Alpari [2021 Review]: A Broker Specialized In Forex

June 21, 2021
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Alpari is a regulated broker with great market acceptance. It has more than 2 million clients and offers to trade Forex, cryptocurrencies, futures and commodity CFDs. Also, the broker offers you several funding and withdrawal alternatives and 24/7 customer support in which you will receive excellent service. If you are interested in a broker that offers very competitive spreads, Alpari can be a good alternative.

Before making a hasty decision it is important that you take into account that after a thorough study, we think that is a better alternative because it is the best online trading platform that also offers you zero commissions for operations and a clean and easy to use interface.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with Alpari and scored our findings on a 10-point scale across 10 distinct categories.
1 - Fees810
2 - Signup Process710
3 - Minimum Deposit1010
4 - Ease of Use810
5 - Deposit & Withdrawal Options1010
6 - Customer Support910
7 - Asset Classes410
8 - Referral Program21
9 - Demo Account & Educational Resources810
10 - Safety & Regulation610

Alpari is a broker regulated by The Financial Services Commission (FSC) and has more than 2 million clients and a presence in 3 continents. With Alpari, you can trade Forex, cryptocurrencies, futures and CFDs on raw materials. Also, Alpari offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which offer great flexibility, graphical tools and an easy-to-use interface. You must take into account that Alpari does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, and the Occupied Area of Cyprus.


Yes, you can open an account with (broker name) if you live in Afghanistan.

Our #1-rated commission-free broker is Capital.

A Quick Overview of Alpari

Here is a summary of the most important features and benefits this broker has to offer:
            Zero commision broker?✔️✔️
            Fees and spreadsLOWLOW
            Website Ease of UseAVERAGEGOOD
            Proprietary web platform✔️
            Proprietary desktop platform✔️
            Proprietary mobile platform✔️
            Third Party
            (Metatrader 4 or 5, CTrader, etc.)
            Credit/Debit Card✔️✔️
            Bank/Wire Transfer✔️✔️
Several channels
Quick response
Multiple channels
Quick response
            Offers Stocks✔️✔️
            Offers ForEx currency pairs✔️✔️
            Offers Commodities✔️
            Offers Bonds✔️
            Offers ETFs✔️✔️
            Offers Crypto✔️✔️
            Demo Account✔️
            Educational resourcesAVERAGESTRONG
            Regulated by Tier 1 Regulator/sNO✔️
            Regulated by Other Regulator/s✔️✔️
            Fund Protection✔️

Alpari Pros & Cons


  • 24/7 technical support.
  • Competitive spreads.
  • Metatrader MT4 and MT5 platforms


  • Limited range of instruments.
  • Account opening could take up to 3 days.
  • Commissions for withdrawal of funds.

Account Types

When you open an account with Alpari, you can choose between 4 different types of accounts. Below we will talk about each one of them so that you can select the account that best suits your needs.

Forex Standard Account

It is a standard investment account that gives traders of all skill levels access to a safe and accessible trading environment.

Forex Micro Account

This account is tailor-made for market beginners and traders who want to brush up on their Forex trading skills. As for the balance, it is always shown in cents. That is, when you deposit ten dollars in your account, they will appear as 1,000 cents.

Forex ECN Account

This account is based on the Electronic Communication Network (ECN) system, which provides a direct connection between banks, broker agencies and other liquidity providers for buyers and sellers to carry out their operations. Considered a breakthrough in Forex, ECN gives the trader direct access to liquidity providers and is designed to match buy and sell orders.

Forex Pro Account

This type of account is also based on the ENC system and is designed for professional traders, institutional traders and hedge fund managers. The Pro account offers low spreads, higher liquidity and faster execution.

Here's a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Alpari Fees
Zero commision broker?✔️✔️
Fees and spreadsLOWLOW
Deposit Fees?NONO
Withdrawal Fees?YESNO
Inactivity Fee?YESNO

In Alpari, you will not have to assume any fee for inactivity or funding of your account. However, there are charges for some methods of withdrawal of funds that you will see later in an exclusive section for deposits and withdrawals.

