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Alpari.co.uk Discussion

  • #1,141
  • Aug 7, 2013 1:14pm Aug 7, 2013 1:14pm
Quoting Alpari UK
{quote} Hi wickedwin, Currently, we do not have any promotions. Alex ________ Alexander Chadwick Alpari (UK) Representative
Hi Alex,

do you have some in the near future?
  • #1,142
  • Aug 8, 2013 4:57am Aug 8, 2013 4:57am
Hi mogulmedia,

Quoting mogulmedia
I have only had a couple of accounts for Forex spot trading, however Alpari (UK) have been pretty good all round.
Good to hear


Quoting mogulmedia
My only problem with them is not being able to get debit/withdrawal through their new "My Alpari" web interface.
If you need any assistance regarding withdrawals, please get in touch with our backoffice at +44 20 7426 2850 (09:00-18:00 UK time, Monday-Friday), via live-chat (08:00-18:00 UK time, Monday-Friday) or email [email protected]. We're here to help.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,143
  • Aug 8, 2013 5:03am Aug 8, 2013 5:03am
Quoting Forex Lion
{quote} Hi Alex, do you have some in the near future?
Hi Forex Lion,

Thanks for your post.

I'm not aware of any promotions in the near future. However, the best way to find out about our promotions is to continue to visit our website from time to time.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,144
  • Aug 8, 2013 6:03am Aug 8, 2013 6:03am
Quoting Toranaga
I like Alpari, nice Company. Respond quick, staff is friendly, fast reachable per telephone, fast withdrawal, aso. Nothing to complain. Have a account with them, but trade only few major pairs there.. Because... if you have a Micro account you cant trade much pairs except the majors. NZD/JPY has ridiculous 7-9 pips spread what is... And few other interesting Pairs also... Had to split my trading to a another account (Broker) to avoid that. They should lower that, at least 2 pips, because only a no brainer would trade that. Micro or not,...

I think you should give their MT5 a try , NZDJPY just around 2-3 pips spreads there . After 4 years of trading with many brokers and after the closing down of Liberty Reserve , I moved to alpari MT5 as I love their execution speed , damn low spreads , friendly support , serious company , especially no commission . I can't find any others broker with better spreads and no commission like alpari . Their credit card deposit is lower than most of others too ...Anyway they're the first broker I chose to trade for a living and I'm still doing this now ,hope they will be better day by day without closing down good features or increase the fees or commissions .
P/S : I love myAlpari , it's instant transfer and give me huge benefits in money managements between my accounts

Keep good work alpari
  • #1,145
  • Aug 8, 2013 6:45am Aug 8, 2013 6:45am
Quoting HoangTuan
{quote} I think you should give their MT5 a try , NZDJPY just around 2-3 pips spreads there . After 4 years of trading with many brokers and after the closing down of Liberty Reserve , I moved to alpari MT5 as I love their execution speed , damn low spreads , friendly support , serious company , especially no commission . I can't find any others broker with better spreads and no commission like alpari . Their credit card deposit is lower than most of others too ...Anyway they're the first broker I chose to trade for a living and I'm still doing...
Your comments are appreciated. It's wonderful to receive this kind of feedback. Thank you HoangTuan!


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,146
  • Aug 8, 2013 6:51am Aug 8, 2013 6:51am
Hello,

Why the difference in spread @ NZDJPY between MT4 and MT5 accounts?
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #1,147
  • Aug 8, 2013 7:03am Aug 8, 2013 7:03am
Quoting soso
Hello, Why the difference in spread @ NZDJPY between MT4 and MT5 accounts?
Hi soso,

Good question.

The difference in spreads is because the execution policy on MT5 is different - prices are not held static (for a few seconds) like non- direct market access accounts, they constantly change. Orders on MT5 are sent on a Fill or Kill basis.

Alex

________
Alexander Chadwick
Alpari (UK) Representative


  • #1,148
  • Edited Aug 9, 2013 1:46am Aug 8, 2013 4:12pm | Edited Aug 9, 2013 1:46am
Hi,

I have a Spread Betting account and was about to put on a live pending sell stop on EurCad. However it gives me the message below, 80 pips! can this be explained?

Update: Sorry I guess this means 80 pipettes i.e. 8 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: Alpari80pips.PNG Size: 19 KB
Economists have forecast 9 out of the last 5 recessions
  • #1,149
  • Aug 9, 2013 1:39am Aug 9, 2013 1:39am
Quoting markmm
Hi, I have a Spread Betting account and was about to put on a live pending sell stop on EurCad. However it gives me the message below, 80 pips! can this be explained? {image}
Hi markmm,

Good question.

