Alpari Review 2025: Safety, Fees, and User Complaints

Alpari, a brokerage established in 2016 and headquartered in Comoros, presents a complex profile for traders. While it offers high leverage and a low barrier to entry, its regulatory status and safety score raise significant questions. With a WikiFX Score of 2.52, Alpari falls into a high-risk category, suggesting that traders should exercise caution. This review analyzes Alpari's regulatory framework, trading conditions, and recent user complaints to help you decide if it is a safe platform for your capital.

Is Alpari Legit? Regulatory Status and Safety

The most critical factor in choosing a broker is verify valid regulation. Alpari currently holds a mix of active, revoked, and unverified regulatory statuses. While it is regulated by the National Bank of the Republic of Belarus (NBRB), other licenses have faced issues.

Regulatory License Table

Regulatory Warnings:

Data indicates that Alpari has been flagged by multiple international regulators:

• Malaysia: The Securities Commission Malaysia (SC) placed Alpari on its Investor Alert List for carrying out capital market activities without a license.
• Indonesia: The Commodity Futures Trading Regulatory Agency (BAPPEBTI) blocked Alpari domains, listing it as an unauthorized entity.

While the NBRB license is active, the revoked status in Belize and warnings from Southeast Asian regulators significantly impact the broker's trust rating.

Trading Conditions: Leverage and Account Types

Alpari offers a diverse range of trading accounts suitable for different levels of traders, with a notable feature being extremely high leverage options.

Account Overview

Users can choose between STANDARD, ECN, and PRO ECN accounts.

• Minimum Deposit: Entry is accessible, starting at $/€ 50 for Standard accounts on MT4 (or $/€ 100 for MT5). ECN accounts require $/€ 300, and PRO ECN requires $/€ 500.
• Maximum Leverage: Alpari offers exceptionally high leverage, reaching up to 1:3000 on ECN and PRO ECN accounts, and 1:1000 on Standard accounts. While high leverage can amplify profits, it also drastically increases the risk of liquidation.
• Trading Platforms: The broker supports the industry-standard MT4 and MT5 platforms. Additionally, they offer a self-developed proprietary trading platform and mobile apps like “Alpari - Stocks Trading App.”

Assets Available

Traders can access Forex, Metals, Indices, Commodities, and Crypto. Stock CFDs and ETFs are exclusive to the MT5 platform on the PRO ECN account.

User Exposure: Complaints and Market Sentiment

In recent months, WikiFX has received numerous complaints regarding Alpari's operations. The issues reported vary from withdrawal difficulties to allegations of platform manipulation. Below is a summary of specific user experiences.

Reported Issues

• Chart Manipulation: A user from Iran reported a loss of approximately $10,000, alleging that the broker manipulated charts to zero out their account after they had accumulated profits.
• Withdrawal Delays & Interference: A client from Australia described withdrawing funds as a “headache” and claimed that pending orders were meddled with, resulting in a distinct cash drain.
• Leverage Reduction: An investor from Argentina noted that after managing to profit twice, the broker lowered their leverage and refused bonuses, forcing them to exit the platform.

Positive Feedback

Not all feedback is negative. A user from Ukraine praised the broker for its diverse deposit and withdrawal options and user-friendly mobile service, contrasting it favorably with other brokers.

Pros and Cons of Alpari

Pros:

• High Leverage: Offers up to 1:3000 leverage for aggressive traders.
• Low Entry Cost: Minimum deposits start at just $/€ 50.
• Platform Variety: Supports MT4, MT5, and proprietary mobile apps.
• Asset Range: Access to Crypto, ETFs, and Stocks (on specific accounts).

Cons:

• Low Trust Score: A WikiFX score of 2.52 indicates poor reliability.
• Regulatory Issues: License in Belize is revoked; warnings issued by regulators in Malaysia and Indonesia.
• User Complaints: Reports of chart manipulation and withdrawal struggles.
• Regional Restrictions: Operations are unauthorized in several jurisdictions.

Final Verdict: Can You Trust Alpari?

Alpari offers attractive trading conditions, particularly for those seeking high leverage and low minimum deposits. However, the brokerage carries significant risks. With a revoked license in Belize, a low safety score, and documented complaints regarding chart manipulation and withdrawal issues, it lacks the stability of a Tier-1 regulated broker.

The warnings from international regulators further suggest that Alpari operates in a grey area in many regions. Traders should prioritize the safety of their funds over high leverage.

Protect your capital. Before depositing, verify the broker's current standing on the WikiFX App to ensure you are not walking into a potential scam.