|Platform||MetaTrader 4 for PC, MetaTrader 5 for PC, App for iPhone and iPad, App for Android, BinaryTrader|
|Minimum account size||$0|
|Minimum lot size||0.01|
|Spread on EUR/USD||0 pips|
|Payment methods||Credit/debit cards, bank wire, Neteller, Skrill (Moneybookers) &Cheque|
|Accepts US traders||No|
|Support||Email, Phone, Live Chat, Skype, Viber|
- Narrow spreads
- Cashback loyalty program
- Trading contests
- Special offers and promotions
- Access to markets will depend on account type
- US traders not accepted
Alpari was founded in 1998 and is authorised and regulated by the International Financial Services Commission in Belize.
Alpari has a set of different platforms including MetaTrader 4 for PC, MetaTrader 5 for PC, mobile apps for iOS (iPhone and iPad) and Android and BinaryTrader. Such variety of choices will allow you to keep track of your trades almost anywhere and it’s this reason why we are giving them a Platform score of 9/10.
The platform design is basically just the same for the MT4 and the MT5 while the Alpari Direct and Alpari Direct Pro are much more visually interesting. Overall, we never had any problems with the user interface because it was very basic and the menus are very straightforward. This warrants Alpari a Design score of 5/5.
They minimum initial deposit will depend on the account type that you would like to subscribe to and this would range from $0 of $500. This gives their clients a range of options that are fitted to their capital and this deserves a Minimum Deposit score of 5/5.
Minimum Lot Size
A much lower lot size is better so you can control the risks more effectively and with Alpari, you can set it to a minimum of 0.01. Such value deserves a Minimum Trade Score of 4/5.
Alpari offers more than 70 tradable instruments comprising of currency pairs, metals, commodity CFDs, stock index CFDs and even cryptocurrency CFDs. It’s a little limited compared to what other brokerages offer but the variety is ample enough to expand your portfolio which is why they notched a Tradable assets score of 3/5.
The spreads can be set to a minimum of 0 pips even for major currency pairs like the EUR/USD and this means that the returns are much higher. This warrants a Payouts score of 10/10.
For most banking methods, the waiting time for withdrawal requests only takes a day. Such speed is no doubt an advantage since you won’t need to wait that long to get your money back and for this we are giving them a Withdrawal Time score of 10/10.
Deposit and Withdrawal Methods
Adding funds into the account was pretty much straightforward because this brokerage accepts payments via credit/debit cards, bank wire, Neteller, Skrill (Moneybookers) and cheque. This convenience warrants a Deposit and Withdrawal Methods score of 5/5.
Their support team can be contacted by using phone, email, live chat and even via popular messaging systems like Skype and Viber. There was virtually no waiting time whenever we tried to contact them thru any of these channels and the customer service quality was highly impressive. Overall, we are giving them Support score of 13/15.
Based on the tests that we’ve done with their platforms, we never encountered any requotes even when there is unrest with the markets or when the prices are highly volatile. Such stability and impressive pricing deserves a Quote Accuracy Score of 10/10.
When it comes to credibility, it’s easy to say that they remain to be one of the top brands in the market. Having been recognized internationally by several award-giving bodies, close to two decades of existence and with more than a million clients, they are definitely one of the largest brands in the global forex industry and this warrants a Reputation score of 15/20.
Alpari is able to provide an up-to-date investment solution for traders thanks to its great range of instruments that can be accessed from their modern trading platforms. With its round-the-clock customer service, competitive trading conditions, attractive promotions and a reputation for honest business practices, we can definitely say that investing with this brokerage is a wise thing to do.
Final Score: 89/100