Alpari Review

Alpari Broker Summary

ALPARI FOREX BROKER DESCRIPTION

Alpari Broker is a leading Forex broker with clients across 150 countries. The broker is a member of The Financial Commission with its HQ in Russia. Alpari is a credible and trusted broker that is very competitive in terms of its trading fees and feature. Below are quick links to the main sections of this Alpari review which we feel will be helpful to help you navigate easily.

Introduction

This section covers everything about Alpari Broker’s supported countries, their customer service rating, trading platform, and trading accounts. This section provides the following information in this Alpari review.

-Supported Countries

-Customer Service Rating

-Platform Accessibility

-Accounts types

Trading Fees

This section covers all the trading information you need to start trading with Alpari broker, it provides the following information:

-Tradable Instrument

-Alpari Leverage

-Deposit & Withdrawal

-Trading Education

Company Structure

This section covers what all to know about the broker’s regulations and customer protection.

-Licenses and Regulation Compliance

-Customer Protection

FAQs

Covers all the commonly asked questions about this broker

Conclusion

ALPARI FOREX BROKER: KEY CHARACTERISTICS

Supported Countries

Alpari trading services are available in over 150 countries, making it a global player in the trading industry. The Broker welcomes traders from Ukraine, Russian Federation, Belarus, Kazakhstan, Uzbekistan, Vietnam, Georgia, Iran, Turkey, Germany, Bahamas, Nigeria, and many more countries.

However, it's important to note that Alpari Limited does not provide services to residents of certain countries. These include:

- USA

- Japan

- Canada

- Australia

- Democratic Republic of Korea

- European Union

- United Kingdom

- Syri

- Sudan

- Cuba

Customer Service Rating

According to Trustpilot, a popular review site, Alpari International has received over 20 reviews. Unfortunately, their score isn't great; only 1.8 stars out of a possible 5.

Alpari reviews complained about poor support service and difficulties withdrawing funds. Some have even accused the platform of fraud and having outrageous spreads on certain instruments.

Others have experienced requotes after a few successful trades, large spreads, and open deals at the wrong time. It's important to note that some of these complaints were left in recent years, so it's not just a matter of outdated information. Also, several Alpari International reviews seem to corroborate this information.

Alpari Trading Platforms

Alpari International has advanced trading platforms that offer rich functionality, ease of use, and reliability.

MetaTrader 4 (MT4)

MT4 is one of the most popular trading platforms in the world and is supported on both web-based platforms and mobile devices, making it extremely comfortable for any trader to trade on the go. With advanced, user-friendly features, Alpari MT4 broker allows access to all major trading instruments and supports multi-currencies and language support. You can also use automated trading with expert advisors, giving you a hands-free trading experience.

MetaTrader 5 (MT5)

For those looking for something more, Alpari Broker also offers MetaTrader 5 (MT5), the new generation of MT platform with more types of orders and instruments for better market analysis and improved functionality. Alpari MT5 comes with MQL5 trading signals, 21 timeframes, 38 technical indicators, 4 execution modes, and thorough Netting, hedging, and market depth, allowing traders to work more efficiently regardless of the device or version used.

Alpari Mobile

This app has all the basic functionality of myAlpari. Traders can top up their accounts at the tap of a button. As a trader, you can also access all the tools you need, including expert Alpari reviews, live exchange-rate, interest-rate quotes, an economic calendar, and much more. Plus, with the Alpari Invest mobile application, you can manage all your investments from a single location and quickly react to trend reversals in the financial market.

Alpari Fix-Contracts

This Alpari trading platform is for trading Fix-Contracts. It's simple yet effective, with a user-friendly interface that allows you to make trades using just two buttons. The majority of the functionality of the Fix-ContractsTrader platform is available in the Alpari Fix-Contracts app. Plus, with the online version of the platform, you can trade Fix-Contracts directly from any device.

Type of Alpari Trading Accounts

Alpari International offers its clients a variety of trading account types to suit their unique trading styles and experience levels. In addition to the standard demo account, the Broker provides six different account types that use real money. Let's take a closer look at each one.

Forex Standard Account

This is a great choice for intermediate traders. It provides a user-friendly and safe trading environment with floating leverage up to 1:1000 and no commission charges. With a minimum deposit of just $100, traders can start executing trades with narrow spreads from 1.2 pips on popular currency pairs.

Forex Micro Account

This is an ideal option for beginner traders. This Alpari trading account operates like a traditional account but allows traders to execute trades in cents. It's perfect for testing trading strategies or practicing trading skills. With a minimum deposit of only $5, beginner traders can start trading with floating leverage up to 1:400 and narrow spreads from 1.7 pips.

