Alpari Forex Broker Review
Alpari has been around since 1996 and is quite possibly one of the better known names in the world of Forex trading. And has also made quite a name for itself in the sporting world because of the many sponsorship deals. Some of these are still current deals, and some have long passed. For example, the sponsorship of the UK’s football club West Ham, is no longer in place, although it still has pride of place at the top of the broker’s sponsorship page. Which does leave us wondering, are Alpari as good as they make out or is there something underlying the facade of success they readily portray? That being said, our aim when writing our reviews is to be as fair as possible. So let’s look at what this broker has to offer you, the retail trader.
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Alpari offers traders the opportunity to trade a range of assets
Alpari are looking to interest a wide range of traders, and for this reason there are a number of different assets available for trading. These include 45 currency pairs, spot metals, CFDs, and binary options. Fixed spreads start from 2.0 pips, and floating spreads from 0.1 pips. Leverage of up to 1000:1 is available.
MetaTrader 4 and 5, as well as Alpari binary trader
Wherever you decide to place your orders, and however you prefer to view all the relevant charts, indicators, and read the signals, Alpari have made the most popular trading platform available, as well as its latest sister, MT5. There is also a special binary trader platform for those that prefer to trade binary options.
MetaTrader leads the world in today’s trading market, and is still the preferred platform of many traders. It is simple to use, even for a beginner, reliable and full of useful tools. And if you’re struggling to find your way around there is a helpful users manual.
5 different account types for independant traders
With 5 different account types to choose from, most independant traders will find something that suits. Ler’s give you some of the basic details, so you are in a better position to make your own choice.
Nano MT4 account – This account has no minimum deposit requirement, and offers leverage of up to 500:1. Spreads are fixed from 2.0 pops, and assets for trading include 46 currency pairs, and 2 spot metals. Minimum order size is 0.01, while the maximum is 100. There is no demo version for this particular account.
Standard MT4 account – Minimum deposit is $100, and leverage of 1000:1 is available. Spreads are floating an start at 0.3 pips. There is a demo version for this account.
ECN MT4 account – Minimum deposit is $300, and up to 1000:1 leverage is available. Available for trading are 46 currency pairs, 2 spot metals, and 2 commodity CFDs. There is a demo version of this account, if you want to try without risking any real money,
Pro ECN MT4 account – Minimum deposit requirement is $500, and up to 100:1 leverage is available. There are 46 currency pairs and 2 spot metals available for trading. ECN commission of $16 is payable, and there is a demo account available.
ECN MT5 account – A relatively new addition to the account options includes one that has MT5 as its trading platform. There is no minimum deposit requirement and leverage is up to 100:1. A $16 commission charge is payable, and there is a demo account.
Alpari have some interesting bonuses
Alpari use a number of different bonuses to both keep clients loyal, and to bring more new investors into their fold.
- Cashback program – All company clients who register for ‘myAlpari’ are entitled to points for trading and investing. These points can be used to get money back on swaps and commissions, but also plenty of other benefits
- Premium client status – A number of additional benefits are open for clients who have achieved premium status, including commission free deposits and withdrawals
- 100% in 30 seconds – Available when you open an account and start trading binary options
- 100% binary options welcome bonus – When you make your first deposit to a binary options trading account
There are also a number of regular contests with a great array of prizes.
Learn all about trading and more at the Alpari Investment Academy
Alpari run a great selection of professional courses for traders of all levels, and they are run by experienced and practicing traders. They take place in class, or online and are open to all Alpari clients. Subjects covered start with the very basics, and move right up to more complex trading issues such as technical analysis, indicators, and how the latest news events such as Brexit will affect foreign currency trading.
So in conclusion, we have to say that while Alpari may have had some noteworthy happenings in their history, they have still found themselves at the top of the pile when it comes to trading. If their figures are accurate, more than 1 million clients is definitely proof that there is something in what they have to offer.