Alpari Review

Alpari
Alpari runs credit bonus offers from time to time
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Overview

Alpari launched in 2004 and is a regulated Forex broker based in London. This is a global “powerhouse” forex broker where you can trade 39 currency pairs on MT4, with… more

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Details

Broker Alpari
Website URL http://www.alpari.com
Founded 2004
Headquarters 201 Bishopsgate London EC2M 3AB United Kingdom
Support Types Phone , Fax , Email support@alpari.com
Languages English , Arabic , Русский , Deutsch , Polski , Español , Deutsch , Türkçe , Japanese , Chinese
Trading Platform MT4, MT5, Web Trader (Alpari Direct). iPhone (Alpari or MT4/5), iPad (Alpari or MT4/5 apps), Android (MT4/5 Apps), WindowPhone App (MT4), Binary Options
Minimum 1st Deposit $200
Minimum Account Size $100
Minimum Trade Amount 0.01 lot
Bonus Alpari runs credit bonus offers from time to time
Leverage 1:500
Spread From 1.2 pips EURUSD, 2.0 pips GBPUSD
Free Demo Account Open Demo
Regulated Yes
Regulation Alpari (UK) Limited is authorised and regulated by the Financial Conduct Authority (FCA).
Deposit Methods Visa , Mastercard , Neteller , Wire Transfer
Number of Assets 59
Types of Assets Forex, CFDs, Precious Metals, Binary Options, Spread Betting
US Traders Allowed No
Overall Score 51

Pros

  • Global Broker
  • Big Choice of trading platforms (web, MT4/5, iPad, Android
  • Spreadbetting & Binary Options
  • Competitive Spreads
  • Library of Research and Tools

Cons

  • Complex - For Intermediates and above

Full Review

Alpari launched in 2004 and is a regulated Forex broker based in London. This is a global “powerhouse” forex broker where you can trade 39 currency pairs on MT4, with tight spreads and leverage up to 1:500

They also offer spreadbetting (for UK clients) and binary options and the ability to trade in precious metals and CFDs (Contract for Difference).

The only slight gripe we have with so much choice, is that the site can be confusing at first- there’s just so much stuff on it. That’s the price you pay for all of these tools I guess, but if we were them, we’d have a “Beginner Skin”, and Intermediate Skin” and an “Advanced Skin”.

Trading Platforms
This broker has a big range of platforms for trading. You can trade on Meta Trader (MT4 or MT5), or use their platform: Alpari Direct. If you want apps, then you’ll be spoiled here. There are MT4 and MT5 apps to download for iPhone, iPod and Android or a proprietary app for iPhone. They even have a Windows phone MT4 app.- it’s a real powerhouse in this area. Choose from Metatrader4 (MT4), their own Web Trader (browser based), a Mobile Trader, a Mirror Trader (follow and copy traders) and apps for iOS and Andriod phones and tanlets.

MT4
Up to 1:500 leverage with free Android and iOS apps. Trade on your PC with the MT4 client (just link it to Alpari’s servers). Trade forex, precious metals and CFDs. Other options for MT4 fans include XE Markets (XM).

MT5
A currency trading platform for the tech-savvy with options to build, test and optimise Expert Advisors (EAs). iOS and Android apps.

Alpari Direct
The Alpari Direct Pro platform is Alpari’s web-based solution for pro traders. Use the same tools and features that financial institutions use. High Speed execution.

alpari-android

Meta Trader 4 App from METAQUOTES Software

Mobile Trader
There are plenty of forex apps for iPhones, iPads and Android devices here, again- our only complaint is that it is complex as there is so much choice. MetaTrader 4 and MetaTrader 5 apps available. Also they have apps for their proprietary system Alpari Direct Pro and Alpari Direct. (Android, iPhone, iPAd and Windows Phone). Search for MT4 from Metaquotes Software in the App Store or on Google Play, link it to your Alpari server (you’ll get all the info in an email) and off you go!

Binary Options
You can also trade forex, indices and commodities with Alpari’s user friendly binary options platform. All yo uneed to do is to work out whether the value of the  asset is going up or down. Choose an asset, pick an expiry time, enter the amount you wish to bet on a trade and click on “CALL” or “PUT”. That’s it!

Financial Spread Betting
If you’re resident in the UK or the Republic of Ireland, you can trade forex, indices and commodities tax free on the advanced MetaTrader 4 (MT4) platform. Open an Alpari UK spread betting account from as little as £250 and spread bet from just 10 pence a point.

Alpari Account Types

Micro Trading Account
$200 minimum deposit and up to 1:500 leverage with spreads from only 1.2 pips. Access to all the Alpari research reports and educational materials.

Classic Trading Account
Trade forex and CFDs, and you can trade up to 39 currency pairs plus spot gold/silver; and 17 CFD instruments that include gold and silver futures. Minimum deposit $500. Trade on MT4. Spreads from 1.2 pips.

MT5 Account
ECN trading on the feature-rich MetaTrader 5 (MT5) platform from just $200 minimum deposit. 1:500 leverage. Free access to automated chart-pattern recognition tool Autochartist.

Spread Betting Accounts
With MT4’s Expert Advisor (EA) capability. (EAs are software programs that can help automate your trading). Trade 37 currency pairs, seven indices and 10 commodities. Start trading from only 10 pence per pip- start with just £250 to open a spread betting account.

Pro Accounts
No max trade size. Deep liquidity with their Currenex®-powered trading platform. Institutional-level pricing from over 10+ tier-one liquidity providers.

Demo Accounts
The Alpari Demo MetaTrader 4 Pro account allows you to test out the MT4 platform, trade risk-free with virtual money, build and test your trading strategies, trade 57 currency pairs and precious metals, build your Expert Advisors for trade automation and trade on on your mobile

Commission & Spreads

The top MT4 spreads

Ticker Minimum spread Typical spread
EURUSD 1.2 pips 1.6 pips
USDCHF 2.0 pips 2.7 pips
USDJPY 1.8 pips 2.0 pips
GBPUSD 2.0 pips 2.8 pips
AUDUSD 2.0 pips 2.8 pips
USDCAD 3.0 pips 3.7 pips

Customer Support
A global customer support team, Alpari are market leaders when it comes to customer care & education.

Deposit & Withdrawal Options:
Mastercard, Visa, Wire Transfer and Neteller

Pros
A global forex powerhouse with a sterling reputation and one of the biggest forex toolboxes around.
Fast trade execution
Leverage up to 500:1

Cons
There’s so much choice, the site can feel overwhelming for those who are just starting out in the world of forex trading. But if you can navigate your way through, you’ll soon become accustomed to the site- this broker will lead you all the way up from beginner to professional should you want to.

Conclusion

Alpari is a world class forex, binary options and spread betting broker with all the tools that you’ll ever need- and some more- this is a team that can help you grow to the very top of the game, if that is where to go. If you are a forex “dabbler”, we’d probably recommend someone like etoro or Easy Forex. If you aim is to go right to the top, or you are on your way, Alpari will fit the bill.

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