Articles

Forex Broker Review: Alpari UK

 

Note: (Alpari UK is out of Business since 2015)

Other Forex Brokers Comparison

 

ALPARI UK GENERAL INFORMATION

Found: Alpari UK was found in 1998

Headquarters: Alpari UK has offices in London, UK

US Residents: Alpari UK will not accept traders from US –No-

Islamic Accounts: Alpari UK supports Islamic AccountsYES-

Regulated: Alpari UK is regulated by FSA (No 448002), CFTC / NFA ( No 379678), CySEC (No 129/10) and FSP (No 28048)

Languages: Alpari UK website supports 5 Languages (English, German, Chinese, Korean and Arabic)

 

ALPARI UK TRADING INFO SUMMARY

 

■ Broker Type: ECN / STP

■ CFD Trading: YES

Platforms: Alpari UK Offer 1) MT4 & MT5 2) Alpari Systematic 3) Alpari Direct and 4) Direct Pro, also Signals (EA) from ZuluTrade, JForex

Trading Time Zone: EET (Eastern European Time) in winter and EEST (Eastern European Summer Time) in summer. It is equal to GMT/BST (UK time) + 2 hours.

■ Demo Account: Alpari UK is providing a Demo Account YES-

■ Typical Spread EUR/USD: Alpari UK spread on EUR/USD is from 0 to 3.1 pips

■ Leverage: Leverage at Alpari UK is from 1:100 up to 1:500

Scalping /Hedging: are allowed at Alpari UK YES-

■ Welcome Bonus: No

■ Minimum Account: $200

TRADING ASSETS

ALPARI UK TRADING ASSETSAlpari UK is providing a wide variety of trading assets including many Forex pairs and CFD Trading*.■ 57 Forex Currencies■ Precious Metals■ CFD Trading■ Spread Betting*Please check below the New Account Slider for more information.

COMMISSIONS & LEVERAGE

ALPARI UK TRADING SPREAD & COMMISSIONS 

Alpari UK Spread on EUR/USD is from 0 to 3 pips. No commissions are charged for mini and classic accounts. For more information check below the section / slider labeled “New Account Information”.

ALPARI UK TRADING LEVERAGE 

Leverage at Alpari UK can be up to 1:500

TRADING PLATFORM & MOBILE

ALPARI UK TRADING PLATFORM 

Alpari UK is offering a wide variety of Trading Platform. Scalping and Hedging are allowed at Alpari UK.

 

Demo account is available at Alpari UK.-

Online Platforms include:

1) Alpari MetaTrader4

2) Alpari MetaTrader5

3) Alpari Systematic Platform

4) Alpari Direct and Direct Pro Platforms 

Expert Advisors:

+Signals from ZuluTrade,

+Dukascopy JForex support

 

Here are some Alpari offerings to traders:

■ Alpari Squawk (free audio stream)

■ Free Forex research

■ Alpari Central of Technical Analysis

■ Stocks Research (for CFDs)

■ Autochartist

■ Alpari Web TV

ALPARI UK MOBILE TRADING 

Alpari UK offer a mobile version of Metatrader4 for iPhone, Android and Windows mobile devices

NEW ACCOUNT INFORMATION

 

Alpari UK Minimum Account:

 

The minimum initial deposit required for opening an account on Alpari UK is 200 USD.

TRADING ACCOUNT TYPES

Here are all the Account Types at Alpari:

Alpari Accounts

Micro MT4

Classic MT4

Classic Systematic

Pro MT4

Pro Direct

Min. Deposit:

$200

$500

$500

$10,000

$20,000

Trading Platform:

MetaTrader- 4

MetaTrader-4

Alpari Systematic

MetaTrader-4

Alpari Direct Pro

Alpari Account Currency:

USD, EUR, GBP, JPY, CHF and GLD

USD, EUR, GBP, JPY, CHF and GLD

USD, EUR, JPY, GBP, CHF

USD, EUR, JPY, GBP, CHF

USD, EUR, JPY, GBP, CHF

Trading Assets

34 Currency pairs,
plus gold and silver trading

34 Currency pairs,
plus gold, silver and 17 CFD assets

34 Currency pairs,
plus gold and silver trading

57 Currency pairs,
plus gold and silver trading

57 Currency pairs,
plus gold and silver trading

Minimum Spread:

