Alpari FX Broker Review | Forex Broker Review & Rating

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Alpari (Russia) was initially established in Moscow, Russia as a Retail Broker in the year 1998and has since then expanded substantially. It opened up a UK Brokerage Firm in 2004 in London by the name of Alpari (UK). It also set up a US Brokerage firm in New York in the year 2006 by the name of Alpari (US). Being independent companies, all of them are regulated by their local regulatory authority.

Being one of the world’s most rapidly growing Online CFD trading services providers, Precious Metals and Forex broker, Alpari serves not just professional, but institutional and retail investors too. It has 29 main offices based in 10 different countries. All of these offices are basically meant to fulfill the needs and requirements of local clientele that covers around 150 countries. Some of the main Alpari offices are located at places like New York, London, Mumbai, Moscow, Shanghai, Frankfurt and Dubai. More than 400 employees work for Alpari all across the world. It has more than 330K active client accounts and reports on a monthly trading volume in excess of $147 Billion.

Regulations of Alpari


The three different Alpari brokers are regulated by separate government regulators. The Alpari brokerage firm based in UK is regulated by the FSA. The Alpari brokerage firm located in USA is regulated by the NFA and CTFC and in Russia, Alpari is being regulated by the FRA or Financial Regulation Agency. This is the reason why traders located in these different countries find a number of differences in the offerings made by Alpari in terms of the investment services that are offered by each Alpari broker. Moreover, the Financial Services Compensation Scheme or FSCS of the UK protects retail clients.

Languages in which Alpari is Available


Alpari (US) is available in:

  • English
  • Spanish
  • Japanese
  • Portuguese

Alpari (UK) is available in:

  • English
  • Arabic
  • German
  • Chinese
  • Japanese

Alpari (Russia) is available in:

  • English
  • Russian
  • French
  • Spanish
  • Chinese
  • Turkish
  • Arabic
  • Indonesian
  • Persian

Trading Platforms at Alpari

Given below are the ranges of trading platforms available for Alpari (US & UK) traders:


Alpari Metatrader 4

Alpari Metatrader 4 is an award winning platform. Being extremely innovative and ground-breaking,it has been developed by MetaQuotes Software Corp. which provides for complex and intricate charting, rapid execution and request execution, Expert advisors, a complete technical analysis package as well as a historical database management, multilingual platform interface and so much more through customizations and default setting offered by Alpari! These features are additionally accessible by Alpari (Russia) traders and are also available for Smartphone and MT4 PDA editions.

Alpari MetaTrader 4 Pro


This particular platform is specifically meant for the Pro clients at Alpari. This platform comes with all the advantages offered by the Alpari MT4 platform along with spreads that are as low as 1 pip, a no re-quotes policy, multiple banks for liquidity provision purposes for 35+ currency pairs, no dealing desk execution etc.


Alpari Direct


Powered by ECN or the Electronic Communications Network provider Currenex, Alpari Direct is a trading platform which has particularly been introduced for traders interested in trading with higher volumes, that too with competitive pricing and at really fast speeds. This service is also available for Alpari (Russia) traders.


Alpari Direct Pro


The Alpari Direct Pro trading platform is basically powered by currenex. Alpari Direct Pro allows for Straight Through Process or STP trading devoid of the interference of a Dealing Desk with makes faster execution possible. This platform is particularly meant for traders based in different countries, money managers as well as high net worth individuals. Complete market transparency is possible through Alpari Direct Pro too as it enables traders to see market depth. This service is accessible by Alpari (Russia) users also.

Alpari L2Dealer

Alpari L2Dealer happens to be a trading platform that is specifically intended for professional traders. This Alpari platform makes it possible for traders to place direct orders within the electronic order book of an exchange and a CFD position is created instantly.

Alpari QTrader

Being an online Contracts for Difference (CFD) trading platform, Alpari QTrader provides traders the capability to carry out trades by just a single click. It deals through the utilization of a real time financial charting package which is inclusive of several substantial indicators together with the ability to assess historical data. It has an interface that is fully customizable and makes it possible for traders to trade in a variety of markets that include Stock Indices, Shares, interest rates, DMA equities etc. Market news acquired from the integrated Reuters information service is also offered by this Alpari platform.

MT5 Demo Versions

Along with the other accounts, Alpari additionally offers a demo account for traders to try out the new Metatrader platform known as the MT5. A majority of MT4 users would happily welcome this new platform considering that it is believed to be the next revolutionary platform introduced by MetaQuotes.

