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  • #1,221
  • Oct 30, 2013 4:00pm Oct 30, 2013 4:00pm

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

  • #1,222
  • Oct 31, 2013 2:33am Oct 31, 2013 2:33am
Quoting Lover Man
Would there be any difference if I tried the Aplari Direct Platform - what is this?
Hi Lover Man,

The Currenex-powered Alpari Direct platform gives advanced traders who wish to make larger deposits the opportunity to execute deals with interbank-level pricing. Choose from 57 currency pairs with spreads from 0 pips, no dealing desk and no re-quotes. The minimum deposit for an Alpari Direct account is USD20,000 with leverage up to 1:100.

http://www.alpari.co.uk/media/133842...irect_shot.png

Why not try a demo by clicking here?


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,223
  • Nov 4, 2013 12:45pm Nov 4, 2013 12:45pm
Hello everyone ,
I never traded forex but i have traded binary options and now i want to start to trade FX.
i'm looking for a good broker and i found out that Alpari - FXCM - EXNESS and OANDA are the best brokers.
i want to trade with MT5 because there is 2H , 3H , 8H etc.. time frames there (MT4 doesn't have it , it has only period converter that work very bad and inconveniente), so the only good brokers that i found that provide trading via MT5 is EXNESS and Alpari. FXCM and OANDA offering only MT4.
i heard a lot of mixed opinions about EXNESS so i don't realy sure about them.
OANDA , ALPARI and FXCM heard a lot of great thing about them all.
FXCM has it's own platform that has 2H, 3H etc.. time frames but they don't allow to deposit and withdrawal via NETELLER, and because i want broker that i can deposit and trade with NETELLER , i cannot chose them . OANDA also don't allow NETELLER and has realy big spreads.
i think that alpari is the best broker for me ( if you have recommendations for other brokers you are more than welcome to write them! ).
because i want to trade with MT5 , they have special account for that but i don't understand it.
here is the compating:
http://www.alpari.co.uk/products/pro...mparison-table
what is the difference between them?
i won't leverage my trade so the "Floating leverage" section doesn't bother me.
Why is the "Minimum spread" in the MT5 account is 0 pips and with the classic MT4 account it's 1.2 pips?
what is "Execution" , why in the classic account it's "NDD ECN for forex and gold/silver" and in the MT5 account it's "Exchange"? what is the difference? what is better?
in the "Minimum trade size" the MT4 is 0.1 and in the MT5 it's 0.01. --- 0.01 it's better to me because my initial deposit will be 1000$ and i have more flexibility in my trades , i can take less risk on my trades. but why there's a difference between them?
  • #1,224
  • Nov 4, 2013 2:57pm Nov 4, 2013 2:57pm
Hi Alex,

Does Alpari UK plan on supporting either Ninja Trader or Multicharts in the foreseeable future?

Thanks
  • #1,225
  • Nov 5, 2013 4:30am Nov 5, 2013 4:30am
Hi interputure,

Thank you for your post.

Quoting interputure
i think that alpari is the best broker for me
Good to hear

Quoting interputure
Why is the \\\\\\"Minimum spread\\\\\\" in the MT5 account is 0 pips and with the classic MT4 account it's 1.2 pips?
The feature rich MT5 accounts are designed to offer a lower transaction cost through a reduced spread-commission combination.

Please note that no commissions are currently being charged however in the future Alpari (UK) may introduce commission charges. If we do we'll inform you well in advance.



Quoting interputure
what is \\\\"Execution\\\\" , why in the classic account it's \\\"NDD ECN for forex and gold/silver\\\" and in the MT5 account it's \\\"Exchange\\\"? what is the difference?
The difference is because of the execution type. MT4 Classic accounts offer instant execution while MT5 offer market execution.

An instant execution order is one that's executed at the price on the screen.

