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  • #881
  • Feb 4, 2013 9:01am Feb 4, 2013 9:01am
Quoting teofil00
Hi,
I have a question.
Does the micro account have bigger spreads than the stnadard... or what is the disadvantage over the normal.

I want to deposit 1000$, and be able to trade 0.01 lots, but not sure of spreads.

Thanks.
Hi teofil00,

The spreads on the micro and classic account are the same, as they come from the same feed.

Our Micro account is an ideal place to begin your journey into forex trading. If you want to start trading with a smaller minimum deposit, and you want to try your hand in trading smaller volumes, this is an account for you.

http://www.alpari.com/media/159575/m...t_features.png


Our Classic account is a flexible account, allowing you more control over your trading. It's our most popular account for that very reason. Opening a Classic account gives you more trading instruments and additional features, including no maximum trade or open position size.

http://www.alpari.com/media/159565/c...t_features.png



Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #882
  • Feb 4, 2013 9:56am Feb 4, 2013 9:56am
1:500

not 1.500 Leverage


Imo


How to opt out annoying user signatures ??
  • #883
  • Feb 4, 2013 10:06am Feb 4, 2013 10:06am
Any one here using the alpari micro account?

I heard some bad experiences about alpari, but i guess this is normal for all brokers....


I have made good winnings on demo account for months now, so would 1000$ be suitable for micro account, considering i would use about 0.05 per trade.

And i am a long term trader so i hope i wont get screwed because of this.
  • #884
  • Feb 4, 2013 11:53am Feb 4, 2013 11:53am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting teofil00
Any one here using the alpari micro account?

I heard some bad experiences about alpari, but i guess this is normal for all brokers....


I have made good winnings on demo account for months now, so would 1000$ be suitable for micro account, considering i would use about 0.05 per trade.

And i am a long term trader so i hope i wont get screwed because of this.
Their demo feed comes from pro account feed, it has nothing to do with what you will see on live trading on micro or classic account regards the price feed or the spreads. And on top of that very questionable demo price feeding, they will slip you on every trade entry and exit with at least one pip. If you like to get cheated this way you are on the right place with this broker. Good luck anyway!
  • #885
  • Feb 4, 2013 1:48pm Feb 4, 2013 1:48pm
Quoting onu
Their demo feed comes from pro account feed, it has nothing to do with what you will see on live trading on micro or classic account regards the price feed or the spreads. And on top of that very questionable demo price feeding, they will slip you on every trade entry and exit with at least one pip. If you like to get cheated this way you are on the right place with this broker. Good luck anyway!
That is something to consider... but then what other uk broker is much better than alpari? I honestly can't find a perfect broker with no major or minor problems.

Alpari seems good for my long term trading, for which i dont really have to worry about minor pips or slips. But it is a disadvantage which i would like to avoid if possible with different broker.., which i cant find.

What do you use or used and found best for micro or standard account?
  • #886
  • Feb 4, 2013 10:44pm Feb 4, 2013 10:44pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting teofil00
That is something to consider... but then what other uk broker is much better than alpari? I honestly can't find a perfect broker with no major or minor problems.

Alpari seems good for my long term trading, for which i dont really have to worry about minor pips or slips. But it is a disadvantage which i would like to avoid if possible with different broker.., which i cant find.

What do you use or used and found best for micro or standard account?
As long as you search in the UK you are lost in space... there are more than 1000 mt4 brokers around the world....the best regulated ones, by ASIC, with tight spreads and STP/ECN execution I found in Australia years ago and I never looked back at all these bucket shops in the UK. I wasted a lot of time and money with several of them in the beginning....
  • #887
  • Feb 5, 2013 1:46am Feb 5, 2013 1:46am
Hi onu,

Quoting onu
As long as you search in the UK you are lost in space... there are more than 1000 mt4 brokers around the world....the best regulated ones, by ASIC, with tight spreads and STP/ECN execution I found in Australia years ago and I never looked back at all these bucket shops in the UK. I wasted a lot of time and money with several of them in the beginning....
I'm sorry you feel this way.

