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Alpari review

Alpari Review

Overall, Alpari is a reputable broker that is regulated by the FSC. Alpari offers four retail investor accounts to Botswana Traders. Overall, Alpari has a Trust Score of 95% out of 100Alpari is currently not regulated by the CBN.

Updated : May 13, 2024

Jump to:

005 regulations book


005 feature selection

Regulation and Safety of Funds


Awards and Recognition

007 fees

Account Types and Features


Account Registration


Broker Comparison

003 responsive design

Trading Platforms

003 stock market

Range of Markets



001 cash withdrawal

Deposit and Withdrawels

003 research

Education and Research


Bonuses and Promotions

001 cash withdrawal

Affiliate Programs

customer service

Customer Support

002 affiliate marketing

Social Responsibility

008 auction

Final Verdict

004 review

Pros and Cons

001 question


Overall Rating

Min Deposit

 5 USD / 67 BWP 



Trading Desk

MetaTrader 4



Total Pairs


Islamic Account


Trading Fees


Account Activation Time

24 Hours

on Alpari’s website




Alpari was established in 1998 and it rebranded to Alpari International in 2013.

Alpari has a large presence in Botswana because of its local offices in the region.


According to the official website of Alpari International, the broker is one of the largest brands in the industry. There is a dedicated team that works toward providing comprehensive trading and investment solutions to retail traders and investors.

There is a broad range of services offered that allows retail traders to ensure that they get the best guidance, financial advice, and resources to make informed investment decisions.


Alpari International is a globally recognized broker that manages a safe, fair, and transparent trading environment geared towards both beginner and professional traders.

To date, there are over 2 million registered users who use the services of Alpari International from 8 global locations across three continents. Alpari International has over 20 years’ experience in several financial markets and the broker offers more than 250 financial instruments.


This Alpari Botswana review will provide traders the details that they need to consider whether the broker is suited towards their unique trading objectives and needs.


Distribution of Traders

The distribution of traders for Alpari is as follows:

➡️️ Germany – 18%

➡️️ Bahamas – 15.95%

➡️️ Nigeria – 14.25%

➡️️ Russian Federation – 7.82%

➡️️ Turkey – 6.96%


Popularity among traders 

Alpari has a large market share in Botswana of over 14%, making this broker part of the Top 5 brokers for Botswana traders.

Regulation and Safety of Funds

 regulation Botswana


According to the official Alpari International website, the broker operates in the Republic of Mauritius under the name Exinity Limited, with Alpari International as the trading arm of this entity.

Alpari International is regulated and overseen by the Financial Services Commission in Mauritius under license number C113012295 Code FS-4.1, Code SEC-2.1B. The financial institutions and the liquidity providers that Alpari International uses have a high level of trustworthiness to ensure that the trading environment is safe and fair.


Alpari International is fully compliant with all anti-money laundering procedures and the broker is geared towards accountability, transparency, security, and building a solid reputation as an international forex broker.

All client funds are kept in segregated accounts, separate from the broker’s funds, with top-tier banking institutions in Europe. The funds that Alpari International receives are not used to run operations or to fulfil financial obligations. Clients who register a live trading account with Alpari International are subject to a “Know our Customer” (KYC) procedure whereby clients must verify their identity and their proof of address.


Is Alpari a regulated broker, and how can I verify its regulatory status?

Yes, they are a regulated broker. It operates under various regulatory authorities depending on its location and the entity serving the clients.


How does Alpari ensure the safety of client funds?

The broker prioritizes the safety of client funds through several measures. The broker employs segregated accounts, which means that client funds are kept separate from the company’s operational funds. This segregation ensures that client money remains secure, even in the unlikely event of the broker facing financial difficulties.

