The short answer
Alpari appears to be a real, operating broker, but our review found meaningful caveats (see the red flags below). It is not an outright scam signal, but do your own checks first.
Regulation & legitimacy signals
A brand since 1998; now operates via an offshore entity (Alpari International, FSC Mauritius). The old UK entity became insolvent (2015).
Green flags & red flags
- A long-standing, widely known forex brand (since 1998)
- MT4/MT5 + copy trading (PAMM)
- Many account types
- The old entity (Alpari UK) became insolvent in 2015; now operates via offshore Mauritius
- Weaker retail protection than tier-1
- Leverage is high-risk
Risk & regulation note
Leveraged trading is high-risk. Important note: the old Alpari UK entity became insolvent in 2015 (following the CHF de-peg); the brand now operates via an offshore Mauritius entity with weaker retail protection than tier-1.
How to verify Alpari yourself
- 1Check the regulator's database
Look up Alpari's license number directly on the regulator's official website (e.g. FCA, ASIC, CySEC, CFTC). A real license appears in the regulator's public register.
- 2Confirm the entity that serves your country
Many brokers use different legal entities per region — a tier-1 license in one country may not cover you. Check which entity you're signing up with.
- 3Search for withdrawal complaints
Look for consistent, credible reports of withdrawal problems (not one-off angry posts). Test with a small deposit and a withdrawal before committing more.
- 4Verify the official domain
Only use the official site (alpari.com). Scammers clone broker sites — check the exact URL and avoid links from unsolicited messages.
Other Alpari guides
Update history
- 2026-08-01
Assessment based on our latest editorial review.