To ensure the successful execution of their strategies, traders should select the correct account type. Read my Alpari review to learn the pros and cons of the various Alpari account types and their features, understand the trading conditions, and determine which of the broker’s account types is the best one for your trading requirements. This review also includes a step-by-step guide on opening your Alpari account.

Alpari Account Types Overview

Traders can choose between three Alpari account types. The Alpari demo account and the Alpari Islamic account are also available.

Alpari Account Types Features
Individual
Minimum Deposit
$50
Minimum Forex Spreads
0.0 pips
Commissions
From $3.60 per 1.0 standard round lot
Maximum Leverage
1:3000
Minimum Trade Size
0.01 lots
Account Base Currencies
USD, EUR

Alpari Account Features

Alpari offers ultra-competitive trading conditions, including low swap rates for traders using Alpari leverage.

All Alpari account types offer traders the following:

  • An average order execution speed of 0.1277 seconds
  • 99.64% of orders are executed in less than one second
  • An average price improvement of 0.84 pips or $8.40 per 1.0 standard lot
  • The price improvement applies to 60.66% of orders
  • Commission-free spreads from 0.1 pips
  • A maximum leverage of 1:1000 with negative balance protection
  • A margin call at 80% account margin and an automatic stop-out at 50%
  • A balanced asset selection
  • The Alpari demo account and the Alpari Islamic account

Noteworthy:

  • The primary difference between the Alpari account types is the asset selection and Alpari fees

How to Open an Alpari Account - Step-by-Step

My Alpari broker review found that a swift online application form onboards new accounts, which takes less than ten seconds to complete.

Below is a step-by-step guide on how to open Alpari account types:

1. Click “Open Account” on the Alpari homepage.

2. Submit your country of residency and click “Next.” Now, submit a valid e-mail address and create your desired password. Click “Create my account” to access the secure Alpari back office.

3. Alpari complies with global AML/KYC requirements, making account verification mandatory. Most traders can complete it by uploading a copy of a government-issued ID and one proof of residency document.

Restricted Countries

During my Alpari review, Alpari listed the USA, Japan, Canada, Myanmar, the Democratic Republic of Korea, the European Union, the United Kingdom, Syria, Sudan, and Cuba as restricted countries.

Alpari Account Pros and Cons

Before funding an account, traders may consider the pros and cons of the Alpari account types.

The Pros of the Alpari Account Types

  • An Alpari minimum deposit starting from $50
  • MT4 and MT5, upgraded with Trading Central and the FX Blue package
  • Ultra-low trading fees
  • Excellent price improvement technology
  • Algorithmic trading
  • Six-tier Alapri Rewards for high-volume traders
  • Unlimited demo account
  • Fast order execution
  • Deep liquidity

The Cons of the Alpari Account Types

  • Only USD and EUR accounts

Alpari Account Types Bottom Line

The Alpari account types offer traders ultra-competitive trading conditions, and I recommend the Alpari ECN account for Forex, crypto, commodity, and index traders. The Alpari ECN Plus account is best suited for equity CFD and ETF trading. Alpari maintains one of the lowest pricing environments industry-wide, boosted by the Alpari Rewards program. The Alpari withdrawal methods depend on the trader’s geographic location.

Broker Comparison

FAQs

What is the average EUR/USD spread of the Alpari Standard account?

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Alpari does not list its average spreads, but the minimum spread for the Alpari Standard account is 0.3 pips commission-free, making it one of the best-priced offers.

Which platforms are supported by Alpari?

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Alpari supports the MT4/MT5 trading platforms and offers its proprietary desktop and mobile apps.

What is the Alpari minimum deposit?

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The Alpari minimum deposit is $50 or a currency equivalent on MT4, and $100 on MT5 for the commission-free Standard account. It is $300 on MT4 and MT5 for the commission-free ECN account, and $500 on MT4 and MT5 for the commission-based Pro ECN account, where Alpari offers access to its complete asset selection.

What are the types of trading accounts provided by Alpari?

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Alpari offers a Standard, ECN, and ECN Plus account. Traders can also open an Alpari demo account, and a Shariah-compliant, swap-free Alpari Islamic account, for Muslim traders, is also available.

By DailyForex.com Team
The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.