Alpari Review & User Rating 2021
Alpari International is a Forex brokerage firm whose parent company, Exinity Limited is registered with the Financial Services Commission (FSC) of Mauritius. The broker offers a catalogue of over 250 tradable financial products.
These financial assets include currencies, stocks, indices, and even cryptocurrencies. The aim of this guide is to highlight essential details about the brokerage firm so that you will be able to decide if it is the best for your trading needs.
Alpari is a registered broker. Its parent company is licensed by the Financial Services Commission (FSC) of the Republic of Mauritius. Although it is not publicly traded like some other brokerage firms like IG Group and FXCM Inc., Alpari offers reasonable investors’ protection and coverage nevertheless.
For example, the company adheres to the standard practice of segregating clients’ funds. As a result, Alpari itself does not have access to the funds of its clients. This type of arrangement ensures that the risk of clients’ funds mismanagement is eliminated.
What is more, is that Alpari also offers its clients the benefit of negative balance protection. That is, no matter how many losing trades you have as a client of Alpari, you cannot lose money beyond your deposited amount.
Alpari has top-notch trading conditions. First, the broker supports both the MetaTrader 4 and MetaTrader 5 trading platforms and offers both to its clients. These are industry-standard trading platforms which have gained the acceptance of millions of traders across the world. They are available in both web and mobile forms.
Alpari’s catalogue of over 250 tradable products is indeed a comprehensive one. These products range from currency, stocks, precious metals, and indices to cryptocurrencies. Moreover, interestingly, when you use Alpari, your trades will be routed directly to the interbank market via its Straight Through Processing (STP) protocol.
Alpari also has a social trading program. This program enables traders to copy the trades of expert and profitable traders who have a proven track record of success. If you are a newbie trader especially, you can use this arrangement to minimise your losses, optimise your gains, and learn along the way.
Alpari’s trading costs and leverage offerings vary with account types. For example, the broker charges commission only on ECN MT4/5 accounts. However, the maximum leverage floating on Standard MT4 and ECN MT4/5 is 1:1000 while for the Micro MT4 and ProMT4 account types, it is 1:400 and 1:300 respectively.
Deposit and Withdrawal
Alpari provides its clients with a wide array of methods for depositing and withdrawing their funds. The broker supports:
- E-wallets such as WebMoney, Perfect Money, Bitcoin, Neteller and Skrill
- Credit and Debit cards (Visa and MasterCard)
- Wire Transfer, and more
These provisions ensure that no matter your desired method, you will find a fit. However, you should note that as stipulated by standards, your deposit method must be the same as your method of withdrawal.
Alpari has a 24/7 customer support service. The multi-lingual service is provided via email, live chat and social media. The live chat is available 24/5 from Monday to Friday and on Saturday and Sunday within some defined hours.