Top 8 Locally Based Brokers
Alpari Review
Overall, Alpari is considered low-risk, with an overall Trust Score of 95 out of 100. Alpari is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). Alpari offers four different retail trading accounts namely a Forex Standard Account, Forex Micro Account, Forex ECN Account, and Forex Pro Account. Alpari is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
570 KES or an equivalent to $5
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Alpari Review – 23 key points quick overview:
Alpari Overview- Alpari At a Glance
- Alpari Regulation and Safety of Funds
- Alpari Account Types and Features
- Alpari Account Registration
- Alpari VS Exness VS JusForex – Broker Comparison
- Alpari Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Alpari Trading and Non-Trading Fees
- Alpari Deposits and Withdrawals
- How to Deposit Funds with Alpari
- Alpari Fund Withdrawal Process
- Alpari Education and Research
- Alpari Bonuses and Promotions
- How to open an Affiliate Account with Alpari
- Alpari Affiliate Program Features
- Alpari Corporate Social Responsibility
- Verdict on Alpari
- Alpari Current Popularity Trends
- Alpari Pros and Cons
- Frequently Asked Questions
- Conclusion
Alpari Overview
Alpari is one of the biggest names in the sector. There is a specialized staff that works on delivering complete trading and investing solutions to regular traders and investors.
There is a vast variety of services available that help retail traders guarantee that they obtain the best customer support, trading conditions, and tools to make educated investment selections. Alpari is a worldwide acknowledged broker that provides a safe, fair, and transparent trading environment targeted toward both novice and experienced traders.
Currently, there are over 2 million registered customers who utilize the services of Alpari from 8 worldwide locations across three continents. Alpari has over 20 years of expertise in numerous financial markets and the broker provides more than 250 financial products.
This Alpari review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
The distribution of traders with Alpari is as follows:
➡️️ Bahamas – 16.5%
➡️️ Germany 15.4%
➡️️ Russian Federation 14.9%
➡️️ Bosnia and Herzegovina – 6%
➡️️ United Kingdom – 5%
Popularity among traders who choose Alpari
🥇 Alpari may not have a large market share in Kenya, but it is one of the most popular forex and CFD brokers in Africa, which places it in the top 10 brokers for Kenyan traders.
Alpari At a Glance
| 🏛️ Headquartered | Mauritius |
| 👍 Accepts Kenyan Traders? | Yes |
| 📅 Year Founded | 1998 |
| 📱 Kenyan Office Contact Number | None |
| ⚖️ Regulation | Financial Services Commission Mauritius (FSC) |
| 🔎License Number | C113012295 |
| ⚖️ CMA Regulation | No |
| ✴️ Regional Restrictions | The United States, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Brazil, Puerto Rico, The Occupied Area of Cyprus |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 4 |
| 🚀 Offers a KES Account? | No, only USD, EUR, GBP, and NGN |
| 💻 Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📈 Leverage Restrictions for Kenya? | No |
| 💳 Minimum Deposit (KES) | 570 KES or an equivalent to $5 |
| 💳 Kenyan shilling Deposits Allowed? | Yes, local methods offered |
| 💰 Active Kenyan Trader Stats | 70,000+ |
| Active Kenyan-based Alpari customers | Unknown |
| 💰 Kenya Daily Forex Turnover | $100 million+ |
| 💳 Deposit and Withdrawal Options | Bank Transfers, Credit Cards, Debit Cards, Electronic Payment Systems, Bitcoin, Bank Wire Transfer |
| 💰 Segregated Accounts with Kenyan Banks? | No |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5 |
| 💰 Tradable Assets | Forex Majors, Forex Minors, Forex Exotics, Forex RUB, Spot Metals, Spot Commodities, Stock Trading, Spot Indices |
| 🌐 Offers USD/KES currency pair? | No |
| 🌐 USD/KES Average Spread | N/A |
| 📈 Offers Kenyan Stocks and CFDs | None |
| 👨💼 Languages supported on Website | English, Chinese (Simplified), Chinese (Traditional), Persian, Indonesian, Spanish, Filipino, Portuguese, Malaysian |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/5 |
| 👥 Kenyan-based customer support? | No |
| 💰 Bonuses and Promotions for Kenyans | Yes |
| ✴️ Education for Kenyan beginners | Yes |
| 📊 Proprietary trading software | Yes – Mobile App |
| 💰 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✔️ Is Alpari a safe broker for Kenyans? | Yes |
| ✔️ Rating for Alpari Kenya | 9/10 |
| ✔️ Trust score for Alpari Kenya | 95% |
Alpari Regulation and Safety of Funds
Alpari is not regulated by the Capital Markets Authority in Kenya but is regulated by the Financial Services Commission of Mauritius, license number C113012295 under Code FS-4.1, Code SEC-2.1B. Exinity Limited is the official name of Alpari in Mauritius.
