1. Home
  2. Compare Forex Brokers
  3. Alpari review

Alpari Review

  • Regulated by: FSA (Saint Vincent and the Grenadines)
  • Safety: segregates client funds
  • Trust Rating: D
Open Alpari's Website

Losses can exceed deposits. Your capital is at risk.

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.

Alpari screenshot

PROS

  • Segeregates client funds
  • Established in 1998
  • Regulated by FSA (Saint Vincent and the Grenadines)
  • Min. deposit from $1

CONS

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.

Alpari variable spread is not available. If you believe this is incorrect please fill in our form

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.

See all Spreads Your capital is at risk.

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.

General Fees

  • Alpari doesn’t charge inactivity fees*
  • Alpari withdrawal fees varies on payment method

Commissions

  • Alpari does charge commission on CFD shares

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
Your capital is at risk.

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.

Alpari Screenshot 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.

Trading Features:

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Accounts offered:

  • Mini account
  • Standard account
  • ECN account
  • Islamic account

Still not sure?

Open a practice account & learn to trade

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.

Funding methods:

  • Credit cards
  • Bank Transfer
  • Neteller

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.