Alpari combines four live MetaTrader accounts with a mobile trading app, PAMM allocations and a points-based loyalty programme. Its current menu spans forex and multiple CFD markets; the account and platform determine access, commission treatment and liquidation thresholds.[3]
Account comparison01
Account and service routes at a glance
| Account / service | Contract and customer scope | Platform and principal condition |
|---|---|---|
| Micro | Parlance Trading Ltd — Eligible international clients; retail clients | MetaTrader 4. Initial funding; Alpari.com eligibility restrictions apply.Source 4Source 8Source 2Source 39 |
| Standard | Parlance Trading Ltd — Eligible international clients; retail clients | MetaTrader 4 or MetaTrader 5. Initial funding; Alpari.com eligibility restrictions apply.Source 5Source 8Source 2Source 39 |
| ECN | Parlance Trading Ltd — Eligible international clients; retail clients | MetaTrader 4. Initial funding; Alpari.com eligibility restrictions apply.Source 6Source 8Source 2Source 39 |
| Pro ECN | Parlance Trading Ltd — Eligible international clients; retail clients | MetaTrader 4 or MetaTrader 5. Initial funding; Alpari.com eligibility restrictions apply.Source 7Source 8Source 2Source 39 |
The facts02
Brand and service scope
| Measure | Value | Context |
|---|---|---|
| History | The Alpari brand dates to 1998. | Source 1 |
| Contracting route | Parlance Trading Ltd, Mohéli, Comoros | This profile covers the current Alpari.com international offering.Source 2 |
| Residence exclusions | US, UK, EU, Canada, Japan, North Korea, Myanmar, India, Azerbaijan, Syria, Sudan and Cuba | Source 2 |
Choosing an account
Sections ↑Account comparison03
Funding, currency and platform
Pricing & charges04
Published spread and commission models
| Account | Advertised spread floor | Commission model |
|---|---|---|
| Micro | The page displays both 1.2 and 1.5 pips. | No dealing commissionSource 4 |
| Standard | From 1.2 pips | No dealing commissionSource 5 |
| ECN | From 0.8 pips in its account card and pricing FAQ | No dealing commissionSource 6 |
| Pro ECN | From 0.0 pips | Asset-specific commission; see schedule belowSource 7 |
Micro displays balances and profit in cents: USD 10 appears as 1,000 USC. Its page specifies a 0.01-lot minimum and excludes a Micro demo and swap-free option. A cent balance alone does not establish the underlying exposure of a lot.[4]
Account comparison05
Account-level margin thresholds
Account comparison06
Opening and managing accounts
| Item | Published operating condition |
|---|---|
| Identity and age | Age 18+; clear colour passport, national ID, driving licence or residence permit.Source 10 |
| Additional verification | The non-trading rules permit address evidence, including a recent utility bill or bank document.Source 33 |
| Verification estimate | The help centre estimates up to 24 hours after all required documents are received.Source 11 |
| Account limit | Up to ten active live accounts under one profile; close an existing account to create another at the limit.Source 12 |
| Practice | MT4/MT5 demo trading is available; Micro is specifically excluded by its account page.Source 13Source 4 |
Products and contract structure
Sections ↑At a glance07
Where the product range expands
| Market | Offering | Access detail |
|---|---|---|
| Forex | Major, minor and exotic currency pairs | Market range and conditions vary by account.Source 14 |
| Micro products | 28 FX pairs, gold, silver, Brent, WTI, natural gas, USD Index, BTC and ETH | The Micro page identifies the two crypto symbols with an _m suffix.Source 4 |
| Stock CFDs | Price exposure to company shares | Pro ECN MT5 is the account route shown in the main account menu; CFD positions do not confer share ownership.Source 3Source 15 |
| ETF CFDs | Equity-index, international-market and commodity ETF exposure | Dedicated ETF page specifies Pro ECN; the account menu places ETF access on MT5.Source 17Source 7 |
| Crypto CFDs | Leveraged cryptocurrency price exposure | Trading is in derivatives rather than a deliverable coin wallet.Source 16 |
| Futures CFDs | S&P 500, Nasdaq 100, Dow Jones and DAX40 contracts | Published as swap-free between expiries, with rollover charges for continuing exposure.Source 18 |
