Alpari is a leading name in online financial trading and present their customers with an unparalleled trading experience. Established on 24th December 1998, they credit their success to “honest business practices, a devotion to their clients and a forward-thinking business development strategy”, as cited on their own corporate pages.
This strategy clearly seems to be working as Alpari currently have offices in over 20 different countries including, Shanghai, Moscow. They also employ over 600 people globally and service over 200,000 trading accounts monthly (totalling 1 million clients), generating trading volumes in excess of $200 Billion US Dollars! Alpari are a fantastic example of just how global an online broker can become.
Alpari are currently authorised and regulated by the Financial Commission and the Financial Services Authority of Saint Vincent and the Grenadines. They were previously regulated by and had offices in the US, but those operations are now closed and Alpari does not accept US traders since late 2013. Their strategy to focus on Europe and almost all other non-US territories maintains their status as a highly rated global Forex broker.
Trading Platforms and Features
You will have full and unrestricted access to several different trading platforms once you sign up to Alpari, and these are available to both online and mobile Forex traders. The platforms are fully customizable and will enable even the most inexperienced trader to quickly master the art of trading in a safe and secure environment. Our overview of each Alpari platform is shown below.
- MetaTrader 4 (MT4) – The Alpari MT4 platform includes an advanced charting package with 30+ technical indicators and advanced research tools. It has EA capability (Expert Advisor Software) and offers up to 1000:1 Leverage. You can trade Forex, precious metals and CFDs with multiple instruments and it’s also available in 30 languages. Alpari’s MT4 platform includes a very capable app for mobile traders and both IOS and Android users are catered for. Similarly, the MT4 software works on both Windows and Mac based machines. Please note that MT4 is a windows application. Mac users will have to use the readily available and free-to-use, WineBottler application to help run MT4 as it allows you to run Windows applications on OSX
- MetaTrader 5 (MT5) – Like MT4, the MT5 platform sets the industry standard for a Forex Trading platform. It has the same functionality of MT4, but the difference in MT5 is that the tech savvy trader can benefit hugely here. MT5 includes the MT5 Strategy Tester which uses the MQL5 language to allow for enhanced EA optimisation. This tool cuts the time it takes to test an EA by hours in some cases and by days in others. This is made possible through the use of the MQL5 Cloud Network, which allows you to trade an EA across thousands of computers. This service tends to be charged for, but it is a critical element for tech savvy traders. Don’t forget, Alpari doesn’t require you to choose either MT4 or MT5, you are allowed to have accounts on both platforms. One final feature is that MT5 is also available on both IOS and Android mobile devices.
- BinaryTrader – This is a relatively new addition to the Alpari catalogue as they were primarily a Forex broker. The binary options platform is straightforward and benefits from the reputation/trust/support of Alpari. The standout item to mention here is that unlike most other platforms that go up to around 95% (approx), Alpari offers up to 100% profits! A free demo account is offered so you may check the platform and binary options as a way of diversifying your trading options.
Alpari offer their traders a number of trading account variations. These are called nano.mt4, standard.mt4, ecn.mt4, pro.ecn.mt4, ecn.mt5, binary.
Nano.mt4 Account – a cent account with no minimum deposit, fixed spread, 4 -digit quotes, nominated in US dollar cents or Euro cents. You will have access to 46 Currency Pairs, Gold and Silver.
Standard.mt4 Account – This account requires a minimum deposit of $100, and provides you with the MT4 platform. You will have access to 46 Currency Pairs, 2 CFD Instruments, Gold and Silver. The Market Account offers a floating leverage of up to 1000:1 on forex, 500:1 on precious metals and a fixed margin for CFD’s.
Ecn.mt4 Account – It can be accessed with a minimum deposit of $300 and provides you with the MT4 platform. You will have access to 46 Currency Pairs, Gold and Silver and a leverage of up to 1000:1,
Pro.ecn.mt4 Account –It can be accessed with a minimum deposit of $500 and provides you with the MT4 platform. You will have access to 46 Currency Pairs, Gold and Silver and a leverage of 100:1, which can be increased by e-mail requestEcn.mt5 Account – A minimum deposit of $500 will provide you with access to the Alpari MT5 platform. According to a promotion, no minimum deposit isrequired until the end of August 2016. You will be able to trade with 46 Currency Pairs, Gold and Silver. A floating leverage of up to 100:1 is offered, which can be increased by e-mail request Binary account – allows a trader to trade a variety of binary options with timeframes from 30 seconds up to 24 hours in Binary trader platfom in myAlpari. He only needs to deposit at least 1 USD or 1 EUR to make a minimum bet.
Alpari is a market leader that accepts traders from many countries and as you’d expect, each of their support teams is well trained and very capable. Alpari’s platform supports multiple languages and they offer accounts in English, , Chinese, Farsi, , Spanish, Russian, and some others. As a global brand, they also offer support services in each one of these languages.
The business hours for Livechat and Telephone support vary by country, but as a general rule, the Alpari telephone support team is available between 9am – 10pm EET. Their Livechat team is active between 9am – 10pm EET and they respond to all support emails within 24hrs. Alternatively, their FAQ’s are some of the most extensive we’ve seen, and well worth a read through before contacting the support services.
Alpari’s minimum deposit amount varies per territory and they offer accounts in EUR, USD, RUR, GLD. Customers depositing and trading in $USD can expect a minimum deposit amount of $0 and a maximum Leverage of 1000:1. Please feel contact their Livechat support team for more information on your preferred currency/account type.
You can fund your account using Debit and Credit Cards, as you’d expect. Alpari also offers you the option to use Bank Wire Transfer and major ewallets such as Neteller or Skrill. Once you have had your account fully verified then you are going to be able to benefit from fast speedy withdrawals by Bank Transfer. Alpari try not to levy any additional fees or charges when requesting withdrawals. Neteller customers can withdraw direct to their Neteller account easily and for free. Skrill customers need to request a manual withdrawal via the Alpari back office support team.
Why Trade Forex at Alpari?
Alpari are a well-funded and very well established brand. This broker has gone from strength to strength since its inception in 1998 and remains a frontrunner in the field of Forex to the present day. This is no accident. Alpari’s biggest strength is its consistency. They are consistently reliable as a broker and put their customers’ user experience first by offering fantastic support, multiple deposit options and a highly capable support team.
If you are new to Forex you can take advantage of the free trading guides and experienced support team. If you are a seasoned veteran trader, their selection of incredible customizable platforms across multiple devices will prove hard to resist. Experienced and novice traders alike can both take advantage of the real time news and information articles. Let’s not forget that there is no “closing time” at Alpari either, and you can use their platform at any time of the day or night. They really do seem to have thought of it all.
Being fully licensed and regulated does of course mean that they operate to the highest industry standards, and this does shine through their entire operation, however, no company is unshakable. Alpari suffered a shaky period in late 2013 when they exited the US rather abruptly. It is speculated that this was actually due to the strict restrictions the US regulatory body requirements of reporting which was not submitted on a daily basis, not due to misconduct of any sort. The proof of this is visible in its continued growth in all non-US territories since the exit.
We’ve researched this broker extensively, and we are pleased to confirm that Alpari has met with our strict criteria and are now an “Approved TradersAsset Forex broker”. If you are looking for a first class and hassle free Forex trading experience, we suggest you visit Alpari and sign up as a new customer.