Check out Our Review on Alpari and See What This Leading Broker Has to Offer
If you are a beginner trader, the start of your trading journey is always filled with challenges. One of the first challenges that you will come across is the selection of your broker. While you might think that this is an easy task as all you have to do is to search online, the fact is there are just too many brokers online for you to evaluate properly. The competition is fierce. Each broker will be trying to tout their uniqueness to potential clientele and if you are not familiar with what your trading needs are, you can easily end up with a broker that is totally unsuitable for you. So to help you make the right choice in your broker selection, we have reviewed some of the leading and most trustworthy brokers in the industry for you to check out. Let’s take a look at what Alpari has to offer.
Founded in 1998, Alpari is a leading pioneering online forex and CFD broker in the industry. The broker was one of the first brokers that adopted the popular MetaTrader 4 trading platform. Hence, it is not surprising that Alpari is currently the largest MetaTrader based forex broker in the world. The broker is also credited for being the broker that introduced the PAMM money manager service into the online trading industry. Based in Saint Vincent and the Grenadines, Alpari currently serves in excess of 2 million clients all over the world.
Forex Account Types at Alpari
Alpari offers 2 main types of trading accounts, for Independent trading and Fund Management. Trading accounts for independent trading are as follows:
- Nano MT4 Account
- Standard MT4 Account
- Standard MT5 Account
- ECN MT4 Account
- ECN MT5 Account
- ECN Pro MT4 Account
For investors or money managers, they have the following types of fund management accounts to select from:
- PAMM MT4 Account
- PAMM MT5 Account
- PAMM ECN MT4 Account
For the starter level account, Alpari does not have any minimum deposit requirement. Account currency can be in Euros, US dollar or GLD (a unit pegged to the price of gold). With these accounts, traders at Alpari can enjoy spreads as low as 0.2 pips on the EUR/USD currency pair. For ECN type accounts, the spread can even be as low as zero pips. As for the leverage ratio offered by Alpari, they range from 1:500 to 1:1000.
Alpari also offers a demo account for traders to test out the services offered by the broker. The demo account has no expiry time and enables traders to get a taste of live trading without risking their own money.
Alpari Products & Services Offerings
With Alpari, traders can access the financial markets 24 hours a day during the entire trading week. The broker offers 46 currency pairs, 2 metals, 2 commodity CFDs, 6 commodity & index CFDs, 5 index CFDs, 5 cryptocurrency CFDs for its traders to trade with. Please note, the availability of cryptocurrencies is subject to regulations.
Trading Platforms That are Available at Alpari
Alpari was one of the pioneering forex brokers in the industry to offer its clients the MetaTrader trading platforms from MetaQuotes software. The broker has made both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms available. The MT4 trading platform is especially popular among brokers and traders in the industry due to its proven track record for reliability and efficiency. Some of the key features of the MT4 trading platform include:
- Advance Charting Package
- Automated Trading Supported
- Built in MQL 4 language
- iOS and Android Mobile Apps
- Over 30 technical indicators
- PAMM terminal available
- Support for multiple languages
- Support multiple order types
The MT5 platform is an improved version of the older MT4 trading platform. The MT5 was developed to cater for the wider variety of financial instruments that are available for trading in the markets today. Its key features include the following:
- 4 trade order types
- 44 analytical objects and 38 technical indicators
- 6 Pending order types
- Support multiple timeframes for the charts
News and Education at Alpari
Forex education at Alpari is available in 3 forms, ebooks, articles and webinars. The article based section of the educational package at Alpari is pretty comprehensive. There are a large number of articles which you can refer to for tips on how to trade the financial markets. For example for beginner trades, there is a complete course called “The complete beginner’s guide to Forex”. Webinars at Alpari are categorized into two separate categories, one is for Novice Traders and the other is Market Reviews.
For market news and research, Alpari offers up to date news in real time. This is made possible with the broker’s tie-in with FxWire Pro, professional informational service. Coverage of news is global and authoritative with the commentaries provided by leading economists. With this service provided by Alpari, traders can save time and focus more on their trading activities.
With Alpari, traders can rest assured that they are dealing with a legitimate and reliable forex broker. The broker has been operational since the turn of the millennium. The spreads offered by the broker are competitive. In addition, the trading platforms provided by the Alpari are proven reliable trading platforms. As for payment options, the broker also supports a selection of popular fund transfer methods such as credit cards, bank wire transfer and popular digital wallets. But most importantly of all, traders can be confident that Alpari is a brand that can be trusted.
Can I trust Alpari?
Yes, Alpari is a trusted broker in the forex industry. The broker has been operating since 1998. While the broker has undergone some turmoil in the past, it has always come through those challenges ever stronger.
How to open Alpari account?
To open a trading account at Alpari, you need to first fill out the registration form. Click the “Register with MyAlpari” button and follow the instructions indicated.
Is Alpari a scam?
No, Alpari is not a scam. The broker currently operates in several countries and is catering to more than 2 million clients from 150 countries. The broker also offer quality services and has managed to survive in the ultra competitive industry.
How to get a premium account at Alpari?
Alpari offers different types of trading accounts. To sign up for a premium account, you need to be able to fulfill the account opening requirements.