Alpari

Alpari’s clients are served by Parlance Trading Ltd under a licence from the Mwali International Services Authority. No tier-one or tier-two licence covers the business, and the licence’s renewal after its stated end date could not be confirmed.

• MediumParlance Trading Ltd (company HY00423015) states it holds MISA licence T2023236. Archived copies of the MISA register list that licence and company number under the name Alpari (Comoros) Ltd, as active, with an end date of 12 April 2026. The live register blocked access, so the licence’s current status could not be confirmed.
• MediumAll clients are served through the Comoros company; Alpari’s site excludes residents of the EU, the UK, the US, India and other countries.

Alpari names the company clients contract with, consistently across its site and legal documents, but does not disclose its owner. An archived MISA register page of December 2024 named a chief executive and ultimate owner; a later version of the page no longer did.

• MediumAlpari’s website and legal documents name no owner, parent company or group.
• ObservationAn archived MISA register page dated December 2024 named Arman Grigoryan as chief executive and ultimate beneficial owner of the licensed company; the March 2025 version of the page no longer shows these fields. The current owner is not confirmed.

Clients have no compensation scheme, and Alpari’s Financial Commission membership ended in January 2024. Its terms make clients liable for negative balances. Alpari states that client funds are segregated, but no major regulator oversees that.

• MediumAlpari’s Terms of Business state that if a stop out leaves a negative balance, the client is liable for the loss and must pay the full amount immediately.
• MediumThe Financial Commission, a private dispute-resolution body, records Alpari’s membership as withdrawn from 27 January 2024, so its clients are not eligible for the Commission’s compensation fund.
• ObservationAlpari (UK) Limited entered special administration on 19 January 2015. Clients with agreed claims received 82 cents per dollar from the client money pool, plus unsecured dividends and FSCS cover of up to £50,000. This is more than eight years old, so it is recorded here but not scored.

Not assessed in a desk audit. Spreads, slippage and fill quality can only be measured with live accounts.

No enforcement action against Alpari’s current operator was found. Older actions against Alpari (UK) Limited, and a 2018 Russian licence annulment against a company we could not link to the current operator, are recorded below but not scored.

• ObservationOn 27 December 2018 the Bank of Russia annulled the forex dealer licence of Alpari Forex LLC, effective 27 January 2019, citing repeated breaches including unreliable reporting and breaches of rules on client collateral. We could not confirm a corporate link between that company and Parlance Trading Ltd, so it is recorded here but not scored.
• ObservationIn May 2010 the FSA fined Alpari (UK) Limited £140,000 for anti-money-laundering failings. It is more than eight years old, so it is recorded here but not scored.
• ObservationAlpari companies or websites have been named as unauthorised by regulators in Spain (CNMV, 2020 and 2021), Malaysia (2020), India (RBI Alert List) and Russia (Bank of Russia list, since 2021). Under our methodology these warnings are recorded but not scored.
• ObservationAlpari’s site offers leverage of up to 1:3000 and advertises a deposit bonus of up to $500. Such terms are lawful in its licensing jurisdiction, so under our methodology they are recorded but not scored.

Not assessed in a desk audit. Uptime, incident history and security controls require evidence from the firm or live monitoring.

No Great Place to Work certification and no community programme were found in public sources.

• ObservationNo Great Place to Work certification or community programme was found in public sources.