Alpari Review
Alpari, founded in 1998, is a leading online Forex, Spot metal, stocks and CFD broker that offers traders a wide range of quality trading services. First started as a small provincial outfit, Alpari today has grown into one of the largest brands in the online trading industry. The broker owes its success to the dedication and devotion that it has shown to its one million clients plus that have signed up for it. Today, Alpari is continuing to develop and innovate to ensure that their clients can trade the financial markets in the best possible condition. Registered in Belize and on the islands of Saint Vincent and the Grenadines, Alpari is regulated by the Belize International Financial Services Commission and the Financial Services Authority of Saint Vincent and the Grenadines. The broker is also a member of the Financial Commission, an international dispute resolution organization for the forex trading industry.
Contents
Alpari Video Review
VIDEO
Alpari Regulations
Working with a regulated broker offers traders a recourse should the firm become insolvent. It also means that the broker must retain high levels of transparency and funding in all of their dealings. Plus they must keep traders funds in segregated bank accounts to protect the traders from their exposure levels.
Alpari is an international firm which falls under the regulatory purview of two separate regulators:
Belize International Financial Services Commission license no. 20389 IBC 2012
Financial Services Authority of Saint Vincent and the Grenadines under license no. IFSC/60/301/TS/17.
Alpari Reliability
Operational for nearly 2 decades, Alpari has over the years earned a reputation as a reliable broker – one that acts with honesty and transparency. Regulated in multiple jurisdictions, the broker complies with all international laws and maintained their operations to the industry standard. In recognition of Alpari’s achievements and contributions to the online forex trading industry, the broker has received numerous awards for industrial expertise over the years. For example, in 2016 Alpari won FXEmpire’s award for the most innovative broker. In 2013, Alpari was named “Best Broker in Europe 2013 ” and “Best Broker in Russia and CIS 2013” by International Finance Magazine.
In addition to their outstanding performance, as mentioned earlier Alpari is able to reassure their traders that it is not a scam by being regulated in two different jurisdictions, which is the Belize International Financial Services Commission and the Financial Services Authority of Saint Vincent and the Grenadines. This means that Alpari’s operations are in compliance with international legislation. With more than a million registered accounts, Alpari has proven that it has won the trust of traders from all over the world.
Alpari has provided their traders with 2 main types of trading platforms, the MetaTrader 4 (MT4) platform, and the MetaTrader 5 platform.
MetaTrader 4 (MT4) Platform
The most widely used trading platform by the online forex trading industry, the MT4 is a user-friendly trading platform that comes with a wide range of integrated trading tools. It also has a comprehensive charting package which forex traders can use to further enhance their market analysis. There are also numerous technical indicators which a trader can overlay over his trading charts. The MT4 has a built-in MQL4 programming language editor which computer-savvy traders can use to create their own indicators and expert advisors for automated trading.
MetaTrader 5 Platform
The MetaTrader 5 trading platform is a newer platform that is built upon the success of the MT4 platform. It comes with several new features and upgrades over the MT4 platform. These upgrades include:
21 timeframes for the chart
Backtesting capability
Extended library of free ready to use Expert Advisors (EAs), scripts and indicators
Improved user interface
Integrated with more than 75 analytical tools
Integrated MQL 5 programming language
Mobile Traders
To cater for traders who are constantly on the move, all the above-mentioned trading platforms are also supported by mobile trading apps. This means that traders can download the mobile trading apps from Google Play Store or Apple App store to their Android or iOS-powered smartphones and trade the financial markets directly from their phones.
Alpari Account Types
Alpari’s trading account types are categorized into two main categories, Independent trading and Fund Management.
Independent Trading Accounts
For independent trading, there are 6 different types of trading accounts to choose from.