To prevent money laundering, Alpari exclusively collaborates with recognized financial institutions and liquidity suppliers. Alpari relies on reputable financial institutions and liquidity providers to provide a fair and secure trading environment.
Alpari adheres strictly to all anti-money laundering regulations and is dedicated to upholding high standards of accountability, openness, and safety while also establishing itself as a trusted name in the forex industry throughout the world.
All customer monies are stored in segregated accounts with top-tier European financial institutions, apart from the broker’s assets. Alpari does not utilize the monies it receives to conduct its business or to meet its financial commitments.
A “Know our Customer” (KYC) method requires customers who want to open a live trading account with Alpari to verify their identity and address.
Alpari Account Types and Features
To meet the demands of individual traders, Alpari provides retail forex traders with four live trading accounts including:
Forex Standard Account
Forex Micro Account
Forex ECN Account
Forex Pro Account
Live Trading Accounts
Forex Standard Account
For novice and experienced Kenyan traders alike, Alpari’s standard FX account is easy to use and secure. Alpari’s standard trading account is perfect for most intermediate traders.
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 11,500 KES, 100 USD, EUR, GBP, or 20,000 NGN |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Floating from 1:1000 |
| 💰 Commission Charges | None |
| 📈 Average Spread | Floating from 1.2 pips |
| 🚀 Order Execution Type | Instant |
| 📊 Margin Call (%) | 60 |
| 📊 Stop-Out (%) | 40 |
| ✴️ Swap-Free Option | Yes |
| ✴️ Range of Markets | 61 pairs – Forex Major Pairs, Minors, Exotics, 5 Spot Metals, 14 Spot CFDs |
| 📊 Minimum Trade Volume | 0.01 lots |
| 📊 Maximum Trade Volume | 30 lots |
| 💰 Maximum Number of Orders | Unlimited |
| 📈 Maximum Order Volume | 100 Lots |
| 📊 Maximum Pending Orders | 100 Lots |
Forex Micro Account
With the Alpari Forex Micro Account, Kenyan traders can test and improve their trading skills without taking on the huge risk of other accounts. Trading in a basic setting enables traders to take advantage of actual chances and allows them to learn the ropes before putting their money on the line.
Traders can easily evaluate their Expert Advisors without risking too much of their own money. The features on the Micro Account are as follows:
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 570 KES, 5 USD, EUR, GBP or 1,000 NGN |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Fixed, 1:400 |
| 💰 Commission Charges | None |
| 📈 Average Spread | Floating from 1.7 pips |
| 🚀 Order Execution Type | Instant |
| 📊 Margin Call (%) | 50 |
| 📊 Stop-Out (%) | 30 |
| ✴️ Swap-Free Option | Yes |
| ✴️ Range of Markets | 25 Pairs – Forex Major Pairs, Forex Minor Pairs, 2 Spot Metals |
| 📊 Minimum Trade Volume | 0.01 lots |
| 📊 Maximum Trade Volume | 1 Lot |
| 💰 Maximum Number of Orders | 1000 |
| 📈 Maximum Order Volume | 5 |
| 📊 Maximum Pending Orders | 100 Lots |
Forex ECN Account
Alpari’s ECN Account provides advanced traders with flexible, transparent, and efficient trading conditions. The finest bid/ask pricing is available to experienced traders with this account.
To facilitate transactions, banks, brokers, and other sources of liquidity are linked via the Electronic Communication Network (ECN), giving Kenyan traders access to the best possible pricing and fast execution speeds. The features on this account are as follows:
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 57,000 KES, 500 USD, EUR, GBP, or 20,000 NGN |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Floating from 1:1000 |
| 💰 Commission Charges | $1.5 per lot, per side |
| 📈 Average Spread | Floating, from 0.4 pips |
| 🚀 Order Execution Type | Market |
| 📊 Margin Call (%) | 100 |
| 📊 Stop-Out (%) | 80 |
| ✴️ Swap-Free Option | Yes, only on MetaTrader 4 |
| ✴️ Range of Markets | MetaTrader 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 Volume | 0.01 |
| 📊 Maximum Trade Volume | 50 |
| 💰 Maximum Number of Orders | Unlimited |
| 📈 Maximum Order Volume | Unlimited |
| 📊 Maximum Pending Orders | 300 |
Forex Pro Account
This account provides the highest liquidity, fastest trade execution speeds, and the tightest spreads possible for experienced Kenyan traders.
