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Alpari India Review

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Are you looking for better spreads? Then you’re in the right place. Global giant Alpari is a world-renowned broker with over 20 years in the business. With offices in 8 different countries around the world, and 2 million+ clients – the reputation and trust the Alpari brand has established throughout the years is second to none.

Alpari Broker Review

Alpari International is the fresh new face of the brand that continues the tradition of putting clients first. This broker offers 250+ financial instruments, a fully regulated platform and the best possible guidance, conditions and support to traders of all experience levels. Under its new direction and a team that has a proven track record for success, Alpari International is an excellent choice for the modern trader – especially because of its spreads. Take EUR/USD as just one example: it’s 0.9 for Standard Accounts and 0.1 on ECN. Compare that to the vast majority of other big brokers (which we did during this Alpari International Review!) and you’ll see what spreads can (and should) be like.

Established in 2013, the broker is creating a young and exciting chapter to the 20+ year Alpari history, with attractive promotions and programs to go along with its competitive trading conditions and multilingual customer service. Headquartered in Mauritius and regulated by the Financial Services Commission (FSC) Mauritius through their parent company Exinity Limited, Alpari International takes its role as a responsible broker very seriously.

It offers traders the opportunity to trade a fairly wide range of instruments mostly wrapped as CFDs (Contracts for Difference), offering trading in 11 major U.S. stocks, over 60 Forex currency pairs and crosses, the commodities gold, silver, crude oil and natural gas, the cryptocurrencies Bitcoin, Ethereum, Litecoin and Ripple, and 11 major global equity indices. Maximum leverage (on Forex) is a very high 1000 to 1, although this reduces as the total notional trade size of all open positions rises, falling to a minimum of 25 to 1 at a total notional value of $8 million. The maximum leverage offered is significantly less on cryptocurrencies and other instruments such as individual stocks due to regulatory requirements.

Accounts Alpari

Alpari International differs from most brokers in offering clients a hybrid ECN/market-maker execution model, allowing the opportunity of fast execution and natural spreads. A choice between account types is offered freely but it is not possible to trade certain instruments through some account types, and certain account types are only available with one of the two trading platforms offered. All accounts may be based in any of four base currencies: USD, EUR, GBP, or NGN (Nigerian Naira). It is unusual to see a major broker accepting the currency of an African nation, but it shows how committed Alpari International is to localising its services and making trading more convenient.

Alpari Broker Review

Traders are offered a choice between four account types, two of which offer ECN execution while the other two offer market-maker execution. The first ECN account offered is the “ECN Account” and is available with either the MetaTrader 4 or MetaTrader 5 trading platforms. It requires a minimum deposit of $500 and offers a maximum (floating) leverage of 1000 to 1. Commission is $3 per lot round trip and the minimum spread available on the benchmark EUR/USD currency pair is 0.4 pips. The maximum volume per trade permissible is 50 lots. The second ECN account available is the “Pro Account” and is available only with the MetaTrader 4 trading platform. It requires a far larger minimum deposit of $25,000 and offers a maximum (floating) leverage of 300 to 1. Individual stocks may be traded only through the Pro Account. No commission is charged on this account, and the minimum spread available on the benchmark EUR/USD currency pair is 0.4 pips. The maximum volume per trade permissible is 250 lots.

Alpari Broker Review

As for the non-ECN, market-maker execution style accounts, traders are offered a choice here between the “Standard Account” and the “Micro Account”, both of which are available only with the MetaTrader 4 trading platform. The Standard Account requires a minimum deposit of $100 and offers a maximum (floating) leverage of 1000 to 1. The minimum spread charged on the benchmark EUR/USD currency pair is 1.2 pips. The maximum volume per trade permissible is 50 lots. The second, smaller account is the Micro Account requiring a minimum deposit of $5, offering a maximum (floating) leverage of 400 to 1. The minimum spread charged on the benchmark EUR/USD currency pair is 1.7 pips. The maximum volume per trade permissible is 1 lot.

Alpari Copy Trading

Alpari International offers an easy-to-understand copy trading program – Alpari Copy Trading – for those who want to trade the markets but may not have the time or the knowledge to do it themselves.

Trading signals

Investors choose to copy the trades from a wide selection of established Alpari International traders known as Strategy Managers. For a fee of only 100 EUR/USD/GBP they can select one Strategy Manager or more, and have their trades automatically copied to their accounts. While the risk of making losses is always present, with every successful trade the Strategy Manager makes the Investor makes a profit without needing to trade himself.

As the Copy Trading program contains terminology that can be hard to understand, Alpari International offers a clear breakdown and explanation of the most important Key Terms.


