Alpari Broker

Positive Points of Alpari Broker

• Affordable starting spreads are available for all account types.
• Direct market access without re-quotes.
• Strategy managers can share strategies with others via Alpari CopyTrader.
• Negative balance protection is included in all accounts.
• Membership in the Financial Commission’s compensation fund.

Negative Points of Alpari Broker

• Stock trading is only available for professional account holders.
• Limited educational resources.
• Lack of a dedicated platform.

Comprehensive Overview of Alpari Broker: 5 Unique Features of Alpari

Choosing an ideal and reliable broker has always been one of the main challenges for traders and investors in the Forex market, especially for Iranian users who face many difficulties due to existing restrictions when selecting a trustworthy broker. Alpari is one of the most experienced and well-known Forex brokers, hosting numerous traders from Iran daily.

With a variety of trading accounts, robust support, and diverse services, Alpari has established itself as a suitable broker for Forex market participants. Due to its special services for Iranian users, it has become one of the best and most popular brokers. In this article, we provide a comprehensive introduction and review of this broker, outlining its key features.

Introduction to Alpari Broker

Alpari, a brand founded in 1998, has over two decades of experience providing services to traders and investors in 150 countries. It has become one of the most reputable online brokers globally. In 2017, Alpari International’s trading volume reached $1.3 trillion, highlighting its top position in the global financial industry.

Since its establishment, Alpari International has attracted over 2 million clients worldwide. This credibility and significant number of clients demonstrate the quality and trustworthiness of the services it provides.

The company’s low-cost approach and fast execution have made its platform a prominent destination for investors looking to trade various products in global financial markets.

By offering industry-standard platforms like MetaTrader 4 and more recently MetaTrader 5, Alpari International provides a comfortable environment for professional traders.

Additionally, Alpari’s CopyTrader feature is a thoughtful addition for investors who prefer a more passive approach to managing their capital and for fund managers looking to share their strategies and earn performance incentives for positive results.

Despite a turbulent history, Alpari Broker continues to provide its services with strength.

Where is Alpari Broker Located?

Alpari is an international company headquartered in SVG (Saint Vincent and the Grenadines) and Mauritius. Previously, it had a branch in Russia, but currently, it holds multiple regulatory licenses to provide global services. These include licenses from the Financial Services Authority in Saint Vincent and the Grenadines and the International Financial Services Commission in Belize.

Moreover, Alpari is a member of The Financial Commission, an international organization that resolves disputes in the financial services industry within the Forex market.

Alpari’s Trading Instruments

Alpari’s trading offerings include Forex currency pairs, spot trading of precious metals, CFDs (Contract for Difference), along with cryptocurrency trading and binary options.

Additionally, there is a choice between execution models, as Alpari offers two types of order execution: standard execution, where the company aggregates all clients’ positions and processes them based on current prices through instant execution, considered by experts as a good opportunity.

Alpari’s trading instruments receive a score of 6 out of 10, making it a solid offering overall. However, some instruments, like binary options, are considered risky, and Alpari also offers some commonly restricted instruments due to its international base.

However, Forex and CFDs are relatively limited, and brokers with full regulation offer far broader opportunities, including stocks and futures trading.

Types of Alpari Accounts

Alpari offers 4 different account types as retail trading accounts, along with the option to invest through PAMM accounts.

Available accounts are tailored to different needs, with options to choose between MT4 or MT5 platforms or alpari.binary. Lot sizes and trading features vary across standard or PAMM accounts.

In the Forex market, brokers usually provide multiple types of trading accounts. This variety allows traders to choose the best option based on their experience, capital, and trading strategy. Options such as ECN, STP, or accounts with different leverage are available.

Standard Account:

Suitable for larger trades, usually one lot or more. Spreads are typically lower as well. This type of account exists in many brokers, and its conditions at Alpari are as follows:

Alpari Standard Accounts:

Standard accounts with leverage up to 1:1000 allow you to trade various currency pairs. With a minimum deposit of $20, you can start trading.

Alpari Mini Account:

Suitable for smaller trades, usually 0.1 lots. Beginner traders or those with smaller capital can benefit the most from this type of account.

Nano Account:

Designed for very small trades, typically 0.01 lots. It is suitable for beginner traders or those who want to take minimal risks. Nano accounts are among the various account types offered by Alpari:

Alpari Nano Accounts:

The trading unit in this type of account is lots. Nano accounts are denominated in cents, and you can start trading with as little as $1. Leverage for this account is 1:500.

Starting from 2024, Alpari has decided to remove nano accounts (also known as micro or cent accounts). This change means that beginner traders can no longer use these accounts for their trading activities, and their only option will be to use standard accounts.