Alpari does not charge nightgowns every time you buy or sell financial instruments. But, it is important that you take into account that the spreads are different for each type of account, and in the case of one of them there is a commission. Here you can see this point in more detail:

Standard AccountNoFrom 1.2
Micro AccountNoFrom 1.7
ECN Account1.5$/lot per sideFrom 0.4
Pro AccountNoFrom 0.4

Alpari is well-rated in this category. But, it does not get all the points because there are fees when you make withdrawals in some methods.

Alpari Fees Score: 8/10

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non-trading fees make a broker lose points and the commissions and spreads associated with each asset type are built into the score to determine the overall value.

#2 Alpari Signup Process

Alpari offers a very simple and completely online signup process. In general, the entire process of opening and verifying your account so that you can operate normally, usually takes between 1 and 3 days. Below you will see what steps you must follow so that you can open an account in Alpari without problems:

Registration Process:

  • Follow this link to visit Alpari's registration page.
  • Enter your information.
  • Click ‘Send PIN’ to receive the access code by SMS and Email.
  • Enter the PIN in the relevant field. Click “Register Now”.

To Open A Business Account You Must:

  • Login to MyAlpari from this link.
  • Select the ‘My Accounts' tab within MyAlpari.
  • Click on ‘Open New Account' and choose the type of account you want to open.
  • Fill in the required details and click “Open Account.”
  • You will then receive a success message and an email where you can see all your account information and login details.

To Fully Verify Your Account You Must:

Provide proof of identity document:

  • Passport
  • DNI
  • Driving license
  • Voter ID

If your ID indicates your current residential address, a proof of address document is not required, otherwise, your proof of address document may be:

  • Bank statement in your name that includes the current residential address in its entirety, or
  • Utility bill with your full address (electricity/phone/water), which may be in the name of the parent/relative/owner.

In general, Alpari offers a very simple and easy to follow signup process. But, the broker loses points because in some cases you will have to wait up to 3 days to verify your account. This factor is very relevant because if you need to open an investment account immediately to take advantage of a notable rise in the market, you could lose the opportunity.

If you are looking for a reliable broker with which you can open your account in just 20 minutes, is a very good alternative.

Alpari Signup Process Score: 7/10

How We Rank The Sign Up Process

We rank the sign-up process based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded.
  • Number of documents required.
  • The time the verification process takes.

The easier an account opening process is without unnecessary checks, and the faster the verification process, the higher the score.

#3 Minimum Initial Deposit

In Alpari, the minimum deposit will depend on the type of account with which you want to operate. Here is a summary table with the minimum deposits required by the broker

 Forex Standard Account, MT4 Forex Micro Account, MT4 Forex ECN Account, MT4/MT5 Forex Pro Account, MT4
$/€/£ 100, ₦20.000$/€/£ 5, ₦1 000$/€/£ 500, ₦20.000$/€/£ 25.000

As you can see, there are great differences between the minimum deposits that the broker requires for each type of account. However, Alpari is highly rated because the accounts for beginners require only $/€ /£ 5 or $/€ /£ 100. This factor is very relevant because it will allow you to start your trading career almost immediately.

For your reference, below we show you the minimum initial deposit required by other brokers:

Broker                       Minimum Initial Deposit
TD Ameritrade$0 USD$20 USD
eToro$50 USD$100 USD

Alpari Minimum Initial Deposit Score: 10/10

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker's services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

#4 Ease of Use
Proprietary web platform✔️
Proprietary desktop platform✔️
Proprietary mobile platform✔️
Third Party Platform (Metatrader, CTrader, etc.)
Website Ease Of UseAVERAGEGOOD
Google Play Store Score (/5)4.64.4
Apple App Store Score (/5)4.64.8

Alpari offers you Metatrader 4 (MT4) or Metatrader 5 (MT5) as investment platforms. Note that the interfaces are friendly and intuitive despite their advanced features. Also, these platforms are very useful and are the most used tools by traders in the world. You will be able to find a large number of chart options, indicators, and plotting tools.

You can also see several charts at the same time, you have customization options and you can even create environments. For example, you can create an environment for Forex, CFDs or financial sectors.

