Forex broker | |
---|---|
Official website | |
Social network | |
Date of foundation | 1998 |
Head Office | Fomboni, Mohéli Island, Union of the Comoros |
Company owner | Alpari (Comoros) Ltd |
Types of support | [email protected]alpari-connect-skypeChatFeedback form on the siteTickets in my personal cabinetWhatsAppMessenger |
Phone Support | |
Languages | English, Spanish, Portuguese, Vietnamese, Indonesian, Arabic |
Terminals | MetaTrader 4 (PC, Web, Mobile), MetaTrader 5 (PC, Web, Mobile) |
Min. first deposit | From 1 USD |
Min. rate | From 1 USD |
Brokerage commission | On all accounts, except Pro.ecn and ecn.mt5 the commission is already included in a spread. On pro.ecn.mt4 and ecn.mt5 16 USD on 1 000 000 USD |
Lot size | Until 100 Depending on the account type |
Maximum open positions | Until 1000 Depending on the account type |
Bonuses | Cashback Refunds of commissions, spreads and other costs |
Leverage | Until 1:3000Depends on the type of account |
Spreads | From 0.1 points |
Free demo account | The duration of active demo accounts is unlimited Open a demo account |
Adjustable | Yes |
Regulators | The Financial Commission Mwali International Services Authority |
Licenses | Licensed № T2023236 (Active) |
Types of accounts | Demo, nano.mt4, standard.mt4, standard.mt5, ecn.mt4, pro.ecn.mt4, ecn.mt5, PAMM accounts |
Margin call / Stop out | 50 / 10% (depending on the account type) |
Transaction volume | 0,01 |
Peculiarities of trade | Trading on different financial markets using innovative tools |
Order execution | Instant Execution (precise execution), Market Execution (at market price) |
Methods of replenishment | Neteller, Webmoney, Wire transfer, Cryptocurrencies, Bank card (Visa/MC), Advcash, Perfect Money |
Withdrawal methods | Webmoney, Wire transfer, Bank card (Visa/MC), Advcash, Perfect Money |
Number of assets | 100+ |
Types of assets | Currency pairsAUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, etc. MetalsXAGUSD, XAUUSD CFDASX200, BRN, BTCUSD, CAC40, ETHUSD, HSI50, etc. CryptocurrencyBitcoin, Ethereum, etc. Indexes Stocks |
Account Currencies | EUR, USD |
Liquidity providers | Barclays, Currenex, J.P. Morgan, HotspotFXI, Sucden Financial Ltd |
Mobile apps | |
Weekend trading | Yes |
Tournaments/competitions | Contests are held regularly |
Trader training | No |
Contract Difference Commission | Yes |
Swaps | Yes |
PAMM trading | A unique investment system that allows you to earn on your expertise, as well as create multiple PAMM accounts to diversify risks |
Analytics | Daily professional market reviews, FXStreet calendar, up-to-date currency rates, cryptocurrency rates, many tools for technical and fundamental market analysis (Autochartist, indicators, etc.). |
Margin trading | On all types of accounts |
Affiliate Program | RegistrationUp to 70% from referral transaction commissions |
Advantages | Cooperation with a broker with an impressive experience and a well-deserved reputation Multiple licenses Professional terminals Quality analytics Many contests and promotions Educational resources for forex trading A unique PAMM system for investments Narrow spreads A large number of trading tools |
Company requisites | Legal name: Alpari (Comoros) Ltd Legal address: Bonovo Road – Fomboni, Island of Mohéli – Comoros Union |
Automated Trading | Allowed to use robots and advisors in trading |
Signals for trading | Subscribe to MetaTrader 4 or MetaTrader 5 Signals Providers, Free Trading Signals from Autochartist |
Additional features | Unique investment PAMM service for earning on the knowledge of experienced traders, as well as profitable investments |
Date of update | October 28, 2024 |
Overall assessment | 8.8/10 |
Is Alpari a Scam? Complete Review and Real Customer Feedback
Contents
Alpari is a renowned forex broker with a strong presence in numerous countries, offering favorable trading conditions for traders. In the twenty-three years since Alpari was founded in 1998, the founding team has brought its brainchild to the top of the forex market. The broker offers users several trading platforms at once: MT4/MT5, access to PAMM accounts, and fixed contracts attracting the attention of both beginners and experienced investors.
Alpari provides flexibility in financial transactions. Beginners and experienced traders can choose a trading account depending on their capabilities and level. Among its offerings is a specialized account, ideal for learning or testing new trading strategies. Whether you’re a beginner seeking to acquire skills or a seasoned trader exploring innovative approaches, this broker merits inclusion in your investment portfolio.