MetaTrader 4 was designed to recognise the last decimal point as a pip. However, the fifth decimal place is a fraction of a pip. Consequently, 80 fractions of a pip equate to 8 pips. Our typical spreads on this pair are 7.2 pips.

On this note, it may be worth remembering that Euro Cad is a synthetic price. Any effect on Euro Dollar and Dollar Cad prices are magnified a few fold in synthetics.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,150
  • Aug 9, 2013 1:47am Aug 9, 2013 1:47am
Quoting Alpari UK
{quote} Hi soso, Good question. The difference in spreads is because the execution policy on MT5 is different - prices are not held static (for a few seconds) like non- direct market access accounts, they constantly change. Orders on MT5 are sent on a Fill or Kill basis. Alex ________ Alexander Chadwick Alpari (UK) Representative

Can I use MT5 on the spread betting account? Does it have lower spreads also?
Economists have forecast 9 out of the last 5 recessions
  • #1,151
  • Aug 9, 2013 1:59am Aug 9, 2013 1:59am
Hi markmm,

Quoting markmm
Can I use MT5 on the spread betting account?
As you reside in the UK, you can spread-bet on the MetaTrader4 (MT4) platform – one of the most popular trading platforms in the world. We do not offer an MT5 spread betting account.

Spread betting has become very popular in the UK over the past few years. There's a good reason for that – all spread betting profits are tax free‡ in the UK and the Republic of Ireland, so you will keep all you make.

‡Any profits you make from spread betting are completely free of capital gains tax, stamp duty and income tax (for residents of the UK and the Republic of Ireland). UK and Irish tax laws are subject to change and individual circumstances may vary. Financial spread betting with Alpari UK is available to residents of the UK and the Republic of Ireland only.

Quoting markmm
Does it have lower spreads also?
The spreads are the same as our Micro and Classic accounts as they have the same feed. But that's not all. On a spread betting account*, you can trade 34 currency pairs, seven indices and ten commodities. You can deposit on your account in GBP (British pound sterling), and start trading from only 10 pence per pip. And it takes just GBP250 to open a spread betting account.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,152
  • Aug 14, 2013 5:29am Aug 14, 2013 5:29am
Quoting Alpari UK
{quote} Hi markmm, Good question. MetaTrader 4 was designed to recognise the last decimal point as a pip. However, the fifth decimal place is a fraction of a pip. Consequently, 80 fractions of a pip equate to 8 pips. Our typical spreads on this pair are 7.2 pips. On this note, it may be worth remembering that Euro Cad is a synthetic price. Any effect on Euro Dollar and Dollar Cad prices are magnified a few fold in synthetics. Alex ________...
Alex,

Out of curiosity does 'spread' or 'slippage' come under any regulation control (e.g. FSA), and how much a broker can manipulate them with respect to any particular feed? If not, are there plans to regulate these parameters in the future?

Thanks
  • #1,153
  • Aug 14, 2013 6:49am Aug 14, 2013 6:49am
Hi 4Xfactor,

Orders are never guaranteed because if volatility is high, prices can be missed and we may not be able to obtain a quote for you at the price you requested. Orders are also sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile or liquidity can be thin.

To add some background, slippage is not an invention of the retail FX market. It exists in the Inter-Bank FX market and has done even as far back as when the principal method of trading was by shouting.

Part of the problem here lies around the execution conventions of certain order types. The convention around Stop Loss orders is that they are open-ended. There is a risk of slippage that is determined by the prices available in the market, but the understanding has always been that these are an "at best" order – because as painful as some slippage might be, it might be a lot more painful if the order just isn't filled at all.

With Stop orders you have to remember that, by definition, you will always be trading in the direction of least liquidity – and some slippage should be factored in. FX is remarkably uncomplicated in this regard. It always follows the path of least resistance. Occasionally this slippage might be modest, but the realistic fact is that when you trade at the point of greatest uncertainty there is no way to pre-define your risk.

The common complaint around slippage really boils down to individuals unhappy that no-one wanted to sell cheaply to them in a rising market or buy at a high price from them in a falling one.
This is not an uncommon criticism, but you need to consider the other side of the equation, which is quite simply -what's in it for them ?
By what right does any participant in the market feel he should be able to deny his counter-party the right to trade at a price that doesn't suit him ?

So in this context your query regarding the regulation around slippage can be answered quite simply. If you start dictating to the market participants at what levels they are permitted to buy and sell, then you no longer have a free market and they will abandon it.

Moving on, we know that regulation is important for your peace of mind. That is why we'd like to take the time to explain how Financial Services Authority (FSA) regulations work and make sure you know the facts. In order to be licensed and regulated by the FSA, we need to adhere to the regulator’s rules and obligations. The FSA performs frequent checks to ensure businesses are fully compliant.

