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Analyst Team trader
Updated 15 Sep 2021


Alpari is among the longest-running online forex brokers in operation, having been established in 1998. It offers a range of accounts and allows clients from anywhere in the world, except the US and Canada. Spreads are low and, because the company does not operate under European regulations, leverage is significantly higher than other brokers. This article will provide an overview of Alpari with a specific focus on spreads and leverage.

Broker Overview

Alpari Lower trading fees

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Take a look
😁 We really liked…
  • High leverage, low spreads
  • MT4 and MT5 offered
  • More than 20 years in trading
😕 Could improve...
  • Largely unregulated
  • Fixed leverage on Micro account
Website Alpari
You can trade Alpari High Leverage Review

Alpari High Leverage Review

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Min Deposit Max Leverage
€100 1:1000

One of the main reasons why Alpari is such a popular broker is the high leverage it offers to clients, enabling them to operate with relatively small margin funds. Starting at 1:1000 on Standard, ECN and Pro accounts, it naturally decreases on higher amounts but still places Alpari ahead of the pack. This makes a significant strategic difference. If you have an aggressive trading strategy or if circumstances are advantageous for you to hold a lot of trading positions open at once, this is the kind of opportunity you will want to look for.

You should be aware that using high leverage increases the amount you could lose as well as the amount you could gain. It is equally important to understand the numbers before you trade so that you can make informed risk management decisions.


Summary and spreads

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Alpari Group is made up of two companies: Alpari BZ, which is located in Belize and is regulated by the International Financial Services Commission of Belize, and Alpari SVG. The latter is located in the offshore territory of Saint Vincent and the Grenadines and is unregulated by a government agency. Alpari has offices in locations across the globe.

Alpari is notable in terms of the wide range of account types, platforms and tools available. Account models include the Micro account, Standard account, ECN account and Pro account, with features tailored to beginner and experienced traders. Clients have access to trading platforms MetaTrader 4 and MetaTrader 5, and the broker also offers its own binary options platform. The popular technical analysis tool Autochartist is also free for clients.

There is a substantial range of available instruments as well, including forex majors, minors and exotics, CFDs, cryptocurrencies and commodities. These differ depending on the account, as do opening deposits and commissions. Minimum deposits are laid out below:

  • Micro account — $/€/£5
  • Standard account — $/€/£100
  • ECN account — $/€/£500
  • Pro account — $/€/£25,000

While the Standard, Micro and Pro accounts are commission-free, the ECN account charges a commission per lot — $3 for forex and metals, $7 for indices, $4 for commodities and $15 for cryptocurrencies.

Spreads differ between account types but are generally low across the board. For the Standard account and Micro account, clients can expect spreads from 1.2 and 1.7 pips, respectively. The ECN and Pro accounts, meanwhile, offer even lower spreads starting at 0.4 pips.


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As with factors already covered, leverage differs between Alpari’s account types — although all are high compared to US and ESMA-regulated brokers. With its higher minimum deposit, Alpari’s Pro account offers maximum leverage from 1:300. Next is the Micro account, which offers a fixed leverage of 1:400. Meanwhile, the Standard account and the ECN account both offer clients leverage from 1:1000.

While the Micro account offers fixed leverage, the leverage for all three other accounts is floating. Floating leverage is essentially a mechanism by which brokers can manage risk and protect their capital. Rather than the leverage remaining static, it will reduce if the volume of the open trading position grows beyond a certain level. This means you may start out with a leverage of 1:1000, but if your position grows, any capital above a certain threshold could be subject to lower leverage.

The bottom line

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Alpari is a high-leverage broker with account options suitable for a variety of budgets and levels of experience. Spreads are varying but low. Overall, Alpari is a well-established, longstanding broker with a competitive offering for those clients looking for high leverage alongside a rich choice of accounts, tools and platforms.

The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.