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    Alpari broker vs FXTM.com

    Alpari broker vs FXTM.com

    Everything you need to know about Alpari Broker

    Alpari broker was founded in 1998. It is one of the former, famous, and established Forex brokers. They are the pioneers of presenting MetaTrader 4 and MetaTrader 5 trading software.

    Nowadays, they have the most promoted tools and different account types to offer. Additionally, they give 50 Forex pairs, 30 CFDs on indices, commodities, metal, and bitcoin.

    Here are some facilities for investors like PAMM funds, social media trading and structured products on Metatrader.

    Alpari broker is most trusted and regulated by the "Cyprus Securities and exchange commission and financial service commission."

    In this article, we will completely recall everything related to the Alpari Broker and notify you about "If the policy is safe for your funding or not?"

    Let's scroll down for the basics.

    Regulations and licensing of Alpari broker

    Alpari is one of those brokers that are considered reliable for Forex trading and CFDs. They have a significant history: the CySEC and FSC regulate them. You can scan the license number of Alpari broker on FSC by entering this license number "C113012295".

    Along with it, they also preserve your account from going to the "negative balance," and let's suppose if the market somehow goes in opposition to your Forex strategies, you won't overlay any negative balance.

     

     

     

    Pros and Cons

    Pros

    Cons

    Regulated by FSC and CySEC

    None

    They are experienced

    Protect your balance from falling into negative 

     

    Account types of Alpari broker

    There are two types of accounts that Alpari broker is offering:

    • Standard Account
    • ECN Account

    We are going to discuss each account in detail. So let's get started.

     

    Standard Account

    Forex Standard Account, MT4 

    Forex Micro Account, MT4

    Currency

    USD / EUR / GBP / NGN

    USD / EUR / GBP / NGN

    Leverage

    Starting From 1:1000

    Fixed 1:400

    Maximum Deposit Limit

    No

    No

    Commission 

    No

    No

    Minimum Deposit

    $100

    $5

    Execution Type

    Instant Execution

    Instant Execution

    Spread

    From 1.2

    From 1.7

    Margin Calls

    60%

    50%

    Stop Out 

    40%

    30%

    Swap Free 

    Yes 

    Yes

    Limit and Stop Levels

    1 Spread 

    1 Spread

    Pricing

    Five decimals for FX trading, Two decimals for spot metals

    Five decimals for FX trading, Two decimals for spot metals

    Minimum Volume Per Trade

    0.01

    0.01

    Maximum Number of Orders

    Unlimited

    1000

     

    Now, let’s talk about the other account type that Alpari Broker is offering: 

    ECN Account

    Forex ECN Account, MT4, MT5 

    Forex PRO Account, MT4, MT5

    Currency

    USD / EUR / GBP / NGN

    USD / EUR / GBP / NGN

    Leverage

    Starting From 1:1000

    Fixed 1:300

    Maximum Deposit Limit

    No

    No

    Commission 

    No

    No

    Minimum Deposit

    $500

    $25000

    Execution Type

    Market Execution

    Market Execution

    Spread

    From 0.4

    From 0.4

    Margin Calls

    100%

    120%

    Stop Out 

    80%

    100%

    Swap Free 

    Yes 

    Yes

    Limit and Stop Levels

    1 Spread 

    1 Spread

    Pricing

    MT4: Five Decimals for FX Trading, Two Decimals for Spot Metals

    MT5: Five Decimals for FX Trading, Three Decimals for Spot Metals

    Five Decimals for FX Trading, Two Decimals for Spot Metals

    Minimum Volume Per Trade

    0.01

    0.01

    Maximum Number of Orders

    Unlimited

    Unlimited

     

     

    Pros and Cons

    Pros 

    Cons

    Accounts for every type of investors

    None

    Live Trading Accounts

    Demo Trading Accounts

     

    Trading Platform

    Alpari broker gives two types of trading platform to start your trading circle with:

    • MetaTrader 4
    • MetaTrader 5

    You can download both the platform by Clicking Here. In addition to this, you can also download a variety of versions for the trading platform to use on  different devices such as:

    • MT4 and MT5 for IOS
    • MT4 and MT5 for Windows 
    • MT4 and MT5 for Android
    • MT4 and MT5 for Ipad
    • MT4 and MT5 for web trading

    As mentioned above, the trading platform helps you trade on any device and you won't find any inconvenience.

