Alpari Broker Review

Is Alpari a scam?

Alpari is a retail forex and contracts for difference (CFD) broker, which operates in multiple jurisdictions around the world. As such, it is subject to various regulatory frameworks, depending on the location in which it operates.

In the UK, Alpari (UK) Limited was regulated by the Financial Conduct Authority (FCA), but this company ceased trading in 2015. The Alpari brand is now owned by Exinity Limited, which is regulated by the Financial Services Commission (FSC) in Mauritius.

In addition, Alpari International Limited, which is a subsidiary of Exinity Limited, is regulated by the International Financial Services Commission (IFSC) in Belize. It is also registered with the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

As a regulated broker, Alpari is required to comply with various regulations and standards to ensure the safety and protection of its clients’ funds. This includes segregating client funds from its own operating funds, maintaining adequate capital reserves, providing negative balance protection, and implementing strict security measures to protect against fraud and cyber-attacks.

In terms of safety, Alpari provides clients with the option to use two-factor authentication (2FA) to enhance their account security, as well as offering secure online payment options, such as Skrill, Neteller, and FasaPay.

Overall, while Alpari is subject to regulation in multiple jurisdictions, it is important for clients to conduct their own due diligence and research before opening an account with any broker.

Forex Brokers Ranking

Rank	Broker	Review	Open Account	Bonus	Platform	Minimum Deposit	ECN
1	Exness		Open Exness account	16$/lot	MT4, MT5, Exness, ...	1$	10$
2	IC Markets		Open IC Markets account	-	MT4, MT5, cTrader	200$	200$
3	XM		Open XM account	30$	MT4, MT5	5$	-
4	XTB		Open XTB account	2000$	MT4, xStation 5	1$	1$
5	FBS		Open FBS account	140$	MT4, MT5, FBS Trader	1$	1000$

Alpari Trading Platforms

Alpari offers a range of trading platforms for its clients, including:

1. MetaTrader 4 (MT4): This is the most popular and widely used trading platform in the forex industry. It is a comprehensive platform that offers advanced charting tools, technical indicators, and automated trading through expert advisors (EAs).
2. MetaTrader 5 (MT5): This is the successor to MT4 and offers similar features but with additional functionalities such as more advanced order types and a built-in economic calendar.
3. Alpari Mobile: This is a mobile app that allows clients to access their trading accounts and trade on-the-go from their smartphones or tablets. It is available for both iOS and Android devices.
4. Alpari Invest: This is a platform that allows clients to invest in a range of managed investment portfolios, designed and managed by professional traders.
5. Alpari CopyTrade: This is a social trading platform that allows clients to copy the trades of experienced traders in real-time.

In addition to these platforms, Alpari also offers a web-based platform called Alpari WebTrader, which allows clients to trade directly from their web browser without the need for any downloads or installations.

Overall, Alpari offers a range of trading platforms to suit the needs of its clients, from beginner traders to experienced professionals.

Products Alpari provides

Alpari offers a range of financial products for trading, including:

1. Forex: Alpari provides access to a wide range of major, minor, and exotic currency pairs, with tight spreads and competitive trading conditions.
2. Contracts for Difference (CFDs): Alpari offers CFDs on a range of assets, including indices, commodities, stocks, and cryptocurrencies.
3. Precious metals: Alpari allows clients to trade precious metals such as gold and silver, which are considered safe-haven assets and are popular among traders during times of market uncertainty.
4. Futures: Alpari provides access to a range of futures contracts, including agricultural products, energy, metals, and financial futures.
5. Exchange-traded funds (ETFs): Alpari offers trading on a range of ETFs, which allow clients to gain exposure to a diversified portfolio of assets through a single investment.
6. Managed investment portfolios: Alpari also provides clients with the option to invest in managed investment portfolios, designed and managed by professional traders.

In addition to these products, Alpari also provides educational resources and research tools to help clients improve their trading skills and make informed trading decisions.

It’s worth noting that the availability of products may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific products available in their region.

Alpari account types

Alpari offers a range of account types to suit the needs of different traders, including:

1. Standard Account: This account is suitable for new traders and those who prefer fixed spreads. The minimum deposit for this account is $20.
2. Micro Account: This account is designed for traders who want to start with smaller amounts and trade with lower risks. The minimum deposit for this account is $5.
3. ECN Account: This account is suitable for experienced traders who want to trade with tight spreads and faster execution speeds. The minimum deposit for this account is $300.
4. Pro Account: This account is designed for professional traders who want to trade with lower commission fees and customized trading conditions. The minimum deposit for this account is $25,000.
5. Demo Account: Alpari also offers a free demo account for traders who want to practice trading with virtual funds before risking real money.

