Alpari Review – Discussing The Ups & Downs Of A Forex Broker During 18 Years Of Its Operations

Alpari began its journey in the Forex industry during the 1998 financial crisis in Russia and had virtually zero chance of succeeding in the financial markets. Nevertheless, the company’s founders were persistent in their efforts to innovate their Forex offerings through advanced Forex trading protocols and the rising popularity of internet among global retail traders. Eventually, Alpari grew to a leading Forex powerhouse that quickly expanded to different major financial capitals in the world, thereby helping the company to enjoy more than 18 years in the industry. Alpari is not without faults, as the company had its fair share of misfortunes along with some commendable services that have helped the broker to acquire more than a million clients from across the globe. Alpari has been in the industry long enough to understand the importance of customer satisfaction, which is why the company has provided different avenues for customers to contact their account managers through professional customer service channels. Let us take a closer look at the overall performance of the broker in real-life scenarios through this detailed Alpari Forex broker review.

Forex trading with Alpari: dependability and innovation in tradingLeverage – 500
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Contact Info

  • Website:
  • Support: Tel: +44 8449 869559
  • Headquarters:
  • Alpari International Limited
  • 2nd Floor
  • The Catalyst
  • 40 Cybercity, Ebene
  • Republic of Mauritius

Is Alpari Properly Regulated?

Perhaps one of the most important and deciding factors that may tilt the scales against Alpari is their poor regulatory status, along with a number of broker insolvency procedures and regulatory sanctions. Alpari has been negotiating the highly competitive Forex markets through their tried and tested management strategies, but there have been lapses in judgment that had led to severe consequences. One of the main reasons for regulatory failures may be witnessed from the broker’s insolvency procedure in the UK after the CHF crisis, which saw its UK operations being wound up as per the UK’s guidelines in January of 2015. The Financial Conduct Authority (FCA) of the UK does have several broker insolvency procedures in place to protect investors from such an event, which is why Alpari was able to maintain its integrity right through the insolvency proceedings. At present, Alpari is regulated by the Financial Services Authority of the St. Vincent & the Grenadines, and the International Financial Services Commission of Belize. Both of these countries are known for their tax haven status, and might not be particularly popular among modern retail traders. Nevertheless, Alpari has the distinction of being one of the founding members of the National Association of Forex Dealers and is still considered to be at the forefront of offering a safe and secure trading experience. Nevertheless, traders may feel a bit insecure while trading with a company that has a comparatively inferior regulatory status than some of the other mainstream Forex trading companies in the market.

Let’s Talk About The Primary Alpari Account Options

Alpari gives the choice of six different Forex trading accounts, which does mean that every trader can find a trading account that suits his/her trading preferences. Alpari does not stipulate any minimum capital requirement for its Nano.MT4 account, which is the smallest account option for Alpari clients. The Nano account, also known as a Cent account, allows traders to open the account in USD and EUR base currencies, where the maximum Alpari leverage is 1:500. There is a choice of 44 different currency pairs along with 2 spot metals, and the spreads start from a fixed 2 pip on major currencies. For traders that are looking for slightly competitive Alpari spreads, the Standard account option may be able to offer a reduced floating spread that begins from 0.3 pips. The Standard account is available in two different versions, the Standard.MT4 and the Standard.MT5 accounts. There are subtle differences between the MT4 and MT5 standard accounts, which include a few changes in leverage settings and the trading platforms. The MT4 account is eligible for a maximum leverage of 1:1000, while the MT5 account is restricted to a maximum of 1:100. The Standard account is not too expensive in terms of initial trading capital, as traders can open a Standard account for $100. Alpari also offers an ECN account option in three different account packages, the ECN.MT4, the Pro.ECN.MT4, and the ECN.MT5 accounts. The ECN.MT4 account is offered to traders for a minimum deposit of $300, which has floating spreads from 0.1 pips that do not contain a commission for trading. The ECN.MT4 account is suitable for traders who seek ECN conditions without the associated cost of commission. The ECN.MT4 account gets access to a maximum leverage of 1:1000. The Pro.ECN.MT4 and the ECN.MT5 accounts are the largest account offerings, which require a minimum deposit of $500. The leverage is reduced to 1:500 for the MT4 ECN account and 1:100 for the MT5 ECN account. The spreads are floating and guaranteed of 0 pip raw spread, but the commission is a bit too steep at $16 per round lot traded. In comparison, ECN brokers do offer competitive commissions of $4 to $8 per round turn traded, which may make Alpari a slightly expensive broker to trade the financial markets. The ECN accounts offer 3 commodity CFDs and 10 stock index CFDs, along with the standard 44 currency pairs and 2 spot metals. The ECN account also provides the least conflict of interest, as all orders are executed at market conditions. For those who are interested in alternative investment options, the Alpari Binary Options trading account may offer a unique trading experience, but you should remember that binary options trading is inherently riskier than FX and CFD trading. Binary options trading are similar to betting and gambling services, which is why a trader should be extremely cautious while dealing with such high-risk products.

MT4 & MT5 As Alpari Trading Platforms

alpari king of the hillAlpari offers both versions of the MetaTrader terminal, in its MT4 and MT5 versions, thereby covering a significant part of the retail trading market. The MT4 is the more popular version of the two, but the MT5 may offer added advantages and features that are relevant to modern traders. Alpari mobile trading platforms are offered in the form of MetaTrader mobile apps for iOS and Android devices, along with the availability of the MT4 WebTrader for browser-based trading. Although the MT4 and MT5 platforms are developed by the same company, traders may not be able to use the MT4 EAs on the MT5 platform due to the distinct differences in programming interfaces. Therefore, you have to choose your preferred trading platform and your desired account at the time of opening the account.

Alpari Bonuses, Customer Service, & Funding Options

Alpari, due to the lack of any serious regulatory limitations, offers one of the best Forex bonuses offered by mainstream Forex trading companies. Traders may be eligible for up to 100% in deposit bonuses, while there are additional promotions such as cash backs, reward programs, and affiliate partnership. Alpari covers a wide variety of payment options, including bank transfers, credit/debit card payments, and electronic payment processors such as Skrill and Neteller. The broker even offers customer service channels through phone numbers, live chat (Skype), and email addresses, thereby making it easy for clients to get in touch with the broker’s customer representatives for any grievances. Alpari has excellent Forex trading packages that are available for smaller investments, which are combined with manageable costs of trading. However, traders are wary of the risks of trading with non-regulated Forex brokers, in particular with a company that has been rendered insolvent in the UK, one of the largest financial capitals of the world. Therefore, browse through our different recommended Forex broker options, and open an Alpari demo account before opting for a real live trading account.