ALPARI

Alpari broker is one of the oldest and best-known forex names among Iranian traders, founded on 24 December 1998 in Kazan, Russia. However, Alpari's long-standing reputation does not always match the quality of its services today; in this overview, we review the license, accounts, platforms, payment methods and risks of working with this broker based on Teagle's data.

What kind of broker is Alpari?

Alpari was founded by Andrey Dashin, and with more than 25 years of activity, this broker is considered one of the pioneers of retail forex. One of Alpari's well-known moves was becoming the first broker in the world to adopt the MetaTrader platform in 2003. Alpari's PAMM system, offered as part of the Alpari Invest services, which lets an investor share in the profits and losses of a professional trader, is still one of its main attractions. The company's country of registration in Teagle's data is Comoros.

Alpari broker licenses and credibility

According to Teagle's latest review, Alpari has only one active license: MISA of Mohéli Island (Mwali International Services Authority, number T2023236). This license is considered offshore and weak, and it lacks the protection mechanisms of a top-tier regulator such as the FCA or ASIC. The Teagle expert also notes that, for all its history, Alpari has had many ups and downs, and trust in it has declined since its management system changed; over time, complaints such as price discrepancies and unusual spreads have also been filed against it. To better understand this difference, read the article the difference between offshore and onshore brokers .

Does Alpari serve Iranians?

Yes; according to Teagle's data, Alpari serves Iranian users and offers Persian support, but accessing its website may require changing your IP. Registration and identity verification with this broker are described as simple. However, services to Iranians are provided under an offshore license, and there is no serious legal protection for Iranian users.

Alpari trading accounts

Alpari offers six account types, which fall into two groups: standard accounts and ECN accounts:

• Standard account: minimum deposit of $100, no commission, floating spread from 0.3 pips and leverage up to 1:1000 on MT4.
• Micro accounts (MT4 and MT5): minimum deposit of $30, no commission, fixed spread of 0.3 pips and leverage up to 1:1000.
• ECN MT4 account: minimum deposit of $300, no commission and spreads from 0.1 pips.
• PRO.ECN accounts: minimum deposit of $500 and spreads from zero; the commission is $5 (round turn) on the MT4 version and $2.5 per lot for forex on the MT5 version, and the MT5 version gives access to more than 1054 symbols.

Leverage on ECN accounts reaches 1:3000; the stop-out level is 50% on these accounts and 20% on standard accounts. Teagle's table records requotes for the Standard and PRO.ECN MT4 accounts. According to Teagle's FAQ, ECN accounts are better suited for scalping; before choosing, learn about the difference between ECN accounts and other accounts and the risks of high-leverage trading .

Alpari platforms and services

Trading at Alpari is done on MetaTrader 4, MetaTrader 5 and the proprietary Alpari app. App users have access to TradingView charts in the Advanced Charts section. Additional services include bonuses, cashback, education, copy trading, a virtual private server (VPS), PAMM, an economic calendar and calculators, and the use of expert advisors, hedging and news trading is also stated to be allowed. We have explained the steps for using the copy service in Copy trading with Alpari broker in 3 steps and this broker's analytical tool in An introduction to Alpari Autochartist . You can also follow the terms of active bonuses on the broker bonuses page .

Deposits and withdrawals at Alpari

According to Teagle's payment table, deposits by credit card and e-wallet start from $30 and are instant; card withdrawals take 1 to 10 business days, and their fee depends on the payment method. Deposits via Topchange take 3 to 5 business days, and in the same table, deposits and withdrawals in Tether are listed as unsupported. The Teagle expert has rated Alpari's deposit and withdrawal process as difficult; so before depositing, ask support which methods are available to you.

Alpari's score and risk on Teagle

Alpari's final score on Teagle is 2.53 out of 5, calculated as the average of five sources: Teagle expert 3.5, Teagle users 3, Forex Peace Army 2.46, Trustpilot 2.43 and WikiFX 1.26. The Teagle Eye risk index for this broker is 51 out of 100, in the "medium risk" category; its long history has raised this index's score, but having only one offshore license has pulled it down.

Pros and cons of Alpari broker

• Pro: more than 25 years of history and PAMM services for passive investors
• Pro: competitive trading costs on ECN accounts and leverage up to 1:3000
• Pro: simple registration and identity verification, and Persian support
• Con: only one active license, and an offshore one at that, plus a history of regulatory and operational failures
• Con: difficult deposit and withdrawal process
• Con: user complaints about poor support and declining trust after the change in management

Who is Alpari suitable for?

In the Teagle expert's view, thanks to its varied platforms and competitive spreads, Alpari is still an option worth considering for experienced traders and those interested in PAMM or very high leverage, but it is not recommended for beginner and intermediate traders. If you are torn between two long-established brokers, the Alpari vs. Lite Finance comparison helps you see their accounts and licenses side by side.

Conclusion

Alpari is a familiar name with good features, but a long history alone does not replace a credible license, and its current reliance on a single offshore license is a serious risk. Start with a small amount of capital, make a test withdrawal before any large deposit, and follow the latest warnings on the investment risk warning page .