Alpari (UK) Germany Review 2024 - TU expert opinion
Is the Forex market legit in Germany?
Forex trading is absolutely legal in Germany. A large part of the country’s residents conduct active investment activity, including through trading currency pairs. The operation of Forex brokers is under supervision of specialists of the Federal Financial Supervisory Authority (BaFin) and also ESMA regulatory organizations. The regulators issue licenses only to reputable brokers with high financial potential for the protection of interests of their users.
Germany is an EU member and therefore all brokers must comply with the MIFID rules. Traders from Germany can work with organizations that are registered in other EU countries. There are no restrictions in this regard.
How to Trade Forex in Germany
In order to start trading, you need to choose a local or international brokerage company and register on its website. You will need to verify your account in order to receive full access to all services offered by the broker. Next, you need to fund your account and install a trading platform on your computer. Once the money is credited to your account, you can start trading.
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 reliable broker with the TU Overall Score of 7.01 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 believes he can recommend this company as the majority of reviews showed that the broker’s clients are mostly satisfied with the company.
The Alpari broker focuses on traders with all levels of experience and provides clients with reasonable conditions for both active trading and investment.
Attention! The company does not participate in the cashback program.
Detailed Review of Alpari (UK) in Germany
Alpari (UK) is a good choice for traders from Germany. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
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.
Advantages of Alpari (UK) for trading in Germany
Traders Union analysts conducted a detailed analysis of Alpari (UK) for traders from Germany. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
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.
Analysis of the Main Features of Alpari (UK) in Germany
Traders Union analysts analyzed the key features of Alpari (UK) for traders from Germany. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Alpari (UK) traders from Germany
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Alpari (UK) trading conditions for traders from Germany. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
💻 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
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💰 Account currency: |
USD and EUR
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💵 Replenishment / Withdrawal: |
Bank transfer, bank cards, internet banks, electronic payment systems, payment terminals
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🚀 Minimum deposit: |
From $1
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⚖️ Leverage: |
Up to 1:3000
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💼 PAMM-accounts: |
Yes
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📈️ Min Order: |
0.01 lot
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💱 Spread: |
from 0.2 pips
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🔧 Instruments: |
Currency pairs, metals, CFDs
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💹 Margin Call / Stop Out: |
50%, from 10%
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🏛 Liquidity provider: |
-
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📱 Mobile trading: |
Yes
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➕ Affiliate program: |
Yes
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📋 Orders execution: |
Instant execution, Market execution
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⭐ Trading features: |
Automatic trading and use of trading signals; Investment offers for passive trading; Prompt and polite support service.
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🎁 Contests and bonuses: |
Yes
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Alpari (UK) Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Alpari (UK) for traders from Germany. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
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.
FAQs
Is Alpari (UK) legal in Germany?
Yes. Alpari (UK) operates legally in Germany. The broker holds the necessary licenses.
Can you learn trading with Alpari (UK)? Does the broker offer courses for traders from Germany?
Yes, Alpari (UK) offers good trading courses and a lot of educational information for clients from Germany.
Can Alpari (UK) be trusted? Has the broker been operating in Germany long?
Alpari (UK) has been operating in Germany quite long and has a good reputation. Therefore, traders can work with Alpari (UK).
Is Alpari (UK) suitable for novice traders from Germany?
Yes. Alpari (UK) offers optimal trading conditions and good education for beginners from Germany.
How efficient is Alpari (UK) customer support in Germany?
Alpari (UK) offers a sufficient number of ways to contact customer support in Germany, and also provides support in the state language.
Has Alpari (UK) had any incidents involving theft of funds of clients from Germany?
No. Alpari (UK) provides reliable security of funds of clients from Germany.
Will I be able to file a lawsuit in Germany if Alpari (UK) violates my rights?
Yes. If Alpari (UK) violates your rights, you can file a complaint with the regulator of Germany, and then with a court.
Can Alpari (UK) clients from Germany use the broker’s mobile app?
Yes. The mobile app of Alpari (UK) is available for the clients from Germany.
Does Alpari (UK) provide Germany market analysis?
Analysis of Germany is featured in the information provided by Alpari (UK).
How can I withdraw funds from my account at Alpari (UK) in Germany?
Alpari (UK) supports bank transfers and debit/credit cards of the banks operating in Germany.
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.