- Great Bonuses and Contests
- Choice of Demo Accounts
- Pleasing Website
- Only Two Accounts Types
Alpari ReviewAlpari Review
Alpari Limited originated in Russia in 1998 but has since moved to the UK and is registered by the Financial Services Authority. Alpari is a worldwide FX dealer and is one of the largest Forex brokerages in the Forex world. Alpari is licensed by five different agencies. Alpari UK has now been united with Alpari Global.
Alpari.US is registered with the US Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and Retail Foreign Exchange Dealer (RFED) and is a member of the US National Futures Association (NFA).
Alpari offers traders the opportunity to trade Spot Metals, Stock CFDs, ETF CFDs, Index CFDs and Commodity CFDs. In addition, binary option trading is also available. Binaries can be based on either currencies or spot metals.
Alpari has several features that are unique to the industry.
There are several different investment portfolios to choose from all with easy access to the financial markets. Traders can choose any of these investment portfolios and depend on the expertise of professionals, avoiding making the decisions themselves.
The Balanced portfolio includes ETFs with holdings in primarily American stocks and more conservative securities such as bonds and real estate funds.
Alpari Balanced Investment Portfolio
The Energy portfolio is a diversified portfolio with almost 70% in ETFs spanning various sectors of the energy industry, including oil and gas production, refining, distribution and infrastructure as well as alternative energy.
The Index portfolio gives investors a broad exposure to the U.S .stock markets and is composed of ETFs tracking four of America's leading indexes spanning all sectors of the economy and the Precious Metals portfolio invests in all metals including gold.
The Real Estate portfolio comprises American exchange-traded real estate investment trusts and real estate index ETFs and the Forex portfolio is composed of currency ETFs as well as currency futures and options. A wide variety of techniques are utilized in the management of this portfolio, including long and short positions, arbitrage and neutral options strategies.
Quite a different type of portfolio is the BRICs portfolio which invests in raw materials in Brazil, Russia, India, China and South Africa.
Alpari offers traders the choice of the Standard account and the Premium account for clients with large deposits.
All Premium clients are assigned their own personal manager. They can also contact Alpari investment experts for assistance and to discuss better investment terms. Premium clients automatically receive a full refund on the commission for making deposits and withdrawals and can trade without any limit on the number of their trades.
In addition, Premium clients receive free bonuses and savings on negative swaps, commissions on pro.mt4 accounts and commissions on using the Swap-free and Weekend Fee options. They can also request an advance of up to 10,000 USD into their trading account.
I was pleased to see when doing this review that not only was there one type of demo accounts but several—the demo.standard.mt4, demo.ecn.mt4 and demo.nano.mt4. All of these expire only if a trade has not been placed in the last 21 days. Since there is no limit on the number of demo accounts that can be opened, if one expires, a new one can be opened.
The Nano Account, which is denominated in cents allows traders moving out of a demo account to get used to live trading and work out their strategies in a real trading environment with minimal risk.
Alpari Account Types
The Alpari PAMM account service allows investors to earn on Forex markets with the assistance of managers assigned to help them.
Alpari also offers traders the opportunity to invest in structured products which combine conservative fixed-income instruments with riskier assets that offer a higher potential return. Clients can choose structured products based on the underlying assets of more than 20 currency pairs, gold, silver, indexes, shares, oil and agricultural products such as wheat, corn and sugar.
Structured Product Example
Alpari Bonus is a unique service within the Forex industry, where traders can earn points that can be exchanged for a number of transactions. The more active a trader is in the Forex market or the higher his trading and investing volume, the more bonus points he can earn.
Another interesting bonus not offered by any other broker I’ve ever reviewed is their ‘Select Your Discount’ promotion where traders can choose among seven different discounts and receive a refund to their account every month. The refunds can be combined and used for trading and investing, can be moved it to another account or withdrawn altogether.
The choice of discounts includes the following: 30% on Swaps; 20% on spreads; 30% on commissions to deposits or on commissions for pro.mt4 accounts; 30% on a conversion rate; and 30% on commissions for Swaps and Weekend Fees.
Exclusively for UK traders, Alpari offers an additional 30% deposit bonus.
Alpari is big on contests and at the time of this Alpari review there were at five different contests going at the same time. Contest rules and past results are conveniently posted with each contest and interviews with contest winners are posted on the site as well.
Alpari offers market analysis, trading ideas and investment tips on a daily basis. Traders can follow all the latest economic information with the FXStreet event calendar as well as free up-to-the-minute news and commentary from Dow Jones. Seminars and webinars are also offered.
Alpari Market Analysis
Technical analysis and forecasts are provided by Trader Central and the Autochartist signal service automatically analyzes charts and emerging patterns, helping to predict the most likely outcomes of events in the market.
Both deposits and withdrawals can be made via bank transfers, credit cards, Skrill, Neteller, WebMoney and several other online payment programs.
Support is provided at Alpari through Chat 24/5, email and telephone. The website can be viewed in English, Russian, Indonesian, Portuguese and Chinese
Alpari is a well-trusted dealer in the FX world. The ability to trade options is a huge bonus, and the spreads are some of the best non-ECN spreads available. With international offices and the broker allows clients from around the world and is very well respected. I especially liked the website graphics which are colorful and fun to view.
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