The Alpari brand was founded in 1998 by a group of Russians. They quickly gained a good reputation and became highly popular. Since then, they have expanded their operations on a global scale, with offices worldwide. In 2016, Alpari International moved its headquarters to Mauritius.
By the end of 2017, Alpari International had achieved an annual turnover of US $ 1.3 trillion. Currently, the broker has more than 2 million customers. Alpari International has achieved this growth with its dedication to maintaining a high standard of excellence and putting its customers first. They pride themselves on offering a reliable, reliable and technologically advanced trading environment, as well as excellent customer service.
This broker has won a number of awards, including the most innovative broker of the 2017 FX Empire Awards and the most trusted broker of 2017 for binary options. Although they serve much of the world, Alpari International does not accept customers from certain countries. This includes the United States, Canada, New Zealand, Mauritius, Japan, Russia and Ukraine.
Alpari’s international regulation and licensing
Our Alpari International Review team found that this broker is licensed by the Mauritius Financial Services Commission, under license number C113012295. They obtained this license in 2013. Although the Mauritius Financial Services Commission is not the most stringent regulatory body in the world, it is still effective in ensuring that licensed brokers provide quality services to their clients.
This broker is also a member of the Financial Commission. An international and independent organization, FC offers brokers and traders a way to resolve disputes using a third objective. This organization also has a compensation fund that provides coverage for clients of all member brokers. This means that, as a trader at Alpari International, you will receive up to 20,000 euros in the unlikely event that the broker is unable to meet your financial commitments to you.
Like any reputable broker, Alpari International keeps its clients’ funds in segregated accounts. If the broker goes bankrupt, the client’s funds cannot be used to cover his outstanding financial obligations. This broker also ensures that they take all necessary precautions to keep your personal information safe.
Deposit and withdrawal options
When depositing funds with Alpari International, there are several financing methods available. The methods are detailed on the broker’s website. If a user is logged in to their account, they can also view additional options by selecting the “My money” and “Deposit funds” tabs on the left side of the page. Although most deposit methods are exempt from commissions, there are withdrawal fees that vary depending on the withdrawal method. They are highlighted on your website, as shown below:
Mobile trading platforms
Traders can download the MetaTrader 4 and MetaTrader 5 trading apps for iOS and Android operating systems, through their respective app stores or through the “My platforms” section, once logged in as a user, as shown in the screenshot screen below:
The MetaTrader trading app offers a variety of features for traders to access their accounts on the go.
The MetaTrader 4 trading application offers:
• All types of orders and execution modes
• 3 types of graph visualizations: Bars, Candlesticks and Line
• 9 different visible periods
• 30 different commercial indicators
The MetaTrader 5 trading app offers:
• Financial news notifications
• Clearing and coverage account options
• Depth of the market
• Complete set of orders, including pending and stop orders
What are Alpari’s spreads and rates?
Like most brokers, Alpari charges a spread fee, which is the difference between the purchase and sale price of an instrument.
The commissions and spreads shown below are based on the minimum spreads listed on the Alpari website. The colored bars show how competitive Alpari spreads are compared to other popular brokers featured on BrokerNotes.
As you can see, Alpari’s minimum spread for EUR / USD trading is pips – which is relatively low compared to the average EUR / USD spread of 0.70 pips. Below is a detailed analysis of how much it would cost to trade a EUR / USD lot with Alpari x similar brokers.
How is Alpari’s commercial experience?
1) Platforms and applications
Alpari is one of the few brokers offering both MetaTrader platforms; MT4 and MT5. Alpari also offers mobile apps for Android and iOS, making it easy to monitor and execute your operations while you’re on the go.
2) Running business
With Alpari, the minimum and maximum trading requirements vary according to the trader and the instrument. As Alpari offers ECN and STP execution, you can expect very reduced spreads with more transparency about the price you are paying to execute your trades.
As with most brokers, margin requirements vary according to the trader, the accounts and the instruments. You can see the most recent margin requirements on their website.
