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Hi guys! Let`s face it, the majority of all forex brokers that support the MetaTrader 4 platform are pure bucketshops.
The truth is you are not trading in a true market environment but instead are in a "sandbox" type of trading environment called dealing-desk where the broker has full control over your position. You are winning money - he is losing it. And in such type of environment winners are obviously not welcome... If you win consistently on a long term basis your account can be banned or suspended and all your profits go to nowhere! or indeed in the broker`s greedy pocket!
Min. Deposit: $200 Founded: 1998 Platforms: Metatrader 4 Regulation: Alpari (US), LLC is registered with the Commodities Futures Trading Commission (CFTC) as a Futures Commission Merchant and is a member of the National Futures Association (NFA) Support: Standard support The Good: Old and professional broker: 3 companies under 1 name. The Bad: No proper live support agents
ALPARI is an old and professional broker. They have 3 companies united under 1 common name. Alpari (US), LLC is registered with the Commodities Futures Trading Commission (CFTC) as a Futures Commission Merchant and is a member of the National Futures Association (NFA).
The spreads are normal comparing to other brokers and I have not heard anything bad about them. However UK and US versions do not have live support and Russian company live support could not respond properly about the differences between their 3 companies and was very unfriendly.
Short Interview with Live Chat Alpari Russia (alpari-forex.com):
Mark | 16:33 Do you have English live support?
Mark | 16:36 Hello. I am interested in Alpari brokerage and would like to find out more about it. Are you regulated?
Mark | 16:35 are you here?
16:36 Dmitry Suvorov has joined the chat.
Dmitry Suvorov | 16:36 Hello! Yes. We are regulated by FRA.
Dmitry Suvorov | 16:36 http://kroufr.org/ If you mean Alpari IDC Corp.
Mark | 16:37 I know you have Alpari Russian, UK and US versions. I am very confused. Which one is better and more reliable? What are the differences?
Dmitry Suvorov | 16:39 All this companies are different artificial persons
Mark | 16:39 Which one is better and more reliable?
Mark | 16:42 is this a live support or what? it takes 10 mins to get your reply. do you have proper english live support?
Dmitry Suvorov | 16:43 Now you're chatting with the customer support of Alpari IDC Corp. If you have any questions about Alpari UK or Alpari US, just contact their support. I can give you information about our company
Mark | 16:44 I ask what are the differencies between your 3 companies. Do you have different price feeds?
Dmitry Suvorov | 16:47 I answered that Alpari UK, Alpari US and Alpari IDC Corp are different brockers. About our contract specification you can check up info at http://www.alpari-forex.com/en/cspec/