When you place an instant execution order, the terminal sends the request to buy or sell at the current price on the screen. If the price is still available in the market, we execute the trade. If not, there will be a "re-quote" where we return a new two-way price at which you can resubmit the order or have the option to cancel it.

A market execution order is one that's executed at the best price available in the market. There are no re-quotes, but the price will not necessary be the one you saw on the screen when you placed the order.

The price the order is filled at may sometimes differ from the price seen on the platform because:

• the price may have moved from the last market snapshot, or

• the trade volume you requested may be larger than the volume available in the market at the best tradable bid/offer (ask) price shown on the screen



Quoting interputure
in the \\\"Minimum trade size\\\" the MT4 is 0.1 and in the MT5 it's 0.01. --- 0.01 it's better to me because my initial deposit will be 1000$ and i have more flexibility in my trades , i can take less risk on my trades. but why there's a difference between them?

It's a commercial decision driven by consumer demand.


Alex


________
Alexander Chadwick
Alpari (UK) Representative
  • #1,226
  • Nov 5, 2013 4:33am Nov 5, 2013 4:33am
Quoting mitch77
Hi Alex, Does Alpari UK plan on supporting either Ninja Trader or Multicharts in the foreseeable future? Thanks

Hi mitch77,

We're always looking to improve our products. I'll pass this request on to management and let you know as and when I have any updates.


Alex


________
Alexander Chadwick
Alpari (UK) Representative
  • #1,227
  • Nov 5, 2013 11:22am Nov 5, 2013 11:22am
Quoting Alpari UK
The feature rich MT5 accounts are designed to offer a lower transaction cost through a reduced spread-commission combination. Please note that no commissions are currently being charged however in the future Alpari (UK) may introduce commission charges. If we do we'll inform you well in advance.

I currently use MT4. If I was to switch to MT5 is there much different that I'd have to figure out / understand?
  • #1,228
  • Nov 5, 2013 12:29pm Nov 5, 2013 12:29pm
Quoting Lover Man
{quote} I currently use MT4. If I was to switch to MT5 is there much different that I'd have to figure out / understand?
Well for a start the spreads would be a hell of a lot lower.

http://www.forexfactory.com/showthread.php?t=455790

I have a MT5 account with Alpari UK, the spreads are very good and more time frames are also available.

I think MT5 is just as straight forward as MT4 but I manual trade if that makes a difference.
  • #1,229
  • Nov 5, 2013 12:51pm Nov 5, 2013 12:51pm
Quoting mitch77
{quote} Well for a start the spreads would be a hell of a lot lower. http://www.forexfactory.com/showthread.php?t=455790 I have a MT5 account with Alpari UK, the spreads are very good and more time frames are also available. I think MT5 is just as straight forward as MT4 but I manual trade if that makes a difference.
Ok thanks

Who are Lmax?
  • #1,230
  • Nov 6, 2013 9:14am Nov 6, 2013 9:14am
Now that I have my MT5 demo account up and running I need some help with my indicators. I only use 2. One prints the pivots - daily and weekly. The other prints big round numbers like 1.2300 etc. Any ideas if I can convert these from my4 to mt5 or find new?
  • #1,231
  • Nov 6, 2013 11:23am Nov 6, 2013 11:23am
Attached Image (click to enlarge)
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and

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-11-06 at 19.18.22.png Size: 39 KB


but as I can see they MT4 mobile is working.

I wanted to enter to MyAlpari. Crash there too with a number of registration.

What has banks and brokers in common?
- the cost reduction for site and software development? - (I can't count how many crash I have sent to my bank with they software. I bet the final user are testing)
I want to buy PATIENCE
  • #1,232
  • Nov 7, 2013 3:14am Nov 7, 2013 3:14am
Quoting Lover Man
Now that I have my MT5 demo account up and running I need some help with my indicators. I only use 2. One prints the pivots - daily and weekly. The other prints big round numbers like 1.2300 etc. Any ideas if I can convert these from my4 to mt5 or find new?
Hi Lover Man,

Thanks for your post.

