The safety dossier

Home / Reviews / Alpari / Regulation

Alpari regulation: what happens if the firm fails

The licence is what decides where your money sits and who is obliged to do something about it. Here is who licenses Alpari and what the protections are.

Facts last checked . Read the full Alpari review.

Regulation and safety

Regulated by
Mwali International Services Authority (MISA), T2023236
Regulator tier
Tier 3
Register entry
MISA International Brokerage and Clearing Company register
Client money segregated
Yes
Held at
Regulated banking institutions
Negative balance protection
Yes
Compensation scheme
No statutory investor compensation scheme
Audited by
Independent external auditor
Not available to
United States, Japan, Canada, Australia, North Korea, European Union, United Kingdom, Syria, Sudan, Cuba

What this means

The licence is what decides where your money sits and who is obliged to do something about it.

Alpari lists its regulation as Mwali International Services Authority (MISA), T2023236.

Client money is held separately from the firm's own money, at Regulated banking institutions. That separation is what makes your balance recoverable if the company fails, rather than part of the pool its creditors divide up.

Negative balance protection applies, so a losing position cannot take the account below zero and leave you owing the broker money.

Covered by No statutory investor compensation scheme, which pays eligible clients up to its limit if the firm fails owing client money.

Questions about Alpari regulation

Is client money segregated at Alpari?

Yes. Alpari holds client money separately from its own funds, at Regulated banking institutions.

Does Alpari offer negative balance protection?

Yes. Alpari offers negative balance protection, so a losing position cannot leave you owing the broker more than your account held.

Is there a compensation scheme at Alpari?

Alpari's compensation scheme is recorded as: No statutory investor compensation scheme. A scheme covers the broker failing, not losses on your trades.

Regulation at brokers under the same regulator

More about Alpari