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Alpari UK: Commission free trading on MT5 ECN accounts by the end of 2012

Oct 02 2012
By
Forexbrokerz.com

Earlier today Alpari UK surprised its customers with some pleasant news: traders who hold Metatrader 5 (MT5) ECN accounts with the broker will keep trading with no commission until January 1, 2013 – commissions will only start applying as of January 2, 2013.

 
MT5 is not the only option for Alpari’s ECN customers – the Alpari Direct and Alpari Direct Pro platforms powered by Currenex also offer no dealing desk (NDD) execution, however these platforms are more suitable to people intending to trade significantly higher volumes.
 
Alpari’s MT5 account, on the other hands, is designed to traders of all portfolio sizes and skill level. Accounts can be created in five different currencies – USD, EUR, GBP, JPY and CHF, and the requirement for minimum initial deposit is merely $200, allowing anyone to start trading, regardless of portfolio size and skill level. The maximum leverage allowed for forex trading is 1:500 (I do recommend using a lower leverage for better risk management, though). The spreads are variable and start at 0 pips, and you can trade 34 currency pairs, spot gold and silver (keep in mind that the maximum leverage for precious metals is 1:50).
 
Alpari UK was the first big broker to launch the Metatrader 5 platform live live in April this year. 
Metatrader 5 is the successor of the forex industry’s most popular platform – Metatrader 4 (MT4). Along with all the goodness of MT4 (outstanding built-in charting package, a set of 30 technical indicators, Expert Advisors, strategy back-testing capabilities, etc.), MT5 comes with 80 technical indicators, 21 chart time frames, one-click trading, faster execution, etc. It is also equipped with an integrated MQL programming environment, where traders can create their own custom indicators, and with a strategy generator (MQL Wizard).
 
Once the grace period of trading with no commission is over, traders will be charged $60 for every $1 million traded if their overall trading volume is under $500 million, $50 per traded million for trade volumes between $500 million and $1 billion, and $40 per million traded for volumes ranging between $1 billion and $3 billion.
 
About Alpari UK 
 
Alpari (UK) Limited  is a one of the leading international brokers offering forex, precious metals and CFD trading, as well as spread betting. Founded in 1998, today the broker is based in London, UK, and maintains subsidiaries in Germany, Japan and India as well as a Representative Office in China.
 
Alpari’s customers can take advantage of excellent trading conditions: the spreads of the broker are relatively tight, the execution is very fast, and a team of well-prepared customer support representatives is available to address any question you may have.
TAGS: alpari uk  mt5  metatrader  metatrader 5  commissions  ecn 

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