Alpari at a glance

🏛️ HeadquarteredMauritius
🏛️ Global OfficesCapital Markets Authority (CMA)
👍 Accepts Botswanan Traders?Yes
📅 Year Founded1998
📱 Botswanan Office Contact NumberNone
⚖️ RegulationFinancial Services Commission Mauritius (FSC)
🔎License NumberC113012295
⚖️ MFED, BoB, or NBFIRA RegulationNo
✴️ Regional RestrictionsThe United States, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Brazil, Puerto Rico, The Occupied Area of Cyprus
☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts4
🚀 Offers a BWP Account?No, only USD, EUR, GBP, and NGN
💻 Dedicated Botswanan Account Manager?No
📈 Maximum Leverage1:1000
📈 Leverage Restrictions for Botswana?No
💳 Minimum Deposit 5 USD or 66 BWP
💳 Botswanan Pula Deposits Allowed?Yes
💰 Active Botswanan Trader Stats250,000+
💰 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💳 Deposit and Withdrawal OptionsBank Transfers, Credit Cards, Debit Cards, Electronic Payment Systems, Bitcoin, Bank Wire Transfer
💰 Segregated Accounts with Botswanan Banks?No
💻 Trading PlatformsMetaTrader 4, MetaTrader 5
💰 Tradable AssetsForex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices
🌐 Offers USD/BWP currency pair?No
🌐 USD/BWP Average SpreadN/A
📈 Offers Botswanan Stocks and CFDsYes
👨‍💼 Languages supported on WebsiteEnglish, Chinese (Simplified), Chinese (Traditional), Persian, Indonesian, Spanish, Filipino, Portuguese, Malaysian
👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/5
👥 Botswanan-based customer support?Yes
💰 Bonuses and Promotions for BotswanansYes
✴️ Education for Botswanan beginnersYes
📊 Proprietary trading softwareNo
💰 Most Successful Botswanan TraderCurrently unknown
✔️Is Alpari a safe broker for Botswanans?Yes
✔️Rating for Alpari Botswana9/10
✔️Trust score for Alpari Botswana95%
👉 Open Account👉 Open Account




🥇 Leading global financial news portal FX Empire voted Alpari International as “Best Mobile Trading Experience 2017”, stating that the company offered a seamless connection between mobile and desktop trading.

🥇 FX Empire also awarded the company the prizes for “Most Innovative Broker” and “Most Reliable Broker”. This was due to the company’s technical base, its versatile product line, and the transparency and quality of its customer service.

Account Types and Features

Alpari accounts


Alpari International offers retail forex traders a choice between four live trading accounts spread across Micro, Professional, ECN, and Standard accounts, allowing traders to choose the one that suits their unique trading objectives and needs.

Regardless of the trading experience of traders, they can find a suitable trading solution through Alpari International.


Live Trading Accounts

Live accounts


The live trading accounts that Alpari International offers include a Forex Standard Account (MetaTrader 4), Forex Micro Account (MetaTrader 4), Forex ECN Account (MetaTrader 4 and MetaTrader 5), Forex Pro Account (MetaTrader 4).


Forex Standard Account (MetaTrader 4) Features

Standard account


Alpari International’s standard FX account is accessible to traders of all skill levels and provides a user-friendly and safe trading environment. The standard account offered by Alpari International provides ideal trading conditions for most intermediate traders.


Account FeatureValue
💰 Base Account Currency OptionsUSD, EUR, GBP, NGN
💳 Minimum Deposit1,300 BWP, 100 USD, EUR, GBP, or 20,000 NGN
💳 Maximum DepositNone
📈 Maximum LeverageFloating from 1:1000
💰 Commission ChargesNone
📈 Average SpreadFloating from 1.2 pips
🚀 Order Execution TypeInstant
📊 Margin Call (%)60
📊 Stop-Out (%)40
✴️ Swap-Free OptionYes
✴️ Range of Markets61 pairs – Forex Major Pairs, Minors, Exotics, 5 Spot Metals, 14 Spot CFDs
📊 Minimum Trade Volume0.01 lots
📊 Maximum Trade Volume30 lots
💰 Maximum Number of OrdersUnlimited
📈 Maximum Order Volume100 Lots
📊 Maximum Pending Orders100 Lots


Forex Micro Account (MetaTrader 4) Features

Micro account


The Micro Account is like a traditional account with the benefit that trading is done in cents. This account is ideal for beginner traders and those who are testing their trading strategies or practicing their trading skills.


