Alpari (UK) Limited Broker Review


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    Visit BrokerRisk Warning: Your capital may be at risk


    💻 Demo Account: Yes
    ⚖ Allows Hedging: Yes
    🔪 Allows Scalping: Yes
    🏢 Headquarters: London, England
    📅 Founded: 1998
    📈 Trading Platform(s): MetaTrader4, MetaTrader5, Alpari Direct, Alpari Direct Pro, Systematic, MT4 Pro Account, Q Trader, L2 Dealer, Currenex
    📜 Regulating Authority(s): FSA, CFTC, NFA, Department of Economic Development, Dubai
    💰 Minimum Deposit: $200
    📣 Maximum Leverage: 500:1

    Visit Alpari (UK) Limited
    Risk Warning: Your capital may be at risk

    $200
    Minimum Deposit
    500:1
    Maximum Leverage
    1998
    Founded

    Our Review of Alpari (UK) Limited

    Alpari UK Limited
    Company Overview

    Alpari UK is based in London. The company does operate throughout the world. In 2013, Alpari decided to liquidate its U.S. operation, for reasons most forex traders could easily appreciate.

    Alpari is one of the older online forex brokers, with a history dating back to 1998. It also offers trading facilities for precious metals, spread bets and CFDs, but for purposes of this review, it is their forex operation that will be considered.

    Account Types

    This broker does offer five different types of forex trading accounts. Complete details are available on Alpari’s well-designed website, but here is a brief overview.

    • Market-Alpari’s newest account type requires only $200 for the minimum deposit.
    • Pro-Two offerings, one with a $10,000 minimum deposit and the other requiring $20,000. At the higher level, traders are offered two additional trading platforms, known as Alpari Direct Pro and Alpari Direct.
    • Spread Betting Account-£250 minimum
    • MT5-$200 minimum and includes use of the MetaTrader 5 trading platform.

    All of the accounts have some common characteristics. With the exception of the higher funded of the two Pro accounts and the MT5 account, MetaTrader 4 is the trading platform. All the account offer at least 37 currency pairs, with four of the five providing 57-59 pairs.

    Commissions and Spreads

    Alpari promotes spreads of as low as zero pips. This claim is denoted with an asterisk and further information that spreads will be higher in mainland China and the Middle East. There is also indication on the website that the MT5 account may have commissions imposed upon it at some point in time.

    Alpari is a No Dealing Desk (NDD) broker, meaning that it does not re-quote currency prices when a trader attempts a transaction. They also function as an Electronic Clearing Network (ECN), matching buy and sell orders rather than acting as a counter-party, as is the case with a Market Maker broker.

    Trading Software

    Many traders are experienced with the MetaTrader 4 platform, so establishing an account with Alpari will not require a sharp initial learning curve. Users of the Alpari Direct Pro and Alpari Direct platforms are generally favorable in their remarks. At some time, it would be conceivable that Alpari will introduce a simple proprietary platform for new traders, as some can find MetaTrader 4 initially intimidating. They have mobile apps for Apple and Android devices that are well designed for small screens.

    Deposits and Withdrawals

    Forex trading accounts can be funded with all major credit and debit cards. Alpari UK also accepts Switch, Maestro, Visa Electron and 3D Secure authenticated Visa/MasterCard UnionPay cards. NetTeller and Skrill deposits are also acceptable.

    Accounts can also be funded by bank wire transfers and check.

    Regarding withdrawals, the only method Alpari seems to offer is bank wire. This places them behind many other brokers that offer several withdrawal options, especially when it is common practice for banks to charge fees for wire transfers.

    Customer Support

    Customer support is given more than adequate attention at Alpari. Customer service representatives can be accessed via telephone, email and live chat.

    There are considerable trading and training resources available on the Alpari UK website. There are articles, video tutorials and webinars, along with a helpful section for new traders regarding the MetaTrader 4 platform. There is also a section devoted to the use of Expert Advisors (EA) for purposes of engaging in automated trading.

    Alpari also provides resources pertaining to research and trading tools, along with forex news related to daily analysis throughout trading sessions and upcoming economic events.

    Regulators and Safety

    Under the Financial Services Act of 2012, regulatory authority of Alpari was switched from the Financial Services Authority to the Financial Conduct Authority. Alpari has a reputation for compliance and even takes measures to exceed the base requirements, so traders can have reasonable confidence in the financial stability and business practices of the company.

    Leverage

    It is possible to obtain leverage of as high as 500:1. This is reduced to 200:1 on trades above certain limits, a practice Alpari describes as floating leverage, however, the larger Pro account and the MT5 account do not have this feature.

    Sign Up Bonuses

    Alpari’s website does mention a promotion where a new account could qualify for up to $4,000 on certain accounts, but this section of the website is dated 2011. It does not appear at this time as though there are any current promotions of any kind. At any rate, choosing a broker on this criterion alone is probably not in anyone’s best interests, since there are usually some fairly convoluted terms and conditions involve with such offers.

    Conclusion

    Alpari’s longevity and generally positive perception by clients would seem to indicate that they are a forex broker deserving of careful investigation. They seem to be constantly innovating in the attempt to appeal to as many potential traders as possible, which is indicative of a vibrant, substantial business.


    Visit Alpari (UK) Limited's Website

Company Information
Broker's Name
Alpari (UK) Limited
Headquartered in
London, England
Year Founded
1998
Regulating Authority
FSA, CFTC, NFA, Department of Economic Development, Dubai
US Clients Accepted
No
Telephone Number
44 20 7426 2890
Fax Number
44 20 7426 2801
E-Mail Address
sales@alpari.co.uk
Account Options
Type of Broker
STP, Non-Dealing Desk
Commission
Yes
Mini Account
Yes
VIP Account
Yes
Segregated Account
Islamic Account (Swap Free)
Demo Account
Yes
Institutional Accounts
Yes
Managed Accounts
Yes
Maximum Leverage
500:1
Minimum Deposit
$200
Deposit Options
Credit Card, Debit Card, Bank Wire, Check
Withdrawal Options
Bank Transfer
More Instruments
Metals
Yes
Oil
Yes
Gold
Yes
Indices
Yes
Stocks
Yes
Commodities
Yes
ETFs
CFDs
Yes
Trading Platform
Platform Type
MetaTrader4, MetaTrader5, Alpari Direct, Alpari Direct Pro, Systematic, MT4 Pro Account, Q Trader, L2 Dealer, Currenex
Platform Languages
Multilingual
OS Compatibility
Microsoft Windows, Mac OS X 10.4 (Tiger)
Streaming News Feed
Yes
Charting Package
Yes
Trading Signals
Yes
Automated Trading
Yes
Trade From Charts
Yes
Market Commentary
Yes
E-mail Alerts
Yes
Mobile Alerts
Yes
Scalping
Yes
Hedging
Yes
Trailing Stops
Yes
Guaranteed Stop Loss
Yes
Guaranteed Limit Orders
Yes
Guaranteed Fills
Yes
Interest on Margin
One-Click Execution
OCO Orders
Yes
Mobile Trading
Yes
Web-Based Trading
Yes
Customer Service
Customer Support Languages
English, German, Chinese, Japanese
Customer Service Hours
07:00 - 22:00 (UK time) Monday - Friday
Place Trades Over the Phone?
Yes
Bonuses & Rewards
No Deposit Bonus
No
Bonus for First Deposit
Yes
Is the Bonus Based on the Volume of the Transaction?
Yes
Other Bonuses
Yes


English
Our Rating: 
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Broker Type: 
Forex

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