Alpari licence record
Is Alpari regulated by the MISA?
Yes, according to our records. Alpari is matched to a licence from the Mwali International Services Authority (Comoros (Mohéli)). Confirm it on the register before relying on it.
What the MISA licence means
Our records show that, Alpari holds a licence from the Mwali International Services Authority (MISA), the financial regulator for Comoros (Mohéli). We classify the MISA as tier 4 — light / offshore. Light-touch offshore licensing, registration-only jurisdictions or self-regulatory dispute bodies. Minimal practical protection.
For Alpari clients whose account is held by its MISA-regulated entity, the key protections are: compensation — No compensation scheme; retail leverage — No statutory cap; negative balance protection — not a regulatory requirement (may be offered contractually); client money — Minimal. Disputes can be taken to None.
Alpari is also matched to licences from FSC (MU) and FSA (Seychelles). FSC (MU) is rated higher than the MISA in our methodology, so if you are eligible for that entity you may get stronger protection.
Protection at a glance
- Regulator tier
- Tier 4 — Light / offshore
- Compensation scheme
- No compensation scheme
- Retail leverage
- No statutory cap
- Negative balance protection
- Not a regulatory requirement
- Client money
- Minimal
- Complaints
- None
How to verify this licence
- Open Alpari's client agreement or website footer and note the exact company name and MISA licence number.
- Search that name or number on the official MISA register. Check the status is current, not cancelled or suspended.
- Confirm the website domain you're using (alpari.com) is the one listed on the register — clone firms copy genuine licence numbers.
- Search the MISA warnings page and IOSCO I-SCAN for the brand name.
Alpari's other licences
Frequently asked questions
Is Alpari regulated by the MISA?
Our database records Alpari as holding a licence from the Mwali International Services Authority. Confirm the current status on the MISA register: https://mwaliregistrar.com/list-of-entities
Does the MISA licence protect all Alpari clients?
No. It protects clients whose account is with the specific Alpari company licensed by the MISA. Clients onboarded to a different group entity are covered by that entity's regulator instead.
Is there a compensation scheme for Alpari clients under the MISA?
No compensation scheme
What leverage can Alpari offer under the MISA?
No statutory cap