Alpari Broker Review

This prominent FX broker is one of the oldest. This year, it turns 22! The company operates on three continents and offers hundreds of trading instruments. Here are the key advantages of working with Alpari. The brand has a powerful website, a solid presence on social media, and a long history of sponsorship.

Geography and Regulation of Alpari

Once, Alpari was a modest provincial dealing center. Since 1998, it has gone on to become one of the leading names in the industry. Now, it has over 2,000,000 clients and offices in eight locations. 

The Alpari Limited brand is registered in Kingstown, Saint Vincent, and the Grenadines. The company is included in the Registrar of International Business Companies, and it is authorized by the Financial Services Authority of Saint Vincent and the Grenadines. All details are available in the footer of the official website. 

In addition, the broker is also a member of the Financial Commission. This global organization specializes in dispute resolution within the FX industry. All accounts provide negative balance protection. This means that a client may never lose more than their balance. Even in the case of highly leveraged trades, their losses are kept in check.

Range of Instruments

The broker focuses on Forex, and its services suit any budget and skill level. There are 46 currency pairs, precious metals (gold and silver), and Contracts for Difference (CFDs). Clients may develop diverse portfolios and thereby limit risks. Obviously, Forex is the core sphere of interest.

Overview of Trading Technology

The broker renders services to users of MetaTrader 4 and MetaTrader 5. Both are available as desktop software, web-based systems, and mobile apps. The earlier version is recommended to newbies and currency traders. As clients begin expanding their portfolios, they switch to MT5 that has more indicators, charting aids, and other features. 

In addition to these generic solutions, clients may use three proprietary platforms. The first one is Alpari Mobile, which allows one-tap deposits. This environment provides everything a client needs. The app for iOS and Android is packed with handy features like live quotes, expert reviews, economic calendars, etc.

The Alpari Invest app allows clients to manage all their instruments. They can use PAMM accounts and assemble broad portfolios. This is an all-around investment platform for mobile use. All deposits and withdrawals may be managed on the go, and updates on the broker’s products are instantly available. The system works on iPhones, iPads, and Android devices. 

Finally, the broker offers a proprietary system for fix-contract trading. A trade may be made using only a couple of buttons. The Fix-Contracts Trader platform and the Alpari Fix-Contracts app share most of their functionality. Both products have an intuitive interface and simple navigation. The former, however, allows trading directly via any browser.

 Account Types

At present, the broker offers five types of accounts. Each is compatible with a certain version of the trading terminal. The base currencies for all accounts are USD and EUR (US dollars and Euro cents for Nano accounts). 

1. Nano Account

This account for MT4 may be opened with any size of the deposit. It gives access to 33 currency pairs and two metals. Leverage may reach ‎1:500. 

2. Standard Account (MT4 or MT5)

To trade on MT4, you need at least $20, while the MT5 account requires $100. Both types offer the same leverage: between 1:10 and 1:1,000. The range of instruments is also identical to the Nano account. 

3. ECN MT4 Account 

This option requires at least a $300 deposit. The first advantage is higher leverage (between 1:2 and 1:3,000). The account gives access to more currency pairs (46), 18 CFDs, and the same two metals.  

4. Pro ECN MT4 Account

The size of the minimum deposit is higher – $500. As the account is of the ECN type, the broker charges a commission – 16 USD per 1,000,000 USD. This makes Pro ECN particularly attractive to high-volume traders. 

5. ECN MT5 Account

The conditions are identical to ECN pro for MT4. The only difference is the use of another platform. 

Clients may also lower their costs through the Alpari Cashback program. They get bonus points for trading and investing, which are converted into cash or discounts. For example, the company provides a 40% refund on swaps and a 50% refund on commission on a deposit. There are also five types of PAMM accounts. These allow clients to invest in the accounts of experienced traders.

6. Demo Account

Leverage

As a responsible operator, Alpari educates its clients on the risks of leveraged trades. The broker offers up to 1:3,000 leverage based on the instrument, volume, and account type. This option boosts the clients’ purchasing power, so they may access volumes much larger than their balances. Still, trading on margin always magnifies potential losses.

Customer Support

The company may be contacted by phone, live chat, or email. Queries are also accepted via Skype calls and messengers. Clients may use Viber, Telegram, VK, and Facebook messenger. This variety of communication methods ensures convenience for every client. The website also features a list of contact details for several departments and their working hours. 

Awards

The broker has received worldwide recognition for its services and technological solutions. The list includes FX Empire Awards of 2017, Finance Magnates Awards of 2015, Forex Expo Awards in 2014, and others. 

Conclusion of Alpari Review

Today, alpari.com is a powerful Forex broker which also gives access to CFDs and metals. The company offers a variety of accounts for traders and investors. Newbies can practice with a free demo account, and professionals can use a wide range of PAMM systems. 

MetaTrader platforms and the broker’s own software ensure smooth access on any device, and support is a click or a tap away. These benefits, along with easy deposits and withdrawals and tight spreads, mean that Alpari suits the needs of most traders. The broker provides a wealth of educational resources. Its wide range of communication methods means that clients can always receive prompt assistance.