Alpari – binary options, forex, CFD and Etf trusted broker review

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Alpari – review of leading binary options, forex and PAMM all in one super reliable trading platform

✅ This Trading Platform is available in Russia

Many well-known analysts believe that the Forex market has become the main stimulus for the development of online trading, as well as a rapid increase in the number of brokers and traders in the global financial market. The former provide access to financial assets, while the latter earn them. The convincing proof of this statement is one of the oldest not only in the CIS, but all over the world, the online trading platform Alpari, which began its activity as a forex broker (!), Gradually increasing the number of services provided. Even today, the foreign exchange market is one of the priority activities of most well-known brokers.

Forex, in fact, is the largest financial market in the world. And this, testifies to the fact that it is this trading platform is choose of millions of traders day by day. Therefore, you should pay attention to the Alpari that provides excellent services for trading on Forex.

Alpari has managed to conquer of the Forex market since it was founded in 1998. Currently Alpari remains at the peak of his popularity for quite a long time and is a leader in the various Forex brokers ratings. Also Alpari is a frequent sponsor and partner of the sports and charity events.

Today Alpari is the world’s leading brand, which successfully offers its services to work with financial markets for 18 years. It unites several companies at once, thereby providing access to the international interbank currency market all around the world – Europe, Asia, the USA and New Zealand.

Currenex and Integral are the main liquidity providers of Alpari. Moreover, the clients lists of these liquidity providers accommodates Bank of America, Bank Paribas, Barclays, Deutsche Bank, Commerzbank, Sucden Financial, UBS and others.

Therefore, Alpari is a very popular platform, which is evidenced by the its work with millions of clients from 150 countries. It is truly the largest Forex broker, in terms of the number of its customers and the volume of trading operations. The status of Alpari is defined as the “Largest MetaTrader-broker”.

The process of trading with Alpari is represented by Internet trading, as well as the execution of trade orders by phone. Trader is offered to open the following types of accounts: Alpari.binary, Nano.mt4, Standard.mt4, Ecn.mt4, Pro.Ecn.mt4, Ecn.mt5, Pamm.standard.mt4, Pamm.ecn.mt4, Pamm.ecn.mt5, Pamm.pro.mt4.

All the above information indicates that the considered trading floor is a reliable and time-tested project (20 years is a participant in the global financial market). But, despite the convincing facts, the network often meets reviews and comments, the authors of which argue that the resource Alpari is created to deceive honest traders. If you still have doubts about this, be sure to study the full description of the trading platform, and pay special attention to organizations that control the activities of the broker.

Regulators of Forex broker Alpari

The availability of licenses and ensuring the regulation of the broker’s work are quite deservedly considered as one of the main indicators of the reliability of the trading platform, regardless of what opinions about it are posted on specialized web resources. The activities of Alpari are regulated by:

• Financial Futures Association of Japan (Japan).

• Cyprus Commission on Exchanges and Securities (CySEC – its license is valid in almost all European countries).

• The CFTC is an American government commission and the NFA is a self-regulatory organization in the field of finance (the US, few brokers can “boast” of providing services to users from states).

• Dubai Multi Commodities Center (UAE).

• ALPARI NZ LIMITED (New Zealand).

The aforementioned organizations not only help to resolve disputed situations between participants in online trading, they also provide a guarantee for traders in terms of fulfilling their financial obligations by brokers.

The main trading conditions and opportunities of Alpari

Anyone who has decided to register an account on the submitted trading platform must first examine the following information about Alpari:

Regulated – KROUFR, FSFR, CFTC, FSA, NFA

Trading platform – BinaryTrader, MetaTrader 4, MetaTrader 5

Minimum deposit – none

Demo account – YES

Trading instruments – 75 options: currency pairs, binary options, spot metals and CFD for oil

Investing – Structured products, PAMM-accounts, PAMM-portfolios and investment funds

Credit leverage – maximum 1: 1000

Deposit and withdrawal of funds – bank transfers, plastic cards, internal transfers, payment terminals and systems

Minimum transaction size – no restrictions.

Account currencies are Russian ruble, euro and US dollar.

There is an affiliate program.

Alpari Review

Forex and CFD traders looking to leverage the power of MetaTrader platforms choose Alpari for its long-standing brand history, numerous offices, and range of account types and diverse managed account offering for investors.

Review Sections:

Please Note: Alpari was not included in the 2020 annual review. As a result, this broker’s ratings may be outdated. Read our Best Forex Brokers 2020 guide for a look at the top rated forex and CFDs brokers.

