Alpari (International) review and test – A good forex broker or not?
Is Alpari a scam or a good Forex Broker or not? – We will find out in this review. Alpari is a well-known brand for online trading and exists for many years. With more than years of experience in investing and financial trading, we will test this Forex Broker. In the next section you will get a professional overview of the conditions, trading platform, and service for Alpari clients. Is it really worth investing money in this company? – Find out in our trusted review.
What is Alpari? – The forex broker presented
Alpari is an online broker of forex trading services. They allow traders to access a wide range of instruments across multiple markets, such as currencies, indices, and commodities. For traders interested in cryptocurrencies such as Bitcoin, Alpari offers Cryptocurrency CFDs.
Alpari is one of the most popular brokers for international traders and present throughout the world with various branches. It is a broker of Russian origin that has developed globally, distinguishing itself for the service of high professionalism, and belongs to the Alpari Group (link Wikipedia). The strength of this broker is the continuous technological innovation of the servers that offer trading services, which make the platforms particularly suitable for those who do scalping and automatic trading through the MetaTrader.
To open a real account, you will need a minimum deposit of at least $/€/£ 5. Alpari also offers a demo account that you can use to practice and become familiar with their platform. Alpari places all client funds in a segregated bank account and uses tier 1 banks for this purpose. Alpari has been established in 1998 and is headquartered in St. Vincent and the Grenadines. For the international brand and regulation, the headquarter is on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius.
Facts about the Alpari Group:
Regulation of the broker: Is Alpari International regulated?
This brokerage company was indeed launched in 1998 and first based in Russia. The broker was growing very fast and settled in the United Kingdom and the US in 2006. Alpari is mainly regulated by the FCA (Financial Conduct Authority), which is the UK’s leading supervisory body. It has, moreover, already been sanctioned by the institution a few years ago for not having established an adequate system against money laundering. This sanction did not, however, put the broker out of the running.
Nowadays Alpari switched the regulation authorities to some offshore and well-known countries where are a lot of online brokers are based. Because of it, Alpari International can provide its clients with high leverage. For example, see the license of the Financial Commission below:
The company is regulated by the Financial Commission in category A which includes € 20,000 coverage for complaints. It is an independent authority which is regulating and testing brokers.
In addition, Alpari International is regulated by the FSC (Financial Services Commission) in Mauritius. It is an official forex dealer license that allows Alpari to offer financial products. See the picture below:
In conclusion, the regulation shows us that Alpari is a legal company that is allowed to offer financial products to traders. From our experience, fraud can be excluded by reviewing the history of the company and the regulations.
Facts about the regulation:
Trading offers: Review of the conditions for traders
Alpari welcomes both beginners and advanced traders. It offers different types of accounts to satisfy all trader profiles. First of all, new traders can start with a free demo account on the site, while more advanced traders can choose between a Micro account, Classic, Pro, and an ECN account.
The minimum deposit on the site is $/€/£ 5, and the Forex Broker does not offer a regular bonus. It does, however, benefit from very tight spreads, which rise in the 0.4 pips for the EUR/USD. The assets available on the portal include around fifty currency pairs, stock market indices, as well as commodities and metals. The minimum trade is 1,000 micro-lots. In terms of leverage, Alpari can bid up to 1,000 times its available capital (leverage), depending on the account held by the trader.
All trading techniques such as scalping, hedging, rollover, and trailing stop are possible on the platform. Alpari exclusively offers MetaTrader 4 and MetaTrader 5 for trading. Apps for iOS and Android are also available for those who want to trade on mobile. For trading aids, practical guides analyze, but also a direct support team is available to members. Video tutorials are published on the site for those who are new to stock market speculation.
Facts and figures about the Alpari Internation rating:
(Risk warning: Your capital is at risk)
Test of the Alpari trading platform
A free demo account allows traders to familiarize themselves with the trading platform of the Forex Broker and to test it with all the features thoroughly. Alpari offers this possibility, as well. Traders can use the Alpari demo account to participate in real-time pricing on the international exchanges, thus testing tactics and strategies comprehensively. During our Alpari test, however, there were no occasional delays, requotes, and slippage.
On the positive side, Alpari provides both the MetaTrader 4 and the MetaTrader 5 via the demo account so that the software can be thoroughly tested. When registering, it should be absolutely stated that you do not want any advertising calls. The demo account is set up with a certain amount of play money. If this is used up, the demo account can be recharged via an email to the support. Thus, the test account can be used indefinitely in combination with the real-time account.
Facts about the trading platforms:
- MetaTrader 4 and 5 are available
- Fast execution and high liquidity
- Customizable indicators and tools for analysis
- Available for any device
- Automated trading, hedging, and more
Analysis and charting for successful trading
Every online broker thrives to give their traders the best of their services, some of which go the extra mile in providing additional educational tools and materials for its traders. Alpari is one of such brokers. Alpari is one platform that offers resources and tools to hone your trading skills and has a number of these resources that are mainly geared to newbie traders. The intermediate or advanced traders are not left out as there are also tools they can use. Let’s have a look.
