Alpari

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1000:1
Minimum Deposit$5
Year Established1998
RegulationThe Financial Services Commission (FSC) Mauritius, Registered in 150 countries
Payment methodsCredit/Debit Card, Bank Transfer, Skrill, Union Pay, Neteller, WebMoney, Fasapay, Bitcoin, VLOAD, Perfectmoney
Publicly Traded
Employees250 to 500
Type of BrokerECN
MT4
MT5
Trading AssetsCurrencies, Commodities, Indices, Shares, Cryptocurrencies
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★ 4
Offers Official Website

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Pros and Cons

Pros
  • Longevity and Reputation: Alpari has been in the foreign exchange market for over 20 years, earning a solid reputation and serving more than 1 million clients in over 150 countries.
  • Regulation and Licensing: The broker is registered in Saint Vincent and the Grenadines, holding a license (No. 20389 IBC 2012) from the Registrar of International Business Companies. The company is also a member of The Financial Commission.
  • Variety of Trading Accounts: It offers a range of account types, including cent accounts for beginners, standard accounts for basic skills, and ECN accounts for professional traders.
  • Advanced Trading Platforms: Traders can choose between MetaTrader 4 and MetaTrader 5, along with a proprietary mobile application called Alpari Mobile, providing a versatile trading experience.
  • Educational Resources: The broker also offers a comprehensive education section, including training videos, podcasts, webinars, seminars, and tutorials, catering to traders of all experience levels.
  • Bonus and Cashback Programs: Alpari has a proprietary bonus system that rewards traders with bonus points for various activities. Additionally, the broker offers a cashback service for clients with higher status.
  • Wide Range of Deposit and Withdrawal Options: The broker supports various deposit and withdrawal methods, including bank transfer, international bank cards, e-wallets, and cryptocurrencies.
Cons
  • Limited Information on Regulation: While it is registered and holds a license, the broker does not provide detailed information about the regulatory bodies overseeing its operations on its official website.
  • Withdrawal Time Uncertainty: The broker does not specify the exact time it takes for withdrawals, and the duration may vary depending on the chosen payment method.
  • Platform-Specific Features: Some features, such as trading on MetaTrader 5 and certain account functionalities, are platform-specific, potentially limiting choices for traders who prefer different features on various platforms.
  • Commission for Some Account Types: Certain account types, such as the pro.ecn.mt4 account, charge a commission of $1.6 for a standard lot, which may be a consideration for traders sensitive to transaction costs.
  • Limited Availability of Some Account Features: Not all features, such as the swap-free function or trading on MetaTrader 5, are universally available across all account types, potentially causing limitations for certain traders.

Company Background

Alpari has been serving the international foreign exchange market since 1998, offering active Forex trading and investment opportunities.

Registered in Saint Vincent and the Grenadines, it holds license number #20389 IBC 2012 from the Registrar of International Business Companies.

Additionally, it is a member of The Financial Commission, resolving disputes globally between brokers and clients.

The company has garnered over 30 awards, showcasing its commitment to excellence.

Key Account Information:

  • Account Currency: USD and EUR.
  • Minimum Deposit: From $1.
  • Leverage: Up to 1:3000.
  • Spread: From 0.2 pips.
  • Instruments: Currency pairs, metals, CFDs.
  • Margin Call/Stop Out: 50%, from 10%.

Advantages

  • Many trading accounts for different experience levels.
  • Efficient customer support.
  • Multiple deposit and withdrawal methods.

Disadvantages

  • No weekend trading.
  • Occasional delays in fund withdrawals.
  • Commission compensation for deposits or withdrawals limited to traders with VIP status.
  • MetaTrader 5 platform available only for standard accounts; swap-free Forex Islamic accounts work only on MetaTrader 4.
Official website: www.alpari.com

Detailed Review

With over 20 years of experience, Alpari has gained support from traders in 150+ countries.

The company emphasizes quality service and comfortable trading conditions, evidenced by its $1 trillion trade turnover in 2019 and numerous awards.

Alpari offers various account types, including a cent account for novices, standard accounts, and ECN accounts for professionals.

Orders can be executed in two ways: market and instant, catering to traders’ preferences.

Trading Platforms

Alpari provides MetaTrader 4 and MetaTrader 5 platforms, both available on desktop and mobile devices.

The broker also offers its proprietary Mobile platform for Android and iOS.

Additional Services

  • Autochartist: Identifies likely market movements and trends.
  • FXStreet Calendar: Keeps traders informed about market-affecting news.
  • Forex and Cryptocurrency Exchange Rates: Displays current positions of various pairs.
  • Currency Converter: Enables calculations without leaving the site.

Advantages:

  1. Range of trading accounts for different needs and experience levels.
  2. Responsive and polite customer support.
  3. Mobile application for convenient trading.
  4. Diverse deposit and withdrawal methods.
  5. Training courses for traders at various experience levels.
  6. Investment opportunities for passive trading.

Account Types

Alpari offers several account options, each with distinct features such as minimum deposit, available trading platforms, leverage, and more.

