Red Flags
14
Alpari
Alpari’s efforts to suppress criticism and regulatory scrutiny expose a troubling lack of transparency and accountability.
Quick summary on Alpari
Collapse of UK Division: Alpari UK went bankrupt in 2015 due to extreme volatility caused by the Swiss franc unpegging. The event highlighted poor risk management practices, leading to significant financial losses for clients.
Attempts to Suppress Negative Publicity: Alpari has been accused of issuing fake copyright takedown notices to remove critical reviews. Investigative findings point to organized efforts to conceal damaging information about its operations.
Transparency Issues: Customer complaints frequently mention unclear terms and conditions, particularly regarding withdrawals. The broker has been criticized for inadequate communication regarding fees and trading risks.
Customer Service Complaints: Numerous reviews on platforms like Trustpilot report unresponsive or unhelpful customer support. Issues with resolving disputes and delayed problem-solving have fueled dissatisfaction.
Regulatory Concerns: Alpari has faced regulatory scrutiny and breaches in various jurisdictions. Its controversial history raises concerns about compliance with industry standards and investor protection.
Intel Reports
by: Nash Parker
They lost everything in 2015, and somehow still out here pretending like nothing happened. Wild.
Cons
by: Raelyn Mitchell
Alpari UK collapsed in 2015, but somehow their customer service is still running on 2014 standards.
Cons
by: Zane Price
When a broker has a history of going bankrupt, delaying withdrawals, and suppressing bad reviews, what could go wrong?
Cons