Alpari UKAlpari (UK) Limited

JJ Bosh, 03/18/2010 ,

I had two demo accounts with Alpari Uk. One was a scalper EA amd the other a manual trader. Surprisingly the scalper did fairly well at first, until it started doing really well, at which point trades were delayed,not closed at their TP and it began to lose money. The manual trader was always coming up against a 'terminal busy' signal at critical moments, always losing money. Both accounts were bounced by Alpari regulary without warning and without a rescan or re-log on. Something stinks here. Needless to say I have not opened a live account with this company.

SnappyNap, 01/04/2010 ,

I have been trading with Alpari for close to two years now...I agree that during news period and the attendant volatility, several re-quotes are offered. To overcome this, i usually place pending buy/sell orders and this completely solved it...all my orders where honored. Also it is a good place for EAs. Order execution are excellent and in accordance with forward testing with my strategy tester. Also a good VPS providing services should not be overlooked; I use www.vpsland.com at $18 per month, which is one of the cheapest in the business and their services - excellent.

Wan, FPA, 12/01/2009 ,

I've been with this broker for almost a year now. A friend of mine who traded forex for a living recommended me. It was hard to get approval for the account at first (very strict, but I was almost pissed, but since I just have to do it once, I just give what they wanted), but I would not blame them, its for the good of both sides. Then customer service is very friendly, they replied my email quite fast, and I called them when I have problem with my account, they gladly help me to sort it out. The only problem is their flexible spreads (sometime its too high which is bad and sometime its too low which is good) but I prefer it just like before, things would be easier. Another thing is Live Chat, I really do like to chat rather than calling them. But I guess they wanted to retain their standard. Deposits are fast, and lastly, I've just made my withdrawals and received it today. They promised that it would appear in 5 days, but it came in just only 2 days. Excellent!

evoangel, forexfactory.com, 11/06/2009 ,

well i m wif alpari for the past 3 months.. probably im still new but alpari work fine to me...for now.. =)

but there r indeed 2 things that i dislike about it..

1. YES.. Re-quotes.. it drives me crazy sometime..

2. Their customer service sometimes seem to be very confused. My story- I deposit roughly around usd550 and they sent me a mail stating a lesser amount it already been deposit into my account. But when i check my account on my statement it was really usd550 deposited.. LOL

other than that everything seems fine atm..

slimcat, forexfactory.com, 11/04/2009 ,

I am using this broker live for the last 6 weeks as I live in the UK.
I do not have any experience of other brokers but Alpari for me are not good.

Re quotes are very common and at times when there is no news and liquidity should be good and the price is not moving fast.
Invalid price quotes so you cannot close a trade when you want to.
Platform freezing and just this week a spread of 30 pips on the pound dollar at 9pm uk time just as I wanted to place a buy order...hmmm.

I'm researching and looking for another one.
This is just my experience from a live micro account and would not trust them with standard lot sizes.

Nigel, FPA, 11/01/2009 ,

When I joined Alpari UK some months ago I was very happy with them. The "flexible spread" story is shocking and completely distroys decent after hours or robotic trading!! Recently however my account has been rapidly depleted. Why? Well I'm not saying that I'm a great trader but when your buy or sell stop trade constantly gets triggered and the price immediately reverses once or twice it's just bad luck but when it happens time and time again, one starts wondering who you as a small retail trader are actually up against. One thing is for sure, most of these brokers are NOT on your side!!

Eddie Oneill, 11/01/2009 ,

I have been using alpari Uk on a live account for about 2 months. Spreads are variable, mainly around the times I trade With Fapturbo,ie 20:00 - 24:00 GMT. I also run demos with 5 other brokers and track the spreads and find that the live Alpari generally gives me slightly better. Can t really find any fault at the minute. Havnt tried to get money out yet but dont think it will be a problem

Sam, earnforex.com, 11/01/2009 ,

Slippage is commonplace. Also pip spread as suggested is not honerable so expect to see considerable price move against you on entry. Heavy dealing desk participation so know your game. Best point someone always answers the phone.

Gustave LeBon, FPA, 09/10/2009 ,

Under the pretext of mirroring market conditions, ALPARI UK is using variable spreads to syphon off profits.
It is very obvious what is going on here: they want to chase away people trading by EA only, and no doubt, in a short time you will achieve this objective. What completely escapes me, is how they can be so stupid as to risk destroying what little they have left of their reputation over short term profits. They do not seem to have any clue what negative public relation can do to the future of their company. Well, they should just think of what happened to the SHELL Oil company after their PR fiasco some time ago. To this very day they have to spend fortunes for campaigns trying to correct their image. Smaller companies without such means might not have survived this.

Rush, Goforex.net, 09/10/2009 ,

- some spreads are huge compared to other brokers
- slow execution, often with slippage in their favor
- small leverage on cfd's stocks and commodities

Mason, FPA, 08/25/2009 ,

These guys are terrible and I have yet to have a worse experience.

I am the president of the Northern NSW traders. We are small with just 17 traders. 16 of us opened an account with Alpari UK and only one remains because he cannot withdraw his money.

The constant requotes, chasing stops and massive slippage belies belief. As does the handling and security of personal documentation.

Stay well away and don't get caught like we did just because you think it is a UK regulated company.

Do yourself a big favor and stay away!

