FSC
No
0$
1:1000
MetaTrader 4 , MetaTrader 5
2.75/5
Alpari - Review

Alpari Video Review:

 

Alpari Broker Review

Alpari Broker Review

Founded in 1998, the Alpari brand is one of the better known forex brands in the retail forex trading industry. Operating as a group, Alpari is a leading forex broker that offers online forex trading services for hundreds of thousands of forex traders from all around the world and boasts of a monthly turnover of $200 billion. They are also recognized as an innovative broker providing traders with cutting edge trading solutions and have won numerous awards from international financial reviewers as recognition for their high quality services. For example in September 2014, they received the Golden Phoenix as the best forex broker in Russia.

                          

Trading Platforms

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For forex and CFDs trading platforms, Alpari offers 3 main types of trading platforms namely:

 

  • MetaTrader 4 (MT4)
  • MetaTrader 5 (MT5)
  • MT4 & MT5 trading apps for iOS and Android Devices

 

MT4 Platform

The most widely used trading platform in the online forex trading industry, the MT4 comes packed with a wide selection of trading tools designed to enhance one’s trading experience. There is also a comprehensive charting package integrated into the platform and the built-in programming language allows you to customize the trading platform with added functionalities.

 

MT5 Platform

The MT5 platform is the next generation forex trading platform that improves on the MT4 platform with a series of technical upgrades as well as a selection of newly added features.

 

Mobile Trading Apps

Designed for any smartphone or mobile device, these iOS and Android compatible trading apps ensures that you will never lose touch of the trading account wherever you go.

 

Account Types

Alpari offers traders 5 main types of trading accounts. These comprise of:

 

  • Nano MT4 Account
  • Standard MT4 Account
  • ECN MT4 Account
  • Pro ECN MT4 Account
  • PAMM Account

 

Nano MT4 Account

No minimum Deposit Requirement

Fixed Spreads

1:500 Leverage Ratio

Stopped Out Level 10%

0.01 Minimum Lot Size

50% Hedged Margin

 

Standard MT4 Account

Minimum Deposit of 100USD/EUR, 5000 RUR, 100 GLD

1:25 to 1:1000 Leverage Ratio

Floating Spread

Stopped Out Level 20%

0.01 Minimum Lot Size

50% Hedged Margin

 

ECN MT4 Account

Minimum Deposit of 300USD/EUR, 15000 RUR, 300 GLD

1:25 to 1:1000 Leverage Ratio

Floating Spread                                                                

Stopped Out Level 60%

0.01 Minimum Lot Size

50% Hedged Margin

 

Pro ECN MT4 Account

Minimum Deposit of 500USD/EUR, 30,000 RUR, 500 GLD

1:100 Leverage Ratio

Fixed Spread

Stopped Out Level 60%

0.01 Minimum Lot Size

50% Hedged Margin

ECN Commission $16 per $1,000,000 nominal value

 

PAMM Account

Pioneered by Alpari, PAMM (Percent Allocation Management Module) account is a service which permits investors to earn from forex trading without them having to trade on their own. The service also allows professional account mangers to earn additional income by managing these PAMM accounts. Investors can decide how much they want to invest and with whom they want to invest their money with. A professional trader can choose to become a PAMM accounts manager hence get to earn compensation for managing these accounts. Only a minimum deposit of $300 is required to get started on becoming a PAMM manager at Alpari.

 

Commission & Spreads

The spreads payable at Alpari depends on the type o trading accounts. Nevertheless, fixed spreads starts from a minimum of 2 pips (Nano MT4 Account). Minimum floating spreads varies from 0.1 pips (ECN MT4 Account) to 0.3 pips (Standard MT4 Account).  For Pro ECN MT4 account, the minimum floating spread starts from 0 pips.

 

Customer Support

Live Customer support at Alpari is only available from 5:00 to 16:00 GMT from Monday to Friday. To get in touch with the support team, traders can contact them through email, Skype, live chat or the telephone. For the convenience of non English speaking traders, Alpari has made their website available in 7 other major languages apart from English.

 

Analytics

Trading support at Alpari can be divided in 3 main categories:

 

  • Fundamental Analysis
  • Technical Analysis
  • Expert Analysis

 

Fundamental Analysis

Fundamental Analysis support at Alpari consists of the following below:

 

v  Event Calendar

v  Holiday Schedule

v  Macro Economic Indicators

v  News from Dow Jones

v  World Interest Rates

 

Technical Analysis

For technical analysis, Alpari support traders through:

 

v  Autochartist’s trading signals

v  Forecasts from Trading Central, a certified member of Asia IRP, Euro IRP and Investorside Research

 

Expert Analysis

As the expert analysis provided by Alpari, these analysis are complied in-house as well as from 3rd party providers. They include:

 

v  Alpari Financial Analysis

v  Daily Market Reviews (in-house)

v  Daily Reviews from Trading Central

 

Pros

  • Attractive Bonuses
  • Competitive Tight Spreads
  • Extensive Trading Support
  • Flexible Trading Accounts Requirements
  • Interest on Deposits
  • Professional Customer Support
  • Regular Promotional Offers
  • Regular Trading Competition
  • Regulated Broker
  • Robust Trading Platforms
  • Wide Range of Benefits

 

Cons

  • No Web based platform provided
  • Complicated Account Registration Process

 

Conclusion

Alpari has always made it a point to provide their traders with the best possible conditions for trading forex. Without a doubt, they have earned the reputation of being a reliable and trustworthy broker. For what we can see, they are always trying to improve the level of their services to a level that can be considered second to none.

 

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