de | cn | ru

Brokers News

Alpari Offers Commission-Free ECN Accounts

Russia-based FX broker Alpari has sped up its efforts to lure more customers with various promotions over the past months: in the beginning of February, the company launched the “Goodbye to Swaps” offer, which allowed traders to free themselves from paying fees for keeping their trades open overnight. And yes, this promotion (which is still active, by the way) has been of somewhat dubious lucrativeness for traders, but then Alpari announced improved trading terms for its Metatrader 4 (MT4) accounts, including tighter spreads, faster execution speeds, and cuts in margin requirements.

 
The brokerage is now continuing with its efforts to boost the quality and variety of its services, and on Monday it announced the introduction of three new trading account types to its Electronic Communication Network (ECN) offering. 
We all know why traders love ECN accounts – they allow direct interaction with other participants in the Forex market, with no middlemen (and the associated complications and extra expenses) involved; and, of course, there are the lower spreads.
 
But then, ECN accounts also have some disadvantages, including that they often require larger investment than standard accounts – but Alpari has tackled this problem, as the broker has removed the minimum deposit requirement for opening an ECN.MT4 account, while the requirement for an PAMM.ECN.MT4 account pretty low at $1. The deposit required for the ECN.Zulutrade accounts is $200. That's it. Not so bad, ha?
 
Another negative side of ECN accounts are the commissions that a trader has to pay along with spreads. And Alpari is now seeking to tackle this issue with the introduction of the new ECN account types that are commission-free! I just yelled with excitement but the deal is not so straightforward, as it may seem: the lack of commissions comes at the expense of larger spreads – that is, the commissions will be calculated within the spreads. You will be free from commissions starting at $5, but then the spreads would be wider.
 
If you opt for a new ECN account at Alpari, you can choose among three types: the ecn-new.MT4 account, which is for individual traders; the pamm.ecn-new.mt4, which allows you to take part in  a percentage allocation management module (PAMM) with other individual traders; and the ecn-new.zulutrade, which is for fans of social trading, as it is suitable for those who'd like to follow signal providers on the famous ZuluTrade network.
 
In exchange for getting rid of the commission fees, you'll be facing spreads starting from 0.3 pips if you choose the new individual or PAMM ECN accounts: this compares with spreads starting from 0.1 pips for the old ECN accounts. You may look at this as a rise by 0.2 pips or as a triple rise! The new ECN accounts with Zulutrade involve minimum spreads of 2.3 pips, compared with 2.1 pips for the old ECN accounts. One more time, we see that there's no free lunch in the Forex world, fellow traders. 
 
Regardless of the dubious nature of the current promotion, Alpari seems to be doing more than nicely when it comes to attracting clients and running its business. At least that's what its performance shows over the past months – in March, the brokerage posted record trading volumes. We'll be curious to see whether the new ECN line-up will add to the corporative success and we'll keep you up to date with the developments!
 
 

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: alpari  russia  forex brokers  forex trading  commissions  ecn  spreads  zulutrade  mt4  pamm  swaps  promotion 

More news about Alpari

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Australia ASIC MT4, MT5,
IRESSTrader
$100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
UK FCA MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website
UK, Cyprus, Dubai FCA, CySEC, DFSA MT4, MT5, Web,
PrimeTrader
$100 Review Website

More Forex Brokers News

FXTM Launches 30% Welcome Bonus

Aug 06 2019 13:38:53

  As part of FXTM’s mission to provide clients with an exceptional trading experience, the international broker has launched its latest offering – the 30% Welcome Bonus!   This promotion, available under Exinity Limited, boosts your account by an extra 30% when you deposit $100... Read more

XM parent actively prepares for the launch of its US brand Trading.com

Jul 03 2019 14:19:28

  Trading Point Group, the owner and operator of the XM brand, actively prepares for the future launch of its US brand Trading.com. Read more

FBS Invites 20 Best Partners To a VIP Party

Jul 02 2019 15:04:24

Partner parties is a great way to get to know company’s local promoters and celebrate loyalty, motivation, and cooperation. In 2019, FBS broker launches the FBS Stars contest with a round trip flight to Russia’s second largest city and a VIP party invitation as a prize. Read more

Vantage Prime will no longer service non-Australian clients

May 20 2019 13:36:39

  Vantage Prime, which is a part of the Vantage FX group, announced it will no longer service non-Australian clients, online media Finance Magnates reported today. The broker’s decision is taken due to regulatory concerns. Read more

Dukascopy warns it has no cooperation with shady broker GCG Asia

May 16 2019 13:29:47

  Swiss forex brokerage and bank Dukascopy has repeatedly warned investors that it is has no cooperation Guardian Capital Asia (GCG Asia) and that the latter is likely involved in a fraudulent scheme. Read more

$75 mln forex Ponzi scam revealed in the US

May 03 2019 16:46:08

The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Read more

Australians lost $86 mln to investment scams in 2018

May 02 2019 17:04:18

Australians lost over 86 million USD to investment scams in 2018 alone – the biggest portion of the almost 490 million USD  in losses from over 378 000 scam reports, the latest report of the Australian Competition and Consumer Commission’s (ACCC) reveals. Read more

FXTM now offers a deposit bonus of up to $5 000

Apr 25 2019 11:10:24

  Global award-winning brokerage FXTM has launched their biggest deposit bonus promotion ever. The broker is now offering an extra 30% back from every amount their traders deposit over a period of 30 days, up to a total of $5,000. Read more

FXTM appoints Han Tan as a Market Analyst for Southeast Asia region

Apr 19 2019 13:28:36

  Global award-winning forex broker FXTM has just announced the appointment of Tan Chung Han (Han Tan) as a Market Analyst. Read more

FXTM gets a license from Mauritius’ FSC

Mar 28 2019 09:59:36

  Award-winning forex brokerage  FXTM (ForexTime) continues its ongoing global expansion. The broker announced it has acquired a license from the Financial Services Commission (FSC) of the Republic of Mauritius previous week. Read more

de | cn | ru