Account FeatureValue
💰 Base Account Currency OptionsUSD, EUR, GBP, NGN
💳 Minimum Deposit66 BWP, 5 USD, EUR, GBP or 1,000 NGN
💳 Maximum DepositNone
📈 Maximum LeverageFixed, 1:400
💰 Commission ChargesNone
📈 Average SpreadFloating from 1.7 pips
🚀 Order Execution TypeInstant
📊 Margin Call (%)50
📊 Stop-Out (%)30
✴️ Swap-Free OptionYes
✴️ Range of Markets25 Pairs – Forex Major Pairs, Forex Minor Pairs, 2 Spot Metals
📊 Minimum Trade Volume0.01 lots
📊 Maximum Trade Volume1 Lot
💰 Maximum Number of Orders1000
📈 Maximum Order Volume5
📊 Maximum Pending Orders100 Lots


Forex ECN Account (MetaTrader 4/5) Features

ECN account


The ECN Account offered by Alpari International offers flexible, transparent, and efficient trading conditions and an immersive trading experience for advanced traders. With this account, experienced traders are given the best bid/ask prices from trusted liquidity providers.


Electronic Communication Network is an automated system that connects buyers and sellers to banks, brokers, or other liquidity providers so they may execute deals. Direct access to liquidity providers and the ability to match buy and sell orders are two of ECN’s many advantages.


Account FeatureValue
💰 Base Account Currency OptionsUSD, EUR, GBP, NGN
💳 Minimum Deposit6,600 BWP, 500 USD, EUR, GBP, or 20,000 NGN
💳 Maximum DepositNone
📈 Maximum LeverageFloating from 1:1000
💰 Commission Charges$1.5 per lot, per side
📈 Average SpreadFloating, from 0.4 pips
🚀 Order Execution TypeMarket
📊 Margin Call (%)100
📊 Stop-Out (%)80
✴️ Swap-Free OptionYes, only on MetaTrader 4
✴️ Range of MarketsMetaTrader 4 – 56 Pairs on Forex, 3 Spot Metals, 25 Spot CFDs
MetaTrader 5 – 57 Forex Currency Pairs, 2 Spot Metals, 14 Spot CFDs
📊 Minimum Trade Volume0.01
📊 Maximum Trade Volume50
💰 Maximum Number of OrdersUnlimited
📈 Maximum Order VolumeUnlimited
📊 Maximum Pending Orders300


Forex Pro Account (MetaTrader 4) Features

Pro account


The Alpari International Pro account offers professional traders the best liquidity, faster trade execution speeds, and the tightest spreads imaginable.


This account is suited only to professional investors, active traders, and hedge fund managers. There are no commissions, no requotes, maximizing the trading strategy of experienced traders who know what they want from their trading account.


Account FeatureValue
💰 Base Account Currency OptionsUSD, EUR, GBP, NGN
💳 Minimum Deposit330,000 BWP, or 25,000 USD, EUR, GBP
💳 Maximum DepositNone
📈 Maximum LeverageFloating from 1:300
💰 Commission ChargesNone
📈 Average SpreadFloating, from 0.4 pips
🚀 Order Execution TypeMarket
📊 Margin Call (%)120
📊 Stop-Out (%)100
✴️ Swap-Free OptionYes, only on MetaTrader 4
✴️ Range of Markets54 Forex Pairs, 3 Spot Metals
📊 Minimum Trade Volume0.01
📊 Maximum Trade Volume250
💰 Maximum Number of OrdersUnlimited
📈 Maximum Order VolumeUnlimited
📊 Maximum Pending Orders300


Demo Account

Demo account


A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.


There is a certain degree of risk involved when trading financial markets and Alpari International offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.


Alpari International offers the option for a demo account on these live trading accounts, which means that the demo account will mirror the trading conditions of the live account:

➡️️ Forex Standard Account (MetaTrader 4)

➡️️ Forex ECN Account (MetaTrader 4)


Islamic Account

Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.


