The UK subsidiary of global Forex broker
Alpari has been somewhat reluctant to release new services over the past couple of months: we even got worried when the binary options platform suddenly
disappeared from the offering lineup in February. But today our concerns came to an end as we spotted that the broker has launched a new type of trading account for its clients – a Market Account.
The account is the first piece of evidence of the benefits from the implementation of the new, proprietary
ECN technology about which the broker told us in October 2013. And, yes, the account offers ECN execution of your orders but that does not exhaust its features.
As the name of the account suggests, it offers market execution and I sense the question that you're going to ask: Why not instant execution? Well, fellow traders, “instant” sounds better because it implies faster processing of transactions but in reality market execution is usually faster. That's because “instant” means “precise” and traders that make use of this type of execution prefer that their order is executed at the precise price stipulated at the moment of placement. And this takes time. When it comes to market execution, the order may not be executed at the precise requested price but at the market price. This is where the speed comes from.
OK, now that we've cleared that issue, let's talk of the trading conditions:
- trading on Metatrader 4;
- trading with Forex, precious metals and CFDs;
- spreads starting from 0.9 pips (for EUR/USD);
- minimum deposit of $200;
- minimum trade contract size of 0.01 lots (micro lots);
- maximum leverage of
1:500.
You can see that the Market Accounts is suitable for a wide variety of traders, ranging from newbies that will benefit from the micro lots, to pros that will be attracted by the variety of trading instruments. As you can trade on the MT4, expert advisors are more than welcome. Of course, you can opt for the other accounts of the broker, like Micro ones created especially for newcomers to Forex.
You can find out more about the new offer
here.
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.