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Alpari UK Insolvency Does Not Affect Other Alpari Companies 4 replies

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  • #1
  • First Post: Sep 9, 2007 10:56am Sep 9, 2007 10:56am
Hello,

I'd like to get some feedback about Alpari broker.

I'm about to trade on eur/usd/gpb/jpy. Mini or micro account.

Thanks.
I used to be schizophrenic, but now we are sane.
  • #2
  • Sep 21, 2007 4:53am Sep 21, 2007 4:53am
Alpari is great so far.

They don't have the issue anymore to close and reopen positions over night and you can have an account in USD, EUR, GBP and CHF. The minimum deposit is $200, the standard leverage 1:100, which can be boosted to 1:400. They want to offer 1:500 in some days.

Currently you can only transfer money using a bank account (wire transfer) but they want to offer a credit card deposit possibility soon.

Withdrawing doesn't cost anything.

I like them, they have good spreads (2 pips on EUR/USD, 3 pips on GBP/USD and EUR/JPY) and they have micro lots as well.

The only drawback is the spread widening during news, but that's normal I think. So you can have 20 pips on GBP/USD during GBP or USD news.

Regards - Xaron
  • #3
  • Oct 18, 2007 6:11am Oct 18, 2007 6:11am

Quoting Xaron
Alpari is great so far.

They don't have the issue anymore to close and reopen positions over night and you can have an account in USD, EUR, GBP and CHF. The minimum deposit is $200, the standard leverage 1:100, which can be boosted to 1:400. They want to offer 1:500 in some days.

Currently you can only transfer money using a bank account (wire transfer) but they want to offer a credit card deposit possibility soon.

Withdrawing doesn't cost anything.

I like them, they have good spreads (2 pips on EUR/USD, 3 pips on GBP/USD and EUR/JPY) and they have micro lots as well.

The only drawback is the spread widening during news, but that's normal I think. So you can have 20 pips on GBP/USD during GBP or USD news.

Regards - Xaron

thank you , are they regulated forex broker?

  • #4
  • Oct 18, 2007 10:32am Oct 18, 2007 10:32am
They are regulated by The Financial Services Authority in the UK.
  • #5
  • Oct 18, 2007 11:06am Oct 18, 2007 11:06am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Quoting cryten
They are regulated by The Financial Services Authority in the UK.
Hi Cryten,
Do ya have experience with Alpari (Russia) ? They (Russia) are the main apartment of Alpari as far as I know
  • #6
  • Oct 18, 2007 11:19am Oct 18, 2007 11:19am
No sorry don't have experience with the Russian outfit.
  • #7
  • Oct 20, 2007 10:51am Oct 20, 2007 10:51am
Quoting Xaron
Alpari is great so far.

They don't have the issue anymore to close and reopen positions over night and you can have an account in USD, EUR, GBP and CHF. The minimum deposit is $200, the standard leverage 1:100, which can be boosted to 1:400. They want to offer 1:500 in some days.

Currently you can only transfer money using a bank account (wire transfer) but they want to offer a credit card deposit possibility soon.

Withdrawing doesn't cost anything.

I like them, they have good spreads (2 pips on EUR/USD, 3 pips on GBP/USD and EUR/JPY) and they have micro lots as well.

The only drawback is the spread widening during news, but that's normal I think. So you can have 20 pips on GBP/USD during GBP or USD news.

Regards - Xaron







Thanks for the information and your experience on alpari so far.I just want to know if you recommend it for beginners and why?thanks
  • #8
  • Oct 20, 2007 12:55pm Oct 20, 2007 12:55pm
i have an account with Alpari since 1 year .they offer swap-free account for islamic countries.but i wish they include this option in thier application .then everybody can choose no swap accunt.
  • #9
  • Oct 20, 2007 10:11pm Oct 20, 2007 10:11pm
i remember reading somewhere that Alpari protects clients' money ??

but i was told by a client that's not the case ! maybe Xaron can help confirm ?

are they Russian ??? a little...........
  • #10
  • Oct 20, 2007 10:40pm Oct 20, 2007 10:40pm
Quoting findcount
i remember reading somewhere that Alpari protects clients' money ??

but i was told by a client that's not the case ! maybe Xaron can help confirm ?

are they Russian ??? a little...........
from:

https://www.alpari.co.uk/files/doc/2..._agreement.pdf

...
Insolvency

2.13. The company's insolvency or default, may lead to positions being liquidated or closed out without your consent. In certain circumstances, you may not get back the actual assets which you lodged as collateral and you may have to accept any available payments in cash.

2.14. The company will hold your money as trustee in its bank accounts and your money will not be subject to the protections conferred by the FSA's Client Money Rules. The costumer's money will not be segregated from your money and will be used in the course of the Company's bussines, and in the event of the Company's insolvency you will rank as a general creditor.

Alpari (UK) Limited

June 2007
...

This is only for Alpari UK, the russian one may have different terms and conditions.

