Alpari Nigeria: Forex broker Review

Alpari gives its client to choose the account that will suit their needs from account types provided.  Clients can choose between a commission involving and commission free account, fixed and variable spreads, MT4 and MT5 trading platforms, instant and Market execution and many others.

It will interest you to know that customers whose account balance is up to $50,000 or more are given a premium status and they are also offered additional benefits like advance account funding, total commission refund on every transfer and so on.

Alpari offers its client advanced PAMM Account services.  This type of account services allows investor to earn on Forex without them trading. Also, manager receives additional income via proper fund management.

About Alpari

Established in 1998, Alpari ranks among the top Forex brokers in the world. The is well recognized as a top provider of online trading services on the world currency market. The company is a member of the Alpari family.  The Alpari Family is a group of companies that is recognized worldwide for its unbeatable record in the area of innovative technological solution.

Trading Conditions

  • Average spread and Commission

Alpari provides its client with both variable and fixed spread.  The fixed spread amounts to 2pips on EUR/USD while the variable spread on the commission-free ECN account are averaged on 1 pips on EUR/USD  which is pretty low. Alpari offers a tighter spreads on its ECN pro accounts.

  • Minimum Initial deposit

One area where Alpari is different from other Forex brokers is that the company does not set any minimum initial  requirement for the Nano MT4 account.  But prospective traders must invest at least $1 in order to start trading.

  • Maximum Leverage

At Alpari, the maximum leverage are high. The maximum rate reaches 1: 1000. However, it should be noted that the risk associated with trading on the margin are huge initial investments, heavy losses etc.

Trading Platforms Available on Alpari

Alpari offers its unique services on two trading platforms which are MetaTrader 4 and MetaTrader 5. The company also offers a platform dedicated to Binary options trading which is known as BinaryTrader.

The MetaTrader 4 is a professional, featured-packed software that provides traders with features such as one click trading, swift order execution, wide range of technical indicator, advanced charting packages and many more. This platform is available as mobile apps, web-based versions and desktop version.

The MetaTrader 5 is a platform developed as an improvement on MetaTrader 4. Many trader still prefer to use the MetaTrader 4 platform because it allows hedging while the MT5 does not. Also, the MT5 platform does not support the MT4 EAs and Indicators.

Method of Payment

There are numerous Payment options available for Alpari clients. The payment options available are as follows:

Bonuses and Rebates

The company offers its client varieties of promotions like:

  • 50% welcome on deposit bonus
  • Alpari Cashback Program: this program allows you to from the following Packages:
  1. Spread rebate up to 25%
  2. Commission compensation up to 50%
  3. Negative Swap refund up to 30%
  4. Pro ECN account refund up to 30%