Alpari Review

  • Regulated by: ISFC (Belize), FSA
  • Headquarters: Russian Federation
Website : Alpari.com
Established : 1998
Country : Russian Federation
U.S. Clients Allowed : No

Alpari forex broker is one of the top online brokers dealing in FX, stocks, CFDs and spot metals. The broker come into being in 1998, and is one of the veterans in the industry. Alpari first started as a small provincial unit and over the years rose to its current stature, thanks to the perseverance and dedication it has shown toward its clientele of more than a million accounts.  The firm continues to provide its traders with innovative solutions for their trading needs. As the broker is located on the islands of Saint Vincent & the Grenadines and in Belize, it is regulated by Financial Services Authority of Saint Vincent and the Grenadines and Belize International Financial Services Commission. Alpari Forex broker is also a member of the Financial Commission which is a global dispute resolution authority in the forex trading industry.

Alpari Regulations

Alpari Forex Trading Firm is a regulated broker; this provides the client with a safety net should the broker become insolvent. As per the regulations, the firm is required to maintain utmost level of transparency in all their operations and funding. The broker must also maintain separate accounts to hold company & client’s funds in tier I banks.

The broker is regulated with the following authorities

  • With Belize International Financial Services Commission under the registration number 20389 IBC 2012
  • With Financial Services Authority of Saint Vincent and the Grenadines under the authorised registration number IFSC/60/301/TS/17

Alpari Reliability

Alpari has earned its reputation as a trusted broker with over two decades of scam–free, transparent operational history under its belt. The broker makes sure it maintains the utmost level of operational standards in compliance with the international laws and regulations put forth by the regulatory authorities. The broker has earned numerous accolades and recognitions which is testament of the quality of services that the broker provides. Listed below are some of the rewards the firm as won over the years:

  • FXEmpire’s award for most innovative broker in 2016
  • Best Broker in Europe and Best Broker in Russia and CIS by International Finance Magazine in 2013

Alpari Trading Platforms

alpari-platform

The broker provides their clients with 2 major types of trading platforms – the MetaTrader 4 (MT4) platform, and the MetaTrader 5 platform.

MetaTrader 4 (MT4) Platform

It’s a well – known platform, used by many traders and brokers. It is comprehensive software that provides a robust view of the market with an access to more than 300 instruments. You can check its main feature here:

MetaTrader 5 Platform

Keep up with the trends and for traders who need advanced trading platforms, Admiral Markets also provide MT5 Trading platform. It is developed by the same firm that developed MT4 and comes equipped with brand new and enhanced features over its predecessors.

Mobile Traders

MT4 & MT5 is also available as a mobile app version for the traders who like to trade on the go. It comes free of charge and is available on IOS and Andriod devices and can be downloaded from Google Play & Apple Store. Although it lacks some features as compared to its desktop or web version, it does allow you to check your account and trade while you’re away from your desktop.

Account Types

How to trade forex with Alpari? There are two main account classifications at Alpari’s – Independent Trading and Fund Management.

Under the independent Trading accounts it offers the following options:

MT4

  • It has a Minimum Deposit of 0 cents
  • Instruments offered are 44 Fx pairs + 2 spot Metals
  • The Leverage is 1:500
  • It has Fixed Spreads

MT4

  • It has a Minimum Deposit of $100
  • Instruments offered are 44 Fx pairs + 2 spot Metals
  • The Leverage is 1:1000
  • It has Floating Spreads

MT5

  • It has a Minimum Deposit of $100
  • Instruments offered are 44 Fx pairs + 2 spot Metals
  • The Leverage is 1:100
  • It has Floating Spreads

MT4

  • It has a Minimum Deposit of $300
  • Instruments offered are 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Leverage is 1:1000
  • It has Floating Spreads

ECN.MT4

  • It has a Minimum Deposit of $500
  • Instruments offered are 44 Fx pairs, 2 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Leverage is 1:500
  • It has Floating Spreads

MT5

  • It has a Minimum Deposit of $500
  • Instruments offered are 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Leverage is 1:100
  • It has Floating Spreads