Forex market reviews
These are regarded as research works published every day. They consist of a number of videos and also written reviews. These seem quite explanatory as the people who made these have an understanding of what they are talking about. The videos can be an advantage as you can play them in the background while conducting your analysis.
Bear in mind that to become successful as a trader, you would need the practical tools that aid you in conducting your fundamental analysis. Alpari, for example, has in-store a lot of information and news sources as regards their fundamental analysis. Some of which include the following:
- Economic Calendar: Forex calendars ensure you are informed of the most relevant upcoming economic news. This way, you have a better advantage to either reduce the level of risks on the way or prepare and plan event-driven trading.
- Holiday Schedule: As much as it is vital to know when relevant economic news will be released, it is also as important to know when national holidays come up. At this time, no country-specific indices would trade hence influencing the liquidity of Forex markets on a worldwide scale.
- Global Interest Rates: Two major factors come into play in the Forex market; these are the relative difference of a country as well as its specific interest rates, which helps you make a well-detailed deduction of these global rates.
As much as the tools listed above will be of great benefit to you on a fundamental level, Alpari also provides specialized tools for those who need help from a technical analysis perspective.
Autochartist to date remains one of the most efficient technical analyses of web apps and MT5 plugins. By trading with Alpari, you get access to the app as well as the plugin.
This web application is responsible for automatically scanning and observing the market, consisting of all essential levels as well. As a result of this, it aids in predicting very likely events. This tool can be used as a significant advantage to either augment your usual analysis or improve upon a new set of strategies.
Using the MT5 plugin helps you clearly outline your parameters, and then the plugins will be responsible for notifying you when vital levels are broken. Also, you have the liberty to run it simultaneously over a wide range of different markets. The Autochartist app and plugin have been built to the ease of newbie traders to improve upon new strategies as they are quite intuitive to use. A number of online resources and guides can help better understand how to use this tool.
Also, the MetaTrader includes:
- Free access to indicators
- Drawing tools
- Multi charting
- One-click trading
- Professional portfolio management
- Insert extern tools or programs
(Risk warning: Your capital is at risk)
Mobile trading with Alpari (App for any devices)
Today, mobile trading is very important for most traders. Even with your smartphone Alpari Internation will give you access to more than 250 markets directly. The advantage of mobile trading is that you can check or manage your trading portfolio 24 hours per day.
The MetaTrader 4 and 5 software is available for any device and you can log in with your trading account details. You only need one account for the software. Furthermore, you get access to the same tools as in the desktop version. It is possible to do a professional analysis with your mobile device.
Characteristics of mobile trading (app):
- Download the MetaTrader app for android or iOS
- One account for any device
- Manage your portfolio 24 hours per day
- React to political or economic events
- Fast execution and secure handling
- Get access to analysis tools
How to open your account with Alpari:
The opening of an Alpari trading account takes place in several steps. Particular attention should be paid to the choice of account type which we will discuss in the next section. Keep in mind that depending on the type of trading account, you are granted a corresponding range of functions. While making a Micro account is enough to make a deposit of $ 5, you can not access all financial products and are limited in some ways, such as the maximum number of open positions.
The pro account, on the other hand, gives you unrestricted access to all trading products and features but requires an account size of at least $ 10,000. It’sIt’s best to think in advance about what you expect from your Alpari account and what you can do with it.
Opening an account requires that you take the necessary steps such as filling in your personal information like address, proof of identity, and so on. Once these steps have been taken, you can go directly into trading. It’sIt’s even faster if you first want to open a demo account. The full name, the email address, and the telephone number are sufficient. The mail with the access data comes in seconds and also contains the download link for the Alpari MT4 and MT5. After installation, you can log in directly and start trading immediately.
Start live trading with Alpari in a few steps:
- Sign up with the registration form
- Connect your email address and phone number
- Answer the broker’s questions
- Upload the documents for live trading
- Enjoy trading
Will new customers receive a bonus?
A fixed bonus like other Forex Brokers is not available at Alpari. Instead, the broker offers regularly changing promotions. There is a loyalty cashback or deposit bonus program. Also, it is possible to get a free bonus if you refer a friend to Alpari. Please inform yourself about the actual promotions on the Alpari homepage.
Overview of the Alpari accounts types
When it comes to choosing a Forex Broker, it is also essential to analyze all the clauses written in small print (which many often do not). Almost everyone is convinced that Alpari is an ECN broker, Non-Dealing-Desk, and direct access to Inter-Bank Market. However, you will find out by reading the clauses well, that the Non-Dealing-Desk (NDD) option only refers to Pro accounts.