Hope this helps.
"I say high, You say low, You say why, and I say I don't know..."
  • #11
  • Oct 20, 2007 11:19pm Oct 20, 2007 11:19pm
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
Alpari largest department and main branch is the one in Russia, check out alpari.org/en
this is their recent news also:
Deposits Insurance
Dear traders of ALPARI IDC Corp.!
We are glad to inform you that Alpari and one of Russia's largest insurance agencies Ingosstrakh have signed the financial institutions comprehensive insurance agreement, which came into force on June 1, 2007.
Alpari has recommended itself as one of the best Internet brokers. Now basing on the mechanism of the financial insurance we guarantee our reliability.
Under the agreement the limit of liability of the insured (ALPARI IDC Corp.) is $10 000 000.
http://www.alpari.org/en/cnews/27016.html
  • #12
  • Oct 22, 2007 6:57am Oct 22, 2007 6:57am

Quoting mld
Alpari largest department and main branch is the one in Russia, check out alpari.org/en
this is their recent news also:
Deposits Insurance
Dear traders of ALPARI IDC Corp.!
We are glad to inform you that Alpari and one of Russia's largest insurance agencies Ingosstrakh have signed the financial institutions comprehensive insurance agreement, which came into force on June 1, 2007.
Alpari has recommended itself as one of the best Internet brokers. Now basing on the mechanism of the financial insurance we guarantee our reliability.
Under the agreement the limit of liability of the insured (ALPARI IDC Corp.) is $10 000 000.
http://www.alpari.org/en/cnews/27016.html



Sorry for divertion, Please , i want to open live account with northfinance or maketiva, please, are they registered and regulated with NFA or other regulated body? is it good to open a live account with them? please help me .

  • #13
  • Oct 22, 2007 7:11am Oct 22, 2007 7:11am
Quoting hobnob
Sorry for divertion, Please , i want to open live account with northfinance or maketiva, please, are they registered and regulated with NFA or other regulated body? is it good to open a live account with them? please help me .
I believe Northfinance is based on Belize and it's not regulated by any agency, and Marketiva is based in the Virgin British Islands and it's regulated by some agency, but neither both of them are NFA members. I would go with someone else if I were you.
"I say high, You say low, You say why, and I say I don't know..."
  • #14
  • Oct 22, 2007 8:29am Oct 22, 2007 8:29am
Quoting Ricardo.
I believe Northfinance is based on Belize and it's not regulated by any agency, and Marketiva is based in the Virgin British Islands and it's regulated by some agency, but neither both of them are NFA members. I would go with someone else if I were you.
Then which broker do you sugget? Or any broker which is NFA regulated will do?
1.) Alpari? 2.) fastbrokersfx? 3.)fxcm? 4.)atcbrokers? 5.)oanda?
  • #15
  • Oct 23, 2007 5:05am Oct 23, 2007 5:05am
Quoting aurorau
Then which broker do you sugget? Or any broker which is NFA regulated will do?
1.) Alpari? 2.) fastbrokersfx? 3.)fxcm? 4.)atcbrokers? 5.)oanda?

if you can live without trailstop and exotic indicators, Oanda is safe.......but platform a little too simple......hardly any bells or whistles.
  • #16
  • Oct 23, 2007 9:13pm Oct 23, 2007 9:13pm
Quoting findcount
if you can live without trailstop and exotic indicators, Oanda is safe.......but platform a little too simple......hardly any bells or whistles.
I used to MT4 platform, trailing stop is my lifebelt, can't trade without it.
Which safe MT4 broker would you suggest?

Thanks
  • #17
  • Oct 24, 2007 3:50am Oct 24, 2007 3:50am
Quoting aurorau
I used to MT4 platform, trailing stop is my lifebelt, can't trade without it.
Which safe MT4 broker would you suggest?

Thanks
so far Alpari is among the best i've read about and suggested by others, but......i'm looking for a good one MT4 broker with the following criteria....

1) non-USD a/c
2) protection of clients' funds
3) pip by pip trailstop on the broker's server (okay, this one is very elusive....so far i read only FXCM has it but others say they're not very good......)
  • #18
  • Oct 30, 2007 8:26am Oct 30, 2007 8:26am
Quoting mld
Hi Cryten,
Do ya have experience with Alpari (Russia) ? They (Russia) are the main apartment of Alpari as far as I know
I have account in Alpari (Russia), everything is fine, during two years of tradin there were no serious problems , so i can recommend this Broker!
  • #19
  • Oct 30, 2007 8:43am Oct 30, 2007 8:43am
So can I but Im not in Russia
  • #20
  • Feb 21, 2008 4:53pm Feb 21, 2008 4:53pm
I would say that they are very serious in what they do. Sometimes orders take a few (2-3) seconds to get filles but it is ok almost all the time (a few pips (2-5) might get lost in the process. But most of the time the orders take only half a second to go through. I would strongly recommend it.Ciao
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