Alpari Review

I would like to note first that the Alpari I'm talking about here is a separate company from Alpari UK and Alpari US, although the strings are pulled by the same Russian puppet masters. Alpari is run by Russians as a Seychelles company until recently (now a New Zealand company). I somehow seem to always find myself faced with a possibly dodgy situation to trade in. Maybe it's just that trading itself has lost its excitement, so I am looking for another thrill... But to be quite honest, I have had a much better experience trading with Alpari than with brokers found in much more "reputable" places. I will talk more about that in my next post, as there is a broker I have gotten myself into quite a dispute with. I have to give them a chance to unbreak my account before spewing vitriol about them, but stay tuned, it's coming.

Anyway, this post is about Alpari, and Alpari is well known among the hardcore retail forex traders as being very fair when dealing with trading disputes or ambiguities. Alpari is also well known among the same group of traders as having the best quality free historical charts data available. As a result, most people doing backtests on their MT4 Expert Advisors use Alpari data, unless they can bankroll some paid data, which is rare in the case of retail traders.

I have had personal experience with Alpari now, and can confirm that most of this reputation comes for a reason. There have been no disputes yet, so I can't report on that right now, but I have had all my orders respected to the pip so far. Combined with low spreads and a wide range of instruments to trade, Alpari is as competitive as any other MT4 broker out there. If you like MT4, then there is no reason not to give Alpari a try. Good reputation, low spreads, tons of instruments to trade, and a well-known, reliable trading platform are what you can expect from this broker.

PROS:
Stellar reputation for resolving disputes in a fair and logical manner;
MT4 platform ease of use and reliability, as well as automated trading heaven;
Lots of tradable instruments (see Quick Facts below);
Low spreads (from 1.8 pips on EUR/USD);
Been around since 1998;

CONS:
Unregulated, capitalization unknown;
MT4 platform lack of features;
Dodgy legal setup;

Quick Facts;
Tradable instruments: 51 spot currency pairs, CFDs on various US stocks, CFDs on index shares, CFDs on futures on stock indexes, CFDs on commodities and precious metals, etc.;
Headquarters in New Zealand and Moscow, Russia;
Target spread on EUR/USD is 1.8 pips (0.00018);
Established 1998;
Metatrader 4 (MT4) platform;

If you would like to open an account at Alpari, please visit their website.