Today, Alpari rightfully holds a prominent position among the foremost global brands in the industry. Despite its past achievements, the organization remains committed to continuous development, with its employees persistently seeking new solutions and striving for further success, much like they did at the inception of the company.
Terms of Trading With Alpari
Alpari is a reliable company with many years of experience in the forex financial market. Leading Forex broker provides comfortable conditions for trading: metals, stocks, indices, cryptocurrency, commodities, and CFDs. Initially, the organization was a small office, and years later became one of the largest brands in the world of online trading, but does not stop there and continues to grow. The main office is registered in Bonovo Road – Fomboni, Moheli Island – Union of Comoros, from where the project is regulated by the relevant legislation.
The company’s contribution to the Forex trading industry has been repeatedly recognized by experts, which is why the platform is the winner of a large number of awards. For example, in 2016, Alpari received an award from FXEmpire as the most innovative broker. In 2013, the organization received the title “Best Broker in Europe 2013” according to the International Finance Magazine. In 2015, Finance Magnates recognized Alpari as the ‘Best Binary Options Broker’.
There are several types of accounts for traders on the site alpari.com except for the demo:
- nano.mt4: This cent account is aimed at novice traders, which allows you to try your hand at trading without risk. There is no minimum deposit on this type of account. Leverage – 1:500. Users have access to 33 currency pairs and 2 metals. Stop out – 10%. Trading is conducted through the MetaTrader 4 platform.
- standart.mt4 / standart.mt5: For more advanced clients. In this case, trading can be through the MT4 or MT5 platform. The minimum deposit amount depends on the terminal: 20 dollars or 100 dollars, respectively. Leverage – 1:1000-1:1. Stop out – 20%, execution is instantaneous.
- ecn.mt4 / ecn.mt5: For advanced users with a larger number of instruments (46 currency pairs, 2 metals, and 18 CFDs). Account holders can use both MT4 and MT5 platforms. The minimum deposit for the first account variant is 300 dollars or 500 dollars respectively. There is also a $16 commission on $1,000,000 in the latter option. Stop out – 60%. Leverage – 1:3000-1:1.
- Pro.ecn.mt4: This account is designed for real trading professionals. It works only on the MetaTrader 4 platform and offers a narrow-spread, market execution of orders, which allows you to immediately take advantage of market movements. The minimum deposit is $500. It also has a $16 commission per $1,000,000.
There is also a PAMM service on the platform, a unique Alpari development that has popularity worldwide. It represents the unification of investors and traders in terms of mutually beneficial cooperation. Alpari stands out among other global brokers thanks to its innovative PAMM accounts. Alpari’s PAMM accounts allow investors to transfer their funds to experienced Forex traders for management, thus gaining profits without having to trade independently.
This unique service is carried out online, allowing you to manage your investments through the company’s website. All Alpari financial operations are performed automatically, providing convenience and efficiency for investors. There are also two concepts: PAMM account and PAMM portfolio. With a PAMM account, investors can earn without trading. Investors can invest their funds in traders’ accounts. Traders are rewarded for the profits earned from the investment. Several accounts are combined into a PAMM portfolio.
Successful activity of the flagship trading is ensured by strict adherence to three rules:
- maximum customer satisfaction;
- the non-stop use of innovative developments;
- maintaining an impeccable reputation.
Thanks to the observance of these simple rules, Alpari, having started practically from scratch, now has many prizes and awards, as well as the trust of its clients, the number of which has already exceeded one hundred thousand. To become a trader of the company is very simple, all you have to do is fill out the form on the site. You will be able to start trading immediately after funding your trading account. The minimum amount here depends on the type of payment system, for example, for bank cards $30.
Alpari offers the opportunity to work for a while on a demo account. Such work does not require any investment, and the experience gained is quite real. In addition, the company’s representatives regularly hold online training seminars, and in-person classes are organized for those who wish to participate. Alpari also offers binary options trading, which are referred to here as fixed contracts (Read here). Unlike other brokers, Alpari offers not only the Above/Lower trade but also Touch, Range, Spread, Turbo, and Express. Traders who have started working with the broker can get advice from a financial advisor by contacting them by phone, e-mail, or via online chat.
Various instruments serve as trading tools on the platform. Thus, the broker provides access to all popular and exotic currency pairs, to commodities such as crude oil, Brent oil, and natural gas. Precious metals are traditionally represented by gold and silver. Cryptocurrencies are the most popular tokens. It is also possible to trade stocks and indices.
Alpari Platform
One of the oldest brokers in the binary options market offers traders several solutions, among which you can choose the most comfortable one. The MetaTrader 4 terminal is available on alpari.com, a popular platform for work that investors have come to love. This program is easy to work with, functional, and convenient for market beginners and professionals. Metatrader is chosen by those who need full-fledged trading, reliability, and security of work. It provides options for testing indicators and strategies, graphical elements on the chart, and access to free trading signals.
MetaTrader 5 is the new generation of the famous platform. It is a godsend for traders looking for a functional trading solution. Its advantages include high performance, more than 20 indicators, additional orders for trading, and many useful tools for market analysis. To begin utilizing these terminals, registration on the website is required, followed by downloading the software through a designated link.
Also available here is the Fix-ContractsTrader web platform, which does not need to be installed on your computer. After registering with the broker, you can immediately start trading on the market. Compatible with various operating systems (Mac OS, Windows, Linux), the system also seamlessly integrates with MetaTrader platforms. Offering indicators, graphical figures, news, and analytics, this system is user-friendly, enabling traders to swiftly place their first bets.
Alpari Quotes
Alpari, which has been successfully working with various financial markets for many years, cares about the service offered to a client. This also applies to quotes, which are provided to the broker only by proven and reliable liquidity providers: these include major global banks and ECN systems, such as the main data providers Currenex and Integral.
Quotes are provided on time, are accurate, and represent a significant competitive advantage for the company. Quotes can also be easily tracked on alpari.com, which makes the company more open:
Demo Account on alpari.com
The broker is serious about the service it provides to its clients, so it offers a convenient demo account for those traders who would like to get acquainted with the capabilities of the site. In order to use a standard demo account, just register on the Alpari website. After that, you can explore the terminal’s functionality, make your first trade, test strategies, etc. A demo account, if handled properly, will allow you to overcome your fears as a beginner, learn about the platform’s useful options, etc.
When you open a demo account on the Alpari platform, remember that this account is not time-limited and you can customize various parameters such as account balance and leverage. Our advice for traders is to choose parameters that are close to those you plan to use in real trading. This will help create a more realistic demo trading experience. Alpari has implemented features in its demo account that simulate real trading conditions. These include virtual deposits, the ability to change leverage, and account deletion. This confirms that the broker takes into account the needs of both beginners and experienced traders, providing them with the means to learn more effectively.
Revieweek.com tip: It is important to note that using demo trading as a learning tool has its limitations. It does not provide an opportunity to familiarize yourself with trading psychology and can create unrealistic expectations of real trading. Therefore, once you have mastered the basics on a demo account, be sure to delve into the trading aspects of emotions and market psychology.
Alpari App
Alpari offers several functional trading terminals. Mobile apps are also available. By installing a free program on your smartphone, you can manage your trading account, change your investment strategy, and withdraw money wherever you are. Such a solution simplifies binary options trading and makes the market available wherever it is convenient for a trader.
Alpari Invest mobile application is an opportunity to manage your investments in one software installed on your smartphone (iOS, Android). The program makes it easy to invest in traders’ trades. Even a newcomer to the market will be able to grasp the system’s capabilities. Once you have chosen an investor, all you need to do is deposit your account, work with your capital, and quickly withdraw your earnings. Full information about all investment products of the broker is available here.
We also offer a handy Alpari Options application for trading binary options from a cell phone (iOS, iPad, Android). This is modern software with a user-friendly interface that is not inferior to the PC version. Trade on a demo account here and move on to making money in the real market, place trades, close them, test indicators and work with your deposit wherever and whenever you want, using Alpari’s full-featured software.
Alpari Bonuses
The company consistently offers a bonus program and promotions. Active traders earn points that can be redeemed for real money or trading discounts. Additionally, clients maintaining a sufficient level of free funds receive cumulative deposit interest, exceeding that of most banks. The size of such accruals depends only on the client’s performance: the larger the account and higher the trading turnover, the higher the interest will be. A maximum of 8% can be offered to the currency account. Also, from time to time, the broker issues promo codes that can be used for additional benefits.
Alpari Cashback
Each trader after registration starts to receive special ALP points on his account, which are awarded for deposits, trades, and other trading activity. Later these points can be exchanged for cash, refunds, or discounts.
Affiliate Program
Alpari offers a Revenue Share type affiliate program, allowing affiliates to receive up to 70% of all referral spread commissions.
Alpari Deposits and Withdrawals
Depositing and withdrawing funds from the broker’s platform are convenient and offer a wide range of payment systems. Traders frequently mention in reviews that both of these operations on the account proceed smoothly, without delays, and technical support is readily available. Let’s study these operations on the trader’s account in more detail below.
Alpari Deposits
Deposits with Alpari can be made through various methods:
- By card (Visa, MasterCard Visa (Appex).
