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Trading Platforms

The trading platforms offered by Alpari are:

a) MetaTrader: Alpari offers both the MT4 and MT5 trading platforms. Alpari claims a non-dealing desk environment with the MT5 platform, coupled with the ability to trade forex and precious metals up to a leverage of 1:500.

b) MetaTrader for Smartphones: Traders can download the Alpari iOS apps for the iPhone and iPad, as well as the Android MT4 and MT5 apps for the Android-powered tablet and smartphone devices.

c) MT4 Multi-terminal - This is the ideal platform for those who wish to trade on several MT4 accounts simultaneously. If you are a multi-account manager or a provider of managed accounts services, then this is the platform to use.

d) Alpari Direct Pro: This platform is the web-based professional trading platform powered by Currenex which provides for trading on precious metals and 57 currency pairs. The platform is fully customizable and with Direct Pro, there is no need to download anything.

e) Alpari Direct: This is the downloadable version of the Direct Pro platform. Also powered by Currenex, the only difference between Alpari Direct Pro and Alpari Direct is that the former is web-based and the latter is downloadable. All other features are the same.

Account Types

Traders on Alpari can operate the following types of accounts:

a) A demo account: Traders can decide if they want an all-currency demo account of a spot metals demo account.

b) A Micro account: This is the ideal account for forex beginners. This account allows carries a $200 minimum deposit as well as a minimum trade size of 1 micro-lot ($1000 contracts).

c) The Classic account is the $500 minimum deposit account which is traded on MetaTrader4.

d) The MT5 account is a special account which provides non-dealing desk trading conditions on a MetaTrader platform. Minimum deposit is $200.

e) The Pro Accounts are for professional traders, with trades being conducted on Alpari Direct and Direct Pro platforms. Entry level deposit is $20,000.

Special Features

One of the special features on Alpari is the floating leverage. The floating leverage allows the trader to change the leverage on which the account is operated. Floating leverage is a feature of Alpari UK.

Another special feature is the provision of a forex VPS which allows traders to host their expert advisors and run them on their accounts without interruption from network failures or system shutdowns.

Deposits and Withdrawals

Deposits and withdrawals on Alpari will depend on which of the two Alpari companies (Alpari US and Alpari UK) are used for trading. Generally speaking, deposits and withdrawals are made with the following means:

a) Wire Transfer: Bank wires are universally accepted and can be used by all traders on the Alpari platform.

b) Credit Card: VISA and MasterCard are the two credit card brands that can be used on Alpari to provide instant deposits and quick withdrawal transactions.

c) Cheque: This is mostly used by those who operate trading accounts with Alpari US. This will require the ownership of a U.S. checking account.

d) Neteller: Neteller is the only e-payment method by which traders can deposit or withdraw funds from their Alpari trading accounts.

The minimum deposit required to commence forex trading on Alpari depends on the account type operated. Information about this is available in the section titled 'Account Types'. There are no limit impositions on maximum deposit amount, as well as minimum or maximum withdrawal amounts.

There is no ceiling on the number of withdrawals that traders can make in a month, and there are no charges on withdrawals. While Alpari UK allows traders to operate a floating leverage, Alpari US does not allow leverages beyond 1:50 in compliance with CFTC regulations.

Customer Support

Here are the channels by which Alpari can be reached:

Alpari US

a) Email Support: sales@alpari-us.com

b) Phone: +1 646.825.5760

c) Live chat

Alpari UK

a) Email: support@alpari.com

b) Phone: +44 20 7426 2900

c) Live chat

Investor Protection & Regulations

'Alpari International offers regulatory oversight through the company's owner Exinity Ltd, from the Financial Services Commission (FSC) of the Republic of Mauritius. The company is also a member of the independent Financial Commission's Compensation Fund.'

Alpari International is the business name of Exinity Ltd who is regulated by the Financial Services Commission (FSC) of the Republic of Mauritius, as confirmed on the FSC Register of Licensees below:

Alpari International's website also shows the following licence:

According to the broker's website, Alpari International also offers further protection to clients by:

• Segregating client funds.
• Offering negative balance protection on accounts with instant and market execution.
• Being a member of the international and independent body The Financial Commission which provides traders and brokers with an external dispute resolution mechanism. User claims from the Compensation Fund - following a judgement by the Commission in the user's favour - cover up to EUR 20,000 per client.

Tradable Products

'At Alpari International, users can trade on a wide range of asset classes including Forex, Indices, Metals, Cryptocurrencies and Stocks.'