Alpari ZuluTrade is another trading platform offered by Alpari (Russia). It is basically an automated trading platform which makes it possible for traders to carry out their trades without even being in front of the computer. Traders can choose from many signals with regards to following and Zulu trades from them according to that particular signal. Zulu trading is extremely beneficial considering that it works with instant execution and has a no-requites policy as no dealing desk technology is being used.

Deposits and Withdrawals at Alpari


Considering that all of the Alpari Forex brokerages located in the USA, UK and Russia happen to be independent entities, the deposit and withdrawal methods are different for all of them.

In terms of Alpari (UK), clients do not have the option to deposit funds through E-Gold, PayPal or other online transaction sites as stated by their regulator’s anti-money laundering legislation. On the other hand, they can deposit funds via debit/credit cards and the funds would be credited within an hour of receipt working hours. Deposits by the Alpari (UK) clients can also be made through Bank Wire Transfer and this takes a day for the amount to be credited.

Within the EU, standard withdrawals from Alpari (UK) usually take up to 3 working days. The same Alpari (UK) transfers take nearly 5 working days outside the EU. No fee is charged for deposits or withdrawals that are made through Debit or Bank Wire payments. However, 1.75% is charged for all transactions made via credit card and are of under $3000.

Alpari (UK) does not charge its traders on deposits or withdrawals made via Bank Wire or Debit payments. But, credit card payments that are of less than $3000 would be charged at 1.75%.

Alpari (US) clients have the option of making deposits through bank wire transfer, check or PayPal. Traders can easily fund their Alpari (US) accounts in USD. Withdrawals are made in just 24 hours through Alpari (US). Withdrawal of funds is free of cost, but Alpari (US) clients have to pay a fees charged by the site for all Bank wire transfers.

Deposits can be made by Alpari (Russia) clients through Visa, MasterCard, Bank Wire Transfer, Moneybookers, Webmoney card, Dixiplay and Ukash vouchers. Withdrawals can be made through Electronic transfer to Webmoney, Dixiplay or Moneybookers and through Bank wire transfer as well.

Different Accounts available at Alpari


A free non-expiring demo account is offered for all clients from all Alpari brokerage website. Registering for both demo and live accounts is extremely easy and take less than a minute to be accessed. Alpari (UK) clients have been given the potential to hold multiple clients.

With a base currency of GBP, USD, JPY, EUR or CHF, Alpari (UK) clients can choose from three different account types:


Alpari Micro


This account type is available for MT4 users and offers spreads that are as low as 1.6 pips for 32 currency pairs. The opening deposit can be no less than $200 and traders have the ability to trade between 0.01 – 2 standard lots for every single transaction. Leverage of up to 500:1.

Alpari Classic


Available for Systematic and MT4, this particular account offers spreads that go as low as 1.6 pips for 32 currency pairs, Gold and Silver, together with 106 CFD instruments. The minimum deposit has to be of $500. Minimum 0.1 lots for Commodity CFD’s and Forex and 1 lot for share CFD’s can be traded by Alpari (UK) clients.

Alpari Pro


Accessible by Alpari Direct, MT4 Pro and Alpari Direct Pro, Alpari Pro is an account which offers spreads that are as low as 0 pips on an entire 57 pairs with a maximum leverage of 100:1. Minimum deposits are of $20,000 and a minimum trade size of 3 standard lots is offered.

Alpari (US) clients can hold the two following two types of account with a base currency of USD:

Alpari Standard


This account type is available for MT4 and it offers trading for 23 currency pairs along with Silver and Gold. 50:1 is the maximum leverage and a minimum deposit of $250 is required together with a minimum trade size of 0.01 standard lots.

Alpari Pro


Accessible by Alpari Direct, MT4 and Alpari Direct Pro users, this platform allows traders to trade fir 30 currency pairs and has a No Dealing Desk execution. A maximum leverage of 50:1 is offered. To open an account, traders need to initially deposit $10,000. 0.1 standard lots of trading size is offered to all of the traders using this Alpari account.

Alpari (Russia) also offers various account types that work with each of its many platforms:

  1. The systematic platform offers various account types. The names of these different accounts are: pamm.systematic, demo.systematic, classic.systematic, classic.systematic.swapfree.
  2. The names of the 8 different account types related to the MT4 platform are pamm.mt4 (also available for NDD and ECN), micro.mt4, micro.mt4.swapfree, classic.mt4, classic.mt4.swapfree, pro.ecn.mt4, classic.ndd.mt4, and demo.mt4.
  3. Only one real account is available for the Alpari Direct (with currenex) platform which is known as the account. Traders can also use a account.
  4. 3 account types are available for the Alpari ZuluTrade Platform. These are: demo.zulutrade, classic.zulutrade and classic.ndd.zulutrade.
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