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Alpari in South Africa — review, licence and costs
Score (6 of 6 axes scored)
ranked against full-basis brokers
- Reviews25%40
- Round-turn cost20%100
- Safety20%0
- Payouts15%80
- Track record10%100
- Platforms10%50
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- Parlance Trading Ltd
- Founded
- 1998
- Retail leverage
- 3000ZA
- Round turn
- 3.5 USDZA
- Currencies
- USD, EUR, GBP, CZK; no ZAR base account verified - ZAR deposits incur conversion.
- Swap-free account
- no
Licence check
Open an account with AlpariThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- Parlance Trading Ltd
- Local standing
- Offshore Tier-3 (Comoros MISA); current FSCA FSP authorisation not verified at review - treat as offshore with no confirmed local protection or ODP licence.
- Licence as the register states it
- Held under Comoros MISA licence T2023236; FSCA authorisation cited in some older reviews belonged to the prior Exinity operator and is not verified as current for today's Alpari brand.
- Leverage for this entity
- Up to 1:3000 on forex/metals offshore; not capped by a local SA regulator.
- The firm behind it
- Alpari brand founded 1998 (Russian origin); one of the oldest retail forex names, now run offshore by Parlance Trading Ltd with 1M+ claimed clients.
- What we hold against it
- Legacy FSCA claims in SA reviews relate to Exinity, not the current Parlance operator - verify FSP number on the FSCA register before assuming local regulation.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youOffshore Tier-3 (Comoros MISA); current FSCA FSP authorisation not verified at review - treat as offshore with no confirmed local protection or ODP licence.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: Micro (from USD 30, MT4 only), Standard (USD 100), ECN (USD 300), Pro ECN (USD 500). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where Alpari sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 3.5 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 30 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:3000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (3 methods · 0 local rails)
No verified local ZAR instant-EFT rail at review;
- Cards
- Wire
- E-wallets in USD
- Account currency
- USD, EUR, GBP, CZK; no ZAR base account verified - ZAR deposits incur conversion.
- Fee declared
- 3 of 3 methods
- Withdrawal back to
- the funding method
Where it does not serve(12 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(3 platforms)
- MetaTrader 4
- MetaTrader 5
- Alpari mobile app
Identical for every row: Min spread 0.3 · Leverage 3000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 3.8 | — |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(5 for and 3 against, each tied to a figure on this page)
- Round turn 3.5 USD on the raw + commission basis, under the South Africa median 7
- Min deposit 30 USD, under the South Africa median 50
- Withdrawal in 24 h, one of 86 of 103 brokers here that publish a time
- Round-turn cost 100 of 100, its strongest of 6 scored axes
- 3 platforms: MetaTrader 4, MetaTrader 5, Alpari mobile app
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- The published 1:3000 comes from the group's offshore entity, not from the South Africa one
- Safety 0 of 100, its weakest of 6 scored axes
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 3ZA
- Min deposit, USD
- 10 groupZA
- Leverage
- 500ZA
- Rank in this country
- #36
- Round turn, USD
- 4.2ZA
- Min deposit, USD
- 0 groupZA
- Leverage
- 200ZA
- Rank in this country
- #23
- Round turn, USD
- 4.5ZA
- Min deposit, USD
- 0ZA
- Leverage
- 500ZA
- Rank in this country
- #18
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
- Round turn, USD
- 7ZA
- Min deposit, USD
- 5 groupZA
- Leverage
- 1000ZA
- Rank in this country
- #46
- Round turn, USD
- 4ZA
- Min deposit, USD
- 50ZA
- Leverage
- 1000ZA
- Rank in this country
- #13
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | Alpari |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | 40 |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 100 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 0 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 80 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 50 |
FAQ
- Does Alpari accept residents of South Africa?
- No. Offshore Tier-3 (Comoros MISA); current FSCA FSP authorisation not verified at review - treat as offshore with no confirmed local protection or ODP licence. Onboarding entity: Parlance Trading Ltd
- Is Alpari licensed to serve clients in South Africa?
- Held under Comoros MISA licence T2023236; FSCA authorisation cited in some older reviews belonged to the prior Exinity operator and is not verified as current for today's Alpari brand. Checked on 09.07.2026.
- How much does one round turn cost at Alpari?
- About 3.5 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does Alpari offer to retail clients in South Africa?
- Up to 1:3000. Up to 1:3000 on forex/metals offshore; not capped by a local SA regulator.
- Which trading platforms does Alpari support?
- MetaTrader 4, MetaTrader 5, Alpari mobile app. Instruments: 750+ instruments: forex, metals, indices, commodities, share CFDs and crypto CFDs.
- How can I withdraw money from Alpari in South Africa?
- No verified local ZAR instant-EFT rail at review; cards, wire and e-wallets in USD.
- What account types does Alpari offer?
- Micro (from USD 30, MT4 only), Standard (USD 100), ECN (USD 300), Pro ECN (USD 500).
- Does Alpari offer a swap-free (Islamic) account?
- No. Alpari publishes no swap-free (Islamic) account for South Africa.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://alpari.com
Not tax advice. Check with SARS.