Pros & cons of Alpari broker

Alpari Fact sheet

Two regulators are overseeing Alpari’s activities including the Financial Services Authority of St. Vincent and the Grenadines and Mauritius' Financial Services Commission. Furthermore, the broker is part of the investor compensation fund and holds all client capital in segregated bank accounts. Negative balance protection provides prevention against going into negative numbers on your trading account in case of overleveraged trading. 

There are 6 total account types offered by Alpari, namely the nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, and ecn.mt5 accounts. With this large number of different account types, everyone will find something useful for their trading needs and preferences. Since there are this many different accounts with different minimum deposit requirements, leverage, trading platforms, and offered instruments, let’s describe them all

The leverages are also diverse for each account type. Starting from 1:500 for the nano.mt4 cent type accounts, all the way to 1:1000 for standard.mt4 and standard.mt5 accounts, and goes up to 1:3000 for the three remaining account types. pro.ecn.mt4 has a trading commission of 16 USD per 1,000,000 traded volume which is very cheap when compared to other popular brokers. Commission and spreads start from 0.0 pipsand are the same for the ecn.mt5 account type, except that it has a subscription fee for stock CFDs of 0.01 USD. Spreads for ECN-type accounts start from 0.0 pips and require commissions, but since there are low general spreads, these types of accounts are only recommended for scalpers as they heavily rely on low spreads for making profits.

Pros & cons of Alpari account types

Comparing Alpari fees with other brokers

Alpari fees compared to Interactive Brokers fees

*Inactivity fee was eliminated by IB in 2021, it used to be $20/m

Alpari fees compared to CM Trading fees

Alpari fees compared to plus500 fees

Alpari fees compared to XM fees

Alpari fees compared to AvaTrade fees

Alpari fees compared to Capital.com fees

The two main trading platforms offered by Alpari are MetaTrader 4 (MT4) and MetaTrader 5 (MT5), both of which are advanced professional trading platforms. MT5 is a multi-asset platform whereas MT4 is more focused on Forex trading. Despite this, the basic features are the same, and only minor differences can be found between them. Alpari offers their traders 12 timeframes, more than 20 technical indicators, a built-in strategy tester, and interactive charts for these trading platforms. Additionally, there is an app for both iOS and Android. It is also possible to use MT4 and MT5 on all devices and the same login credentials can be used across all devices making it seamless to trade on the go. In addition to Forex trading, there is a dedicated mobile app for investors where investing is possible in various assets with one simple platform. 

Alpari aims to offer high-quality educational materials for beginners and heaven hold some awards for it . Articles about Forex and a glossary offer absolute fundamentals for any newbie who wants to learn to trade, and market research tools are available free of charge for Alpari clients. Market reviews, a Forex economic calendar, analytical tools, and currency converters will all assist traders in analyzing market trends and help them to make wiser decisions during trading. Market news consists of articles covering important topics and comes with explanations.

Alpari has excellent customer service with numerous methods for getting in touch, and the broker is represented on several popular social media platforms. Additionally, there are live chat options available and the website and support are both multilingual. Clients can leave a message using an online form which is provided on the broker’s website while phone calls and emails are also possible. All in all, Alpari offers excellent customer service.

Alpari is an international Forex and CFD broker that offers diverse account types to cater to the trading needs and preferences of different traders. The broker has a long-standing reputation, dating back to 1998, and is regulated by two regulatory authorities, namely the Mauritius FSC and the FSA of St. Vincent and the Grenadines. Alpari's safety and security measures are commendable, including negative balance protection, compensation fund membership, and segregated bank accounts. The broker's fees and commissions are competitive, with low spreads from 0.0 pips and no deposit and withdrawal fees. Alpari's high leverage of 1:3000 may be a concern for risk-averse traders with small budgets, but the broker offers a variety of other account types with lower leverage. Overall, Alpari is a broker worth considering for traders of all levels due to its excellent trading services, trading platforms, and research resources. In case of issues or questions, there are several support methods available in different languages.