MT4
Minimum Deposit: 0 cents
Instruments: 44 Fx pairs + 2 spot Metals
Leverage: 1:500
Fixed Spreads
MT4
Minimum Deposit: $100
Instruments: 44 Fx pairs + 2 spot Metals
Leverage: 1:1000
Floating Spreads
MT5
Minimum Deposit: $100
Instruments: 44 Fx pairs + 2 spot Metals
Leverage: 1:100
Floating Spreads
MT4
Minimum Deposit: $300
Instruments: 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Leverage: 1:1000
Floating Spreads
ECN.MT4
Minimum Deposit: $500
Instruments: 44 Fx pairs, 2 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Leverage: 1:500
Floating Spreads
MT5
Minimum Deposit: $500
Instruments: 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Leverage: 1:100
Floating Spreads
Fund Management Accounts
For traders who manage trading accounts for their clients, there are 5 different types of trading accounts to choose from:
Standard.MT4
Minimum Capital: $300 for Public Account and $100 for Private Account
Minimum Investment: $10
Leverage: 1:500
Instruments: 44 Fx pairs + 2 spot metals
Execution: Instant
Standard.MT5
Minimum Capital: $300 for Public Account and $100 for Private Account
Minimum Investment: $10
Leverage: 1:100
Instruments: 44 Fx pairs + 2 spot metals
Execution: Instant
ECN.MT4
Minimum Capital: $300
Minimum Investment: $10
Leverage: 1:500
Instruments: 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Execution: Market
Pro.ECN.MT4
Minimum Capital: $500
Minimum Investment: $10
Leverage: 1:500
Instruments: 44 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Execution: Market
ECN.MT5
Minimum Capital: $500
Minimum Investment: $10
Leverage: 1:100
Instruments: 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
Execution: Market
Alpari Cryptocurrencies Trading
With its new cryptocurrency based portfolio called Crypto Capital, traders at Alpari can now get involved in trading Bitcoin against the U.S dollar or Euro through a contract for differences (CFDs). By trading cryptocurrency with CFDs at Alpari, Bitcoin investors can benefit from the price movements of the cryptocurrency while insulating themselves from the more adverse effects of the cryptocurrency high volatility. This is due to the fact that with cryptocurrency CFDs, you are trading on a derivative rather than the actual Bitcoin itself. This means that the cost of investment is much lower.
Another benefit of trading a cryptocurrency such as Bitcoin with CFDs is the fact that you can leverage your position with the leverage facilities offered by Alpari. Alpari offers leverage up to as high as 1:100. With the high price of Bitcoin, such leveraging goes a long way towards stretching your limited investment capital. By offering Crypto trading to its clients, Alpari recognizes the importance of this new market as well as giving their clients the chance to profit from this growing market.
Alpari Commissions and Spreads
At Alpari, there is no commission payable on any trade made by traders. Instead, traders are required to pay a slightly widened spread on the trades that they make. These spreads will depend on the type of instruments traded as well as on the type of trading account used to trade the markets. For individual trading, the minimum spread of each type of trading accounts is as follows:
MT4 = from 2pips (fixed)
MT4 = from 0.3 pips
MT5 = from 0.3 pips
MT4 = from 0.1 pips
ECN.MT4 = from 0 pips
MT5 = from 0 pips
Below is sample list of the type of spreads that are available at Alpari:
Instrument
Spreads (in pips)
XAG/USD Spot Silver 5 pips
XAU/USD Spot Gold 30 pips
BRN CFD 1 Pip
NG CFD 0 pip
WTI CFD 1 pip
FTSE100 CFD 1 pip
SPX500 CFD 0 pip
EUR/USD 0 pip
EUR/RUB 10 pip
XPTUSD Spot Platinium 1.8 pip
Alpari Deposits and Withdrawals Options
There are 4 main types of fund transfer method which traders can use for both deposits and withdrawals at Alpari. They consist of Bank wire transfer, Credit card transfers, eWallet transfer and Internal transfer.
For bank wires transfers, these are executed through AS Expobank, Ameriabank.
Supported cards include VISA, China Union Pay and One Click Payment.
Available eWallet options at Alpari include Skrill, NETELLER, WebMoney, BAOKIM.VN and FasaPay.
