Alpari Overview
The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies.
The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).
Trading Platform
MetaTrader 5
Account types
There are 4 various account types available as retail trading accounts at Alpari, as well investment through PAMM accounts. The available accounts offering includes specifically designed accounts for various needs either through the choice between platforms MT4 or MT5, alpari.binary, as well as the size of lots and Standard trading feature or PAMM.
It is great at Alpari that you can start trading in the Forex currency market with any amount of funds on the account since there are no minimum deposit requirements. There is also a Demo account, as well traders can sign for a Forex live account to keep the risks as low as possible through trading with a nano.mt4 account where the currency is traded through cents. See some of our finds below:
| Account Type |
Status |
Forex Standard Account
|
- Account currency: USD / EUR / GBP / NGN
- Leverage: Floating from 1:1000
- Minimum deposit: $100 / 1 600 ZAR
- Order execution: Instant Execution
- Spread: From 1.2
- Trading instruments: Majors, Minors, Exotics, RUB – 61
- Spot Metals – 5
- Spot CFDs – 14
|
Forex Micro Account
|
- Account currency: USD / EUR / GBP / NGN
- Leverage: Fixed 1:400
- Minimum deposit: $/€/£ 5, ZAR 80 ₦1 000
- Order execution: Instant Execution
- Spread: From 1.7
- Trading instruments: Majors, Minors – 25
- Spot Metals – 2
|
ECN Pro Account
|
- Account currency: USD / EUR / GBP / NGN
- Leverage: Floating from 1:300
- Minimum deposit: $ 25 000 / 400 000 ZAR
- Order execution: Market execution
- Spread: From 0.4
- Trading instruments: Majors, Minors, Exotics – 54
- Spot Metals – 3
|
ECN Account
|
- Account currency: USD / EUR / GBP / NGN
- Leverage: Floating from 1:1000
- Minimum deposit: $/€/£ 500,ZAR 8 000, ₦20 000
- Order execution: Market execution
- Spread: From 0.4
- Trading instruments: MT4: Majors, Minors, Exotics, RUB – 56
- Spot Metals – 3
- Spot CFDs – 14
- MT5: Majors, Minors, Exotics, RUB – 57
- Spot Metals – 2
- Spot CFDs – 13
|
Alpari Fees
Alpari offers two types of execution the standard or through ECN connection, hence the charges of spread will be applicable according to the chosen method and starting from 0.0 pips. Besides, to see full fees always check funding fees, inactivity fees or other commissions.
- Alpari Fees are ranked good with overall rating 8 out of 10 based on our testing and compared to over 500 other brokers. Overal fees are good, some deposits and withdrawals are free of charge, but we recommend to check based on entity you operate and what method you would use, also mind inactivity fee
| Fees |
Alpari Fee |
Pepperstone Fee |
GMI Fee |
| Deposit fee |
No |
No |
No |
| Withdrawal fee |
No |
No |
No |
| Inactivity fee |
Yes |
Yes |
Yes |
| Fee ranking |
Low |
Low |
Average |
Spreads
While the Alpari trading fees, which are built into the Alpari spread considered to be on a very competitive level among the market offering, you can check out and compare Alpari fees to FP Markets. See below our finds for Standard account trading fees, also in comparison to other proposals.
- Alpari Spreads are ranked low/average with overall rating 7 out of 10 based on our testing comparison to other brokers. We rank it lower since some accounts offering higher than other competitors’ spreads, yet overall fees are around average industry proposal
| Asset |
Alapri Spread |
Pepperstone Spread |
GMI Spread |
| EUR USD Spread |
1.1 pips |
0.2 pips |
1 pips |
| Crude Oil WTI Spread |
1 pips |
8 pips |
5 pips |
| Gold Spread |
4 |
1.4 |
3 |
| BTC USD Spread |
21.2 |
$10 |
626 pips |
Overnight fees
Also, always consider the overnight fee you will pay in case the order is held longer than a day. As an example, going short for EurUsd currency pair will cost you 0.65, and long position -1.31.
