Alpari Review

Alpari is among the oldest brokers in the forex/CFD market. After operating in several foreign markets, it consolidated its operations into a non-US and non-UK global brand. This review presents a sneak peek into what traders who choose Alpari can enjoy as they go about their trading business.

I. Background and Company Overview of Alpari

Alpari traded as a global entity for much of its early years, offering varying trading conditions from its UK, US, and global operations. Due to regulatory changes, the brand has consolidated into a single offshore location. It retains much of its old popularity due to the following:

• Alpari also runs a loyalty program in which eligible traders earn cashbacks on trading transactions.
• Deposits made with China UnionPay qualify for a full refund of the deposit commission.
• Newbie traders on Alpari can subscribe to the copy trading service by subscribing to the MetaTrader trading signals service. Experienced traders can also sell their expertise by allowing other traders to copy their trades using the other side of the same service.

II. Trading Platforms and Tools

The following platforms are available on Alpari:

• MT4
• MT5
• Alpari Mobile
• Alpari Invest
• Alpari Fix-Contracts

The MT4 and MT5 are available as desktop and browser-based clients and mobile apps.

Alpari Mobile is a proprietary mobile app that provides all the tools traders need for analysis and trading.

Alpari Invest is a mobile app for managing all investments from a single portal. With this app, you can manage your portfolio and PAMM accounts and perform funding and withdrawal transactions.

The Alpari Fix-Contracts platform is a proprietary portal for trading digital options. It is also available as a mobile app.

Other trading tools and resources on Alpari include:

• Free Autochartist signals from the MT4 plugin, which comes free for all Alpari's clients. It also comes as a web-based app.
• An additional risk calculator that comes with the Autochartist MT4 plugin.
• Alpari Invest is a copy-trade product that allows passive investment into listed strategies of other professional traders.

III. Account Types and Spreads

Alpari offers two main types of accounts:

• Standard
• ECN

The Alpari Standard Account has two subtypes: the Forex Standard account, which has a $100 minimum deposit, and the Forex Micro Account, which comes with a $5 minimum deposit. The subtypes under the Alpari Standard account are all MT4 accounts. The lowest spreads on the Forex Standard and Forex Micro accounts are 1.2 pips and 1.7 pips, respectively.

The Alpari ECN account has two subtypes: the Forex ECN account, which runs on MT4 and MT5, and the Forex Pro account, which is an MT4 account. The FX ECN account comes with a $500 minimum deposit, while the Pro account has a $25,000 minimum deposit.

The lowest spreads on these accounts are from 0.4 pips. The Forex ECN account also attracts commissions on both sides of the trade, starting from $1.5 per lot.

IV. Contract Specifications

What are the contract specifications on Alpari?

• The MT4 ECN accounts are swap free, but the MT5 are not.
• All accounts operate the 5-digit price quotation system, with the exception of the JPY pairs which are 3 digits.
• Metal assets come with a 2-decimal point system on the MT4 and a 3-decimal point system on the MT5 (a rarity).
• Minimum trade volume is 0.01 lots on all accounts, with increments of 0.01 lots. Maximum volume per trade is 30 lots on the Forex Standard account, 1 lot on the Forex Micro Account, 50 lots on the Forex ECN and 250 lots on the Forex Pro account.
• Forex Standard Account has a floating leverage that starts from 1:1000, as does the Forex ECN account. The Forex Micro Account has a fixed leverage of 1:400, and the Forex Pro account has a floating leverage that starts at 1:300.

V. Security and Regulation

Alpari brand is now operated by Alpari (Comoros) Ltd, licensed by the Mwali International Services Authority in the Island of Moheli, Comoros. It operates under an International Brokerage and Clearing House license, number T2023236.

Alpari's services are not available globally. Individuals resident in the US, Canada, Japan, Australia, the United Kingdom, DPRK, European Union, Iran, Sudan, Cuba and Syria are prohibited from the Alpari platform. This is either due to local restrictions from regulators in some of these nations or international sanctions prohibitions.

VI. Customer Support and Education

The customer support desk on Alpari is available via the following channels:

• WhatsApp: +4420 3129 3799
• Telegram: @Alpari_Official_Bot
• Email: support@alpari.com
• Phone: +44 2045 771951 (ext. 1)