Alpari Fees and Spreads

Alpari - Fees & Spreads

 

Alpari Fees and Spreads

 

The initial minimum deposit required starts from $50.

Alpari requires an initial minimum deposit which is determined by the type of account that the trader wishes to open and ranges from $50 to $25,000, with spreads that start from 1.2 pips.

 

Alpari fees and spreads are determined by the type of account that the trader chooses in addition to the type of instrument that is being traded. Depending on the type of account, Alpari’s spread list can be viewed as follows:

  • Forex Standard Account – spreads that start form 1.2 pips
  • Forex Micro Account – spreads that start form 1.7 pips
  • Forex ECN and Pro Account – spreads that start from 0.4 pips

 

While Alpari does not have commissions that are charged when using either the Forex Standard or Micro accounts in addition to the Forex Pro account, traders that make use of the Forex ECN Account will pay $1.5 per lot per side when executing trades.

Traders should note that certain financial instruments can only be traded during a certain time of the day, especially when considering different time zones, and additional fees may be charged should they hold these positions after they have closed.

 

Additional Trading Fees

 

Overnight fees, otherwise known as swap fees or rollover fees, may be charged for positions held open for longer than a day. Alpari offers the option of an Islamic account to traders who are of Muslim faith and who operate under the Sharia Law.

Traders who would like to apply for an Islamic or Swap-free account will only be able to do so should they open the following accounts:

  • Forex Standard Account
  • Forex Micro Account
  • Forex ECN Account with MT4
  • Forex Pro Account with MT4

 

Alpari does not offer traders with spread betting and therefore spread betting fees are not applicable to this broker.

 

Broker Fees

 

Alpari does not charge any deposit fees but withdrawal fees are charged and will depend on the type of method used when requesting for fund withdrawals.

 

The fees/commissions charged that are deducted from the withdrawal amount according to the withdrawal method used can be broken down as such:

  • Fasapay – 0.5%
  • South East Asia Online Banking – 1.4%
  • Latin American Solutions – Brazil: 3.2% and Mexico: 1% plus an additional 1 EUR.
  • Online Banking Malaysia and Indonesia – 2%
  • Nganluong (E-wallet and banking channel) – 1.1% plus an additional 0.05 USD
  • Online Banking Vietnam – 2%
  • Visa Cards, Mastercard and Maestro – 2EUR, 3 USD, 2 GBP
  • WebMoney – 2%
  • Perfectmoney – 0.5%
  • Bitcoin – 1%
  • Bank Wire Transfer – 30 EUR

 

In addition to fees and commissions charged when making withdrawals, Alpari also charges an inactivity fee of 5EUR/USD/GBP or NGN equivalent should the trader’s account be inactive for a consecutive period of six calendar months.

This fee will be charged on a monthly basis for every month that the account remains inactive.

 

Pros and Cons

 

PROS CONS
1.      Variety of accounts 1.      Islamic/Swap-Free account available only when using MT4
2.      Tight spreads 2.      Commissions/fees charged on withdrawals
3.      Low commissions charged
4.      Islamic/Swap-Free account offered

 

FAQ

 

How many instruments can I trade with Alpari?

You can trade over 250 different instruments with Alpari, which include the following, but is not limited to:

  • Forex
  • Spot Metals
  • Indices, and more.

 

Which platforms are supported by Alpari?

Alpari provides the following popular trading platforms:

  • MetaTrader4
  • MetaTrader5

 

Does Alpari offer leverage?

Yes.

Alpari offers a maximum leverage of up to 1:1000 depending on the trading account and the financial instrument being traded.

 

What spreads can I expect with Alpari?

Spreads from as little as 0.4 pips.

The spreads will be determined by the different financial instrument that is being traded in addition to the trading account being used.

  • Forex Standard Account – spreads that start form 1.2 pips
  • Forex Micro Account – spreads that start form 1.7 pips
  • Forex ECN and Pro Account – spreads that start from 0.4 pips

 

Does Alpari charge commission?

Yes.

Commissions of $1.5 per lot, per side traded are charged when using the ECN Account.

 

Is Alpari regulated?

Yes, Alpari is regulated by the highly reputed FSC in Saint Vincent and the Grenadines, and IFSC in Belize.

 

Is Alpari a recommended forex trading broker for experts and beginners?

Yes, Alpari offers a good trading environment for all types of traders, from beginners to advanced.

 

What is the overall rating out of 10 for Alpari?

8/10

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