Advantages and disadvantages of the Alpari broker
If you have been involved in stock trading for at least a few months, then you are probably familiar with the name of the brokerage company Alpari.
Today it is not only the largest, but also the most advertised broker, the number of clients of which has long exceeded 2 million.
The company has been operating in financial markets since 1998, during which time it has opened about 80 offices in various countries.
Yes, I myself have several accounts with the Alpari broker, opened back in 2011, so I can quite objectively assess the quality of the services provided.
First, traditionally, let's talk about the advantages of the Alpari broker
Let's start with the fact that the company's official website is located at https://alpari.com/ru/ , but depending on the country you may be redirected to one of the subdomains.
Here are the points that influenced my choice:
The size of the spread is perhaps one of the most important advantages of this broker. The spread on currency pairs on ECN accounts often approaches zero:
In addition, you also get the opportunity to receive cashback in proportion to the volume of open transactions.
Insurance – the broker’s clients are insured by The Financial Commission, which makes it possible to receive compensation in the amount of 20,000 euros in case of problems.
The execution speed is one of the fastest among brokers I have ever worked with:
Even on cent accounts, the order execution speed is less than 200 milliseconds, and on PRO it is less than 100 milliseconds.
The absence of restrictions is also an important advantage; not only can you use any strategy options and trade with advisors in Alpari, there are also practically no restrictions on the number of open orders and their volumes.
The advantages also include a large number of options for replenishing your account and withdrawing funds, the availability of PAMM accounts .
At the same time, the following disadvantages can be noted when working with Alpari:
Email support takes a very long time to respond to emails; if you want to get a quick response, it’s better to call or chat on the website:
Withdrawal of funds to cards of European banks - recently this option for withdrawing profits has been unavailable; you have to choose a transfer to a bank account or another transfer option.
Problems with the trading platform - sometimes metatrader hangs, and in my case, for some reason, MT5. This happens with other brokers, but this fact does not cease to be a disadvantage.
Over more than 11 years of cooperation, problems arose when executing withdrawal requests, but as a rule, all of them were resolved within 24 hours.
Therefore, despite some shortcomings, I still consider Alpari to be one of the best stock brokers at the moment. Company website - https://alpari.com/ru/