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Alpari Cuts ECN Forex Commissions

Jul 01 2013
By
Forexbrokerz.com

Back in May this year, the international broker Alpari announced that it would be enhancing its trading conditions, and it did so indeed – the broker cut its spreads on ECN accounts, reduced its rollover rates, and improved the interest it's paying on unused funds in clients' accounts. 

 
This changes coincided with a peak for Alpari's operations – in fact, in May the broker reported trading volumes that had never been achieved in its history. Perhaps in order to keep this momentum, Alpari is now continuing on its quest to offer better and better conditions to its clients. 
 
The latest news also concern ECN customers of Alpari: as of now, they will be trading with even lower commissions. 
 
As usual, these fees will vary depending on trading volumes and account equity – the more money on your account and the higher the volumes you trade, the less commission you'll be trading. The lowest new commissions will be $0.8 per round-turn lot for the traders who hold between $1 million and $5 million in their accounts, and trade more than $250 million. 
 
On the other end of the range, for people who keep up to $3,000 in their account balances, and hit trading volumes of less than $100 million, the commission will be $4 per round turn. See all the commissions in the table below: 
 
Click on the table to enlarge
 
These new commission rates will be available for three of the account types, offered by the broker -  ecn.mt4, ecn.zulutrade and pamm.ecn.mt4 – so pretty much all the ECN accounts supported. 
 
Compared to the commissions of other brokers that offer MT4 ECN trading, these are pretty good -  the commission charged by FXDD, for example, is $6 per lot, round turn, and the one of 4xp - $7; this level is pretty much an industry standard, although some brokerages charge less – for example RoboForex and its commission of $2.45 per lot, per side ($4.9 round turn). 
 
No doubt, Alpari's new commissions are lucrative but don't let that be your main point of consideration when choosing a broker. If you are looking for true ECN trading, you'd better go with one that offers cTrader, which I found to be the superior ECN platform. 
 
 

About Alpari

 
Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars.
 
Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.
TAGS: forex trading  forex broker  forex  forex commission  ECN trading  MT4  MT4 ECN  Alpari  trading conditions 

More news about Alpari

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