These customization possibilities allow you to be much more efficient when analyzing and making the best investment decisions.

Furthermore, Alpari also offers you the possibility of following your operations on the web through its Webtrader. This tool is based on a platform that does not need downloading and that will allow you to view your positions at any time without the need to download MT4 or MT5 on other computers.

Not overwhelming, you must take into account that to master all the analysis resources that MT4 and MT5 offer you, you must dedicate time and effort so that you can exploit to the maximum all the resources that these investment platforms offer you.

Alpari: Metatrader 4 (MT4)

The Alpari App

You can use MT4 or MT5 on your cell phone too. The mobile applications will allow you to use the same tools as the PC version. In the case of the MT4, the app is very well rated in the Android app store (4.6/5) and in the Apple app store (4.8/6).

Alpari: App

Although Alpari’s investment platform is wonderful, the broker loses points due to the time that you will have to invest to learn how to comfortably use the investment platform, as it does have a steep learning curve.

Alpari Ease of Use Score: 8/10

How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users when considering a broker. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience, so we factored those into the score as well.

#5 Deposit & Withdrawal Options
            Credit card deposit✔️
            Debit card deposit✔️
            Deposit by bank transfer✔️✔️
            Deposit from electronic wallets✔️✔️
            Deposit by wire transfer✔️✔️
            Deposit by check
            Deposit by account transfer from another broker✔️
            Deposit with physical stock certificates
            Deposit by bill payment
            Withdrawal to credit card✔️✔️
            Withdrawal to debit card✔️✔️
            Withdrawal by bank transfer✔️✔️
            Withdrawal to electronic wallets✔️
            Withdrawal by wire transfer
            Withdrawal by check
            Account transfer to another broker
            Withdrawal in physical stock certificates

Alpari offers several alternatives so that you can choose the method of depositing or withdrawing funds that best suits your needs. Take into account that although there are no funding fees, there are fees for some withdrawal methods. In the following table we present a summary of all these alternatives:

  Funding Methods

MethodCurrencyProcessing Time
VisaEUR, USD, GBPInstant
MastercardEUR, USD, GBPInstant
MaestroEUR, USD, GBPInstant
SkrillEUR, USD, GBP, PLN, CZKInstant
NetellerEUR, INR, USD, GBP, PLN, NGNInstant
Crypto WalletsBTC, ETH, LTC, DASH, XRP, USDT24 hours
TC Pay WalletUSD, EUR, AEDInstant
WebMoneyUSD, EUR, RURInstant
PerfectmoneyUSD, EURInstant
Bank Wire TransferGBP, USD, EUR3-5 Business Days

 Withdrawal Methods

MethodCurrencyFees / CommissionProcessing Time
VisaEUR, USD, GBP2 EUR/ 3 USD/ 2 GBP24 hours
MastercardEUR, USD, GBP2 EUR/ 3 USD/ 2 GBP24 hours
MaestroEUR, USD, GBP2 GBP/ 3 USD/ 2 EUR24 hours
SkrillEUR, USD, GBP, PLN, CZKNo Commission24 hours
TC Pay WalletUSD, EUR, AEDNo Commission24 hours
NetellerEUR, INR, USD, GBP, PLN, NGNNo Commission24 hours
Crypto WalletsBTC, ETH, LTC, DASH, XRP, USDTNo Commission24-48 hours
VLOADUSD, EURNo Commission24 hours
WebMoneyUSD, EUR, RUR2%24 hours
PerfectmoneyUSD, EUR0.5 %24 hours
Bank Wire TransferGBP, EUR30 EUR 24 hours

Alpari stands out in this category because it offers both traditional methods like credit cards and bank transfers, as well as modern methods such as e-wallets. For this reason, the broker has the highest score in this category.

