Alpari Review

WHAT IS ALPARI INTERNATIONAL?

According to research in South Africa, Alpari International is a foreign exchange, precious metals and CFD broker which was established in Kazan, Russia, in 1998.
The company is currently licensed as a professional participant of the equity markets for providing brokerage, dealership and money managing services by the Central Bank of Russia.
Alpari is also an associated member of NAFD (National Association of Forex Dealers), a self-regulatory organization created by Forex brokers, and the only SRO accredited by the Russian central bank.
In 2014 Alpari became a top Russian Forex dealer, based on the size of its client base and its average monthly turnover. Alpari has 120 000 active clients, giving it a 28.35% market share.
As such, the company is one of the largest Forex brokers in operation, providing a wide range of services that include tailored guidance, advice and educational resources.
Alpari’s broad client platform covers everything from entry-level traders to seasoned Forex traders. That said, the company is only licensed to trade in Belarus, Belize, Mauritius, and Russia.

SAFE OR SCAM?

Alpari International is a safe bet for traders looking for a diverse platform no matter their skills, whether they be an entry-level or seasoned trader.
The company provides transparent performance statistics, including its order execution speed, slippage, and re-quotes.
To date, 94% of Alpari’s funds have been processed in less than five minutes, and the company has given client approval in 26 minutes. As such, the company has registered positive feedback from 93.7% of its clients.

ALPARI INTERNATIONAL REVIEW OF PRO AND CONS

LEVERAGE

Alpari International’s leverage of 1:1000 gives traders a strong competitive edge. The company may switch the leverage to a maximum of up to 1:100 for all forex currency pairs and spot metals within the hour before the trading session ends on every Friday.
However, before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the account.

ACCOUNTS

Alpari’s selection of live trading accounts are as broad as its customer base. The accounts from which traders can choose include Standard, Micro, Pro and ECN accounts, each of which provide different option from which traders can select.
The company has designed its account selections in this way to cater to the differentiated needs of its clients, so that both first-time traders and established traders can select an account option best suited to their needs.
Standard Account
Alpari International’s standard account is the oldest account on the Forex market, and as such was the first to offer traders the ability to trade standard lots.
The standard account allows traders all levels of access to a relatively user-friendly trading environment.
On the standard account traders can take full advantage of a floating 1:1000 leverage. In this way traders can multiply their profits, but unscrupulous traders might also end up multiplying their losses.
The standard account provides the highest number of financial instruments of all of Alpari’s accounts, with over 80 instruments to choose from.
As such, the standard account is perfect for serious traders. 

• Currencies: USD/EURGBP/NGN
• Minimum Deposit: $/€/£ 100, ₦20 000
• Trading Instruments:
• Majors, Minors, Exotics, RUB – 61
• Spot Metals – 5, Spot CFDs – 14

Micro Account
Alpari’s micro account is so-called because its balance is always displayed in cents. A deposit of ten dollars will appear as 1000 cents in the account.
This simplified trading environment allows traders to exploit opportunities and hone their trading skills before venturing larger amounts of money.
As such, the micro account is perfect for market newbies or traders who want to practice their trading skills.

• Currencies: USD/EURGBP/NGN
• Minimum Deposit: $/€/£ 5, ₦1 000
• Trading Instruments:
• Majors, Minors – 25
• Spot Metals – 2

Pro Account
The Alpari pro account has no commissions or re-quotes, allowing traders to fully execute their trading strategies in more risky conditions. To this end, the account provides lower spreads, higher liquidity and fast execution.
As such, the pro account is perfect for professional traders, institutional traders and hedge fund managers.

