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Alpari Review 2020 – Why should you trust them?


General Information
Broker Name:Alpari Limited
Broker Type:Forex
Country:Belize
Operating since year:1998
International offices:11th Floor, Maeva Tower, Silicon Avenue, Cybercity, Ebene, Quatre Bornes, 72201, Mauritius
Regulation:CBR, FSCM
Address:Suite No. 1094, 16 Albert Hoy Avenue, Belama Phase 1, Belize City, Belize
Broker status:Incorporated under registered number 137, 509, authorized by the IFS of Belize, license number IFCS
Customer Service
Phone:+44 2045 771951
Fax:+44 (0)20 7426 2949
Email:[email protected]
Languages:English
Availability:24 Hours a Day, Mon–Fri
Trading
Trading Platforms:MetaTrader 4, MetaTrader 5 or BinaryTrader
Trading platform(s) timezone:6:00–19:00 GMT, Mon–Fri
Demo Account:Yes
Mobile trading:Yes
Web based trading:Yes
Bonuses:Alpari Cashback program, and privileged premium client status
Other trading instruments:Currency Pairs, Spot Metals, Stock CFDs, ETF CFDs, Index CFDs and Commodity CFDs.
Account
Minimum deposit ($)$ 0
Maximal leverage (1:?)1:1000 (maximum)
Spread1.6 pips

Review Contents:

  1. Introduction to Alpari Review;
  2. Account Types at Alpari;
  3. Trading Instruments at Alpari;
  4. Alpari Regulations and Licenses;
  5. Payment Options and Bonuses at Alpari;
  6. Education with Alpari;
  7. Additional Information About Alpari;
  8. Alpari Review Summary;

 

Introduction: Experience Speaks for Itself

Alpari was founded in 1998 and is currently headquartered in Mauritius. In fact they have managed to become one of the largest brands within the trading industry. They have over 2 million dedicated clients, 20 years of experience in the industry, 8 locations across three continents and over 250 trading instruments.

In this Alpari review, we will discuss what you should consider before signing up with them. Though they started out as a small company, after all they have managed to become one of the most global and inclusive brokers in the field. They continue to develop every day to cater to their clients’ needs, providing them with the best experience possible.

 

Trade Forex

 

Account Types at Alpari

Whether you are new to trading or consider yourself a highly experienced investor, Alpari has the right account level for you. Their main accounts are divided into two sections and vary depending on the platform of your choice. The two categories are trading and investing.

Trading

If you choose the trading category, you will have six different types of accounts to choose from. We will go through them below.

Nano MT4

  • Minimum Deposit: $0
  • Instruments: 33 currency pairs and 2 metals
  • Deposit currency: USC, EUC
  • Hedged margin: 50%
  • Max order volume: 10
  • Max number of orders: 25
  • Leverage: 1:500
  • Fixed spreads
  • Commission: –

Standard MT4

  • Minimum Deposit: $20
  • Instruments: 33 currency pairs and 2 metals
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 50
  • Max number of orders: 500
  • Leverage: 1:1000-1:10
  • Floating spreads
  • Commission: –

Standard MT5

  • Minimum Deposit: $100
  • Instruments: 33 currency pairs and 2 metals
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 50
  • Max number of orders: 500
  • Leverage: 1:1000-1:10
  • Floating spreads

ECN MT4

  • Minimum Deposit: $300
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 100
  • Max number of orders: 500
  • Leverage: 1:1000-1:2
  • Floating spreads
  • Commission: –

Pro ECN MT4

  • Minimum Deposit: $500
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: –
  • Max number of orders: –
  • Leverage: 1:1000-1:2
  • Floating spreads
  • Commission: $16 per $1M

ECN MT5

  • Minimum Deposit: $500
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: –
  • Max number of orders: –
  • Leverage: 1:1000-1:2
  • Floating spreads
  • Commission: $16 per $1M

The higher level of account you choose the more advantages come with it. Obviously, if you are just starting to trade, you would choose the lowest level with the minimum required deposit. Alpari definitely caters to all kinds of traders and maximizes the diversity for independent trading.

