Alpari – review of leading binary options, forex and PAMM all in one super reliable trading platform

Alpari offers trading in forex as well as many CFD products including stocks and commodities. It also offers binary options — Alpari calls them “fix contracts” — on a wide range of financial products, including cryptocurrencies. Alpari (.org) International is regulated in Mauritius, while Alpari (.com) Limited is not regulated.

Overall, the trading conditions and features make Alpari an attractive choice for traders. Its size and global reach is impressive, but it is not regulated in a major global financial center which would give it more credibility. Let’s find out more about what this broker offers.

Trading terms refer to the spread, commissions, and margin requirements offered by a broker. Alpari provides up to 3,000:1 leverage on forex and commodity ECN accounts. This means that traders are only required to have 0.033% of the funds required to open the position.

Leverage is 300:1 on stock indices and 200:1 on exotic FX pairs. Below are the margin requirements and spreads on commonly traded assets with Alpari Limited (Alpari.com):

Alpari International (alpari.org) offers tighter spreads starting from 0.4 pips on forex majors. Getting these lower spreads requires opening an ECN account with a commission charge of $1.50 per standard lot. Stock CFDs offered include Apple, Amazon, Alibaba, Berkshire Hathaway, Meta Platforms, Alphabet, Johnson & Johnson, JPMorgan Chase, Microsoft, and Exxon Mobil.

Alpari Cashback Program

The cashback program rewards higher account balances with spread or commission refunds, deposit refunds, or improved currency conversion rates. The larger the account balance, the greater the rate at which points are accumulated from trading.

Accounts over $10,000 automatically benefit from reduced spreads and commissions. As you trade, you earn points which can be exchanged for rewards, such as receiving a 20% rebate on commissions or spreads, or a 50% rebate on deposit commissions.

MetaTrader, which comprises the platforms MT4 and MT5, is a pillar of the forex industry. Most brokers offer this reliable platform.  MT4 is a simple trading platform with all the basics most traders need, including easy order placement, access to news, and basic technical analysis tools.

The platform’s functions can be expanded with scripts and expert advisors (EAs). Basically, traders can add functions such as additional indicators or even have the software trade for them via writing some code. MT5 is very similar to MT4, but involves an expanded programming language more suitable to algorithmic traders.

The mobile platform is easy to navigate and is user friendly. Fixed contracts (binary options) can be traded via the Alpari Mobile, as can forex and CFDs.

Here are the main ways you can deposit and withdraw with Alpari, with the commission that Alpari takes for each method:

• Bank transfer (what your bank charges)
• Bank card (2.5%)
• China Union Pay (0%)
• FasaPay (0.5%)
• AdvCash (0%)
• GC Pay (0%)
• LatAm Online (6% to 6.6%)
• Perfect Money (0.5%)
• Vload eVouchers (0%)
• WebMoney (10.8%)
• NETELLER (2.5% to 4%)
• Skrill (1.4% to 2.4% + €0.29)
• TC Wallet (0%)
• Skrill LatAm (5.5% + €0.29)

The International side of Alpari, Alpari.org, offers a wider range of local transfer options for people in specific countries. They also accept credit cards and most of the options mentioned above without any fees attached.

Alpari also claims to work with reputable banks and organizations. All data exchanged online is encrypted for your protection. Alpari International is regulated in Mauritius, and thus is subject to some financial oversight. Alpari Limited (the .com site) is not subject to financial oversight and therefore makes no claims about client funds being in a segregated account.

The broker has been around for more than 20 years, so it is unlikely they will take off with your money, but the lack of regulation for Alpari Limited may be a red flag for some traders. If this makes you uneasy, there are plenty of other brokers that are regulated.

The only place that Alpari is regulated is in Mauritius, a small island off the coast of Africa. The company is regulated under Exinity Ltd.  Exinity Ltd is not licensed in other jurisdictions and neither is Alpari. Alpari UK Ltd was licensed in the UK up till 2015 but then became insolvent.

In 2010, the FSA of London took disciplinary action against the firm for not adhering to regulations. This means that users of Alpari.org are regulated in Mauritius. Users of Alpari.com, on the other hand, are not regulated. There is an Exinity UK Ltd regulated in the UK. This company owns Forextime, another broker that is owned by the same individuals that own Alpari.

Live chat and Telegram support is quite prompt. Phone is also a quick way to contact Alpari, with wait times averaging around only a few minutes. With email, expect to get a response back within 24 hours. You can find updated contact information for Alpari.com on their Contact Us page, including phone and email support details.

If you’re a client of Alpari.org, here’s its contact information. On either site, there is a live chat button in the bottom right corner of each page.

How to withdraw money from Alpari UK?

Alpari UK no longer exists, but Alpari Limited and International offer a wide range of withdrawal options for clients around the world.

How much do I need to deposit into my Alpari account to trade?

Alpari has different minimum deposit amounts for different account types. Deposits start at $20 for a Standard account and up to $500 is required for some ECN accounts.

What is the Alpari website address?

There are two websites. Alpari Limited – https://alpari.com/en/

Alpari International – https://www.alpari.org/

Where is Alpari located?

Alpari Limited (.com) is located in Saint Vincent and the Grenadines. Alpari International (.org) is located in Mauritius.

Where does Alpari operate?

Alpari is available in more than 150 countries around the world. It is not available in the US, Canada, UK, Japan, and several other countries.

How can I fund my Alpari binary account in Nigeria?

You can use a Nigeria local bank wire transfer or NETELLER.

Why does Alpari have different company names for different parts of the world?

This is quite common among forex brokers. They register different company names with jurisdictions and regulators around the world. The different names allow people to differentiate the companies, including where they operate and where they are regulated. CMC Markets is highly regulated and also has a number of websites and company names for different jurisdictions.

Final Thoughts on Whether Alpari is a Good Broker

Overall, Alpari claims to be a global broker trusted by two million traders. It offers a wide range of trading products with decent trading conditions.  One thing it lacks is being regulated in a major financial center.

Alpari International (alpari.org) is regulated in Mauritius, while Alpari Limited (alpari.com) is not regulated at all.  Alpari.org has a 2.4/5 star rating according to TrustPilot, while Alpari.com has a 2.9 star rating from users.

Want to review another low-cost forex broker? See IC Markets. 

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It is one of the best international brokers. Different types of assets, convenient and reliable platform, favorable trading conditions. Want to know more? Click here.