• Currencies: USD/EURGBP/NGN
• Minimum Deposit: $/€/£ 25 000
• Trading Instruments:
• Majors, Minors, Exotics – 54
• Spot Metals – 3

ECN Account
Alpari’s Electronic Communication Network (ECN) account functions on the basis of an automated system which gives traders a direct connection with banks, brokerages and various liquidity providers.
The ECN account provides a more flexible and efficient trading environment, and is designed to offer traders the best ask and bid prices from liquidity providers.
The many benefits of trading on a more transparent automated basis has made the ECN system one of the most popular forms of trading today. Its transparency is provided by the fact that orders go straight to other market participants.
The ECN account allows for very low to zero spreads during periods of high market volatility, and continues to trade outside normal market hours and other breaks.
Direct trading enhances execution in the market, and the account’s No Deal Desk technology allows or no re-quotes.
As such, the ECN account is perfect for a range of Forex traders.

• Currencies: USD/EURGBP/NGN
• Minimum Deposit: $/€/£ 500, ₦20 000
• Trading Instruments:
• MT4: Majors, Minors, Exotics, RUB – 56
• Spot Metals – 3
• Spot CFDs – 14
• Crypto-Currencies – 4
• MT5: Majors, Minors, Exotics, RUB – 57
• Spot Metals – 2
• Spot CFDs – 13

MARKET INSTRUMENTS

Alpari International provides over 250 trading instruments

FEES

Alpari Pro accounts offer institutional-level spreads on the condition that a minimum account balance of 25,000 EUR/GBP/USD is maintained at all times.
If the balance of an Alpari Pro account drops below the required amount, the spread offering may revert back to retail pricing until the account is topped up. In this case, traders will be notified in advance.
For Spot Indices and Spot Commodities on a Standard MT4 Account, the Maximum volume per trade is 5 lots; the maximum volume of all orders for Spot Indices is 15 lots and 50 for Spot Commodities.
Alpari applies dividend adjustments on Spot Indices when positions remain open on the ex-dividend date. If a client is holding buy positions, their account will be credited with the fixed dividend amount. If a client is holding sell positions then the dividend amount will be debited from their account.
Alpari has no deposit fees, and its commission depends on the account’s currency.
Forex/Metals:

• 3 USD/lot
• 2.6 EUR/lot
• 2.35 GBP/lot
• 1,095NGN/lot

Indices:

• 7 USD/lot
• 6 EUR/lot
• 5.5 GBP/lot
• 2,555 NGN/lot

Commodities:

• 4 USD/lot
• 3.5 EUR/lot
• 3.15 GBP/lot
• 1,460 NGN/lot

Cryptocurrencies:

• 15 USD/lot
• 12.5 EUR/lot, 11.5 GBP/lot
• 5,400 NGN/lot.

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DEPOSIT AND WITHDRAWAL

Funding and withdrawals from Alpari’s trading accounts are relatively fast and convenient, largely due to the fact that the company works to constantly improve its services.
As such, the company includes a number of deposit and withdrawal methods, including local deposits, credit cards E-Wallets and bank wires.
Local deposits include:

• Fasapay
• Pakistani Local Transfers
• China Online Banking

Credit cards include:

• Visa
• Mastercard
• Maestro

E-Wallets include:

• Neteller
• Skrill
• Bitcoin

Bank wires include:

• Bank Wire Transfer

TRADING PLATFORMS

Alpari International uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools and an easy-to-use interface. Both platforms can be downloaded directly from Alpari.
For higher volumes, the company provides the Alpari International Direct with enhanced features for advanced investors.
MetaTrader 4
MetaTrader 4 has advanced, user-friendly features and allows access to all major trading instruments. It also provides support for multi-currencies, as well as language support. The platform uses automated trading with expert advisors.
MetaTrader 4 is compatible with:

• Desktop
• iPhone/iPad
• Android
• WebTrader

MetaTrader 5
Alpari offers the latest version of MetaTrader 5, which comes with MQL5 trading signals, 21 timeframes and 38 technical indicators, 4 execution modes, and thorough Netting, hedging and market depth.
MetaTrader 4 is compatible with:

• Desktop
• iPhone/iPad
• Android
• WebTrader

When deciding which platform to use, it’s helpful to consider your level of trading expertise. While MetaTrader 5 is more advanced than the older version, MetaTrader 4 simpler format is more suited to first-time traders.

