Alpari Binary is an options trading platform with a minimum trade amount of $1 and a maximum order size of $5,000. The company has 3 contact channels [ticket system, phone call, live chat] for its 24/5 support department.
The company provides more than 4 e-wallet payment options [Perfect Money, WebMoney, TC Wallet, FasaPay, and more], in addition to bank transfers and bank cards.
Alpari - Company Information
Alpari Group, founded in 1998 in Kazan, Russia, has grown into a multinational forex, precious metals, and CFD broker. Also, it provides binary trading services with the title "Fix-Contracts". This company is incorporated under registration number HY00423015.
Key points about Alpari:
- Serves a user base of more than 2 million clients worldwide
- Led by founder and chairman Andrey Dashin, who also owns ForexTime (FXTM)
- Operates a charitable foundation providing aid in Tatarstan
Alpari Specifications Summary
In this section, we summarize Alpari's specifications as a binary options broker. Table of Key Features:
Broker | Alpari |
Account Types | N/A |
Establishment Year | 1998 |
Trading Platforms | Proprietary Platform |
Maximum Return | Up To 100% |
Minimum Deposit | $1 |
Base Currencies | USD |
Deposit Methods | E-Payments, Bank Transfers, Bank Cards |
Withdrawal Methods | E-Payments, Bank Transfers, Bank Cards |
Minimum Trade Amount | $1 |
Maximum Trade Amount | $5,000 |
Tradable Assets | Forex, Metals, Commodities, Shares, Indices, Cryptocurrencies |
Investment Options | None |
Bonus | Cashback |
Spreads | N/A |
Commission & Fees | N/A For Trading From 0% For Deposits/Withdrawals |
Maximum Leverage | N/A |
Affiliate Program | Yes |
Trading Features | Pro Status, One-Click Trading, Various Contract Types |
Inactivity Fee | N/A |
Customer Support Ways | Live Chat, Phone Call, Ticket System |
Customer Support Hours | 24/5 |
Trading Account Types on Alpari
Most binary option brokers provide several account types, serving traders with various features and specifications. However, Alpari does not offer any variety in account types, and you have only one option in this regard. Although, demo trading is possible as a separate account on the proprietary platform, accessible through the website.
How to Open and Verify an Account on Alpari for Binary Trading
The process for opening and verifying an account for the broker's trading services, including binary options, typically follows these steps:
- Visit the Alpari website and click "Open Account";
- Fill out the registration with your name, phone number, email address, country of residence, city, and citizenship status;
- Choose a method for receiving the verification code (Email/SMS);
- Enter the code in the corresponding field;
- Accept the terms of the Client Agreement.
Your account is now ready to use. For verification, complete your account profile and submit the required documents related to your identity and/or residence location on the website.
Bonuses & Promotions Offered by Alpari Binary Option
Currently, the binary option section of the broker does not offer any bonuses and promotions for traders, except a "Cashback" program. Via this promotion, clients earn bonus points, which are exchangeable for funds. These funds are tradable on fix contracts market.
Since it might change in the future, always check for the latest updates on the bonuses via the official channels.
Alpari Binary Option Commissions & fees Structure
Actually, the platform does not provide a transparent structure on the commissions & costs regarding binary trading. However, the deposits & withdrawal commissions are the same as they are on Alpari broker, which start from 0% depending on the method.
Personal cabinet on Alpari binary option
The personal cabinet on Alpari's binary market is an interface where you are able to start trading and manage your orders. Key Features:
- Market chart with live data, several useful indicators, and time frames
- Deposit and withdrawal management
- Trading history and reports
- FAQ section with information on fix contracts trading
- One-click trading
- 6 Different contract types
- Promotions section
- Access to trading signals
Alpari Binary trading platform Available Indicators and Oscillators
This broker, like many other binary brokers in the industry, offers indicators and chart tools on its proprietary platform. There are not many options, but some of the popular ones are available. Indicators Offered on Alpari Fix Contracts:
- Moving Average;
- Parabolic SAR;
- ZigZag;
- Bollinger Bands;
- Relative Strength Index;
- Stochastic Oscillator;
- MACD.
Payment Options on Alpari Binary Option
The broker offers different methods for deposits and payouts on its platforms, including its binary platform. Payment Options on Alpari:
- E-payments: Perfect Money, WebMoney, TC Wallet, FasaPay, etc.;
- Bank Transfers: Depending on the region;
- Bank Cards: American or international systems.
Copy Trading and Social Trading: Does Alpari Offer These Services for Binary Option?
As per our investigations on the official website and reliable resources, the broker does not offer any copy trading or social trading facilities for binary option markets. However, you can use these services on other markets via the brokerage.
Alpari Trust scores on Review Websites
This broker does not have a high average of scores on trust websites [Trustpilot, ForexPeaceArmy, REVIEWS.io] in general. Note that the ratings are for the "Alpari" company itself, which is the provider of binary options services. Alpari Trust Scores:
- Trustpilot: 3.1 out of 5, based on more than 10 reviews;
- ForexPeaceArmy: 2.7 out of 5, an average of more than 15 user ratings;
- REVIEWS.io: 2.7 out of 5, based on more than 15 scores.
All in all, there are mixed reviews and opinions on the company's reliability and performance. Critical Points Mentioned in Reviews:
- Delayed responses from the support team;
- High level of funds' safety;
- Convenient deposits and withdrawals.
Alpari Support for Binary: Contact Methods & Opening Hours
The broker's support team answers your inquiries about different services, including binary options trading. Contact Alpari's support via one of these methods:
- Ticket System: Available on the website at the "Raise Request" page
- Phone Call: +44 2045 771951
- Live Chat: Accessible via Telegram or the official site
The customer service department in this company is available at the market hours and days. In other words, it is ready to answer your questions 24/5.
Writer's opinion and conclusion
Alpari, the parent company of Alpari binary option platform, has received a trust score of 2.7/5 based on more than 15 ratings on "REVIEWS.io." On "Trustpilot," the score is 3.1/5 with approx. 14 reviews.
The discussed platform enables access to several technical indicators, such as Moving Average, MACD, Stochastic oscillator, Bollinger Bands, etc.