We put your interests at the centre of our business to ensure we comply with FSA Principle 6: "Pay due regard to the interest of its customers and treat them fairly." Read more about how this principle is applied across all areas of our day-to-day business activities.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,154
  • Aug 14, 2013 9:47am Aug 14, 2013 9:47am
Quoting Alpari UK
Hi 4Xfactor, Orders are never guaranteed because if volatility is high, prices can be missed and we may not be able to obtain a quote for you at the price you requested. Orders are also sometimes filled away from the desired price due to gaps in the market. This occurs because currency prices can sometimes be very volatile or liquidity can be thin. To add some background, slippage is not an invention of the retail FX market. It exists in the Inter-Bank FX market and has done even as far back as when the principal method of trading was by shouting....
Alex,

Once again, thanks for you thorough and informative response.
  • #1,155
  • Aug 19, 2013 6:42am Aug 19, 2013 6:42am
Dear Alex,

I opened an account couple of months ago but was unable to Fund my account due to following reasons:

Wire Transfer:
Due to Regulations in my country (Pakistan) I can't send through WireTransfer unless I register myself as a Company (Hence become liable for corporate tax)

Debit Card:
Your debit card gateway requires my VISA Debit Card to be 3-D Secured, and since Banks in my country do not have this technology activated, my VISA Debit Card is also useless.

NETeller:
Alpari UK recently added NETELLER as a payment option, but NETELLER does not support my country.

Can Alpari UK add SKRILL as payment option in the near future as my country is supported.

Thanks
  • #1,156
  • Aug 19, 2013 6:50am Aug 19, 2013 6:50am
Quoting naveel
Dear Alex, I opened an account couple of months ago but was unable to Fund my account due to following reasons: Wire Transfer: Due to Regulations in my country (Pakistan) I can't send through WireTransfer unless I register myself as a Company (Hence become liable for corporate tax) Debit Card: Your debit card gateway requires my VISA Debit Card to be 3-D Secured, and since Banks in my country do not have this technology activated, my VISA Debit Card is also useless. NETeller: Alpari UK recently added NETELLER as a payment option, but NETELLER does...
Hi Naveel,

Glad to have you with us

I've forwarded your request to our management and I'll let you know if I hear anything further about this.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,157
  • Aug 20, 2013 9:20am Aug 20, 2013 9:20am
Please be aware that due to the UK summer bank holiday on Monday, 26 August 2013, trading in the below products will be affected:
http://img841.imageshack.us/img841/6069/v583.jpg

Forex trading will not be affected.

Our bank holiday business hours

The business hours of some of our departments will be affected:

Client Services: 09:00-17:00

Dealing Desk: 00:00-23:59 (normal hours)

Sales: 09:00-17:00

Account Opening: 09:00-17:00

Partnerships: ClosedBack Office: Closed


With UK banks being closed, your deposits and withdrawals may be affected on 26 August.
Live chat will not be available on 26 August.
Normal working hours will resume on Tuesday, 27 August.

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,158
  • Aug 21, 2013 4:33pm Aug 21, 2013 4:33pm
Hi,

Here is some feedback:

I've been trading Alpari for quite a time - a good broker:

- easy withdrawal
- spreads are not the best for some pairs but ECN and special account kinda stuff make it ok for me and those who prefer low TF; though during news releases sometimes get just ridiculous - it doesn't depend on the broker
- execution is ok
- support team is ok
- no annoying advertising letters
- a great lot of other stuff like analysts, some courses, demo contests but dunno a lot about it - no need
The single most important factor is having control of your own life.
  • #1,159
  • Aug 22, 2013 1:50am Aug 22, 2013 1:50am
Quoting Mikkk01
Hi, Here is some feedback: I've been trading Alpari for quite a time - a good broker: - easy withdrawal - spreads are not the best for some pairs but ECN and special account kinda stuff make it ok for me and those who prefer low TF; though during news releases sometimes get just ridiculous - it doesn't depend on the broker - execution is ok - support team is ok - no annoying advertising letters - a great lot of other stuff like analysts, some courses, demo contests but dunno a lot about it - no need
Glad to hear it! Thanks for the feedback Mikkk01
  • #1,160
  • Aug 29, 2013 4:36am Aug 29, 2013 4:36am
Please be aware that due to the Labor Day public holiday in the US on Monday, 2 September 2013, trading in the below products will be affected:


http://img853.imageshack.us/img853/1792/ghr6.jpg


All other products, including forex and spread betting on forex, will not be affected.


With US banks being closed, SWIFT payments sent in USD will be affected on 2 September 2013.


Normal trading hours will resume on 3 September 2013.



________
Alexander Chadwick
Alpari (UK) Representative
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