Deposits/Withdrawals VIBHS Financial Ltd

Depositing funds into an Alpari International account is an easy and secure process. Traders can choose from a few different methods, including credit cards, debit cards, bank transfer, Neteller, FasaPay, WebMoney, Perfect Money, Bitcoin and Skrill. Withdrawals are generally made through the same channel that deposits have been made through. Alpari International add no charges of their own to any fees which may be charged by such payment processors.

Is Alpari Regulated?

Although Alpari is based in St Vincent and the Grenadines, they do not appear to be licenced by any governmental entity. This is because this country does not require their brokers to register with a financial authority.

However, Alpari is a member of the financial commission. This is a Forex industry body that is based in Hong Kong. They are a self regulating and external dispute resolution (EDR) body. Below is the page listing Alpari’s membership.

Financial Commission License

This body will operate independently and deal with disputes that are raised by the traders. They have a maximum coverage per complaint of $20,000. This could be disbursed by clients who can prove that the broker was acting dishonestly.

Of course, this is not as sound as governmental regulation. This is because the agency does not require the broker to meet minimum requirements in terms of reporting, capital buffers other client protections. Having said that, there are a number of other protections that Alpari provides their clients. These include the following:

  • Segregated Funds: This means that client funds are stored separately from those of the brokers main accounts. This protects client funds in the even that the broker was to go under
  • SSL Encryption: All of the communication with the Alpari site is done through a secure SSL connection. This means that your financial data will not be compromised
  • Partnerships with Banks: Alpari has established a relationship with a number of important banks in order to facilitate the smooth movement of funds.

So, although they do not have the backing of some governmental regulator, there are protections and dispute resolution mechanisms in place to deal with it.

Leverage and Assets

Alpari has a pretty respectable selection of Forex assets that you can trade on the platform. This includes all of the major FX pairs and a number of minor pairs.

Alpari Benefits

They also offer clients the chance to trade spot metals and commodity CFDs. However, these are quite lacking in terms of the individual assets. They only offer two metals pairs to trade and only have oil and natural gas in their commodity pile.

For those stock traders who want to use Alpari, you can trade their index CFDs. Unfortunately though, they do not make a market in single stock assets. If you wanted to trade your favorite companies then you will have to head on over to 24option. Finally, Alpari also has cryptocurrency CFDs. Below is a list of the pairs that they make a market in (USD):

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Ripple (XRP)

Web & Desktop Trading Platforms

Users can download their chosen trading platforms directly from the broker’s homepage, or through the ‘My Platforms’ section, once logged in to their account. The following trading platforms are available:

The MetaTrader 4 trading platform offers a variety of features including:

  • Access to all major trading instruments
  • Multi-language customer support
  • Automated Trading through Expert Advisors

The MetaTrader 5 trading platform offers a variety of additional features such as:

  • MQL5 trading signals
  • 21 timeframe options
  • 38 free technical indicators
  • Market Depth

The MetaTrader trading platforms on offer provide advantages to both beginner and professional traders due to their worldwide popularity and global community support. Alpari International also offers support in a variety of languages including English, Spanish, Portuguese, Indonesian and many, more.

Mobile Trading Platforms

Traders can download the MetaTrader 4 and MetaTrader 5 trading apps for both the iOS and Android operating systems, through their respective app stores, or through the ‘My Platforms’ section once logged in as a user, as the screenshot below shows:

The MetaTrader trading app offers a variety of features for traders to access their accounts on the go.

The MetaTrader 4 trading app offers:

  • All order types and execution modes
  • 3 types of chart views: Bars, Candlesticks and Line
  • 9 different viewable timeframes
  • 30 different trading indicators

The MetaTrader 5 trading app offers:

  • Financial news notifications
  • Netting and hedging account options
  • Market Depth
  • Full set of orders, including pending and stop-orders

Spreads & Commission

Alpari International offer spreads on major currency pairs of just 0.4 pips, which are some of the tightest on the market. The spreads available on trades will depend on the type of account held. The micro MT4 account offers spreads starting from just 1.7 pips when trading major Forex pairs.

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If you choose to open a standard MT4 account, these traders are offered spreads from 1.2 pips on major Forex pairs. If you are a more experienced trader, the ECN account spreads start at just 0.4 pips for majors.

If you are a professional trader looking to trade individual stocks, you will need to open the ECN Pro account. There is no commission charged on this account, compared to the ECN account which charges $3 per lot round trip.

Deals and Promotions

They are known for running regular promotions for their clients, such as the long-running loyalty cashback program. Every lot which a client trades results in them receiving a cash rebate. There are five possible rebate levels, with each rebate able to be withdrawn as cash.


It is worth checking the promotions area regularly, as new offers and incentives are often available. For example, they offer top-up credit to some deposits on a regular basis. This could see your deposits boosted by up to 30%. If you are unsure whether you are eligible for a particular promotion, take a look at the detailed terms and conditions.


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