Internal transfers are basically the transfer of funds between different accounts in Alpari.
To reward their loyal traders, Alpari regularly has several loyalty programs and promotional programs running . Basically, the promotional and reward programs can be divided into 4 categories, Cashback program, premium client status, special offers and trading competition.
Cashback Program
With the Cashback program, traders will receive points on their trading activities. These points can be accumulated and redeemed to get back money spent on trading fees.
Premium Client Status
When a trader is awarded the premium client status, he will gain access to additional benefits above and beyond what normal traders will receive at Alpari. For example, a premium trader can receive 100% compensation for transfer commission. He will also be able to trade without limits.
Trading Competitions
Alpari also conducts trading competitions on a regular basis which traders can join to apply their trading skills while at the same time get the chance to earn attractive cash prizes.
Alpari Customer Support
For the benefit of their non-English traders, Alpari has made their website available in 10 other major languages. The supported languages include Arabic, Farsi, Hindi, Chinese, Vietnamese, Portuguese, Spanish, Russian, Bahasa Indonesian and Bahasa Malaysia. For assistance from the customer support staffs, traders at Alpari can contact the support team through email, live chat, telephone, Skype, and Viber. The support hours depends on the type of support that the trader is looking for. If it is technical support, then the support is available 24/7. For client support, the operational hours are from 6:00–19:00 GMT, Mon–Fri.
Alpari Pros and Cons
Pros
Multiple Choices of Trading Platforms
Several Types of Trading Accounts
24/7 Technical Support
Competitive Spreads
Generous promotional offers Numerous Trading Competitions
Cons
No Localized Telephone support
Multilingual support not available
Alpari Q&A
Yes. They are regulated in Belize by the Belize International Financial Services Commission under license no. 20389 IBC 2012 and by the Financial Services Authority of Saint Vincent and the Grenadines under license no. IFSC/60/301/TS/17 .
How safe is Alpari? Is Alpari a scam?
As a regulated broker, Alpari follows strict regulatory requirements designed to protect the interest of traders. These include anti-fraud measures such as KYC protocol (Know Your Customer), segregated client accounts, encryption software to protect clients personal and bank details.
Alpari’s operational base is located at 17 Ensign House, Admirals Way, Canary Wharf, London, United Kingdom. They also have registered offices in both Belize and Saint Vincent and the Grenadines.
How does Alpari make money?
Like all Brokers, Alpari earns money by charging a spread rather than a commission. This is a difference in the buy and sells price of each trade. As an example you may buy the EUR/USD at 1.0968 you would sell it at 1.0970. This equates to a 2 pip spread and this is the way the broker makes its money.
How to deposit in Alpari account?
Funds can be deposited at Alpari through bank wire transfer, credit/debit cards, eWallets and from other accounts at Alpari. Once you have opened an account you can deposit straight away or you can wait till later to deposit. If you are trading with a demo account you can deposit at any time you feel ready.
How to withdraw money from Alpari?
Withdrawal of funds is usually done through the same method of the initial deposit of funds. For example, if a trader deposits $500 into his trading account using his credit card, then the fund withdrawn will also be done through his credit card up to the amount deposited.
How to open an account with Alpari?
To open an account at Alpari, a trader has to fill out a registration form like the one shown below. After completing the form, he merely needs to submit the form along with copies of the required document for verification.
Yes. Alpari has earned a reputation for being a reliable broker. It has also won numerous awards bearing testimonial to its reliability including FXEmpire’s most innovative broker of 2016.
Does Alpari use MetaTrader?
Yes. Alpari uses both MetaTrader 4 and MetaTrader 5. These are available as download or as a webtrader which requires no download and also through mobile
What is Alpari’s leverage?
Alpari’s maximum leverage ratio is 1:1000.
Conclusion
Alpari, with their long operational history, has definitely earned the trust of the online trading community. The wide range of products and services which they offer their traders ensures that no one is left out. Whether you are a beginner trader or an experienced trader, Alpari will definitely be able to meet all your trading needs.
