Alpari offers hundreds of assets to trade. Besides, it also offers a low minimum deposit. However, unregulated and limited information puts traders at risk of financial loss.
Pros and Cons
Is Alpari Legit?
Alpari (Comoros) Ltd is registered under the number HY00423015. However, customers were unable to locate any information regarding the Autorité de Régulation des Marchés Financiers (ARMF).
What Can I Trade on Alpari?
Alpari provides hundreds of markets, including Forex, Metals, Commodities, Indices, Cryptos and Stocks.
Account Type
Alpari provides 3 account types: PRO ECN, ECN and Standard. It also provides demo accounts.
Demo accounts help customers to practice their abilities and obtain financial knowledge. Then, they can utilize live accounts to engage in actual trading.
PRO ECN account is designed for those who are professional ones.
ECN account is a good choice for experienced traders.
Standard account is suitable for beginners.
Alpari Fees
Trading Platform
Deposit and Withdrawal
Alpari requires a minimum deposit of $1. So does the minimum withdrawal.
Deposit Options
Withdrawal Options
Customer Service
The Bottom Line
In conclusion, Alpari provides hundreds of assets with low deposits for traders, which attracts many small asset traders. However, investors will suffer from withdrawal risks because of inadequate information. Traders need to be cautious when selecting a broker.
FAQs
Is Alpari a good for beginners?
No. Although it offers demo accounts, low minimum deposit, and beginner-frienddly MT4 trading platform, unregulated status is a great concern.
Does Alpari offer commission-free trading?
It varies on the account type and trading asset class. If you choose the PRO ECN account, you will have to pay a commission. But if you choose the Standard or ECN account, it seems that no commission will be charged.