In early February 2024, Alpari announced that it had completely removed nano accounts from its list of services. According to information provided by Alpari support, this was communicated through an email sent to users on January 12, 2024. After the email was sent, traders were only able to close their active positions and could not open new trades in these accounts. Ultimately, nano accounts were removed from Alpari’s available account list.

ECN Account (Electronic Communication Network):

This account provides direct market access without dealer intervention. At Alpari, this account is available in two forms:

Alpari ECN Accounts:

Connected to the ECN market, allowing traders access to much lower spreads and more transparent trading. These accounts have very low spreads (close to zero or even zero), with leverage up to 1:3000. It is worth noting that ecn.mt4 accounts are commission-free, while ecn.mt5 accounts have a commission of $3.2 per 100,000 dollars traded.

STP (Straight Through Processing) Account:

This account operates without dealer intervention but through a network of brokers and dealers. Spreads for STP accounts are typically lower than standard accounts, and they are commission-free.

Alpari Pro Accounts:

Alpari also offers better deals for professional investors:

For professional traders with higher capital, Pro accounts are the most suitable. Pro account spreads are variable and usually lower than standard accounts. These accounts offer leverage up to 1:3000, with a commission similar to ecn.mt5 accounts – $3.2 per 100,000 dollars traded.

PAMM/MAM Account:

This account allows a professional trader to manage multiple accounts simultaneously. It is also suitable for professional traders who want to manage other people’s capital. The variety of accounts in a broker is important and a key factor in choosing a broker.

Considering the features and advantages of each account type, traders can select an appropriate option based on their needs and trading goals. Alpari, which is one of the most popular brokers, was the innovator of this account and introduced the PAMM account to the Forex market. Other brokers in the Forex marketing have since utilized Alpari’s design of the PAMM account and offer it to their users.

Alpari Fees

Alpari offers two types of execution: standard or through ECN connection. Therefore, spread amounts vary depending on the method chosen, starting from 0.0 pips. Additionally, be sure to review full costs, including financial fees, inactivity fees, and other commissions.

In the reviews conducted on Alpari’s fees, experts have given an overall score of 8 out of 10. This comparison was made with over 500 other brokers. Alpari’s fees are generally favorable, and some deposits and withdrawals are free at Alpari Broker.

Who is Alpari Broker Recommended For?

Experienced traders and professional investors seeking a reliable and straightforward platform to trade various assets will benefit from Alpari International’s focus on providing excellent execution and competitive pricing conditions.

Leverage of up to 1000:1, variable spreads that can go as low as 0 pips, and professionals who demand no re-quotes and the best possible buy/sell order prices will find Alpari Broker well-suited to meet their needs.

Additionally, the CopyTrade feature, showcasing the strategies of skilled traders and financial managers, allows both strategy managers and users who follow them to benefit from market fluctuations.

Although features like CopyTrade at Alpari are attractive to beginners, those wanting to learn the fundame

What Are the Top Features of Alpari Broker?

Alpari Broker has outstanding features that have made it one of the most well-known forex brokers in the world. The top features of this broker include:

1. Low Spread

All types of international Alpari accounts come with low starting variable spreads, and professional account holders can even benefit from institutional spreads starting at 0.0 pips for maintaining a minimum account balance of $250,000.

1. Swap-Free Accounts

Traders who employ strategies or practices that avoid swap costs or those seeking swap-free options for religious reasons can take advantage of Alpari’s swap-free account at no extra charge.

It’s noteworthy that Alpari Broker also offers Islamic accounts, with no commissions, for Iranian and Muslim users globally due to religious considerations.

1. Hedging/Scalping Allowed

Unlike some other brokers, Alpari allows clients to engage in scalping strategies without time restrictions, enabling them to trade on small price fluctuations in available assets.

Clients can also use hedging strategies, where simultaneous price changes in assets are used to take two opposing positions, allowing them to trade in both directions at the same time.

1. Fast Withdrawals

Alpari Broker supports over 20 withdrawal methods, including credit and debit cards, bank transfers, electronic wallets, local payment services, and even cryptocurrencies. Nearly all requests are processed and sent within 24 hours, providing clients with fast and easy withdrawal processes.

1. Excellent Liquidity

Alpari International’s relationships with liquidity providers and leading banks provide clients access to some of the best and fastest executions in the market. Moreover, non-dealing desk (NDD) execution and straight-through processing ensure no requotes for ECN and Pro accounts.

The unique features of Alpari Broker have led to its high popularity around the world.

Alpari Broker Regulations and Compliance

Alpari International’s ability to serve customers in 150 countries stems from its registration as a licensed investment broker. The license granted by the Mauritius Financial Services Commission allows Alpari International to provide brokerage services to traders worldwide, with a few country exceptions.

The company’s stability process must also align with strict Know Your Customer (KYC) policies and anti-money laundering measures. Additionally, Alpari International is a member of the Financial Commission, an industry body that handles trader disputes.

