Last Updated: February, 2020.
Alpari Financial Services Ltd (Alpari FS) is one of the world’s leading independent forex brokers that provides online trading services on the international currency market. It is part of the Alpari Family, a group of companies internationally recognized for its track record of innovative technological solutions. The Alpari Family has earned the trust of more than 440,000 clients in over 150 countries, with a monthly trading volume of 200 billion USD (as of May 2011).
The newest addition to the Alpari Trading Family, Alpari FS was founded in 2010 in Limassol, Cyprus, one of the world’s hubs for online forex trading. Alpari FS is regulated by the Cyprus Securities and Exchange Commission (CySEC). In compliance with Cyprus Law 144(I)/2007, Alpari FS is a member of the Investor Compensation Fund (ICF) for Clients of Cyprus Investment Firms (CIFs).
Alpari FS allows clients to access the international currency market and trade different financial instruments, including forex, spot metals and commodity futures CFDs. They offer state-of-the-art trading platforms, comprehensive trading tools, direct access to deep interbank liquidity, the latest financial news and much more – a forex trading environment that is second to none!
At Alpari FS, their mission is to offer our clients an online forex trading environment that is reliable, trustworthy, technologically advanced and supported by world-class customer service. They are also constantly improving and expanding their line of products and services and are dedicated to fostering long-term relationships with clients by providing them with a level of professionalism that is second to none.
Alpari Account Types
Alpari FS has three types of accounts, with no minimum initial deposit applying to standard accounts. A minimum deposit of USD 200 or EUR 200 is required for their “ECN” account, and for their “Pro Direct” account, their flagship top-of-the-line service, either USD 20,000 or EUR 20,000 must be the initial deposit recorded. Automated and mobile trading accounts are also supported.
Spreads at Alpari FS are among some of the most competitive in the business, under normal market conditions reaching as low or lower than a single pip on some of the most active and popular pairs, including the EURUSD. The broker compares well with most other firms in terms of technical trading capabilities, and the diversity of options to match the varying needs of clients. But perhaps the most salient feature of Alpari FS is the great emphasis on educational and information services. The presentation of educational material is in accordance with the spirit of the forex market, where the most skilled and experienced traders share the same resources with newcomers and novices. The learning curve is smooth, the material is rich, easy-to-understand, and presented in a friendly and encouraging manner. Add to these the very strong data and fundamental news supply facilitating news-trading, and you have a great broker provided that a combined technical-fundamental approach is your favourite trading style.
Alpari Trading Platform Software
The available platforms include the popular MetaTrader 4, with all its excellent, productive and easy-to-use features, and the newer version of this trustworthy and sturdy software, the MetaTrader 5 for demo trading with all its enhanced flexibility, enriched array of indicators and charting tools, and overall improvement of performance. For clients who prefer higher trade volumes and activity, Alpari FS provides the Alpari Direct advanced trading platform for advanced investors, which offers faster speed and more advantageous pricing, in addition to fully automated trade execution with NDD (no dealing desk), 1-click trading from charts, on top of live DowJones news feeds. Alpari Direct also enables access to separate advanced trading technology and tools to Alpari FS traders.
Finally, the Alpari Direct Pro is a specialized trading platform designed specifically for money managers, institutional traders, and high net worth individuals with requirements of high forex trading volumes, exceptional execution speed, precision in processing and management. Traders who use this platform have at their command the necessary tools to access a wider market with the best bid/ask spreads and to execute large orders at great flexibility and accuracy. Alpari FS pledges to make further improvements in the near future to this special package, which will improve market depth and pricing transparency for clients bettering an already outstanding platform.
Alpari FS employs its own technical team constantly developing new features to enhance and improve the power of the trading software and the analytical capabilities of the firm.
Alpari Withdrawals and Deposits
Alpari FS supports 12 different methods for deposits and withdrawals. Fees depend on the method selected. Ordinary withdrawals are possible within as fast as 24 hours although delays can sometimes occur, according to the broker due to the method selected. All withdrawals must be made to the bank account on file, after a withdrawal form is filled and faxed or emailed to the company, in line with global regulations against money laundering and related illegal activities.
Alpari Customer Support
Alpari FS provides excellent customer support to clients, as evidenced in the extensive support and educational information available at the website, and the online chat service where you can find experienced employees ready to respond to your queries 24 hours a day. As a broker that develops its own software, Alpari FS is able to respond to glitches and bugs much faster than the typical MT4 broker can, which is an added benefit.
Among educational and analytical material, analyst reports, advanced technical commentary, Autochartist software, an economic calendar, extensive and powerful video tutorials on how to trade currencies, a glossary on market terms, and an advanced market analysis guide for students of forex charts are just some of the tools at your disposal as a client of Alpari FS.
Is Alpari Safe to Use?
Alpari is a regulated broker with great visibility in three continents. The company has been around for many years, and enjoys an excellent reputation with brokers and traders. For client privacy and safety of trader information, the company implements state-of-the-art, advanced encryption techniques that have been the standard in military, business and government security for many years. Alpari FS is regulated by the Cyprus Securities and Exchange Commission (CySEC). In compliance with Cyprus Law 144(I)/2007, Alpari FS is a member of the Investor Compensation Fund (ICF) for Clients of Cyprus Investment Firms (CIFs).
Alpari Review Conclusion
Alpari FS offers one of the most attractive packages for the retail forex beginner. The website, and the platform are designed to suit the needs of inexperienced traders who have difficulty in comprehending the basics of trading even before any real experience with trading itself is made. The informational content of the website in particular is among the best that we have seen in the forex world, and is enough to merit a visit to the website.
Apart from the beginner-friendly features of the site, however, Alpari FS also provides a strong package for sophisticated, well-funded clients with advanced and specialized tools that ensure precise and timely trade execution. The Alpari Direct Pro trading platform is clearly the winner among the broker`s packages, but the standard MT4 platform available to small accounts is simple, competent and reliable enough with its well-established track record.
Overall, Alpari FS is a regulated broker with an unusually rich selection of learning and education material available to both demo and standard accounts. We recommend that you take a good look what they have on offer before you make a decision on your broker. Alpari has proven itself to be one of the important players in the competitive world of FX brokers, and it is a valid choice provided that their account offer suits your trading plan and vision.Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions.