Alpari Review 2026
Full Alpari review for Nigeria traders — regulation, spreads, fees and our honest verdict.
Regulation in Nigeria
| Regulator | FSA FSA — Seychelles Financial Services Authority (FSA) |
| Licence Number | SD025 |
| Regulated Entity | Alpari Ltd (Seychelles) |
| Max Leverage (Forex) | 1:1000 |
| Minimum Deposit | $5 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| Copy Trading | ✓ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Regulated by FSA (licence SD025). Minimum deposit $5. In Nigeria: maximum forex leverage 1:1000.
About Alpari
Alpari was founded in 1998 and is headquartered in Victoria, Seychelles. The broker offers 300 tradeable instruments including forex pairs, CFDs on stocks, indices and commodities. It is regulated across multiple jurisdictions with a primary licence held by Alpari Ltd (Seychelles) under FSA.
In Nigeria, Alpari operates as Alpari Ltd (Seychelles), authorised by FSA under licence number SD025. Nigeria traders are subject to a maximum leverage of 1:1000 on forex pairs under FSA rules.
Trading Platforms
Pros
- FSA regulated — licence SD025
- 300+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: MT4, MT5
- Copy trading available
Cons
- No inactivity fee
- 76% of retail clients lose money
- CFD trading — you do not own the underlying asset
- No real stock ownership
Frequently Asked Questions
Is Alpari regulated?
Alpari holds FSA licence SD025, issued to the regulated entity {entity}. This is a real, verifiable licence recorded in the official FSA public register.
What is the minimum deposit for Alpari in Nigeria?
The minimum deposit is $5. This is the amount required to open a live trading account for traders in Nigeria under FSA regulation.
What leverage does Alpari offer in Nigeria?
In Nigeria, Alpari offers maximum forex leverage of 1:1000 under FSA rules. Higher leverage may be available through offshore-regulated entities.
Is Alpari safe to trade with?
Alpari is regulated by FSA, which requires segregated client funds, negative balance protection and independent audits. Regulation does not eliminate trading risk, but it provides meaningful investor protection.
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