At a glance08
Crosses CFDs: relative performance in one contract
| Symbol | Relationship |
|---|---|
| DJCGLD | Wall Street 30 / goldSource 19 |
| CHCJPC | China A50 / Japan 225Source 19 |
| DJCJPC | Wall Street 30 / Japan 225Source 19 |
| NACJPC | Nasdaq 100 / Japan 225Source 19 |
| SPCJPC | S&P 500 / Japan 225Source 19 |
| DJCSPC | Wall Street 30 / S&P 500Source 19 |
| BNOUSO | Brent oil ETF / WTI crude-oil ETFSource 19 |
Pricing & charges09
Pro ECN commission schedule
| Product | Published charge | Basis |
|---|---|---|
| FX | USD 2.50 per lot per side; USD 5 round trip | Fixed lot chargeSource 9 |
| Spot metals | USD 18 per million notional traded | Value-based chargeSource 7 |
| Indices, commodities, Gold Index and Crosses | USD 25 per million notional traded | Value-based chargeSource 7 |
| Crypto CFDs | 0.03% of notional traded | Percentage chargeSource 7 |
| Stock CFDs | USD 0.02 per side per lot | One share = one lotSource 7 |
| UAE stock CFDs | 0.04% of notional traded | Separate regional-stock rateSource 7 |
| ETF CFDs | USD 0.01 per side per lot | One ETF share = one lotSource 7 |
Position size, margin and execution
Sections ↑Trading & service hours10
Selected Pro ECN MT5 contract specifications
| Symbol | Contract size per lot | Minimum order | Regular server-time session |
|---|---|---|---|
| EURUSD | EUR 100,000 | 0.01 lot | Monday–Friday 00:15–23:55Source 20 |
| XAUUSD | Contract multiplier 100 | 0.01 lot | Monday–Friday 01:05–23:55Source 20 |
| WTI | Contract multiplier 1,000 | 0.01 lot | Monday–Friday 01:00–23:59Source 20 |
| US500 | One index unit | 0.1 lot | 01:01–23:59; Friday closes 23:55Source 20 |
At a glance11
ECN / Pro ECN FX-major notional bands
| Position notional: USD | Position notional: EUR | Leverage ceiling |
|---|---|---|
| 0–100,000 | 0–85,000 | 1:3,000Source 21 |
| 100,001–700,000 | 85,001–600,000 | 1:1,000Source 21 |
| 700,001–2,000,000 | 600,001–1,700,000 | 1:500Source 21 |
| 2,000,001–7,000,000 | 1,700,001–6,000,000 | 1:200Source 21 |
| 7,000,001–15,000,000 | 6,000,001–13,000,000 | 1:100Source 21 |
| 15,000,001–22,000,000 | 13,000,001–19,000,000 | 1:25Source 21 |
| 22,000,001–30,000,000 | 19,000,001–26,000,000 | 1:10Source 21 |
| Above 30,000,000 | Above 26,000,000 | 1:1Source 21 |
At a glance12
Dynamic margin: the detailed help policy
| Trigger | Affected new exposure | Maximum leverage |
|---|---|---|
| High-impact news: 12 minutes before to 2 minutes after | Affected instruments | 1:200Source 22 |
| Monday–Thursday: final hour before the daily break | Spot metals | 1:200Source 22 |
| Monday–Thursday: final hour before the daily break | WTI / Brent | 1:100Source 22 |
| Final three hours before each Friday session closes | Metals and WTI / Brent | 1:100Source 22 |
| Same Friday window | Other affected instruments | 1:200Source 22 |
At a glance13
Published order capacity
Market execution can produce a different price from the displayed quote. Requests may be rejected for insufficient margin or inability to hedge. The Terms of Business start stop-out with the greatest floating loss under the main rule; their MT5 footnote instead prioritises the position using the most margin.[5][24]
Holding positions and swap-free access
Sections ↑The ordinary rollover window is 23:59:45–23:59:59 server time. Positions held through it receive a swap debit or credit; positions opened and closed inside that window may also incur rollover.[24]
At a glance14
Swap-free eligibility and administration
| Feature | Condition |
|---|---|
| Normal mode | Daily allowances are instrument-specific; an additional daily charge can follow the allowance.Source 25 |
| Pro ECN MT5 examples | EURUSD and XAUUSD show three normal nights / 30 Enhanced nights; WTI shows zero / three.Source 20 |
| Enhanced access | Gold, VIP, VIP Expert and VIP Master rewards tiers qualify for the enhanced offer.Source 26 |
| Changing the setting | No open positions; no more than one change in 24 hours; the setting applies across the profile.Source 26 |
Platforms, analysis and managed allocation
Sections ↑Platforms & products15
Trading and account-management tools
| Service | Practical capabilities |
