Wikilix
Alpari logo

Alpari

No Regulation
Comoros
,
Since 1998
Last Updated:
44/100
Overall Score

Trading Conditions

Min Deposit:
USD30
Max Leverage:
3000
Account Types
ECN AccountNo Swap AccountMicroStandardECN+1 more

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

5 methods

Credit/Debit Cards

credit card
Instant
Fee:
Free
Fee:
Free

Bank Transfers

bank transfer
5 days
Fee:
Free
Fee:
€30

E-wallets

e wallet
1 days
Fee:
Free
Fee:
Free

Cryptocurrency

crypto
1 hours
Fee:
Free
Fee:
Free

Local payment methods

other
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 0%, 2: License 0%, 3: Software 51%, 4: Spread 0%, 5: Account Type 36%, 6: Symbol 0%
Regulation
0%Poor
License
0%Poor
Software
51%Fair
Spread
0%Poor
Account Type
36%Poor
Symbol
0%Poor

Regulatory Licenses

No regulation
Your deposit is not protected by any financial authority.
What this means

Company Information

Full Name:Alpari (Comoros) Ltd
Founded:1998
Headquarters:Comoros
Enterprise Offices:1offices

Customer Support

Phone:
+44 2045 771 951
Live Chat:
business_hours
Response Time:
—
Languages:
EnglishRussian+1
Scroll Down

Is Alpari a scam?

Wikilix independent safety report

Read the full report
0%Scam riskScam risk is our overall estimate that this broker is unsafe, from 0% (safe) to 100% (almost certainly a scam). It blends the six risk areas below, weighted by how strong the evidence is. Higher means riskier.
Likely scamOur overall call, based on the evidence we could verify. From safest to worst: Appears legitimate, Insufficient evidence, High risk (unverified), Likely scam, Confirmed scam. A separate "Not a broker" verdict is used when it does not really offer trading.Confidence: MEDIUMHow sure we are of this verdict, based on how much solid, checkable evidence we found. Shown as Low, Medium or High.
2.0/5Safety rating 2 out of 5
The Wikilix safety rating, from 1 to 5 stars. It mirrors the scam risk (5 = safest, 1 = riskiest), so a higher risk percentage means fewer stars.

We rate Alpari a high risk. The Bank of Russia lists alpari.com and its operating company, Parlance Trading Ltd, among entities showing signs of illegal professional securities market activity, and t…

Risk scorecard · each area scored 0 (clean) to 10 (worst)

Regulation7/10 · HighIs it overseen by a strict, well-known financial regulator? Offshore-only or missing licences score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Identity & transparency7/10 · HighHow openly it shows who and where it is (legal entity, address, owners). Hidden details score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Withdrawals & conduct6/10 · HighCredible reports of clients being unable to withdraw their money. More such reports score higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).Reputation8/10 · CriticalWhat independent reviews, regulators and watchdogs say about it. A poor track record scores higher.Scored 0 (clean) to 10 (worst). This area is 8/10 (Critical).Website claims7/10 · HighWhether the site claims (awards, years active, licences) actually check out. False claims score higher.Scored 0 (clean) to 10 (worst). This area is 7/10 (High).Operational history6/10 · HighHow long and how consistently it has genuinely operated. Brand-new or murky history scores higher.Scored 0 (clean) to 10 (worst). This area is 6/10 (High).

What Alpari legally published, but does not want you to read

Wikilix contract reading ·

High contract risk

Alpari can take what is left of a dormant balance and give it to charity. It can annul your profits where it suspects wrongdoing, with no defined test. You get five working days to complain, and Alpari's own server log outranks your evidence. The company you contract with is Parlance Trading Ltd in the Comoros.