I've found an mt4 to mt5 indicator conversion thread on forexfactory that may help.

Alternatively indicators for mt5* are available on various forums.


Alex

________
Alexander Chadwick
Alpari (UK) Representative


*Please remember that Alpari (UK) provides an execution-only service. The links here does not contain (and should not be construed as containing) investment advice or an investment recommendation, or, an offer of or solicitation for, a transaction in any financial instrument. We cannot accept responsibility for any use that may be made of these comments and for any consequences that result.
  • #1,233
  • Edited 9:34pm Nov 11, 2013 9:22pm | Edited 9:34pm
Can someone please post a current live screenshot of the Alpari Direct Pro platform (Currenex, not MT4)? Thank you
  • #1,234
  • Nov 11, 2013 9:50pm Nov 11, 2013 9:50pm
I had a look at the demo - the chat insists that spreads/liquidity is the same as in production. I wasn't really impressed with the spreads, fees are cheap tho. Starting at $15/m.
  • #1,235
  • Nov 12, 2013 12:27am Nov 12, 2013 12:27am
Hi Alex (Alpari UK),

I have downloaded MT5 and created a demo account. Since Alpari doesn't provide live spread, I use indicator to check the spread for those currency pairs that I trade. I'm surprise that on your website (http://www.alpari.co.uk/accounts/mt5-account), it says "spreads from 0 pips", but the lowest spread that I see, are usually EURUSD & USDJPY, which are usually at 0.7 pip. This is nowhere near 0 pip.

I'm currently using FxPrimus as my broker (http://www.fxprimus.com/). It clearly states that "Forex Spreads from 0.3 pip", and in fact, the spread for EURUSD & USDJPY are constantly below 0.3 pip (usually at 0.2 pip, and sometimes, drop to 0.1 pip). Don't take my word for it, you can check for yourself, the live spread for ECN account, provided on FxPrimus homepage.

Another concern of mine, is the market execution that you mentioned earlier. Is it possible to set MT5 as instant execution? I don't like the idea that, if I want to, say, buy EURUSD at 1.3400, and it might be executed at 1.3430. Can I reject the price at 1.3430 (like in instant execution)?

What about pending order? If I pend a buy order at 1.3400, is there a possibility of being executed at, say 1.3430? If yes, is there a way to reject the 1.3430?

Please do advice. Thank you very much in advance.
  • #1,236
  • Nov 12, 2013 1:10am Nov 12, 2013 1:10am
Hi Alex (Alpari UK),

I had a live chat with Alpari Dubai, and I was told that, if I go with them, the spread will be "Spread from Alpari UK + 0.5 pip". And the explanation given was because the internet speed in UK is very fast. I don't understand this logic. Is internet that slow around the world, in comparison to UK? I just can't comprehend this explanation.

I have ask FxPro from UK, will I face such issue, if I open an account with them, and I was told, there is no such issue with them. Spread is the same, where ever you are. It doesn't discriminate, base on which country you're from!

Btw, I'm from Malaysia, and even if I open an account with Alpari UK website, my account will still be under Alpari Dubai.
  • #1,237
  • Nov 13, 2013 1:55am Nov 13, 2013 1:55am
Hi Avenger999,

Welcome to the forum!

Quoting Avenger999
Hi Alex (Alpari UK), I have downloaded MT5 and created a demo account. Since Alpari doesn't provide live spread, I use indicator to check the spread for those currency pairs that I trade. I'm surprise that on your website (http://www.alpari.co.uk/accounts/mt5-account), it says "spreads from 0 pips", but the lowest spread that I see, are usually EURUSD & USDJPY, which are usually at 0.7 pip. This is nowhere near 0 pip. I'm currently using FxPrimus as my broker (http://www.fxprimus.com/). It clearly states that "Forex Spreads...
Since our forex spreads are set by price competition from multiple liquidity providers, they can vary based on market volatility and liquidity. As that changes, so too can the spread.

