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Alpari International review

Rated 4.0 / 5 · Best for MENA + Asia + Africa retail traders comfortable with offshore regulation in exchange for high leverage + low deposits.

Regulators
FSC Mauritius, FSC Saint Vincent
Min. deposit
$5
Spread from
0.0 pips (Pro / ECN) / 0.4 pips (Standard MT4)
Max. leverage
Up to 1:1000 (offshore)
Platforms
MT4, MT5, Alpari Mobile
Founded
1998 · Port Louis, Mauritius

Pros

  • Founded 1998 — among the longest-running retail brokers
  • $5 minimum deposit — accessible to beginner traders
  • Up to 1:1000 leverage on offshore entity
  • Strong MENA + Asia + Africa retail footprint
  • Copy-trading via PAMM accounts
  • Islamic (swap-free) accounts default-available

Cons

  • Offshore regulation only — no FCA / CySEC / ASIC tier-1 oversight
  • Withdrew from EU markets following ESMA leverage caps
  • Lower transparency vs. publicly-listed peers

Alpari International review summary

Alpari International is one of the oldest retail FX brokers globally, founded in 1998 under the Alpari group (originally Russia-headquartered). After the dissolution of Alpari UK in 2015 following the Swiss franc shock, Alpari International consolidated under FSC Mauritius and FSC Saint Vincent regulation.

The brand retains strong recognition in MENA, Asia, and Africa — markets where retail traders prioritise high leverage and low minimum deposits over tier-1 regulatory oversight. The PAMM (Percentage Allocation Management Module) platform pioneered modern retail copy-trading and remains a key feature.

For traders accepting offshore regulation in exchange for 1:1000 leverage and $5 minimum deposits, Alpari is a credible long-standing option. EU + UK traders should not use Alpari — its EU operations ceased in 2015.

Where to trade

Alpari is suitable for offshore-tolerant MENA/Asia traders comfortable with FSC Mauritius/SVG regulation. Traders wanting any tier-1 oversight should look at Exness, FBS, or HF Markets which combine offshore + EU/UK entities.

Alpari International — Frequently Asked Questions

Is Alpari International regulated and safe?

Alpari International is regulated by FSC Mauritius, FSC Saint Vincent. Client funds are held in segregated accounts at tier-1 banks and the broker operates under active financial-services licenses. Verify each license number on the regulator's official website before opening an account.

What is the minimum deposit at Alpari International?

The minimum deposit at Alpari International is $5. Most account types accept this minimum; premium tiers may require higher deposits — see the account-types table above.

What are the typical spreads at Alpari International?

Spreads at Alpari International start from 0.0 pips (Pro / ECN) / 0.4 pips (Standard MT4). Actual spreads vary by account type, instrument, time of day, and market volatility. Raw/ECN accounts add a per-lot commission on top of the tighter spread.

What trading platforms does Alpari International offer?

Alpari International supports: MT4, MT5, Alpari Mobile. MT4 / MT5 are the industry standards; cTrader is preferred for ECN execution; proprietary platforms offer broker-specific tools but less third-party compatibility.

What is the maximum leverage at Alpari International?

Maximum leverage at Alpari International: Up to 1:1000 (offshore). EU retail clients are capped at 1:30 by ESMA rules regardless of broker policy. Professional clients and offshore-entity clients can access higher leverage subject to qualification.

Who is Alpari International best suited for?

MENA + Asia + Africa retail traders comfortable with offshore regulation in exchange for high leverage + low deposits.