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Alpari Review 2020: Is This a Scam Broker? | What We Know

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► Overview 📝

Alpari is a global CFD broker that was founded in 1998. It used to be one of the biggest in the world with over 1m accounts having being created.

In 2015 they suffered massive losses on the Swiss Central Bank’s shock announcement on its currency peg. They had to close down their UK brokerage and give up their FCA license.

Yet, they are still running their international operations with an entity that is based in St Vincent and the Grenadines.

They are able to take clients from around the world but there are some geos that they restrict such as the United States.

Alpari is a forex and CFD broker that offers Straight Through Processing capability.


► Security 🔑

They are not regulated by a governmental organisation.

They say that they are members of the Financial Commission but this is an industry body. This self-regulating body will handle disputes between traders and brokers.

The Financial Commission also covers individual accounts of up to $20,000 if they find in favour of the client. However, this entity has no regulatory authority over the brokers so they cannot really enforce action.


► Asset Coverage 💎

In terms of Asset coverage, Alpari has a pretty standard range. They have forex, commodities crypto and equities.

There are only two commodity assets that you can trade. I was also quite disappointed to see that although they did not offer any single stock CFDs, only stock indices.


► Leverage ⚙️

They have a max leverage on their forex pairs of up to 1,000x. This is only on their Major forex pairs and they have different levels for their other assets. This goes to about 50x on their index pairs and a measly 2x for their crypto CFDs.


► Fees & Spreads 💸

The spreads at Alpari will differ according to the asset you are trading and the account that you are on.

If you are trading on an ECN account for example, then you will have close to zero spread on major forex pairs. However, you will have to pay a “lot” commission of $16.

The Non-ECN accounts will have a slightly higher spread but you will not have to pay this commission.

For all accounts, you will have to incur a “swap fee” on positions that are kept open overnight.

Alpari will charge you deposit / withdrawal fees. These are usually free at other brokers but they charge anywhere from 1-3%.


► Funding / Withdrawals 💳

In terms of these deposits, they have a number of options and they include the likes of bank wires, web wallets, crypto, China Union Pay and a few other payment processors.


► Account Types 🏷

There are 6 different account types at Alpari that will differ according to minimum trade size, ECN or non.

Alpari have free no obligation demo available on all account tiers apart from their nano account.

► Trading Technology 🖥


Alpari uses both platforms on offer by Metatrader.

Most traders will be familiar with the MT4 platform. This is one of the most popular trading platforms in the world and is in use by the vast majority of brokers.

The MT5 is the upgraded version of the MT4 and offers CFD trading with a number of assets. It also has more trading tools and functionality than you have on the MT4.

Both of these platforms are available in Mac, PC, Web browser and on mobile devices.


► Mobile Trading 📱

The metatrader mobile apps are the most downloaded trading apps in the world so you can’t really go wrong with them.


► Customer Support ☎️

Alpari has as range of methods to reach customer support. Livechat, email and a few phone numbers. However, I found the support agents to be rather inexperienced and their responses to be quite slow.


► Other Features 🎁

Other Features include competitions, educational material, news and third-party trading tools.


► What We Think 💁🏻‍♂️

So, in conclusion, they do have a pretty strong product offering with attractive forex leverage and advanced technology. I would have preferred better crypto leverage as well as lower fees for funding / withdrawals.

You will have to determine how comfortable you are with their non regulated status.


► Warning!! ⚡️

If you are going to use them, make sure that you practice adequate risk management. 1,000:1 leverage is incredibly risky and can liquidate you very quickly.


► Disclaimer 📜

This is for informational purposes only. Coin Bureau does not provide investment advice, nor is it an offer or solicitation of any kind to buy or sell any investment products. Rates and terms set on third-party websites are subject to change without notice.

Source: Coin Bureau

28 Responses

  1. The simple truth about binary options which many of us do not know is the fact that it is mainly based on predictions. Without proper knowledge of what next can happen to the stock market, you are sure to lose your funds. That is why it is important to be tutored or mentored by a professional investor in binary options. During my weeks of being mentored by Mrs maria, I've learnt much and also succeeding in trades and was able to recover my lost funds. Feel free to contact her on Mariajosh651@gmail.com for positive results

  2. the reason for low leverage in the cryptos is that the underlying 'asset' is of no value, try shorting and you will find theres no bid or multiple re quotes, they will be very pleased to sell you some and your loss ( not to be confused with stop loss) is guaranteed 😏

  3. I am very satisfied with Mr Williams strategy. a colleague at my work place has convinced me to leave my previous account manager who is offering low spreads on trading and without any good profit. At first, I was not sure whether to change my account manager or not but since the last period I wasn’t earning much I decided to change. From the beginning i started trading with Mr Andrew strategy, he has been helpful in explaining the platform and helping me with the operations. He explained the possible profits and losses and the strategies to follow in each operation. I'm glad I decided to go with Mr Williams strategy. i now earn 30,000 dollar per months, thank you so much Mr Williams you are indeed a God sent

  4. Sir. I don't understand why u look so pessimist about this great broker. I dare say Alpari is one of the best brokers in the world. Very reputable

  5. Their support is perfect. They call me Asap when I request the call. Very fast and Persian speaker support. Very kind and humble and informative. I dare say Alpari is one of the best brokers in the world

  6. I really appreciate this video. It did not seem biased or that you were any kind of affiliate of them. Seemed like just a genuine honest review which is hard to find in the forex industry with how many people are affiliates of brokers or forex related companies

  7. I don’t know much about that cause I’m also a beginner here in the trade but I have someone whose a good trade specialist and he made my life better I felt it was scam not until I had my transaction of $50,000 yesterday and I made a promise to show and refer people to Mr Children Robert if you feel you are tired of been a low class earner then it’s time you get up to Mr Robert okay childrenrobert49@gmail.com that’s he’s mail just send him he would definitely help you out for free

  8. Alpari is a SCAM! Why? Start winning more trades and they will scam you out of your hard earned money!!
    Dont trust them!!!!
    I used a Demo Accout winning more trades then the average trader and they started scamming my trades trading agaings me, by manipulating the bid & ask price over 100 pips .
    A few of my trades, weren't executed at real market prices, they were executed way far from the market prices 100 pips away.
    The Demo Acoount, was very importand to me it was a final market strategy test the real market survival of my algos before a funding a live Account.
    Alpari, if you're reading this, you know excatly what I mean you fraudsters .
    Good traders upcoming Pro traders and newbies beware, this business is not joke, if your carry good algorithms practice them first on different brokers Demo-Accounts, for max a month or even moths, to see if the broker is honest and if your strategy works.Never trust these brokers with your money.
    Alpari, will do its best to trade against you, to make you loose a trade if you're not careful and trading is all about spreads. I'm trading for 13 years and two moths now, trust my honest words! God bless you

  9. Don’t be deceived by the scammers,I’m just a beginner and I met mr Greg Jordan in an online seminar where he teaches people how to trade which he guided me with a super and amazing strategy and I am able to make $33,280 last week he is a super mentor I'll highly recommend you contact him on gregj8430@gmail.com✅if you are a beginner or have been blowing your account he is very honest he will help you perfectly for free he gave me cool lectures privately

  10. The alpri Nigeria is a scan, I deposited money into there Zenith bank account since may 13, 202. My trading account was not credited and the money has not yet be refund, after a lot of call and mail, the costumer care stop picking my call

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