Alpari Deposit & Withdrawal Options Score: 10/10

How We Rank Deposit & Withdrawal Options

Having a lot of deposit & withdrawal options gives you flexibility when it comes to using or accessing your funds. We rank brokers in this dimension according to the total number of options they offer within the following three main categories of deposit and withdrawal methods, since these are the most commonly offered by most brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

#6 Customer Support
Phone Support✔️
Available more than 100 hours per week
Available more than 100 hours per week
            Phone number/s+44.8449.869559+44.20.8089.7893
Email Support✔️
Response time: 2-24 Hours
Average response time: 2-24 Hours
            Email address[email protected][email protected]
Live Chat✔️✔️
Dedicated Account Manager✔️
Supported languages813

Alpari's customer service is excellent. For starters, you will have customer service 7 days a week. From Monday to Friday you will have 24 hours, and on Saturdays and Sundays, from 12:00 to 20:00: They offer the following support channels:

  • Live Chat
  • Telegram
  • Email:
    • Open an Account: [email protected]
    • Client Support: [email protected]
    • Deposits / Withdrawals: + [email protected]
  • Phone:
    • Open an Account: +442 080 896 850
    • Client Support: +442 080 896 850
    • Deposits / Withdrawals: +442 080 896 850

In general, Alpari offers several alternatives and good quality services that make it add up 9 points in this category.

Alpari Customer Support Score: 9/10

How We Rank Customer Support

Customer support plays an important role in getting much-needed help. Our criteria take into account the 3 most pivotal factors traders which include:

  • Availability of support via Live chat, phone & email throughout the week and on weekends.
  • Speed & quality of response across channels.
  • Availability of customized support such as a dedicated account manager.

Customer support is very important for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

#7 Alpari Asset Classes
Stock markets coveredAccess to markets from USA alone.Access to markets from 6 countries:
✔️ USA
✔️ Canada
✔️ UK
✔️ Germany
✔️ Japan
✔️ Hong Kong
Number of Stocks3,817
Forex Pairs166


Stock options aren't very varied in Alpari. You can only trade 10 stock indices and only 10 different American stocks.

Currencies pairs

You can trade 48+ currency pairs on Alpari.


In Alpari you can only buy the 4 main cryptocurrencies in the market:

  • BitCoin
  • Ethereum
  • LiteCoin
  • Ripple

Alpari offers very few alternatives when it comes to creating diversified portfolios. For example, it does not offer ETFs, bonds or gold. Also, the number of instruments offered in each asset class is very limited. For these reasons, the broker loses quite a few points in this category.

Alpari Asset Classes Score: 3/10

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number of asset classes they offer, such as crypto, forex, stocks, ETFs and bonds.
  • The number of options provided within each asset class.

The more asset classes a broker provides, the more the chance to diversify your portfolio so the better the score. Also, the more asset options within each class, the better.

#8 Referral Program

Alpari offers you the opportunity to earn extra money thanks to its referral program. Every time you refer a friend or family member to Alpari International, they pay you $50 USD.

All you have to do is share your unique referral link and make sure the person you're referring signs up to Alpari International through that link.

Step by Step

  • Sign in to your Alpari International account.
  • Access your unique referral link.
  • Share your referral link with everyone in your contacts and display it over social media.
  • Earn $50 USD.

Alpari offers you a very good opportunity to earn money with the referral program, but the amount could be higher. Also, take into account that it is necessary for your referral to complete a trading activity in the account of at least 10 standard lots (in total). This point could make the frequency with which you win the bonus very low. For this reason, the broker loses many points in this category.

Alpari Referral Program Score: 2/10

How We Rank Referral Programs

Referral bonuses are the perfect way to make a little extra on the side to invest in the platform, so, obviously, the more rewards a broker gives the higher the score for this dimension. Additionally, we also take into account how difficult it is to attain these rewards.

#9 Demo Account & Educational Resources
Demo Account✔️✔️
            Time limitUnlimitedUnlimited
            Initial Balance (fake money)$20,000
Educational ResourcesAverageStrong
            Seminars / Webinars✔️
            Educational Articles✔️
            Platform / Trading Tutorials✔️
            Online Courses✔️

Alpari Demo Account

Alpari offers you the possibility to test your investment platform through an unlimited demo account. This aspect is very relevant because it will allow you to test your investment strategies so that you can design the most profitable investment plans. It also allows you to learn the ins and outs of trading if you’re a beginner.