Membership since 2013 reassures traders that, in the event of a dispute resolved in favor of the client, they are entitled to receive up to €20,000 from the compensation fund.

Alpari Broker Pricing

Alpari International offers a wide range of account types, inviting a broad spectrum of investors to participate in global financial markets. For less experienced traders, opening a Micro account starts with a minimum deposit of just $5.

The Standard account, which offers lower spreads and higher leverage, requires a minimum deposit of $100. More advanced users seeking faster execution with no requotes can open an ECN account for less than $500.

Lastly, the Pro Account is ideal for professional and institutional traders looking for direct market access and can maintain a minimum account balance of $25,000. Free Virtual Private Servers (VPS) are also available for customers depositing more than $5,000 into their Alpari accounts.

Alpari International’s focus on affordability begins with no commissions on all deposit methods. Withdrawal fees are minimal and vary by method, and a $5/€5/£5 inactivity fee applies to users who don’t trade for six months.

Alpari Broker’s spreads are competitive, and although Alpari International only supports variable spreads, they can go as low as zero pips. The only account type that faces commissions is the ECN account, starting at $1.50 per lot per side. Apart from ECN and Pro MT5 accounts, swap-free account options, compatible with religious rules, are available.

Alpari Broker Security

Especially for professional and experienced traders, one of the most important factors when selecting a broker is the quality of execution. Thanks to relationships with top liquidity providers and a model allowing direct market access, Alpari Broker can provide reliable execution with no requotes or delays.

In addition to secure execution, client funds are protected in segregated accounts, separate from Alpari’s operational and international funds, held in reputable banks.

Users with questions or needing assistance with their accounts can connect with Alpari International representatives through several support channels in eight different languages.

Aside from email and phone inquiries, Alpari Broker representatives are available 24/5 during market hours via live chat and Telegram, and special support is provided over weekends for traders opening new accounts.

Alpari Broker specialists respond promptly, and contacting them can be very helpful for users. Additionally, Alpari’s membership in the Financial Commission has greatly helped increase its trustworthiness and credibility. Therefore, if you are using the Alpari Broker and encounter any problems or have questions, make sure to contact their support.

High security along with a user-friendly interface has attracted more traders to Alpari Broker.

Alpari User Experience

The process of opening an international Alpari account is designed to be as simple and fast as possible. After completing the initial registration form, a verification PIN code is sent to the provided email address or mobile number.

Following a straightforward account setup process, which requires standard documents such as proof of identity and proof of address, users can fund their Alpari accounts quickly, thanks to one of the widest ranges of payment options available. Withdrawals are also typically processed within 24 hours and sent out quickly.

After registration, accessing account settings, making deposits and withdrawals, or accessing the MT4 or MT5 WebTrader platforms through the MyAlpari dashboard is very simple and easy.

For beginners seeking more information on basic trading topics, Alpari International offers useful yet limited resources, including a section called “Forex Trading for Beginners.”

A searchable FAQ is also available to find answers to common questions or manage more advanced account features, which can be very helpful.

Experienced traders will enjoy using MT4 on the Alpari Broker platform, and other users will appreciate easy access to advanced features like market depth, hedging, and multiple execution modes available with this broker. Overall, while the Alpari portal is relatively simple, it is very fast and user-friendly, and does not confuse users.

Alpari Broker Bonuses

Forex bonuses allow traders to gain additional funds to enhance their trading experience, especially for those who have not yet gathered significant capital. These bonuses can be a critical factor in choosing a forex broker.

As a reputable brokerage, Alpari offers a variety of bonuses to its clients. These bonuses include a welcome bonus, a trading volume-based bonus, a deposit bonus, and other plans provided in the form of cashback schemes. To take advantage of these bonuses, you must first register with Alpari and complete the verification process.

Alpari integrates bonuses and cashback in an attractive way for users. These bonus plans, including deposit bonuses, referral bonuses, and welcome bonuses, are usually designed based on the trading volume of customers, and different amounts are credited to their accounts accordingly.

Alpari Broker Welcome Bonus

Alpari Broker was one of the companies that offered a “Welcome Bonus.” This bonus was given to individuals who had not yet made a deposit and opened a new account. The bonus offered was up to $20 and was aimed at customers who had an account with Alpari but had not yet funded it.

To benefit from the profits gained from this bonus, certain rules applied. For example, trades had to last more than 5 minutes, and for every 1 lot traded, $2 of profit could be withdrawn. New or non-depositing customers had 7 days after accepting the bonus terms to make their first deposit.

This bonus was available to customers in the Middle East, and its amount was based on the base currency of the customer’s account. However, this bonus has now been removed by Alpari, and traders should contact Alpari support to find out details and the current status of bonuses.