|---|---|
| MetaTrader 4 | MQL4 automated strategies and custom indicators; desktop/mobile access; the broker also lists VPS and MAM capabilities.Source 28 |
| MetaTrader 5 | MQL5 strategies, multi-currency testing and the expanded CFD product route.Source 29 |
| Alpari app | Place and modify trades, fund accounts, request withdrawals, inspect P&L and redeem rewards; linked to the underlying MetaTrader account.Source 27 |
| Pro Trading Tools | Free Trading Central and FX Blue downloads through the Hub for MetaTrader. Alpari says Autochartist has been discontinued.Source 30 |
At a glance16
PAMM service mechanics
| Stage | How the published service works |
|---|---|
| Selection | Public manager profiles show performance history, investors and allocated assets; search and performance filters are available.Source 34 |
| Allocation | Capital is assigned to a manager’s strategy; profits and losses are allocated proportionally.Source 34 |
| Charges | The manager may set performance and/or management fees, disclosed before investment.Source 34 |
| Control | Investors can monitor, reallocate and request partial or full withdrawals; the general page does not establish a universal settlement deadline.Source 34 |
Funding, withdrawals and non-trading charges
Sections ↑At a glance17
Payment workflow
| Operation | Published condition |
|---|---|
| Funding routes | Cards, bank transfers, e-wallets, local providers and crypto; the actual regional menu is shown in the account.Source 32 |
| Account ownership | Sender and recipient must match the client. Initial funds return through the funding source; profits may use another available method.Source 32 |
| Currency conversion | Non-account-currency transfers use Alpari/provider conversion rates; Alpari updates its rates daily.Source 32 |
| Back-office hours | Monday–Friday 06:00–20:00; Sunday 09:00–18:00, GMT+2/GMT+3 in DST.Source 32 |
| Open positions | Withdrawal requests must leave sufficient free margin for existing positions and charges.Source 33 |
Pricing & charges18
Charges outside the dealing spread
| Charge | Amount or trigger |
|---|---|
| Inactivity | 10 units of EUR/USD/GBP monthly after three months without trading, until the balance is depleted.Source 32 |
| Withdrawal without trading | Alpari reserves the right to charge banking costs or 3% of the requested withdrawal.Source 32 |
| Route-specific fees | Deposit/withdrawal fees and method limits are displayed in the client area and deducted from the transfer.Source 32 |
Rewards and promotional credit
Sections ↑At a glance19
Annual rewards thresholds
At a glance20
ALPARI500: current welcome-credit terms
| Condition | Detail |
|---|---|
| Promotion period | 1 April–31 December 2026; first-deposit clients only.Source 37 |
| Benefit | 100% first-deposit match, capped at USD 500; non-withdrawable margin credit.Source 37 |
| Timing | Enter the code before funding; deposit within seven calendar days. Credit is issued within seven days and lasts 30 days.Source 37 |
| Eligibility | Listed countries: India, Armenia, Georgia, Tajikistan, Russia, Ukraine, Moldova, Kazakhstan, Belarus, Kyrgyzstan, Turkmenistan, Afghanistan, Turkey, Uzbekistan and Iran.Source 37 |
| Removal and losses | Any withdrawal during validity removes the credit. Losses reduce real money; the credit adds no negative-balance or stop-out protection.Source 37 |
| Account restrictions | One account per client; Micro and managed accounts excluded; internal transfers do not qualify.Source 37 |
Support and contractual protections
Sections ↑Protections & eligibility21
Support and recourse
| Topic | Published position |
|---|---|
| Contact | Help Centre, contact form and telephone +44 2045 771 951.Source 38 |
| Negative balances | Terms of Business clause 6.6 makes the client liable for a stop-out debit balance and permits recovery from other accounts.Source 24 |
| Trading complaints | Client Agreement schedule: lodge within five working days, using the dashboard form with account, order and event details.Source 39 |
| Handling and governing law | The agreement targets five days for consideration, extendable in some cases; Comoros law applies.Source 39 |
