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Alpari International Review - Is it scam or safe?

Alpari International review - Is it scam or safe?

RATING: 3 / 0 REVIEWS Alpari International
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Trading accounts

 

Account type Min. deposit Min. trade size Max. leverage Avarega spreads Execution type
standard.mt4 $1 0.01 1:1000 1.2 Pips on EUR/USD Instant
ecn.mt4 $1  0.01 1:1000 1.0 Pips on EUR/USD Market


Alpari International provides its clients a choice of two basic account types – Standard & ECN one. The Standard account type offers instant execution, while the ECN one direct access to liquidity providers with market execution, without requotes.


Both account types are commission-free and offer micro lots for trade. What is more, there is no minimum initial requirement.


In addition, swap-free (Islamic) services are available upon request in order to suit clients who are not willing to earn or pay interest for religious reasons.


Unlike most forex brokers, Alpari International does not offer PAMM accounts.


The Company


Alpari International is part of the Alpari Group, which is one of the largest participants in the global Forex industry. Alpari has a presence in more than 20 countries worldwide.


Founded back in 1998, Alpari is the leading forex broker in Russia, even though it still does not have a license from the regulator Bank of Russia, as required by law that came into effect on January 1. While its license application is pending, it operates through its offshore subsidiaries.


Alpari International is the trading brand of Alpari International Limited (operating the alpari.org website), registered in the Republic of Mauritius, and licensed by the Financial Services Commission. It offers trading in a wide range of currency pairs, various CFDs, precius metals, as well as binary options.


The Alpari group has another offshore unit, Alpari Limited, doing business as Alpari, which is registered in Saint Vincent and the Grenadines, and also licensed by the International Financial Services Commission, Belize. It operates the alpari.com website.


Security of Funds


Although Mauritius is an offshore zone, FSC-regulated brokers must satisfy a number of prerequisites such as capital adequacy to demonstrate financial standing. Minimum capital requirement is MUR 1 000 000 (around EUR 25 000), which may not be compared to the one set by FCA for instance (730 000 EUR), however in most offshore zones there isn’t any prerequisite for forex brokers’ net tangible assets.


What is more, regulated companies are obliged to keep client funds in segregated accounts, separated from the company’s operating funds.


Although generally we wouldn’t advise traders to invest a lot of money in offshore brokerages, that is not the case with Alpari International, as it is one of the most respected names in Forex. The Alpari group has more than 200,000 clients worldwide and nearly 20 years of company history. So, clients of Alpari International need not worry about the security of their funds.


Trading Conditions


Minimum Initial Deposit
Both account types offered by Alpari International have no minimum initial requirement, even the ECN one. Yet, one has to invest at least $1, in order to start trading. In comparison, ForexBrokerInc, registered in Belize, demands $100 from its clients as a start.


Average Spreads & Commissions
Alpari International offers variable spreads, quoting as typical 1.2 EUR/USD on the Standard account type, which is average. Spreads offered on the ECN account are a little tighter, amounting to 1.0 pips on EUR/USD, which is comparatively low. Usually ECN spreads are below one pips for the EUR/USD pair, however these account types normally involve a commission. Alpari International does not apply any commission, instead, it gets compensation for its services through the spread. What is more, unlike most brokers, this one doed not require any minimum initial deposit for its ECN account.


In comparison, FX Choice provides its ECN account holders with variable spreads averaged 0.5 pips on EUR/USD and apply a commission of $3.86 per lot (per side), which in fact means that trading costs for this pair amount to around 1.3 pips. For further information, you may check out and compare real-time spreads of 15 leading brokers can be checked out here


Maximum Leverage

The maximum leverage rates at Alpari are high, reaching 1:1000. In comparison, SVG-based OctaFX and ForexBrokerInc both offer leverage up to 1:500. More forex brokers offering leverage equal to or exceeding 1:500 can be viewed here.


Traders, however, should bear in mind that higher leverage involves higher risk, not only the probability of multiplied profits earned on a relatively small deposit.


Trading Platform


Alpari International offers its services on MetaTrader 4, one of the leading software platforms for clients trading CFDs, Forex and Precious Metals. Besides it has a platform, specialized in Binary options trading, called BinaryTrader.


The MT4 is available as desktop version, mobile apps a web-based version. This professional, fully-customizable software provides traders with everything they need: fast order execution, one-click trading, various technical indicators, linear instruments, advanced charting package and the opportunity to develop and to use Expert Advisors (EAs). Alpari International provides its clients with the Signals service from MQL5.community, a community of traders who develop Signals, Expert Advisors, indicators and other services in the MetaQuotes Language 5 (MQL5). It is straightforward to subscribe to a Signal directly from the MetaTrader 4 platform.


More brokers using the MT4 can be viewed here


Methods of Payment


Clients of Alpari International have the following payment options: credit/debit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, WebMoney, MoneyNet and FasaPay.


Conclusion


Despite its light-touch regulation, Alpari International is a reputable forex broker, part of a global group, serving hundreds of thousands traders worldwide. This broker offers transparent pricing, commission-free trading and high leverage levels. To sum up the above:

 

Pros Cons
Part of a Global group  Light-touch regulation
MT4 available No choice of trading platforms
High leverage levels offered   
No minimum initial deposit, no commission   

 

Latest news about Alpari International
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Traders` reviews for Alpari International

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