Forex ECN Account

This is tailored towards Advanced traders looking for a more immersive trading experience. This account offers flexible, transparent, and efficient trading conditions with floating leverage up to 1:1000. Traders receive the best bid/ask prices from trusted liquidity providers, allowing for more efficient trades. With a minimum deposit of $500 and commission charges of $1.5 per lot per side, traders can expect narrow spreads from 0.4 pips.

Forex Pro Account

This Alpari trading account is for professional investors, active traders, and hedge fund managers. It offers the best liquidity, faster trade execution speeds, and the tightest spreads imaginable. With floating leverage up to 1:300 and no commission charges, this account maximizes the trading strategy of experienced traders who know what they want from their trading accounts. The minimum Deposit for this account is $25,000.

Trading Denominations on Alpari

Alpari provides four base currencies:

- USD

- GBP

- NGN

- EUR

This means that you can select the currency that is most convenient for you and start trading without any fuss.

TRADING INFORMATION

One of the things that make Alpari International stand out is the acceptable trading conditions they offer.

To start trading with Alpari Forex International, you only need to deposit $100, your initial capital, in executing trades. The broker does not charge any commissions, and the maximum leverage stands at 1:1000. The narrow spreads from 0 pips are a testament to the company's commitment to providing excellent trading conditions.

If you prefer to trade with MetaTrader 5, an upgraded version of MetaTrader 4 developed specifically for trading CFD and Forex, Alpari International has got you covered. On the other hand, MT5 was built to facilitate the trading of Futures, Algorithmic Trading, Futures, Stocks, Indices, and ETFs. The average overnight fees traders can expect on, for instance, EUR/USD, is -0.06 pips on a short position and -0.61 on a long position.

The commissions that Alpari International charges are a flat fee of $1.5 on the ECN Account on MetaTrader and MetaTrader 5. These commissions are charged per lot, per side, meaning traders will pay $3 per round turn.

Alpari International only offers variable spreads according, and traders can expect average spreads from:

Standard Account (MetaTrader 4) – 1.2 pips EUR/USD

Forex Micro Account (MetaTrader 4) – 1.7 pips EUR/USD

Forex ECN Account (Only on MetaTrader 4) – 0.4 pips EUR/USD

Forex Pro Account (Only on MetaTrader 4) – 0.4 pips EUR/USD

Alpari offers a feature called CopyTrade, which is perfect for new investors who want to enter the crypto markets without prior knowledge or research. This type of trading account will copy all the moves of the professional traders known as Strategy Managers.

The process is automatic and does not require any action from the user, as the account automatically copies the trades. New Alpari users can start Copy Trading for as little as $100 and have complete control over choosing the Strategy Managers and the amount they want to invest.

Tradable Instruments

Alpari International understands that every trader is unique, so Alpari broker provides a wide range of trading instruments to suit your preferences.

Forex

Spot Metals

Commodities

Stock Trading

Indices

Cryptocurrencies

Alpari Leverage

Alpari offers floating leverage of up to 1:1000 on its Standard account. However, each account type has different leverages based on the instrument traded. The Micro account offers fixed leverage of 1:400, while the ECN and Pro accounts offer floating leverage from 1:1000 and 1:300, respectively. With these leverage options, clients have the potential to maximize their profits while trading.

Deposits and Withdrawals

Alpari Forex International values its traders and understands that depositing funds into your trading account should be seamless and hassle-free. That's why the broker has made depositing and withdrawing funds easy for its clients.

Deposits

Alpari broker offers a variety of deposit methods to cater to traders from different parts of the world. The broker does not charge any deposit fees, and you can fund your trading account through multiple platforms, including Bank transfer, Debit/Credit card, China UnionPay, Neteller, and others.

Withdrawals

Regarding withdrawing funds from your trading account, Alpari International charges a withdrawal fee based on the withdrawal method selected. The Broker offers several withdrawal options to cater to traders' needs.

HOW TO OPEN AN ACCOUNT WITH ALPARI

While many Alpari reviews claim the platform has a bulky account opening process, it has since significantly improved its account opening process, making it a breeze for traders to get started on their platform. The account opening procedure takes less than a couple of minutes, and numerous reviewers praise the seamless experience.

- To open a trading account, visit Alpari International's website and click on the ""Register"" button in the top right corner.

- You will then be directed to a registration form where you provide basic personal details, such as your name, email address, and phone number.

- After completing the form, verify your email address by clicking on the verification link sent by Alpari International to your inbox.

- Upon email verification, access the ""myAlpari"" dashboard to upload identity documents, including a valid government-issued ID and proof of address, for verification purposes.

- Once your account is verified, you can log in and fund it with the minimum deposit required for your chosen account type.

With Alpari's user-friendly account opening process, traders can easily join their platform and kickstart their forex trading journey.

COMPANY STRUCTURE

Alpari Broker comes with over 20 years of experience in financial markets. This globally recognized Broker has built a solid reputation as a trusted partner for both beginner and professional traders.

