TTFB Admin
9.3/10
(Expert Score)
Product is rated as #3 in category Forex Brokers
ALPARI INTERNATIONAL:
ALPARI INTERNATIONAL is a highly trustworthy and reputable forex broker. They have been running this service for more than 2 decades now, the company started in 1998 and has good customer feedback. And it assures a safe & secure trading environment for traders, licensed by FSA Mauritius.
Another advantage is social trading, through their investment service, a trader can grow his/her portfolio without any trading knowledge by following and copying trades from expert traders. ALPARI allows users to copy exactly the same trades from expert traders automatically.
The Alpari Group is owned by Exinity Limited, which is the same company behind FXTM, another popular forex broker. Which is run by Andrey Dashin. They have already won several awards for their excellent service.
- 2 Million+ traders worldwide
- ECN and STP accounts
- Licensed by FSA Mauritius
- 20+ Years of experience in the forex industry
- 8 Global locations across three continents
- 250+ Trading instruments
ALPARI INTERNATIONAL overall scores
In this review, you will find all the important information about ALPARI INTERNATIONAL, which will help you decide if the ALPARI INTERNATIONAL broker is right for you. Our experts have used this broker and made an assessment of them using our methodology and scoring system, we have discussed in this review the aspects that a trader expects the most from a broker.
Ratings will be placed here
ALPARI INTERNATIONAL fees & commissions
When it comes to ALPARI INTERNATIONAL trading fees and commissions, they charge much lower fees and commissions than other competitor brokers. ALPARI INTERNATIONAL different types of accounts and most account types offer no commission and very tight spreads. There is no charge for the deposit and but they do charge a reasonable price for some withdrawal methods and also many free withdrawal methods available.
Fees are generally of two types, Trading fees, and Non-trading fees.
Trading fee
Every time you place a trade broker charges trading fees, this fee is charged for spreads, commissions, and overnight, and rule over fees, and currency conversion fees.
Non-trading fee
Non-trading fees include payment fees and inactivity fees.
The chart below based on standard trading account fees.
| Type of fee | Cost |
| Minimum Spread EURUSD (pips) | 1.2 |
| Commission (%) | 0% |
| Commission on Islamic Accounts (%) | 0% |
Based on a standard account.
| Type of fee | Yes/No |
| Account Fee | N |
| Inactivity Fees | Y |
| Deposit Fees | N |
| Withdrawal Fees | N |
There is good reason to believe this broker as it providing service for more than 2 decades with a great reputation. licensed by FSA of Mauritius, also a member of The Financial Commission. Unfortunately, this is not the most strict financial authority.
Although previously they were licensed from multiple top-tier forex regulatory companies such as CySec, FCA, NFA. But over the years they have lost the licenses of these top-tier regulatory institutions because the broker changes rules and regulations based on different market conditions, and if the broker’s rules and regulations don’t meet with the regulatory institution, the broker loses the license. Which is quite natural for a forex broker.
Alipari offers compensation via the Financial Commission’s Compensation Fund, and you’ll benefit from free negative balance protection no matter which accounts type you. choose. So you can rest assured about your financial assets.
Table.
Creating a trading account in ALPARI INTERNATIONAL
Opening an ALPARI INTERNATIONAL broker account is a very simple process that can only be done through a computer or mobile phone. It takes 10 to 12 minutes to approve an account with this broker, whereas it takes 24 to 72 hours for other competitor brokers to verify the documents. You will need to provide some basic information to complete the registration.
Regional restrictions: The broker offers their services in almost all countries of the world except a few. Alpari International does not provide services to residents of the USA, Mauritius, Japan, Canada, Haiti, Suriname, the Democratic Republic of Korea, Puerto Rico, the Occupied Area of Cyprus.
Below are the steps to open an account:
- Fill in your personal details (name, email address, phone number) and set a password.
- They will send an SMS to your phone number. Give the PIN number along with the PIN number and click on the register now button.
- Fill little more personal details such as date of birth, address,etc.
- Confirm your tax residence status, tax identification number, and source of funds.
- Select your account type, base currency, leverage, and trading account password.
- Fund your account and start trading.
Documents required to approve your account
First, you need your personal information.
