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Alpari Review 2024

6.78/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • MetaTrader4
  • MetaTrader5
Regulation:
  • FSC
Foundation year:
  • 2005
Updated:
6.78/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Minimum deposit:
  • $1
Trading platform:
  • MetaTrader4
  • MetaTrader5
Regulation:
  • FSC
Foundation year:
  • 2005
135*
people picked this broker on the Traders Union website over the last 3 months
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Our Evaluation of Alpari (UK)

6.78/10
TU Overall Score
The purpose of creating the TU Overall Score is to make the search for secure and reliable brokerage companies easier for the visitors of our website. We believe that it is a very important mission as, unfortunately, not every company in the financial industry is worthy of trust.

According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Traders Union icon

Alpari (UK) is a moderate-risk broker with the TU Overall Score of 6.78 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Alpari (UK) clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.

The Alpari broker focuses on traders with all levels of experience and provides clients with reasonable conditions for both active trading and investment.

Brief Look at Alpari (UK)

The Alpari broker has been providing financial services in the international foreign exchange market since 1998. The company's services include both active Forex trading and investment offers. The broker is registered in the territory of Saint Vincent and the Grenadines. Its license is № 20389 IBC 2012, issued by the Registrar of International Business Companies. The Company is also a member of The Financial Commission, which handles the settlement of disputes worldwide between brokers and their clients. The broker has received more than 30 awards, including Forex Expo Awards (2011, 2012, 2014), International Finance Magazine Awards (2013), and FX Empire Awards (2017).

Advantages of trading with Alpari (UK):
  • a large number of trading accounts for traders with different levels of experience and goals;
  • high-quality and efficient work by the customer support service;
  • many ways to replenish the deposit and withdraw funds.
Disadvantages of Alpari (UK):
  • no trading on weekends;
  • withdrawal of funds is carried out after occasional delays;
  • commission compensation for deposits or withdrawals is available only for traders with VIP status;
  • trading on the MetaTrader 5 platform is available only for traders with standard accounts, and swap-free Forex Islamic accounts work only on MetaTrader 4.

TU Expert Advice

Anton Kharitonov

Financial expert and analyst at Traders Union

The Alpari broker has been on the Forex market for 21 years and has managed to establish itself as a reliable partner that provides traders with comfortable trading conditions. The company offers both a cent account for novices and classic accounts for more experienced traders. For professionals, it has ECN accounts with lower spreads. Also, the Alpari broker carefully monitors the ratings of its managers, which allows investors to operate with minimum risk when choosing a PAMM account or PAMM portfolio that suits their goals best.

Alpari is ready to cooperate with both professional participants in the foreign exchange market and novice traders who do not have experience and knowledge in this area. If any disputes arise, the company's support service responds to customer requests promptly and helps to resolve the problem.

The broker has been a partner of the Traders Union for several years and during its association, it did not create any conflicting situations related to default on its obligations.

In 2019, the broker updated its website, and now traders can quickly get the data necessary to start trading, as well as compare different types of accounts and investment offers by Alpari. A high level of customer focus and emphasis on improving services help Alpari to remain one of the most popular brokers in Europe.

Alpari (UK) Summary

Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

💻 Trading platform: MetaTrader 4, MetaTrader 5
📊 Accounts: nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, special.ecn.mt4, ecn.mt5
💰 Account currency: USD and EUR
💵 Replenishment / Withdrawal: Bank transfer, bank cards, internet banks, electronic payment systems, payment terminals
🚀 Minimum deposit: From $1
⚖️ Leverage: Up to 1:3000
💼 PAMM-accounts: Yes
📈️ Min Order: 0.01 lot
💱 Spread: from 0.2 pips
🔧 Instruments: Currency pairs, metals, CFDs
💹 Margin Call / Stop Out: 50%, from 10%
🏛 Liquidity provider: -
📱 Mobile trading: Yes
➕ Affiliate program: Yes
📋 Orders execution: Instant execution, Market execution
⭐ Trading features: Automatic trading and use of trading signals; Investment offers for passive trading; Prompt and polite support service.
🎁 Contests and bonuses: Yes

Alpari provides acceptable trading conditions for traders from different countries. Users have access to a cent account with a minimum deposit of $0 and standard/ECN accounts that involve replenishment of the deposit in two сurrencies—EUR and USD. On a cent account, the leverage is fixed at 1:500; on all other accounts, traders can independently set this parameter in the range from 1:2 to 1:3000. The stop-out level on accounts differs and is 10%, 20%, or 60%. Alpari offers MetaTrader 4 trading terminal.