Quoting onu
Their demo feed comes from pro account feed, it has nothing to do with what you will see on live trading on micro or classic account regards the price feed or the spreads.
This is incorrect. We do offer different kinds of demo accounts. Each specific demo account type reflects the conditions of its live account counterpart.


http://img832.imageshack.us/img832/9...moaccounts.jpg



Quoting onu
they will slip you on every trade entry and exit with at least one pip. If you like to get cheated this way you are on the right place with this broker.
We most certainly do not slip every order as you claim. Under normal market conditions the overwhelming majority of our customer orders are filled without slippage. Some slippage is inevitable of course but only occurs under abnormal market conditions, when the liquidity in the market simply does not allow us to fill your orders at the specified level.
It should also be remembered that if your Profit order falls in the Price Gap on Market Opening, positive slippage will be applied, as described in our Terms of Business.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #888
  • Feb 5, 2013 5:01am Feb 5, 2013 5:01am
Quoting teofil00
Any one here using the alpari micro account?

I heard some bad experiences about alpari, but i guess this is normal for all brokers....


I have made good winnings on demo account for months now, so would 1000$ be suitable for micro account, considering i would use about 0.05 per trade.

And i am a long term trader so i hope i wont get screwed because of this.
I've just had a bad experience with alpari.
Without going into too many details, they are giving me a hard time due to FSA compliance.
Their representatives lack basic understanding in taxation and tax rules.
Also, after demanding me for sending documents six months ago (which I translated and signed by my attorney), they did not confirm receiving my emails, though i repeatedly sent them, with no response.
And a couple of weeks ago one of their representatives 'woke up' and demanded that I send new documents, totally ignoring the fact that I've complied with their demands at the time, and due to the fact that Alpari representatives did not check their email box - I have to go through all the hassle of acquiring new documents.
Oh yes, I'm closing my account there, and I've issued a withdrawal 4 days ago but the back-office stopped answering my emails at one point... MT4 still shows the balance on the account.
So apparently Alpari cares only about their Pro accounts, though thousands of dollars went through my trading account in the past 5 years.

Pity that a broker thinks that his clients work for him.
It's been a long time since I encountered such lame support and service.
Good riddance, Alpari! I will find some other broker that will gladly accept my money with better service!
  • #889
  • Edited 5:48am Feb 5, 2013 5:33am | Edited 5:48am
Hi sheled,

Thank you for your feedback.

Quoting sheled
I've just had a bad experience with alpari.
Without going into too many details, they are giving me a hard time due to FSA compliance.
Their representatives lack basic understanding in taxation and tax rules.
Also, after demanding me for sending documents six months ago (which I translated and signed by my attorney), they did not confirm receiving my emails, though i repeatedly sent them, with no response.
And a couple of weeks ago one of their representatives 'woke up' and demanded that I send new documents, totally ignoring the fact that...
Our account opening team are quite a nice bunch and can generally talk you through what specifically is required. You can get in touch with them at [email protected] or +44 (0) 207 426 2940. Please appreciate that as an FSA regulated firm, we are obligated to follow certain regulatory guidelines with regards to the documents that we can accept. Many customers draw comfort from the rigour of our checks.

Quoting sheled
I've issued a withdrawal 4 days ago but the back-office stopped answering my emails at one point... MT4 still shows the balance on the account.
So apparently Alpari cares only about their Pro accounts, though thousands of dollars went through my trading account in the past 5 years.

Pity that a broker thinks that his clients work for him.
It's been a long time since I encountered such lame support and service.
Alpari UK has many thousands of customers, and we pride ourselves on the excellent service given by our Back Office in processing payment requests, over 99% of which are remitted within one working day of receipt. Any suggestion to the contrary is completely without foundation.

Quoting sheled
Good riddance, Alpari! I will find some other broker that will gladly accept my money with better service!
Could you contact me directly at [email protected] . I'll be happy to look into this further.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #890
  • Feb 5, 2013 6:21am Feb 5, 2013 6:21am
Quoting Alpari UK
Our account opening team are quite a nice bunch and can generally talk you through what specifically is required. You can get in touch with them at [email protected] or +44 (0) 207 426 2940. Please appreciate that as an FSA regulated firm, we are obligated to follow certain regulatory guidelines with regards to the documents that we can accept. Many customers draw comfort from the rigour of our checks.
Dear Sir,

I will contact you directly.
I would be glad if you could study the case just in order to make Alpari's service better, however, I am done with alpari as a broker.
The team in question here is not the new account team, but the account review team.
I would gladly show you the amounts of emails that I've sent these teams, and the lack of response from the teams, and when there was any response - it was very robotic and laconic.

