Alpari International ReviewLaunched in 1998, the Alpari brand is without a doubt one of the oldest of the industry. In line with that, one would expect the online brokerage to be a trading heavyweight with outstanding reputation as well.
Unfortunately, that is not the case. The reputation of the brokerage is mixed at best and its regulatory standing is something of a disappointment.
While some of the traders who have bothered to provide feedback have actually praised the operation, there are quite a few complainers as well. Exactly how reliable these accounts of alleged fraud are however, is an unknown variable.
Most of the complaints go above and beyond the usual medley of stop-loss hunting and spread manipulation. Slighted parties claim they have been refused withdrawal requests. Some say they have even had their principal “stolen” by the broker. Again, how reliable these accounts are unknown.
Alpari.org is not currently licensed and regulated in any of the major financial hubs linked to Australia, the UK or the EEA. Instead, it has picked up a license from the Financial Services Commission of the Republic of Mauritius.
Obviously, this jurisdiction is not exactly a prestigious and confidence-inspiring one. However, the number of years the broker has been around balances this out.
The company behind the Alpari International brand is a certain Exinity Limited, which is based and registered in Mauritius. The actual address of the broker is 11th Floor, Maeva Tower, Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius.
The Investment Dealer License awarded to Exinity bears the number C113012295.
The way the broker processes credit card transactions is quite spectacularly convoluted. Al Accept Solutions Ltd, based and registered in the UK, is the main processor. The broker also makes use of the services of FT Global Services Ltd, a company based in Cyprus.
While its credit card processors are indeed located in EEA regulated jurisdictions, Exinity itself is not.Linkback: https://www.forex.zone/misc-broker-discussion/18/alpari-broker-reviews/1826/