Founded in 1998, the Alpari group of companies has a long history in the retail forex trading industry as an early pioneer in offering the Metatrader platform suite, including the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software.

Today, the Alpari brand offers traders access to nearly 50 forex pairs and nearly 30 CFDs on indices, commodities, precious metals, and on Bitcoin. The broker provides managed account investors with PAMM funds, structured products, and social-trading via the Signals Market on Metatrader.

The Alpari group of companies have multiple entities that use the Alpari brand that are regulated in different emerging and offshore regulatory hubs with offices in Russia, Ukraine, Belarus, Kazakhstan, Uzbekistan, Moldova, and Mauritius. Two of Alpari’s entities in Russia were licensed by the Central Bank of Russia (CBR) up until the end of January 2020 after the CBR banned numerous FX brokers. In Belarus, the brand has an entity authorized by the National Bank of the Republic of Belarus.

Its other offshore entities include Alpari International Limited which maintains licenses with Belize’s Financial Services Commission (FSC), and the Financial Services Authority (FSA) of St. Vincent and the Grenadines under the same entity name (Alpari Limited) which is a member of the Financial Commission, a Hong Kong-based EDR for forex.

Is Alpari Safe?

Alpari is considered high-risk, with an overall Trust Score of 69 out of 99. Alpari is not publicly traded and does not operate a bank. Alpari is authorised by zero tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). Learn more about Trust Score.

Regulations Comparison

Feature Alpari
Year Founded 1998
Publicly Traded (Listed) No
Bank No
Tier-1 Licenses 0
Tier-2 Licenses 0
Tier-3 Licenses 1
Trust Score 69

Offering of Investments

The following table summarizes the different investment products available to Alpari clients.

Feature Alpari
Forex: Spot Trading Yes
Currency Pairs (Total Forex pairs) 48
CFDs – Total Offered 16
Social Trading / Copy-Trading Yes
Cryptocurrency traded as actual No
Cryptocurrency traded as CFD Yes

Commissions & Fees

The commissions and fees at Alpari vary depending on the account type and platform used. For example, in the ECN.MT4 account, average spreads on the EUR/USD were listed as 0.8 pips by Alpari, whereas spreads on the NANO.MT4 account were 2.0 pips for the EUR/USD pair.

Aside from the nano account, which has no minimum deposit requirement, the other accounts can be opened with amounts ranging from $300 to $500, and the execution method may also vary across account types, depending on the account opened. An example of differences in average spreads across account types, among other differences, can be seen in the excerpt below from Alpari:

In addition, Alpari offers commission-based pricing on its PRO ECN MT4 account, and ECN MT5 accounts, added to average spreads of 0.6 and 0.3 pips, respectively for the EUR/USD. The commission rate of $16 per million or $32 round-turn (0.32 pips) brings the all-in cost to 0.92 and 0.62, respectively, on the PRO ECN MT4 and ECN MT5 accounts.

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These account types also provide a greater range of tradable instruments, including ten-stock index CFDs and three commodity CFDs, in addition to nearly 50 forex pairs. The ECN MT5 account is the most competitive of Alpari’s account offerings, in terms of the all-in cost for commissions and spread fees to trade (using the above example).

Feature Alpari
Minimum Initial Deposit $100.00
Average Spread EUR/USD – Standard 0.92
All-in Cost EUR/USD – Active 0.82
Active Trader or VIP Discounts Yes

Customer Service

For our 2020 Forex Review, 129 customer service phone tests were conducted over three months. The data collected is institutional grade. On average, three questions were asked for each test. To score each test, the tests were divided into three separate groups and scores were given for the time taken to connect with each support representative and the ability of each representative to professionally (and thoroughly) answer each question. A Net Promoter Score was also given for the overall experience.

Results:

  • Average Connection Time: th (43 brokers)

Research

Alpari integrates research content from several third-party providers under its Forex Analytics section, including online videos from Trading Central TV, signals from AutoChartist and Trading Central, headlines from FxWirePro, and an economic calendar and global interest rates from FxStreet.

Alpari complements its research offering with content from its in-house team of analysts, covering fundamental and technical analysis posted on its website as daily blog updates, and daily videos on the Russian version of its YouTube channel.

The company’s UK-based research house, Alpari Research & Analysis, provides content in the form of published market analysis articles and videos and holds live seminars from time to time in different parts of the world.

Overall, Alpari has as a good range of research slightly beyond the bare minimum by industry standards, and a good range of third-party content, including a comprehensive list of definitions of macroeconomic indicators organized neatly to help keep its clients informed.