The markets available to trade vary depending on which trading platform is used and the type of trading account that is opened: a Standard, Micro, Pro, ECN or Stocks trading account. However, below is a list of just some of the markets that are available:

Trading costs such as spreads, commissions and swaps vary depending on the account type and the trading platform being used which are briefly mentioned above, with more detail further down this review.

For example, according to the broker's statement, the spreads on a Standard Account start from 1.2 pips, a Micro Account from 1.7 pips and an ECN Account from 0.4 pips.

* Details regarding the available assets are taken from Alpari International's website and are correct at the time of this review.

Account Opening

'Alpari International offers four main types of trading accounts called Standard MT4, Micro MT4, Pro MT4 and ECN MT4/5. They also offer a Stocks Trading account, as well as a swap-free account, the use of a free demo trading account and an Alpari Invest account.'

The accounts on offer from Alpari International offers unique features for both the beginner and advanced trader. Some of the features are listed below:

The accounts on offer have different minimum deposits that are suited to beginner and advanced traders. For example, the minimum deposit for:

• Micro MT4 Account = 5 USD / GBP / EUR
• Standard MT4 Account = 100 USD/ GBP / EUR
• ECN MT4/5 Account = 500 USD / GBP / EUR
• Pro MT4 Account = 25,000 USD /GBP /EUR

Alpari International also allow deposits in Nigerian Naira (NGN) with different deposit amounts and limitations per account. More details can be found on their website.

Opening a live account, or a demo trading account, seems quick and easy by clicking the 'Register' tab, located on the top right of their website. This then leads to the registration page, as shown below:

Once the user clicks on 'Send Pin', it will be sent by email or phone and can be used to complete the registration page above. Once logged in, users are then asked to complete their profile with the following information:

Once this is completed users will be logged in to their very own Alpari International dashboard where they can open and manage different accounts, download different trading platforms, make deposits and withdrawals, view any promotions and access client support. Once the user clicks 'Open New Account' the following options appear:

From here, users can open a live trading account, a live trading account for Alpari Invest, a demo trading account and an investment account.

With Alpari Invest, traders can access the Alpari Copy Trading service where users can follow Strategy Managers of their choosing. Traders can also apply to be a Strategy Manager and earn through commission fees.

Alpari International does not provide services to residents of the USA, Mauritius, Japan, British Columbia, Quebec, Saskatchewan Haiti, Suriname, the Democratic Republic of Korea, Russia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Armenia, Moldova, Tajikistan, Uzbekistan, Turkmenistan, Ukraine and Georgia.

Deposit & Withdrawals options

'Alpari International offers a wide variety of funding options across a wide range of currencies using the likes of credit and debit cards, bank wire transfer, Neteller, Skrill, VLoad, FasaPay, Pakistani Local Transfers, Online Banking Malaysia/Vietnam/Thailand and many more.'

When depositing funds with Alpari International, there are various funding methods available. The methods are detailed on the broker's website, as shown below:

If a user is logged in to their account, they can also view additional options through selecting 'My Money' and 'Deposit Funds' tabs on the left side of the page, as shown below:

While most deposit methods are commission free, there are withdrawal fees which vary depending on the withdrawal method. These are highlighted on their website, as shown below:

Web & Desktop Trading Platforms

'Alpari International offers the globally recognised MetaTrader suite of trading platforms including MetaTrader 4 and MetaTrader 5 for Windows Desktop, as well as MetaTrader 4 and MetaTrader 5 Web Trader.'

Users can download their chosen trading platforms directly from the broker's homepage, or through the 'My Platforms' section, once logged in to their account. The following trading platforms are available:

The MetaTrader 4 trading platform offers a variety of features including:

• Access to all major trading instruments
• Multi-language customer support
• Automated Trading through Expert Advisors

The MetaTrader 5 trading platform offers a variety of additional features such as:

• MQL5 trading signals
• 21 timeframe options
• 38 free technical indicators
• Market Depth

The MetaTrader trading platforms on offer provide advantages to both beginner and professional traders due to their worldwide popularity and global community support. Alpari International also offers support in a variety of languages including English, Spanish, Portuguese, Indonesian and many, more.

Mobile Trading Platforms

'Alpari International offers the MetaTrader trading app for both Android and iOS operating systems, as well as browser-based trading through the Alpari MT4 WebTrader platform.'