However, Alpari International offers Muslim traders the option of an Islamic Account conversion on the following live trading accounts:

➡️️ Standard Account (MetaTrader 4)

➡️️ Forex Micro Account (MetaTrader 4)

➡️️ Forex ECN Account (Only on MetaTrader 4)

➡️️ Forex Pro Account


What are the different account types offered by Alpari, and how do they differ?

The broker offers several account types to cater to the diverse needs of traders. The primary distinctions are usually between standard accounts and pro accounts. Standard accounts may have fixed or floating spreads, while pro accounts often provide more competitive spreads with a commission fee.


What features are available with Alpari’s trading accounts?

The brokers trading accounts come with a range of features to enhance the trading experience. These features may include access to the popular MetaTrader platforms (MT4 and MT5), educational resources, market analysis tools, and customer support services.

How to open an Account with Alpari step by step


Step 1 – Navigate to the Alpari Homepage.

The first step is to head to the  homepage and select register to start opening an trading account.


How to open an Account with Alpari step 1


Step 2 –  Register your personal information.

Fill out the Alpari account registration form with your name, surname, country of residence, gender, birth date, and cell phone number to confirm your account registration through the OTP authentication process.


How to open an Account with Alpari step 2


Step 3 –  Locate your Alpari trading dashboard to complete your trading profile.

Complete your Alpari trading profile after registering your information, open an account and make a deposit to start trading with Alpari.


How to open an Account with Alpari step 3

Alpari VS Exness VS JusForex – Broker Comparison

💻 Trading PlatformMetaTrader 4
MetaTrader 5
MetaTrader 4
MetaTrader 5
MetaTrader 5
MetaTrader 4
JustMarkets App
💰 Withdrawal FeeYesNoNone
📊 Demo AccountYesYesYes
📊 Minimum Deposit67 BWP 134 BWP134 BWP
📈 LeverageUp to 1:1000UnlimitedUp to 1:3000
📈 SpreadFrom 0.4 pipsVariable, from 0.0 pipsFrom 0.0 pips
💰 Commissions$1.5From $0.1 per side, per lot3 base currency units per lot/side
📊 Margin Call/Stop-Out60% and 40%60%/0%40%/20%
📊 Order ExecutionInstant and MarketMarketMarket
💰 No-Deposit BonusNoNoYes
📊 Cent AccountsNoYesYes
📊 Account TypesForex Standard Account (MT4)
Forex Micro Account (MT4)
Forex ECN Account (MT4/5)
Forex Pro Account (MT4)
Standard Account
Standard Cent Account
Raw Spread Account
Zero Account
Pro Account
MetaTrader 4 Standard Cent Account
MetaTrader 4 Standard Account
MetaTrader 4 Pro Account
MetaTrader 4 Raw Spread Account
MetaTrader 5 Standard Account
MetaTrader 5 Pro Account
MetaTrader 5 Raw Spread Account
⚖️ MFED, BoB, or NBFIRA RegulationNoNoNo
💳 BWP DepositsYesYesYes
🌐 Botswana Pula AccountYesNoNo
👥 Customer Service Hours24/524/724/5
📊 Retail Investor Accounts457
☪️ Islamic AccountYesYesYes

Range of Markets

Range of Markets


According to Alpari International’s official website, the broker offers a wide range of tradable assets spread across these asset classes:

➡️️ Forex Major Currency Pairs (19 currency pairs)

➡️️ Forex Minors (21 currency pairs)

➡️️ Forex Exotics (19 currency pairs)

➡️️ Forex Russian Ruble – EUR/RUB and USD/RUB

➡️️ Spot Metals (5)

➡️️ Spot Commodities (3)

➡️️ Stock Trading (10)

➡️️ Spot Indices (27)


Alpari VS Exness VS JustMarkets – Broker Comparison for Range of Markets

➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoNoYes
➡️️​ OptionsNoNoNo
➡️️​ EnergiesNoYesYes
➡️️​ BondsNoNoNo

Trading Platforms

Trading Platforms


Alpari International offers a choice between MetaTrader 4 and Metatrader 5. This ensures that traders are given an immersive, unparalleled trading experience. These trading platforms can be downloaded and installed on the following devices:

Trading Mobile


➡️️ Desktop PCs and Laptops that run Linux, Windows, and macOS.

