Alpari review
About the broker
1998 in Russia, which is diligently preparing for the upcoming 1998 Winter Olympics in Nagano, Japan, a new broker named Alpari is established. The founder is Daniel Skowronski, the first CEO of the company. Six years later, the company is renamed Alpari Group, leveraging the global Alpari association. The founders are listed as Andrey Vedikhin and Andrey Dashin. The headquarters of Alpari is located in the Comoros. The broker is regulated by FSC Mauritius, making it an offshore broker, and it is not regulated by any Tier 1 regulator.
Demo Account and Trading Conditions
Alpari has no minimum deposit requirement, which is advantageous for beginner traders. The broker also provides negative balance protection, ensuring that traders cannot lose more money than they have in their accounts.
In addition to providing online trading services, Alpari offers trading news and charts with current financial market information. It caters to retail, professional, and institutional clients. Alpari conducts its financial services through various electronic trading platforms, including MetaTrader 4 and MetaTrader 5, allowing traders to utilize Expert Advisor (EA) strategies.
Alpari offers a free demo account where real market conditions are simulated. You receive $50,000 for trading to test your skills and the broker's quality. Trading is available 24 hours a day, 5 days a week. You can try the MetaTrader 4 and 5 platforms in desktop, web, and mobile versions. All possible strategies, including scalping, are available.
Trading Platforms and Fees
Alpari offers popular trading platforms MetaTrader 4 and MetaTrader 5. The average trading costs for the EUR/USD pair are 1.1 pips (11.00 USD), for GBP/USD 1.2 pips (12.00 USD), for WTI Crude Oil 0.06 USD, for gold 0.27 USD, and for Bitcoin 56.50 USD.
Minimum raw spreads start from 0.0 pips, while standard spreads start from 0.8 pips. The minimum commission for forex trading is 1.60 USD per 1.0 standard round lot. Alpari also offers a wide range of funding methods with 12 available options. The broker provides Islamic accounts and trading signals, expanding the possibilities for different types of traders.
Alpari User Ratings and Reviews
On Trustpilot, Alpari has an average rating of 1.8 stars out of 5. Reviews often highlight issues with customer support, withdrawal difficulties, and high spreads on certain instruments. Some users report experiencing requotes and unfavorable conditions after successful trades. Google reviews also show mixed opinions. Some users appreciate the wide range of trading platforms and low trading costs, while others criticize customer support and withdrawal issues.
Is Alpari a Scam or a Safe Broker?
Alpari has varied ratings and is considered an average broker that cannot be definitively classified. It cannot be conclusively said to be a scam, but it also cannot be considered a safe broker. We recommend considering other options for now.
Risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51 - 89% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
| Basic information | |
|---|---|
| Number of CFD asset classes | 5 |
| Customer support |
|
| Deposit from | 1 EUR/USD |
| Spreads | 0.1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, Cryptocurrency traded as CFD, Indicies |
| Established | 1998 |
| Location | Alpari Limited, Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines |
About the broker
1998 in Russia, which is diligently preparing for the upcoming 1998 Winter Olympics in Nagano, Japan, a new broker named Alpari is established. The founder is Daniel Skowronski, the first CEO of the company. Six years later, the company is renamed Alpari Group, leveraging the global Alpari association. The founders are listed as Andrey Vedikhin and Andrey Dashin. The headquarters of Alpari is located in the Comoros. The broker is regulated by FSC Mauritius, making it an offshore broker, and it is not regulated by any Tier 1 regulator.
Demo Account and Trading Conditions
Alpari has no minimum deposit requirement, which is advantageous for beginner traders. The broker also provides negative balance protection, ensuring that traders cannot lose more money than they have in their accounts.
In addition to providing online trading services, Alpari offers trading news and charts with current financial market information. It caters to retail, professional, and institutional clients. Alpari conducts its financial services through various electronic trading platforms, including MetaTrader 4 and MetaTrader 5, allowing traders to utilize Expert Advisor (EA) strategies.
Alpari offers a free demo account where real market conditions are simulated. You receive $50,000 for trading to test your skills and the broker's quality. Trading is available 24 hours a day, 5 days a week. You can try the MetaTrader 4 and 5 platforms in desktop, web, and mobile versions. All possible strategies, including scalping, are available.
Trading Platforms and Fees
Alpari offers popular trading platforms MetaTrader 4 and MetaTrader 5. The average trading costs for the EUR/USD pair are 1.1 pips (11.00 USD), for GBP/USD 1.2 pips (12.00 USD), for WTI Crude Oil 0.06 USD, for gold 0.27 USD, and for Bitcoin 56.50 USD.
Minimum raw spreads start from 0.0 pips, while standard spreads start from 0.8 pips. The minimum commission for forex trading is 1.60 USD per 1.0 standard round lot. Alpari also offers a wide range of funding methods with 12 available options. The broker provides Islamic accounts and trading signals, expanding the possibilities for different types of traders.
Alpari User Ratings and Reviews
On Trustpilot, Alpari has an average rating of 1.8 stars out of 5. Reviews often highlight issues with customer support, withdrawal difficulties, and high spreads on certain instruments. Some users report experiencing requotes and unfavorable conditions after successful trades. Google reviews also show mixed opinions. Some users appreciate the wide range of trading platforms and low trading costs, while others criticize customer support and withdrawal issues.
Is Alpari a Scam or a Safe Broker?
Alpari has varied ratings and is considered an average broker that cannot be definitively classified. It cannot be conclusively said to be a scam, but it also cannot be considered a safe broker. We recommend considering other options for now.
| Basic information | |
|---|---|
| Number of CFD asset classes | 5 |
| Customer support |
|
| Deposit from | 1 EUR/USD |
| Spreads | 0.1 EUR/USD * Spread is dated 02.01.2024 12:00, spread amount is subject to change. |
| Real Stocks and ETFs | |
| Platforms |
|
| Instruments CFD | Commodities, Share CFDs, Forex, Cryptocurrency traded as CFD, Indicies |
| Established | 1998 |
| Location | Alpari Limited, Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines |
Pros
Brand that was once highly recognized and respected but is not as popular nowadays.
Cons
Broker not regulated by any official financial authority and domiciled in an offshore jurisdiction.
Licences and regulation
Regulace brokera Alpari zahrnuje následující povolení a registrace:
- Alpari Limited - FSA (SVG) registrační číslo 20389 IBC 2012
- Alpari Limited - FSC (Mauricius) licenční číslo C113012295