Is Alpari regulated?

The Alpari broker is regulated by many financial authorities in different countries like:

• SVG FSA: Financial Services Authority
• IFSC: International Financial Service Commission

Is Alpari a scam?

Alpari safety is divided into 2 parts: the safety of the broker itself and the safety of the client.

• Broker safety

Alpari broker has a long record as a trading platform since 1998 with more than 2 million users worldwide and passed through different global crises ending with the coronavirus.

• Client protection

The clients’ funds are kept in segregated accounts in banks. This means that all accounts and investments are safe and secure when using Alpari.

Alpari does afford trading with forex, spot metals, indices,  cryptocurrencies, and more. Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims. Alpari Offering of Investments

a. Countries available

You can open an account on Alpari if you’re resident in Australia, United Kingdom, United Arab Emirates, and more. Alpari countries list

b. 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

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

c. How to open an 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

Fees can vary from account type to another as the following sections.

a. Commissions

For the micro, standard, or the pro account, the trader does not have to commissions. But for the ECN account, the trader will pay $1.5 per lot per side when executing trades.

b. Trading Fees

The trading fees on Alpari differs from an account to another according to its features. There are also overnight fees with an option for islamic accounts to swap for free. Disclaimer: CFDs have a high risk of losing money rapidly. 79% of retail investor accounts lose money due to leverage when trading CFDs with this provider. CFDs are not complying with the islamic religion. And if you want to trade in CFDs you should consider a swap-free account to follow islamic rules. Learn more about CFDs for muslims.

c. Non-trading fees

• Account fee : there’s no account fee in Alpari, but a minimum deposit applied according to the account type from $5 for micro accounts, $100 for standard account, $25,000 for pro account, and $20,000 for ECN accounts
• Deposit and withdrawal fees: although most of the transfers are free, Alpari charges a fee for withdrawals using electronic wallets ranges between 0.5 to 2%. There is also a fee of 30 EUR when withdrawing using bank transfers.
• Inactivity fee: Alpari does charge with 5EUR/USD/GBP or NGN equivalent for traders who are not active for 6 consecutive months.

a. Account Currencies

The Alpari account has 4 base currencies of USD, EUR, GBP, and NGN that you can choose one of them. Notes:

• You will not be charged with conversion fees if your account has the same currency with your bank account or when you trade assets with the same currency of your account.

• If you want to avoid being charged with conversion fees, you can open a multi-currency bank account at a digital bank.

b. Deposit & Withdrawal

1. Options Alpari allows deposit and withdrawals using any of the following ways:

• credit cards, debit cards, FasaPay, Neteller, WebMoney, Bitcoin, Perfect Money, bank transfers, and electronic wallets

2. Fees Generally, Alpari does not charge fees for depositing and withdrawing unless for the transfers using electronic wallets that have 0.5 to 2% fee. There’s also a 30 EUR fee for bank transfers. 3. Time For bank transfers, it can take from 3 to 5 days while the electronic wallet transfers take 1 business day to proceed. Note: For security reasons, you may have to verify your identity with the payment department for the first time through the registered email or the phone number.

Alpari works on 2 platforms: MT4 and MT5 Both of them are available on Windows / Mac / Android / IOS

1. MT4

MT4 of MetaTrader 4 is a famous trading platform that you can trade on with from a number of brokers available, including Alpari.

a. Languages

MT4 does support over 30 languages including English, French, Spanish, Portuguese, Japanese, Chinese and Russian.

b. User interface (UI)

The user interface of MT4 is pretty familiar to a lot of traders worldwide. At the same time, it’s easy to be used for beginners as well. With a friendly design and a number of tools available, MT4 can be your best choice for trading.

MT4 desktop version

MT4 mobile and tablet versions

c. Security

MT4 encrypts your trading data with all of your information from cyber attacks as well as not revealing your IP address while trading using the platform. From a login perspective, MT4 has a two-step verification method as well to protect your account from hacks.

d. Searching

MT4 provides you with powerful and clear searching tools. You can search on blogs, documentation, forum, articles.

MT4 search

e. Placing orders

There are 4 types of orders:

1. Market order
2. Buy limit
3. Buy stop
4. Sell limit
5. Sell stop

In addition to those 4 types, there are 2 options to stop loss or take profit while trading.

f. Notifications and alerts

MT4 has a push notification option through 2 different methods:

• Through the application
• Through signal function

g. Reports

There are a number of reports available in the MetaTrader platform like:

• Bars in test
• Ticks modeled
• Modeling quality
• Grey
• Red
• Green

MT5

MT5 is a free application for traders allowing them to perform technical analysis and trading operations in the Forex and exchange markets.

a. Languages

MT4 does support over 20 languages including English, French, Spanish, Italian, Japanese, and Chinese.

b. User interface (UI)

MT5 was launched in June, 2010. It has about 1 million users worldwide. It also has a good interface which is similar to MT4 with the main functionalities available. MT5 is more suitable for advanced traders.

MT5 desktop version

MT5 mobile and tablet versions

c. Security

MT4 encrypts your trading data with all of your information from cyber attacks as well as not revealing your IP address while trading using the platform. From a login perspective, MT4 has a two-step verification method as well to protect your account from hacks.

d. Research

MT5 offers financial and forex news from international agencies and provides a daily broadcast of dozens of newsletters from global events. MT5 also provides you with powerful and clear searching tools.

MT5 search

e. Placing orders

In addition to the 5 order types offered by MT4, the MetaTrader 5 platform has more 2 options which are:

• Buy stop limit
• Sell stop limit

Like the MT4, MT5 has ‘stop loss’ and ‘take profit’ options while trading as well.

f. Notifications and alerts

MT5 has instant notifications and alerts in its system to never miss an opportunity in the market.

g. Reports

The MT5 platform carries news reports from international news agencies and also sports an economic calendar.

Sources

There are two sources of research tools available in Alpari, Autochartist and FXSTREET.

Autochartist

Sometimes, when the trader looks at the price chart, he/ she can not decide to open a long position or short position. In this case, the trader can use the Autochartist tool which is a free online service that automatically analyzes the price charts and provides the trader with the best decision to take.

FXStreet

In a world full of enormous events that affect currency changes, it’s important to keep track of them to be updated with the latest information. That’s why the FXStreet tool helps you keep tracking of these events to never miss any important event by keeping them in an economic calendar.

a. Options

Alpari supports different customer service channels like phone calls, live chats, and emails. The interesting part is that the reputation of Alpari’s customer support is good according to a lot of customers’ opinions.

b. Languages

The languages available for the website are English, Russian, Spanish, French, Arabic, Chinese, Farsi, Indonesian, Turkish

c. Contact info

For the email support, send an email to: customersupport@alpari.com For phone calls, use this number: +442 080 896 850 Also you can reach Alperi via address: 5th Floor, 355 NEX Tower, Rue du savior, Cybercity, Ebene, 72201, Republic of Mauritius.

Alpari provides some handful materials for trading, especially for beginners. With live webinars and other useful guides for forex trading and strategies. There are also online workshops for interactive learning.

Alpari also provides some useful articles in the trading field with a lot of information that helps beginners to start trading with the ability to trade with a demo account to familiarize yourself with the platform and start a virtual trading without being afraid of losing money.

Alpari Education

Does Alpari allow bot trading?

• Yes, it does allow bot trading.

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.

Does Alpari allow scalping?

• Yes, Alpari does allow scalping.

What are the platforms that support Alpari?

• MT4 and MT5

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.

Does Alpari charge commissions?

• Yes, it does charge commissions for the ECV account only from $1.5 per lot.