Alpari (UK) Great Britain Review 2024 - TU expert opinion
Is the Forex market legit in Great Britain?
Forex trading is legal in the UK. Anybody can trade in the financial markets. The brokers are considered legal in the UK if they are officially registered and have the license for financial activity of the FCA, the local financial regulator. This regulatory body has the right to inspect brokers for compliance with the UK financial law.
Only brokers who meet a number of requirements can obtain the FCA financial license. The minimum equity for such brokers is GBP 125,000, and for full license – GBP 730,000. Also, all brokers who obtained the FCA license have a representative office in the UK. The FCA imposes no restrictions on the Forex pairs or other assets. Only CFD trading is not allowed.
How to Trade Forex in the UK
Forex trading in the UK does not require special licenses or permissions. You need to register and pass verification by providing a proof of identity and a proof of address. Next, you need to fund your account and you can start trading. Also, a broker can ask you to provide a document confirming your source of income.
Detailed Review of Alpari (UK) in Great Britain
Alpari (UK) is a good choice for traders from Great Britain. 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:
-
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.
Advantages of Alpari (UK) for trading in Great Britain
Traders Union analysts conducted a detailed analysis of Alpari (UK) for traders from Great Britain. 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 Great Britain
Traders Union analysts analyzed the key features of Alpari (UK) for traders from Great Britain. 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 Great Britain
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 Great Britain. 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
|
|---|---|
| 📊 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 (UK) Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Alpari (UK) for traders from Great Britain. 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.
Expert Review of Alpari (UK)
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.
FAQs
Is Alpari (UK) legal in Great Britain?
Yes. Alpari (UK) operates legally in Great Britain. The broker holds the necessary licenses.
Can you learn trading with Alpari (UK)? Does the broker offer courses for traders from Great Britain?
Yes, Alpari (UK) offers good trading courses and a lot of educational information for clients from Great Britain.
Can Alpari (UK) be trusted? Has the broker been operating in Great Britain long?
Alpari (UK) has been operating in Great Britain quite long and has a good reputation. Therefore, traders can work with Alpari (UK).
Is Alpari (UK) suitable for novice traders from Great Britain?
Yes. Alpari (UK) offers optimal trading conditions and good education for beginners from Great Britain.
How efficient is Alpari (UK) customer support in Great Britain?
Alpari (UK) offers a sufficient number of ways to contact customer support in Great Britain, and also provides support in the state language.
Has Alpari (UK) had any incidents involving theft of funds of clients from Great Britain?
No. Alpari (UK) provides reliable security of funds of clients from Great Britain.
Will I be able to file a lawsuit in Great Britain if Alpari (UK) violates my rights?
Yes. If Alpari (UK) violates your rights, you can file a complaint with the regulator of Great Britain, and then with a court.
Can Alpari (UK) clients from Great Britain use the broker’s mobile app?
Yes. The mobile app of Alpari (UK) is available for the clients from Great Britain.
Does Alpari (UK) provide Great Britain market analysis?
Analysis of Great Britain is featured in the information provided by Alpari (UK).
How can I withdraw funds from my account at Alpari (UK) in Great Britain?
Alpari (UK) supports bank transfers and debit/credit cards of the banks operating in Great Britain.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!