Alpari Minimum Deposit

Alpari - Minimum Deposit

 

Alpari Minimum Deposit

 

The minimum deposit amount is $50.

Alpari requires a minimum deposit of $50 for traders residing in Iran and $100 for traders residing in other countries. $100 is equivalent to ZAR1,865.41 at the current exchange rate between US Dollar and South African Rand on the day that this article was written.

Traders who reside in Iran will only be required to make a minimum deposit of $50 on Standard and Micro Accounts, and $250 on ECN and Pro Accounts.

 

The minimum deposits payable (outside of Iran) when opening an Alpari account can be broken down as follows per account type:

  • Forex Standard Account – $100 or currency equivalent
  • Forex Micro Account – $1000 or currency equivalent
  • Forex ECN Account – $20,000 or currency equivalent
  • Forex Pro Account – $25,000 or currency equivalent

 

Alpari is a broker which is authorized and regulated by two different regulating entities, namely SVG FSC and IFSC, and as a regulated broker, one of the requirements is that client funds be kept in segregated accounts.

In complying with this, amidst several other strict rules and regulations, all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

Deposit fees and deposit methods

 

Alpari offers clients a significant number of ways in which funds can be deposited into the trading account.

 

This includes, but is not limited to:

  • Credit/Debit Card
  • Bank Wire Transfer
  • FasaPay
  • TC Payment
  • A variety of e-wallets such as Skrill, Neteller, Bitcoin and more

 

Alpari supports the following deposit currencies in which traders can fund their accounts:

  • USD
  • EUR
  • GBP
  • CHF
  • AUD, and more

 

The deposit currencies are determined by the payment method that the trader wishes to use, and traders should note that specific payment methods only support a certain currency while some support a variety of currencies.

 

Step by step guide to Alpari minimum deposit amount

 

To deposit the minimum amount, traders can follow these steps:

  1. The trader can log into their Alpari account from the website.
  2. On the MyAlpari page, the trader can navigate to ‘My Money Section’ and select the ‘Deposit’ page.
  3. The trader can select their preferred method of payment before clicking on ‘Deposit’
  4. The trader can then fill in the required information and proceed.
  5. On the next page, the trader can confirm the deposit details.

 

Traders should take note that depending on the payment method used, some transactions may take a certain amount of time depending on the method, time of the day, and day of the week.

Wire Transfers take anything from a day to a few business days depending on the time the payment was made during the day along with the day of the week.

 

 

Pros and Cons

 

PROS CONS
1.      Low minimum deposit amount 1. None noted
2.      No deposit fees
3.      Variety of payment methods supported
4.      Variety of deposit currencies

 

FAQ

 

What is the Alpari minimum deposit?

$50 for Iran-based traders, $100 for all others.

 

How do I make a deposit and withdrawal with Alpari?

Alpari offers some of the following popular deposit and withdrawal methods:

  • Credit/Debit Card
  • Bank Wire Transfer
  • FasaPay
  • TC Payment
  • A variety of e-wallets such as Skrill, Neteller, Bitcoin and more

Alpari prohibits third party payments. Deposits and withdrawals must be to and from the same account that the trader registers when opening a live account.

 

Does Alpari charge withdrawal fees?

Yes.

 

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

 

How long does it take to make a withdrawal?

Depending on the payment method used, payments can reflect instantly or take up to 3 or 4 business days.

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