Leverage
AS we found, Forex trading performed at Alpari additionally offers highest leverage of a maximum 1:1000.
- Generally, the Forex major currency pairs allow levels of 1:500, and then depending on the chosen trading instrument, thus minor currency pair most often allows leverage of 1:400, while commodities are set to 1:100.
Nevertheless, we advise to be cautious since regulated broker offers dramatically lower leverage for the reasons of safety. Remember to learn how to use leverage smartly, as a high set level may play against you as well, which dramatically increases your risks while trading.
Deposit & Withdrawal Methods
Deposit Method
Alpari offers several deposit methods and different payment options to make deposits. Other than the standard bank transfer and credit cards, deposits can also be made via digital payment systems like Skrill and Neteller. Investors can also deposit by cryptocurrencies or cheques but these funding methods generally take up to seven working days.
Withdrawal Method
Just like the above funding methods, the method for withdrawing funds is also simple. Note that the account needs to be completely verified to be able to withdraw. The payment duration is based on the chosen payment method and it may take from 1 to 3 days till the fund is processed and arrived.
Withdrawal charges depend on the chosen withdrawal method too. E-wallets do not cost a penny but for a standard bank transfer, the withdrawal fees can cost almost 30 dollars, a percent of the fund amount. The popular payment options are – bank wire transfer (both local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, Perfect Money, credit cards, debit cards, and many more.
Customer Support
Alpari have a double AA grade support rating because Alpari offer live chat and email support in multiple languages.
Livechat Support at Alpari
We tested the Alpari live chat and it works well. And sent messages to Alpari livechat through their app and website and recieved a response within 30 seconds.
We tested communicating with Alpari support in multiple languages in multiple countries. Alpari where able to quickly resolve our customer issues.
Email Support at Alpari
We sent several emails to Alpari and answer times overall were excellent. The fastest response from Alpari was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Alpari, but this was our experience sending 10 emails at varying times.
The team resolved and answered our queries. Overall very good email support from Alpari.
FAQ's
What is a trailing stop? Will one be triggered if I am offline?
A “Trailing Stop” applies a special algorithm to a Stop Loss order. When a Trailing Stop is placed, the level of the Stop Loss will change along with price movement. If you open a Buy position, and the price of the instrument increases by a certain number of points, with a Trailing Stop, the level of the Stop Loss will increase as well. If you open a Sell position and the price of the instrument falls, a Trailing Stop order will cause the level of the stop order to decrease as well. Generally speaking, a Trailing Stop causes the level of the Stop Loss to trail the price level.
How long will it take for the funds I withdrew through WebMoney/Skrill to be posted to my account?
Requests for withdrawals using an electronic payment system should be processed within one business day of the time the request was submitted.
For your security, when you make your first withdrawal to a new Webmoney (or Skrill) electronic purse from your Alpari account, our Payments Department will verify your identify by contacting you at your registered email address or calling your registered phone number.
What is a trailing stop? Will one be triggered if I am offline?
A “Trailing Stop” applies a special algorithm to a Stop Loss order. When a Trailing Stop is placed, the level of the Stop Loss will change along with price movement. If you open a Buy position, and the price of the instrument increases by a certain number of points, with a Trailing Stop, the level of the Stop Loss will increase as well. If you open a Sell position and the price of the instrument falls, a Trailing Stop order will cause the level of the stop order to decrease as well. Generally speaking, a Trailing Stop causes the level of the Stop Loss to trail the price level.
What is Forex trading hours ?
With Alpari, you can trade Forex around the clock, 5 days a week:
- From March to October: from 00:05 (GMT+3) on Monday to 23:54:59 (GMT+3) on Friday.
- From October to March: from 01:05 (GMT+3) on Monday to 00:54:59 (GMT+3) on Saturday.
