Alpari Account Opening | How to Open Alpari Account

Pros

Cons

  • Min deposit starting at $5 for micro accounts
  • Islamic account option
  • PAMM account option for investors
  • Demo account option
  • The account creation process is a little bit confusing
  • Not available in the USA, Russia, and Japan.
  • No two-factor authentication method for login

Introduction

Alpari is one of the largest forex and CFDs brokers with +20 years of experience since 1998. It was founded by three partners in Russia. Now, Alpari broker has become modern by time with about 2 million users from 150 countries. Alpari has offices in different locations like Russia, Georgia, Ukraine, Saint Vincent, and more.

Countries Available

Alpari accepts traders from Australia, Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

On the other hand, you can not open an Alpari account if are resident in the United States, Ukraine, Georgia, Japan, Russian Federation, Canada, Moldova, New Zealand, Haiti, Suriname, Azerbaijan, Turkmenistan, Uzbekistan, Armenia, Kazakhstan, Belarus, Tajikistan, Kyrgyzstan, or Mauritania.

Min Deposit

The min deposit differ from an account type to another and the base currency used also as the following:

  • For the micro account: $/€/£ 5, ₦1 000
  • For the Standard account: $/€/£ 100, ₦20 000
  • For the ECN account: $/€/£ 25,000
  • For the Pro Account: $/€/£ 500, ₦20 000

Account Types

There are 4 account types in Alpari:

  • Micro account
  • Standard account
  • ECN account
  • Pro account

 

In addition to the previous types, there’s an islamic account option for those who live in amuslim country.

Also there’s a PAMM account in which the investors earn money with no need to trade. They only invest their funds in the accounts of traders, who receive a percentage of the profits they earn from trading with the investors’ funds as a reward.

Alpari – Account comparison

 

Micro

Standard

Pro

ECN

Spread

From 1.7

From 1.2

From 0.4

From 0.4

Commissions

$0

$0

$0

1.5$ per lot per side

Min deposit

$/€/£ 5, ₦1 000

$/€/£ 100, ₦20 000

$/€/£ 25,000

$/€/£ 500, ₦20 000

Swap free

Yes

Yes

Yes

MT4 (Yes)

MT5 (No)

Offering of investments

Majors, Minors (25)

Spot metals (2)

Majors, Minors, Exotics, RUB (61)

Spot metals (5)

CFDs (4)

Majors, Minors, Exotics (54)

Spot metals (3)

MT4:

Majors, Minors, Exotics, RUB (56)

Spot metals (3)

CFDs (14)

MT5

Majors, Minors, Exotics, RUB (57)

Spot metals (2)

CFDs (3)

Platforms

MT4

MT4

MT4

MT4, MT5

Alpari also provides a demo account with 0 fees if you want to experience the trading platform with no risk.

There’s an option to join the Alpari affiliate partner program if you want as well.

How to Open Account

The process of opening an account is pretty simple. We will guide you through little steps to register and start using Alpari.

  1. Go to the Alpari website and click the register button at the top right of the page.
  2. Provide some personal information like name, email address, and phone number.
  3. Enter your country and city.
  4. Alpari will send you a PIN code through your email or phone number to verify your account.
  5. You will need to provide your financial information as will as documents that verify your identity.

Alpari Account Opening | How to Open Alpari Account

Alpari – Account opening

Notes:

  • Due also to the requirements of the regulatory bodies that supervise Alpari, it is necessary that in order to operate with your account you send them a proof that proves your identity and another proof that proves your current address :
  • Identity document : You must send a copy of your ID, your passport or driving license . It has to be an official document that clearly shows your identity and that it is valid (the document you send cannot be expired). You can scan any of these documents and send it in PDF, JPG, GIF, or take a photo with your mobile if it is more comfortable for you. In any case, the image must have good quality and be completely readable, otherwise it may give you problems to verify it.
  • Proof of address : This is to send a document that shows your current address . You will have to send a recent utility bill (not exceeding 3 months) for electricity, water, gas, landline or Internet (many brokers do not accept, for example, mobile phone bills). You can scan and send it in PDF, JPG, GIF, or take a photo with your mobile. Like the previous document, all the data must be legible and have sufficient quality.

FAQs

  1. Does Alpari give a bonus?
  • Alpari provides a number of ways in its loyalty program to refund its clients from different categories and give them opportunities according to their statuses.
  1. Are there any inactivity fees?
  • Yes, Alpari does charge 5EUR/USD/GBP or NGN equivalent for traders who are not active for 6 consecutive months.
  1. Does Alpari offer educational resources?
  • Yes, it provides a variety of educational materials like videos, tutorials, and articles.

 



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