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Alpari Review
Alpari is a forex broker that offers a variety of services. They provide traders with access to a diverse range of products across a number of markets, including currencies, indices, and commodities. Alpari provides cryptocurrency CFDs to traders interested in cryptocurrencies such as Bitcoin.
Pros
- Segregated client funds
- Founded in 1998
- Regulated by FSA (Saint Vincent and the Grenadines)
- Minimum deposit from $1
Cons
- Limited range of instruments
- Not FCA Regulated (See alternatives)
A minimum deposit of $1 is required to establish a live account. Alternatively, Alpari provides a demo account that you may use to test and become comfortable with their platform.
Regulated by FSA (Saint Vincent and the Grenadines), Alpari keeps all customer funds in a separate bank account with tier-1 institutions. Alpari has been in business since 1998, with headquarters in St. Vincent and the Grenadines.
Before we get into the specifics of Alpari’s spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.
Full disclosure: If you sign up with a broker through one of our links, we may get a commission.
What are Alpari’s spreads & fees?
Alpari, like most brokers, charges a commission on the spread, which is the difference between the buy and sell price of an asset.
The commissions and spreads shown here are based on the Alpari website’s minimum spreads.
| Forex | Alpari | City Index | XTB |
| EUR/USD(Average: 0.7 pips) | 1.0 pips | 0.7 pips | 0.1 pips |
| GBP/USD(Average: 1.1 pips) | 1.2 pips | 1.7 pips | 0.1 pips |
| USD/JPY(Average: 1.1 pips) | 1.3 pips | 0.6 pips | 0.1 pips |
| AUD/USD(Average: 0.8 pips) | 1.3 pips | 0.6 pips | 0.2 pips |
| USD/CHF(Average: 2.3 pips) | 1.1 pips | 2.3 pips | 0.2 pips |
| USD/CAD(Average: 2.9 pips) | 1.6 pips | 0.5 pips | 0.3 pips |
| NZD/USD(Average: 3.6 pips) | 1.8 pips | 2.8 pips | 0.3 pips |
| EUR/GBP(Average: 2.4 pips) | 1.3 pips | 0.5 pips | 0.1 pips |
Spreads are dynamic and are provided solely for informational reasons.
As you’ll see, the minimum spread for trading EUR/USD at Alpari is 1 pips, which is relatively high when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with Alpari vs other brokers.
So how does Alpari charge for a lot of EUR/USD trading?
If you purchased one standard lot of EUR/USD (100,000 units) with Alpari at an exchange rate of 1.1719 and sold it the next day at the same price, you would most likely pay $10.63. Here is a general breakdown of the fees and how they compare to IG and XTB.
| Alpari | IG | XTB | |
| Spread from: | $ 10.00 | $ 6.00 | $ 2.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $ 10.00 | $ 6.00 | $ 2.00 |
| $4 less | $8 less | ||
| VISIT ALPARI | VISIT IG | VISIT XTB |
All fees and pricing are provided for informational purposes only and are subject to change.
What products can you trade with Alpari?
Alpari provides over 73 different trading instruments, with over 48 currency pairings. We’ve reviewed all of the numerous types of instruments supplied by Alpari beneath, along with comparisons to the instruments provided by IG and XTB.
| FX / Currencies | Alpari | IG | XTB |
| # of forex pairs offered | 48 | 90 | 48 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies* | Yes | Yes | Yes |
| Commodity CFDs | Alpari | IG | XTB |
| # of commodities offered | 3 | 34 | 21 |
| Metals | Yes | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Index & Stock CFDs | Alpari | IG | XTB |
| # of stocks offered | 0 | 8000 | 1606 |
| UK shares | No | Yes | Yes |
| US shares | No | Yes | Yes |
| German shares | No | Yes | Yes |
| Japanese shares | No | Yes | Yes |
| SEE ALPARI’S INSTRUMENTS | SEE IG’S INSTRUMENTS | SEE XTB’S INSTRUMENTS |
What is the trading experience like at Alpari?
1) Platforms and apps
Alpari is among the few brokers that provides both the MetaTrader 4 and MetaTrader 5 platforms. To discover how the two systems differ, check out our MT4 versus MT5 comparison.
They now provide mobile apps for Android and iOS, enabling to monitor and execute trades while on the go.
Still unsure?
Open a practice account and begin learning to trade.
2) Executing Trades
The minimum and maximum trading criteria at Alpari vary based on the trader and the asset. Because Alpari provides ECN and STP operation, you may anticipate incredibly narrow spreads and increased accountability into the price you pay to process your trades.
Margin requirements, like those of other brokers, vary based on the trader, account, and instrument. The most recent margin requirements may be found on
Finally, we’ve included a list with some of the most common financing options available to Alpari traders below.
Trading Features:
- Allows for scalping
- Allows for hedging and provides STP
- Minimum deposit is low.
Accounts offered:
- Standard account Mini account
- Account with an ECN
- Islamic monetary account
Funding methods:
- Bank Transfer
- Credit Cards
- Neteller
3) Client support
Alpari supports a wide range of languages including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish.
4) What you’ll need to create an Alpari account
Because Alpari is regulated by the FSA (Saint Vincent and the Grenadines), every new customer must satisfy a few simple compliance tests to confirm that you know the implications of trading and that you are permitted to trade. When you establish an account, you will most likely be asked for the following information, so get everything:
- A colour digital copy of your passport, driver’s licence, or national ID
- A utility bill or bank statement from the previous three months that shows your address
You’ll also have to answer a few basic compliance questions to prove your trading expertise, so allow at least 10 minutes to finish the online application procedure.
While you may be able to explore their site immediately, it’s essential to know that you won’t be able to execute any trades until you satisfy compliance, which might take several days depending on the circumstances.
To begin the process of making an account with Alpari, go to their website here.
79% of retail investor accounts lose money when trading CFDs with this provider.
