OFFSHORE · MISARBI ALERT LIST#62 of 66 international brokers

Alpari review: the verdict.

Listed on the Reserve Bank of India Alert ListThe RBI lists Alpari as not authorised to deal in forex or run a forex trading platform for Indian residents. Indian residents trading forex on unauthorised platforms can face action under FEMA. Source: RBI Alert List (RBI press release 2025-2026/1530, 19 Nov 2025; checked 24 Oct 2026).

Verdict score

4.5 / 10

Based on hard data only. No outside rating with enough reviews was available.

Regulation3.0

Best licence: Offshore

Trading cost5.0

No published spread

Accessibility8.0

Min deposit $30

Platforms & payments6.6

3 platforms · 7 payment methods

Alpari vs top-rated peersPER YEAR

I trade standard lots of EUR/USD a month.

Trive$720

GO Markets$1,200

FP Markets$1,440

Zero Markets$1,440

Vantage$1,440

Cheapest vs most expensive here, per year$720

Regulation

Who licenses Alpari.

Licences as Alpari lists them. A tick means we found the entity on the regulator's own register.

Regulator	Tier	Entity	Licence no.	On register
MISA (Mwali)	OFFSHORE	Parlance Trading Ltd	T2023236	Not yet checked

Accounts

Published EUR/USD costs.

Account	Spread	Commission	Cost / lot
Micro	—	$0	—
Standard	—	$0	—
ECN	—	$0	—
Pro ECN	—	—	—

Cost per standard lot = spread in pips × $10 + round-turn commission. Brokers publish “typical”, “average” or “from” spreads; “from” figures flatter the broker.

Key facts

The fine print.

Website

alpari.com

Founded

Not published

Headquarters

Not published

Minimum deposit

$30

Max leverage

1:3000

EU/UK leverage cap

—

Platforms

MT4, MT5, own app

Deposits & withdrawals

Bank wire, Cards, Crypto (BTC), E-wallets, Local payment methods, Perfect Money, TC Pay

Islamic (swap-free) account

Not published

Copy trading

Not published

Withdrawal fees

Fee depends on payment method; Perfect Money, TC Pay and crypto withdrawals free. Withdrawal without trading activity may incur bank fees or 3% of amount.

Inactivity fee

After 3 months with no trading, 10 EUR/USD/GBP per month until balance depleted.

Restricted countries

Does not serve residents of USA, Japan, Canada, EU, UK and several other countries.

RBI Alert List (India)

LISTED as "Alpari" · list of 19 Nov 2025 · checked 24 Oct 2026

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Sources · data as of 2026-10-24

accounts: alpari.com/en/trading-accounts/
platforms: alpari.com/en/
regulators: alpari.com/en/
trustpilot: www.trustpilot.com/review/alpari.com
max leverage: alpari.com/en/help/trading-accounts/account-types-and-conditions/what-
min deposit usd: alpari.com/en/trading-accounts/
payment methods: alpari.com/en/trading-terms/deposit-withdrawals/
inactivity fee note: alpari.com/en/trading-terms/deposit-withdrawals/
withdrawal fee note: alpari.com/en/help/funds/commissions-and-fees/is-there-a-withdrawal-fe
restricted countries note: alpari.com/en/

Research notes: Group cites 'over 25 years' and copyright 1998-2026 but no explicit founding year, so founded null. Account spreads published only as generic 'from' figures (Micro/Standard from 1.2, ECN from 0.8, Pro ECN from 0.0) not EUR/USD-specific, so not recorded. Pro ECN forex commission stated as '$2.5 per lot traded' - side/round-turn basis not stated, so commission_rt_usd null (likely $5 RT if per side - unconfirmed). Max leverage 1:3000 on ECN/Pro ECN (Standard 1:1000, Micro 1:500). Trustpilot showed 288 reviews but no TrustScore. PAMM investing offered (not classic copy trading). Islamic account not confirmed.

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