- Any cryptocurrencies supported by the B2BinPay system.
- Local payment systems in different countries (Visa, MasterCard, Mir, Online Banking Nigeria, Online Banking China, Pagsmile, Fasapay, RunPay, TC Pay, etc.).
Such a large selection of deposit methods at Alpari shows that it is important for the company to provide traders with a comfortable and understandable service, as well as to offer its services to more clients around the world.
On alpari.com, the broker notes that payment methods from hundreds of countries are offered. You can see all possible deposit methods in your personal cabinet.
What are the minimum and maximum deposit amounts at Alpari?
The minimum deposit amount depends on the trading account chosen by the trader, it is usually between $20 and $500. There are no maximum deposit limits at Alpari.
Tip from revieweek.com: Payment service providers often set their own minimum and maximum deposit amounts and these may differ from Alpari’s requirements. Research this information.
How to deposit Alpari in 3 simple steps?
It is simple, as even a beginner can handle it:
- Step 1. Open the “Deposits” page in the “My Money” section of MyAlpari.
- Step 2. Select your preferred deposit method and click “Deposit”.
- Step 3. Select a trading account, fill in the details, and confirm the deposit.
Alpari Withdrawals
Alpari Withdrawals are also a quick and simple procedure. These are the same methods that a trader uses to deposit money into an account, i.e.:
- Bank cards (Visa, MasterCard Visa (Appex).
- Cryptocurrencies.
- Payment Systems.
Minimum and maximum withdrawal amount
It is possible to withdraw as much money as the trader plans, provided that he uses the same payment method he used to make the deposit. If the trader has open positions, it is necessary to leave enough funds in the account to cover the withdrawal and to pay additional commissions that may arise.
How to request a withdrawal in 3 simple steps
You only need to follow these 3 steps to withdraw your profits:
- Step 1. Log in to your account, go to the “My Money” section, and open the withdrawal page.
- Step 2. Select a payment method and click “Withdraw”.
- Step 3. Choose an account or wallet, fill in the details, and click “Submit”.
Alpari offers fast and convenient deposit and withdrawal of funds from the platform, guaranteeing reliability, security and support in case of questions. The company has been operating on the forex market for a long time, so it has a well-deserved reputation as a reliable broker with thoughtful service.
Alpari Reviews
Given Alpari’s more than 20-year history, numerous customer reviews about the company can be found online. In general, it’s worth noting that the feedback from users tends to be positive.
Traders note many positive aspects of working with Alpari: interesting contests with valuable prizes, the availability of PAMM accounts, round-the-clock support, a large number of tools, favorable conditions, and reliability. Reviews also often say that the company is suitable for both beginners and professional investors.
Certainly, there is still some negativity present, which is perhaps unavoidable, particularly in trading. There are always people who, working in the complex Forex market, do not listen to recommendations, and try to act on their own, without sufficient experience, which eventually leads to a loss of deposit.
Many such clients who write negative reviews about Alpari begin to blame the broker for all their troubles. In addition, there are also negative reviews from competitors. Negative reviews about the company are associated with inaccurate charts on accounts, the strictness of moderators on forums, and unreasonable closing of trading positions. The same information of a somewhat negative nature that corresponds to reality is carefully reviewed by Alpari specialists and an immediate response to objective criticism follows.
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Broker’s Regulator
Alpari’s regulator is an important question that traders are interested in, as having a license makes working with the markets reliable and safe. As for Alpari, it has a legal entity registration, Alpari (Comoros) Ltd, with an address of Bonovo Road, Fomboni Island of Moheli Comoros Union.
The broker, operating on behalf of this company, is licensed by the Mwali International Services Authority, Moheli Island, as an international brokerage and clearing house under license number T2023236. This information can be seen at the very bottom of the alpari.com website:
Also, the broker explains what it means to have this license in the FAQ section: the broker passes the regulator’s inspections, and complies with generally accepted legislation in the field of financial markets, such as Know Your Customer:
The company is also a member of The Financial Commission, an international organization that settles disputes in the area of financial services in the Forex market. The company needs to provide clients with the best level of security, so traders’ funds are kept in different leading banking institutions and separate from Alpari’s operational funds. Client money is not used for company purposes.
For greater security, use the SSL (Secure Sockets Layer) network security protocol. This allows you to guarantee the safety and confidentiality of customer data and the security of transactions.
User Agreement alpari.com
“User Agreement” is an important document that gives a clear understanding of the principles on which the resource operates, what are the rights of its users, as well as the broker’s obligations to traders. It is important to study this material even before you start trading on the company’s platform because in disputable situations you can easily save your nerves and time, by knowing what will be the broker’s behavior in a particular situation. Most often such a document, in addition to quite clear and fair formulations, contains information that may be disadvantageous to the trader, complicates trading, and limits his opportunities on the platform.
