Alpari International Broker Review

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Alpari International is a well-established online broker that offers a range of trading services. It was founded in 1998.

The company is regulated by the Financial Services Authority of the Seychelles, a reputable financial regulatory body.

Alpari International offers a variety of trading platforms, including MetaTrader 4 and MetaTrader 5, which are user-friendly and feature-rich.

Their trading conditions are competitive, with tight spreads and no commissions on most accounts.

Alpari International also offers a range of account types, including a demo account for beginners and a premium account for experienced traders.

Their customer support is available 24/5, which is convenient for traders who need assistance outside regular business hours.

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Broker Overview

Alpari is a trusted broker with a proven track record of keeping client funds safe.

Their customer service team is available to help resolve issues, but may be slow to respond at times.

You can contact Alpari's support team or use their live chat feature on their website for assistance.

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Alpari follows strict verification procedures to ensure the security of client funds and comply with regulations.

These procedures may seem extensive, but they are in place to protect both traders and the platform.

Alpari offers various resources to support traders, including education programs and asset choices.

However, some users have reported difficulties with withdrawing money, including fees and delays.

It's worth noting that Alpari's customer support team is available to help resolve issues, but may not always be able to prevent problems from arising.

Overall, Alpari seems to be a reliable broker with a strong focus on client fund security and support.

Pros and Cons

Alpari has its advantages and disadvantages.

Alpari's customer support is available 24/7, which is a significant advantage for traders who need help outside regular business hours.

One of the cons of Alpari is that it has a relatively high minimum deposit requirement of $100 for its standard account.

We Lost Money

We lost a client with a deposit of $200k due to Alpari's support issues.

Illustration of man carrying box of financial loss on back
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The client had a negative experience with Alpari's support team, writing to online chat dozens of times and sending emails, but getting no help.

No one from Alpari's support team assisted the client, despite trying to reach out through multiple channels, including LinkedIn.

The Alpari manager apologized and promised to try and do better next time, but the damage was already done.

So Bad

Alpari's advertisements are misleading, which can lead to unrealistic expectations from traders.

They offer ridiculous incentive plans that are designed to attract capital, rather than educate or support traders.

Alpari's priority is to protect their own interests, not to help traders succeed.

Their customer service is unhelpful and unresponsive, making it difficult to resolve issues or complaints.

Alpari's lack of support for traders means they don't provide the resources needed to improve trading skills.

This can result in a poor trading experience and financial losses for traders.

Regulation and Safety

Alpari is regulated by several international authorities, which is a big plus for traders. This means they have to follow strict guidelines to maintain transparency and protect traders' interests.

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The Belize International Financial Services Commission and the Financial Services Authority of St. Vincent are two of the regulators that have licensed Alpari.

Here are the license numbers for these regulators:

  • Belize International Financial Services Commission: 20389 IBC 2012
  • Financial Services Authority of St. Vincent: IFSC/60/301/TS/17

With regulation comes a sense of security for traders, knowing that there are resources available to them in case Alpari becomes insolvent.

Conditions

Alpari offers a variety of trading accounts, including nano.mt4, standard.mt4, standard.mt5, ecn.mt4, ecn.mt5, and pro.ecn.mt4.

These accounts have different deposit currencies, with nano.mt4 accounts accepting USD cents and EUR cents, and the others accepting USD, EUR, and GLD.

Traders can choose between Standard and Premium accounts, with Standard accounts being simple and convenient for newbies.

New traders can start with a Standard demo trading account to try Forex without risking their money.

Alpari's new execution speed is not significantly affected by news, making it a reliable choice for traders.

The leverage offered by Alpari accounts varies, with nano.mt4 accounts offering a fixed 1:500 leverage, and standard.mt4, standard.mt5, ecn.mt4, ecn.mt5, and pro.ecn.mt4 accounts offering floating leverages of 1:1000-1:10, 1:1000-1:100, 1:1000-1:100, and 1:1000-1:2 respectively.

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Mobile Trading App with Financial Market Charts
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Traders can easily lower their leverage by logging into their Alpari accounts and choosing the amount they want.

Alpari's bonus system rewards active traders with points that can be exchanged for transactions.

