Choose-Forex presents its detailed Alpari review to answer all your questions about their spectacular success and to tell you about their autochartist feature, Alpari demo account and some other popular features as well. Few people associated Russia with good finances back in 1998 when Alpari was first founded. Many were surprised to find out about their brand new Alpari UK branch and ongoing demand for its services. With hundreds of thousands of clients all over the world and millions in turnover on a monthly basis, Alpari broker is a force to be reckoned with.
Alpari Review on Available Account Types
Every Alpari review would have to engage the issue of available trading accounts. Finishing the Alpari login sequence will grant you access to Alpari demo account. There are five of them to begin with: Nano MT4, Standard MT4, ECN MT4, Pro ECN MT4 and PAMM account. Yes, they sound like something out of an old Soviet textbook, but actually they are quite practical and modern. This has not escaped our notice, hence this Alpari review to explain each demo account.
For instance, Nano MT4 is the lowest tier that Alpari broker has to offer. It requires no deposit on behalf of the client; it offers numerous advantages and perks in terms of spreads, leverage and margin. Our Alpari review will deal with this topic in just a second.
Standard MT4 matches the offer and raises it in terms of leverage, spread and stop out level. However, this comes at a cost, as the minimum deposit rises to 100 EUR/USD or 5000 RUR. ECN MT4 account is three times more expensive, but so is the stop out level – 60% instead of 20%. Pro ECN MT4 is 5 times more expensive – 500 USD/EUR but it brings out a number of advantages, including ECN Commission ($16 for every $1,000,000 in nominal value).
Finally, there is the PAMM account, requiring only $300, but it brings a number of interesting features. The abbreviation stands for Percent Allocation Management Module, and it means people can make money on FX trading without having to actually trade; it allows for a possibility to make some money on the side from managing other people’s PAMM accounts. Investors basically give money to professional traders to trade on their behalf and split the rewards, while their losses are effectively capped to what they originally invested. Apart from those, Alpari demo account is also available for those willing to learn the ropes and this is why a thorough Alpari review is always cool to have.
Alpari Review: Commission & Spreads
Once the Alpari login sequence is completed and trades are placed, people usually worry about spreads and commissions. Reading our Alpari review will help you overcome this fear and be done with it. First of all, there is no commission per se, as most of profits for Alpari (and Alpari UK) come from spreads and those largely depend on the type of account. The Nano MT4 features fixed spreads, making it the least favorable of the bunch, and those start from 2 pips and upwards. The other accounts feature floating spreads, starting from 0.1 pips for ECN MT4 and 0.3 for Standard MT4. The Pro ECN’s spreads start at 0 pips, and the PAMM account only concerns professional traders, as they are the one who have to earn the money to pay you back.
Leverage-wise, it starts from 1: 500 at Nano MT4, and going as high as 1 : 1000 for Standard and ECN MT4, although this means little on its own.
Alpari Review on Trading Platforms
There are three trading platforms available, and this Alpari review provides you with information about each one. There is MetaTrader 4, one of the most popular in the industry. The reason for its popularity is the reliability coupled with a surplus of tools that can be helpful if you know what you’re doing. The numerous charts and analysis tools are also available and the MT4 features a lot of customization options, making it a very popular choice. Think of it as an old-school representative.
The name shouldn’t surprise you very much: MetaTrader 5 platform, which is an overhaul of the old MT4, and features several technical upgrades that improve on safety and stability. It delivers new and exciting features to its users. Naturally, no Alpari review would be complete without the Alpari Mobile Trading Apps, which can be downloaded and installed on any Smartphone in order to ensure the investment opportunities are never out of reach of the average user, no matter where he or she is.
In terms of customer support, Alpari review notes it is sadly lagging behind its competition. If some of their clients need assistance, they will have to request it on a business day, between 05:00 and 16:00 GMT, but at least they won’t have to deal with the red tape. Other than that, the selection of means to reach them is pretty standard: apart from emails and live chat, there is Skype and phone, all available in 8 different languages, including English.
Trading support is somewhat more useful; even the stingiest Alpari review would have to acknowledge that. One of the main selling points of Alpari is the quality of their analysis and trading signals, including autochartist. Their fundamental analysis covers all major aspects and accounts for things such as: Event calendar, holidays, news, interest rates, macroeconomics etc. Technical analysis consists of Autochartist’s trading signals as well as forecasts from Trading central, while their expert analysis is done both locally and by experts from around the world.
For more information visit Alpari’s official website.