For example, the document describes in detail possible conflict situations and ways of their resolution, the trader’s consent to cooperate with the broker.
In section 7 you can find the policy of possible commissions and other expenses, also the company has the right to change their amount without prior notice to the client.
Section 18 details the warranties and obligations of both parties:
Is Alpari a Scam?
Indeed, Alpari is a name that resonates strongly in the world of finance. It ranks among the oldest and largest brokers globally. Active implementation of innovations, professionalism of employees, trading not only binary options but also CFD, and forex (the whole truth about forex here). A large number of satisfied users (both professional investors and novice players) all over the world, positive reviews, and prestigious awards. All this is Alpari. Alpari’s ongoing development and provision of high-quality services are evident on its official website, reaffirming its status as a leading force in the financial markets.
By visiting Alpari’s official website, you can make sure of that. It is probably one of the most informative and convenient resources on the broker market, where any trader will be comfortable enough to work. On the Alpari website, you’ll find, in addition to a wealth of reference material on the differences between the markets, like binary options or CFDs, information about investments (PAMM accounts, PAMM portfolios), educational articles, overviews (expert analysis, useful literature, a trader chat, news, fundamental and technical analyses, forecasts and signals, etc.). In addition, here you can learn about current bonuses and contests of the company, and choose a convenient platform for trading. And this is just a part of what the broker with almost 20 years of experience is ready to offer you.
Alpari (real reviews available below) is an example of a successful and reliable company, actively working with the leading financial markets: forex trading, binary options, and CFDs. Over a million traders from different countries of the world work with Alpari Broker. The reviews of those who invested in the platform most often praise the impressive experience of the organization, favorable rates, fast withdrawal of funds, the quality and usefulness of analytical materials, and timely support from managers. The broker has been successfully operating for 23 years, has international licenses, has the status of the largest MetaTrader broker, and holds high positions, proving that it is a leader and a serious organization.
Alpari is a broker that has achieved such astounding results only because it always works for the convenience and comfort of its clients. It is a pleasure to work with the company for investors, who expect ample opportunities for profitable investments in proven solutions. Reviews about Alpari investments are only positive, it is easy and profitable to work with them. You can invest in the accounts of successful players using PAMM accounts, you can easily create a PAMM portfolio consisting of several PAMM accounts, which minimizes risks and increases profits many times over. All you need to do is use the Alpari Invest program. Binary options (read more about options trading below) with the broker – it allows you to make your first money in as little as 30 seconds. The company is the winner of the FINANCE MAGNATES AWARDS 2015 and has the title of “Best Binary Options Broker”. The advantage of the market is that it is easy and affordable, transparent and reliable. Alpari Binary Options (trader reviews below) is a quick start in one of the most promising markets.
The company is deservedly considered a leader in the forex industry, CFD trading. Today users have access to different trading instruments and terminals, comfortable spreads, low tariffs, etc. The high quality of services is evidenced, first of all, by user reviews. Alpari stands as a forex broker synonymous with boundless opportunities, prioritizing not just service and competitive rates, but also an array of contests, bonuses, and promotions for its clients. Convenient platform, low threshold for investments, fast transactions, quality training, professional analytical materials (reviews, articles, news) – all this awaits the Alpari client. Withdrawal of funds (read the withdrawal reviews below) – one of those procedures that are worked out to the finest detail, which allows throughout the long term of the organization to earn more than one positive comment. The Alpari company is the choice of those players who are determined to earn a serious income from trading.
No one would think of calling Alpari a scam these days. And this should not come as a surprise, because it is not just a simple brokerage company, but a large holding company of international scale. In addition to many countries in Europe, the Middle East, and Asia, Alpari also works directly in the U.S., which is not easy, because American regulators are very scrupulous. And if the company manages to get a foothold in the US market, that is a definite plus for the holding.
Conclusion
To conclude the review, I would like to briefly summarize all of the above. The main thing about Alpari is its absolute reliability, which attracts clients from all over the world. Of course, service standards are also important, which are so high that even picky European and American clients are completely satisfied with Alpari.
It should be noted that the company is one of the oldest, largest, and most reliable. It offers excellent customer service, favorable conditions, and perfect service. Alpari specialists provide training to inexperienced traders, and trading signals are given to all clients for free. However, the most important thing for users is the absolute reliability of the broker, otherwise, it wouldn’t be able to work on the market for such a long time.
Reviews
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Alpari reviews
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