Alpari fully complies with anti-money laundering procedures, ensuring a safe, fair, and transparent trading environment for all users. With more than 2 million registered users across 8 global locations, Alpari International offers access to over 250 financial instruments, giving traders the flexibility to diversify their portfolios and maximize their returns.

More importantly, Alpari has amassed some recognition in its years of existence. In 2021, the broker was named "Best Forex Broker" at the Forex Expo Dubai, and in 2022, it won the same award at the Smart Vision Investment Expo in Egypt.

Alpari Forex Licenses and Regulatory Compliance

Alpari International has all the proper licenses to prove its legitimacy, allowing it to run operations in various territories where it has offices. Among the licenses that Alpari has in its possession is a valid license from the Financial Services Authority, the regulatory body in St. Vincent and the Grenadines, and a valid license from the International Financial Services Commission of Belize.

IFSC (Belize) license №IFSC/60/301/TS/17

FSA (Saint Vincent and the Grenadines) license №20389 IBC 2012

Moreover, Alpari is a member of the Financial Commission, a body that helps to solve financial disputes. The company has put up necessary measures to secure clients' funds.

Alpari Customer Protection

Alpari International takes the protection of its clients' funds seriously. As a member of the Financial Services Commission (FSC), the system resolves all external disputes. Alpari Broker is regulated under category A, which includes coverage of €20,000 for complaints.

Another important measure is the use of segregated bank accounts. This means that clients' funds are kept safe and secure, even if the company experiences financial difficulties. In addition to segregating clients' funds, Alpari Broker partners with credible banks to keep clients' funds safe.

Alpari International also uses modern encryption technology to prevent unauthorized access to clients' funds through technical gaps. Finally, Alpari Forex International offers transparent trading conditions. The company provides clients with clear, concise information about trading policies, procedures, and fees.

Customer Service

Alpari Broker provides support in several languages, including English, Chinese, Russian, Indonesian, Arabic, Spanish, and Hindi. You can contact them through various channels, including phone (+44 2045 771951), live chat, or email. If you have any questions, their support team is quick to respond and always happy to help.

In addition to their responsive customer support, Alpari International provides a list of frequently asked questions (FAQs) on their website. They also offer a direct option to submit a query to their support team or contact support via Facebook, Telegram, WhatsApp, and others.

FAQs

Does Alpari Work in the USA?

No, USA residents cannot use Alpari Broker at the moment because of local restrictions. This Alpari international review discovered that Alpari International, due to regulations, doesn’t provide services to some countries, including the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Russia, Ukraine, Quebec, Iraq, Syria, Cuba, European Union, and the United Kingdom.

*Regional restrictions: Alpari International does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Iran, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus, Russia, Ukraine, Quebec, Iraq, Syria, Cuba, European Union and United Kingdom.

How Much Is the Minimum Deposit for Alpari Broker?

The minimum deposit requirement is the smallest amount you can deposit in your Alpari broker account. Fortunately, Alpari has a low barrier minimum deposit requirement. A minimum deposit of five dollars, pounds or euros is all that's needed to open a Micro Account and start trading in the live markets.

*minimum deposit of five dollars, pounds or euros is all that's needed to open a Micro Account and start trading in the live markets.

Is Alpari Forex Legit?

Alpari International is a credible, trusted broker and has established itself as a formidable player in the forex industry, particularly in terms of its highly competitive trading fees. Although its reputation may have faced challenges in the past, the company has made significant strides to address and resolve most of the widespread complaints. Our comprehensive Alpari review shows that this broker is a secure and trustworthy choice for traders seeking a versatile platform, regardless of their skill levels.

How Much Is Alpari Spread?

Alpari Forex offers its clients variable spreads depending on the account opened. Spreads for a Standard Account starts from 1.2, while the Micro Account Has a Spread starting from 1.7.

How Much Are Trading Fees on Alpari?

Several Alpari International reviews show that the commission charged may vary depending on the type of account a trader opts for. Regardless, the broker fixes its commission at $4, ensuring traders know exactly what to expect. This fee is divided into $2 when clients open a position and $2 when they close it.

CONCLUSION

Alpari International is a reputable and reliable broker that provides traders with a comprehensive suite of trading instruments, competitive trading conditions, and excellent customer service. Multiple reputable financial authorities regulate this Broker, and safety mechanisms are in place to protect customers' funds. Multiple trading instruments exist, including Forex, Spot Metals, Commodities, Stock Trading, Indices, and Cryptocurrencies. The Alpari review discovered that the broker provides leverage of up to 1:1000, but the leverage varies depending on the account type and trading instrument. Alpari doesn't charge any deposit fees, and several payment options are available for easy and convenient deposits and withdrawals. The Broker offers customer support in multiple languages, and its website has a range of educational tools to help traders improve their trading skills.