Alpari Review 2023: Unveiling the Trading Experience, Platforms, and More

Alpari Review 2023: Unveiling the Trading Experience, Platforms, and More

In this comprehensive Alpari review for 2023, we'll delve into every aspect of Alpari (Comoros) Ltd, a prominent global forex and CFD broker. From the trading platforms to account types, bonuses, and regulation status, we'll leave no stone unturned. Whether you're a novice, a seasoned trader, or a professional, we'll help you assess if Alpari is the right fit for your investment journey.

Trading Platforms:

Alpari (Comoros) Ltd operates web-based MetaTrader 4 and MetaTrader 5 platforms with a dealing desk. These platforms offer remarkable flexibility, modern charting tools, and intuitive navigation. To cater to different preferences, Alpari provides four platform versions: iOS, Android, Desktop, and WebTrader. These diverse options are excellent for traders at all levels.

For seasoned traders looking to engage in high-volume trading, the Alpari Direct platforms are available. This enhanced platform is tailored to advanced investors and offers a wide array of additional features. If you open an MT4 MicroAccount, you'll enjoy instant order execution, with margin calls set at 50% and stop-outs at 30%. The standard MT4 account also offers instant execution, with margin calls at a slightly higher 60%.

For more experienced traders, the ECN accounts may be more appealing. These accounts offer margin calls at 100%, although pending orders are capped at a maximum of 300.

Markets: Diverse Opportunities

Alpari offers access to a wide range of popular financial markets, including:

  • 10 major US stocks for trading
  • Over 60 Forex pairs and crosses
  • Commodities like gold, natural gas, silver, and crude oil
  • 11 global equity indices

How to Trade on Alpari:

As an individual trader, you can benefit from changes in asset prices without physical ownership. Alpari provides various trading instruments on its platforms:

  • CFDs (Contracts for Difference): These derivatives track the performance of underlying assets, allowing you to profit from price changes without owning the asset itself.
  • Futures: Futures contracts let you exchange a set amount of an asset at a future date, potentially yielding profits if the asset's price rises.
  • Options: With options contracts, you gain the right to buy or sell a security at a pre-agreed price in the future, providing flexibility in your trading strategies.
  • Spot Trading: In the spot market, assets like precious metals and commodities are traded for immediate delivery, enabling profits from small price fluctuations.
  • Binary Options: Alpari offers binary options on major financial markets, including call/put, touch, range, spread, express, and turbo options.

It's crucial to remember that trading involves risks, so always approach it responsibly.

Spreads & Commission:

Alpari offers competitive spreads on major currency pairs, with rates as low as 0.4 pips. The spread's exact value depends on the type of account you hold. For instance, the micro MT4 account offers spreads starting at 1.7 pips for major Forex pairs.

Choosing a standard MT4 account grants access to spreads starting at 1.2 pips for major Forex pairs. Advanced traders opting for the ECN account can enjoy spreads starting at an impressive 0.4 pips for major currencies.

Professional traders who wish to trade individual stocks can open an ECN Pro account, which charges no commission, unlike the ECN account, which imposes a $3 fee per lot round trip.


The maximum leverage offered depends on the type of account you hold. For example, the MT4 MicroAccount offers a maximum available leverage of 1:400, while the ECN account and standard MT4 account provide a maximum available leverage of 1:1000.

It's important to note that the leverage amount may decrease as the notional trade size of open positions increases. Detailed leverage information is available on the Alpari website.

Alpari (Comoros) Ltd advises that some multiplier levels and certain products are not available to residents in EEA countries due to legal restrictions.

Mobile App:

Alpari offers the MetaTrader 4 and MetaTrader 5 apps for both iOS and Android users. The MetaTrader 4 app includes three chart views and 30 trading indicators, while the MetaTrader 5 app provides financial news updates, market depth information, and a full set of order options.

Payment Methods:

Alpari International offers a quick and secure depositing process, accepting various payment methods, including debit cards, credit cards, bank transfers, e-wallets like FasaPay, Neteller, Skrill, and cryptocurrencies such as Bitcoin. Processing times may vary depending on the method, and withdrawal fees are applied for some options.

Demo Account:

Alpari provides a free demo account for those looking to learn and practice trading without depositing any funds. It offers access to both the MT4 and MT5 platforms, allowing you to explore popular trading strategies using virtual funds.

Deals and Promotions:

Alpari is known for its regular promotions, including the loyalty cashback program, where every lot traded results in a cash rebate. Keep an eye on the promotions area for new offers and incentives, such as top-up credits for deposits, which can boost your account by up to 30%.

Regulation and Licensing:

Alpari International is a trusted brokerage group regulated by The Financial Services Commission of The Republic of Mauritius through its parent company, Exinity Limited. They offer negative balance protection and access to an external dispute resolution process, providing compensation of up to EUR 20,000 if a claim is ruled in favor of the trader.

Additional Features:

For traders seeking a convenient and hassle-free experience, Alpari offers the Copy Trading feature, where your account automatically replicates the moves of experienced traders. There are also ample educational resources for beginners, including articles on trading fundamentals.

Account Types:

Apart from the demo account, Alpari offers four real-money account types, catering to various trading styles. The standard accounts include the MT4 MicroAccount and the standard MT4 account, both offering market-maker execution. For experienced traders, the standard ECN account and the ECN Pro Account with instant execution are available.

Company Details:

Alpari (Comoros) Ltd, founded in Mauritius in 1998, has become a prominent platform in the trading industry. With a history spanning over 20 years, Alpari International has grown its client base to more than 2 million users worldwide. They are dedicated to offering a user-friendly platform with a vast selection of trading instruments.

As a reputable brand, they are regulated by the Financial Services Commission (FSC).

Trading Hours:

Alpari offers various trading hours for different instruments. Forex markets are accessible from 00:05:00 to 23:55:00 (GMT), while spot metals are available from 01:05:00 to 23:55:00. Stock trading hours vary, and spot indices for various markets also have specific trading times. Cryptocurrency markets are open 24/7, allowing for round-the-clock trading.

Customer Support:

Alpari is known for its excellent customer support. The support team, based in Mauritius, is available 24/5 (Monday to Friday) and on Sunday afternoons for urgent queries. You can reach them via telephone, email, live chat, or by visiting their office in Mauritius.

Safety and Security:

Alpari prioritizes the security of its users' personal and financial data. All payments are processed through secure providers to ensure data safety. The registration process involves identity verification, and Alpari International adheres to strict security standards and the latest security technologies.

Alpari Verdict:

Alpari offers a diverse range of accounts and features, making it suitable for traders of all levels. With a user-friendly platform and a commitment to providing guidance to traders, Alpari remains a compelling choice for modern traders.

Pros and Cons


  • Low or no commission and tight spreads on ECN accounts
  • A wide variety of funding options with no fees
  • Cashback rewards for high-volume traders
  • Strong selection of currency pairs
  • Support for MT4 and MT5 platforms
  • Welcome bonuses for new traders
  • Copy trading and PAMM service
  • High leverage up to 1:1000
  • Over 20 years of industry experience


  • Not available in the US
  • Limited selection of non-forex assets
  • High charges for strategy manager copy trading tools
  • Limited market research and analysis tools

Alpari Broker Details

Disclaimer: - We at forexoverflow do not endorse neither refer anyone to trading broker websites. The information is for educational purpose and source of information is from the broker website.


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