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Alpari International is an established foreign exchange trading company. It was started in 1998 by three people in Russia. Its main office is situated in St. Vincent and the Grenadines.
Alpari Main Highlights
| 🚀 Minimum deposit: | 5$ |
| ⚖️ Leverage: | Up to 1:3000 |
| 🛡️ Regulations & Licenses: | FSC |
| 💵 Deposits/Withdrawals: | Bank transfers, credit cards, Skrill, Neteller, wire transfer, Bitcoin, WebMoney, VLOAD, Perfect Money |
| 💻 Trading platform: | MetaTrader 4, MetaTrader 5, Mobile app |
| 🌙 Islamic Account: | Yes |
| 🔗 Main domain: | alpari.org |
A Look at Alpari
Alpari International is an online trading platform and asset broker that was established in 1998. Based in St. Vincent and the Grenadines, it has grown significantly in the last 23 years and now offers Forex trading to retail investors. It has 60,000 active users and was recently awarded the Best Forex Broker prize at the Smart Vision Investment Expo 2022 in Egypt.
Alpari Account Types
Alpari International provides a demo account for practice trading. Additionally, they have four real-money account types: Standard/Basic, and three ECN enhanced accounts.
Standard account
This account is offered on the MT4 platform, and requires a minimum deposit of $100. It provides 1.2 pip spreads, no commission fees, and a maximum leverage of up to 1:1000. All orders are processed instantly.
Micro account
This broker’s account is on MT4 and you need to deposit at least $1,000 to start. The spread for trades is 1.7 pips and there is no commission fee. The leverage is fixed at 1:400 and trades are executed quickly. There is no demo account available.
ECN account
This account can be used on both MT4 and MT5 trading platforms. To open the account you need a minimum deposit of $500. The spread is 0.4 pips, and it costs $1.5 per side for transactions. The leverage is 1:1000 and orders are executed based on current market prices.
Pro account
This account can be used on both the MT4 and MT5 trading platforms. To open the account, you must deposit at least $500. The spread is 0.4 pips and there is a commission fee of $1.5 for each side. The maximum leverage available is 1:1000 and the trades are executed based on the market.
Alpari Trading Platforms
Alpari International provides two trading platforms: MT4 (MetaTrader 4) and MT5 (MetaTrader 5). These platforms are available on any device, including phones, computers, and tablets. They are easy to use and offer a range of tools and instruments. The brokers can be used by traders of all levels, from beginner to experienced.
The MT4 Micro Account has a stop-out of 30% and a margin call of 50%, while the standard MT4 account has a higher margin call of 60%. All accounts are commission-free and traders can choose between MT4 and MT5.
Mobile app
Alpari International has created a dedicated mobile app to give traders access to the crypto market and over 250 trading markets at any time. The app can be downloaded from the broker website, Google PlayStore, Apple AppStore, or the Client Portal Area and is available for both iOS and Android operating systems.
The app is connected to the MT4 and MT5 trading platforms, and only one account is required to log in. This allows traders to manage and monitor their trading portfolios anytime and anywhere.
Alpari Regulations and Licenses
Alpari International is a highly regarded brokerage firm that is regulated by the Financial Commission (FSC) in the Republic of Mauritius through its parent company, Exinity Limited.
Unfortunately, this broker does not offer negative balance protection, meaning that if the market moves suddenly against a trader’s current trade, the trading account will not be covered from any losses. Alpari is a member of the Financial Services Commission (FSC) and offers coverage of up to €20,000 for disputes. It is also subject to oversight and regulation by some of the world’s most respected organizations.
This regulatory oversight provides traders with protection through initiatives like reimbursement schemes, which can recover investments if the broker goes bankrupt. Alpari was founded in 1998 and was the first to be based in Russia. It is mostly regulated and supervised by the Financial Conduct Authority (FCA), one of the leading regulatory bodies in the UK.
Alpari Top Features
They offer trading features:
- Access to 1947 strategy a/c.
- API trading.
- Advanced Financial Chart.
- Research-backed analysis.
- Easy-to-use trading exchange for both beginners and professional investors.
- Supports more than 7 languages
Alpari Deposits & Withdrawals
Alpari provides various methods for making deposits. Besides traditional bank transfers and credit cards, investors can deposit money via digital payment methods such as Skrill and Neteller. And deposits can be made with cryptocurrencies or cheques, although this usually takes up to a week.
The process of withdrawing funds is simple. Your account must be verified before you can withdraw. But depending on the payment method chosen, funds may take from 1-3 days to be processed and arrive. Withdrawal fees vary depending on the payment method chosen.
Popular payment options include bank wire transfer (local and international), Bitcoin, Neteller, WebMoney, Skrill, VLOAD, Perfect Money, credit cards, and debit cards. Most e-wallet options don’t have withdrawal fees. Bank wire transfers, however, may cost around 30 dollars or a percentage of the fund amount.
Alpari Copy Trade
New Alpari International investors can benefit from Copy Trading on the platform. This type of trading provides the same experience as regular trading, but the account copies the moves of professional traders known as Strategy Managers.
There is no action required from the users, as the account automatically copies the trades. New Alpari users can start Copy Trading with as little as $100. This makes it easy to access the crypto markets without needing prior knowledge or research. There is complete control over the Strategy Managers and the amount to invest.
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FAQs
Is Alpari a scam?
Alpari has been around for a long time and has a good reputation, but it does not have official licenses from important organizations like the FCA and ASIC. This means it does not have the same strict standards of safety for traders as other brokers.
Is Alpari securities legit?
Yes, it is a trusted broker.
What is the minimum deposit for Alpari?
5$
Where are the offices of Alpari located?
St. Vincent and the Grenadines
Alpari Pros
- No commission for trading
- Alpari Copytrade
- Supports ECN trading accounts
Alpari Cons
- no trading on weekends
- Money can take some time to be taken out.
