Alpari is one of the brokers that offer Forex trading services. They offer cryptocurrency CFDs, as well as commodities and indices among others. The platform has been established a long time ago, and with so much experience on the market, many people interested in trading may be tempted to try it out. Indeed, being on the market for such a long period means that Alpari had enough time to see how things work and implement the right features. Still, that doesn’t necessarily mean it is trustworthy. Without some proper research, you cannot know if it’s legit or a scam.
So, what is Alpari, how safe is it, and what are the financial products it can offer to its users? This review will analyze Alpari and all its features.
Who Is Alpari for?
Alpari is recommended for people who are new to trading and want a more affordable option to begin with. The minimum deposit is 1 euro, and because of that, it is pocket-friendly for a lot of people.
On top of that, it is amazing for individuals looking for a great and trustworthy platform to use, and that is because Alpari works with MT4 and MT5. Both of the platforms are some of the most popular ones in the world, and people find them quite reliable. Android and iOS apps are also available, so people can trade while they are away from home. Thanks to this, traders who travel a lot can simply pull the phone out of their pocket and start trading.
Non-English speakers should also look towards this platform as client support is offered in multiple languages. Apart from English, support can be offered in Spanish, Arabic, Indonesian, Russian, Hindi, and Chinese. The customer support also operates 24/7.
Things We Like
We have found many great things about Alpari, and they all made us have a good opinion about it. First of all, we love the fact that client funds are segregated. This adds an extra layer of safety. So, if anything happens to the broker, people will still be able to access their funds, which is amazing. Besides, Alpari is regulated by the FSA, and this means they are being watched so they don’t do anything suspicious, making them even safer.
The MT4 and MT5 platform integration was a pleasant surprise too. Since they are some of the best and most widely used platforms for trades out there, we are happy to see them among Alpari’s features.
Another advantage for beginner traders is the number of educational materials available on the website. This ensures them that they will learn how to do trading properly and enjoy their time doing so. It can turn them into professional, successful traders, and we found this aspect great.
Alpari even has benefits for professional traders or traders who have a more advanced level. There is a loyalty program, as well as improved spreads. Besides, people can even become Strategy Managers, so they can share in the trade volume they created.
Things We Don’t Like
Unfortunately, while there are a lot of products offered by the platform, it is not as rich in products and services as other brokers are. People who want to have more options would have to search for a different platform or use one alongside Alpari to get everything they want.
Their platform doesn’t have research tools, so following the market information can be pretty challenging. MT5 is the only platform that is a bit better, because it brings some news articles, although they are short.
Moreover, we were disappointed to see that Alpari doesn’t offer cryptocurrency trading anymore.
Lastly, if you want to copy trades using the Strategy Managers tool, you will be charged for it. So, even if the platform has low fees overall, if you have a lower income, you will find it difficult to spend money on the Strategy Managers tool. You have to pay at least 100 in USD/EUR/GBP in order to pick one or more strategy managers.
Part of the Copy Trading tool terminology is a bit difficult to understand, so beginners may still have some challenges with this. Alpari International has some simple explanations for the terms, but this may still not be enough.
Pros / Cons
- Alpari is good for beginning traders
- It has very low minimum deposits
- It is regulated by FSA
- Client funds are segregated
- It is not regulated by the FCA
- The number of instruments available is pretty limited
Safety and Regulation
You’re probably here to find out whether Alpari is legit or a scam. So, before you start trading with it, you may want to read the following information:
Who Is Alpari?
Alpari is a Forex broker – one of the largest and oldest in the world. It was established by three people in Russia, back in 1998. With more than 20 years of experience, the broker had to go through several challenges until eventually turning into what it is today. It only started to expand globally in 2000, now offering services to 150 countries.
The broker offers CFD and Forex trading over a large variety of markets. They have several account types and low spreads, each meant to give every user a unique experience. Thanks to this aspect, both beginner and professional traders can benefit from this platform.
Is Alpari Regulated?
