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.
The minimum deposit is only $5.
On all accounts (MT4), there is no swap.
There are no commissions on Standard, Micro, and Pro accounts.
- There is no service in the 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:
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;
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:
Identity verification documents is ID card or passport.
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 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;
- Service country time 24 hours Mon to Fri
- 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 and provide details.
“Overall, the disadvantages of Alpari Forex’s Support are that there is many language service and the staff did not answer the questions directly.”