4Critical clausesClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
15Clauses flaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
21Documents readHow many of the broker’s own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
7.8/10Contract riskHow far this contract goes overall, from 0 to 10. 3 to 5 means real costs a client should know about; 6 to 8 means several clauses put money already earned at risk.
Read the full terms report11 more clauses, each with its wording, clause number and source

Broker Summary

Summary of the broker

Introduction

In the dynamic world of forex trading, Alpari (Comoros) Ltd stands out as a seasoned player with a rich history and a diverse range of offerings. Established in 1998, Alpari has evolved to become a significant name in the forex brokerage industry, known for its pioneering adoption of technology and comprehensive trading solutions. This article delves into the various facets of Alpari, exploring its background, key features, regulatory compliance, and market reputation.

With a presence in multiple global financial centers, Alpari has served millions of clients worldwide, offering a wide array of trading instruments and platforms. Despite facing challenges, including the insolvency of its UK entity in 2015, Alpari has continued to adapt and thrive, focusing on jurisdictions like Comoros. This article provides a detailed overview of Alpari's offerings, regulatory status, and user experience, providing valuable insights for potential traders and investors.

Background and History

Founded in December 1998 by Andrey Dashin, Alpari has grown from a small startup to a global forex brokerage powerhouse. Initially based in Moscow, the company quickly expanded its reach, establishing offices in major financial hubs worldwide. Alpari was among the first brokers to offer online trading platforms, and in 2003, it became the first to adopt MetaTrader, a move that significantly boosted its popularity among traders.

Over the years, Alpari has navigated various challenges, including regulatory changes and market fluctuations. The insolvency of its UK entity in 2015 marked a turning point, prompting the company to refocus its efforts on other jurisdictions, including Comoros. Today, Alpari is officially registered in Fomboni, Island of Mohéli, Comoros Union, and continues to serve a global clientele with a diverse range of trading services.

Key Features and Offerings

Alpari offers a comprehensive suite of trading platforms and account types, catering to both novice and experienced traders. The broker supports popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), ZuluTrade, and Mirror Trade, providing traders with advanced tools and features for effective trading.

Traders can choose from various account types, including Regular, ECN, Micro, and PAMM (Percentage Allocation Management Module) accounts. Alpari's offerings extend beyond forex, encompassing commodities, metals, indices, stocks, cryptocurrencies, binary options, and more. Unique features like copy trading, PAMM services, cashback schemes, and a rewards program further enhance the trading experience.

Regulatory Compliance and Licensing

Regulator License Number Status
Mwali International Services Authority (Comoros) T2023236 Active

Alpari operates under the regulation of the Mwali International Services Authority in Comoros, which provides a framework for its operations. While this regulator is not considered top-tier compared to entities like the FCA or ASIC, it ensures that Alpari adheres to certain standards of operation. The broker's historical issues, such as the insolvency of its UK entity, highlight the importance of understanding the regulatory environment when choosing a broker.

Trading Conditions / Platform Technology

Feature Details
Spreads From 0.0 pips (commission-free accounts), typically from 0.4 pips
Leverage Up to 1:1000 (standard), 1:400 (micro)
Minimum Deposit Not explicitly stated; typically $1–$100

Alpari provides competitive trading conditions with high leverage options and low spreads. The broker supports a range of platforms, including desktop and mobile applications, ensuring traders have access to the markets anytime, anywhere. Advanced tools like Trading Central, Autochartist, and pattern recognition enhance the trading experience, offering valuable insights and analysis.

Fee Structure

Fee Type Details
Deposit Fees None (fee-free deposits)
Withdrawal Fees None (free withdrawals)
Inactivity Fees Not specified; check directly with the broker

Alpari's fee structure is designed to be trader-friendly, with no deposit or withdrawal fees. However, traders should be aware of potential charges for certain services, such as strategy manager copy trading tools. It's advisable to confirm any additional fees directly with the broker to avoid surprises.

User Experience and Market Reputation

With over 25 years in the market, Alpari has built a solid reputation for reliability and product diversity. The broker is praised for its wide range of instruments, high leverage options, and user-friendly platforms. However, some traders have expressed concerns about the level of regulatory protection and the responsiveness of customer support.