Alpari (UK) Key Parameters Evaluation

Score:
7.25/10

Trading Account Opening

To start trading with Alpari and receive a rebate for completed trades from the Traders Union you need to do the following:

1

Open the Traders Union website and register. The process takes up to 15 minutes including verification. You just need to enter your email address or use your personal Facebook account. Then follow the referral link to the broker's website and click on the "Register" button.

Review of Alpari Official Site
Review of Alpari Official Site
Review of Alpari Official Site
2

Create a personal account with a broker. To do this, fill in all the fields in the form with personal data.

Alpari Review - Registration
Alpari Review - Registration
3

Indicate the country and city where you live.

Alpari Review - Personal Data
Alpari Review - Personal Data
4

Confirm registration with an individual code. Choose a convenient way to receive the code and enter it in the line intended for this. Upon completion of registration, you will be taken to your personal account.

Alpari Review - Confirmation of registration
Alpari Review - Confirmation of registration
5

Using your personal account, you can:

  • Open a real account.

  • Deposit funds to a trading account or withdraw earnings.

The following functions are also available to the trader in the personal account:

  • change/edit your personal data;

  • adjust account settings;

  • make investments;

  • manage your account;

  • manage your investments;

  • access current promotions and bonus offers;

  • access trading terminals;

  • participate in contests;

  • access training materials;

  • verify your account and become a PAMM account manager.

Score:
5.28/10

Regulation and Safety

Information

The Alpari broker is registered in Saint Vincent and the Grenadines and holds a 20389 IBC 2012 license from the Registrar of International Business Companies, which can be found on the Alpari website.

This license allows the company to provide its services in the international foreign exchange market. The company is also a member of the International Financial Commission, whose task is to resolve disputes between traders and brokers at the international level. Alpari does not provide data on the regulatory bodies of the broker.

Advantages

  • The rights of the company's clients are protected by the International Financial Commission
  • The rules for using the broker's services are prominently displayed on the official website.

Disadvantages

  • Information about the regulators is not provided on the broker’s official website
Score:
7.71/10

Commissions & Fees

Information
The experts at Traders Union have reviewed the trading conditions of Alpari for explicit and hidden commissions. No hidden trading fees were found, nor does the broker set a commission for the replenishment of a deposit or withdrawal of funds. Other commissions may be charged by a payment system under its rules. Users of pro.ecn.mt4 and ecn.mt5 accounts pay a commission of $1.6 per 1 lot and users of special.ecn.mt4 pay $6 per lot.
Account type Spread (minimum value) Withdrawal commission
nano.mt4 From $8 No
standard.mt4 From $8 No
standard.mt5 From $8 No
ecn.mt4 From $8 No
pro.ecn.mt4 From $8 No
special.ecn.mt4 From $8 No
ecn.mt5 From $8 No

There is a commission for the transfer of trading positions to the next day (swap). Also, TU has compared trading commissions at the Alpari broker with those of other Forex brokers. Each broker was assigned a level from low to high, based on the results of the assessment for this parameter.

Broker Average commission Level
$8
Medium
$1
Low
$8.5
High
Score:
7.82/10

Account Types

Alpari provides clients with several account options for novice and professional traders. The main differences between trading accounts are in the size of the minimum deposit, available trading platforms, number of trading assets, maximum leverage, stop-out level, as well as the method of order execution and the maximum trading volume.

Account types:

Account Type
Description
nano.mt4
is a cent account with a minimum lot size of 1000 units, while a standard lot consists of 100,000 currency units. Minimum deposit without requirements (where the trader can replenish the account for any amount), and the leverage is fixed at 1:500. There are 33 currency pairs and two metal trading instruments. The platform is suitable for novice traders to gain trading skills or professionals to test trading strategies;
standard.mt4
is a standard account on the MetaTrader 4 platform. Suitable for traders with basic skills in foreign exchange trading. The minimum deposit is EUR / USD 20, the leverage varies from 1:10 to 1:1000, there are 33 currency pairs and 2 metals among the trading assets. The swap-free function can be activated;
standard.mt5
is a standard account for the MetaTrader 5 platform and is recommended for more experienced traders. The minimum deposit is EUR / USD 100, the leverage is adjustable, from 1:10 to 1:1000, 33 currency pairs and 2 metals round out the offerings;
ecn.mt4
is an account for experienced traders that offers a higher-order execution speed and liquidity. The minimum deposit is EUR / USD 300, the leverage varies from 1:2 to 1:3000, 46 currency pairs, two metals, and 18 CFD contracts are represented among the trading instruments. You can disable swaps on your account by making it Islamic;
pro.ecn.mt4
an account for professional Forex market participants working with the MetaTrader 4 platform. The deposit on the account starts from EUR / USD 500, leverage varies from 1:2 to 1:3000, 46 currency pairs, two metals, and 18 CFD contracts. For a standard lot (USD 100,000) there is a commission of $1.6. It is possible to enable the swap-free function;
special.ecn.mt4
an account for professional traders. It duplicates the conditions of the pro.ecn.mt4 account, except for the commission except that for 1 standard lot the trader is charged a trading fee of $6;
ecn.mt5
an account for professional traders using the MetaTrader 5 platform for trading. The minimum deposit is EUR / USD 500, the leverage is adjustable from 1:2 to 1:3000. Also available for trading are 46 currency pairs, two metals, and 18 CFD contracts. The commission for a standard lot is $1.6.