And they will ask you for some personal information like what you do and whether you have any prior knowledge about your trading and what is the purpose of your trading and the amount of income. These are called KYC for short. This allows them to know the details of their customers and protects their users from any kind of on-ethical work.
The last thing you need is a picture of your National ID card, driving license, or passport. And any official document such as your current bill or a bank statement or any other document that has your address is written on it and the address of the place where you live and it matches the address of your identification document.
Demo account
How to create a demo account on ALPARI INTERNATIONAL Forex broker
If you are new to Forex, we encourage you to trade a demo account before trading Real Forex. And with ALPARI INTERNATIONAL Breaker you can easily open a demo account without verification. With the demo account, you can train through virtual currency. This will allow you to test your strategies and improve your trading skills. Many thanks to the ALPARI INTERNATIONAL team for providing such an opportunity for traders.
Islamic account
If you want to use an Islamic account you don’t need to contact the support team, ALPARI INTERNATIONAL you can do it yourself. You need to enable swap-free mode from your account. If you do not have anything like that in your account, you can contact support. This has been done in accordance with the Sharia of Islam.
What is the minimum deposit amount in ALPARI INTERNATIONAL?
Alpari International.com offers all types of accounts, if you use your standard cent account you can deposit a minimum of 10.
Standard and Shares Accounts – $ 100
ECN Zero Account – $ 200
ECN Account – $ 500
ALPARI INTERNATIONAL Pro Account – 25,000
ALPARI INTERNATIONAL broker offers 6 different types of tagging accounts, these include standard account, cent account, shares account, ECN account, ECN zero account, ALPARI INTERNATIONAL pro account. Depending on the type of account, it varies in minimum deposit, leverage, order size, spread commission instrument, trading platform, automated trading execution.
Trading Platforms
You can trade in MetaTrader 4, MetaTrader 5, and their own mobile application ALPARI INTERNATIONAL Trader using ALPARI INTERNATIONAL Trading account.
Their own mobile application ALPARI INTERNATIONAL Trader has some limitations. However, you can do most of the daily work through their mobile application. However, you will not be able to use Expert Advisors and Trailing Stop Orders here. For this, you need to use MetaTrader 4 or MetaTrader 5.
Social Trading
Research Tools
When we talk about research tools, ALPARI INTERNATIONAL offers daily analysis, an economic calendar. Currency converter and the ALPARI INTERNATIONAL Invest profit calculator. Overall, ALPARI INTERNATIONAL provides everything you need to have the best trading experience.
Fundamental and technical analysis is important in Forex trading. Market news is a very important issue in the case of fundamental analysis.
ALPARI INTERNATIONAL publishes important new songs of the market together and publishes many current affairs articles.
Customers of ALPARI INTERNATIONAL Forex Expert team publish trading signals to make their trading easier, they focus on a few things behind this training signal, such as popular technical indicators, market updates before opening, stop-loss area, etc. You can find trading ideas from the monthly market Outlook area and trading signals section.
Educational Resources
They publish various educational content to increase the interest of traders in Forex trading and to skill up them. Their content includes videos, webinars, ebooks, compensation guides, etc.
Customer Support
ALPARI INTERNATIONAL customer support team is very helpful and responsive. In order to contact customer support, traders can use the live chat option and Telegram bot. Unfortunately, Their Telegram bot currently doesn’t work.
Email is a slower process than a direct call or live chat. They are active 24 hours a day, 5 days a week (except Saturdays and Sundays). But if you have any common questions, be sure to check out their faq options.
Contact info
Phone: +442 080 896 850 Live chat
Support: customersupport@alpari.org (Mon-Fri: 24 hours, Sat: 11:00-16:00, Sun: 12:00-20:00 GMT+2 (GMT+3 DST))
Account Opening: documents@alpari.org (Mon — Fri 24/5)
Back Office: operations@alpari.org (06:00–20:00 GMT+2 (GMT+3 DST) and Sundays 09:00–18:00 GMT+2 (GMT+3 DST))
Address: 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Republic of Mauritius
Conclusion
We can confidently recommend this broker using our broker’s review methodology and scoring system. Here both new and expert types of traders will be able to trade in a safe and secure environment with ease, as many of them are licensed by the FSA of Mauritius. And it can be a good broker for everyone from beginners to experts for different types of accounts.
There are no reviews yet.