Alpari has some regulatory licenses as it operates internationally. Their regulation is offered by FSA, aka Saint Vincent, and the Grenadines.
- Alpari International – authorized by the Financial Services Commission of The Republic of Mauritius, license number C113012295.
Is Alpari Safe or a Scam?
Since Alpari operates globally, it does have several regulations, which make it safe. Not only that, but it is a member of the Financial Commission. This is an international organization that deals with financial service industry dispute resolutions when it comes to Forex.
However, there are no regulations from authorities such as ASIC and FCA, which are some of the world-leading ones. Fortunately, Alpari has over 20 years of experience and it is well-established, making it safer than many newer brokers that do not have the same benefits.
Countries It Accepts Clients from
People from 150 countries have access to Alpari. Some of the banned countries include the U.S., New Zealand, Japan, Haiti, Armenia, Russia, Ukraine, and Georgia.
Alpari won a few awards over the years, one of them being the Best Mobile Trading Experience 2017. Other than that, it was also voted at the FX Empire Awards and Forex Expo Awards among others.
Range of Offerings and Products
Alpari International offers 60 currency pairs, as well as 4 cryptocurrency CFDs and 8 commodities. There are also 11 index CFDs and 10 equity ones.
Alpari is pretty attractive when it comes to leverage, as the highest one offered is 1:1000. However, it is all based on what type of account the individual has. The maximum leverage size is 1:400 for MT4 Micro Accounts, while standard ones and ECN ones will come with the 1:1000 leverage.
You can use Alpari International through the MT4 and MT5 platforms. They both come with charting tools, they are easy to navigate, and they are very flexible. Also, you can choose between different versions for PC and smartphones. Although all of them are great, people may need to invest in upgrades if they want better MT4 infrastructure.
On Alpari, there are four different account types. They are the MT4 Forex Standard Account, MT4 Forex Micro Account, MT4/MY5 Forex ECN Account, and MT4 Forex Pro Account.
A demo account is also offered, and it can be used for free. It comes with no risks, and it can be a wonderful learning experience for beginners.
Deposits and Withdrawals
Deposits on Alpari can be made using several payment methods. You can use e-wallets, credit or debit cards, and bank transfers. Also, people can make transfers between accounts in GLD, EUR, and USD. No commissions apply either.
What Is Alpari’s Minimum Deposit?
The minimum deposit is $0 if you open a Nano MT4 account, and ECN accounts will bring a minimum deposit of $20 and $500.
You can do withdrawals using the same method you used for the deposit. The fees are usually $0, but it depends on the method. Some methods may come with extra charges.
Sometimes, Alpari may have promotions, but you need to keep an eye on them to know when the promotions are ongoing. There is also a loyalty cashback program, so you can receive a cash rebate if you have high-earning trade results. There are five different rebate levels, and you can withdraw each one as cash, which is great.
They may also offer some top-up credit for deposits, which could boost your deposits.
Client Support and Education
Alpari offers quite a lot of educational resources, which is amazing for beginners. People can use a Forex economic calendar and also get some analytical support and analysis from some trusted sources. Also, FxWirePro brings news to the table, so you are always up to date with what’s going on in the market.
Verdict – Overall Rating
Alpari is a platform with a lot of experience on the market, it has segregated client funds and its deposit fees are low. The deposits can be done with several methods, and the same goes for withdrawals. There is also a large number of educational materials. Overall, the platform is trustworthy and great for both beginners and professionals.
All brokers listed on our website are regulated by at least one financial regulator and have never been reported as a scam. Our reviews and overall scores are based on the key areas above, in a combination with our opinion and commentary.
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There is a very high degree of risk involved in trading securities.
With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection, and market volatility that may substantially affect the price or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more at Wikipedia.
All investments involve risks and are not suitable for every investor. The value of securities may fluctuate and as a result, clients may lose more than their original investment. The past performance of a security or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against the loss, in a down market.
There is always the potential of losing money when you invest in securities or other financial products. Investors should consider their investment objectives and risks carefully before investing. More details here.
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