Alpari Review 2026
A licensed kitchen with real, checkable paperwork.
Alpari opened its doors in 1998 and cooks as a regulated CFD broker, carrying FSA licence SD025.
What's on the menu
Alpari has been serving since 1998, with the kitchen based in Victoria, Seychelles. The firm is privately held. The order book runs deep: 300 CFD instruments spanning forex, indices, commodities and crypto. Everything here is a contract for difference, so you are trading the price move, not owning the underlying dish.
MetaTrader comes plated on every account type. A copy-trading table lets you mirror another trader's orders automatically, no recipe of your own required.
| Founded | 1998 |
| Headquarters | Victoria, Seychelles |
| Instruments | 300+ |
| Platforms | MT4, MT5 |
| MetaTrader | Yes, MT4 and MT5 |
| Copy trading | Yes |
| Real stocks | No, CFDs only |
Kitchen inspection: 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) |
Want to inspect the kitchen yourself? Pull up fsaseychelles.sc and look up the FSA licence. The listing lays out the entity name, its authorisation status and the full list of what it is cleared to do. A minute, tops.
Ready to open an account?
Alpari - FSA regulated, min deposit $5, 300+ instruments.
Ingredient costs: Alpari spreads
Here is what the raw ingredients cost on a standard Alpari account. Spreads breathe with the market and with your account tier; step up to an ECN or raw-spread table and the spread shrinks, but a per-trade commission joins the bill.
| 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 |
That EUR/USD figure of From 0.0 (ECN) + commission pips carries a bit more markup than the ECN-first kitchens, though it is normal fare for a table with no per-trade commission.
The bill: Alpari withdrawal fee and timing
Cost to take money out: None. Alpari does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
How long it takes: Instant to 24 hours for e-wallets. Bank transfers take 1 to 3 business days.
No cash leaves the till until your identity checks out. If your proof of ID and address are not yet filed and cleared, the payout waits; once you are fully verified, cash-outs follow the timings shown above.
The cover charge by entity
The opening deposit at Alpari depends on which entity seats your country. Offshore branches tend to set a smaller cover charge, but you dine with a thinner layer of 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 kitchens hold real licences, so neither is a bad table. Pull up a chair at Alpari if you value copy trading and following other traders. RoboForex plates up better for anyone who leans on its particular regulated-entity coverage.
The licences, line by line
| FSA | SD025, Alpari Ltd (Seychelles) |
Under ESMA house rules, retail traders in the EU and UK are served leverage no higher than 1:1000 on the major forex pairs. The offshore entity will pour up to 1:1000, but that comes with a lighter seal of protection.
What tastes good, what leaves a bad aftertaste
Cooked well
- 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
Sent back
- No tier-1 regulator (FCA/ASIC/CySEC), offshore entity only
- No real stock ownership, CFDs only
Compare Alpari before you commit
4.0/5 rating - FSA regulated - min deposit $5
The verdict
Nothing on the plate here is fake: Alpari is a genuine, regulated broker, and FSA licence SD025 checks out on the public register. The table is set best for social traders who like to follow the chef. We rate it 4.0 out of 5.
Other tables worth a look
If Alpari is not quite to your taste, these regulated kitchens are worth comparing:
Frequently asked questions
Is Alpari safe?
The Seychelles FSA is an offshore regulator. The kitchen holds FSA licence SD025, and you can confirm it for yourself on the official register.
What is the Alpari minimum deposit?
The cover charge is $5 at the main regulated entity. Offshore branches may plate it differently, so check the entity table above for the full spread.
What is the Alpari EUR/USD spread?
On a standard Alpari account the EUR/USD ingredient runs about From 0.0 (ECN) + commission pips. It moves with the market; an ECN or raw table trims the spread in exchange for a per-trade commission.
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. Both MT4 and MT5 are on the menu across every account type, so automated strategies, custom indicators and expert advisors are all on the table.