    Let’s now move towards the most crucial information linked with the Alpari broker and notify you about “What Alpari broker has to offer you.”

    The spread of Alpari broker

    The spread of Alpari broker differs according to the account type and that too for "different reason." For example, the spread for the “Beginner and Pro” account is different. You can use the spread in your way.

    Here, we have two accounts that Alpari broker is offering to us. Let's break out the spread and the names of the account below:

    • Standard Account (Standard account spread starts from 1.2, and for the Micro Account, the spread is 1.7)
    • ECN Account (Forex ECN account spread starts from 0.4 pips, and for the ECN Pro account, the spread is 0.4 pips as well)

    So, that's all from the spread circle of the Alpari broker; let's now move forward for execution time.

    Execution of Alpari broker

    There are following the two types of implementations that Alpari broker offers to their customers:

    • Market execution
    • Instant execution

    Instant execution is valid only for the standard accounts, whereas ECN accounts can work with the market executions.

     

     

    Commission/Fee of Alpari broker

    Commission and fee in Alpari broker are entirely relying on which type of account you're using. To make you understand things more clearly and comfortable, we have posted a screenshot down below:

    In addition to this, the commission/fee of Alpari broker is entirely dependent on which account type you use.

    Lets now scroll down for customer services of Alpari groups.

     

     

    Customer service

    The customer serviceof the Alpari broker is satisfying, and people are happy with it. On asking questions about the usefulness of Alpari from more than 130 users, we have received some fantastic response; we are glad to share it with you people:

     

    • You get your reply in less than a minute.
    • Average net promoter rating: 6.33/10
    • Average professionalism rating: 5.22/10
    • Overall rating: 6.2/10
    • Broker standing: (26th out of 43 brokers)

    If you want to contact customer services, there are different ways of doing that:

    • Live Chat
    • Telegram
    • Pros and Cons

    Pros

    Cons

    Instant Replies

    None

    Professional Service

    24/5 Availability

     

    Lets now move towards the opening of the account step by step and also examine that it is easy to open an account for Alpari broker or not?

    Scroll down for further detail

    Here to open an account on Alpari broker

    Opening the account is super feasible, and all you've to do is follow the steps that we are presenting right now, and you’re done.

    Here we go!

    • The very first step is to head towards the main official website of Alpari broker by Clicking Here.
    • Once you reach the official website, you’ve to click on the Register Button as given in the screenshot below:

     

     

     

     

    • Upon clicking the button, you’ll be redirected to the back registration page, and here's the first outcome of the registration page:
    • The next step is to enter all the information they asked you to join, and then they will send you a pin on your Phone or Email. After that, enter that pin to process the things further down below.

     

     

    • After this, the next step is to check out the two boxes to accept their "Terms of data transfer policy." Check the two boxes and then click on the Register Now button mention in the screenshot.
    • You’re finally done

    The account shall be created without taking much time, and in the next step, you can quickly step up and choose the account type you want according to your needs.

    After all, isn’t the account opening easy?

     

    Let’s scroll down towards the pros and cons of account opening.

    Pros and Cons

    Pros

    Cons

    Super Fast

    None

    Fully Digital 

    Different account types to choose from 

     

    Now, the primary question that hit our mind is: "How to withdraw the payment from the account?" And to answer this question, we have completed our detailed research work. Read the given instructions carefully down below:

    How to deposit/withdraw profit money

    Here’s good news for you: “You don’t have to pay for depositing and withdrawing the money” and there are a variety of ways of doing that. 

    Let’s discuss it.

