Alpari Forex Broker Review: Everything You Need to Know

As a professional trading broker reviewer at DayFunded, today I am excited to present an in-depth look at Alpari, a well-established forex broker with more than two decades of experience in the market. With an impressive average rating of 4.7 and a minimum account size of just $1, Alpari caters to a wide range of traders from beginners to seasoned professionals.

About Alpari

Founded in 1998 and online since the year 2000, Alpari is operated by Alpari Limited and FT Invest Ltd. Over the years, Alpari has built a reputation for being a reliable and customer-centric broker, often introducing innovative features and services to address the evolving needs of its clients.

Key Features of Alpari

What sets Alpari apart are some notable features you, as a trader, might find extremely beneficial:

Trading Flexibility

Alpari's minimum position size is 0.01, allowing for more freedom in managing your trading strategy – whether you prefer to make a larger number of smaller transactions, or are interested in testing the waters without committing significant capital.

Comprehensive Trading Resources

For the uninitiated, trading can be a daunting task. Fortunately, Alpari provides free education resources to help beginners develop a solid understanding of the market.

Added Value Services

Alpari offers several added value services like Managed accounts, Segregated accounts, Trading contests, PAMM (Percent Allocation Management Module which is a software application used primarily by foreign currency market brokerage firms), and Bonuses. These additional features not only diversify your experience but also contribute to making your trading journey more fruitful and enjoyable.

Unique Trading Options

Lastly, Alpari is one of the few brokers where you can trade by phone. This option offers the flexibility to execute trades even when you're away from your computer.

Leverage

Although the maximum leverage with Alpari is unclear in the offering, it can be inferred that Alpari offers competitive leverage opportunities considering their portfolio of features.

Regulation and US Traders

Currently, there is no serious regulation associated with Alpari. However, it is crucial to bear in mind that the lack of stringent regulation does not necessarily mean a lack of reliability or trustworthiness.

For those based in the US, take note: Alpari does not allow US traders to open accounts with them. This is due to regulatory restrictions which many offshore brokers face.

Spread

Keeping trading costs low is crucial for any trader and Alpari offers a low spread rate. A low spread can significantly increase your chances of making profitable trades.

Final Thoughts

Although Alpari does not have serious regulation and does not support US traders, the impressive range of features, low minimum account requirements, and affordable spread make it a choice worth considering – particularly if you're a trader looking to try out a new broker or explore forex trading for the first time.

As always, remember that trading involves risk. Always ensure you understand the risks involved before entering into any trades.