HOW TO OPEN AN ACCOUNT

The Alpari International review process of opening a new account is fully digital, hassle-free and fast.
Opening an account with Alpari International is an easy, guided process that begins with registration.
The company’s demo account is just as simple and potential traders can explore the world of Forex trading.

CUSTOMER SUPPORT

In terms of customer support, Alpari International provides a list of FAQs with a direct option to submit a query if your questions aren’t present on the list.
The company also offers Alpari International Live Support, where traders can directly contact a support team member via live chat or telegram.
Added to this, the company provides a comprehensive contact page with various departments listed, as well as account support, client support, and support for deposits and withdrawals. However, direct lines to these departments are not toll free numbers.

EDUCATION

Alpari International provides a wide range of educational tools which allow newcomers to begin trading with a full understanding of the risks involved on the Forex market.
Particularly useful is Alpari’s demo accounts, which comes with a range of risk-free accounts on which traders can develop their trading skills in safe and free environment. The account’s mock setup provides reflects real market conditions with no capital risk.
Added to this, the company offers a range of educational tools which allow traders to gain an in-depth understanding of the Forex market.
Alpari’s educational tools include:

• A beginner’s guide
• Forex trading webinars
• Forex trading strategies
• Community trading guide

As such, Alpari’s wealth of educational resources makes it a great broker for first-time traders as well as those who want to brush up on their trading skills. This is largely why the company has such a broad platform of traders today.

RESEARCH

The Alpari International News Portal provides information on trading conditions and trading schedules. However, apart from this, the company does not provide other tools with which to judge the market, such as sentiment tools, economic calendars or charting tools.
That said, the company’s educational tools provide a pretty comprehensive breakdown of the most important information a trader needs to understand the Forex market.

AWARDS

Leading global financial news portal FX Empire voted Alpari International as “Best Mobile Trading Experience 2017”, stating that the company offered seamless connection between mobile and desktop trading.
FX Empire also awarded the company the prizes for “Most Innovative Broker” and “Most Reliable Broker”. This was due to the company’s technical base, its versatile product line, and the transparency and quality its customer service.

CONCLUSION

All in all, Alpari International offers a diverse and streamlined trading platform which caters to a variety of trader’s needs.
The company’s educational tools make it easy for first-timers to begin trading with confidence, while the company is also a great place for seasoned traders to hone their skills.
The company provides transparent performance statistics, no deposit fees, and fast processing, which has made it a popular choice for traders who want to improve the efficiency of their trading experience.
Being a member of NAFD provides a safe and regulatory environment where traders can operate with certainty and security.
As such, the company offers some of the most favourable trading conditions on the market, as well as innovative online technologies, trading instruments, and services, which have been carefully developed by its IT specialists.
The company’s mobile applications are supported in 9 different languages, namely English, Spanish, Chinese, Russian, Portuguese, Vietnamese, Indonesian, Arabic, and Farsi, with this list set to expand.
The company’s trading platforms are broadly compatible, and offer streamlined services for a range of different betting options.
Given the company’s advanced and streamlined platform, it would seem the main drawback is that Alpari International is only licensed to trade in Belarus, Belize, Mauritius and Russia.

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DISCLAIMER

Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital.
You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors.
Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.
It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the Alpari International based on the legal requirements in his/her country of residence, according to research in South Africa.

Frequently Asked Questions

What is Alpari International’s Overall Review Rating? 

9/10

What is the minimum deposit to start trading on Alpari International? 

$20

Is Alpari International safe and secure?

Yes, the millions of  clients across 150 countries served by Alpari and a long-standing history of being successful, makes this forex broker a very safe and secure trading option.

Does Alpari International offer a demo account?

Yes, they do.

What type of broker is Alpari International?

ECN Forex Broker