Thank you for your attention, I would say it's the first time that I got it from Alpari.
Pity that these are the circumstances.
E
  • #891
  • Feb 5, 2013 7:41am Feb 5, 2013 7:41am
Quoting sheled
Dear Sir,

I will contact you directly.
I would be glad if you could study the case just in order to make Alpari's service better, however, I am done with alpari as a broker.
The team in question here is not the new account team, but the account review team.
I would gladly show you the amounts of emails that I've sent these teams, and the lack of response from the teams, and when there was any response - it was very robotic and laconic.

Thank you for your attention, I would say it's the first time that I got it from Alpari.
Pity that these...
Hi sheled,

Happy to help.

I've just replied to your email.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #892
  • Feb 8, 2013 5:48am Feb 8, 2013 5:48am
http://static.alpari.co.uk/email_ima..._02_header.jpg

Dear Trader,

From 13 February 2013, Alpari UK introduces floating leverage up to 1:200 on spot gold and silver on MetaTrader 4 Micro, Classic and Pro accounts.

Floating leverage is a system which automatically applies higher leverage on a trade by trade basis depending on your trade volume. So far we’ve offered it on forex trading; however, from Wednesday, 13 February 2013, it’ll also be applied on spot gold and silver trading.

So far spot gold and silver trading has had a fixed margin of 2% (1:50 leverage). From Wednesday, depending on your trade volume, you can take advantage of up to 1:200 leverage (0.50% margin) when trading spot precious metals.

For example, an open position of less than USD2 million in nominal value carries a maximum leverage of 1:200. On the other hand, if your open position is higher than USD9 million, the first USD2 million carries a leverage of 1:200, the next USD2 million 1:100 and the next USD5 million 1:50. Everything above carries a leverage of 1:33 (3% margin).

You can learn more about floating leverage and how it affects your trading on our website.

Please be aware that if you have an open position when the switch takes place, your margin will be recalculated once you log back in to the server.

We’re here to help, so if you have any questions, please contact our Client Services at [email protected] or call +44 (0)20 7426 2900 (07:00-22:00 UK time, Monday-Friday).

________
Alexander Chadwick
Alpari (UK) Representative
  • #893
  • Feb 8, 2013 8:09am Feb 8, 2013 8:09am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
This "floating leverage" is the most dangerous feature for traders Ive ever seen and a true trap for beginners. It was introduced by bucket-shop brokers to rip off and keep away grid/martingale traders.

Serious NDD/STP/ECN brokers don't need such tools, they earn their money by commissions only, not by driving inexperienced traders into margin calls....
  • #894
  • Feb 8, 2013 9:09am Feb 8, 2013 9:09am
Quoting onu
This "floating leverage" is the most dangerous feature for traders Ive ever seen and a true trap for beginners. It was introduced by bucket-shop brokers to rip off and keep away grid/martingale traders.

Serious NDD/STP/ECN brokers don't need such tools, they earn their money by commissions only, not by driving inexperienced traders into margin calls....
Thanks for the warning, you seem to be very experienced in these matters.

I have been carrying out due diligence on Alpari over the last few months, and must say that I have serious reservations about them, especially their support service which they seem to have farmed off shore (the email service at least) to people whose first language is not English (not that I have anything against this cost saving policy, but it can make for interesting replies to your inquiries.)

At the same time I have accounts with other brokers, but what really interested me (recently) in Alpari was their spread betting offering primarily because it was MT4 based. I have another account with a major player in the UK, no prizes for guessing, but FTSE listed ;-), and not once over this period, have they requoted me - instant fills, whereas with Alpari it is everyday, and I would say upto 50% of all entries are requoted, if not more.

Now the reps answer to this is that the accounts have different execution policies - buy hey, WHY NOT GIVE ALL accounts the same execution policy? I mean I'd rather have a kill-or-fill policy than the annoying REQUOTE problem? Once again, this tactic really does not make sense to me.