30% Deposit Bonus by Alpari Broker

Alpari Broker offers an attractive promotional plan for its users, including those introduced by business partners (IBs) and affiliates. This plan includes a 30% welcome bonus, provided under specific conditions and based on the operational agreements between Alpari and users. The promotional period runs from December 26, 2023, to March 31, 2024, and may be extended by Alpari.

Terms and Definitions of This Promotional Plan:

1. Account: The user’s trading account, which can either be a Standard MT4 account or a PRO ECN MT4 account. It must have been funded at least once during the promotional period. This offer is only applicable to one trading account per user.
2. Bonus: Trading benefits granted to eligible users under this plan.
3. Bonus Period: A 30-day period starting from when the bonus is received, provided that the user has not requested a withdrawal.
4. Deposit: A minimum deposit of $100, which must be made within 7 days of accepting the terms of the plan.

To Receive the 30% Bonus:

• Users must accept the terms of the plan through their personal area in Alpari (MyAlpari) and notify Alpari.
• This plan is applicable to only one trading account, regardless of how many accounts the user may have opened.
• The user must make their first deposit within 7 days of accepting the terms.

Trading Conditions:

• The 30% bonus is calculated based on the first deposit, up to a maximum of $3,000. It is for trading purposes only and is valid for the 30-day bonus period.
• The bonus is non-transferable and non-withdrawable, and can only be used for trading purposes.
• If the user requests a withdrawal, the bonus will automatically expire.
• Alpari reserves the right to revoke the bonus without prior notice if the terms are violated or if the bonus is misused.
• The user cannot participate in other promotional plans simultaneously.
• If the user’s account balance becomes negative, all open positions will be automatically closed, and Alpari will adjust the negative balance with the available credit.

Alpari’s Referral Program

Under this program (refer to the terms of Alpari’s referral plan), customers receive rewards for introducing new customers to the company according to specific conditions. Any Alpari trader can participate as a referrer (referred to as the “Inviting Customer”) in the program. Alpari reserves the right to decline any customer’s participation at its discretion.

A referred customer is officially recognized as referred by the Inviting Customer when:

• The referred individual is registering for the first time as a trader with Alpari.
• The referred customer visits the company’s website via the referral link shared by the Inviting Customer before registering for MyAlpari.

Steps for Referral:

1. Inform Your Friends: Go to MyAlpari, get your personalized referral link, and send it to your friends or share it on social media.
2. Guide Them to Register: When your friend registers through your link, you will be notified via email.
3. Receive a Reward: After your friend deposits $35 into their account, and all other conditions are met, you will receive your reward.

Important Points to Note in This Program:

• The cookie that records the referred customer’s visit through the Inviting Customer’s referral link is stored for one calendar year from the date of the visit. Therefore, if the referred customer does not register immediately after visiting the company’s website via the referral link, they can register later within the year and still be recognized as referred by the Inviting Customer.
• The Inviting Customer receives a reward from the company, provided that the referred customer funds their account with a minimum of $35 within 60 days of registering.
• Rewards are paid after both the Inviting Customer and the referred customer have been confirmed as “verified” by Alpari, and they meet the standard criteria of the operational agreements.
• For both the Inviting Customer and the referred customer to be eligible for the reward, the referred customer must engage in trading activities on their account(s), including any of Alpari’s investment services (except fixed contracts). They must trade a minimum of 10 standard lots (including Nano accounts) across all account types within 60 days of registration.
• Referred customers will receive 1,000 ALP points if they deposit a minimum of $35 into their accounts within 60 days of joining MyAlpari and trade 10 standard lots. These points are part of the Alpari Cashback loyalty program and can be used for commission or spread discounts or converted into cash.
• When calculating the total deposits made by the referred customer, all currency deposits are considered and converted to USD based on the company’s internal exchange rate.
• Rewards for the Inviting Customer are paid monthly after the end of each month, provided that no fraudulent activity has been detected by either the Inviting Customer or the referred customer.

What We Learned About Alpari Broker:

Easy registration, account opening, and high execution quality make Alpari Broker highly suitable and popular among professional traders and institutional investors seeking direct and simple market access.

The no-requote execution model in ECN and Pro accounts ensures that traders can benefit from reliable pricing from top liquidity providers.

VPS hosting and support for Expert Advisors (EA), along with Alpari CopyTrader, make this platform a unique offering for experienced professionals looking for standard tools like MT4 and MT5 without any hassle.

Additionally, the inclusion of CopyTrader is ideal for novice investors seeking a low-risk strategy for managing their capital. Moreover, the simplicity of the MyAlpari dashboard provides quick and direct access to various account features and options.

Although this broker is only regulated by one authority, its membership in an independent self-regulatory organization provides added assurance to investors and traders.

Overall, Alpari Broker stands out as an attractive and reliable choice among brokers due to its low spreads, dependable execution, fast investment options, and simple design.