Alpari one way: Forex.
To open a live account, you’ll need a minimum deposit of at least $1. Alternatively, Alpari offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by . Alpari puts all client funds in a segregated bank account and uses tier-1 banks for this. Alpari have been established since 1998, and have a head office in St. Vincent and the Grenadines.
Before we dive into some of the more detailed aspects of Alpari’s spreads, fees, platforms and trading features, you may want to open Alpari‘s website in a new tab by clicking the button below in order to see the latest information directly from Alpari.
Open a demo account Visit Alpari
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
Your capital is at risk.
PROS
- Segeregates client funds
- Established in 1998
- Regulated by FSA (Saint Vincent and the Grenadines)
- Min. deposit from $1
CONS
- Not FCA Regulated ( See alternatives )
What are Alpari's spreads & fees?
Like most brokers, Alpari take a fee from the spread, which is the difference between the buy and sell price of an instrument.
The spreads displayed below are based on the minimum fixed spreads listed on Alpari’s website. The colour bars show how competitive Alpari’s spreads are in comparison to other popular brokers featured on BrokerNotes.
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EUR/USD
Not offered $0.00 per lotThe average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
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USD/JPY
Not offered $0.00 per lotThe average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
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GBP/USD
Not offered $0.00 per lotThe average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
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Bitcoin
Not offeredThe average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
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Gold
Not offeredThe average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
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DAX30
Not offeredThe average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Speads are dynamic and are for informational purposes only. Last updated: June 06, 2018.
As you can see, Alpari's
minimum spread for trading EUR/USD is pips - which is relatively low compared to average EUR/USD spread of 0.82 pips. Below is a breakdown of how much it would cost you to trade one lot of EUR/USD with Alpari vs. similar brokers.
How much does Alpari charge to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) with Alpari at an exchange rate of 1.1719 and then sell it the next day at the same price you would likely pay $0. Here’s a rough breakdown of the fees and how this compares against Plus500 & AvaTrade.
| Alpari | Plus500 | AvaTrade | |
|---|---|---|---|
| Spread from: | $0.00 | $6.00 | $7.00 |
| Typical overnight fee: | $0.00 | $9.40 | $5.00 |
| Commission: | $0.00 | $0.00 | $0.00 |
| Total cost of a 100k trade: | $0 | $15.4 | $12 |
| $15.40 more | $12.00 more | ||
| Visit Alpari | Visit Plus500 | Visit AvaTrade |
Your capital is at risk. All fees/prices are for informational purposes and are subject to change. Last updated: 09/03/2018.
What can you trade with Alpari?
| FX / Currencies | Alpari | Plus500 | AvaTrade |
|---|---|---|---|
| # of forex pairs offered | 48 | 61 | 59 |
| Major forex pairs | Yes | Yes | Yes |
| Minor forex pairs | Yes | Yes | Yes |
| Exotic forex pairs | Yes | Yes | Yes |
| Cryptocurrencies | Yes | Yes | Yes |
| Commodity CFDs | Alpari | Plus500 | AvaTrade |
|---|---|---|---|
| # of commodities offered | 3 | 17 | 16 |
| Metals | Yes | Yes | Yes |
| Energies | No | Yes | Yes |
| Agricultural | No | Yes | Yes |
| Indiced & Stock CFDs | Alpari | Plus500 | AvaTrade |
|---|---|---|---|
| # of Stocks offered | 0 | 1816 | 99 |
| UK Shares | No | Yes | Yes |
| US Shares | No | Yes | Yes |
| German Shares | No | Yes | Yes |
| Japanese Shares | No | Yes | Yes |
| See Alpari's Instruments | See Plus500's Instruments | See AvaTrade's Instruments |
What’s the Alpari trading experience like?
1) Platforms and apps
Alpari is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.
See Alpari's Platforms
Alpari also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you are on the move.
See Alpari's platforms Your capital is at risk.2) Executing Trades
With Alpari, the minimum and maximum trade requirements vary depending on the trader and the instrument. As Alpari offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you’re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Alpari offer margin up to on currencies.
Finally, we’ve listed some of the popular funding methods that Alpari offers its traders on the right.
3) Client support
Alpari support a wide range of languages including English, Russian, chinese, Arabic, Indonesian, Hindi, Spanish
Alpari have a BrokerNotes double AA support rating because Alpari offer over three languages live chat and email support.
4) What you’ll need to open an account with Alpari
As Alpari is regulated by FSA (Saint Vincent and the Grenadines), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you’ll likely be asked for the following, so it’s good to have these handy:
- A scanned colour copy of your passport, driving license or national ID
- A utility bill or bank statement from the past three months showing your address
You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process.
While you might be able to explore Alpari’s platform straight away, it’s important to note that you won’t be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.
To start the process of opening an account with Alpari you can visit their website here.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you’re prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://alpari.com/ on March 21, 2018.