Recalculated 2026-11-02 · Established 1998 · Parlance Trading Ltd
Alpari — South Africa
Alpari is rated 2.85 out of 5 by our formula (Rank #48 of 70) for traders in South Africa: round turn 3.5 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 3.5 USD against a 7 USD median here · you can open with 30 USD · it runs 3 trading platforms
Look elsewhere if it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- Parlance Trading Ltd
- Licence number
- T2023236
- Established
- 1998group
- Min deposit, USD
- 30 USDgeo
- Platforms
- MetaTrader 4 · MetaTrader 5 · Alpari mobile app
- Local funding
- No verified local ZAR instant-EFT rail at review
- Max leverage
- 3000geo
- EURUSD
- 0.3 pipsgeo
Accounts (4)
4 of 4 accounts with a published cost per lot
4 of 4 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| AlpariMicro | 30 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| AlpariStandard | 100 | 1.2advertised | Anyper standard lot | 12round turn, USD | — |
| AlpariECN | 300 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| AlpariPRO ECN | 500 | 0advertised | 5per standard lot | 5round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| Alpari | South Africa median | |
|---|---|---|
| Round turn, USD | 3.5 USD | 7.0 USD |
| Min deposit, USD | 30 USDgeo | 50.0 USD |
| Max leverage | 3000geo | 500.0geo |
| Withdrawal, h | 1 business daygroup | 24.0 h |
| EURUSD, standard | 0.3 pipsgeo | 1.0 pips |
| EURUSD, raw | 0.1 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Offshore Tier-3 (Comoros MISA); current FSCA FSP authorisation not verified at review - treat as offshore with no confirmed local protection or ODP licence.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Alpari.
- Who actually onboards you
- Parlance Trading Ltd
- Licence number
- T2023236
- Local licence
- no
- Checked
- 2026-07-09
Score (6/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:25.0% × 2.00+ 20.0% × 5.00+ 20.0% × 0.00+ 15.0% × 4.00+ 10.0% × 5.00+ 10.0% × 2.50= 2.85
Ranked against brokers measured on every axis
Licence check
- Licence number
- T2023236
- Checked
- 2026-07-09
Who actually onboards you
Parlance Trading Ltd
Offshore entity
South African clients are onboarded under the offshore operator Parlance Trading Ltd (Comoros Union / Mwali).
What each account gives you
Micro (from USD 30, MT4 only), Standard (USD 100), ECN (USD 300), Pro ECN (USD 500).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min deposit USD 30 (Micro); cards, wire transfer, FasaPay, Volet, crypto (BTC/ETH).
What the broker publishes about payouts
Trading software and asset classes (3)
MetaTrader 4 · MetaTrader 5 · Alpari mobile app
750+ instruments: forex, metals, indices, commodities, share CFDs and crypto CFDs.
Reviews
Trustpilot score sits at 3.8 out of 5 based on over 170 reviews
Where it wins, where it loses
Pros (2)
- Round turn 3.5 USD against a South Africa median of 7.0
- Withdrawal published at 1 business day
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
USA, Japan, Canada, Democratic Republic of Korea, European Union, United Kingdom, Myanmar, India, Azerbaijan, Syria, Sudan, Cuba
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (3)
3 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2alpari.comalpari.com · domainBroker
- Aggregators and directories
- 3tradersunion.com/brokers/forex/view/alpari/is-regulated-in-south-africatradersunion.com · pageAggregator
FAQ (5)
Does Alpari accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Alpari?
Parlance Trading Ltd
What licence does Alpari hold for South Africa?
Licence T2023236.
What does one EURUSD lot cost at Alpari?
3.5 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Alpari take?
Alpari publishes 1 business day. Their own wording: “processed within one business day”.