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Alpari.co.uk Discussion

  • #1,201
  • Oct 17, 2013 11:04am Oct 17, 2013 11:04am
Quoting Alpari UK
{quote} Hi shrike, You can compare Alpari UK’s accounts on the MetaTrader and Pro platforms here. Alex ________ Alexander Chadwick Alpari (UK) Representative
That doesn't really say what the difference is..
  • #1,202
  • Oct 18, 2013 3:11am Oct 18, 2013 3:11am
Quoting shrike
{quote} That doesn't really say what the difference is..
Hi shrike,

The primary difference between the two is that Alpari Direct Pro is web-based while Alpari Direct is a desktop application.

Alpari Direct Pro –> the web-based solution is geared towards professional level traders. You can trade alongside full-time traders with the tools and features that financial institutions use - advanced order types and depth of market.

Alpari Direct –> the desktop application gives advanced traders who wish to make larger deposits the opportunity to execute deals with interbank-level pricing. However, it does not possess advanced order types nor depth of market.

Key features available on both platforms are:

  1. 57 currency pairs
  2. Precious metals trading
  3. Spreads from 0 pips
  4. Deep liquidity
  5. No dealing desk intervention
  6. User-friendly trading technology
  7. High-speed execution with no re-quotes

If you’d like further information, PM me your details. I’ll be happy to ask one of our representatives to walk you through each of the platforms.

Alex

________
Alexander Chadwick
Alpari (UK) Representative

  • #1,203
  • Oct 18, 2013 8:19am Oct 18, 2013 8:19am
So one is MT4 and one is the currenex frontend? Because the Alpari Direct link shows a screenshot of the java Currenex frontend too (altho without 1/10 pip pricing).

http://www.alpari.co.uk/trading-platforms/alpari-direct

I would suggest to rework this website, i think its not very clear.
  • #1,204
  • Oct 18, 2013 8:39am Oct 18, 2013 8:39am
Quoting shrike
So one is MT4 and one is the currenex frontend? Because the Alpari Direct link shows a screenshot of the java Currenex frontend too (altho without 1/10 pip pricing). http://www.alpari.co.uk/trading-platforms/alpari-direct I would suggest to rework this website, i think its not very clear.
Hi shrike,

Both Alpari Direct (desktop application) and Alpari Direct Pro (web-based) are powered by Currenex.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,205
  • Oct 22, 2013 4:33am Oct 22, 2013 4:33am
Over on another thread you were asked a question:

GDR3k,
If I opened a spreadbetting account with you and made a profit, would that profit come from Alpari (which I can't imagine you'd be best pleased about), or another source?




To which you replied:
Hi GDR3k,

We're just an agent.


Alex

________
Alexander Chadwick
http//www.alpari.co.uk]Alpari (UK) Representative[/url]




Do you feel this is an adequate response to that question?
Regards,
  • #1,206
  • Oct 22, 2013 5:03am Oct 22, 2013 5:03am
Quoting 4Xfactor
Over on another thread you were asked a question: GDR3k, If I opened a spreadbetting account with you and made a profit, would that profit come from Alpari (which I can't imagine you'd be best pleased about), or another source? To which you replied: Hi GDR3k, We're just an agent. Alex ________ Alexander Chadwick http//www.alpari.co.uk]Alpari (UK) Representative[/url] Do you feel this is an adequate response to that question? Regards,
Hi 4Xfactor,

I’m sorry if you felt the answer to the question was not clarified.

Acting as an agent implies that we are a Non-Dealing Desk (NDD) broker. We understand that a fair and transparent structure is important to you as a trader and consequently offer you NDD execution for forex and spot gold/silver.

The NDD execution model allows you to trade directly with the market. You can execute your orders at the best possible price we receive from our pool of liquidity providers plus a mark-up. Mark-ups are how brokers make their money and our mark-ups are very competitive.

We take great care in the selection of our liquidity providers to give you access to a large liquidity pool. Alpari UK’s liquidity providers include 10+ of the global tier-one banks.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,207
  • Oct 22, 2013 5:13pm Oct 22, 2013 5:13pm
Quoting Alpari UK
{quote} Hi 4Xfactor, I’m sorry if you felt the answer to the question was not clarified. Acting as an agent implies that we are a Non-Dealing Desk (NDD) broker. We understand that a fair and transparent structure is important to you as a trader and consequently offer you NDD execution for forex and spot gold/silver. The NDD execution model allows you to trade directly with the market. You can execute your orders at the best possible price we receive from our pool of liquidity providers plus a mark-up. Mark-ups are how brokers make their money and...
Thanks Alex,

Does that mean that Alpari never takes the opposite side of their clients trade?
  • #1,208
  • Oct 23, 2013 1:48am Oct 23, 2013 1:48am
Quoting 4Xfactor
{quote} Thanks Alex, Does that mean that Alpari never takes the opposite side of their clients trade?
Hi 4Xfactor,