Trading Desktop


➡️️ Mobile trading platforms for Android and iOS devices such as smartphones, tablets, iPhones, and iPads

Alternatively, traders can use the web-trading interface of either trading platform by visiting the official website for MetaTrader 4 or MetaTrader 5 or using the link provided on the official website of Alpari International.


What trading platforms does Alpari offer, and how do they differ?

They provide traders with access to the widely used MetaTrader platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5). MT4 is renowned for its user-friendly interface, advanced charting tools, and support for algorithmic trading through Expert Advisors (EAs).


Can I use automated trading strategies on Alpari’s platforms?

Yes, the broker supports automated trading strategies on its MetaTrader platforms. Both MT4 and MT5 come equipped with the ability to create and implement Expert Advisors (EAs), which are automated trading algorithms.

Trading and Non-Trading Fees

Trading and Non-Trading Fees



The spreads that Alpari International charges will change according to the live account type that the trader uses in addition to the financial instrument being traded, and the market conditions on the trading day.


Alpari International only offers variable spreads according and traders can expect average spreads from:

➡️️ Standard Account (MetaTrader 4) – 1.2 pips EUR/USD

➡️️ Forex Micro Account (MetaTrader 4) – 1.7 pips EUR/USD

➡️️ Forex ECN Account (Only on MetaTrader 4) – 0.4 pips EUR/USD

➡️️ Forex Pro Account (Only on MetaTrader 4) – 0.4 pips EUR/USD



The commissions that Alpari International charges are as a flat fee from $1.5 on the ECN Account, on both MetaTrader and MetaTrader 5. These commissions are charged per lot, per side, which means that traders will pay from $3 per round turn.

Overnight Fees, Rollovers, or Swaps

These fees are charged when traders leave their position open for longer than 24 hours after the trading session has concluded. Traders will either pay fees or they will receive credit, depending on whether they hold a short or a long position.

The average overnight fees that traders can expect on, for instance, EUR/USD is -0.06 pips on a short position and -0.61 on a long position.


Deposit and Withdrawal Fees

Deposit and Withdrawal Fees


Alpari International does not charge any deposit fees. There are withdrawal fees charged on the several withdrawal methods offered by the broker, including:

➡️️ FasaPay – 0.5%

➡️️ South-East Asia Online Banking – 1.4%

➡️️ Latin American Solutions – (Mexico) 1% + 1 EUR

➡️️ African Local Solutions (C) – 1 USD

➡️️ Nganluong – 1.1% + 0.05 USD

➡️️ Visa, Mastercard, Maestro – 2 EUR, 3 USD, or 2 GBP

➡️️ WebMoney – 2%

➡️️ Perfect Money – 0.5%

➡️️ Bitcoin – 1%

➡️️ Bank Wire Transfer – 30 EUR


What are the trading fees associated with Alpari’s accounts?

The brokers trading fees primarily include spreads and, for some accounts, a commission per trade. Spreads can be either fixed or variable, depending on the account type chosen. Pro accounts often have lower spreads but charge a commission.


Are there any non-trading fees that I should be aware of when trading with Alpari?

While they aim to keep its fee structure transparent, traders should be aware of certain non-trading fees.

Deposits and Withdrawals

deposits and withdrawals Botswana


International offers the following deposit and withdrawal methods:

💳 FasaPay

💳️ Local Banking China

💳 Indonesian Local Bank Transfer

💳️ Latin American solutions

💳️ TC Payment

💳️ Latin American solutions via Skrill

💳️ Mexican Local Transfer

💳️ Egypt Local Transfer

💳️ Telepay Local Transfer

💳️ Afghan Local Transfers

💳️ Palestinian Local Transfers

💳 African local solutions (C)


💳️ South-East Asia Online Banking

💳️ Turkish Local Transfers

💳 Local Exchange House

💳️ Nigeria Local Bank Wire Transfer

💳️ Nganluong (E-wallet & banking channel)

💳️ GlobePay

💳 Iraq Local Transfers (SHAK)

💳️ Online Banking Thailand

💳️ China Online Banking (P)

💳️ Visa

💳️ Mastercard Debit/Credit Card

💳️ Maestro

💳️ Skrill

💳️ Neteller


💳️ Crypto Wallets

💳️ TC Pay Wallet

💳️ WebMoney

💳️ Perfect Money

💳️ Bitcoin

💳️ Bank Wire Transfer


How can I make a deposit with Alpari?