It's no secret that the brokerage industry has been in the midst of a price war for the past couple of years. That combined with lower trading volumes last year have caused many brokers to struggle. There was even a UK broker that went bankrupt after trying to entice clients with 0 pip spreads. Last year also saw the failure of a US broker that had previously touted their razor thin spreads. This year an Australian broker went under. If recent events have taught us anything, it's that safety of your funds can have far greater implications than we previously thought.

We are dedicated to the safety of our client's funds:

  1. 100% segregation of retail client funds with top-tier banks
  2. Access to the Financial Services Compensation Scheme
  3. Authorised and regulated in the UK by the Financial Conduct Authority (FCA)

Quoting Avenger999
Another concern of mine, is the market execution that you mentioned earlier. Is it possible to set MT5 as instant execution? I don't like the idea that, if I want to, say, buy EURUSD at 1.3400, and it might be executed at 1.3430. Can I reject the price at 1.3430 (like in instant execution)? What about pending order? If I pend a buy order at 1.3400, is there a possibility of being executed at, say 1.3430? If yes, is there a way to reject the 1.3430? Please do advice. Thank you very much in advance.
If you would like instant execution, you can opt for our MT4 Micro or Classic Accounts. Here you order will be executed at the price on the screen.

To elaborate, when you place an instant execution order, the terminal sends the request to buy or sell at the current price on the screen. If the price is still available in the market, we execute the trade. If not, there will be a "re-quote" where we return a new two-way price at which you can resubmit the order or have the option to cancel it.

On MT5 however, the market execution order is one that’s executed at the best price available in the market. There are no re-quotes, but the price will not necessary be the one you saw on the screen when you placed the order.

The price the order is filled at may sometimes differ from the price seen on the platform because:

  1. the price may have moved from the last market snapshot,
  2. or the trade volume you requested may be larger than the volume available in the market at the best tradable bid/offer (ask) price shown on the screen

Quoting Avenger999
Hi Alex (Alpari UK), I had a live chat with Alpari Dubai, and I was told that, if I go with them, the spread will be "Spread from Alpari UK + 0.5 pip". And the explanation given was because the internet speed in UK is very fast. I don't understand this logic. Is internet that slow around the world, in comparison to UK? I just can't comprehend this explanation. I have ask FxPro from UK, will I face such issue, if I open an account with them, and I was told, there is no such issue with them. Spread is the same, where ever you are. It doesn't discriminate,...
Our regional offices help expedite the application process and also provide tailored services such as first language support to our clients. As you reside in Malaysia, this region does indeed fall under Alpari Dubai. I’ve reached out to our Client Service team in Dubai. Please contact them at [email protected] and they will be happy to clarify your concerns.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,238
  • Nov 13, 2013 7:28am Nov 13, 2013 7:28am
Thank you, Alex, for the reply.

I'm just curious on how does MT5 market execution affect pending order? Imagine that I pend a buy order, at 1.34000 for eurusd? Is there a possibility that the pend order is executed with a price, other then 1.34000? If yes, is there a way for me to state that I only want the pend order to be executed at the exact price of 1.34000?
  • #1,239
  • Nov 13, 2013 10:51pm Nov 13, 2013 10:51pm
Any traders that have experience trading with Alpari MT5 account? Can you please share your experience here. Thank you very much in advance. Cheers!
  • #1,240
  • Nov 14, 2013 1:24am Nov 14, 2013 1:24am
Quoting Avenger999
Thank you, Alex, for the reply. I'm just curious on how does MT5 market execution affect pending order? Imagine that I pend a buy order, at 1.34000 for eurusd? Is there a possibility that the pend order is executed with a price, other then 1.34000? If yes, is there a way for me to state that I only want the pend order to be executed at the exact price of 1.34000?
Hi Avenger999,

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 ?


Alex

________
Alexander Chadwick
Alpari (UK) Representative
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