Alpari – Forex Broker review

Alpari – Forex Broker review
4 (80%) 2 votes

Read Alpari forex broker review, rating and detail information for their services below. Alpari founded in 1998 in Russia. They are operating over 10 years. As per trader’s review, this is a reliable broker with honesty and transparency. They are one of the early pioneer who is offering Metatrader platform suite, including the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software. Alpari offers traders to trade Spot Metals, Stock CFDs, ETF CFDs, Index CFDs and Commodity CFDs. In addition, binary option trading is also available. Binaries can be based on either currencies or spot metals.

Regulation

Alpari is regulated by the Financial Services Authority in United Kingdom. They also regulated in different regulatory boards with offices in Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Moldova, and Mauritius. Additionally, Alpari is regulated by several major regulatory organization from following Countries.

  • Alpari is registered with the US Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED)
  • They are also a member of the US National Futures Association (NFA).
  • Alpari maintained license with Belize International Financial Services Commission license no. 20389 IBC 2012
  • They licensed by Financial Services Authority of Saint Vincent and the Grenadines under license no. IFSC/60/301/TS/17.
  • Alpari Forex LLC licensed by the Central Bank of Russia (CBR).
  • It also authorized by the National Bank of the Republic of Belarus.

Trading Platforms

Alpari provides both MetaTrader 4 and MetaTrader 5 platform developed by MetaQuotes Software to its clients for an efficient and reliable trading experience. Alpari’s MetaTrader offering a wide range of charting tools, trading strategies, scripts and indicators add additional functionality. Alpari also offers iOS and Android mobile trading applications for its MetaTrader platforms. The app is free and can be downloaded from Google PlayStore and Apple App Store.

Alpari BinaryTrader
Alpari BinaryTrader

Alpari provide Metatrader 5 which has a number of new features and technical upgrades. MT5 including a library of free, ready-to-use Expert Advisors (trading robots), indicators and scripts written with MT5’s built-in programming language.

Alpari also provide web-based BinaryTrader platform. This is compatible with all major Internet browsers and most tablets.

Commissions & Spreads

Like other major online Forex brokers, Alpari has no commission for their traders. They have different spreads which will vary in different kind of accounts and instruments. Alpari listed an average spread of 0.8 Pips for ECN.MT4 account. To opening a nano account, no minimum deposit requirement. For other account $300 to $500 required as a deposit.

Please find the below list for different kind of Spreads for Alpari.

Symbol Pips
AUDCAD 0.2
AUDCHF 0.2
AUDJPY 0.2
AUDNZD 0.4
AUDUSD 0.4
CADCHF 0.4
CADJPY 0.4
CHFJPY 0.4
EURAUD 0.4
EURCAD 0.4
EURCHF 0.4
EURDKK 2.4
EURGBP 0.4
USDZAR 4.6

Payment options

Alpari Supports bank transfers, credit cards, Skrill, Neteller, WebMoney and several other online payment programs for deposits and withdrawal.

Support

Customer support at Alpari is available 24/5. There are several ways which you can get in touch with the support team such as email and telephone.

Alpari Detail Information

Company Alpari Limited
Founded in 1998
Offices in China, Cyprus, Germany, India, Japan, Mexico, Nigeria, Russian Federation, Turkey, United Arab Emirates, United Kingdom, United States
Payment options FasaPay, Neteller, Skrill, WebMoney, Wire transfer
Demo platforms MetaTrader 4 (Limited with 21 days of inactivity), MetaTrader 5 (Limited with 30 days of inactivity)
Account currencies Euro, Gold, Great Britain pound, United States dollar
Currency pairs
AUD/CAD AUD/CHF
AUD/DKK AUD/JPY
AUD/NOK AUD/NZD
AUD/SEK AUD/SGD
AUD/USD CAD/CHF
CAD/JPY CHF/JPY
CHF/NOK CHF/PLN
CHF/SGD EUR/AUD
EUR/CAD EUR/CHF
EUR/DKK EUR/GBP
EUR/HKD EUR/ILS
EUR/JPY EUR/NOK
EUR/NZD EUR/PLN
EUR/RUB EUR/SEK
EUR/SGD EUR/TRY
EUR/USD EUR/ZAR
GBP/AUD GBP/CAD
GBP/CHF GBP/DKK
GBP/HUF GBP/JPY
GBP/NOK GBP/PLN
GBP/SEK GBP/SGD
GBP/TRY GBP/USD
NZD/CAD NZD/CHF
NZD/JPY NZD/SGD
NZD/USD SGD/JPY
USD/CAD USD/CHF
USD/CNH USD/CZK
USD/DKK USD/HKD
USD/HUF USD/ILS
USD/JPY USD/MXN
USD/NOK USD/PLN
USD/RUR USD/SEK
USD/SGD USD/TRY
USD/ZAR
Regulated by IFSC (Belize), IFSC/60/301/TS/15; The Financial Commission
Website available in English, Hindi, Indonesian, Russian
Support available in English, French, Persian, Russian, Spanish, Turkish
Support methods Callback, Email, Live chat, Phone, Web form
Trading server time zone EST
Conditions for VIP traders Multiple special offers for traders with deposit from $50,000.

Alpari Features

  • Bonus offers
  • Trading contests
  • Free education
  • Trading by telephone
  • PAMM accounts
  • Segregated accounts
  • Managed accounts
  • Islamic accounts available
  • US traders are welcome

Account Types

  • Standard MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • ECN MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Pro ECN MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading
  • Nano MT4 Account
    • Hedging
    • Trailing stop
    • Pending orders
    • One-click trading
    • Mobile trading
    • Automated trading

iFOREX Review and Rating

iFOREX is a broker that takes responsibility for its traders. Its educational material is vast and although there is only one standard account, the choice of several different platforms makes trading easy for both novice and experienced investors. More bonuses would be beneficial as well. iForex’s prerogative to charge traders $100 to try out their trading platform, this is not the industry standard. Above all, the lack of a MetaTrader 4 platform is a big negative point for this broker.

Support
40%
Platform
50%
Bonus
90%
Commission
80%
Leverage
60%

Pros

  • Multiple Choices of Trading Platforms
  • Many Trading Accounts
  • Good Technical Support
  • Competitive Spreads
  • Good promotional offers
  • Many Trading Competitions

Cons

  • No Localized Telephone support
  • Multilingual support not available
  • Less CFD trading instruments
7.8

Average Score

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