Again, we're just an agent


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,209
  • Oct 23, 2013 1:53am Oct 23, 2013 1:53am
AlpariUK does have a license to deal as a principal tho too.

http://www.fsa.gov.uk/register/firmP....do?sid=167495
  • #1,210
  • Oct 23, 2013 8:18am Oct 23, 2013 8:18am
Quoting Alpari UK
{quote} Hi 4Xfactor, Again, we're just an agent Alex ________ Alexander Chadwick Alpari (UK) Representative


Alex,

Thanks for the smile ;-)

I take the refusal to answer the question directly, coupled with Shrike's post as a, YES.

YES Alpari does take the opposite side of its clients trades. Until you convince me otherwise. I was watching this video lately, and this ex Goldman Sach's trader advises all traders not to have or open accounts with brokers who engage in such tactics:

Inserted Video

Inserted Video


Q: "Which criteria would you use to find the right broker?

A: "I think it is important to know if the broker is taking the other side of your trades, first of all. What you'll find is that there is a lot of conflict of interest in the industry when you're a retail trader. Just because spreads are tight and commissions are low doesn't mean its a good thing. because all that means is that the broker is going to try to turn your account over more aggressively so you pay them as much money ...
IT IS REALLY IMPORTANT that you find brokers who aren't aggressively taking the other sides of you trades, because that's a huge conflict of interest ... So you know in the products like spread-betting and CFDs, a lot of them still do, they go unhedged on the other side of your positions, so they would actually prefer that you didn't make money."

Regards,
  • #1,211
  • Oct 23, 2013 2:19pm Oct 23, 2013 2:19pm
Quoting 4Xfactor
{quote} Alex, Thanks for the smile ;-) I take the refusal to answer the question directly, coupled with Shrike's post as a, YES. YES Alpari does take the opposite side of its clients trades. Until you convince me otherwise. I was watching this video lately, and this ex Goldman Sach's trader advises all traders not to have or open accounts with brokers who engage in such tactics: http://www.youtube.com/watch?v=9h3lByx59ns http://www.youtube.com/watch?v=LoIJZEbOLuc Q: "Which criteria would you use to find the right broker? A:...
[highlight=rgba(255, 255, 255, 0)]Hi 4Xfactor,[/highlight]

[highlight=rgba(255, 255, 255, 0)]Thank you for your post.[/highlight]

[highlight=rgba(255, 255, 255, 0)]While I appreciate your concerns, what you have stated is incorrect. There really isn't much more I can add to what I have already clarified in my previous posts - we are an NDD broker. Our execution model allows you to trade directly with the market. Your orders get executed at the best possible price which we receive from our pool of liquidity providers plus a mark-up.[/highlight]


[highlight=rgba(255, 255, 255, 0)]Alex[/highlight]

[highlight=rgba(255, 255, 255, 0)]________[/highlight]
[highlight=rgba(255, 255, 255, 0)]Alexander Chadwick[/highlight]
Alpari (UK) Representative
  • #1,212
  • Oct 24, 2013 2:28am Oct 24, 2013 2:28am
Quoting Alpari UK
{quote} Hi 4Xfactor, Thank you for your post. While I appreciate your concerns, what you have stated is incorrect. There really isn't much more I can add to what I have already clarified in my previous posts - we are an NDD broker. Our execution model allows you to trade directly with the market. Your orders get executed at the best possible price which we receive from our pool of liquidity providers plus a mark-up. Alex ________ Alexander Chadwick Alpari (UK) Representative



Thanks Alex,


Does that mean that Alpari never takes the opposite side of their clients trade?

  • #1,213
  • Oct 24, 2013 6:47am Oct 24, 2013 6:47am
http://img542.imageshack.us/img542/5108/w7xx.jpg


Dear Trader,

Due to clock changes (Daylight Saving Time) in the UK and Europe this weekend, your trading hours may be affected. We’d also like to remind those of our clients who wish to trade using charts based on the New York closing prices that our daily charts will be out of alignment with the New York market close between Monday, 28 October and Friday, 1 November 2013. Once US Daylight Saving Time finishes on 3 November, 00:00 MetaTrader(EET, GMT+2) will once again coincide with the New York close at 17:00 EDT.

Forex

Between Monday, 28 October and Friday, 1 November the start of forex trading will be unaffected. On Friday, 1 November forex trading will close at 23:00 MetaTrader time (EET, GMT+2).


Precious metals, contracts for difference (CFD) and spread betting*

The following session times will be affected during the period between Monday, 28 October and Friday, 1 November. All times are in MetaTrader time (EET, GMT+2).

http://img843.imageshack.us/img843/3476/hyyi.jpg

All opening and closing times return to normal on Sunday, 3 November 2013.


