Alpari UK Review

Alpari UK Review by professional Forex trading experts the “” FX trading team, Finding out everything you need to know about the broker is in this Alpari UK Review.

Alpari UK Review

Headquarters: 201 Bishopsgate, London, EC2M 3AB

Country: United Kingdom

Regulated by: FCA (UK)

Micro Account:

minimum deposit: $200

minimum lot size: 1k (micro lot)

max leverage: 1:500

Classic Account:

minimum deposit: $200

minimum lot size: 10k (mini lot)

max leverage: 1:500

Pro Account:

minimum deposit: $10,000

minimum lot size: 100k (lot)

max leverage: 1:100

MT5 Account:

minimum deposit: $200

minimum lot size: 1k (micro lot)

max leverage: 1:500

Spread Betting Account:

minimum deposit: £250

minimum lot size: 10k (mini lot)

max leverage: 1:500

Spread:

Variable, from 1.2 pip

Deposit/Withdraw

Bank Wire, Credit card, Cheque

Platform:

Metatrader, Currenex

Signal Providers:

Tradency

What Is Alpari UK

Alpari UK is the British subsidiary of the global forex and CFD broker Alpari. The daily trading volumes of Alpari UK are reported to reach an average of $9.4 billion, and over 200,000 registered accounts.

Globally, Alpari is regulated by a number of authorities: BaFin (Germany), FSA (Japan), Kanto Local Finance Bureau (Japan), CFTC (USA), NFA (USA), FRA (Russia), and CySEC (Cyprus). Alpari UK falls under the jurisdiction of FSA (UK).

Customer money is kept in segregated accounts, and along with that the broker offers client asset protection under the Financial Services Compensation Scheme (FSCS) – so there is little chance you would lose any money if Alpari UK goes broke.

What may get you, though, is the slippage – the average negative price correction observed with the broker is 1.66 pips which is a bit too high. What’s more, the typical spreads are ok – 1.6 pips on EUR/USD – but widen significantly depending on market behavior.

A silver lining is that the broker supports an automated risk management system designed to protect your account balance in case it turns to a zero or negative balance.

In terms of trading strategies, Alpari UK is pretty liberal: scalping, hedging and Expert Advisors use are all allowed without a restriction.

For newbies, Alpari has a somewhat comprehensive educational section with a glossary and video tutorials, and more advanced traders can take advantage of a number of tools, such as the Autochartist pattern recognition program, Trading Central (a technical analysis software), etc.

Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.

Alpari UK Review Conclusion

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