Alpari Review 2024
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
- $1
- MetaTrader4
- MetaTrader5
- FSC
- 2005
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
- $1
- MetaTrader4
- MetaTrader5
- FSC
- 2005
Our Evaluation of Alpari (UK)
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
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).
- 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.
- 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
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 |
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📊 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
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:
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.
Create a personal account with a broker. To do this, fill in all the fields in the form with personal data.
Indicate the country and city where you live.
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.
Using your personal account, you can:
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Open a real account.
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Deposit funds to a trading account or withdraw earnings.
The following functions are also available to the trader in the personal account:
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change/edit your personal data;
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adjust account settings;
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make investments;
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manage your account;
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manage your investments;
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access current promotions and bonus offers;
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access trading terminals;
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participate in contests;
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access training materials;
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verify your account and become a PAMM account manager.
Regulation and Safety
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
Commissions & Fees
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 | |
|
$1 | |
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$8.5 |
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:
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.
Deposit and Withdrawal
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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.
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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.
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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.
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Deposits and withdrawals are available in US dollars and Euros.
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
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The company provides clients with a standard investment service. The user only has to open an account, replenish it, choose a manager and invest.
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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.
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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.
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If necessary, the user can always change the fund manager if the financial result does not satisfy him.
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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.
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This type of investment involves fewer financial risks due to the diversification of risk.
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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.
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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.
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
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"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.
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“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.
Additional Trading Tools
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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.
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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.
Customer Support
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:
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call to numbers on the website;
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email;
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Skype call;
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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 |
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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
|
Education
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.
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 | NPBFX | 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 | MT4, MobileTrading, WebTrader, cTrader, MT5, TradingView |
Min deposit | $1 | $10 | $100 | $10 | $10 | $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 1:1000 |
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 0.4 points | From 0 points |
Level of margin call / stop out |
50% / 10% | 60% / 40% | 80% / 50% | No / 60% | No / 30% | 90% / 20% |
Execution of orders | Market Execution, Instant Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Instant Execution, Market 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:
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over 20 years of experience in the foreign exchange market;
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the company has over 1 million clients;
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cooperates with traders from 150 countries;
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trade turnover in 2019 amounted to over $1 trillion;
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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:
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Autochartist. A program that helps to determine the most likely movement and trends;
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FXStreet calendar. It allows the trader to stay up-to-date with news affecting the movement of currency rates;
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Forex and cryptocurrency exchange rates. In these sections clients can learn the current position of various currency and cryptocurrency pairs in the market;
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Currency Converter. It allows you to carry out the necessary calculations without leaving the site;
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Alpari mobile app. It allows traders to trade from a mobile device and internet connection from anywhere in the world.
Advantages:
a wide range of trading accounts for clients with different needs and experience in trading;
prompt and polite support service, which can be contacted round-the-clock during the workweek;
a mobile application that allows you to carry out trades via a smartphone or other gadget;
a large number of ways to replenish the deposit and to withdraw earnings;
availability of training courses for traders with different levels of experience in foreign exchange trading;
investment offers for passive trading.
Also, the broker allows traders to hedge orders, use trading robots, advisors, and trading signals.