Alpari Trading Broker Review
Regulated by: IFSC
Headquarters: Saint Vincent and the Grenadines
Ranking: 29
Spread: 0.5 pips (EURUSD)
Leverage: 1000:1
Minimum Deposit: $0
Alpari Review & Author's Comment
Alpari Review & Author's Comment
Another victim of Swiss National Bank’s reckless and abrupt policy change. When SNB decided to remove the 1.20 floor for EURCHF on 2015 January, it was a hell of chaos for the markets and several big forex brokers went bankrupt due to thousands of client accounts turned to negative balance. Not being able to collect the negative balance from the clients, brokers had to file bankruptcy and Alpari was unfortunately one of those. The company had to close its London HQ down, lost its FCA license and moved to off-shore world.
Alpari was founded in 1998 and is one of the oldest online forex brokers. They are now headquartered in Saint Vincent and the Grenadines and regulated by Belize IFSC. Well, odd enough. They still don’t offer negative balance protection but on the other hand fixed spreads account option is there and investors are able to trade with 1:1000 leverage. However, I have some reservations about Alpari for the events following 2015 January disaster.
| Broker Detail | |
|---|---|
| Adress: | Alpari Limited, Cedar Hill Crest, Villa, Kingstown VC0100, Saint Vincent and the Grenadines |
| Phone: | +44 8449 869559 |
| Web: | |
| E-Mail: | [email protected] |
| Regulator: | IFSC (IFSC/60/301/TS/17) |
| Year Founded: | 1998 |
| Instruments | |
|---|---|
| Forex: | |
| Precious Metals: | |
| Energy: | |
| Soft Commodities: | |
| Indices: | |
| CFDs: | |
| Stocks: | |
| ETFs: | |
| Bonds: | |
| Options: | |
| Cryptocurrencies: | Bitcoin |
| Account Options | |
|---|---|
| ECN Account: | |
| Swap-Free Account: | |
| Nano Account: | |
| MAM / PAMM Account: | |
| Demo Account: | |
| Funding Methods: | Wire Transfer, Credit Card, Skrill, Neteller, WebMoney, Baokim, UnionPay, Fasapay |
| Withdrawal Methods: | Wire Transfer, Credit Card, Skrill, Neteller, WebMoney, Baokim, UnionPay, Fasapay |
| Customer Services | |
|---|---|
| Live Chat: | |
| 24 Hours Support: | |
| Languages: | Chinese, English, Hindi, Indonesian, Russian |
| Bonus |
|---|
| 120% Deposit Bonus - New and existing clients get their account boosted by 120% of the amount they deposited. |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4, MetaTrader 5 |
| Webtrader: | |
| Mobile: | IOS, Android |
| Trading | |
|---|---|
| Leverage: | 1000:1 |
| Spreads: | As low as 0.5 pips for EURUSD on ECN account |
| Minimum Deposit: | $0 |
| Fixed Spreads: | |
| Automated Trading: | |
| Hedging: | |
| API Trading: | |
| Negative Balance Protection: | |
| Accepts Clients from the US: |
Alpari Review
Alpari Review
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Reliability - 5/105/10
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Deposit & Withdrawal - 8.3/108.3/10
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Bonus - 6.5/106.5/10
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Customer Support - 7.5/107.5/10
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Overall Trading Conditions - 9.1/109.1/10
Summary
Headquarters in off-shore country. Financial problems in the past. Wide range of trading instruments and platforms. High leverage.
Slippage is high, spread is high, regulation is weak. When you earn small amout of profit, they will let you take your money back. But when your profit is huge, they keep calling you not to withdraw your money. They tell you to trade and make more profit. Then they apply you slippage, worsen execution time and even delete your trades. I dont know why people want to open account companies like Alpari. Throw your money into trash bin, same.