Before opening a real account with any brokerage firm, we recommend testing the broker's trading conditions on its demo account.

Alpari is a broker focused on cooperation with professional and novice traders, as well as offering acceptable conditions for trading, investing, and professional development.

Score:
7.13/10

Deposit and Withdrawal

  • Withdrawal requests are processed by the finance department instantly. Alpari does not set any restrictions on the number of requests and the amounts of withdrawals. The transaction fee depends on the payment system chosen by the trader and is charged exclusively by it.

  • The broker provides many ways to deposit and withdraw funds to a trading account such as bank transfer and international bank cards, Neteller, Skrill, WebMoney, ADVCash, Vload eVouchers, BitPay, Perfect Money, APlat, TC Wallet, Ethereum, Litecoin, Zcash.

  • When making a deposit using electronic payment systems, internet banks, and payment terminals, the operation is carried out instantly. Withdrawal of money, regardless of the payment system, may take a long time. The broker does not indicate the exact data.

  • Deposits and withdrawals are available in US dollars and Euros.

Score:
8.26/10

Investment Options

The Alpari broker provides services that allow traders to both engage in active trading and receive passive income through investing. The availability of investment proposals allows the company's clients to receive additional income, even if they do not have skills in the field of foreign exchange trading. Also, experienced traders can become managers and earn income for their work.

PAMM accounts

  • The company provides clients with a standard investment service. The user only has to open an account, replenish it, choose a manager and invest.

  • Due to the settings of the PAMM account and for security and anti-fraud purposes, the account manager cannot withdraw funds from the accounts of his investors. His singular task is to manage the financial assets of his clients. Thus, client funds are protected from unscrupulous traders.

  • Traders are provided with a rating of account managers, which is based on many factors, including the profitability of the managers’ skills and methodologies, the managers’ lifetime averages, and their profitability for various periods.

  • If necessary, the user can always change the fund manager if the financial result does not satisfy him.

  • To invest you do not need to have special skills and knowledge; however, for your investments to bring a higher income, you should learn the basics of the Forex market and constantly review the trades and acumen of the account manager.

PAMM portfolios

The Alpari broker provides an opportunity to invest in several PAMM accounts simultaneously and distribute your capital among them.

  • This type of investment involves fewer financial risks due to the diversification of risk.

  • There is no need to monitor the performance of each account and change managers frequently, as this task is the responsibility of the portfolio manager, which saves you a lot of time.

  • The percentage of payments to a PAMM portfolio manager is often lower than to a specific account manager. The amount of payments depends on the amount of capital invested: the larger the capital, the lower the percentage received by the manager. Therefore, your trading costs may be lower.

Each client of the company can be both an investor and an account manager. You just need to open a personal account, make a minimum deposit and start trading. Using their personal account, traders can monitor investment performance and make decisions about managing their capital. To become a manager, you need to verify your account using scanned copies of documents and confirm your application and data.

Important!

If you are a large investor and plan on investments over $ 10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.

Alpari affiliate program

  • "Revenue Sharing" - a broker's representative may attract new clients and receive up to 60% of the spread for trading operations carried out by the invited trader.

  • “CPA-partner” is a partner whose task is also to attract new customers, but a reward of up to $275 is paid only after new invitees open new accounts and replenish them at least once.

There is also a loyalty program for partners that allows you to increase income for attracted customers. The higher the partner's monthly profit, the higher the additional bonuses.

Score:
6.3/10

Additional Trading Tools

  • Economic Calendar.

The economic calendar is an additional tool for traders to access information about important financial and economic events affecting the foreign exchange market. With the help of an economic calendar, traders can analyze current and past events and their impact on the financial market. This allows one to make optimal trading decisions and earn more profit during the trading process.

  • Trading Schedule.

This tool allows traders to study all the upcoming holidays and, taking into account the information received, adjust their trading strategies in time. The data in the holiday calendar is indicated оn the broker's server time (MT4) — Eastern European Time (EET). If no trading instruments are in the holiday calendar table presented on the broker's website, they are available for trading without restrictions.