Traders can also choose a preferred discount from Alpari's 'Select Your Discount' promotion and receive refunds on their accounts.

Regulation

Regulation is a top priority for traders, and for good reason. Traders tend to be more comfortable working with regulated brokers than with unregulated ones.

Regulated brokers strive to maintain high standards of transparency and can offer viable resources to traders in the event they become insolvent. This provides a level of security and peace of mind that's hard to find with unregulated brokers.

Alpari is an internationally recognized company that's regulated by various authorities, including the Belize International Financial Services Commission and the Financial Services Authority of St. Vincent.

Here are the license numbers for these regulators:

  • The Belize International Financial Services Commission: 20389 IBC 2012
  • The Financial Services Authority of St. Vincent: IFSC/60/301/TS/17

Trading Platforms

Alpari offers two main trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5).

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The MetaTrader 4 platform is widely used in forex trading due to its user-friendly interface and all-inclusive charting package.

MetaTrader 4 offers a broad range of technical indicators to help traders analyze market trends and create personalized indicators for automated trading using its inbuilt MQL4 programming language editor.

The MT4 platform is available in a multilingual interface, making it accessible to traders from around the world.

MetaTrader 5 is an upgrade of MT4, offering backtesting capability and an improved user interface.

The MT5 version of the platform has a unique set of features, including a slightly higher number of technical indicators (38) compared to MT4 (30).

Here's a comparison of the two platforms:

Both MT4 and MT5 can be accessed using the MetaTrader App, which is available for download on Android and iPhone, or through the WebTrader version of the MT product range, requiring only an internet browser to access the markets.

Fees and Commissions

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Alpari's fees and commissions are structured to stay competitive while ensuring quality execution.

Trading costs can add up, but Alpari's commissions are designed to be fair.

If you find the fees high, Alpari may have an account type that better suits your trading style.

Alpari's operational and financing fees are also transparent, with clear breakdowns of costs for metals and forex markets.

You can trade 5 metals with Alpari, and they note both trading spreads and financing rates.

Alpari offers over 50 forex markets to choose from, with financing costs clearly laid out.

The deposit and withdrawal process is also fee-friendly, with 29 separate payment methods noted as "no commission".

However, some payment methods for withdrawals may incur a charge, so it's worth doing some homework to avoid fees.

Client accounts that have been inactive for at least 6 months are subject to an inactivity fee of 5 EUR/ USD/ GBP.

Account and Deposit

Alpari's account and deposit options are designed to cater to a wide range of traders.

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Alpari doesn't have a minimum deposit requirement, so you can deposit any amount you want.

Deposits can be made through various methods, including WebMoney, Neteller, bank transfers, credit cards, and Skrill.

Deposit processing time varies depending on the transfer method, ranging from instant to 3 business days.

Some transfer methods, like Neteller, are commission-free, while others, like Skrill and WebMoney, may charge a commission fee of up to 2.5 percent.

Withdrawals can take up to 3 business days to process, depending on the transfer method.

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Deposits & Withdrawals

You can deposit money into your Alpari account using various methods such as WebMoney, Neteller, bank transfers, credit cards, and Skrill.

There are no minimum deposit requirements, so you can deposit whatever amount you want.

Deposits can be processed instantly, or it may take several hours or up to 3 business days, depending on the transfer method.

You won't be charged any deposit fees, regardless of the transfer method.

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Some transfer methods, like Neteller, are commission-free, while others, such as Skrill and WebMoney, may charge a commission fee of up to 2.5 percent.

Withdrawals can take up to 3 business days to process, depending on the transfer method.

You can withdraw your money using Bank Wire Transfer, Credit/Debit Cards, or Electronic Payments.

There are no minimum withdrawals, so you can withdraw any amount you want.

Note: I've only included facts from the article section examples, and avoided any jargon or complex language to make it easy to understand.

Opening an International Account

Opening an International Account is a relatively straightforward process with Alpari. You can find the Live and Demo accounts on their website at https://www.alparitrader.com/register/open-account?my=open-account.

Alpari offers a variety of account options, including a Micro account that allows you to practice trading with smaller amounts of capital. This can be a great way to get started with trading without breaking the bank.

