If you are looking for a broker that will give you a wide range of high-quality trading services Alpari could be it. They are among the leading ranks of online Forex, stocks, spot metal, and CFD as well. It was founded in 1998 as a small provincial outfit.
It was registered in Belize on the Grenadines and Saint Vincent islands. It is regulates by the Financial Service Authority of the two islands and the Belize International Financial Services Commission.
Alpari has two primary trading platforms, MetaTrader 4 and MetaTrader 5. MT4 is user-friendly and it comes with many integrated trading tools. It has a comprehensive charting package that allows the clients to enhance the market analysis further.
If you are a computer savvy trader, you can use this platform to create your expert advisors and indicators for automated trading using the built-in MQL4 programming language. The MT5 is built more like the MT4 but with more upgrades and features.
Some of the added features include improved user interface, 21 timeframes for chart, integrated with more than 75 analytical tools, backtesting capability, integrated MQL 5 programming language and extended library with scripts, expert advisors, and indicators that are easy to use.
There is also a platform for mobile traders. You can easily download it from the Apple App store and Google Play Store for Android users. Once you download the app you can easily trade from the comfort of your phone.
This broker also has two main categories account types; the Independent trading and the fund management. The independent trading accounts has six types of accounts. The MT4 account requires no minimum deposit, a leverage of 1:500, 44 FX pairs, 2 spot metals and fixed spreads.
There is also the MT4 account type that requires a minimum deposit of $100, a leverage of 1:1000, 44 FX pairs, 2 spot metals, and floating spreads. The MT5 has the same features but the leverage is 1:100. The other MT4 account type requires a minimum deposit of $300, 1:1000 leverage, 48 FX pairs, 3 commodity CFDs, 12 spot metals, 10n Index CFDs, and floating spreads.
The other account type is ECN.MT4 that requires a minimum deposit of $500, 1:500 leverage, 44 Fx pairs, 3 commodity CFDs, 2 spot metals, 10 index CFDs, and floating spreads. The other MT5 requires a minimum deposit of $500, 1:100 leverage, 48 fx pairs, 3 commodity CFDs, 12 spot meals, 10 index CFDs, and floating spreads.
The fund management has five different accounts; Standard MT4 and standard MT5 that requires $300 minimum capital for the public account and for the private account $100, $10 minimum investment, 1:100 leverage, 44 FX pairs, 2 spot metals, and the execution is instant. However, the leverage for Standard MT4 is 1:500. The other accounts are Pro.ECN.MT4, ECN.MT4, and ECN.MT5.
You can make deposits and withdrawals via credit card transfer, bank wire transfers, internal transfer, and eWallet transfer.
- Many trading platforms options
- Several trading accounts
- Competitive spreads
- Numerous trading competitions
- 24/7 technical support
- Doesn’t have multilingual support
- No local technical support
Alpari is a reliable broker because they have been operating for a long time. They also have a wide range of services and products that gives you the full trading experience. Whether you are a beginner of an experienced trader, this broker will sort your trading needs.