Professional investors, active traders, and hedge fund managers are typically the ones who can benefit from this account. In addition, professional Kenyan traders who know exactly what they want from their trading account will benefit from no fees and no requotes.
| Account Feature | Value |
| 💰 Base Account Currency Options | USD, EUR, GBP, NGN |
| 💳 Minimum Deposit | 2,800,000 KES, or 25,000 USD, EUR, GBP |
| 💳 Maximum Deposit | None |
| 📈 Maximum Leverage | Floating from 1:300 |
| 💰 Commission Charges | None |
| 📈 Average Spread | Floating, from 0.4 pips |
| 🚀 Order Execution Type | Market |
| 📊 Margin Call (%) | 120 |
| 📊 Stop-Out (%) | 100 |
| ✴️ Swap-Free Option | Yes, only on MetaTrader 4 |
| ✴️ Range of Markets | 54 Forex Pairs, 3 Spot Metals |
| 📊 Minimum Trade Volume | 0.01 |
| 📊 Maximum Trade Volume | 250 |
| 💰 Maximum Number of Orders | Unlimited |
| 📈 Maximum Order Volume | Unlimited |
| 📊 Maximum Pending Orders | 300 |
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 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.
On the following live trading accounts, Alpari gives the option of a demo account, which implies that the demo account will replicate all the trading conditions without Kenyans risking capital:
Forex Standard Account
Forex ECN Account
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.
Alpari offers Muslim traders in Kenya the opportunity to convert these live trading accounts into that Islamic Swap-Free Accounts:
Standard Account (MetaTrader 4)
Forex Micro Account (MetaTrader 4)
Forex ECN Account (Only on MetaTrader 4)
Forex Pro Account
Alpari Account Registration
Kenyan traders can sign up for an account by visiting Alpari’s official website and selecting the “Register” option on the homepage. A form will load, and users can simply fill out the blank fields with the information they need to finish the process.
An email and/or text message with a verification code will be issued to the provided mobile phone number and/or email address. Once the user’s identity has been validated, they may go to the “MyAlpari” site, where they will be able to do a variety of trading-related activities.
Kenyans must note that to complete the registration process, the user must provide personal, contact, financial, and other details. The user must give evidence of their identification and their home address as part of the KYC procedure.
Step 1 – Navigate to the Alpari Homepage.
The first step is to head to the Alpari homepage and select register to start opening an Alpari trading account.
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.
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.
Alpari VS Exness VS JusForex – Broker Comparison
| Alpari | Exness | JustForex | |
| ⚖️ Regulation | FSC | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSA |
| 💻 Trading Platform | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 | MetaTrader 5 MetaTrader 4 ZuluTrade JustForex App |
| 💰 Withdrawal Fee | Yes | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📊 Minimum Deposit | 570 KES | 4,100 KES | 400 KES |
| 📈 Leverage | Up to 1:1000 | Unlimited | Up to 1:3000 |
| 📈 Spread | From 0.4 pips | Variable, from 0.0 pips | From 0.0 pips |
| 💰 Commissions | $1.5 | From $0.1 per side, per lot | 3 base currency units per lot/side |
| 📊 Margin Call/Stop-Out | 60% and 40% | 60%/0% | 40%/20% |
| 📊 Order Execution | Instant and Market | Market | Market |
| 💰 No-Deposit Bonus | No | No | Yes |
| 📊 Cent Accounts | No | Yes | Yes |
| 📊 Account Types | Forex 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 |
| ⚖️ CMA Regulation | No | No | No |
| 💳 KES Deposits | Yes | Yes | Yes |
| 🌐 Kenyan shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/7 | 24/5 |
| 📊 Retail Investor Accounts | 4 | 5 | 7 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Overall Rating
- 4.7/5
Min Deposit
570 KES or an equivalent to $5
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Alpari Trading Platforms
Alpari offers Kenyan traders a choice between these trading platforms:
MetaTrader 4
MetaTrader 5
Desktop Platforms
MetaTrader 4
MetaTrader 5
MetaTrader 4 and 5
Alpari provides the well-known MetaTrader (MT) trading platforms to its customers. The MT4 and MT5 trading platforms are the two most popular trading platforms in the industry, offering a plethora of options and features to both beginner and professional Kenyan traders.