Traders can download the MetaTrader 4 and MetaTrader 5 trading apps for both the iOS and Android operating systems, through their respective app stores, or through the 'My Platforms' section once logged in as a user, as the screenshot below shows:

The MetaTrader trading app offers a variety of features for traders to access their accounts on the go.

The MetaTrader 4 trading app offers:

• All order types and execution modes
• 3 types of chart views: Bars, Candlesticks and Line
• 9 different viewable timeframes
• 30 different trading indicators

The MetaTrader 5 trading app offers:

• Financial news notifications
• Netting and hedging account options
• Market Depth
• Full set of orders, including pending and stop-orders

Trading Features

'Alpari International offers additional trading options such as Alpari Copy Trading.'

Clients of Alpari International can also access Alpari Invest to follow Strategy Managers of their choosing as well as become a Strategy Manager to earn through commission fees. Users can choose the most suitable Strategy Manager for their needs and invest how much they want while having the ability to monitor their accounts in real-time through the Alpari Copy Trading app.

Commissions & Spreads

'Alpari International offers a variety of different trading accounts with varying spreads and commissions, with some accounts commission-free and some starting from spreads of just 0.4 pips.'

The trading costs with Alpari International vary depending on the type of trading account that is opened: Standard MT4, Micro MT4, ECN MT4/5 or Pro MT4. Some examples are provided below and more can be found on their website:

Standard MT4 Account

This account is commission-free with spreads starting from 1.2 pips, offering a floating 1:1000 leverage as well as swap-free accounts.

Micro MT4 Account

This account is also commission-free with spreads starting from 1.7 pips, offering a fixed 1:400 leverage as well as swap-free accounts.

ECN MT4/MT5 Account

This account is commission based and only occurs on the opening of a trade (which accounts for both the opening and closing of a trade). The account also offers floating leverage from 1:1000. While spreads start from 0.4 pips, the amount of commission depends on the account currency and are calculated per lot. For example:

• Forex & Metals = 3 USD / 2.6 EUR / 2.35 GBP / 1,095 NGN per lot
• Indices = 7 USD / 6 EUR / 5.5 GBP / 2,555 NGN per lot
• Commodities = 4 USD / 3.5 EUR / 3.15 GBP / 1,460 NGN per lot
• Cryptocurrencies = 15 USD / 12.5 EUR / 11.5 GBP / 5,400 NGN per lot

Swap-free accounts are only available on the ECN MT4 account.

Pro MT4 Account

This account offers spreads from just 0.4 pips, as well as commission-free trading and floating leverage of 1:300. However, to access these institutional grade spreads, users must maintain an account balance of 25,000 EUR / GBP or USD. Swap-free accounts are available on MT4.

Swap rates for holding positions overnight vary and can be found in the MetaTrader trading platforms.

Bonus & Promotions

'Alpari International are currently running several bonus and promotional offers.'

Alpari International are currently running several bonus and promotional offers. However, these are time-based and may change over time.

While promotional offers can be found on their website, they can also be found in the 'Promotions' section of the My Alpari dashboard once users are logged in.

At the time of writing, Alpari International are offering the following bonuses and promotions:

• The Deposit Maximiser: Limited Time Offer
• Alpari Loyalty Cashback
• Refer a Friend

Customer Support

'Alpari International offers 24 hours a day, 5 days a week - and limited times on the weekend- multi-lingual Live Chat support as well as email, phone and Telegram contact.'

Alpari International offers customer support in multiple languages including English, Spanish, Portuguese, Indonesian and many more. Clients can get in touch with Alpari International in several ways, including:

• 24/5 Live Chat (Monday - Friday)
• Weekend Live Chat (Saturday 11am to 4pm / Sunday 12pm to 8pm European time)
• Telegram App
• Email:
  • Client Support: customersupport@alpari.org
  • Account Opening: documents@alpari.org
  • Deposit/Withdrawals: operations@alpari.org
• Phone:
  • Client Support: +442 080 896 850, Mon - Fri 7am to 7pm GMT+2 / GMT+3 DST
  • Account Opening: +442 080 896 850, Mon - Fri 24 hours, Sat - Sun 12am - 8pm GMT+2 / GMT+3 DST
  • Deposit/Withdrawals: +442 080 896 850, Mon - Fri 2am - 8pm, Sat - Sun 1pm - 5pm GMT+2 / GMT+3 DST
• Post:
  • Head Office: Exinity Limited, 11th Floor, Maeva Tower, Silicon Avenue, Cybercity, Ebene, 72201, Republic of Mauritius

Research

'Alpari International does not offer any research tools.'

