Alpari 

Alpari is a forex and CFD (Contracts for Difference) broker that offers trading services to both individuals and institutions. Established in 1998, Alpari provides access to a wide range of financial markets, including currencies, indices, commodities, and cryptocurrencies1. They offer popular trading platforms like MetaTrader 4 and MetaTrader 5, and support various trading strategies, including scalping and hedging

A minimum deposit of $1 is required to establish a live account. Alternatively, Alpari provides a demo account that you may use to test and become comfortable with their platform. Regulated by FSA (Saint Vincent and the Grenadines), Alpari keeps all customer funds in a separate bank account with tier-1 institutions. Alpari has been in business since 1998, with headquarters in St. Vincent and the Grenadines. Before we get into the specifics of Alpari’s spreads, fees, platforms, and trading tools, you may want to open their website in a new tab by clicking the button below to get the most up-to-date information straight from them.  

Alpari is a well-known online trading broker that offers a range of financial instruments, including forex, commodities, and indices. Here’s a detailed overview of their spreads and fees:

1. Trading Accounts

Alpari typically offers several types of trading accounts, each with different spreads and fee structures:

– Standard Account:

  – Spreads: Typically variable spreads starting from around 1.2 pips.
  – Commission: Generally no commission on trades, but the spread includes the cost.

– ECN Account:

  – Spreads: Starts from 0.0 pips, but may vary significantly based on market conditions.
  – Commission: Usually charged per trade, for example, $3.00 per lot.

– Pro Account:

  – Spreads: Variable spreads starting from about 1.0 pips.
  – Commission: May have a lower fee structure compared to the standard account.

2. Types of Spreads

– Fixed Spreads: Generally remain constant, providing predictability.
– Variable Spreads: Can widen or narrow depending on market volatility and liquidity.

3. Overnight Fees (Swap Rates)

Alpari charges overnight fees (swap rates) for holding positions open beyond a trading day. These fees vary based on:
– The currency pair or instrument.
– The direction of the trade (buy or sell).
– The broker’s policy on interest rates.

4. Deposit and Withdrawal Fees

– Deposits: Alpari usually does not charge fees for deposits, but this can depend on the payment method.
– Withdrawals: Might incur fees, especially for certain payment methods (e.g., wire transfers).

5. Inactivity Fees

If an account remains inactive for a significant period (typically 6 months), Alpari may charge an inactivity fee.

6. Additional Costs

– Margin Costs: Depending on the leverage used, there might be additional costs associated with maintaining margin.
– Data Fees: Accessing advanced market data may incur additional charges.

7. Regulatory Considerations

Alpari is regulated by various financial authorities, depending on the region, which can impact fees and spreads. It’s essential to check the specific regulations that apply to your account.

8. Promotions and Bonuses

At times, Alpari may offer promotions such as reduced spreads or bonuses on deposits, which can be advantageous for traders.

Spreads and Fees

Alpari, like most brokers, charges a commission on the spread, which is the difference between the buy and sell price of an asset. The commissions and spreads shown here are based on the Alpari website’s minimum spreads. Forex Alpari City Index XTB     Spreads are dynamic and are provided solely for informational reasons. As you’ll see, the minimum spread for trading EUR/USD at Alpari is 1 pips, which is relatively high when compared to the average EUR/USD spread of 0.70 pips. The table below compares how much it would cost to trade one lot of EUR/USD with Alpari vs other brokers.