Score:
8.13/10

Customer Support

Information

The company's customers have the opportunity to seek help from the 24-hour support service, which is open from Monday to Friday (24/5).

Advantages

  • Answers most questions very quickly
  • Polite and efficient staff
  • A large number of communication methods

Disadvantages

  • Does not work on weekends

The broker offers several ways to contact support such as:

  • call to numbers on the website;

  • email;

  • Skype call;

  • message to the online chat on the broker's website.

Also, communication is carried out through Facebook Messenger, Viber (chat), Telegram (bot), VK (chat), and traders can leave a claim through the feedback form in their personal account.

Contacts

Foundation date 2005
Registration address Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines
Regulation FSC Licence number:
C113012295
Official site alpari.com
Contacts
+442 080 896 850
Score:
8.06/10

Education

Information

To improve the skills of traders, the company offers training materials that will be useful for both novices in the foreign exchange market and for professionals.

Information available in the Education Section
Information not available at the Alpari site
Forex Glossary
Training Videos, podcasts
Bibliography
 
Webinars and seminars
 
Training courses of different complexity
 
Tutorials and other articles
 

To reduce the risk of losses, clients can test the acquired knowledge on a virtual account.

Comparison of Alpari (UK) with other Brokers

Alpari (UK) RoboForex Eightcap Exness AMarkets Pepperstone
Trading
platform
MetaTrader4, MetaTrader5 MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader MT4, MT5 Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 MT4, MT5, AMarkets App MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView
Min deposit $1 $10 $100 $10 $100 $1
Leverage From 1:1
to 1:3000
From 1:1
to 1:2000
From 1:30
to 1:500
From 1:1
to 1:2000
From 1:1
to 1:3000
From 1:1
to 1:400
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0.2 points From 0 points From 0 points From 1 point From 0 points From 0 points
Level of margin call
/ stop out
50%  /  10% 60%  /  40% 80%  /  50% No  /  60% 50%  /  20% 90%  /  20%
Execution of orders Market Execution, Instant Execution Market Execution, Instant Execution Market Execution Market Execution, Instant Execution Market Execution, Instant Execution Instant Execution
No deposit bonus No No No No No No
Cent accounts No Yes No No No No

Detailed Review of Alpari

The Alpari broker has been providing services in the foreign exchange market for over 20 years and during this time has managed to enlist customer support from more than 150 countries. The priority of the company is quality service for traders and providing comfortable conditions for trading using innovative technologies. The broker managed to develop its own mobile application for online trading, a cashback system, and establish a charitable foundation.

A few numbers about the Alpari broker which will help a trader to choose a reliable broker:

  • over 20 years of experience in the foreign exchange market;

  • the company has over 1 million clients;

  • cooperates with traders from 150 countries;

  • trade turnover in 2019 amounted to over $1 trillion;

  • during its work, the broker has received more than 30 local and international awards.

Alpari is a broker with optimal conditions for active and passive trading.

Alpari offers the latest technologies, proprietary developments, and wide-ranging trading functionality, which allows clients to engage in active trading comfortably. The broker provides seven types of accounts, including a cent account for novices, standard accounts for more experienced traders, and ECN accounts for professionals. Orders are executed in two ways: market and instant, so that a trader can choose what is best for him — guaranteed order execution with a possible change in price or trade at a specified price with possible slippages and requotes.

Alpari offers two trading platforms: MetaTrader 4 is familiar to many traders and there is a newer version of the terminal, MetaTrader 5. Clients can also use the mobile application of these platforms or the broker's proprietary platform with Android and iOS operating systems. It is called Alpari Mobile.

Useful services of Alpari:

  • Autochartist. A program that helps to determine the most likely movement and trends;

  • FXStreet calendar. It allows the trader to stay up-to-date with news affecting the movement of currency rates;

  • Forex and cryptocurrency exchange rates. In these sections clients can learn the current position of various currency and cryptocurrency pairs in the market;

  • Currency Converter. It allows you to carry out the necessary calculations without leaving the site;

  • Alpari mobile app. It allows traders to trade from a mobile device and internet connection from anywhere in the world.

Advantages:

1

a wide range of trading accounts for clients with different needs and experience in trading;

2

prompt and polite support service, which can be contacted round-the-clock during the workweek;

3

a mobile application that allows you to carry out trades via a smartphone or other gadget;

4

a large number of ways to replenish the deposit and to withdraw earnings;

5

availability of training courses for traders with different levels of experience in foreign exchange trading;

6

investment offers for passive trading.

Also, the broker allows traders to hedge orders, use trading robots, advisors, and trading signals.

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