Alpari International does not offer any research tools on their website or within their trading platform. However, some MetaTrader platforms do offer news directly from the platform.

Trader Education

'Alpari International offers some trading education posts but overall, it is very limited.'

Alpari International have a 'Learn to Trade' tab on their website which offers two posts on the 'Beginners Guide to Trading' and 'Forex Trading Strategies' articles. However, overall the trader education offering is very limited.

Trading Experience

'Alpari International offers a variety of trading accounts that offer unique advantages to both beginner and advanced traders, as well as those interested in social trading.'

From our observations, Alpari International offers a wide range of services suitable for both beginner and advanced traders. A mixture of commission-free and commission based accounts with varying spreads and access to different amounts of leverage make Alpari International's offering quite unique.

Beginner traders have access to low minimum deposit accounts to get started, as well as access to the world's best-known trading platforms MetaTrader 4 and MetaTrader 5. Advanced traders have access to accounts which provide institutional-grade spreads through ECN Forex as well as a wider market range to trade on.

FAQ

Is Alpari International regulated?

Yes, Exinity Limited which is the business name of Alpari International is regulated by the Finacial Services Commission (FSC) of the Republic of Mauritius.

Where is Alpari International based?

Alpari International is headquartered in Cybercity, in the Republic of Mauritius.

How does Alpari International make money?

As Alpari International offers a blend of trading accounts, with some offering a Straight Through Process (STP) / ECN trading environment, the broker makes money through spreads, swaps and commissions on certain trading products and instruments.

How do I deposit in Alpari International account?

Funds can be deposited commission-free into a trading account through a variety of mediums, including credit and debit cards, Neteller, Skrill, VLoad, PerfectMoney, FasaPay, GlobalPay and Local Transfers in Pakistan, Malaysia, Indonesia, Vietnam, Nigeria, Thailand and China.

What is the min. deposit for Alpari International?

The minimum deposit varys depending on the account being opened. Micro Account = 5 $/£/€. Standard Account = 100 $/£/€. ECN Account = 500 $/£/€. Pro Account = 25,000 $/£/€.

How do I withdraw money from Alpari International?

Withdrawals can be made from logging into the Alpari International website and selecting 'My Money' from the left sidebar. Withdrawal methods include credit and debit cards, Neteller, Skrill, FasaPay and many more mediums, all with different withdrawal fees.

What is the max leverage in Alpari International?

The maximum leverage offered by Alpari International is 1000:1 and is available on the Standard and ECN Accounts.

How do I open an account with Alpari International?

An account can be opened at the click of a button on the Alpari International website, through clicking the 'Register' tab.

Does Alpari International use MetaTrader?

Yes, Alpari International does offer MetaTrader 4 and MetaTrader 5 for Desktop, Web and Mobile Trading App.

Conclusion

'Alpari International provides a wide variety of trading accounts that are suitable for both beginner and advanced traders with different leverage offerings across a wide range of asset classes.'

While research tools and trader education are limited, users have access to a free demo trading account to get started. Alpari International also offers a wide range of deposit and withdrawal methods which come with varying fees - some methods are free and some methods have fees.

Users interested in social trading also have access to the Alpari Copy Trading programme where clients can follow Strategy Leaders, or apply to become a Strategy Manager and earn through commission fees.

Alpari International offers a wide range of different trading accounts including the Micro Account, Standard Account, ECN Account and Pro Account. They also offer a Stocks Account and access to Alpari Invest for Copy Trading Accounts.

Each of these accounts come with unique benefits and advantages for both beginner and advanced traders, such as commission free trading on the Standard, Micro and Pro accounts and institutional grade spreads on the ECN accounts, along with different leverage amounts from 1:300 to 1:1000.

Clients of Alpari International can trade on multiple asset classes including Forex, Stocks, Metals, Indices, Stocks and Cryptocurrencies on the globally recognised MetaTrader 4 or MetaTrader 5 trading platforms. These are available on Desktop, Web and through a Mobile Trading App.

While research tools and educational resources are limited, users can access a free demo trading account to test out Alpari International's services.

• Full regulation from the Financial Services Commission (FSC) of the Republic of Mauritius.
• A wide range of account types offering a variety of institutional grade spreads, commission-free trading, varying leverage amounts and copy trading.
• Trade on multiple asset classes such as Forex, Stocks, Metals, Indices and Cryptocurrencies.
• Access globally recognised trading platforms MetaTrader 4 and MetaTrader 5 on Desktop, Web and on the Mobile Trading App.