Anyway, that is an aside ... here is what I really don't get ... why do companies, bucket shops as you call them, operate in this manner?If this is what they are really about. A novice naive trader opens up a small account and the vultures take it as quickly as possible??? It seems backwards to me? Would it not scare the novitiate away?

Mind you every day in the UK you see all manner of 'betting/gambling' companies (e.g. bingo, traditional gambling) offering you free money to sign up. Perhaps this is similar to how drug pushers get their clients hooked - give it to them for free, let them feel the buzz, then forever after fleece them .
  • #895
  • Feb 8, 2013 9:17am Feb 8, 2013 9:17am
Quoting onu
This "floating leverage" is the most dangerous feature for traders Ive ever seen and a true trap for beginners. It was introduced by bucket-shop brokers to rip off and keep away grid/martingale traders.

Serious NDD/STP/ECN brokers don't need such tools, they earn their money by commissions only, not by driving inexperienced traders into margin calls....
Onu's usual dribble. We get it. You're a moaning troll. Stop spamming and move along.
  • #896
  • Feb 8, 2013 9:26am Feb 8, 2013 9:26am
Quoting 4Xfactor
Now the reps answer to this is that the accounts have different execution policies - buy hey, WHY NOT GIVE ALL accounts the same execution policy? I mean I'd rather have a kill-or-fill policy than the annoying REQUOTE problem? Once again, this tactic really does not make sense to me.
IQ lower than plant life and perhaps a shinning example of why you should avoid inbreeding.
  • #897
  • Feb 8, 2013 9:31am Feb 8, 2013 9:31am
Quoting High.Five
A shinning example of why you should avoid inbreeding.
It may not be obvious, but I am still new to this, could you please expand on this and explain to me why what I am saying is a bad or stupid idea?

Perhaps I should have suggested that people should have a choice and can opt for different execution policies, no matter their account type?

(Because this requoting problem is a nightmare on Alpari, and only on Alpari, out of the many brokers I have tried.)

Thanks
  • #898
  • Feb 8, 2013 10:03am Feb 8, 2013 10:03am
Quoting 4Xfactor
It may not be obvious, but I am still new to this, could you please expand on this and explain to me why what I am saying is a bad or stupid idea?

Perhaps I should have suggested that people should have a choice and can opt for different execution policies, no matter their account type?
You seem to be banging on about the same thing, asking the same question over and over again. Rather confuses me as to why – Tourette Syndrome by any chance? It should be clear as day, after reading this:
http://www.forexfactory.com/showthre...74#post6401374

If it still isn’t maybe this:
http://www.forexfactory.com/showthre...20#post6403820

If you still feel as dumb as a doorknob, feel free to re-read this:
http://www.forexfactory.com/showthre...49#post6403849

Should you continue to be unclear as has to why execution policies are different on different accounts, trading possibly isn’t for you. Maybe it’d be best if you were to donate your funds to a good charity. Perhaps save a whale or two.
  • #899
  • Feb 8, 2013 1:28pm Feb 8, 2013 1:28pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting High.Five
Onu's usual dribble. We get it. You're a moaning troll. Stop spamming and move along.
How much does the bucket shop industry pay you for such pointless comments??

What a clown... fits perfect in the overall picture of a bucket shop...
  • #900
  • Edited 2:55pm Feb 8, 2013 2:43pm | Edited 2:55pm
Quoting onu
How much does the bucket shop industry pay you for such pointless comments??

What a clown... fits perfect in the overall picture of a bucket shop...
Seriously onu?

Quoting scfx
If you don't trade with them why the hell do you watch them and keep making stupid posts? Don't you have anything better to do with you time like trade with your new broker? I trade gold with go i don't have many issues but i find it anoying that people that don't trade with them keep throwing their 2 cents in.

Move on onu..........

scfx
Quoting scfx
No you need to get a life you whining troll, it's no supprise on this thread many a member has been in arguments with you. You're one of these losers that's always putting in their worthless opinion. What makes it even sadder is you don't even trade with them but you still feel the need to continue to bash them.

as stated move on onu, your nonsense posts are not needed on this thread.

scfx
Quoting >Apocalypto<
I agree with scfx, you're a muppet and you do post pointless dribble.




muppet............
Onu - Donated his brain to science before he was done with it.

Move on troll.
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