Alpari Forex Broker

ALPARI FOREX BROKER PROS AND CONS

We have used the service to test out the broker, trying to compare every aspect; Swap, Spread, Commission, Inquiries Service, Support, Deposit and Withdrawal, and all of the services of Alpari Forex Broker and figure out what is suitable for traders.

Pros

  • The minimum deposit is only $5.
  • On all accounts (MT4), there is no swap.
  • There are no commissions on Standard, Micro, and Pro accounts.

Cons

  • There is no service in the Thai language, both on the website and in the support team.

ALPARI FOREX BROKER BONUS

No Deposit Bonus

Bonus cashback of 5% up to $10,000

ALPARI FOREX FREE VPS

Alpari offers a Free VPS service with no minimum deposit limit, just trade 10 Standard Lot or if less than one. The cost of using a VPS is $24 per month. VPS details are as follows;

  • Server location – London
  • Latency – < 1ms
  • RAM 768 MB
  • CPU – 1
  • Capacity 25 GB
  • Windows 2008 R2 64-bit system

ALPARI FOREX SPREAD AND SWAP INFORMATION

1. Spread Alpari Forex

Our spread and swap cost calculations are already charged per 1 lot open order size of Standard account (100,000 USD per 1 lot), so the value shown is in USD.

Alpari has four account types: Standard account, Micro account, ECN account, and Pro account. In order to compare with different brokers in real-time situations at different times, then averaged, spread data is obtained as follows:

CurrencyStandardMicroECNPro
XAUUSD32373532
EURUSD111685
USDJPY131974
GBPUSD13171411
USDCHF1319118
USDCAD18211411
AUDUSD111696
NZDUSD22311411

2. ALPARI FOREX SWAP

The daily cost of holding a trader’s position when trading with Alpari Forex is charged when opening a 1 Lot Standard (100,000 Lot) order. It shows the daily cost of holding 1 Lot Standard account size as follows;

alpari-swap

Spread and Swap comparisons of all brokers can be viewed to create a trading strategy. Build your own trading advantage here.

3. ALPARI FOREX COMMISSION

OTHER ALPARI FOREX INFORMATION

Alpari Forex Broker was founded in 1998 in, Russia with 8 offices worldwide and over 2 million customers. The customer protection fund for complaints is 20,000 EUR

Alpari Forex Broker offers that customers’ accounts are managed separately from the company’s accounts. It is managed under supervision from the registration in the regulatory group as follows:

  • Alpari Forex is registered with the FSC (The Financial Services Commission)

ALPARI FOREX Account Usage

Opening an Alpari Forex account can be done through the website. However, there are support services available to help as well which can be contacted through Support.

1. Alpari Forex Account Opening Documents

Documents required to open a trading account with Alpari Forex include:

    1. Identity verification documents for Thais is ID card or passport.
    2. The address verification document must match the address shown on the identity card, a copy of the house registration is recommended.

2. ALPARI FOREX Account Types

There are four types of Alpari Forex trading account types: Standard account, Micro account, ECN account, and Pro account, each with different features. It is designed to allow traders to choose according to their strategy and capital preferences.

The table shows the account types of ALPARI Forex Forex Account

alpari-standard
alpari-micro
alpari-ecn
alpari-pro

ALPARI FOREX Support Service

We conducted a test of communication with Support via chat and made an assessment according to the criteria; able to fix the problem, promptness of service, problem-solving intention, not just sending links to read to acquire answers. Therefore, we have reviewed the broker and found the following service problems;

Support does not provide service in the Thai Language
  • Alpari does not provide web pages and Thai Language Support.

  • Support recommends using Google Translate for conversations.

Support is divided into three teams with different contact times
  • Service country time is around 5 – 6 hours slower than Thailand (GMT+2/+3)
  • Support contact time for account opening according to Thailand time is on Monday-Friday, available 24 hours and on Saturday-Sunday from 5:00 PM – 1:00 AM.
  • Support contact time for deposits and withdrawals, according to Thailand time is on Monday-Friday, from 7:00 AM – 1:00 AM, and on Saturday from 6:00 PM – 10:00 PM.
Support answers questions that are not relevant to the point
  • Support does not answer questions directly. Sometimes you have to ask again and again in order to acquire an answer.
Support tries to answer questions.
  • Support tries to answer questions and provide details.

“Overall, the disadvantages of Alpari Forex’s Support are that there is no Thai Language service and the staff did not answer the questions directly.”

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