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Is ALPARI one of the best Australian Forex Brokers? We conducted an in-depth review in November 2018 to find out the answer and bring it to you!


Another complete and unbiased Review from Engine Forex

Alpari first launched in 1998 and has since grown to become one of the world’s leading online Forex brokers, attracting clients from more than 150 countries.

Alpari’s head office is registered in Saint Vincent and the Grenadines.

The company has further offices in multiple regions around the globe including Russia, Ukraine, Mauritius, Belize, Georgia and Belarus.

More than 1 million clients throughout the world currently use Alpari’s services. Over the course of its 19-year history, Alpari has received numerous awards for a range of achievements including demonstrating integrity and delivering superb services.


Alpari

Our Rating

The overall rating is based on review by our experts

7.8 3.9 1
  • Reliability 7 / 10
  • Spread 9 / 10
  • Customer Service 7 / 10
  • Offers 8 / 10
  • Speed of Execution 9 / 10
  • Uptime 7 / 10

This post is also available in: deDeutsch itItaliano

Alpari - Overview

Trading Conditions

  • Max Leverage
    1000:1
  • Platform
    MetaTrader4 MetaTrader5 Alpari Binary Trader
  • Min Deposit
    $0
  • Spread
    From 0.0 Pips
  • Cuts out Dealing Desk
    Yes

Methods of deposit and offers

  • Deposit / Withdraw
    VISA , MasterCard Skrill Neteller Webmoney China Union Pay Baokim fasaPay Bank Transfer
  • Welcome offer
    100% bonus
  • Rebates Engine Forex
    Coming soon!

Extras

  • Crypto
    Bitcoin Ethereum
  • Headquarter
    St. Vincent & The Grenadines

SECURITY, MARGINS AND TECHNOLOGY

SECURITY AT ALPARI

In Summary


  • FSC regulated
  • True ECN broker
  • No dealing-desk intervention

Alpari Limited is authorized by the International Financial Services Commission (FSC) of Belize.

All clients’ funds are kept separate from the company’s and are securely stored in segregated trust accounts. Alpari guarantees that client funds are never used for operational or investment purposes.

Alpari further complies with a strict set of financial industry standards and goes to great extents to offer complete transparency to its clients.

Alpari Limited is authorised by the International Financial Services Commission (FSC) of Belize. They are not regulated by the ASIC at this point of time.

Spreads Comparison

ALPARI
90
PEPPERSTONE
100
THINK MARKETS
80
OANDA
60
IC MARKETS
100
PLUS 500
30

CHARGES AND MARGINS AT ALPARI

In Summary

  • Spread mark-up or
  • Commissions per standard lot round-turn
  • Up to 1000:1 leverage

Alpari offers the choice between six unique trading account types that have different advantages and features.

Clients can select from MT4 and MT5, True ECN, or Standard account options.

Minimum deposits range from $0-500 and customers can choose between USD, EUR, or Gold as deposit currencies.

Up to 33 currency pairs and 2 metals can be traded on all Standard accounts, while clients using the ECN account options have 46 currency pairs, 2 metals, 2 commodity CFDs, 6 commodity and index CFDs, 5 stock index CFDs, and 5 cryptocurrency CFDs available for trading.

Leverage is fixed at 500:1 on Alpari’s NANO.MT4 account while it is floating between 1000:1 and 10:1 on all other Standard account types and 1000:1 and 2:1 on their ECN account options.

Alpari doesn’t charge commissions on its Nano.MT4, Standard.MT4, Standard.MT5 and ECN.MT4 accounts. However, commissions of $16 (calculated based on the notional value of the positions equal to $1,000,000) are charged on its Pro.ECN.MT4 and ECN.MT5 accounts.

Spreads start from 0.0 Pips and are only fixed from 2.0 Pips on the nano.mt4 account type.

TECHNOLOGY

In Summary

  • Reliable trade execution
  • True ECN broker
  • MT4 & 5
  • Alpari Options & Binary Trader

Alpari’s clients can trade on the popular MT4 trading platform or its younger brother, MT5. Both trading platforms are available for Alpari Standard or ECN accounts.

Both platforms can be used with desktop computers, as mobile (Android and iOS) applications, and via web platforms that are compatible with major operating systems such as Windows, Mac OS, and Linux.

The classic MT4 platform comes with all the basic tools that millions of users have come to appreciate. The younger MT5 platform features more technical indicators, additional order types, and promises a higher performance; however, it was actually never created for the same purpose as MT4. Its focus was/is on trading markets other than Forex–stocks and commodities, for example–to allow connection to a centralized trading exchange.

Technical analysis tools, such as forecasts from ‘Trading Central’ or trading signals from ‘Autochartist’, can be implemented and employed in user’s daily trading routine.

Trading Central doesn't give trading signals per se; however, it predicts the likely direction of the market based on the current conditions.

The popular Autochartist web application on the other hand analyses charts and patterns to help predict trends and outcomes of events in the market.