Educational Resources

Although the educational content offered by Alpari is not very extensive, in the same way, you can get a taste of the material that the broker offers because it has several sections that will help you increase your understanding of the stock market.

  • Learn Forex.
  • Forex Webinars.
  • Beginner's guide to trading.
  • Forex trading strategies.
  • Guide to Commodity Trading.
Educational Resources

Alpari offers you the opportunity to know the investment platforms and create investment strategies without running the record of losing your money thanks to the fact that it offers an unlimited demo account with play money. However, it loses 2 points in this category because the educational content is average.

Alpari Demo Account & Educational Resources Score: 8/10

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

#10 Alpari Safety & Regulation

Regulated Broker✔️
            Tier 1 RegulatorsNO
            Tier 2 Regulator LiscenceNO
            Other Liscenses✔️
Regulated by the FSC
Fund protecionNO

Alpari is a registered and regulated broker. In this sense, Alpari is regulated by The Financial Services Commission of the Republic of Mauritius (FSC) with an investment dealer license bearing license number c113012295. Registered address: 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.

Alpari Safety & Regulation Score: 6/10

How We Rank Safety & Regulation

The score depends on the number and quality of regulators that oversee the broker. If a broker is regulated by a tier-1 regulator like the Financial Conduct Authority of the UK (FCA), the Securities Exchange Commission of the US (SEC), or the Australia Securities & Investments Commission (ASIC), it scores a perfect 10. However, if it is regulated only by tier-2 regulators like the Cyprus Securities & Exchange Commission (CySEC) it scores an 8. The score for most tier 3 brokers is a 6 and so on.

Alpari vs.

Selecting the broker that best suits your investment strategies and plans is one of the decisions you must make with the greatest amount of information available so that you can operate without distractions and focus on making money. Moreover, it should also allow you to be confident when investing your money by letting you do the best analysis possible at the same time offering you the lowest rates. Taking into account the most relevant aspects for an investor, we prefer over Alpari for the following reasons:

It's Easier To Use

While it is true that Alpari’s investment platform is good, we think that your best option is It has a very stable platform, is easy to use and is intuitive. Furthermore, it has an interface that follows the best data processing standards for traders.

It has the best fees doesn’t charge any fees on any asset that you trade: stocks, commodities, cryptocurrency, indices, forex, ETFs, or anything else. It doesn’t charge monthly or annual fees, inactivity fees, or deposit or withdrawal fees, either. It also offers tight spreads on trades, unlike other zero-fee brokers, who make their money on wide spreads. only makes money on the overnight fees on leveraged trades, so if you trade without leverage, you’ll never pay any fees.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

It Provides More Educational Resources

At you have more tools and options so you can study the market and create the best investment plans. For example, you will be able to access:

  • Free financial webinars.
  • Educational courses for traders.
  • Extensive market glossary.
  • Comprehensive CFD trading guide.
  • Cryptocurrency trading tutorial.
  • Investmate,’s investor education app.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Alpari In Summary

  • Alpari is a broker regulated by The Financial Services Commission (FSC) and has more than 2 million clients and a presence in 3 continents.
  • When you go to open an account at Alpari you can choose between 4 different types of accounts: Forex Standard Account, Forex Micro Account, Forex ECN Account and Forex Pro Account.
  • Alpari offers a very simple and completely online signup process.
  • In Alpari, the minimum deposit will depend on the type of account with which you want to operate.
  • Alpari offers several alternatives so that you can choose the method of depositing or withdrawing funds that best suits your needs.
  • In Alpari, you will have customer service 7 days a week. From Monday to Friday you will have 24 hours, and on Saturdays and Sundays, from 12:00 to 20:00.

If you are interested in a broker based on commissions incorporated in the spread with a fast and quality customer service, and that offers the possibility of trading with the ECN system, Alpari may be a good alternative.

However, we recommend because we think it is a much more complete broker. It offers you many more features that will help you save costs, operate with greater expertise and comfort. For example, offers a much more extensive educational content and an extensive offer of financial instruments that will allow you to create diversified portfolios with which you can fully exploit your profits with the least risk.

76.25% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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