3) Customer support
Alpari supports a wide variety of languages, including English, Russian, Chinese, Arabic, Indonesian, Hindi and Spanish. Alpari has a double AA support rating from BrokerNotes, because it offers more than three live support languages via chat and email.
4) What you need to open an account with Alpari
As Alpari is regulated by the FSA (Saint Vincent and the Grenadines), every new customer must undergo some basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you will probably be asked the following, so it’s good to have this information handy:
• A color scanned copy of your passport, driver’s license or national ID
• A utility bill or bank statement for the past three months showing your address
You’ll also need to answer some basic compliance questions to confirm how much business experience you have, so it’s best to take at least 10 minutes to complete the account opening process.
Although you can explore the Alpari platform immediately, it is important to note that you will not be able to do operations until you are approved for compliance, which can take several days, depending on your situation.
Spreads and Commission
Alpari International’s offering is spread across major currency pairs of just 0.4 pips, which are some of the tightest on the market. The spreads available in the trades will depend on the type of account held. The micro MT4 account offers spreads from just 1.7 pips when trading the major Forex pairs.
If you choose to open a standard MT4 account, these traders will receive 1.2 pips spreads on major Forex pairs. If you are a more experienced trader, ECN account spreads start at just 0.4 pips for the main ones.
If you are a professional trader who wants to trade individual shares, 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 round trip lot.
There is a free demo account available, which can be used as a risk-free way to learn how to trade without depositing funds. You will have access to the MT4 and MT5 platforms, where you can test a variety of popular trading strategies. Your demo account will be loaded with virtual funds, so you can take a practical approach to learning the art of trading.
• Offers and Promotions
They are known to run regular promotions for their customers, such as the long-term loyalty refund program. Every lot traded by the customer results in a cash refund. There are five possible bonus levels, with each bonus withdrawable in cash.
It is worth checking the promotions area regularly, as new offers and incentives are often available. For example, they regularly offer recharge credit for some deposits. This can increase your deposits by up to 30%. If you are unsure whether you are eligible for a specific promotion, please see the detailed terms and conditions.
• Regulation and Licensing
Alpari International is one of the most trusted brokerage groups, with a well-established history of more than 20 years. They are fully regulated by the Financial Services Commission of the Republic of Mauritius, through its parent company, Exinity Limited.
They offer negative balance protection; therefore, if a market changes rapidly in relation to its current trade, your account will not fall into a negative balance.
As a member of the Financial Commission, there is an external dispute resolution process available. If a claim is made in favor of the trader, you will have access to compensation up to a maximum of EUR 20,000.
• Additional features
If you are new to trading, have no confidence or are short on time, you can benefit from the Alpari Copy Trading feature. This will offer the same trading emotion, although your account automatically copies the movements of experienced traders using the platform. You can view Alpari International’s top ranking strategy manager, who will display a list of potential traders to follow. They are known as strategy managers and their business movements can be instantly copied to their own account.
If you want to learn the basics of trading, there are a variety of education tools for traders. Just open the “Learn to trade” tab and you will find articles like “The beginner’s guide to trading”. Brokerage services are available for many countries around the world, although the following are currently excluded; Georgia, Ukraine, Turkmenistan, Uzbekistan, Tajikistan, Moldova, Armenia, Kyrgyzstan, Kazakhstan, Belarus, Azerbaijan, Russia, Democratic Republic of Korea, Suriname, Haiti, Japan, Canada, New Zealand, Mauritius and the USA.
Using either the live chat boxes or by contacting them through the highly visible phone number, you can reach customer support between the hours of 5 am and 7 pm GMT.
You can also use Skype to contact them. If you wish to email instead, there is a customer support email. There are separate departments for payments and an operator who is available 24 hours a day Mon-Fri. You can also refer to the FAQ section on the website to find answers to your questions.
Here are the contact details for Alpari:
Email – [email protected]
Phone – +44 8449 869 559
Address – Alpari Limited, Suite 305, Griffith Corporate Centre, Kingstown, St. Vincent and the Grenadines