Fund Management Accounts

For the institutional traders, there are 5 different types of trading accounts available to trade with:

Standard.MT4

  • It has a Minimum Capital of $300 for Public Account and $100 for Private Account
  • The Minimum Investment is $10
  • The Leverage is 1:500
  • Instruments offered are 44 Fx pairs + 2 spot metals
  • The Execution is Instant

Standard.MT5

  • It has a Minimum Capital of $300 for Public Account and $100 for Private Account
  • The Minimum Investment is $10
  • The Leverage is 1:100
  • Instruments offered are 44 Fx pairs + 2 spot metals
  • The Execution is Instant

ECN.MT4

  • It has a Minimum Capital of $300
  • The Minimum Investment is $10
  • The Leverage is 1:500
  • Instruments offered are 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Execution is Market Standard

Pro.ECN.MT4

  • It has a Minimum Capital of $500
  • The Minimum Investment is $10
  • The Leverage is 1:500
  • Instruments offered are 44 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Execution is Market Standard

ECN.MT5

  • It has a Minimum Capital of $500
  • The Minimum Investment is $10
  • The Leverage is 1:100
  • Instruments offered are 48 Fx pairs, 12 spot Metals, 3 Commodity CFDs, 10 Index CFDs
  • The Execution is Market Standard

Cryptocurrencies Trading

Equipped with its recent Crypto Capital (cryptocurrency portfolio), the traders now have an option to trade in Bitcoin against dollar or Euro via CFDs. The advantage of trading in CFDs is, that the traders can benefit from the price movements of cryptos and yet be shielded from the adverse effects due to the high volatility of cryptos. This is due to the fact that when one trades with CFDs, you are trading on a derivative than the actual assets, which means the costs of investments are low.

Another benefit is that you can leverage your position with the leverage offerings by Alpari, which can be as high as 1:100. This comes in handy when trading with a high price instrument like Bitcoin in stretching your limited capital investment. By offering crypto-trading, the broker not only acknowledges the importance of this new market, but also enables its traders to benefit from high profits from this growing market.

Spreads and Commission

Alpari does not charge commission on the trades made by the traders; instead they have to pay slightly widened spreads. The type of instruments being dealt in will decide the spreads charged on them. The following table display the typical spreads charged at Alpari.

Deposits and Withdrawals Options
deposit-withdrawals-alpari

Alpari supports 4 main types of methods that the traders can use to fund the trading accounts. They are Bank wires, eWallet transactions, internal transfers and all major credit cards.

Bonus and Promotions

Alpari runs various promotional schemes to rewards their traders.  The programmes available at Alpari mainly fall into 4 main categories – Premium client status, special offers, Cashback program and trading competition. In addition to this they have several loyalty programmes. More details are available on their website.

Customer Support

Alpari website can be translated in 10 global languages for the convenience of their non-english speaking clientele. The technical customer support at Alpari is available on 24/7 basis and the customer support by 24/5 basis, both can be contacted via live chat, email, Viber, Skype and telephone.

Conclusion

Alpari has decades of experience under its belt and is one of the leading brokers in the industry. The fact that it is regulated by various regulatory bodies only adds to its reputation. With an array of tools and products that the broker offers, it is an ideal fit for both beginner and experienced brokers.

Alpari Review

Alpari Review
8.7

Easy to use

8.7 /10

Fees

8.7 /10

Support

8.7 /10

Payment

8.7 /10

Pros

  • Established in 1998
  • Regulated by FSA
  • Many trading platforms
  • High leverage levels offered

Cons

  • Light-touch regulation
Ricardo Martinez

Ricardo Martinez

Ricardo Martinez has been active in the financial markets for around 10 years. In the early days in his career he was a trader and worked as market analyst in different online brokers advising clients on key decisions of trading instruments in foreign exchange and commodity markets. Ricardo is currently working as independent trader with diversified portfolio over different markets. His writing for LearnMarketonline is part of his commitment to share knowledge with traders.