    • The first step is to log in to your Alpari account directly.
    • Moving towards the withdraw/deposit option from the main menu.
    • After that enter the details and choose the payment method that you want.
    • Click on the submit request button.
    • You’re finally done.

     

     

     

     

     

    There are several payment pathways that Alpari broker is giving you for deposit/withdrawal of your payments. Have a look at the screenshot below:

     

     

     

     

     

    Pros and Cons

    Pros

    Cons

    Withdrawal is easy and fast

    Might take more days in few cases 

    No deposit/withdrawal fee

    You can transfer money directly to your local bank.

     

    It’s time to differentiate the Alpari broker with fxtm.com and help you choose the suitable one for you. 

    Alpari broker vs. FXTM.com

    This is the most anticipated comparison because many people were asking about it, and guess what? We have completed our detailed research work on the following topic.

    So, without wasting more time, let’s rock and roll down.

    Broker

    FXTM

    Alpari

    Headquarter

    Cyprus

    Belize

    MM/STP Broker

    Yes 

    Yes

    ECN Broker

    Yes 

    Yes

    Founded

    2011

    1998

    Regulated by CYSEC

    Yes 

    Yes 

    Regulated by FCA

    Yes 

    Yes 

    Minimum Deposit 

    $5

    $1

    Demo Account

    Yes 

    Yes

    Micro Account 

    Yes 

    Yes

    ECN Account 

    Yes 

    Yes

    Islamic Account

    Yes 

    Yes

    Deposit Bonus

    No

    Yes

     

    So, this is an immediate comparison between the two giants, and now it’s time to parting about the trading platforms in much detail.

     

     

    Which Alpari trading platform is the best?

    There are two major types of trading platforms that Alpari Broker is offering:

    • MetaTrader 4
    • MetaTrader 5

    Let’s break out the benefits :

    MetaTrader4

    • User-friendly attributes
    • Available to all the major Forex trading features
    • Different language support
    • Multi-currency support
    • Automated trading

    MetaTrader5

    • MQL5 trading signals
    • 38 technical indicators and 21 timeframes
    • 4 execution modes
    • Market depth, hedging, and netting availability

    You can now easily choose the platform that fits your needs. And if you want to download the platforms, you’ll easily find the download button Here.

     

     

     

     

     

     

     

     

    Advantages and disadvantages of Alpari broker

    There are a few conventional advantages and disadvantages that we thought we should discuss with you in detail:

    Advantages

    • Alpari is licensed in different countries: Russia, Belize, Mauritius, St. Vincent, and Grenadines
    • They have a brilliant collection of MT4 and MT5 account types
    • They are the first ones who launched CFDs on bitcoin
    • They are the only member of the EDR organization (external dispute resolution)

    Let’s now scroll down towards the disadvantages:

    Disadvantages

    • They have great content on the Russian version of the website when collating with the English website
    • They have a restricted range of instruments for the CFDs

    These are the advantages and disadvantages connected with the Alpari Broker, and we are confident that the above-given information will add much value to your selection. 

    Before we wind up the topic, let us discuss “bonuses, promotions and contests.”

    Here you go!

    Bonuses, promotions and contests

    Alpari is offering a 100% bonus for naive customers so that they can start trading cheerfully. There are a few rules and instructions that you need to follow in order to relish the bonus:

    • Bonus offer will expire on 2nd of September 2020
    • You can make a deposit and get a 100% bonus
    • The bonus will be shifted to your account only if you deposit more than $100
    • You can’t withdraw the bonus until you earn some money from it through trading
    • The highest amount of bonus you can get is $3000

    So, that’s all about the bonus side, and now it’s time to move towards the promotion.

    Yes, they offer a promotion named "Refer to your friend" and earn up to $10 000. Every time you refer this platform to your friend and other people, you'll get $50 to your account. You can withdraw this money, and it will be accessible for withdrawal within seven days.

    Currently, there is no contest held on, and if we found one, we will steadily update you with everything about it. 

    That’s all from the topic "Alpari broker" and make sure to let us know which account type is perfect for you and why.

    Goodbye.