Alpari Broker Review 2024

Alpari requires a minimum deposit of $50 for its basic account [Standard] and offers a maximum leverage of 1:1000 on it. Spreads on this account start from 1.2 pips.

The brokerage provides 3 support channels [Phone, Live Chat, Email] on a 24/5 schedule.

Alpari Forex Broker (Company Information & Regulation)

Alpari Group, a multinational powerhouse in the forex and CFD brokerage world, has been a fixture in the financial markets since its inception in 1998 in Kazan, Russia.

Over the years, Alpari has expanded its reach to over 150 countries, amassing an impressive client base of more than 1 million traders. This global presence solidifies the broker's position as one of the largest forex brokers worldwide. Key points about Alpari:

• Licensed and regulated by Mwali International Services Authority (MISA);
• Founded by Andrey Dashin, who also owns ForexTime (FXTM);
• Operates a charitable arm, the Alpari Charitable Fund, supporting underprivileged children in the Republic of Tatarstan.

Alpari Summary of Specifics

At this section, we have an overview on the main features offered by this broker. Let's break down the key specifics that make Alpari a popular choice among traders.

Alpari Trading Account Types (Specifics & Comparison)

This broker performs well in this section by offering several account types, each designed to meet specific trading needs and styles. Alpari Account Types:

Also, Alpari provides demo trading for all accounts to practice trading skills and strategies.

Pros and Cons

Let's take a balanced look at the advantages and disadvantages of trading with the mentioned broker. Alpari Advantages and Disadvantages:

Alpari Account Registration & Verification: Step-by-Step Tutorial

Opening an account with this company is the first thing to do before trading. Here's a step-by-step guide on signing up. Alpari Registration:

1. Visit the Alpari website;
2. Click on "Open Account" at the top;
3. Register by providing personal details including name, phone number, email; address, country, city, and citizenship country;
4. Choose your preferred way for receiving the code, then enter it;
5. Read and accept the terms of the Client Agreement by ticking the corresponding checkbox;
6. Click on "Complete Registration".

Now, your account is created. You need to verify your identity for using all services and options on the website. The verification process may require additional documents to confirm your identity and residence location.

Which Trading Platforms Are Used on Alpari?

Alpari provides trading through a range of platforms to meet the needs of different traders. We will have a look at each platform in this section.

MetaTrader 4

This is one of the most popular platforms in Forex trading, available for desktop and mobile. MT4 Main Features:

• Easy access to various markets;
• Real-time trading and interactive charts;
• MQL4 programming language;
• Support for automated trading strategies (Expert Advisors).

MetaTrader 5

MT5 is the newer version of MetaQuotes' popular platform. Here are the main specifics:

• More advanced features compared to MT4;
• Access to VPS for trading;
• Robust set of technical indicators (80+);
• Multi Account Management (MAM);
• MQL5 language for programming.

WebTrader

Traders can access MetaTrader 4 via Alpari on their browser from any device without the need to download or install any app. Key Features:

• One-click trading;
• Various timeframes;
• Analytical tools for technical analysis.

Alpari Trading App

Account opening, funding, withdrawals, portfolio management, one-click trading, and MetaQuotes integration all in one application. Alpari mobile is only available on Android devices.

Spreads and Commissions on Trading Accounts and Payments

Alpari's pricing structure varies across its account types. Alpari Spreads and Commissions:

Regarding deposits and withdrawals, the broker charges a fee starting from 0, depending on the used method.

Alpari Deposit & Withdrawal Solutions

This company provides many deposit and withdrawal options to accommodate traders worldwide. Alpari Payment Methods:

• Local payment solutions;
• Credit/debit cards;
• E-wallets;
• Bank wire transfers (in some regions);
• Crypto payments.

The broker's flexible and secure payment options make it easy for traders to manage their funds efficiently.

Copy Trading & Investment Options Offered on Alpari

The company offers copy trading services, allowing less experienced traders to automatically replicate the trades of successful investors. This feature provides several benefits:

• Access to expert trading strategies;
• Time-saving for those unable to actively trade;
• Potential to learn from successful traders' decisions.

Copy trading on Alpari is offered through PAMM accounts, which are investments in a group, managed by a professional trader.

Tradable Markets & Symbols (Variety & Number)

You can get access to hundreds of trading assets and instruments on Alpari broker. Although it does not state an exact number, here are the available markets:

• Forex: Most popular currency pairs from the largest financial market;
• Commodities: Including Crude Oil, Brent Oil, and Natural Gas;
• Metals: Precious metals like Gold and Silver;
• Indices: Biggest global stock market indices;
• Stock CFDs: CFDs on stocks from various exchanges;
• Crypto CFDs: Access to popular cryptocurrency markets.

Alpari Bonuses and Promotions for Trading

Bonuses are used as a marketing solution by brokers. Based on our investigations, Alpari currently offers 2 promotions for its clients.

• Deposit commission waiver for China UnionPay deposits;
• Alpari Cashback program with points equal to cash, discounts, etc.

These bonuses enhance the trading experience and provide additional value to users.

Customer Support Section (Contact Methods & Schedule)

Alpari broker offers several ways to connect with the support team, covering common options. Contact Methods:

• Phone: +44 2045 771951;
• Live chat: On the official website;
• Email: customersupport@alpari.org.

The downside of this section is it does not offer 24-hour services on all days of the week. Actually, they respond to your inquiries on a 24/5 schedule.

List of Countries Restricted from Alpari's Services

While Alpari operates globally, not all clients from every region can access its services. List of Banned Countries:

• USA
• UK
• Japan
• Canada
• North Korea
• Sudan
• Syria
• Cuba
• Myanmar
• European Union countries

Trust Scores & Reviews from Users and Experts

Alpari has achieved a moderate rating and score in the industry based on reputable websites like TrustPilot. Alpari Trust Scores:

• Trustpilot: 3.1 out of 5, based on over 10 reviews;
• ForexPeaceArmy: 2.69 out of 5, based on more than 15 reviews;
• Reviews.io: 2.9 out of 5, based on over 15 user ratings.

Education on Alpari (Quality & Materials)

The broker offers educational resources in the form of articles and videos on the official website and its YouTube channel. Alpari Education Section:

• Guide for beginners to learn about Forex trading;
• More advanced resources on trading in Forex;
• CFD trading guide;
• Glossary for terms and phrases related to Forex and trading;
• Analytical and educational videos on YouTube.

While the educational content is comprehensive for newcomers, advanced traders might find the lack of advanced trading videos limiting.

Conclusion and final words

Alpari is a financial broker with a 2.9 out of 5 trust score on REVIEWS.io. There are 3 live accounts [Standard, ECN, Pro ECN] offered by it, in addition to a demo trading environment.

The brokerage operates based on USD and EUR currencies for deposits. The company was founded in Kazan, Russia.