Alpari international offers features and services that are designed for both beginner and professional traders. Thus, they have access to pro and ecn accounts. Notably, both MT4 and MT5 are available. So, trader can experience all the befits of metatrader platforms. Also demo account is available with Aplari.

Alpari Limited logo

Investing

In the investing category, Alpari provides five different account types.

PAMM Standard MT4

  • Minimum Deposit: $300 public account; $100 private account
  • Instruments: 33 currency pairs, 2 metals
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 50
  • Max number of orders: 500
  • Leverage: 1:1000-1

PAMM Standard MT5

  • Minimum Deposit: $300 public account; $100 private account
  • Instruments: 33 currency pairs, 2 metals
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 50
  • Max number of orders: 500
  • Leverage: 1:1000-1:10
  • Commission: –

PAMM ECN MT4

  • Minimum Deposit: $300 public account; $300 private account
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 100
  • Max number of orders: 500
  • Leverage: 1:1000-1:10
  • Commission: –

PAMM Pro ECN MT4

  • Minimum Deposit: $500 public account; $500 private account
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 100
  • Max number of orders: –
  • Leverage: 1:1000-1:2
  • Commission: $16 per $1M

PAMM ECN MT5

  • Minimum Deposit: $500 public account; $500 private account
  • Instruments: 46 currency pairs, 2 metals, 18 CFDs
  • Deposit currency: USD, EUR, GLD, RUR
  • Hedged margin: 50%
  • Max order volume: 100
  • Max number of orders: –
  • Leverage: 1:1000-1:2
  • Commission: $16 per $1M

In the investment category, the stakes get a little bit higher, but the tools that come with it definitely make up for the deposit minimums. Alpari also has some more details on trading on their accounts.

They also bring the attention of their users to some details on pending orders which must be placed at least 0.5 spreads from the current price levels on standard accounts and nano accounts. Spreads might also widen on nano.mt4 accounts.

Moreover, the number of leverage changes with the margin requirements depending on the accounts.

Trading Instruments at Alpari

Since Alpari mainly focuses on Forex they have a large list of currency pairs to offer to all of the accounts. Though the number of pairs is limited depending on the account, the choices are still there. You can also trade commodities (metals) and CFDs with Alpari.

Though the overall financial instrument types are not too great, keep in mind that their main product is Forex. If you are a forex trader then this is a great platform, though your other options would be quite limited.

 

Alpari Regulations and Licenses

Alpari is regulated by the Financial Services Commission (FSC) in Mauritius. Their license number is C113012295. You can see their membership certificates and license scans on the website. The FSC is an esteemed financial institution so users are quite confident with their trading.

The servers are kept separate in accordance with regulations. All private and financial information is safely stored on cold servers. Overall, Alpari seems like a trustworthy broker who cares for the safety of their clients.

Alpari Review

 

Payment Options and Bonuses at Alpari

As long as Alpari is a highly global broker they offer many options for payment. The four categories for fund transfers are:

  • Bank wires
  • Credit/Debit Cards
  • W-wallets
  • Internal transfers

Alpari accepts almost all major cards and e-wallets, and the deposits are done quickly and painlessly. The withdrawal time varies depending on the type of transfer but is usually done one average within 2-5 days.

One of the greatest aspects of Alpari is their promotions and bonuses. As a way to reward their loyal traders, Alpari came up with four different types of rewards programs.

  • Cashback – points given depending on the trading activity
  • Premium client status – varying benefits upon receipt, such as 100% compensation on commissions
  • Trading competitions – different prizes for different types of competitions
  • Special offers – new offers and bonuses introduced at different times

No wonder Alpari managed to gather up to two million users. They provide a solid platform with great benefits and prizes. Moreover the more loyal you are to the platform, the more benefits you receive.

Education with Alpari

You have a chance to participate in their education courses where you may learn Forex trading. Obviously, since Alpari mainly focuses on Forex trading they provided education for the specific financial instrument. The courses are mainly for beginners and teach the 101 of Forex trading, so professionals will not benefit too much from the materials.

