Alpari UK Broker Review
Having a trusted Forex Trader is very important when indulging in Forex trading since it is a leveraged mode of trading and hence you have the potential of even losing much more than you initially invest and this is where the Alpari UK Brokers’ firm comes into picture.
As from the name, this UK-based Forex Traders have a presence in many different parts of the globe. The huge benefit of Alpari UK Brokers is that they provide a variety of options for the traders and also the types of trading accounts which can help the person decide the option which suits him the best. The fact that Alpari UK Brokers are not a scandal comes from the fact that they are regulated and audited bu the Financial Services Authority in UK.
The salient features of Alpari UK are that they allow micro lots which are even as low as 0.01 lot of each transaction and have a tight spread as low as 1.6 pips for the major currency pairs like USDEUR. Depending on the type of account that you have, the commission charges go to as low as 0.09% and there is no commission on a closing trade as well. There are options of accounts like normal MT4 or the Beta of MT5 along with some Alpari Pro accounts which provide extra information and help.
The other benefit of the Alpari UK Broker’s omnipresence is the flexibility to operate the trading accounts in currencies like USD, EUR, GBP, CHF and JPY, which allows the trader to work directly with his native currency. Other than that, they also have Hedging capabilities and also have mobile MT4 platforms to support the trading on the go.
However, there are issues with this trader in terms of the speed of their servers. There are complaints that the slippages are mostly in their favor and server delays are as long as 10 seconds which would result in losses during higher market volatility. Nevertheless, the slippages and server delays are a part and parcel of the Forex trading, and some people have written pretty good things about this service.
However, the best way to find out is by signing up for a Demo Account from Alpari UK. They provide a large amount of options in selecting the demo accounts as well, with options in terms of MT4 and MT5 to the additional capabilities that Alpari UK Brokers provide.
Overall RatingJune 27th, 2010 at 6:44 pm -