1.6 pips min

1.6 pips min

3.1 pips min

0 pips min

0 pips min

Maximum Leverage

1:500 for Forex Trading and
1:50 for precious metals trading

1:500 for Forex Trading and
1:50 for precious metals,
(5% margin for CFDs)

1:500 for Forex Trading and
1:50 for precious metals

1:100 for Forex Trading and
1:50 for precious metals

1:100

Min. Alpari trade size:

0.01 lot

0.10 lot

0.10 lot

1 lot

0.10 lot

Commissions:

No

No

No

Yes

Yes

Telephone trading:

Yes

Yes

Yes

Yes

Yes

 

DEPOSIT FUNDS AT ALPARI UK

Alpari UK Deposit Methods:

Credit Cards

Bank Wire

Web Money

MoneyBookers

CashU

UKASH

 

Alpari UK Withdrawal Methods:

Credit Cards

Bank Wire

Web Money

MoneyBookers

CashU

UKASH

ALPARI UK NEW ACCOUNT DOCUMENTATION

1) Trading Accounts

These documents are required by Alpari UK

(i) ID verification (non-expired)

-Passport; or

-Photocard driving license; or

-National ID card

(ii) Address verification*

-Bank statement; or

-Utility bill or

-Credit card statement.

*Documents must be certified by a lawyer, bank manager or Notary Public as a "true copy of the original", and include the stamp, full name, address, date and signature of the person performing the certification.

 

2) Corporate accounts

These documents are required by Alpari UK:

1) Certificate of Incorporation

2) Memorandum and Articles of Association

3) Proof of business address (if different from registered address)

4) Verification of 2 Directors*

5) Verification of shareholders owning more than 25% of the company's shares

 

RESTRICTIONS:

Due to regulatory restrictions, Alpari is unable to open new accounts to traders / residents of the following countries: Canada, Japan, Afghanistan, Cuba, Belarus, Comoros, Cote d'lvoire, Congo, Iran, Iraq, Libya, Puerto Rico (US citizens), Syria, Somalia, Sudan, Myanmar, North Korea, and Zimbabwe.

Alpari Review Conclusions:

Alpari UK is considered a good choice for trading Forex and CFDs. It is a large and high regulated Forex company offering many platforms, wide variety of Forex Pairs and good trading terms. Automated trading and scalping are allowed and the trading leverage can be up to 500:1. The spreads are considerably narrow for some account types but trading commissions are charged to those accounts that enjoy these very narrow spreads. Before becoming a trader in Alpari you have first to provide them with a wide number of documents proving that you will trade legitimate. The minimum account is just 200USD. 

CONTACT INFORMATION

Alpari UK offices:

Registered office: 201 Bishopsgate, London, EC2M 3AB, United Kingdom.

Alpari has offices in 50 countries including USA, China, Cyprus, India, Germany, Japan, Russia, Mexico, Nigeria, Turkey and the United Arab Emirates.

Client Services Helpdesk

07:00-22:00 (UK time) Mon-Fri
Tel: +44 (0)20 7426 2900
Fax: +44 (0)20 7426 2949

Media relations

09:00-18:00 (UK time) Mon-Fri
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it.
Tel: +44 (0)20 7426 2800

ALPARI UK REVIEW PROS & CONS (According to competition)

ALPARI UK REVIEW CONCLUSIONS

ALPARI UK PROS

ALPARI UK CONS

√ Narrow Spreads compared to competition

√ Wide variety of Trading Assets including CFD trading and Precious Metals

√ Many Trading Options (platforms, scalping, automated trading)

√ Alpari Web TV and Alpari Squawk (free audio stream)

√ Free Forex research and Central of Technical Analysis

√ Autochartist

X Commissions for Pro MT4 and Pro-Direct Accounts

X A lot of Paperwork to become a real trader

 

 
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