Alpari offers 4 different account types which we will compare in the table below. The free demo account is only available for the Standard Account MT4 and ECN Account MT4 and 5.
|Account:||Standard Account:||Micro Account:||ECN Account:||Pro Account:|
|Minimum deposit:||$/€/£ 100, ₦20 000||$/€/£ 5, ₦1 000||$/€/£ 500, ₦20 000||$/€/£ 25 000|
|Spreads starting:||1.2 pips||1.7 pips||0.4 pips||0.4 pips|
|Commission:||No||No||1.5$/lot per side||No|
|Leverage:||1:1000 floating||1:400 fixed||1:1000 floating||1:300 floating|
As we see in the table above traders can start with a small amount of money to get access to the markets. If you do bigger deposits your trading fees will be lower. The Pro Account is the best one for cheap trading because it got tight spreads and you will not pay any commission. In conclusion, it is depending on the trader which account is the best because it is depending on your deposit.
(Risk warning: Your capital is at risk)
How to deposit money on Alpari
To deposit money into the trading account, Alpari offers different payment options. In addition to the classic credit card and bank transfer, fast payments are also possible via the digital payment system Neteller and Skrill. These offer the advantage that the deposited amount is immediately available on the trading account.
Another variant is the deposit by check or cryptocurrencies. However, it can take up to 7 working days before the money is booked into the customer’s account and it is depending on the method. Very interesting is also the possibility to transfer money from another broker directly to the Alpari trading account.
How to withdraw money
Like the deposit process, the withdrawal process is very easy. Keep in mind that your account has to be fully verified in order to do a withdrawal. You can use the same methods as deposit methods. The duration of a payment is depending on your payment method. It can take up from 1 – 3 days until the money is processed and arrived.
For a lot of payment methods, there are not any fees by withdrawing money. Especially e-wallets are for free. A normal bank transfer can cost about 30 dollars a percentage of the amount. Overall, we can recommend Alpari because of its huge variety of payment methods.
Popular payment methods:
- Bank wire transfer (international and local)
- E-Wallets (Neteller, Skrill, WebMoney, Perfect money, VLOAD, and more)
- Credit Cards (VISA, Mastercard, Maestro)
Alpari fees: How much does it cost to trade?
In the trading world, the fees and spreads are major determining factors of your profitability rate, especially when trading with such high degrees of leverage.
Alpari charges no trading fees except the spread and the commission on the assets with which you are trading. This spread is the one found between the bid and the offer in the order books. These spreads will depend on the account you open. Here is the list of the minimum spreads you obtain for every account you open.
If you stop trading for more than 6 months or more, Alpari International will charge an inactivity fee of $/€/£ 5. The fee is not charged if you trade with the demo account or your trading balance is 0.
(Risk warning: Your capital is at risk)
Review of the customer support and service
Alpari International supports a wide range of languages, including English, Russian, Chinese, Arabic, Indonesian, Hindi, and Spanish. The company will support you entirely by phone, email, or live chat. It will always be easy to contact a courteous and experienced professional on one of these channels, from Monday to Friday, from 9 am to 6 pm (EST).
In addition to the classic demo account, you can learn to trade forex with risk-free virtual money. Alpari offers an extensive training section for beginners, the Alpari Academy, where you can find answers to frequently asked questions, quality video tutorials, and web broadcasts. Furthermore, there are live webinars in different languages.
Another appreciation must be made of the tools made available by Alpari, perhaps among the most useful that can be had. Alpari Squawk provides audio commentary on the market. That includes the Central Trading delivers market analysis, a Trader Calculator that allows you to see your positions, understand the margins and analyze any open positions you want to open so that you can follow all the risks in advance.
Facts about the support:
- Supports more than 5 different languages
- Phone, email, and chat service
- Daily analysis
- Trading tutorials and strategies for beginners
- Webinars or live coachings
- Reliable and professional support team
|Support:||Available:||Head office:||Phone and email:|
|Phone, chat, email||Money – Friday 24 hours, Saturday: 11:00 – 16:00,|
Sunday: 12:00 – 20:00
5th Floor, 355 NEX Tower,
Rue du Savoir, Cybercity,
|+442 080 896 850, firstname.lastname@example.org|
Review conclusion: Alpari is a reliable forex broker for traders
If you are a determined investor with a budget to invest so that you can afford the PRO account, Alpari is probably the best Forex Broker you can choose as it puts you in direct communication with the market (ECN) and holds meager commissions.
From our experience, Alpari International is safe, reliable, and properly regulated. It has sufficient capital to support its customers, offers a series of web-based, desktop, and mobile trading platforms, and finally provides high-value tools and quality training to help beginners and experts — a great partner for serious investors.
Since 1998 the company shows us trust because of different regulations. It is a multi-awarded broker that sponsors also sports teams. In conclusion, we can recommend Alpari International for forex and CFD trading.
To avoid losses in the event of a bankruptcy of the broker, traders should pay attention to the security aspects of the provider before the registration and deposit of funds. A traceable regulation and deposit insurance should be the basis that the broker provides for its clients.
Advantages of Alpari:
- Forex Broker since 1998
- Multi regulated group
- Free demo account
- Small minimum deposit
- Different account types
- MetaTrader 4 and 5
- A lot of different payment methods
- More than 250 assets
- NDD and ECN execution (No conflict of interest)
Alpari is since 1998 a reputable forex broker which knows to threaten its clients well. (4.8 / 5)
(Risk warning: Your capital is at risk)