Clients interested in binary trading can further choose to execute their trades on the Binary Trader or Alpari Options mobile applications, through which a number of different option types such as ‘Call / Put’, ‘Touch’, ‘Range’ or ‘Spread’ can be utilised.  

Alpari’s clients can trade on the popular MT4 trading platform or its younger brother, MT5. Both trading platforms are available for Alpari Standard or ECN accounts.

Execution of Speed Comparison

ALPARI
80
PEPPERSTONE
100
THINK MARKETS
90
OANDA
80
IC MARKETS
100
PLUS 500
70

CUSTOMER SERVICE, TRADING OPTIONS AND SPECIAL FEATURES

AN OVERVIEW OF ALPARI's CUSTOMER SERVICE AND CLIENTS

In Summary

  • 24/5 customer support
  • Global presence with large client base
  • 6 account types to choose from

Alpari’s customers can contact the support team from Monday through to Friday between 6 am and 7 pm GMT via phone, Skype, email and Live Chat.

More than 1 million consumers from over 150 countries around the globe have chosen Alpari’s services and registered a trading account with the company.

For the more serious or professional traders, Alpari offers an individual approach through which clients on the so-called ‘Premium Client Status’ can access their own personal manager and investment consultant. They further enjoy other benefits, such as additional bonuses and account deposit commission compensations, depending on their activity.

All customers can choose between six distinctly different account types that vary in leverage, minimum deposit amounts, starting spread levels and other features.

Available trading products include up to 46 currency pairs, 2 metals, 2 commodities, 6 commodity and index CFDs, 5 stock index CFDs, and 5 cryptocurrency CFDs.

Even though other forex brokers offer a larger portfolio of trading tools, Alpari’s selection of trading tools are solid and a good selection that is especially beneficial to a more targeted trading approach.

FOREX AND OTHER TRADING OPTIONS AT ALPARI

In Summary

  • 46 currency pairs
  • 5 cryptocurrencies
  • 2 metals + 2 commodities
  • 6 commodity & index CFDs + 5 indices CFDs

Alpari offers 48 currency pairs, 12 metals, 3 commodity CFDs, 10 stock index CFDs, and 2 cryptocurrency CFDs.

Traders can choose to trade on the above-mentioned options including some of the world’s top markets such as the Australian S&P 200 Index, UK FTSE 100 Index, US E-mini S&P 500, Germany’s DAX 30, Japan’s Nikkei 225 and Hong Kong’s Hang Seng 50.

At this stage, the only cryptocurrency CFDs that can be traded are Bitcoin and Ethereum.

Alpari offers leverage of up to 1000:1, 3 different funding currencies, micro-lot trading starting from 0.1 lots, and ultra-low spreads of 0.0 Pips (with an Alpari pro.ecn.mt4 or ecn.mt5 account). There is no minimum deposit requirement for the Alpari nano.mt4 account and a minimum deposit requirement of between $100 and $500 (or account currency equivalent) for all other five account types.

Commissions of $16 (calculated based on the notional value of the positions equal to $1,000,000) are charged on Alpari’s pro.ecn.mt4 and ecn.mt5 accounts. All other Alpari account types run commission free.

SPECIAL FEATURES OF ALPARI

In Summary

  • True ECN broker
  • MT4 & 5, Binary Trader & Alpari Options
  • Tight spreads & leverage up to 1000:1
  • Promotions

Alpari offers ultra-low spreads from 0.0 pips and a high leverage of up to 1000:1.

Most trading types, such as Expert Advisors (EAs), scalping, and hedging, are allowed.

Metatrader 4 and 5, Binary Trader and Alpari Options are available as trading platforms.

When using Alpari’s pro.ecn.mt4 and ecn.mt5 accounts, users can enjoy a ‘true ECN’ environment that offers lower spreads and faster execution speeds.

Clients have access to tools like Trading Central or AutoChartist, which is one of the best chart pattern recognition plugins on MetaTrader 4 and can be applied directly to the traders’ charts.

Alpari offers a special, individual client service to its ‘Premium Clients’ that grants access to a personal account and investment manager and additional interesting features such as extra bonuses or account deposit commission compensation.

Clients interested in binary trading can utilize Binary Trader or the mobile app Alpari Options and choose between a number of different option types such as ‘Call/Put’, ‘Touch’, ‘Range’, or ‘Spread’.

Alpari offers ultra-low spreads from 0.0 pips and a high leverage of up to 1000:1.

Max Leverage Comparison

ALPARI
1000:1
PEPPERSTONE
500:1
THINK MARKETS
400:1
OANDA
100:1
IC MARKETS
500:1
PLUS 500
300:1

IN CONCLUSION

Alpari is one of the world's leading online Forex brokers with a client base exceeding 1 million customers. Alpari's trading environment is well developed and its trading conditions can compete with other global players. Overall, we find Alpari's services recommendable. The only concern is the lack of licensing from major authorities such as ASIC, CySEC or FCA.