Alpari (UK) Fees and Minimum Deposit - TU Expert review
While reliability is paramount, fees and minimum deposits are crucial factors when choosing a broker. Lower fees with diverse options make a broker more attractive for trading. The minimum deposit is another important factor for new traders who may not have a substantial amount to invest immediately.
Traders Union analyzed Alpari (UK) fees, minimum deposit requirements, and commission structure to assess their suitability for beginner traders.
Short introduction of 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).
| 💰 Account currency: | USD and EUR |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | Up to 1:3000 |
| 💱 Spread: | from 0.2 pips |
| 🔧 Instruments: | Currency pairs, metals, CFDs |
| 💹 Margin Call / Stop Out: | 50%, from 10% |
Alpari (UK) Commissions and Fees
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 |
A broker is an intermediary between a trader and an exchange. Therefore, brokers charge fees for their services. The fees may have different structure.
There are the following fees in the Forex market:
-
Spread – the difference between the buy and the sell price of an asset.
-
Commission per lot.
-
Commission per trade.
Broker fees may differ depending on the trading account type. For example, on some accounts spread is used as a trading fee, and on others – commission per lot.
Alpari (UK) Minimum deposit
How to Start Making Profits — Guide for Traders
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:
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.
Brokers similar to Alpari (UK)
When analyzing Alpari (UK), it is important to compare it with other similar companies. Before you choose a broker, it is important to compare its trading conditions with competitors. Traders Union analysts have prepared a comparison of the minimum deposit and other trading conditions of Alpari (UK) and other brokers.
Comparison of Alpari (UK) with other Brokers
| Alpari (UK) | RoboForex | Pocket Option | Exness | XM Group | InstaForex | |
|---|---|---|---|---|---|---|
|
Trading platform |
MetaTrader4, MetaTrader5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, Mobile Trading, XM App |
MT4, MultiTerminal, Mobile Trading, MT5, WebTrader |
|
Min deposit |
$1 |
$10 |
$5 |
$10 |
$5 |
$1 |
|
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
|
Trust management |
No |
No |
No |
No |
No |
Yes |
|
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
|
Spread |
From 0.2 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.6 points |
From 0 points |
|
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
|
Execution of orders |
Market Execution, Instant Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Instant Execution |
|
No deposit bonus |
No |
No |
No |
No |
No |
No |
|
Cent accounts |
No |
Yes |
No |
No |
Yes |
Yes |
| Alpari (UK) | RoboForex | Pocket Option | Exness | XM Group | InstaForex | |
|---|---|---|---|---|---|---|
|
Forex |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Metalls |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Crypto |
No |
No |
Yes |
Yes |
Yes |
Yes |
|
CFD |
Yes |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Indexes |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
|
Stock |
No |
Yes |
Yes |
Yes |
Yes |
Yes |
|
ETF |
No |
Yes |
No |
No |
No |
No |
|
Options |
No |
No |
No |
No |
No |
No |
Could I recommend Alpari (UK) to a beginner trader?
Analysis of Alpari (UK) shows that the broker has a rather high minimum deposit. It could pose a problem for traders, who are only starting their path in trading. Nevertheless, the fees are low. Therefore, the broker will be a good choice for professional traders.
FAQs
Is there a dependence between the fees and the deposit amount?
If a broker offers several account types, there is often a dependence. The more money you deposit, the higher the level of your account will be, and, accordingly, the lower the fees.
Can the fees differ depending on the asset?
Yes. This is why many brokers specify the fees for each asset individually.
What deposit amount should a beginner start with?
Some brokers offer a minimum deposit of $1. However, it is recommended to deposit at least $300-500 to the account to be able to trade fully.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.