In this article, we will review Alpari broker as one of the oldest forex brokers that has been providing services for years.
The review of Alpari broker shows us that this brokerage has gone bankrupt at one point of time, despite years of experience in providing services.
This issue raises the question whether this broker is a suitable place to do forex transactions or not?
In this article we will cover:
- A look at Alpari broker reviews by critics and why they oppose trading in this broker
- Introducing 5 trading accounts in Alpari broker
A look at Alpari broker reviews by critics and why they oppose trading in this broker
Opponents of trading with Alpari broker usually give this reason for their opposition. It is the bankruptcy of the company before.
In general, the reason for the bankruptcy of Alpari England was the unexpected drop in the value of the US dollar against the Swiss franc, and this happened to many other brokers, and it was not only limited to Alpari brokerage.
Even then, many big banks suffered huge financial losses and had to take out heavy loans to compensate their customers.
Introducing 5 trading accounts in Alpari broker
Brief review of standard MT4 account opening
- If you pay attention to a number of successful and old traders of the Forex market and check their activities, you will see that they all have Standard MT4 accounts and benefit from this Alpari broker account in their daily transactions.
- Trading using this account has a low loss and is known as a classic account.
- The amount of user commission in this account is zero and the highest total volume is lot and open account.
- In the standard MetaTrader 4 account, the Instant Execution method is used to execute trades.
- Here the base currencies are USD, EUR and GLD and the minimum balance limit set for them is 20.
- 20% is also considered for Stop Out in Metatrader 4 Standard account.
Brief review of standard MT5 account opening
- This type of standard account in Alpari is newer than the standard MT4 account and serves customers on the Metatrader platform.
- Newcomers to the Alpari broker can familiarize themselves with this business program from the standard account and start trading.
- The base currencies used here include USD, EUR and GLD.
- The minimum balance amount in the above currencies is 100.
- Standard MT5 account also has no fees and Stop Out is 20%.
- Just like the standard account in MetaTrader 4, trades are executed here through Instant Execution.
A brief review of opening a nano MT4 account
- Another one of the most traditional accounts in the Alpari broker is the Nano Metatrader 4 account.
- The amount of capital that traders have in this account is displayed in cents.
- Nano Metatrader 4 account is the best for traders who are trying to make their trades as low as possible.
- The base currency in Nano account is USC (USD cent) and EUC (EUR cent).
- The method of making trades is exactly the same as the standard Metatrader 4 and 5 account.
- Unlike standard accounts, the Stop out rate here is 10%.
- In Metatrader 4 Nano account, you don’t need to pay commission.
A brief review of opening a Pro account. ECN. MT4
- This trading account, which is designed on the MT4 platform, connects users to Forex.
- Alpari broker Pro account has many fans and followers.
- In Pro ECN, the way of executing transactions is Market Execution.
- The minimum amount of balance for base currencies USD, EUR and GLD is set at 500.
- Here you have to pay a fee of USD 16 per 0001.
- The percentage of stop out users in this account is 60%.
A brief review of opening an ECN account. MT4
- Forex traders can do their trades in this option from ECN account in Alpari broker, through MT4 platform.
- In Metatrader 4 ECN account, all types of liquidity between banks are available.
- In this way, all users can plan and register orders whose commission has already been calculated in the spread.
- Here too, you should use the Market Execution method to make transactions.
- The base currency in this type of account is USD, EUR, GLD like some other broker accounts.
- The minimum balance for the mentioned currencies is 500.