Alpari Pros & Cons | Get Information at a Glance

Introduction

Alpari is one of the best FX and CFD brokers out there. With more than 22 years of experience in trading, Alpari becomes suitable for a lot of users whether they’re beginners, intermediate, or even professionals.

In this article we’re addressing the main pros and cons of Alpari in each broker aspect.

Alpari

Pros

Cons

Safety

  • Founded in 1998
  • Regulated by FSA and IFSC
  • Has negative balance protection
  • Not regulated by top-tier FCA
  • No two-factor authentication login method

Offering of Investments

  • Forex, CFD, and cryptocurrencies trading options
  • Indices, ETFs, and spot metals option
  • No real stock trading

Account Opening

  • 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
  • Islamic account is available only when using MT4
  • Not available in the USA, Russia, and Japan.

Fees and Commissions

  • Low commissions
  • Tight spreads
  • Swap-free options
  • Deposit and withdrawal fees

Deposit & Withdrawal

  • Account to account transfers with no commissions
  • Supports 4 major account currencies USD, EUR, GBP, and NGN
  • Min deposit starting from $5 up to $20 and $500 for ECN accounts
  • Ability to deposit and withdraw using credit cards, debit cards, FasaPay, Neteller, WebMoney, Bitcoin, Perfect Money, bank transfers, and electronic wallets
  • 0.5-2% fees for electronic wallets transfers

Platforms and Languages

  • Available on MT4 and MT5 trading platforms
  • User-friendly
  • Available in many languages
  • Various order types
  • Notifications and alerts
  • Old Design

Research Tools

  • Has an Autochartist tool
  • Has a FXStreet tool
  • Limited research tools compared to competitors

Customer Service

  • Excellent service reputation
  • Live chat
  • Phone calls
  • Email
  • 24/7 support
  • None

Education

  • Demo account
  • Webinars
  • Beginners guide
  • Articles
  • None

FAQs

  1. Does Alpari allow bot trading?
  • Yes, it does allow bot trading.
  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. Does Alpari allow scalping?
  • Yes, Alpari does allow scalping.
  1. What are the platforms that support Alpari?
  • MT4 and MT5
  1. What are the spreads available when trading with Alpari?
  • The spreads start from 0.4 pips for the ECN and Pro accounts.
  • For the micro and standard accounts, spreads are 1.7 and 1.4 respectively.
  1. Does Alpari charge commissions?
  • Yes, it does charge commissions for the ECN account only from $1.5 per lot.

If you want more information, please check out Alpari Full Review.



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