Review of Alpari forex brokers 2019 – Should you recommend them?

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Alpari was founded in Russia 1998 and it is one of the biggest global forex brokers as long as daily volume of trading is concerned. They offer a plethora of trading instruments through various platforms from desktop to mobile. Financial instruments include metals, currency, CFD and cryptocurrencies. The company is present in more than 150 countries all over the world and they have successfully served more than 2 million clients. Alpari has local offices in Lagos & Abuja, making them a perfect choice for traders in Nigeria.

alpari forex brokers

A quick glance at Alpari

  • Foundation year: 1998
  • Location of office: Lagos & Abuja
  • Minimum deposit: $20
  • Regulation: CySEC
  • Maximum leverage: 1:1000
  • Trade accounts: Standard, Nano and ECN accounts
  • Trading instruments: 2 Metals, 46 pairs of currencies and 5 Cryptocurrencies

Safety of funds and their regulation

Alpari has taken several steps to ensure the safety of the funds of the users and they have gained operating licenses in different parts of the world.

  1. They are licensed with Financial Services Authority of Saint Vincent and Grenadines
  2. They are also licensed from Belize International Financial Services Commission

This specific company is licensed in Belarus, Russia, St. Vincent, Belize, Mauritius and Grenadines and it was previously also licensed in the UK and US. The funds of clients are stored in a separate manner from the funds of the company so that there is 100% security. Moreover, they use SSL layered technology to offer secured transactions. The company offers transparency with the trade conditions.

Types of accounts with Alpari

They primarily offer 6 types of accounts like:

  1. Nano.MT4: Traders can trade in EUR and USD cents, there’s no minimum deposit, and offers 33 pairs of currencies and 2 metals and no commissions are charged.
  2. Standard.MT4: Users can trade in EUR, USD and GLD and minimum deposit is 20 units of each currency. This account offers 33 pairs of currency and 2 metals with margin of 50%. Trades are executed rapidly and no commissions are charged.
  3. Standard.MT4: Users can trade in EUR, USD and GLD and minimum deposit is 20 units of each currency. This account offers 33 pairs of currency and 2 metals with margin of 50%. Trades are executed rapidly and no commissions are charged.
  4. Standard.MT4: Users can trade in EUR, USD and GLD and minimum deposit is 20 units of each currency. This account offers 33 pairs of currency and 2 metals with margin of 50%. Trades are executed rapidly and no commissions are charged.
  5. Standard.MT4: Users can trade in EUR, USD and GLD and minimum deposit is 20 units of each currency. This account offers 33 pairs of currency and 2 metals with margin of 50%. Trades are executed rapidly and no commissions are charged.
  6. Standard.MT4: Users can trade in EUR, USD and GLD and minimum deposit is 20 units of each currency. This account offers 33 pairs of currency and 2 metals with margin of 50%. Trades are executed rapidly and no commissions are charged.

Steps to create an account

It is an easy process to start an account with Alpari. Here are the steps:

  1. Open the homepage and click on Register
  2. Fill out the required details
  3. Choose your city or country
  4. Verify authentication with a code
  5. Set a password for an account
  6. You’re done!

Trading platforms of Alpari

Here are the trading platforms of Alpari:

  1. Meta Trader4

The MT4 lets traders access accounts through mobile app, PC and also web platforms. It is the most popular terminal for trading forex and it is used for traders. This platform is compatible with Linux, Mac OS and Windows.

  • MetaTrader5

This is an advanced version of the previous platform as it offers trade executions, sets user alerts and 12 new timeframes. It is one of the most technical trading interfaces.

  • Alpari Invest app

This is a unique offering that provides up-to-date information on investment offerings. With this app, investors who don’t have time to handle their portfolio can invest through PAMM accounts.

Withdrawal and deposit methods

Traders can add funds through e-wallets and credit cards and in case of withdrawals; you can get payout in source funding methods that you used to deposit funds. Before you request withdrawals, the account should be verified with Alpari.

Bonus and Promos

The Cashback Program is open to several customers who register with them and here points can be exchanged in lieu of cashbacks. The customers can get a Premium Client Status when the balance surpasses $50,000 and this offers extra privileges to the trader.

Can Alpari be recommended?

Alpari has been in the trade for a pretty long time to be called trustworthy. If you too wish to become a forex trader, try your luck with this reputed forex trading broker.

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