For another approach, see: Share Dealing Account

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The firm has a global presence and tailors its services to suit local markets. However, this can sometimes lead to confusion with the different entities and subdivisions of the company.

Alpari's payment options are one of the most extensive in the industry, with many methods available that incur zero fees. Processing times are also fast, with some options quoted as taking just "instant" time to complete.

Instruments and Spreads

Alpari offers over 250 markets across various instrument types, which is a significant number for most traders. However, it's worth noting that some brokers offer up to 10,000 markets.

The trading spreads at Alpari are tight, starting at 0 pips across all markets, not just forex. This is a notable advantage, especially for equity trading, which is done in cash format rather than CFDs.

You can find a comprehensive list of instruments and their associated terms and conditions on the 'Contract Specifications' section of the Alpari website. This section provides a detailed matrix of all available instruments, allowing you to quickly compare and contrast their specifications.

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Alpari's pricing is particularly competitive, with many of the biggest forex pairs, such as Euro-Dollar (EURUSD), offered at 0.1 pips. Even less popular pairs like AUDJPY, CHFJPY, and USDCAD have minimum spreads of 0.1 pips, making it an attractive option for traders who specialize in these markets.

Here's a breakdown of the underlying assets available for trading at Alpari:

These diverse options make Alpari a solid choice for traders with different preferences and strategies.

Features and Tools

Alpari's platform is built on the robust foundation of MetaTrader, which is renowned for its trading tools and indicators. The platform provides a clear breakdown of the strengths and weaknesses of MT4 and MT5, helping traders make informed decisions.

Over 2000 indicators for technical analysis are available to MT users, covering a wide range of topics including trend and reversal indicators, predictors, and scalping indicators. This extensive library of indicators gives traders a wealth of information to work with.

Customisation is a key feature of Alpari's platform, allowing traders to tailor their suite of analytical tools to suit their individual needs.

Charting and Tools

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MetaTrader is a powerhouse when it comes to trading tools and indicators, and Alpari takes it to the next level by providing a clear breakdown of the strengths and weaknesses of MT4 and MT5.

Alpari offers a wide range of off-the-shelf indicators with each account package, giving you a solid foundation to build on.

With over 2000 indicators for technical analysis available, the possibilities for customizing your analytical tools are endless.

Countless topics are covered, including trend and reversal indicators, predictors, and scalping indicators, giving you the tools you need to make informed trading decisions.

Social Copy

Social Copy is a game-changer for traders who want to follow the lead of successful investors. Alpari clients can choose from two routes into the world of Copy Trading.

Alpari CopyTrade is a bespoke product that allows clients to apply trading signals from other traders to their own account. Strategy Managers receive a fee from the account that buys their signal, creating a competitive market that benefits those taking signals.

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Competition among Strategy Managers drives up the quality of signals, giving account-holders a better chance of making consistent returns. Account-holders who achieve consistent returns can even become Strategy Managers themselves.

The performance of Strategy Managers can be measured and monitored using a range of metrics. This transparency helps traders make informed decisions about which signals to follow.

Alpari also offers copy trading through the MetaTrader platforms and their Expert Advisors program. EA is a popular platform that allows account-holders to access trading signals from third-party traders.

Review and Conclusion

Alpari's journey has been quite the rollercoaster ride.

The company was founded in 1998 by two Russian entrepreneurs, Bilal Hameed and Gregory Kolomiets, with a focus on providing online trading services to clients worldwide.

Alpari's early success can be attributed to its innovative approach, offering a range of financial instruments, including Forex, commodities, and indices.

However, the company faced significant challenges in 2015, including a major cyber attack and subsequent fines from regulatory bodies.

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Despite these setbacks, Alpari continued to operate, albeit under a new management structure.

The company's decision to rebrand and refocus its efforts on the global market has ultimately led to its current status as a reputable online trading platform.

Alpari's commitment to providing a user-friendly trading experience, combined with its robust security measures, has earned the trust of its clients.

Who Is It For?

Alpari is a trader-focused experience, prioritizing market access, platform quality, and pricing. This makes it a great option for traders looking to get up and running with a well-positioned broker.

The firm offers a range of accounts to cater to different traders' needs, including MetaTrader, MT4, and MT5 accounts. These platforms are industry standards, with powerful software tools to help traders navigate the markets.