Making a deposit is a straightforward process. Once you have logged into your trading account, navigate to the “Deposit” section. They offer a variety of deposit methods, including bank wire transfers, credit/debit cards, and various electronic payment systems such as Skrill and Neteller.


What is the withdrawal process with Alpari, and how long does it take?

Withdrawing funds from your account is also a straightforward process. Log in to your account, go to the “Withdrawal” section, and choose your preferred withdrawal method. They typically processes withdrawal requests within one business day, but the actual time for funds to reach your account depends on the chosen withdrawal method.

Alpari step by step guide to depositing the minimum amount

Depositing funds with Alpari can be done with the following steps:


Step 1: Navigate to your Alpari trading dashboard.

On myAlpari, go to the My Money section, and then select the Deposits page.


Alpari step by step guide to depositing the minimum amount step 1


Step 2: Select your preferred deposit method.

Click ‘Deposit’ and select your preferred method. Choose the myAlpari account or wallet that you would like to deposit your funds into and then fill in the required fields.


Alpari step by step guide to depositing the minimum amount step 2


Step 3: Confirm deposit details 

On the next page, confirm your deposit details. Your payment provider may require additional steps.


Alpari step by step guide to depositing the minimum amount step 3

The process to Withdraw Funds from an Alpari Account

To make a withdrawal from trading account, traders can:


Step 1 Log in

Log into their MyAlpari client portal

The process to Withdraw Funds from an Alpari Account step 1


Step 2 “My Money”

Go to the “My Money” section


The process to Withdraw Funds from an Alpari Account step 2


Step 3 “Withdraw”

➡️️ Select the “Withdraw” option

➡️️ Choose the Alpari trading account or wallet from which to withdraw funds

➡️️ Complete the withdrawal request form

➡️️ Indicate the reason for making a withdrawal

➡️️ Enter the PIN that was sent to the trader’s email or SMS

➡️️ Submit the withdrawal request


The process to Withdraw Funds from an Alpari Account step 3


To successfully request for a withdrawal from an Alpari account, the trading profile must be fully verified before withdrawals can be processed. When making a withdrawal, traders must use the same payment method that they used when they made a deposit.

In addition, withdrawals must be made proportionally to the deposits as per the payment method that was used. Alpari also warns that some credit card withdrawals can only be made within a year from when the initial deposit was made.

All withdrawal requests are processed by Alpari within 24 hours by the Back Office. However, processing times can depend on the withdrawal method that was used as some methods may take longer, especially bank wires.

Education and Research

Education and Research


Alpari International offers a range of educational material on its official website, spread across the following:

➡️️ Forex Trading Webinars

➡️️ Beginners’ Guide to Trading

➡️️ Forex Trading Strategies Guide

➡️️ Commodity Trading Guide

➡️️ Precious Metals Trading Guide

➡️️ In terms of research, Alpari International offers comprehensive proprietary CopyTrade solutions, Strategy Manager Rankings, and several other resources that can be used by more advanced traders.


What educational resources does Alpari offer to traders?

They provide a range of educational resources to help traders enhance their knowledge and skills. These resources may include articles, video tutorials, webinars, and other educational materials covering topics such as market analysis, technical and fundamental analysis, risk management, and trading strategies. Traders can access these resources through Alpari’s official website or trading platforms.


Does Alpari offer research tools for market analysis?

Yes, the broker offers research tools to assist traders in market analysis. These tools may include daily market analysis, economic calendars, and research reports.

Bonuses and Promotions

Bonuses and Promotions


 International offers the following bonuses and promotions:

➡️️ A referral bonus where traders and their referrals could earn $50 when the trader shares their unique referral link, the referral registers a live account and fulfils the terms and conditions.

