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Alpari Review

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Editor's Review

Alpari Rating
7.33
8 Security
7 Spreads
7 Customer Service

Founded in 1998, the Alpari group of companies has a long history in the retail forex trading industry as an early pioneer in offering the Metatrader platform suite, including the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software.

Today, the Alpari brand offers traders access to nearly 50 forex pairs and nearly 30 CFDs on indices, commodities, precious metals, and on Bitcoin. The broker provides managed account investors with PAMM funds, structured products, and social-trading via the Signals Market on Metatrader.

 

Trading Accounts

While most forex brokers offer several basic account types, Alpari provides its clients with a choice of six order to suit the needs of traders of all levels of experience and preferences. Alpari`s clients may choose between fixed and variable spreads, instant and market execution, commission-free, and commission involving accounts, two basic trading platforms (MT4 and MT5), and so on.

Besides, Alpari provides advanced PAMM account services, allowing investors to earn on Forex without trading on their own and managers to get additional income through efficient management of investors’ funds. Clients are offered to choose between a PAMM Account or a ready-to-use PAMM Portfolio (a collection of several PAMM Accounts) and also create their own portfolio using the portfolio builder.

 

The Company & Safety of Funds

The Alpari group of companies have multiple entities that use the Alpari brand that is regulated in different emerging and offshore regulatory hubs with offices in Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Moldova, and Mauritius. Two of Alpari’s entities in Russia are licensed by the Central Bank of Russia (CBR), including Alpari Forex LLC, and Alpari-Broker LLC. In Belarus, the brand has an entity authorized by the National Bank of the Republic of Belarus.

Its other offshore entities include Alpari International Limited which maintains licenses with Belize’s Financial Services Commission (FSC), and the Financial Services Authority (FSA) of St. Vincent and the Grenadines under the same entity name (Alpari Limited) which is a member of the Financial Commission, a Hong Kong-based EDR for forex.

 

Commissions & Spreads

The commissions and fees at Alpari vary depending on the account type and platform used. For example, in the ECN.MT4 account, average spreads on the EUR/USD were listed as 0.8 pips by Alpari which is quite low, whereas spreads on the NANO.MT4 account was 2.0 pips for the EUR/USD pair.

Aside from the nano account, which has no minimum deposit requirement, the other accounts can be opened with amounts ranging from $300 to $500, and the execution method may also vary across account types, depending on the account opened.

 

Leverage

The maximum leverage rates at Alpari are quite high, reaching at 1:1000.

 

Platform

Alpari is a MetaTrader-only broker. This means it offers the suite of platforms from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web.

 

Deposit & Withdrawal

Clients of Alpari are offered a variety of payment options to choose from Credit/Debit cards (Visa, MasterCard, UnionPay), Bank wire transfers, and the following e-wallets such as Neteller, bitPAY, Webmoney and FasaPay.

 

Conclusion

Alpari has done a great job streamlining the signup process so users can easily select from the five available account types during the registration process. With three different account options for MT4 and two for MT5, traders have plenty of choices when considering the range of markets, execution type, and applicable spreads to access at Alpari.

 


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