Feature Alpari
Daily Market Commentary Yes
Forex News (Top-Tier Sources) Yes
Weekly Webinars Yes
AutoChartist Yes
Trading Central (Recognia) Yes
Delkos Research No
Social Sentiment – Currency Pairs No
Economic Calendar Yes

Platforms & Tools

Alpari is a MetaTrader-only broker. This means it offers the suite of platforms from MetaQuotes Software Corporation, developer of the widely popular MT4 and MT5 platforms for desktop, mobile, and web. To learn more about MT4 and MT5, read our guide to MetaTrader.

While MetaTrader 4 and MetaTrader 5 come standard with little that varies from broker to broker on the surface of the platform, there can be significant differences in how the platform is set up when it comes to account types, trading spreads and commissions, the available execution method, and other tools, and reporting features that can affect your trading experience.

Here is a summary of the differences in features between Alpari’s MetaTrader platform setup and other brokers’ MetaTrader experience:

  • Spreads in MT4 and MT5 vary for the same instruments (i.e., EUR/USD) based on account type
  • Commission & Fees vary, based on account type and platform chosen
  • News headlines in the platform are streamed from Dow Jones Newswire

And to round off its Metatrader offering, Alpari has a wide variety of funds for investors from its Percentage Allocation Money Management (PAMM) offering, where users can choose to allocate money to PAMM managers and structured PAMM Portfolios.

Feature Alpari
Virtual Trading (Demo) Yes
Proprietary Platform No
Desktop Platform (Windows) Yes
Web Platform Yes
Social Trading / Copy-Trading Yes
MetaTrader 4 (MT4) Yes
MetaTrader 5 (MT5) Yes
cTrader No
Charting – Indicators / Studies (Total) 51
Charting – Drawing Tools (Total) 31
Charting – Trade From Chart Yes
Watchlists – Total Fields 7
Order Type – Trailing Stop Yes

Mobile Trading

The native versions of the mobile app for MetaTrader 4 and MetaTrader 5 are available for Android and iOS devices straight from the developer. To learn more about Metatrader mobile app, read our guide to MetaTrader.

Feature Alpari
Android App Yes
Apple iOS App Yes
Trading – Forex Yes
Trading – CFDs Yes
Alerts – Basic Fields Yes
Watch List Yes
Watch List Syncing No
Charting – Indicators / Studies 30
Charting – Draw Trend Lines Yes
Charting – Trend Lines Moveable No
Charting – Multiple Time Frames Yes
Charting – Drawings Autosave No
Forex Calendar No

Other Notes

Alpari lets clients convert their deposit to an equivalent in Gold (GLD), where their account balance will be denominated in units of GLD, and where the underlying fluctuating price of gold will have a subsequent effect on the value of their balance when converting back to a base currency. This provides traders with more ways to have their account balance denominated in other assets beyond the typical major currencies offered.

It’s worth noting that when users register for a demo account trial, a live account will also be created along with a set of credentials to login to the myAlpari web portal for account management. The customer agreement will be with Alpari’s Belize-regulated entity or with its entity that is FSA-registered in St. Vincent and the Grenadines, depending on where the account is established.

In early May 2020, Alpari announced the addition of several new currency pairs and precious metal CFDs, including the USD/TRY, EUR/TRY, GBP/TRY, and TRY/JPY pairs, as well as Gold and Silver versus the EUR, GBP, and CHF (a total of six new metals instruments).

Lastly, in 2020 Alpari also launched CFDs on cryptocurrency, with Bitcoin being its first available product thus far. Clients can open a maximum trade size or position of 30 bitcoins at a time with zero leverage available (i.e. 100% margin required).

Final Thoughts

Alpari has done a great job streamlining the signup process so users can easily select from the five available account types during the registration process. With three different account options for MT4 and two for MT5, traders have plenty of choices when considering the range of markets, execution type, and applicable spreads to access at Alpari.

It would be beneficial to see Alpari acquire another regulatory license in a major financial center, despite the broker having entities regulated in large jurisdictions such as Russia. Alpari used to have a US-regulated entity and a UK-regulated entity in the past, although the former was closed as the US forex market consolidated, and the latter was one of the unlucky victims of the Swiss Franc anomaly in 2020.

Overall, Alpari delivers for traders that place high value on having access to some of the lowest margin requirements for forex, competitive spreads on several of its account types, and access to PAMM managers and portfolios to help the firm cater for self-directed and passive investors. The arrival of cryptocurrency CFDs is also a net positive for Alpari.

Methodology

For our 2020 Forex Broker Review we assessed, rated, and ranked 43 international forex brokers. Each FX broker was graded on 140 variables. Learn more.

