Low - VariableAlpari Review
Table Of Content 👇
Alpari is a pretty large Forex broker that has been servicing traders from around the world for over 10 years.
Through the use of direct market access, thin asset spreads and an array of trading technology, Alpari has managed to register over 1 million clients during this time period. These clients can trade a range of FX and CFD assets with high levels of leverage.
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Pros / Cons
- Segregates client funds
- Established in 1998
- Regulated by FSA (Saint Vincent and the Grenadines)
- Min. deposit from $1
- 250+ financial CFD instruments
- Commission-free trading available
- ECN Trading accounts available
- Can trade on MetaTrader 4/5 and use Alpari CopyTrade
- Low Spreads
- High Leverage
- Award Winning Broker
- Expert Support
- Free Education
- Global Broker
- Limited range of instruments
- Not FCA Regulated
- Limited trader education and research
- Limited trade types
- Limited market analysis
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Leverage
Alpari is one of largest and most experienced forex brands in the world. The brand has over 2 million clients in the world...
Account Types
In addition to the demo account, there are 4 account types which will use real money. These are divided into standard accounts and the enhanced accounts, which are known as ECN types.
The standard accounts are available as a basic option, known as the MT4 MicroAccount and the standard MT4 account, both offer market-maker execution. The accounts for more experienced traders are the standard ECN account and the ECN Pro Account, which offer instant execution.
Although the range of accounts is offered freely, there are certain trading markets which are closed to some accounts. Whichever account you choose it is possible to use one of four base currencies;
- USD
- EUR
- GBP
- NGN (NGN accounts are only available to clients in Nigeria.)
By accepting Nigerian Naira, Alpari International clearly demonstrate their commitment to making trading more accessible. Nigeria is a significant market for the brand.
Assets/Markets
This broker offers a relatively large variety of potential instruments to trade, which are mainly wrapped as Contracts for Difference. Potential trades include the following:
- 10 major US stocks to trade
- More than 60 Forex pairs and crosses
- Commodities such as gold, natural gas, silver and crude oil
- 11 global equity indices
Trading Platforms
One of the most important criteria for a Forex trader is no doubt the types of trading platforms that you will be using.
Alpari makes use of Metatrader technology which was developed by the Metaquotes company. These platforms are the most widely used third party platforms at brokers. They are also well known to millions of traders worldwide.
Metatrader has developed two platforms for these purposes and they are the MT4 and the MT5.
Spreads & Commission
Alpari International offer spreads on major currency pairs of just 0.4 pips, which are some of the tightest on the market. The spreads available on trades will depend on the type of account held. The micro MT4 account offers spreads starting from just 1.7 pips when trading major Forex pairs.
If you choose to open a standard MT4 account, these traders are offered spreads from 1.2 pips on major Forex pairs. If you are a more experienced trader, the ECN account spreads start at just 0.4 pips for majors.
If you are a professional trader looking to trade individual stocks, you will need to open the ECN Pro account. There is no commission charged on this account, compared to the ECN account which charges $3 per lot round trip.
Leverage
The maximum leverage amounts offered will depend on the type of account traders hold. For example, the MT4 MicroAccount offers a maximum available leverage of 1:400. Whereas, the ECN account and the standard MT4 account offer a maximum available leverage of 1:1000.
The 1000 to 1 leverage amount will reduce as the notional trade size of open positions increased. It the total notional value reaches $8 million; the leverage will fall to a minimum level of 25 to 1. If you plan on trading cryptocurrencies and individual stocks, due to regulatory rules the maximum leverage offered is less.
Alpari International do advise that some multiplier levels and certain products are not available to those located in EEA countries. This is due to legal restrictions on traders in these locations.
Deals and Promotions
They are known for running regular promotions for their clients, such as the long-running loyalty cashback program. Every lot which a client trades results in them receiving a cash rebate. There are five possible rebate levels, with each rebate able to be withdrawn as cash.
It is worth checking the promotions area regularly, as new offers and incentives are often available. For example, they offer top-up credit to some deposits on a regular basis. This could see your deposits boosted by up to 30%. If you are unsure whether you are eligible for a particular promotion, take a look at the detailed terms and conditions.
Alpari Short Review
Final Thoughts
The broker provides the ability to trade on more than 250+ financial CFD instruments covering Forex, Metals, Commodities, Stocks and Indices from the globally recognised MetaTrader 4 and MetaTrader 5 trading platforms for desktop, web and mobile platforms. The broker also provides access to Alpari CopyTrade to copy trading positions from other Strategy Managers.
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Alpari is one of largest and most experienced forex brands in the world. The brand has over 2 million clients in the world, operates from 8 different countries and offers its services in over 10 languages. Alpari is regulated by FSC Mauritius. The company offers Gold, Silver, Bitcoin and currency pairs for trading on MetaTrader 4 and MetaTrader 5 platforms. With its dynamic new broker Alpari International, you’re trading with a global broker that is second to none.