.
In terms of trading platforms, Alpari offers both the standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as its own mobile trading platform called Alpari Mobile. The mobile platform has a clean and simple design, making it easy to use even for beginners in forex trading.
A nice benefit for Alpari’s clients is the free access the broker offers to the very well-regarded automated technical analysis tool known as Autochartist that offers things like trading signals when there is a break-out in a chart, and tools to automatically identify trends.
In addition to the charting tool comes a free news wire stream from the financial news provider known as FXStreet, which might be helpful for shorter-term traders.
Alpari also features a large selection of structured products, or trading algorithms that their clients can choose to trade with. This can be found under the “PAMM portfolio constructor” page on the broker’s website, along with all information necessary to get started.
To get started trading with Alpari, all that is needed is to fund a trading account with $1, which is this broker’s minimum deposit amount. This means that virtually anyone can open an account and start trading with this broker, making it a good place for beginners to start their trading journey.
Customer support with Alpari is available through live chat on the broker’s website, via the messaging app Telegram, and through a UK phone number. The broker does not list support phone numbers for any other countries on its website, nor is there any information about the support team’s working hours.
In conclusion, it’s clear to us that with about a quarter of a century in the forex broker industry, Alpari is one of the true veterans of this fast-changing sector. That should by itself assure many traders who may be worried about other forex brokers that are coming and going at a fast pace, and it also serves as prove that this broker is here to stay.
