Alpari review (2022) Review
Alpari Limited is registered in Saint Vincent and the Grenadines. Its registration number is 20389 IBC 2012 and it is issued to an international company. The Registrar is the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA). It is also licensed by the International Financial Services Commission (IFSC/60/301/TS/18). Your funds are protected from unauthorized access through two-step identification, mobile authentication or email authorization.
The minimum deposit to open a trading account is $20. The following account types are offered: Standart, ECN and ProECN. The range of financial instruments is limited to 75 currency pairs and CFD on commodities, indices and stocks. Our leverage is set at 1:1000. Additionally, Alpari offers investment in PAMM accounts. The platform has been in operation for a long time and there is a good selection of PAMM managers. For novice traders, the “Forex Training” section offers educational material. Daily analytical reviews of the currency market and news of the crypto market are published. Videos with up-to-date financial market overviews are also published daily on the Alpari YouTube channel.
The Alpari platform is one of the oldest brokers on the binary options market and offers traders several solutions through which every client can find something they are comfortable with.
- MetaTrader 4 terminal is available: it is one of the most popular platforms and is appreciated by investors all over the world. The software is easy to use, functional and user-friendly, both for beginners and professionals.
- MetaTrader 5 is the new generation of the famous platform, and will be a real boon to traders looking for a feature-rich trading solution. Its advantages: high performance, more than 20 indicators, additional orders for trading, many useful tools for market analysis, etc.
- Fix-ContractsTrader web platform is also available, which does not need to be installed on your computer. After registering with your broker, you can start trading on the market immediately. The advantage of this solution is that it is compatible with any operating system (Mac OS, Windows, Linux) and has the same features as MetaTrader platforms – indicators, charts, news, analytics are available, the system is easy to learn and you can place your first bet right away.
The broker takes its customer service seriously and offers a convenient demo account for traders who would like to explore the possibilities of the site. In order to use the standard demo account, simply register on the Alpari website.
You can then explore the terminal’s functionality, make your first trade, test strategies, etc. The registration process is quite easy, after filling in your email, password and phone number, do the next steps:
- Choose an account type
- Starting balance
- Click on “Open account” button
In addition, the broker also offers free educational online trading in the Fix-ContractsTrader platform, available on the broker’s website alpari.com. This is a handy real market simulator that allows you to learn the terminal without registration by trying fixed contracts trading in three steps:
- Step 1. Choose an asset, type of contract.
- Step 2. Determine the direction of the asset (up or down).
- Step 3. Click on the Buy button.
By downloading the Alpari Options mobile binary options trading app to your smartphone (iOS, iPad, Android), you can also open a demo account here and trade on the virtual market.
There are several account types for traders, so everyone can choose the conditions that suit them personally:
- Nano is a cent account for novice traders, which allows you to try your hand at trading without risk. The advantage of this type of account is that there is no minimum deposit. The leverage is 1:500. There are 33 currency pairs and 2 metals available for users. Stop out – 10%. Trading is done through MetaTrader 4 platform.
- Standard is an account designed for more advanced clients. In this case, trading can be done either through MT4 or MT5. Depending on the terminal, the minimum deposit amount varies, which is $20 or $100 respectively. Leverage – 1:1000-1:10. Stop out – 20%.
- Ecn is an account for advanced users that provides more instruments (46 currency pairs, 2 metals and 18 CFDs). As in the previous case, account holders may use either the MT4 or MT5 platform. The minimum deposit for the first option is $300 or $500 respectively.
- Pro is an account designed for real trading professionals. Trading is done through the MetaTrader 4 platform. The minimum deposit is $500. It also has a commission.
To conclude the review, I would like to briefly summarize all of the above. The main thing about Alpari Broker is its absolute reliability, which attracts many clients from all over the world to work with it. Of course, the standard of service is also important – with Alpari, even its European and American clients are so satisfied with the service. And as for the occasional negative feedback, it’s probably impossible to do without it.
Pros / Cons
- One of the largest forex brokers in the world
- Availability of registration documents and licences
- A wide range of trading platforms to choose from
- There are charges for deposits and withdrawals