While using either MetaTrader 4 or 5, Kenyan traders can expect the following features:
EAs (Expert Advisors) can be used to scan charts and detect patterns, and then trade using pre-configured settings depending on these findings.
You will be able to get your hands on a variety of trading tools and strategies on the MT market.
Orders of all kinds, including pending orders and risk management, are available. There are four order types offered on MetaTrader 4 while MetaTrader 5 has six.
A set of built-in technical indicators, with MT4 offering 30 and MT5 providing 38.
Charting on many timescales at the same time. Only nine periods are supported by MetaTrader 4 while 21 are available on MT5.
Trading directly from the charts or using one-click trading is offered on both platforms.
Real-time quotes for all tradable assets may be seen in the Market Watch.
WebTrader Platforms
MetaTrader 4
MetaTrader 5
MetaTrader 4 and 5
Any online browser and any operating system (Windows, Mac, Linux) can use either the MetaTrader 4 or MetaTrader 5 web platform to trade Forex and a range of other instruments. With the WebTrader, you can easily access your account and begin trading in a matter of seconds, and a stable Internet connection is all you need to do this.
Web Trading features on these platforms include, but are not limited to:
The ability to trade through the browser without worrying about downloads and installation of software.
It is compatible with any operating system.
The platform offers robust data protection.
One-click trading is available on the browser platform.
Kenyan traders can access their history of trading activities.
There are several technical indicators and graphical objects offered.
Real-time quotes are available in the Market Watch.
Trading App
MetaTrader 4
MetaTrader 5
Alpari Mobile App
MetaTrader 4 and 5
There are several similarities between the mobile applications for MT4 and MT5. The tabs, functionality, and user interface are all the same. Since MT5 is the newer version of the trading software, it offers much more functionality.
In addition, Kenyan users can get the applications through the various app stores on their iOS and Android phones and tablets.
Alpari Mobile App
Alpari offers a proprietary mobile app to Kenyan traders and in terms of functionality, this app offers a one-stop-shop for the Alpari network. Trading, monitoring, and analysis can effortlessly be done through this innovative mobile app.
Both Android and iOS smartphones may use the software and to get it, you can simply visit your phone’s app store, where it can be downloaded and used free of charge.
Range of Markets
Kenyan traders can expect the following range of markets from Alpari:
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)
Broker Comparison for Range of Markets
| Alpari | Exness | JustForex | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | No | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | No | Yes | Yes |
| ➡️️ Bonds | No | No | No |
Alpari Trading and Non-Trading Fees
Spreads
A trader’s live account type, as well as the financial instrument being traded, and market circumstances, will affect the spreads that Alpari charges. When trading with Alpari, Kenyan traders can anticipate typical spreads from the following spread charges:
Standard Account – 1.2 pips EUR/USD
Forex Micro Account – 1.7 pips EUR/USD
Forex ECN Account – 0.4 pips EUR/USD
Forex Pro Account – 0.4 pips EUR/USD
Commissions
A fixed commission of $1.5 is charged on the ECN Account. The charges are levied per lot, per side, so Kenyan traders can expect to spend as little as $3 for each round turn that they execute.
Overnight Fees, Rollovers, or Swaps
Traders who keep their positions open for more than 24 hours after the close of trading are subject to these costs. Depending on whether the Kenyan trader holds a long or short position, they can either receive credit or they will pay for keeping the position open.
Some typical overnight fees are:
EUR/USD – a short swap of 0.08 and a long swap of -0.37
XAG/USD – a short swap of -0.03 and a long swap of -0.06
XAU/USD – a short swap of -0.50 and a long swap of -3.20
Deposit and Withdrawal Fees
Deposit fees are not charged by Alpari. However, the broker charges withdrawal fees for a variety of withdrawal methods, 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
Other Fees
Currency conversion fees may apply if deposits and withdrawals are made in currencies that are not supported by the payment methods offered by Alpari. In addition, Kenyan traders who do not have any activity on their trading account for 6 consecutive months will be subject to a 5 EUR, USD, or GBP inactivity fee.