Alpari’s claimed MISA relationship remains unverified. In its notice signed 8 December 2025, the Comoros central bank names MISA among bodies it says lack authority to issue financial licences and expressly addresses unregulated forex marketed as brokerage licences. The notice concerns the issuing bodies and licensing framework; it is not presented here as a named enforcement finding against Parlance Trading.[41]
Company background & evidence
Sections ↑- Headquarters
- Fomboni, Mohéli, Comoros (registered office)
- Founded
- 1998 (brand history)
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Parlance Trading Ltd
| Issuer & identifier | Recorded status | Date & scope |
|---|---|---|
| Mwali International Services AuthorityT2023236 | Not verified | Checked 10 Oct 2026Broker-published claim; MISA’s standing is disputed by the Comoros central bank.Source 2Source 40 |
Sources & further reading
- Company history and current brand presentation Alpari · Accessed 10 Oct 2026
- Current contracting company and residence exclusions Alpari · Accessed 10 Oct 2026
- Current four-account comparison Alpari · Accessed 10 Oct 2026
- Micro account: cent balances and product eligibility Alpari · Accessed 10 Oct 2026
- Standard account: funding, platform and pricing Alpari · Accessed 10 Oct 2026
- ECN account: pricing, currency and execution Alpari · Accessed 10 Oct 2026
- Pro ECN account and asset-specific commission schedule Alpari · Accessed 10 Oct 2026
- Account overview: base currencies and margin thresholds Alpari · Accessed 10 Oct 2026
- Commission amounts and MT4/MT5 charging timing Alpari · Accessed 10 Oct 2026
- Accepted identity documents and minimum age Alpari · Accessed 10 Oct 2026
- Identity verification processing Alpari · Accessed 10 Oct 2026
- Maximum number of active live accounts Alpari · Accessed 10 Oct 2026
- Demo-account availability Alpari · Accessed 10 Oct 2026
- Forex product access Alpari · Accessed 10 Oct 2026
- Stock CFDs and underlying ownership Alpari · Accessed 10 Oct 2026
- Cryptocurrency CFD service Alpari · Accessed 10 Oct 2026
- ETF CFDs and qualifying account Alpari · Accessed 10 Oct 2026
- Futures CFDs: financing and expiry costs Alpari · Accessed 10 Oct 2026
- Crosses CFDs: seven contracts and dividend treatment Alpari · Accessed 10 Oct 2026
- Contract specifications: Pro ECN MT5 published instrument data Alpari · Accessed 10 Oct 2026
- Currently linked leverage and notional-band rate card Alpari · Accessed 10 Oct 2026
- Detailed dynamic-margin policy for news and session closes Alpari · Accessed 10 Oct 2026
- Order-size and aggregate-volume limits Alpari · Accessed 10 Oct 2026
- Terms of Business: execution, liquidation and debit balances Alpari · Accessed 10 Oct 2026
- Swap-free daily allowance and subsequent holding charges Alpari · Accessed 10 Oct 2026
- Swap-free activation and Enhanced eligibility Alpari · Accessed 10 Oct 2026
- Alpari mobile app and account management Alpari · Accessed 10 Oct 2026
- MetaTrader 4, automation and account-management tools Alpari · Accessed 10 Oct 2026
- MetaTrader 5 and automated strategy tools Alpari · Accessed 10 Oct 2026
- Trading Central and FX Blue; Autochartist discontinuation Alpari · Accessed 10 Oct 2026
- Server clock and daylight-saving convention Alpari · Accessed 10 Oct 2026
- Deposit, withdrawal, conversion and inactivity conditions Alpari · Accessed 10 Oct 2026
- Regulations for Non-Trading Operations Alpari · Accessed 10 Oct 2026
- PAMM allocation, manager selection and fee disclosure Alpari · Accessed 10 Oct 2026
- Rewards tier thresholds and point multipliers Alpari · Accessed 10 Oct 2026
- Rewards terms and redemption schedule Alpari · Accessed 10 Oct 2026
- ALPARI500 welcome-credit terms, April–December 2026 Alpari · Accessed 10 Oct 2026
- Customer contact channels Alpari · Accessed 10 Oct 2026
- Client Agreement and Parlance Trading dispute provisions Alpari · Accessed 10 Oct 2026
- 15 June 2022 notice on offshore banking and claimed licensing bodies Banque Centrale des Comores · 15 Jun 2022 · Accessed 10 Oct 2026
- BCC warning on MISA and related claimed licensing bodies, signed 8 December 2025 Banque Centrale des Comores · 8 Dec 2025 · Accessed 15 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.