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Alpari Advertises Lowered Spreads and Faster Execution

Feb 12 2013
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Russian-based broker Alpari seems to be on a roll lately, with new offers launched practically every week, each one more embarrassing than the last. After the questionable "Goodbye to Swaps" promotion and the pretty dull Trader Connect social trading network, Alpari is finally releasing news that are actually good: the broker is introducing new trading terms for its Metatrader 4 (MT4) accounts. 

 

So what's new? Lower spreads, faster execution, lower margin requirements and no minimum initial deposit requirements. Yep, all that. 

 

The new terms Alpari is offering are more than attractive to an ordinary observer. Standard.mt4 accounts will have the benefit of lower spreads, starting at 0.3 pips (as opposed to the 0.5 pips they were getting before) and lower margin requirements. You should keep in mind, however, that the broker's spreads are variable, and the typical one on EURUSD for example is significantly higher than 0.3 pips – it's 1.7 pips

 

What's more, Alpari is not the first broker to jump on the lower spreads bandwagon: during the past few months we saw a number of brokers doing that – FXCM and Liquid Markets for example. 

 

Up until now, the minimum initial deposit requirement for an Alpari account was $200 – pretty affordable as it was. This rule is now being removed, and new customers deposit as little as $1 – and even though trading with this kind of money is technically possible (Alpari's max leverage is 1:500 and micro lot trading is available), it won't be sensible – so we would recommend that you start with a higher deposit. 

 

No requirement for the minimum deposit is no news – we have already seen it at DF Markets' and PFD-NZ for example, and other brokers like ThinkForex let traders start with as little as $5. 

 

The news that Alpari's customers are probably looking forward to the most is that of the faster execution. The broker promises an average execution time of 0.2 seconds – and if it manages to keep it that fast, this would probably reduce the slippage we witness with Alpari, thus leading to higher profitability rates of its traders. 

 

 

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.

 

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: alpari  trading terms  lower spreads  minimum deposit  fast execution  lower margin 

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