Edited by February 26, 2025

Author

Edited by

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

Learn more about Alison Heyerdahl

Author

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Alpari

3.32

How we review

Visit Broker

Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

USD 5

Regulated By
Varies by region

Trading Cost

USD 17

Max Leverage
Varies by region

1000:1

Copy Trading
Varies by region

Yes

Platforms

MT4, MT5

Instruments

Alpari Broker Review

With a range of accounts on the MT4 and MT5 platforms, Alpari caters well to professional traders who are prepared to pay high minimum deposits for low ongoing trading costs. However, Alpari offers a limited number of tradable assets, which may leave some traders dissatisfied.

Alpari offers six live accounts on the MT4 and MT5 trading platforms. The Pro and ECN Accounts have spreads starting at 0.3 pips on the EUR/USD, with a round turn commission of 3.2 USD, making them some of the lowest-cost accounts in the industry. However, this is in exchange for a minimum deposit of 500 USD, which is relatively high.

Alpari’s CFD offering is limited compared to other brokers, with 22 indices, 2 metals, and only 46 Forex pairs for trading. One drawback for beginner traders considering opening an account at Alpari is the lack of educational and market analysis materials, forcing traders to self-educate elsewhere.

Visit Broker

Accepts Malaysian Clients. Average spread EUR/USD 1.70 pips on trading account with lowest minimum deposit. Max leverage 1000:1. Islamic account available. MT4/MT5 platforms supported. Alpari International is regulated by FSC, FSA, and SVGFSA.

Pros

Wide range of assets
Great platform choice
Low minimum deposit

Cons

Limited education
Limited market analysis
Expensive withdrawals

Rating Reviews

3.32

Alpari Overall Summary

Trust Rating

Trading Conditions

3.5

Platforms

4.5

Education

1.5

Beginner Friendly

Assets Available

Analysis Research

Deposit & Withdrawal

Overall Rating

3.32

/ 5

Base Currencies

EUR, GBP, USD, NGN

Number of FX Pairs

Crypto Pairs

Copy Trading

Yes

Hedging Allowed

Yes

Scalping Allowed

Yes

Islamic Account

Yes

Account Name

ECN Account

Commission

3.2 USD / lot - ECN Accounts

EUR/USD

0.30

GBP/USD

0.20

USD/JPY

0.20

Negative Balance Protection

Yes

Company Name

Alpari International

Founded

2014

Website

www.alpari.org

Website Language

English, Chinese, Arabic, Portuguese, Malay

Support Language

English, Chinese, Arabic, Portuguese, Malay

Office Locations

Port Louis, Mauritius

Support Email Address

[email protected]

Compare Alpari with ...

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Deposit & Withdrawal

Supported Platforms

Full Alpari Review

Compare Alpari with other brokers

Trading Fees

Account Trading Costs

Trading account	Min. Deposit	Min. Spread EUR/USD	Commission	Trading Cost (USD)
ECN Account	USD 300	0.40	3 USD	7.0
Pro Account	USD 500	0	5 USD / lot	4.0
Standard Account	USD 50	1.20	Spread Only	12.0

Research and Analysis

How Brokers Are Scored

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

Trust Rating: Assessment of broker reliability and reputation
Trading Costs: Spreads and fees for clear comparisons
Platforms: User-friendliness and features
Asset Selection: Forex, stocks, and other available instruments
Deposit and Withdrawal: Simple and free deposits & withdrawals
Education: Support for beginners and developing traders
Customer Support: Accessibility, responsiveness, and expertise

To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Alpari Risk Statement

View Our Full Risk Disclosure

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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