In addition to these account types, Alpari also offers Islamic (swap-free) accounts for clients who adhere to Sharia law.

It’s worth noting that the minimum deposit and trading conditions may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific account types available in their region.

Alpari trading fees

Alpari charges different types of trading fees depending on the account type and the financial product being traded. Here’s an overview of some of the fees charged by Alpari:

1. Spreads: Alpari offers both fixed and variable spreads, depending on the account type and the financial product being traded. Spreads start from as low as 0.1 pips for major currency pairs.
2. Commissions: Alpari charges commissions on ECN and Pro accounts, which range from $1.5 to $3 per lot traded, depending on the account type and the financial product being traded.
3. Overnight fees: Alpari charges overnight fees (also known as swap fees) on positions held overnight, which vary depending on the financial product being traded and the account type.
4. Inactivity fee: Alpari charges an inactivity fee of $5 per month on accounts that have been inactive for more than 90 days.
5. Deposit and withdrawal fees: Alpari does not charge any deposit or withdrawal fees, but fees may be charged by payment providers or banks.

It’s important to note that trading fees may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific fees applicable to their account and region.

Alpari Funding and Withdrawal Options

Alpari provides a range of funding and withdrawal options for its clients, including:

1. Deposit Options: Alpari allows clients to fund their trading accounts using a variety of methods, including bank wire transfers, credit/debit cards, and e-wallets such as Skrill, Neteller, and FasaPay. The minimum deposit amount varies depending on the account type and the funding method used.
2. Withdrawal Options: Alpari allows clients to withdraw funds from their trading accounts using the same methods used for deposits. Withdrawals are processed within 24 hours, but the time it takes for the funds to reach the client’s account depends on the withdrawal method used.
3. Fees and Processing Time: Alpari does not charge any fees for deposits or withdrawals, but fees may be charged by payment providers or banks. The processing time for deposits varies depending on the funding method used, but most methods are processed instantly or within a few hours. The processing time for withdrawals also varies depending on the withdrawal method used, but most methods are processed within 24 hours.

It’s worth noting that the availability of funding and withdrawal options may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific options available in their region.

Alpari’ promotions

Alpari offers various promotions and bonus programs to its clients, including:

1. Deposit Bonus: Alpari offers a deposit bonus to new and existing clients who make a deposit into their trading account. The bonus percentage and terms and conditions vary depending on the promotion.
2. Cashback Program: Alpari offers a cashback program that rewards clients for their trading activity. The amount of cashback received depends on the trading volume and the financial product traded.
3. Trading Contests: Alpari organizes regular trading contests that offer clients the chance to win cash prizes or trading credits. The contests usually involve trading specific financial products and achieving the highest returns within a specified time period.
4. Referral Program: Alpari offers a referral program that rewards clients for referring new clients to the broker. The rewards may include cash bonuses or trading credits.

It’s important to note that the terms and conditions of these promotions may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific promotions available in their region. Additionally, clients should carefully read and understand the terms and conditions of any promotion before participating, as some promotions may have restrictions or conditions that apply.

Alpari customer support

Alpari provides customer support through various channels, including:

1. Live Chat: Alpari offers a live chat service that allows clients to chat with a support representative in real-time. The service is available 24/5.
2. Email Support: Clients can also contact Alpari’s customer support team by email. The broker aims to respond to all email inquiries within 24 hours.
3. Phone Support: Alpari offers phone support in several languages. The phone support hours vary depending on the region, but generally, support is available 24/5.
4. FAQ Section: Alpari provides a comprehensive FAQ section on its website, which covers a range of topics related to trading, accounts, funding, and more.
5. Social Media: Alpari is active on several social media platforms, including Facebook, Twitter, and LinkedIn. Clients can use these platforms to stay updated on the latest news and developments from the broker, as well as to contact customer support.

It’s worth noting that the availability of customer support may vary depending on the jurisdiction in which Alpari operates, and clients should check with the broker for the specific support options available in their region. Additionally, clients should always remember to provide their account details when contacting customer support to ensure a prompt and accurate response.