Alpari Deposits and Withdrawals
Alpari offers the following deposit and withdrawal methods:
FasaPay
Southeast Asia Online Bank
PayR LATAM
Turkish Local Transfers
Local Banking China
Local Exchange House
Latin American Solutions
Indonesian Local Transfer
Latin American Solutions through Skrill
Mexican Local Transfer
Egypt Local Transfer
Afghan Local Transfer
Local Indian Solutions
Palestinian Local Transfers
African Local Solutions (C)
Nigeria Local Bank Wire Transfer
Online Banking Malaysia
Online Banking Indonesia
Nganluong (e-Wallet and Banking Channel)
GlobePay
Iraq Local Transfers (SHAK)
Online Banking Vietnam
Online Banking Thailand
China Online Banking (P)
Visa
MasterCard
Maestro
Neteller
Skrill 1-Tap
VLOAD
Crypto Wallets
TC Pay Wallet
WebMoney
Perfectmoney
Bitcoin
Bank Wire Transfer
Payment Methods, Accepted Deposit Currencies
Alpari does not indicate the minimum and maximum deposit or withdrawal amounts but provides the deposit currencies that are accepted per payment provider.
How to Deposit Funds with Alpari
To deposit funds to an account with Alpari, Kenyan traders can follow these steps:
Step 1: Navigate to your Alpari trading dashboard.
On myAlpari, go to the My Money section, and then select the Deposits page.
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.
Step 3: Confirm deposit details
On the next page, confirm your deposit details. Your payment provider may require additional steps.
Alpari Fund Withdrawal Process
To withdraw funds from an account with Alpari, Kenyan traders can follow these steps:
The Withdraw page may be found under ‘My Money’ on the myAlpari website. Click ‘Withdraw’ and then choose your preferred payment method.
Fill out the form to withdraw money from your myAlpari account or wallet. Before selecting ‘Submit,’ you must first choose a reason for the withdrawal and then enter the PIN that was provided to your email or mobile phone.
To request a withdrawal, Kenyans must ensure that they have a full verified profile. Kenyan traders must utilize the same payment method they used to fund their first deposit to withdraw their profits.
Deposits should also be withdrawn at the same rate as they were made, based on the payment method utilized. Certain credit card withdrawals may only be performed within one year of the original deposit date.
Alpari’s Back Office processes all withdrawal requests within 24 hours. Several factors might affect the time it takes to complete a withdrawal, including the mode of withdrawal employed.
Overall Rating
- 4.7/5
Min Deposit
570 KES or an equivalent to $5
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Alpari Education and Research
Alpari offers the following Educational Materials:
Beginners’ Guide to Trading
Forex Trading Strategies Guide
Commodity Trading Guide
Precious Metals Trading Guide
Alpari offers Kenyan traders the following Research and Trading Tools:
CopyTrade Solutions
Strategy Manager Rankings
Alpari Bonuses and Promotions
Alpari offers Kenyan traders the following bonuses and promotions:
A referral bonus – When traders and their referrals exchange their unique referral link, and the referral creates a live account and meets the terms and conditions of the promotion, they both get $50 in compensation.
Loyalty Cashback bonus
How to open an Affiliate Account with Alpari
To get started, Kenyans can simply visit the Alpari website and register with myAlpari to access the option to open a partner account.
Alpari Affiliate Program Features
The advantages associated with becoming an affiliate with Alpari include:
Knowing that partners are dealing with a globally trusted brand
Access to promotional material, banners, videos, and logos
Transparent reporting along with a range of analytical tools
Alpari offers two different types of partnership, namely:
Revenue shares up to 60% when Kenyans become an Introducing Broker (IB), allowing them to earn revenue share on the spread of every trade that is executed by referred clients.
CPA up to $275 when Kenyans refer new clients and once the referrals deposit funds into their live trading account.
The Alpari Affiliate Program is perfect for:
Experienced traders can earn cash from their referrals when they spread the word about Alpari’s comprehensive trading solutions and competitive trading conditions.
Kenyans who have an online following and who are active on social media groups, blogs about trading, YouTube Channels, etc.
Kenyans who have an existing business website can post an advertising banner regarding Alpari’s services, allowing the affiliate to be rewarded for every client that signs up with Alpari using the affiliate’s banner.
Alpari Corporate Social Responsibility
Alpari believes that any person can make a difference in the lives of others. The Alpari brand has several charitable initiatives that offer support to the following:
Educational as well as cultural and medical institutions and initiatives.
