Alpari Financial Services Ltd
Alpari Financial Services Ltd (Alpari FS) is now one of the leading online brokers. Its excellent reputation, its customer-oriented policies and its innovative approach to business development have allowed the company to not only firmly establish itself in Russia (where the company started from scratch), but to also expand successfully on an international level. Currently, Alpari currently has offices in Auckland (New Zealand), London, New York, Mexico City, Shanghai, Dubai, Lagos, Abuja, Istanbul and Moscow. The Alpari Group currently employs over 300 people across 8 countries. Over 440,000 clients have opened accounts with the Alpari group in 150 countries, and as of May 2011, monthly trading volume exceeds $210 billion.
Alpari's success is a direct result of the dependability of its services, the success of the MetaTrader 4 trading platform and the wide range of trading instruments that are available: currency pairs, precious metals, stock CFDs, commodity futures and stock market indexes.
As of recently, Alpari customers now have free access to the revolutionary Autochartist system, which is able to identify the formation of chart patterns and trends by analysing currencies' price fluctuations. This means that you no longer need to be an expert in technical analysis, nor do you need to spend many hours looking at your computer monitor. You will hear alarm signals when your favourite chart patterns form or are beginning to form.
Alpari Financial Services Ltd. has obtained a licence from and is regulated by the Cyprus Securities and Exchange Commission (or CySEC). (registration number HE268974, licence number: CIF 129/10).
Admitedly, the only thing I don't like about trading with Alpari is that during big economic news releases your buy stop or sell stop orders need to be at least 30 pips above or below the current price. Most traders, however, avoid placing such orders at those times, so this isn't really a problem for 99% of you!
Types of accounts Alpari FS provides
| standard.mt4 | ecn.mt4 | pro.direct | |
|---|---|---|---|
| Trading platform | MetaTrader4 | MetaTrader4 | Alpari Direct |
| Deposit currency | USD, EUR | USD, EUR | USD, EUR |
| Minimum deposit | No restriction | 200 $ or € | 20,000 $ or € |
| Instruments | Forex: 31 pairs | Forex: 31 pairs | Forex: 31 pairs |
| Leverage * | 1:500 — 1:33 | 1:100 — 1:33 | 1:100 — 1:33 |
| Minimum lot size | 0.01 | 0.01 | 0.1 |
| Maximum transaction size | 50 | 100 | No restriction |
| Maximum volume of open positions |
100 | No restriction | No restriction |
| Maximum number of orders | 100 | 100 | No restriction |
| Stop Out ** | 20 % | 60 % | 60 % |
* If positions or pending orders are opened, closed, modified or deleted on currency pairs on a standard.mt4 account during the final hour before the close of the trading session on Friday, the leverage will be shifted from 1:500 to 1:100 for all open and newly opened positions on currency pairs. Before the beginning of the next trading session, the leverage will be reset based on the total volume of open positions on the trading account.
** On ecn.mt4 accounts, the Stop Out level will be changed to 100% during the final hour before the close of the trading session on Friday. After the close of the trading session, the Stop Out level will be reset to the previous level.