Alpari Broker Review 2020

Alpari Review - Everything you need to know

Welcome to the topic “Alpari Broker.” In this review, we will cover every single thing about “Alpari Broker” and will enlighten you about If the place is real or scam.

So, without wasting any time, let’s get started!

• Regulated by: FSC
• Headquarter: Mauritius
• Founded: 1998
• Minimum Deposit: $5
  
  

“Today, they are offering more than 50 Forex Paris, 30 CFDs, Commodities and Metals”

All the services that Alpari Broker is offering suits both Beginners and Professionals; you can choose between ECN and Pro Account.

According to the Forex Broker, they have a trust score of “69/100” and considered as the “High-Risk Platform” for the trading investors. Also, they aren’t publicly traded and they have any bank that they operate.

Enough of the introduction, right?

Let’s now move towards the basics of “Alpari Broker” and see what they have to offer to the beginners and professionals.

Here we go!

Regulations & Licensing of Alpari Broker

Alpari is one of those brokers that are considered safe for Forex Trading and CFDs. They have a great history, and they are regulated by the CySEC and FSC. You can check the license number of Alpari Broker on FSC by entering this license number “C113012295.”

Also, they protect your account from going to the “Negative Balance,” and if the market somehow goes against your Forex strategies, you won’t be facing any negative balance.

Account Types of Alpari Broker

There are two types of accounts that Alpari Broker is dealing with:

• Standard Account
• ECN Account

We will talk about each of the accounts in detail. So, let’s get started!

Standard Account

Now, let’s talk about the other account type that Alpari Broker is offering:

ECN Account

Alpari's Trading Platform

So, basically, Alpari Broker is offering two types of Trading Platform to start your trading with:

• MetaTrader 4
• MetaTrader 5

You can download both the platforms by Clicking Here. Additionally, you can download different versions of the trading platform to use on your different devices such as:

• MT4 and MT5 for IOS
• MT4 and MT5 for Windows
• MT4 and MT5 for Android
• MT4 and MT5 for Ipad
• MT4 and MT5 for Web Trading

With Alpari Broker, you can now trade on any device, and you won’t find any problem.

Let’s now head towards the critical information linked with the Alpari Broker and enlighten you about “What Alpari Broker has to offer you.”

The spread of Alpari Broker

Every account type has a different spread and that too for “Different Reasons.” For instance, the spread for the “Beginner and Pro” account is different. You can utilize the spread in your own way.

Now, there are two types of accounts that Alpari Broker is offering to us. Let’s break the spread and the names of account down below:

• Standard Account (Standard Account spread starts from 1.2, and for the Micro Account, the spread is 1.7)
• ECN Account (Forex ECN Account Spread Starts from 0.4 pips and for the ECN Pro Account, the spread is 0.4 pips as well)

So, that’s all from the spread section of the Alpari Broker, let’s now move towards the execution time.

Executions of Alpari Broker

Well, there are two types of executions that Alpari has to offer to their customers:

• Market Execution
• Instant Execution

Instant Execution is valid only for the Standard Accounts, whereas ECN Accounts can deal with the Market Executions.

Commission/Fee of Alpari Broker

Commission and Fee in Alpari Broker are completely dependent on which type of account you’re using. To make you understand things more clearly and easy, we have posted a screenshot below:

Additionally, the Commission/Fee of Alpari Broker is completely dependent on which account type you use.

Let’s now move towards the Customer Service of Alpari Groups.

Customer Service

The Customer Service of the Alpari Broker is second to none, and guess what?

People are happy with the Customer Service. On asking the question from more than 130 users about “How’s the customer service of Alpari Broker?” We have collected some data, and we are glad to share it with you:

• You get your reply in less than a minute
• Average Net Promoter Rating: 6.33/10
• Average Professionalism Rating: 5.22/10
• Overall Rating: 6.2/10
• Broker Standing: (26th out of 43 Brokers)

If you want to contact Customer Services, there are several ways of doing that:

• Live Chat
• Telegram

Let’s now move towards the opening of the account and see “Is it easy to open an account on Alpari Broker or not.”

Here we go!

How to open an account on Alpari Broker

Opening the account is super easy, and all you’ve to do is to follow the steps that we are breaking right now, and you’re done.