Traders can choose an account that aligns with their trading goals and experience level.

  • nano.mt4: Cent account for novices with a minimum lot size of 1000 units.
  • standard.mt4: Standard account on MetaTrader 4.
  • standard.mt5: Standard account on MetaTrader 5.
  • ecn.mt4: Account for experienced traders with higher execution speed.
  • pro.ecn.mt4: Account for professional Forex market participants on MetaTrader 4.
  • special.ecn.mt4: Account for professional traders, similar to pro.ecn.mt4.
  • ecn.mt5: Account for professional traders on MetaTrader 5.

Before opening a real account, it’s recommended to test the broker’s conditions on its demo account.

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Bonuses and Cashback

Alpari offers a proprietary bonus system and a cashback service.

Traders receive bonus points for various activities, which can be exchanged for discounts or real money.

Cashback privileges increase with higher status in the system.

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Investment Education

Alpari provides extensive educational materials for traders, including a Forex glossary, training videos, podcasts, webinars, seminars, tutorials, and articles.

To mitigate the risk of losses, clients can practice on a virtual account.

Security and Protection for Investors

Alpari is registered in Saint Vincent and the Grenadines, holding license number #20389 IBC 2012.

The company is a member of the International Financial Commission, safeguarding the rights of clients.

Advantages:

  • Client rights protected by the International Financial Commission
  • Clear display of service rules on the official website

Disadvantages:

  • Lack of information about regulators on the official website

Withdrawal Options and Fees

Withdrawal requests at Alpari are processed instantly by the finance department.

The company imposes no restrictions on the number of requests or withdrawal amounts.

Transaction fees depend on the chosen payment system and are charged exclusively by that system.

It also supports various deposit and withdrawal methods, including bank transfer, international bank cards, e-wallets, and cryptocurrencies.

Deposit operations are instant, while withdrawal processing times may vary.

Customer Support Service

Alpari’s customer support operates 24/5, responding promptly to most queries.

The support team is reachable through phone, email, Skype, online chat on the website, and various messaging platforms.

Advantages:

  • Quick responses to most questions.
  • Polite and efficient staff.

Conclusion

As we wrap up our exploration of Alpari, we trust that this journey has been both enlightening and engaging.

At Brokfolio.com, we understand the significance of picking the right trading platform, and our commitment is to guide you through this process with clarity and friendliness.

This broker stands as a multi-asset brokerage firm, and we’ve uncovered its nuances, from regulatory compliance to the practicalities of initiating trades.

Alpari stands as a moderate-risk broker with an Overall Score of 7.98 out of 10.

Adam Rosen a Brokfolio expert, suggests careful consideration of pros and cons before opening an account.

Alpari ranks 31 out of 98 companies in our global ranking, based on 100+ criteria and an account opening test.

The broker caters to traders of all experience levels, providing favorable conditions for both active trading and investment.

Whether you’re a seasoned trader or just embarking on your investment journey, Brokfolio.com remains your ally in making informed decisions.

Stay tuned for more reviews and insights that empower you to thrive in the ever-evolving world of trading.

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FAQ – Frequently Asked Questions

How do I open an account with Alpari?
To open an account, visit the official website, click on the “Register” button, fill in the required information, and follow the steps to complete the registration process.
What trading platforms does it offer?
Alpari provides traders with two main trading platforms: MetaTrader 4 and MetaTrader 5. Additionally, traders can use the proprietary Alpari Mobile application for mobile trading.
Is it a regulated broker?
Yes, it is registered in Saint Vincent and the Grenadines and holds a license (No. 20389 IBC 2012) from the Registrar of International Business Companies. The company is also a member of The Financial Commission.
What account types are available?
Alpari offers various account types, including nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, and ecn.mt5. Each account type caters to different trading needs and experience levels.
Can I trade on MetaTrader 5?
Yes, Alpari supports trading on MetaTrader 5. However, availability may be account-type specific, so check the details of your chosen account.
What deposit methods are accepted?
Alpari supports various deposit methods, including bank transfer, international bank cards, Neteller, Skrill, WebMoney, ADVCash, cryptocurrencies, and more.
How long does it take to process withdrawals?
Alpari does not specify the exact duration for withdrawals, as it may vary depending on the chosen payment method. Withdrawal requests are processed instantly by the finance department.
Does it offer educational resources for traders?
Yes, Alpari provides a comprehensive education section on its website, offering training materials such as videos, podcasts, webinars, seminars, and tutorials for traders of all experience levels.
What is the significance of the cashback service?
Alpari’s cashback service rewards clients with more privileges and additional bonuses based on their status within the system, creating an additional incentive for active trading.
How can I contact their customer support?
Alpari offers multiple channels for customer support, including phone support, email ([email protected]), Skype, online chat on the website, and communication through various messaging platforms. The support team is available 24/5, from Monday to Friday.

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Article written, edited and reviewed by

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Adam Rosen

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Last updated: April 11, 2024