Alpari's global reach and long-standing presence in the industry make it a popular choice among traders. The broker's commitment to innovation and customer satisfaction is evident in its continuous efforts to enhance its offerings and provide valuable resources to its clients.

Recent Developments

In recent years, Alpari has maintained its focus on providing competitive trading conditions and expanding its client base. The broker continues to operate under the Mwali International Services Authority, with no major changes in its regulatory status. Alpari's emphasis on competitive spreads, commission-free accounts, and a rewards program highlights its commitment to offering value to traders.

No major scandals or regulatory actions have been reported in 2024–2025, underscoring Alpari's dedication to maintaining a stable and secure trading environment for its clients.

Conclusion

Alpari (Comoros) Ltd remains a formidable player in the forex brokerage industry, offering a wide range of trading instruments and platforms to a global clientele. While its regulatory oversight may not be top-tier, the broker's long history, diverse offerings, and commitment to innovation make it a compelling choice for traders seeking a reliable and versatile trading partner. As always, prospective clients should conduct thorough research and contact Alpari directly for the most current information on its services and conditions.

Regulatory Licenses

Compliance & oversight

No regulation

Trading with an unregulated broker puts your deposit at risk.

No regulation

We have not confirmed any regulation for Alpari. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.

What this means for you

  • No compensation scheme covers your funds.
  • No regulator to escalate a complaint to.
  • No audit of how client money is held.
View other brokers

Account Types

Trading account options

4 types
Micro
Cent
Min Deposit USD 30 • Leverage 1:500 • Commission No commission
Min DepositUSD 30
Leverage1:500
CommissionNo commission
Standard
Standard
Min Deposit USD 100 • Leverage 1:1000 • Commission Zero commission
Min DepositUSD 100
Leverage1:1000
CommissionZero commission
ECN
ECN
Min Deposit USD 300 • Leverage 1:3000 • Commission $2.5 per lot
Min DepositUSD 300
Leverage1:3000
Commission$2.5 per lot
Pro ECN
ECN
Min Deposit USD 500 • Leverage 1:3000 • Commission $2.5 per lot
Min DepositUSD 500
Leverage1:3000
Commission$2.5 per lot
4
Total Types
3
Categories
✓
ECN Available

Country availability

Where Alpari says it will and won't take clients

67 countries

Confirmed blocked· 43

Named in the broker's own terms

ATAustriaAZAzerbaijanBEBelgiumBGBulgariaCACanadaCUCubaCYCyprusCZCzechiaDEGermanyDKDenmarkEEEstoniaEHWestern Sahara
Show 31 more
ESSpainFIFinlandFRFranceGBUnited KingdomGRGreeceHRCroatiaHUHungaryIEIrelandISIcelandITItalyJPJapanKPNorth KoreaLILiechtensteinLTLithuaniaLULuxembourgLVLatviaMMMyanmarMTMaltaNLNetherlandsNONorwayPLPolandPTPortugalRORomaniaSDSudanSESwedenSISloveniaSKSlovakiaSSSouth SudanSYSyriaUMUnited States Minor Outlying IslandsUSUnited States

Likely blocked· 12

Reported, not verified against a primary source

BABosnia and HerzegovinaCFCentral African RepublicCGCongoGYGuyanaHKHong KongIQIraqLALaosLYLibyaSOSomaliaUGUgandaVEVenezuelaVUVanuatu

Explicitly accepted· 12

Named as accepted — not a full list of served markets

AMArmeniaBYBelarusGEGeorgiaIRIranKGKyrgyzstanKZKazakhstanMDMoldovaRURussiaTJTajikistanTMTurkmenistanUAUkraineUZUzbekistan

