Alpari Review 2026
Regulated broker with real licence numbers.
Alpari is a regulated CFD broker founded in 1998. It holds a FSA licence under number SD025.
The basics
Alpari was founded in 1998 and is headquartered in Victoria, Seychelles. It is privately owned. The broker offers CFDs on 300 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading lets you replicate the positions of other traders automatically.
| Founded | 1998 |
| Headquarters | Victoria, Seychelles |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | No — CFDs only |
Is Alpari safe?
The Seychelles FSA is an offshore regulator. It requires broker registration and basic conduct rules, but does not offer the same client protections as the FCA, CySEC, or ASIC. There is no compensation scheme and leverage limits are not imposed.
| Regulator | Licence | Entity |
|---|---|---|
| FSA | SD025 ✓ | Alpari Ltd (Seychelles) |
You can verify the FSA licence at fsaseychelles.sc. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Alpari spreads
These are the typical spreads on Alpari's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
Alpari's EUR/USD spread of From 0.0 (ECN) + commission pips is wider than ECN-first brokers but typical for a commission-free account.
Alpari withdrawal fee and processing time
Fee: None. Alpari does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Alpari minimum deposit by entity
The minimum deposit depends on which Alpari entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Alpari Ltd (Seychelles) | FSA SD025 | $5 | 1:1000 |
Alpari vs RoboForex
| Alpari | RoboForex | |
|---|---|---|
| Primary regulator | FSA SD025 | FSC 000138/210 |
| Min deposit | $5 | $10 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | From 0.0 |
| MetaTrader | Yes | Yes |
| Instruments | 300+ | 12,000+ |
| Copy trading | Yes | Yes |
| Withdrawal fee | None | Varies |
Both brokers are regulated and legitimate. Alpari suits traders who value copy trading and social features. RoboForex is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| FSA | SD025 — Alpari Ltd (Seychelles) |
Leverage for retail clients in the EU and UK is capped at 1:1000 on major forex pairs under ESMA rules. The offshore entity offers up to 1:1000, but with lighter regulatory protection.
Pros and Cons
What works
- FSA regulated
- Very low minimum deposit ($5)
- MetaTrader 4 and 5 available
- Copy trading available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
What does not work
- No tier-1 regulator (FCA/ASIC/CySEC) — offshore entity only
- No real stock ownership — CFDs only
The verdict
Alpari is a legitimate, regulated broker. The FSA licence number SD025 is verifiable on the public register. It is best suited for social and copy traders. Rating: 4.0 out of 5.
Alternatives to Alpari
If Alpari does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Alpari safe?
The Seychelles FSA is an offshore regulator. Alpari holds FSA licence SD025, which is publicly verifiable on the official register.
What is the Alpari minimum deposit?
The minimum deposit is $5. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Alpari EUR/USD spread?
The EUR/USD spread on Alpari standard accounts is typically From 0.0 (ECN) + commission pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Alpari take to process withdrawals?
Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
Does Alpari charge withdrawal fees?
None. Alpari does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Alpari have MetaTrader?
Yes. Alpari supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.