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Alpari Review: Is Alpari.com Forex Broker Transparent Or Scam?

Alpari Review: Is Alpari.com Forex Broker Transparent Or Scam?

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Alpari prides itself as a leading Forex broker in the international currency market. The broker is a part of the Alpari Family who have gained global recognition for providing innovative trading technology in over 150 countries.

This family of companies have earned the trust of about 400k clients globally.

As of May 2011, the company was recording a monthly trading volume of 200 billion USD.

The newest kid on the block is the Alpari FS. They set foot in the online Forex scenes back in 2010.

Overview of Alpari Forex broker

This Forex broker is based in Limassol, Cyprus, which is the most preferred operation base for most online Forex brokers on the web.

Like all reputable FX brokers, Alpari sought the necessary authorization to run a brokerage business on the internet through the CySEC regulatory body.

This broker has since complied with the requirements of Cyprus Law 144(I)/2007, and are also members of the Investor Compensation Fund in Cyprus.

The aim of this broker is to provide fair and transparent trading across different financial instruments on the internet.

You can trade currencies, spot metals and even commodity futures with this broker.

The broker facilitates your trading by offering state-of-the art platform for trading together with all tools needed to do the job.

In addition to this, they provide access to deep inter-bank liquidity for those who want to trade on an ECN environment.

Like most Forex brokers, Alpari streams live news in the Forex market, and thus traders are able to make decisions based on the relevant news.

Their mission is to provide all clients with a reliable and trustworthy trading environment that is also supported by modern technology and responsive customer support.

We have also observed that Alpari is dedicated towards expanding their line of products and services.

This is aimed at fostering a long-term relationship with its clients while also making sure that they are conducting business in a professional manner.

This is something that Alpari has managed to do very well. Here’s an overview of what this broker offers:

Account types offered by this broker

There are 3 different types of accounts offered by this broker. However, standard account does not have any minimum initial deposit.

However, if you want to trade in an ECN environment, the broker demands that you should fund your account with a minimum of USD 200 or EUR 200.

Alternatively, you can sign up to their flagship product dubbed Prod Direct.

This account requires a minimum deposit of USD 20,000 or EUR 20,000, which may not be affordable enough for traders who are just starting out.

Spreads

This broker offers spreads that are very competitive. When trading in normal market condition,  clients should expect spreads that are lower than 1 pip even for the most active pairs like the EURUSD.

While spreads vary based on the pair you’re trading and the market conditions, this broker is generally keen in ensuring that spreads are favorable for all clients.

Technical trading capabilities

In terms of technical trading capabilities, this broker is at par with other competitors who are on the same level.

Alpari provides a vast array of options to suit every client’s pocket size and needs too.

This is meant to expand its user base so that the broker can shine brighter in the worldwide map of Forex traders who are looking to work with the most reputable brokers.

Perhaps the most important feature of this broker is their emphasis on education and training materials.

Alpari subscribes to the spirit of the Forex market in general where experts pass their knowledge and skills to the less experienced so that everyone can learn and become a profitable trader.

Both novice and newcomers get a share of resources needed to get started successfully.

The material is rich in content, and the learning curve is extremely smooth and beneficial to those who are determined to learn.

Besides, the learning material is easy to understand and is presented in a professional manner that is second to none.

For those who love news trading, Alpari is a good contender because the platform offers a rich combination of both fundamental and technical analysis news trading.

Software used to access the markets

Alpari runs the popular MT4 platform. It’s full of excellent product features, plus it’s easy to understand once you get the hang of things.

alpari

In addition to this, the broker offers MT5 platform that has been praised for being sturdier and trustworthy.

The MT5 platform is rich in flexibility, technical analysis tools and even charting features.

If you want faster speeds and better pricing, Alpari offers  a product known as Alpari Direct.

This service guarantees fully automated trade execution because there is no dealing desk involved in this.

To make things easier for you, the broker runs a trading platform that guarantees a 1-click trading experience, plus they run a live DowJones news feeds 24 hours a day.

As mentioned before, this broker offers a premium service called Alpari Direct Pro.

This service is designed to cater for the needs of institutional traders, fund managers or high-net worth traders who require access to large trading volumes with exceptional processing speeds.

The advantage of using Alpari is that you will always have access to a wide variety of tools needed to access the wider Forex market at the best bid or ask prices.

In addition to this, traders also have access to the best spreads in the market. Flexibility and accuracy is what Alpari intends to give its customers at all times.

However, Alpari FS also promises to make future improvements to this product package.

This is intended to improve depth of market while also making sure that pricing transparency is enhanced.

The firm employs a technical team who work round the clock to innovate and develop new features which will improve the power of the trading software.

This is also aimed at enhancing the analytical capabilities of this broker. This will ensure that Alpari is on top of the game as a seasoned broker and a go-to place when you want to trade Forex, commodity or indices.

Deposits & withdrawals

There are 12 different modes of depositing and withdrawing funds from this broker.

However, if you’re using ordinary methods to withdraw funds, you should expect transactions to be completed in 24 hours, although delays do happen sometimes.

Delays may happen accordingly due to the method you selected. Also, fees vary accordingly.

All funds must be withdrawn to the bank account on record. This is to ensure that global money laundering regulations are not breached.

How about Alpari’s customer support?

They’ve got an extensive support on their website which also includes education materials for those who need to learn a thing or two.

In addition to this, the broker has implemented a chat feature where clients can speak to their representatives on any issue.

And since they develop their own software, this broker is able to respond much faster to bugs or glitches. This is an advantage compared to the kind of service you get with a typical broker running MT4 software.

Our Best advice for you

Alpari is generally a good broker. Although there are a few complaints here and there, you should not be discouraged because brokers can’t be perfect.

Secondly, these problems have always been fixed in good time accordingly. Sign up using this link to start trading.

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