Alpari Educational Resources

Alpari provides a range of educational resources to help traders improve their knowledge and skills, including:

1. Webinars: Alpari regularly hosts webinars that cover a variety of trading topics, including market analysis, trading strategies, and risk management. The webinars are led by experienced traders and market analysts and are available to both new and experienced traders.
2. Articles and Tutorials: Alpari’s website features a comprehensive library of articles and tutorials that cover various trading topics, including technical and fundamental analysis, trading psychology, and more. The articles are written by experts in their respective fields and are designed to be easy to understand.
3. Video Tutorials: Alpari offers a series of video tutorials that cover a range of trading topics, including trading platforms, order types, and trading strategies. The videos are designed to be short and easy to follow, making them ideal for new traders.
4. Trading Tools: Alpari provides a range of trading tools, including economic calendars, market analysis, and trading signals. These tools can help traders make more informed trading decisions and stay up-to-date with the latest market developments.
5. Demo Accounts: Alpari offers demo accounts that allow traders to practice trading in a risk-free environment. The demo accounts are loaded with virtual funds and provide access to real-time market data, allowing traders to test their strategies without risking real money.

Overall, Alpari’s educational resources are comprehensive and designed to cater to traders of all skill levels. Whether you are a new trader looking to learn the basics or an experienced trader looking to improve your skills, Alpari has something to offer.

Pros and cons of Alpari

Pros of Alpari:

1. Regulated Broker: Alpari is a regulated broker, which means it is held to strict standards regarding client fund protection, transparency, and fair trading practices.
2. Wide Range of Products: Alpari offers a wide range of financial products, including forex, stocks, commodities, and cryptocurrencies, giving clients the opportunity to diversify their trading portfolio.
3. Multiple Trading Platforms: Alpari offers several trading platforms, including MetaTrader 4 and 5, as well as a web-based platform and mobile apps. This provides clients with a range of options to choose from, depending on their trading needs.
4. Educational Resources: Alpari provides a range of educational resources, including webinars, articles, video tutorials, and demo accounts, which can help traders improve their knowledge and skills.
5. Customer Support: Alpari provides customer support through various channels, including live chat, email, phone, and social media, making it easy for clients to get help when they need it.

Cons of Alpari:

1. Limited Availability: Alpari is not available in all jurisdictions, which may limit its accessibility for some traders.
2. High Spreads: Alpari’s spreads can be higher than some of its competitors, particularly on some of its forex pairs.
3. Limited Deposit and Withdrawal Options: While Alpari offers several funding and withdrawal options, these options may be limited depending on the jurisdiction in which the client resides.
4. Inactivity Fees: Alpari charges inactivity fees on accounts that have been inactive for 180 days or more, which may be a drawback for traders who do not trade frequently.
5. Limited Research Tools: While Alpari does offer some research tools, such as economic calendars and market analysis, these tools may be more limited compared to some of its competitors.

It’s important to note that the pros and cons of Alpari may vary depending on the individual trader’s needs and preferences. Therefore, it is always recommended to carefully review the broker’s offerings and terms and conditions before opening an account.

Frequently asked questions about Alpari

Here are some frequently asked questions about Alpari:

1. Is Alpari a regulated broker?

• Yes, Alpari is a regulated broker. It is licensed and regulated by multiple regulatory authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

2. What trading platforms does Alpari offer?

• Alpari offers several trading platforms, including MetaTrader 4 and 5, as well as a web-based platform and mobile apps for iOS and Android devices.

3. Does Alpari offer a demo account?

• Yes, Alpari offers a demo account that allows traders to practice trading in a risk-free environment using virtual funds.

4. What products can I trade with Alpari?

• Alpari offers a wide range of financial products, including forex, stocks, commodities, and cryptocurrencies.

5. What are the deposit and withdrawal options with Alpari?

• Alpari offers several deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. However, the availability of these options may vary depending on the jurisdiction in which the client resides.

6. Does Alpari charge commissions?

• Alpari may charge commissions on certain trading products, such as shares and cryptocurrencies. However, this varies depending on the specific account type and trading platform used.

7. Does Alpari offer customer support?

• Yes, Alpari offers customer support through various channels, including live chat, email, phone, and social media.

8. Does Alpari charge inactivity fees?

• Yes, Alpari may charge inactivity fees on accounts that have been inactive for 180 days or more.

9. Can I trade with Alpari if I am not in the UK?

• Yes, Alpari operates in multiple jurisdictions, and its services are available to clients in many countries around the world. However, the availability of certain services may vary depending on the jurisdiction in which the client resides.

10. How can I fund my Alpari account?

• Alpari provides several funding options, including bank transfers, credit/debit cards, and e-wallets. The availability of these options may vary depending on the jurisdiction in which the client resides.

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