Alpari
Alpari is a retail brokerage brand offering trading in the foreign exchange and contracts for difference. The brand was founded in 1998 in Kazan, Russia, by entrepreneur Andrey Dashin. The brand has operated in a number of jurisdictions under local entities. As of 2025, Alpari’s international services are provided by Parlance Trading Ltd, licensed by the Mwali International Services Authority on the Comoros island of Mohéli.
Alpari previously operated regulated subsidiaries in the United Kingdom and United States, both of which ceased activity in 2015, and a licensed entity in Russia whose Bank of Russia license was annulled in 2018 with effect from January 2019.
History
The business began in Kazan, Russia, in 1998 and expanded internationally in the early 2000s.United Kingdom (2004–2015)
Alpari Limited was authorised by the Financial Services Authority in 2006 and offered FX/CFD trading and, for UK residents, financial spread betting. In May 2010 the firm was fined £140,000 for anti-money-laundering systems and controls failings; its former MLRO was separately fined £14,000.On 15 January 2015 the Swiss National Bank removed its franc/euro cap, causing extreme FX volatility. The following day Alpari announced insolvency; on 19 January 2015 the English High Court appointed special administrators from KPMG under the Special administration|Special Administration Regime. At the time, Alpari was principal shirt sponsor of West Ham United F.C..
Alpari also operated a Cyprus office in 2010–2013; its Cyprus Investment Firm authorisation was voluntarily renounced in December 2012 and the office closed in early 2013.
Russia (2008–2019)
The Russian entity Alpari Forex LLC obtained a local Forex dealer licence after Russia introduced licensing for retail FX in 2016–2017. On 27 December 2018, the Bank of Russia announced it was annulling the licences of five FX dealers — including Alpari Forex — with effect from 27 January 2019, citing repeated violations of securities law.United States (2006–2015)
Alpari, LLC became a member of the National Futures Association in 2007. Its NFA membership was revoked in April 2015, ending its ability to operate in the United States.Corporate structure and jurisdictions
Alpari has operated using several entities over time. In November 2018, industry media reported that the Belize subsidiary was being closed with clients migrated to a Saint Vincent and the Grenadines entity.From 2020 the brand’s international operations were marketed alongside FXTM under the Exinity umbrella. In July 2025, industry outlets reported that the Alpari brand’s management had been separated from Exinity and placed with Parlance Trading Ltd, a Mohéli company; Alpari’s website lists Parlance Trading Ltd as the operating licence and provides a Mohéli address.