Regulated by: IFSC
Headquarters: Saint Vincent and the Grenadines
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.
Headquarters in off-shore country. Financial problems in the past. Wide range of trading instruments and platforms. High leverage.
|Adress:||Alpari Limited, Cedar Hill Crest, Villa, Kingstown VC0100, Saint Vincent and the Grenadines|
|Phone:||+44 8449 869559|
|MAM / PAMM 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|
|24 Hours Support:|
|Languages:||Chinese, English, Hindi, Indonesian, Russian|
|120% Deposit Bonus - New and existing clients get their account boosted by 120% of the amount they deposited.|
|Spreads:||As low as 0.5 pips for EURUSD on ECN account|
|Negative Balance Protection:|
|Accepts Clients from the US:|
|Supported Platforms:||MetaTrader 4, MetaTrader 5|