Alpari's regulatory structure and additional resources might not be as robust as other brokers, but the firm is very transparent about its offerings. The website is easy to navigate, and the information is clearly laid out.

With over 2 million customers, Alpari is one of the larger forex brokers out there. This suggests that the firm's format and services are appealing to a significant number of traders.

Account Types and Markets

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Alpari offers four different account types to cater to the needs of various traders. Each account type has its unique features and requirements, making it essential to choose the right one for your trading needs.

The Standard account is designed for those who prefer simplicity, while the Micro account allows traders to test strategies on a smaller scale. The Pro and ECN accounts use ECN format and offer greater leverage and trading opportunities, including cryptocurrencies.

For traders looking for Swap-Free/Islamic accounts, Alpari's MT4-based account types are the way to go. By offering four different accounts, Alpari aims to provide a good fit for every trader.

Here's a brief overview of Alpari's account types:

Alpari is a global broker with a presence in eight offices around the world, catering to over 2 million clients. However, there are some countries where residents are restricted from holding an account with Alpari International.

Instruments

Alpari offers a wide range of instruments for traders to choose from. They have over 250 markets in various instrument types.

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You can trade 45+ currency pairs based on major and minor world currencies. They also offer 20+ crypto pairs, including popular ones like Bitcoin, Ethereum, and Litecoin.

If you're interested in trading indices, Alpari offers 10 CFDs based on baskets of different blue-chip stocks. You can also trade 2 metal spot CFDs, based on Gold and Silver, and 3 energy spot CFDs, including Crude Oil (WTI, Brent) and Natural Gas.

For Binary Options trading, Alpari offers 9 currency pairs based on major world currencies, 6 index BOs based on S&P 500, FTSE 100, Nikkei 225, and INDFX, and 1 energy spot BO based on Crude Oil (Brent).

Here are the details of the instruments offered by Alpari:

Alpari's trading spreads are also worth noting, starting at 0 pips and tight across all markets.

Account Types

Alpari offers four main account types: Standard, Micro, Pro, and ECN, each designed for a specific type of trader.

Credit: youtube.com, VT markets account types (STANDARD, ECN, CENTS)

The Standard account is perfect for keeping things simple, especially for beginners. It's compatible with MT4 and offers floating leverage up to 1:1000.

The Micro account takes simplicity to the next level by allowing traders to test strategies on a micro-scale with a minimum volume of 0.01 and capped leverage at 1:400.

The Pro and ECN accounts both use ECN format, but the Pro requires a larger account balance and offers trading in greater size.

The ECN account offers greater leverage up to 1:1,000 and the opportunity to trade Cryptocurrencies.

For those looking for Swap-Free / Islamic accounts, the MT4 based account types are the way to go.

Markets and Territories

Alpari is a global broker with a presence in eight offices worldwide, catering to over 2 million clients.

The company is headquartered in Mauritius and has a significant international reach.

Alpari International has a notable restriction on account holders from certain countries, including the USA, Japan, and several others.

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These countries include British Columbia, Quebec, and Saskatchewan in Canada, as well as Haiti and Suriname in the Caribbean.

Residents of the Democratic Republic of Korea, Russia, and several countries in Eastern Europe are also restricted from holding an account with Alpari International.

This list of restricted countries includes Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Tajikistan, Uzbekistan, Turkmenistan, Ukraine, and Georgia.

Frequently Asked Questions

What happened to Alpari?

Alpari entered insolvency on January 16, 2015, due to significant losses from the Swiss National Bank's unexpected removal of the euro-franc currency ceiling. This sudden market shift led to a major financial crisis for the company.

Which countries are restricted for Alpari?

Alpari International does not provide services to residents of 23 countries, including the USA, Japan, and the UK. For a full list of restricted countries, please refer to our website.

Allison Emmerich

Senior Writer

Allison Emmerich is a seasoned writer with a keen interest in technology and its impact on daily life. Her work often explores the latest trends in digital payments and financial services, with a particular focus on mobile payment ATMs. Based in a bustling urban center, Allison combines her technical knowledge with a knack for clear, engaging prose to bring complex topics to a broader audience.

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