Alpari International Review: Is Alpari.com Safe or Too Risky?

Alpari International is a broker that trades in forex market. It is owned by Alpari Group, an internationally known forex industry. It claims to have been created in 1998 by Andrey Dashin.

Location of this broker is Suite 305, Griffith Corporate Centre, Kingstown, Saint Vincent and the Grenadines. It claims to be licensed by the FSASVG. Clearly, this broker is in an offshore location.

The page mentions that it has a clientele of 2 million people in 150 countries. Also, it is stated that in 2017, Alpari trading turnover passed 1.3tn USD.

This broker mentions that it will increase financial literacy, provide access to international markets and take part in regulating forex market and improve its reputation.

Alpari publishes on the website, several awards and invites clients to join their social media community.

Though it claims to be a member of The Financial Commission, it does not claim to be licensed.

Trading Platform

Although not mentioned on the page, digging revealed that Alpari International runs its trading software on MT4. It is also found that it has a BinaryTrader platform for executing Binary options trades.

Further, Alpari International has a signal service gotten from MQL5 to give clients better options of EA.

Spreads differ from account to account. For example, the ECN account has a spread of 1.0 pip on EUR/USD.

The leverage offered by Alpari International is at a maximum of 1:1000. This is generous when compared to the average leverage of other brokers.

Deposit And Withdrawal Methods On Alpari International

For clients looking to make payments on Alpari International, they can do so via: Visa, MasterCard and Bank Wire Transfer. It also has e-Wallet options like Skrill, Neteller, WebMoney, MoneyNet and more.

There is no minimum deposit requirement. It has only types of accounts and a trader can start any with as low as $1. Withdrawal charges are not mentioned as well on Alpari International page.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is Alpari International A licensed Broker?

No. Alpari International is located at an offshore address and forex trades are not regularized there. This means that misappropriation of funds will not be looked int by any authority.

Support

To get help and other assistance, a client can have a live chat with a representative. They can call +44 8449 869559 or email info@alpari.com

Conclusion

The major blow is that Alpari International does not hold a license. It is however part of a reputable company from our investigation. The page does not also provide enough information on how safe funds are. Charging no commission is a good sign and the generous leverage offered.

 

COMPARE WITH A TRUSTED BROKER

Fortrade

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Alpari International
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