Alpari Review 2026
Alpari is an offshore forex broker now run from the Comoros after quietly leaving its old ownership group in 2025, with no FCA, ASIC, or CySEC license.
Min Deposit
$5
Spreads From
0.0 pips
Max Leverage
1:1000
Platforms
2
Pros
- Offers both MetaTrader 4 and MetaTrader 5 on every account type
- ECN account spreads can fall to 0.0 pips plus a small commission
- One of the older forex brands, with roots going back to 1998
- Loyalty programme turns trading volume into real cash rewards
Cons
- Only licensed offshore in the Comoros, with no FCA or ASIC cover
- Trustpilot suspended Alpari's profile for breaking its guidelines
- Quietly left its former ownership group, Exinity, in 2025
- Predecessor Alpari UK fell into insolvency in 2015 and closed in 2018
- On the Bank of Russia warning list for illegal activity since 2021
- Reviewers report withdrawal buttons vanishing and unhelpful support replies
- Comoros regulator's register lists the license under a different company name
Alpari started in 1998 in Kazan, Russia, when Andrey Dashin opened a small currency firm. It grew into a global group, and its UK arm held FCA approval, until a Swiss franc shock in January 2015 pushed Alpari UK into insolvency. The firm was dissolved in 2018.
Today Alpari trades under Parlance Trading Ltd, registered in the Comoros and licensed by the Mwali International Services Authority. It quietly left its former owner, Exinity, in 2025. Traders get MetaTrader 4 and MetaTrader 5, ECN spreads from 0.0 pips plus commission, and leverage up to 1:3000. The UK, EU, USA, Canada, Japan, and several more countries are off limits.
Trustpilot suspended Alpari's profile for breaking its guidelines, so no live score shows today. It sat near 3.8 out of 5 from about 170 reviews, with repeat complaints about vanishing withdrawal buttons and unhelpful support. Since 2021, the Bank of Russia has flagged Alpari, now Parlance Trading, for signs of illegal activity, last updated in July 2026.
Min. Deposit
USD 30
Max Leverage
Up to 1:3000 on ECN and Pro ECN accounts
Spreads From
0.0 pips (ECN accounts, plus commission)
Platforms
Alpari is one of the original online forex brokers, founded in Russia in 1998 and now operating from Saint Vincent and the Grenadines and Mauritius. With over 2 million registered clients, Alpari has a particularly dominant presence in the CIS region and is one of the most trusted broker names in Russia, Kazakhstan, and other former Soviet states.
The broker offers a comprehensive range of account types including Standard, ECN, and Pro ECN accounts alongside a Micro account for beginners. Alpari is also well known for its PAMM service, which allows investors to allocate funds to professional traders and earn a share of profits without trading themselves.
Alpari supports MetaTrader 4 and MetaTrader 5 across all account types. While the broker's global regulatory standing is offshore (SVGFSA and FSC Mauritius), it maintains a long track record and a large, loyal client base, particularly in markets where it has operated for over two decades.
Standard
ECN
Pro ECN
50+ currency pairs available for trading
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
Platforms
- SVGFSA (St Vincent)
- FSC (Mauritius)
