




In our three-tier Trust Score system, the strictest regulatory agencies and licenses are labeled Tier-1. That being said, not all regulator licenses carry the same weight. If your broker lacks regulation, and you are scammed in any way, you often have no recourse for recovering your funds. Unregulated brokers do not have to report to a governing body. Why should I care about regulatory licenses?ĭetermining the legitimacy of a forex broker (and avoiding forex scams) can be a real challenge. Trust Scores can vary from broker to broker (a "Highly Trusted" label means a broker is at the top of our scoring scale, and a "High Risk" label indicates a broker that's at the lowest end of our Trust Score scale), so it’s helpful to know where your broker stands in comparison to the rest of the industry.Ĭheck out our visual breakdown below to get an idea of how Alpari’s status as a High Risk broker compares to the average Trust Score label in our database of 60+ forex brokers. To get an idea of how Alpari stacks up against the industry average, check out our visual breakdown of the average number of Tier-1, Tier-2, and Tier-3 regulatory licenses held by brokers in the BrokerNotes database:Īlpari has a Trust Score of 67, compared to the industry average of 82, and considers Alpari to be High Risk. Regulatory licenses held by Alpari, compared to the industry averageĪlpari currently has 0 Tier-1 Licenses, 0 Tier-2 Licenses, and 1 Tier-3 Licenses. Trust Score is based on our independent research and powered by the extensive data we’ve collected on brokers and regulatory agencies across a wide range of regulatory environments, jurisidictions, and countries.
