Alpari Trading Broker Review

Regulated by: IFSC

Headquarters: Saint Vincent and the Grenadines

Ranking: 29

Spread: 0.5 pips (EURUSD)

Leverage: 1000:1

Minimum Deposit: $0

Alpari Review & Author's Comment

Another victim of Swiss National Bank’s reckless and abrupt policy change. When SNB decided to remove the 1.20 floor for EURCHF on 2015 January, it was a hell of chaos for the markets and several big forex brokers went bankrupt due to thousands of client accounts turned to negative balance. Not being able to collect the negative balance from the clients, brokers had to file bankruptcy and Alpari was unfortunately one of those. The company had to close its London HQ down, lost its FCA license and moved to off-shore world. 

Alpari was founded in 1998 and is one of the oldest online forex brokers. They are now headquartered in Saint Vincent and the Grenadines and regulated by Belize IFSC. Well, odd enough. They still don’t offer negative balance protection but on the other hand fixed spreads account option is there and investors are able to trade with 1:1000 leverage. However, I have some reservations about Alpari for the events following 2015 January disaster.

Broker Detail
Adress: Alpari Limited, Cedar Hill Crest, Villa, Kingstown VC0100, Saint Vincent and the Grenadines
Phone: +44 8449 869559

Regulator: IFSC (IFSC/60/301/TS/17)
Year Founded: 1998
Precious Metals:
Soft Commodities:
Cryptocurrencies: Bitcoin
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, Skrill, Neteller, WebMoney, Baokim, UnionPay, Fasapay
Withdrawal Methods: Wire Transfer, Credit Card, Skrill, Neteller, WebMoney, Baokim, UnionPay, Fasapay
Customer Services
Live Chat:
24 Hours Support:
Languages: Chinese, English, Hindi, Indonesian, Russian
120% Deposit Bonus - New and existing clients get their account boosted by 120% of the amount they deposited.
Supported Platforms: MetaTrader 4, MetaTrader 5
Mobile: IOS, Android
Leverage: 1000:1
Spreads: As low as 0.5 pips for EURUSD on ECN account
Minimum Deposit: $0
Fixed Spreads:
Automated Trading:
API Trading:
Negative Balance Protection:
Accepts Clients from the US:

Alpari Review

Alpari Review
  • 5/10
    Reliability - 5/10
  • 8.3/10
    Deposit & Withdrawal - 8.3/10
  • 6.5/10
    Bonus - 6.5/10
  • 7.5/10
    Customer Support - 7.5/10
  • 9.1/10
    Overall Trading Conditions - 9.1/10


Headquarters in off-shore country. Financial problems in the past. Wide range of trading instruments and platforms. High leverage.

I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. After the boom of forex brokers offering lucrative features like leverage, 24/5 trading hours and wide diversity in pair instruments, I have tried and traded with more than thirty forex brokers in several different countries.

Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.