Alpari — review & details

In Forex & CFD brokers · By the Rateweb editorial team · How we rate · Details checked 1 Aug 2026

One of the oldest names in retail forex, but the brand's current operating company is Parlance Trading Ltd in the Comoros, licensed by the Mwali International Services Authority (licence T2023236) — one of the lightest-touch regimes in retail forex. The heritage brand should not be mistaken for strong present-day regulation. MT4 and MT5 supported.

Alpari

One of the oldest names in retail forex, but the brand's current operating company is Parlance Trading Ltd in the Comoros, licensed by the Mwali International Services Authority (licence T2023236) — one of the lightest-touch regimes in retail forex. The heritage brand should not be mistaken for strong present-day regulation. MT4 and MT5 supported.
★★★★☆
3.6/5 · How we rate
Parlance Trading Ltd (trading as Alpari) — Mwali International Services Authority, Comoros (licence T2023236)
Regulator (Ng Clients)
Not stated on the pages we reviewed — check the account specification
Max Leverage
MetaTrader 4, MetaTrader 5, Alpari desktop and mobile apps
Platforms
Not confirmed on the pages we reviewed
Naira Support
Experienced traders who know the brand and accept offshore terms with eyes open
Best For
Pros
  • Long-established brand with decades of retail forex history
  • Both MetaTrader 4 and 5, plus its own desktop and mobile apps
  • Copy-trading and a range of account types for different experience levels
Cons
  • The Mwali (Comoros) licence is among the weakest in the industry — expect minimal regulatory recourse and no compensation scheme if things go wrong
  • The strong Alpari brand history can create a false sense of protection that the current licence does not provide
  • Leveraged forex and CFDs are high-risk — the majority of retail traders lose money
Fees, eligibility & documents
Fees
SpreadsAdvertised 'from 0.0' on some accounts, which usually implies a separate commission — check the account terms
Deposits/withdrawalsMethod-dependent; confirm naira on-ramps and any fees before funding
Eligibility
  • 18 or older
  • Pass Alpari's KYC verification
  • Not resident in a jurisdiction Alpari restricts
Documents needed
  • Valid government-issued ID
  • Proof of address
Visit Alpari

How Alpari compares in forex & cfd brokers

Alpari scores 3.6/5 in our forex & cfd brokers rankings. Our current top pick is Pepperstone (4.3/5). Always compare a few before you decide — see the full forex & cfd brokers comparison.

Alpari
3.6/5 · this page
 Pepperstone
4.3/5
 XM
4.1/5
Regulator (Ng Clients) Parlance Trading Ltd (trading as Alpari) — Mwali International Services Authority, Comoros (licence T2023236) — —
Max Leverage Not stated on the pages we reviewed — check the account specification 1:400 1:1000
Platforms MetaTrader 4, MetaTrader 5, Alpari desktop and mobile apps MT4, MT5, cTrader, TradingView MT4, MT5
Naira Support Not confirmed on the pages we reviewed — —
Best For Experienced traders who know the brand and accept offshore terms with eyes open — —
Visit Alpari → Visit Pepperstone → Visit XM →

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Details last checked: August 2026

Ratings are Rateweb's editorial opinion. Product details are checked periodically but can change — confirm current terms with the provider before acting. We may earn a commission from some links, at no cost to you.