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Alpari Review

Posted By Marcus Holland On Tuesday, April 16th, 2013 With 0 Comments

A Review of Alpari UK

Introduction

Alpari Uk is an ECN broker that is based in London, and was founded in 2004. It is authorized and regulated by the Financial Services Authority (FSA) in the United Kingdom.

Asset Index

The asset index on Alpari UK is given below:

TICKER TYPICAL SPREAD (in pips)
EUR/USD 1.6
USD/CHF 2.7
USD/JPY 2.0
GBP/USD 2.8
AUD/USD 2.8
USD/CAD 3.7
EUR/GBP 2.1
EUR/CHF 2.8
EUR/JPY 3.2
GBP/JPY 5.6
GBP/CHF 5.8
EUR/CAD 7.2
EUR/AUD 7.0
USD/SGD 5.3
CHF/JPY 6.0
EUR/NZD 9.0
AUD/JPY 5.0
AUD/NZD 7.0
AUD/CAD 7.0
AUD/CHF 7.0
CAD/CHF 6.0
CAD/JPY 5.0
NZD/USD 6.0
NZD/JPY 7.0
USD/DKK 15
USD/NOK 53.9
USD/SEK 75.2
USD/HKD 6.1
SGD/JPY 5.0
GBP/AUD 6.2
GBP/CAD 6.2
GBP/NZD 10.1
EUR/TRY 8.1
USD/TRY 6.2

 

Platform used

The trading platforms that are available on Alpari UK are:

a) MetaTrader 4 – The MT4 trading platform, offers EA capability, the opportunity to trade forex, precious metals, and CFDs to its users. The MT4 platform also has apps for iPhones, iPads, and Androids.

b) MetaTrader 5 – This platform suites those who are very tech proficient. It offers the opportunity to build, test, and optimize Expert Advisors. It has the features of advanced EA capability, trading of forex and precious metals, direct market access, one click trading, and up to 1:500 leverage for forex. It also has apps designed for use on iPhones, iPads, and Androids.

c) Alpari Direct Pro – This is a web based trading platform that is best suited for the professional level trader. It is powered by Currenex®. Some of the key features of this platform include: high speed execution with no re-quotes, precious metals trading, spreads from 0 pips, lot size of 10,000 units of the base currency, 57 currency pairs, with the option of being fully customizable. It can also be used on the iPhone or iPad.

d) Alpari Direct – This Currenex® powered trading platform, is best suited for advanced, high-volume traders. It offers it users the opportunity to execute deals faster with inter-bank level pricing. It features 57 currency pairs, spreads from 0 pips, no dealing desk intervention, a user-friendly trading technology, precious metals trading, and high speed execution with no re-quotes. It can be deployed for use on the iPhone through the Alpari Direct iPhone app.

e) Mobile Trading –  Users of iPhones, iPads, Androids, Windows Mobile 2003, and Windows Mobile 5 devices, will find it easy to trade with Alpari Uk. By downloading the MT4 app, or MT5 app, users of these devices will be able to access the global forex market, real-time and on the go. Alpari Direct app is also available for download for iOS enabled devices.

Deposits and Withdrawals

Deposits can be made on Alpari Uk via Bank Wire, Credit Card and Cheque(UK residents), while Withdrawal can only be made through Bank Transfer.

Minimum Deposit

The minimum deposit amount required on Alpari UK is for a Micro account is 200 USD. For a Classic account, the minimum deposit is 500 USD, while for a Pro account, the minimum deposit is 10,000 USD for MT4 Pro accounts, and 20,000 USD for Alpari Direct Pro and Alpari Direct accounts.

Minimum Withdrawal Limit

There is no minimum withdrawal amount.

Maximum Withdrawal Limit

There is no maximum withdrawal limit.

Condition for Deposits and Withdrawal

The condition for withdrawal is that, funds can only be transferred to the same account that was used to make the deposit originally which must be in your name.

Customer Support

The customer support on Alpari Uk can be reached through the following means:

a)         Phone: +44 20 7426 2900

b)         Email: support@alpari.co.uk

c)         Live chat

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