People who find themselves in distress such as those who have disabilities.
Orphaned children along with foster families.
The Alpari Charitable Fund was established to enable children to reach their full potential regardless of their socioeconomic status, family circumstances, or physical or mental disability.
With a special emphasis on supporting children with chronic diseases, orphaned children, and foster families, the fund has helped more than 400 children get medical treatment and rehabilitation and lifted more than 4,000 underprivileged families out of poverty.
The fund now operates more than ten ongoing social assistance programs and has hosted more than 300 different events and fundraisers throughout the years.
Some of Alpari’s CSR programs include:
Masterclasses for mothers of disabled children
Charity Workshops
Letters to Santa
Andrey and Julia Dashin’s Foundation is aimed at making a difference in Cypriot people by extending a helping hand and addressing basic needs in several areas.
The Cyprus Anti-Cancer Society
The Independent Social Support Body
The Cyprus Red Cross Society
Support for Environmental initiatives including Green Dot Cyprus, “Let’s do it Mediterranean,” and several others.
Verdict on Alpari
As far as daily trading volume goes, Alpari remains one of the biggest forex brokers in the world. Whether you are a novice trader or a seasoned expert, the diverse selection of accounts and available features will appeal to a broad spectrum of people.
The most recent platform is very user-friendly and has a simple registration procedure. They are also devoted to providing traders with advice and support, which means they continue to be an appealing alternative for many current traders.
Alpari is a popular alternative for investors seeking some of the lowest Forex margins available. Alpari, in our view, really stands out from the competitors due to its forward-thinking mentality.
Alpari Current Popularity Trends
👉 According to Google Trends, Alpari has seen an increase in Google Searches in the past month.
Overall Rating
- 4.7/5
Min Deposit
570 KES or an equivalent to $5
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Alpari Pros and Cons
| ✔️ Pros | ❌ Cons |
| Alpari has been in operation for decades and it has established a global presence | There are no fixed spread accounts |
| Kenyan traders are given access to MetaTrader 4 and 5, with associated trading accounts | Alpari does not have Tier-1 or Tier-2 Regulations |
| Muslim traders can convert their live trading account to a Swap Free Islamic Account | There is a limited range of tradable instruments |
| There are local deposit and withdrawal options offered to Kenyan traders | There is an inactivity fee charged |
| Kenyan traders can deposit funds in KES, saving them from currency conversion fees | There are withdrawal fees charged |
| There are four retail investor accounts offered, each with unique and competitive trading conditions | |
| Alpari offers tight spreads and competitive commissions | |
| News is streamed through FxWirePro, and traders have access to AutoChartist for auto trading | |
| Alpari provides Copytrading opportunities and has a proprietary mobile trading app |
Frequently Asked Questions
Is Alpari regulated and by whom?
Yes, Alpari has Tier-3 regulations through the Financial Services Commission of Mauritius (FSC).
Is Alpari a fake or a scam broker?
No, Alpari is not a fake or scam broker. While its Tier-3 regulation is concerning, Alpari is overall a high trust, a low-risk broker with many positive reviews and client experiences.
Which trading platforms are supported by Alpari?
Alpari supports the following trading platforms:
- MetaTrader 4
- MetaTrader 5
- Alpari Mobile App
Does Alpari offer leverage and what is the maximum leverage ratio offered?
Yes, Alpari offers both fixed and floating leverage as follows:
- Forex Standard Account – floating from 1:1000
- Forex Micro Account – fixed at 1:400
- Forex ECN Account – floating from 1:1000
- Forex Pro Account – floating from 1:300
What is the overall rating for Alpari?
We give Alpari an overall rating of 9/10 based on its offering of trading accounts, high leverage ratios, MetaTrader trading platforms, tight and competitive spreads, customer support, instant deposits and withdrawals that do not have any minimum or maximum amounts.
However, Alpari only has Tier-3 regulation and there is a limited selection of tradable instruments. There is also no KES-denominated account and there is an inactivity fee and withdrawal fees charged.
Is Alpari suitable for both beginner and professional traders?
Yes, Alpari is a recommended broker that provides flexible trading solutions to all its clients. Beginners can expect a range of educational material while professional traders have several tools offered through the MetaTrader platforms.
Conclusion
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 any other factors?
Have you experienced any issues with Alpari such as difficulty withdrawing funds, inability to verify regulation, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
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.
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