➡️️ Loyalty Cashback bonus


Does Alpari offer any bonuses for new traders?

They occasionally runs promotional campaigns that include bonuses for new traders. These bonuses may come in the form of a percentage of the initial deposit or other promotional offers.


Are there any loyalty programs or ongoing promotions for existing Alpari traders?

Yes, the broker often introduces loyalty programs and ongoing promotions to reward existing traders. These promotions may include cashback offers, trading competitions, or other incentives.

10 Best Forex Brokers in Botswana for 2024





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Customer Support

Customer Support


During market hours, the client service desk of the broker is open 24 hours per day, seven days per week.

In addition, they have included a Frequently Asked Questions (FAQs) area for website users to search for solutions to potential questions before contacting them.

Fill out the website’s ‘call back’ form if you would like to be contacted by the support desk. A support person will contact you at your leisure.


The quickest method to get assistance is via the website’s immediate chat feature. Yahoo messenger, WhatsApp, Skype, Telegram, and WeChat are additional chat choices.

You may also access assistance by email or phoning the international support helpline. 


Customer SupportAlpari’s Customer Support
⏰ Operating Hours24 Hours a Day, Mon–Fri
🗣 Support LanguagesMultilingual
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic Support+442 080 896 850
📞 Local Support in Botswana?No
🥇 Overall quality of Alpari Support4/5

Corporate Social Responsibility

There is currently no information regarding Alpari’s Corporate Social Responsibility.

Pros and Cons

✔️ Pros❌ Cons
Alpari offers Botswanans over 250 financial instrumentsAlpari has a low trust score and regulations from only one Tier-3 regulator
Alpari supports MetaTrader 4 and MetaTraderc5There is a limited range of instruments that can be traded
There is a comprehensive, innovative mobile app offered for Android and iOSAlpari has a limited range of trading tools
Alpari CopyTrade is provided to social tradersWithdrawal fees apply to several payment methods
There are ECN trading accounts offeredInactivity fees apply
Commission-free trading is offeredThe demo account expires after 14 days
Botswanans can register a Micro Account with smaller position sizes and a lower minimum deposit requirement
Alpari offers a free demo account and Islamic Account options for Muslim traders

Final Verdict

Alpari has established itself as a globally recognized forex broker with a history spanning multiple decades. It offers a range of trading accounts, platforms, and educational resources to cater to the diverse needs of traders. The availability of different account types, including Islamic accounts, and access to popular trading platforms like MetaTrader, enhances its appeal.


However, like any financial service provider, individual experiences may vary, and traders should conduct thorough research based on their specific preferences and requirements. Checking for the latest reviews, regulatory compliance, and the most recent features offered by Alpari is recommended before making any decisions.

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Now it is your turn to participate:

➡️ Do you have any prior experience with Alpari?

➡️ What was the determining factor in your decision to engage with Alpari?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?

➡️ Have you experienced any issues with Alpari, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?


Regardless, please share your thoughts in the comments below.

Frequently Asked Questions

Who regulates Alpari in Botswana?

Alpari is not regulated in Botswana, but is governed by the Financial Services Commission of Mauritius, which means they fall under Tier-3 rules (FSC).


Is Alpari legit?

Alpari is a legitimate broker. Despite being regulated at the Tier-3 level, Alpari has earned a solid reputation as a trustworthy broker thanks to its many satisfied customers.


Does Alpari have Volatility 75?

Alpari does not have Volatility 75.


Does Alpari have Nasdaq 100?

Alpari has Nasdaq 100. Botswanans can trade Nasdaq under NQ100_m as a spot index.


Can I register an Islamic Account with Alpari?

You can register a Standard, Micro, ECN, or Pro Account on MT4 and convert this live account to an Islamic Account.


How many financial instruments can I trade with Alpari?

You can trade over 250 financial instruments with Alpari spread across Forex, commodities, metals, indices, and shares.


Can I register a Botswanan Pula Account with Alpari?

You cannot register a BWP-denominated account with Alpari. You can only choose between USD, EUR, GBP, or NGN as the base currency on a retail account.


No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

9.3/10 - (3 votes)

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