Ages, FPA, 08/11/2009 ,

I was surprised to read unfavourable reviews about this God-sent broker. Indeed it appears some frustrated people(doubt if they're traders) wake up & post disgusting reviews on this forum. My experience with this broker is so far so good for the past one year. Unlike many brokers, the uniqueness of this broker is their fixed spread even on important news releases with excellent customer service. And they never place the platform into frozen state as wrongly accused, which I have experienced with few other high profile brokers. As for slippage, I had a little discomfort at first but I informed them about it and they fixed the problem right away. One of the features I like most is their "One Click" order filling enabled by their account-type split, which I think is cool to make the server faster and no reqoutes at all, except the minimals in abnormal market.
Needless to say, this broker is under-rated and will give them at least a 5 star(since that's the highest rate) to commend them for the great job they had done, is doing & shall yet do.

I wish to recommend Alpari UK to all traders hoping to do more with forex.

JT, Goforex.net, 08/11/2009 ,

Honestly, their servers has huge delays (10+seconds) when excuting an order, and they are not honest about the behavior either, I would suggest to avoid if you are thinking of scalping.

Samuel, FPA, 08/11/2009 ,

They are thieves. I invested 905 US Dollars with them but will forever regret ignoring negative reviews I had read on this forum regarding this forex scammers. The first day of my trading on their MT4, I made 234 USD and eraly morning of the next day, I had a profit of 328 Dollars. Immediately after this, their MT4 began to freeze, requotes, slow entry of orders strated to happen until I finally lost all my investment within 2 days.

Traders should stay away from this company.

Isaac, FPA, 08/11/2009 ,

At first you will think Alpari is a good broker but they are not! I turned $1000 to $8100 in just two months but Alpari wiped out the whole lot in just 15 minutes! They did not allow me to close my trade when I wanted to and when the trade started going against me and I decied to close, they refused untill all my capital and profit were gone. The only balance I have with them now is just $28! Alpari is SCAM no more than that.

Paul Ray, Earnforex.com, 08/11/2009 ,

I have been dealing with Alpari UK for about two months and they seem to be an excellent broker. Spreads are good, execution is fast and support is on the ball - I asked to change from "Micro" to "Classic" account and it was done within a day. Account setup was very straight-forward - sent them the standard bundle of identification documents, wired funds and was trading inside 5 days. No complaints (yet).

Leonid, Goforex.net, 08/11/2009 ,

Alpari.co.uk
Everything is ok, except news time - really bad execution.

AussieGuy, FPA, 08/11/2009 ,

I joined Alpari and initially good for Asian trading, the evening (London) session is TERRIBLE. constant requoting its a joke now, the service seems to be going bearish.. like a rapidly declining chart reaching new lows. Staff have been good to deal with, then again, the staff arent making dollars in your back pocket and if cant get good fills whats the point.

RealFX, Goforex.net, 08/11/2009 ,

Must say their requotes are *atrocious* and highly hostile to a scalper, so far I am not impressed. I would say I get reqoutes 80%+ of the time and usually 2 and many times 4 requotes in a row until my trade is no longer profitable. This type of activity even occurs during very calm low volatility 'tubing' sessions during Sydney and Tokyo markets.

Paul, Earnforex.com, 08/11/2009 ,

I have read so far and had so far about alpari's advantages and disadvantages;especially on requoating that syphon customers'money and run them down to lost.Ok such a big company like alpari should find an urgent and immediate solution to such a stigma.
To others, i had that stop loss is the best so try it on alpari's platform.

Tom Laud, Earnforex, 08/11/2009 ,

They state spreads can vary I never see it move always 2 pips euro solid. FSA regulated.

Adrian, FPA, 08/11/2009 ,

In the last 6 months using Alpari live I have encountered many misquotes and average execution. On many occasions they have misquoted my closing price even though the price hadn't moved on the tick chart. They would continue misquoting until your profits and been decreased. They have also on many times locked me out of my account if I have had a few trades about 100 pips up and haven't let me back in until they were about 20 pips. They tell you there is no connection but thats a scam as I have other accounts opened.
They at one time had taken profits away from me the next day saying that the closing price was incorrect and said that particular trade incurred a loss. Theres was nothing I could do as a $250 profit turned to $200 loss.

Stevenson, FPA, 08/11/2009 ,

Continued requotes. Sometimes it can take 15 seconds to get an order on or off. Just the other day I had a trade turn on me and could not get out before my stop was hit. I complained about this and they returned with a reply . It must have been your IT server. That is a load of c**p. Because I have 2 totally different connections. If one fails the other takeover. Lately I have found the platform to start freezing, especially around Major news times.

Customer support is very bad also. I have been trying to withdraw funds for over one month now. to no avail.

LV, Goforex.net, 08/11/2009 ,

Alpari is just like all the rest of the Market Makers out there. Set-up and account with them (Open a Demo, as I am going to tell you WHY NOT to put your hard earned $ here.) Everything is great.. until you start taking the house!
Just like Velocity (Hamilton Williams) it was an eerily similar situation. Want to manually close out your position to bank $? Forget it. "Common Error" or "No Connection" Errors.

James, Earnforex.com, 08/11/2009 ,

I have been using a scalping system with them for a week and usually do around 30 trades a day. I must say their requotes are *atrocious* and highly hostile to a scalper, so far I am not impressed. I would say I get reqoutes 80%+ of the time and usually 2 and many times 4 requotes in a row until my trade is no longer profitable. this type of activity even occurs during very calm low volatility 'tubing' sessions during Sydney and Tokyo markets.