________
Alexander Chadwick
Alpari (UK) Representative
  • #1,214
  • Edited 6:24pm Oct 24, 2013 9:06am | Edited 6:24pm
Dear Alpari Traders,

I suggest you all ask Alex the following question, which he seems very keen to avoid answering:


Does Alpari ever take the opposite side of their client's trade?



As a current Alpari client I believe I have a right to know the answer to that question. Would the FSA be able to confirm the answer, or some other regulatory body? Or anybody else in fact??

Regards
  • #1,215
  • Oct 25, 2013 1:03am Oct 25, 2013 1:03am
You know, i don't much care what they are doing, if they take oposit trade or not. That is there business. But i more care of that, when they advertising that they have the best liquidity and liquidity providers, and you still have highest spreads in industry, even that would be ok if you are not scalping,, but on top of that, i need to add 1-1,5pips in MT4 to avoid any requot. Thats one of things what care me. Other is thing is spikes, what i shown in previous post.

Hope to see something better in future, but there is only strange things coming up from Alpari, like Option trading, it is a new way to take money from new players who not counting risks, watching videos on line and playing like casino red/white.
  • #1,216
  • Oct 25, 2013 1:52am Oct 25, 2013 1:52am
Quoting Alpari UK
{quote}... There really isn't much more I can add to what I have already clarified in my previous posts - we are an NDD broker. Our execution model allows you to trade directly with the market.... Alpari (UK) Representative
Their model "allows" you to trade directly with the market, doesn't always mean you are actually trading directly with the market. I think it's pretty obvious the answer is "Yes, they take the opposite side of their clients trade". How often do they do it? Who knows.
  • #1,217
  • Oct 25, 2013 8:44am Oct 25, 2013 8:44am
Quoting TheGrind
{quote} Their model \"allows\" you to trade directly with the market, doesn't always mean you are actually trading directly with the market. I think it's pretty obvious the answer is \"Yes, they take the opposite side of their clients trade\". How often do they do it? Who knows.

I think you are right - the answer is obviously YES.
This is a serious concern since it represents a very dangerous conflict of interest.
I'm surprised that the FCA allow brokers to do this - trade against their clients effectively, unless of course such tactics are also regulated somehow.

I also wonder why a multi-national (excepting the USA of course ;-) ) financial company would have to resort to such tactics? Is it so they can get their hands on your money a little faster?

I am going too investigate this a little further ...
  • #1,218
  • Oct 30, 2013 3:38am Oct 30, 2013 3:38am
Can I ask anyone and everyone about account types please and if there are better options for my trading.

I am currently Spread Betting with Alpari so obviously this is tax free. Generally the spread is 2.8 points on my market of choice EURCHF. I execute short term scalping trades which sometimes have a Profit Target between entry and exit excluding spread of 8 to 9 points. Once you add the spread then it's costing me 30% per trade both for winners and losers. I see Alapri offer lots of account types and some of these offer a lower spread - some even say zero. So I am trying to understand if a different account type would work better for me. And if so which.
  • #1,219
  • Oct 30, 2013 6:00am Oct 30, 2013 6:00am
Quoting Lover Man
Can I ask anyone and everyone about account types please and if there are better options for my trading. I am currently Spread Betting with Alpari so obviously this is tax free. Generally the spread is 2.8 points on my market of choice EURCHF. I execute short term scalping trades which sometimes have a Profit Target between entry and exit excluding spread of 8 to 9 points. Once you add the spread then it's costing me 30% per trade both for winners and losers. I see Alapri offer lots of account types and some of these offer a lower spread - some...
Hi Lover Man,

Thank you for your post.

If you would like to gain access to tighter spreads, I would recommend looking into the either our MT5 ECN account or MT4 Pro account which offer lower transaction costs through a reduced spread/commission combination.

The transaction cost is dependent on the amount of volume you transact on a monthly basis, so transaction cost decrease as your volumes increase. Commission is based on volume traded per calendar month and commissions are nominal per currency pair traded.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,220
  • Oct 30, 2013 12:29pm Oct 30, 2013 12:29pm
Quoting Alpari UK
{quote} Hi Lover Man, Thank you for your post. If you would like to gain access to tighter spreads, I would recommend looking into the either our MT5 ECN account or MT4 Pro account which offer lower transaction costs through a reduced spread/commission combination. The transaction cost is dependent on the amount of volume you transact on a monthly basis, so transaction cost decrease as your volumes...
I've looked at a Pro demo with MT4. It seems the spread on EURCHF is around 1.4 to 2 points which is better than Spread Betting but not by much. Would there be any difference if I tried the Aplari Direct Platform - what is this?
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