Here we go!

1. The first step is to head towards the official website of Alpari Broker by Clicking Here
   
   
2. Once you reach the official website, you’ve to click on the Register Button like shown in the screenshot below:
   
   
   
3. Upon clicking, you’ll be redirected to the registration page and here’s the first look of the registration page:
   
   
   
4. Now enter all the information they asked you to enter, and then they will send you a pin on your Phone or Email. Enter that pin in order to process the things further.
   
   
5. Now, the next step is checking the two boxes in order to accept their “Terms of data transfer policy.” Check the two boxes and then click on the Register Now button
   
   

You’re done!

The account shall be created without taking any time, and in the next step, you can easily choose the account type that you want to go for.

Isn’t the account opening easy? Let’s now move towards the pros and cons of Account opening.

Now, the biggest question that hit our mind is, “How to withdraw the payment from the account?” And to answer this question, we have completed our research work. Read the instructions below:

How to deposit/withdraw profit money

There’s good news for you, and that is, “You don’t have to pay for depositing and withdrawing the money,” and there are hundreds of ways of doing that.

Let’s talk about it!

1. The first step is to log in to your Alpari Account
2. Head towards the withdraw/deposit option from the main menu
3. Then enter the details and choose the payment method that you want to use
4. Click on submit request button

You’re done

There are different payment gateways that Alpari Broker is offering to you for deposit/withdrawal of your payments. Look at the screenshot below:

It’s time to compare the Alpari Broker with “fxtm.com” and help you choose the perfect fit for you.

Alpari vs. FXTM

This is the most awaited comparison because a lot of people were asking for it, and guess what? We have completed our research work on the topic.

So, without wasting any time further, let’s rock and roll!

So, this is a brief comparison between the two giants, and now it’s time to talk about the trading platforms in detail.

Which Alpari Trading Platform is Best?

There are two types of trading platforms that Alpari Broker is dealing with:

• MetaTrader 4
• MetaTrader 5

Let’s break down the benefits of all:

MetaTrader4

• User-Friendly Features
• Access to all the major Forex trading features
• Different Language Support
• Multi-Currency Support
• Automated Trading

MetaTrader5

• MQL5 Trading Signals
• 38 Technical Indicators and 21 Time Frames
• 4 Execution Modes
• Market Depth, Hedging and Netting Availability

You can now choose the platform that fits your needs. And if you want to download the platforms, you’ll find the download button Here.

Now, let’s move towards the advantages and disadvantages of Alpari Broker to wrap the things off.

Advantages & Disadvantages of Alpari Broker

There are few mainstream advantages and disadvantages that we thought we should discuss with you. Here they are:

Advantages

• Alpari is licensed in different countries: Russia, Belize, Mauritius, St. Vincent and Grenadines
• They have a great collection of MT4 and MT5 account types
• They are the first ones who launched CFDs on Bitcoin
• They are the member of EDR Organization (External Dispute Resolution)

Let’s now head towards the disadvantages:

Disadvantages

• They have great content on the Russian version of the website when compared with English website
• They have a limited range of instruments for the CFDs

So, these are the advantages and disadvantages that are linked with the Alpari Broker, and we are hopeful that the above-given information will add value to your selection.

Before we say goodbye to you, let us discuss “Bonuses, Promotions, and Contests.”

Here we go!

Bonuses, Promotions, and Contests

Alpari is offering a 100% bonus for the new customers so that they can start trading happily. There are a few rules and instructions that you need to follow in order to enjoy the bonus:

• The Bonus offer will expire on 2nd of September 2020
• You can make a deposit and earn a 100% Bonus
• The Bonus will be transferred to your account only if you deposit more than $100
• You can’t withdraw the bonus until you earn some money from it through trading
• The maximum amount of bonus you can get is $3000

So, that’s all from the bonus side, and now it’s time to go to the promotion.

Yes, they are offering a promotion named “Refer to your friend” and earn up to $10,000. Every time you refer this platform to your friend, you’ll get $50 to your account. You can withdraw this money, and it will be available for withdrawal within 7 days.

Currently, there is no contest going on, and if we found one, we will surely update you with everything.

That’s all from the topic “Alpari Broker,” and do let us know which account type are you going to use and why?