How we know

  1. 1Confirmed blocks rest on two of the broker's own sources read together: the standing disclaimer published site-wide and in the risk disclosure at https://alpari.com/en/documents/risk-disclosure/ - "Alpari does not provide services to residents of the USA, Japan, Canada, the Democratic Republic of Korea, European Union, United Kingdom, Myanmar, India, Azerbaijan, Syria, Sudan and Cuba" - and the registration service's own country data at https://api.trade.alpari.com/country?brandName=Alpari&allCountries=false&indirect=false, which marks 42 individual countries as not active for signup.
  2. 2The United States is the clearest case: it is absent from the registration country list altogether, and marked not active in the same service's full reference list, as well as named in the disclaimer.
  3. 3"European Union" is a region rather than a country, but no inference was needed: the registration data names each of the 27 member states individually as not active for signup, so they are recorded as confirmed rather than likely.
  4. 4Iceland, Liechtenstein and Norway are individually not active for signup in the registration data although no published text names them. Western Sahara, South Sudan and the United States Minor Outlying Islands are individually not active on the same basis.
  5. 5India is deliberately written to no list. The disclaimer names it as refused on the English, Russian and Persian variants, but the registration service carries India as fully active with no restriction flags. The form is what enforces onboarding, so India is not recorded as a confirmed block; the conflict between https://alpari.com/en/documents/risk-disclosure/ and https://api.trade.alpari.com/country?brandName=Alpari&allCountries=false&indirect=false is left open rather than resolved.
  6. 6Likely-unconfirmed holds the twelve jurisdictions the same registration data flags as CFD-restricted while leaving signup open: Bosnia and Herzegovina, Central African Republic, Congo, Guyana, Hong Kong, Iraq, Laos, Libya, Somalia, Uganda, Venezuela and Vanuatu. No published text names them, and the flag restricts the product rather than stating a refusal to onboard, so the block is inferred rather than read.
  7. 7No dependent territories are recorded, and that is a finding rather than a gap. The registration data lists every dependent territory of the named parents as active for signup - Puerto Rico, Guam, the US Virgin Islands, American Samoa and the Northern Mariana Islands; Guernsey, Jersey, the Isle of Man, Gibraltar, Bermuda, the Cayman Islands, the British Virgin Islands, Turks and Caicos, Anguilla, Montserrat, the Falklands, Saint Helena, Pitcairn, the British Indian Ocean Territory and South Georgia; Greenland, the Faroes and the French overseas departments - so nothing was inferred into that list. The single exception is the United States Minor Outlying Islands, individually flagged not active and therefore recorded as confirmed.
  8. 8The whitelist records the twelve jurisdictions for which the broker's own registration service publishes an affirmative per-country onboarding route instead of a block: Armenia, Belarus, Georgia, Kyrgyzstan, Moldova, Tajikistan, Turkmenistan and Ukraine to its Russian-language site, Iran to its Persian-language open-account page, and Kazakhstan, Russia and Uzbekistan to its regional sites.
  9. 9Iran is recorded as accepted on the broker's own evidence: https://alpari.com/fa/ redirects to https://alpariforexfa.org/fa/, whose footer repeats the same restriction sentence in Persian and does not name Iran; the registration service routes Iran to https://alpariforexfa.org/fa/register/open-account/, which resolves to a live registration form at https://trade.alpariforexfa.org/signup; and the main and Persian registration services both carry Iran as active under the same operating entity, Parlance Trading Ltd. The same data also flags Iran CFD-restricted, which is the one qualification on that acceptance. The Persian deposits and withdrawals page was read and names no local currency rails.
  10. 10The client agreement at https://alpari.com/en/documents/client-agreement/ publishes no country list of its own. It excludes from the definition of Client "citizens or legal entities of the countries where our Services are not offered", deferring to the standing disclaimer, and its sanctions representations bear on the source of funds rather than on residency.
  11. 11The broker publishes no dedicated restricted-countries page: every candidate path returns not-found, and its own sitemap of 382 pages at https://alpari.com/sitemap.xml lists no such page and no anti-money-laundering policy.
  12. 12The deposits and withdrawals page at https://alpari.com/en/trading-terms/deposit-withdrawals/, the terms and conditions at https://alpari.com/en/documents/terms-and-conditions/, the introducing-broker page at https://alpari.com/en/partners/introducing-brokers/ and the account-verification help article were all read and add no jurisdiction restriction. The only restriction on the funding page is that third-party payments are not accepted.
  13. 13The English, Russian and Persian site variants carry the identical twelve-jurisdiction sentence, so no language variant widens or narrows the published policy.
  14. 14Netherlands Antilles appears in the registration service's reference list as not active, but it is a withdrawn ISO code whose successor territories are all active for signup, so it is written to no list.
  15. 15Regulator filings were not consulted for this section: a filing states permitted rather than blocked jurisdictions and could not set a confirmed block in any case.

Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check Alpari's own terms before you open an account.

Funding Methods

Deposit & withdrawal options

5 methods
Credit/Debit Cards
Credit CardInstant
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:USD 30
Max:N/A
Deposits below $30 incur a $3 fee. Withdrawals must match the registered account holder. Closed loop policy: card deposits must be withdrawn to the same card until cleared in full. Cards require verification.
Bank Transfers
Bank Transfer5 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:EUR 30
Min:USD 30
Max:N/A
Deposits below $30 incur a $3 fee. Withdrawals must match the registered account holder.
E-wallets
E-Wallet1 min
Deposit
Fee:Free
Min:N/A
Max:N/A
Withdrawal
Fee:Free
Min:USD 30
Max:N/A
Deposits below $30 incur a $3 fee. Withdrawals must match the registered account holder. The published fee table lists Perfect Money and TC Pay withdrawals as free. TC Pay needs a $10 test deposit first.
Cryptocurrency
Cryptocurrency1 min
Deposit
Fee:Free
Min:USD 10
Max:USD 600,000
Withdrawal
Fee:Free
Min:USD 10
Max:USD 50,000
Deposits below $30 incur a $3 fee. Withdrawals must match the registered account holder. Standard blockchain fees apply. Closed loop policy: crypto deposits must be withdrawn via crypto until cleared in full.
5
Free Deposit
5
Instant
1
Crypto

Trading Platforms

Professional trading tools

2 Available
Meta Trader 5

Meta Trader 5

by MetaQuotes Software Corp • 2010

Windows
Mac
Linux
Web
+3
Rating
4.5
Status
Available
Type
Integrated
Platforms
+
Trading Software
Download
Visit
MetaTrader 4

MetaTrader 4

by MetaQuotes Software Corp. • 2005

Windows
Mac
Web
Android
+1
Rating
4.5
Status
Available
Type
Integrated
Platforms
Trading Software
Download
Visit

Global Domains

Worldwide web presence

7 sites
🌐
https://alpari.com/en/
Unknown
Active
SSL
🌐
https://alpari.com/ru/
Unknown
Active
SSL
🌐
https://alpari.com/ar/
Unknown
Active
SSL
🌐
https://alpari.com/zh/
Unknown
Active
SSL
4
Active
1
Countries
100%
SSL

Social Presence

Digital community engagement

5 platform
Facebook
Official
Active
X
Official
Active
LinkedIn
Official
Active
Instagram
Official
Active
YouTube
Official
Active
Scroll to see all 5 platforms

Corporate Network

Enterprise structure & relationships

1 entities

Parlance Trading Ltd

Comoros
active

Registration

HY00423015

Established

2002-01-01

Company Registration

Legal entity checked against the official company registry

Not confirmed on registry

Legal entity

Parlance Trading Ltd

Registration number

HY00423015

Jurisdiction

Comoros

Registered address

Bonovo Road, Fomboni, Island of Moheli, Comoros Union

From our latest investigation · Verified Sep 11, 2026

Website snapshots

How Alpari's website looked when we archived it on Sep 9, 2026.

Homepage
About Alpari & Licensing
Legal Documents Hub
Client Agreement
Risk Disclosure
Privacy Policy
Account Types
Contract Specifications
Leverage & Margin
Deposits & Withdrawals
Contact & Company Details
Promotions & Bonuses

Comments

Share your thoughts and experiences with Alpari