 

Additional Information About Alpari

Notably the website is very easy to navigate and is filled with information. Alpari also provides its clients with the ability to learn about every detail about their company, namely trading options, legal policies, and more. The website is available in many languages, such as Arabic, English, Farsi, Hindi, Chinese, Vietnamese, Portuguese, Russian, Bahasa Indonesian and Bahasa Malaysia. This is an expected trait for such a global company.

The technical customer support work 24 hours a day, 7 days a week. In acse you can contact the Alpari customer support team via email, live chat, telephone, Skype and also Viber. You also can chat with Telegram Bot. For client support though, the calling hours are more limited, working 6-19:00 GMT Mon-Fri.

Alpari Limited logo

The list of restricted countries is quite large. Alpari does not provide services to the citizens of:

  • the USA,
  • Mauritius,
  • Japan,
  • British Columbia,
  • Quebec,
  • Saskatchewan Haiti,
  • Suriname,
  • The Democratic Republic of Korea,
  • Russia,
  • Azerbaijan,
  • Belarus,
  • Kazakhstan,
  • Armenia,
  • Moldova,
  • Tajikistan,
  • Uzbekistan,
  • Turkmenistan,
  • Ukraine,
  • Georgia.

Though Alpari is such a global broker, many countries are unable to benefit from their tools and offers.

Additionally, CFDs are complex instruments. Due to leverage, they come with a high risk of losing money. When trading CFDs, between 74-89% of retail investor accounts lose money.

As already said, Alpari International offers a mobile app and web app. Additionally they offer the MetaTrader 4 and MetaTrader 5 for desktops.

 

Alpari Review Summary

Overall, we are quite satisfied with what Alpari has to offer. They also have great account types, secure and segregated servers, strong regulations, amazing bonuses and promotions, vast payment options, and more.

Alpari offers a wide range of services that are suitable for both beginner traders and advanced traders. A mixture of commission-based and commission-free accounts with varying access and spreads to different amounts of leverage. Thus, it makes the offering of Alpari International unique.

Beginners have access to the world’s best-known trading platforms MT4 and M5, as well as to low minimum deposit accounts to get started. Meanwhile, advanced traders can use accounts for providing institutional-grade spreads through ECN forex. They have a more comprehensive market range for trading.

The nano account has no minimum deposit requirement. Besides, to open other accounts, you must pay from $300 to $500. Across account types, the execution method might vary. It depends on the opened account.

Additionally, Alpari is offering commission-based pricing on its PRO ECN MetaTrader 4 account.

Including three commodity CFDs and ten-stock index CFDs, those account types also provide a more excellent range of tradable instruments. In terms of the all-in cost for commissions and spread fees to trade, the ECN MetaTrader 5 account is the most competitive of Alpari’s account offerings.

Over three months, 129 customer service phone tests were conducted for our 2018 Forex Review. The score of Alpari was 6.5 points from ten. It is not a bad indicator and not particularly good also. However, it is better than average.

If You Trade Forex This is a Good Option for You

All in all, you can try your luck with the broker. It does not matter if you have experience or not. The broker is suitable for both situations.

Certainly, you guessed that the broker is not perfect, but that is not really a problem. Because they are quite reliable.

It is unfortunate that so many countries are restricted from working in with Alpari even though they claim to be a global broker. They also offer great services to Forex traders or investors and pride themselves on their long trading experience in the field. It is obvious that in 20 years of Alpari being around, they learned how to satisfy their customers. Thus, it managed to gather over two million loyal traders.

Even though their options are still limited, trading with Alpari should not be an issue at all. Quite the opposite, for Forex traders it seems to be a great experience. We urge you to try their services and let us know what you think in the comments and ratings below.

In case you register, we wish you a lot of luck!

forex for beginners

Overall
4
  • Support
    (4.5)
  • Platform
    (4)
  • Spread
    (4)
  • Trading Instrument
    (3.5)


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