Forex Risk Disclaimer

“There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses.” Learn more.

Alpari

Alpari are no longer trading. For a list of alternative brokers, and full comparison reviews, visit our brokers page.

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Alpari Archive Review

Better known as an online forex platform, Alpari have recently ventured into the world of binary trading. Now apart from being able to trade forex and CFDs, traders can now also try their hand at binary trading with this award winning broker. The binary offerings were made possible through a partnership agreement between Alpari and Binary Products Ltd to allow Alpari traders access to this exciting line of products. Trading of binary options is done on a MarketsPulse powered trading platform, a leading independent provider of online binary trading platforms.

The Trading Platform

At first glance, the Alpari Binary platform is looks really crisp. The interface is well designed with all relevant trading information on hand. Prices are quoted with five decimal places with the last three digits significantly enlarged to emphasize their importance. We all know how easy to miss changes in prices when everything is denoted with small numberings. By doing this, Alpari help to ensure that traders don’t trade by mistakes as prices are constantly being updated in real time.

The trading platform can also be displayed in different layouts. However, Alpari binary trading platform is one up from all the rest as they also provide a layout which can display up to 16 assets at one time! So far, only Alpari has this type of layout format.

Actual trading is also fast and efficient with minimal number of steps required. Once a trader has decided to trade, a separate window will pop up on the screen requiring the trader to “Apply” or “Cancel”. Again, this helps to avoid accidental trades.

There are two main types of trading contracts offered by Alpari, High/Low options and Pair trading.

Although the trading types are rather limited here, this type of options can be traded with different expiry time frames. Time frames can be based on:

This is a relatively new type of binary trading that is currently offered by just a handful of binary brokers in the industry. The idea is to pit one asset against another and see which one wins.

For existing clients of Alpari UK, they can just activate the binary trading account through their “MyAlpari” dashboard. New clients however, have to go through a different process. They have to first fill out an application form and submit it to Alpari. Upon submission, the new client will be given access to the MyAlpari account management tool where supporting documents can be uploaded to. Upon verification of the documents, traders will be advised of their account number, login and password by Alpari.

Take note that the minimum initial deposit needed is $/£/€/A$/S₣100 or ¥10,000.

On average, the payouts offered by Alpari are around 80%. At present, there is no mention of any rebates for out-of-the-money trades.

Currently, Alpari have 50 underlying assets for traders to choose from. They include 10 types of commodities, 16 types of currency pairs and 24 types of indices.

  • COFFEE
  • CORN
  • GOLD
  • GOLD VS EUR
  • GOLD VS SILVER
  • OIL
  • PLATINUM
  • SILVER
  • SUGAR NO 11
  • WHEAT
  • AUD/CHF
  • AUD/NZD
  • AUD/USD
  • EUR/AUD
  • EUR/CAD
  • EUR/GBP
  • EUR/JPY
  • EUR/USD
  • GBP/CHF
  • GBP/USD
  • NZD/JPY
  • NZD/USD
  • USD/CAD
  • USD/CHF
  • USD/JPY
  • USD/ZAR
  • ASX
  • BOVESPA
  • CAC
  • DAX
  • DOW
  • EURO STOXX
  • EURO STOXX VS FTSE
  • FTSE
  • HANG SENG
  • IBEX
  • MICEX
  • NASDAQ
  • NIKKEI
  • RTS
  • S&P
  • S&P VS NASDAQ
  • SHANGHAI COMPOSITE
  • SHENZHEN
  • SMI
  • SSE
  • TADAWUL
  • TOPIX
  • US DOLLAR INDEX
  • VIX

Alpari has always been known for its top notch customer support. With their binary platform, the quality of service is no different. To reach the support team, traders can do so by:

Do take note that the service is only available from 07:00-22:00 (UK time) Mon-Fri. Only the forex dealing desk has 24/6 service.

Having established a reputation as being a credible and trustworthy forex broker, traders should have no concerns about dealing with Alpari. In addition, trades can take comfort knowing that Alpari UK is regulated by the Financial Conduct Authority (FCA). This mean they have to meet with strict regulatory requirements to operate from the UK.

  • Award Winning Broker
  • Expert Support
  • Free Education
  • Global Broker
  • Protected Funds
  • Asset Index should be expanded
  • Limited trade types

Alpari has always strived to provide the highest quality of service to their clients. Although they are new to the binary trading scene, their corporate philosophy has never changed. This is apparent from the way they conducted their business even with this new platform. In my opinion, it’s good to be able to trade binaries with a leading long established broker like Alpari.

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