Opinion about alpari

Is alpari a scam? This question has been haunting the broker lately because although it is not a scam, it has had serious insolvency problems. Read our analysis and find out everything or check our list with the best online brokers .

Alpari is an internationally known broker with a great track record. Therefore, it is free from suspicion about the possibility of being a fraud, but unfortunately this is not the only risk that the investor faces. This broker had to declare itself insolvent recently and that has meant that without the need for any scam, it has been more than complicated to recover the deposited money. If you want to invest online, we recommend that you do it in one of our forex brokers recomenVegas Palms .

Our experience with alpari

This broker is still recovering from the scare that the Swiss Central Bank gave it in 2015, when it decided to eliminate the minimum for the exchange rate that was set at 1.20 francs per dollar. The volatility was so great that many clients of this investment platform lost more money than they had deposited, something that is perfectly possible when trading CFDs. When this happened, the broker was consequently the subsidiary responsible for dealing with the losses of its clients. The debacle was so important that it was impossible for him to meet the payment obligations. Faced with this situation, he had no choice but to declare himself insolvent and the forex market saw how one of the reputable brokers stopped paying his clients. The solution came months later when another broker bought Alpari's portfolio of clients from the United Kingdom. So, that safe and well-known broker licensed in the UK disappeared, but the other branches of the company continued, specifically licensed in Belize and Saint Vincent and the Grenadines, which coped well with the situation. On the one hand, one might think that these branches are less safe, but the truth is that none of them went bankrupt when the problems with the Swiss franc occurred.

With this in mind, it must be said that it has not been a fraud or an illegal activity, but a poor management of financial risks. Currently you can trade through this platform, but as we will see below the legal security guarantees are not as high as we would like.

Is alpari a scam?

No, the problems that have arisen so far from dealing with customers are not related to scams. An insolvency is something very different, although the result is equally dangerous for the investor.

Since the part of the company with problems was sold, today the accounts should be healthy, but this entails some problems that previously did not occur. Before it was a company registered in the United Kingdom, which offered its services legally, which was a guarantee (although it is true that it was of little use in the face of the fierceness of the market). Currently, we are talking about a company with licenses from Belize and Saint Vincent and the Grenadines. In fact, on its website it is not clear exactly what the license applicable to New Zealand customers would be. After our research in Estafa.info we can affirm that it would be the company based in Saint Vincent and the Grenadines, which in any case does not offer us the necessary security guarantees.

On the other hand, it is true that the broker's behavior with its clients has always been good and that to maintain and improve its image it should remain so. We must not forget that we are dealing with a company with more than 18 years of experience offering its services.

Investment offer

The investment offer is of good quality. The main financial instruments that can be managed are CFDs, with special attention to forex, and binary options. All this on a platform that uses the MetaTrader4 and 5 softwares, which are a real guarantee of functionality. It also offers the possibility of following managers, but the information available only goes back one year.

The possibility of trading on a demo account is remarkable and very interesting. In this way one can get acquainted with the operation on the platform and even learn from mistakes without falling into unnecessary risks, derived from experience. The best of all, is that the best investors of the demo account, can receive real money prizes, which will be credited to the trading account and can be freely withdrawn to the user's bank account.

In addition to that, the educational section stands out, because this company offers its own training courses and has a good amount of materials to learn or remember the basic concepts.

CFDs

On this platform you can invest in CFDs on Stocks such as silver and gold, West Texas Intermediate oil, Brent, natural gas, and 10 stock indices including the IBEX 35, the German index, the French, the Japanese and the SPX500 among others.

As you can see, the offer in this particular is solvent, but it cannot be said that it is excellent. However, it does seem enough to us to be able to take advantage of any market trend, since there are the most important underlying ones.

Forex trading

In the section of forex investments, things improve noticeably, since you can invest in more than 40 currency pairs that of course include the most important for the dollar, dollar and pound sterling. In the transfers of positions that are kept open during the night from Wednesday to Thursday, the company will apply a commission of triple the cost. Therefore, if it is planned to hold a position for several days, this particular must be taken into account, since it can significantly affect returns.

Binary options trading

As far as binary options are concerned, you can invest in 17 currency pairs, gold, oil and silver as commodities, Google, Facebook and Apple stocks and the S&P500, Nikkei and FTSE 100 indices.

Therefore, this offer can be seen as complementary to the previous one, but it is too biased towards some markets to offer us enough diversity to be able to carry out a global investment strategy. For example, as for the shares, not only are there simply three and all of them American, but also all three are technology companies and very linked to the internet.

Welcome bonus

One of the advantages of not being licensed in a country of the Dollarpea Union is that the company can offer welcome bonuses at its discretion. However, the disadvantage is obvious, these can be abusive.

In this case, the bonus may be interesting for small deposits, but not so for large ones because they only have 30 days to fulfill a trading requirement of 30 times the bonus amount. That is to say that for an income of $ 50 in which $ 25 bonus is received, it is perfectly possible to fulfill the requirement, but in the case of entering $ 1000, the bonus consists of 100% of the income, which multiplied by 30 implies that operations should be made for a total volume of $ 30,000 in just 30 days. Something that is certainly not within the reach of all traders. In any case, to avoid confusion, the bonus is granted once the conditions of the same have been met, in such a way that once granted it can already be withdrawn. The problem is that for this it is very likely that you will have to operate more than you should.

Alpari payment methods

To make your cash income and thus be able to start operating, the company accepts various payment methods so you will surely find one that is convenient for you. The same are: bank transfer, MasterCard and Visa credit cards, FasaPay, Skrill, webmoney and Neteller. As on many other occasions, we miss PayPal, one of the most used payment methods by New Zealand users.

It should also be borne in mind that unlike many other brokers, this one will charge us the commissions. For example, a credit card deposit will have a surcharge of 2%, or a withdrawal of 1.2% + 2 NZD.

Safety and regulations of alpari

As we have already explained above, the company sold its portfolio of UK clients following its insolvency filing and now operates under a Saint Vincent and the Grenadines license. The coverage that this may mean for an investor in Dollarpa is minimal.

Therefore, investing through alpari is simply trusting that things will go well and the broker will continue to carry out its activities normally. Something that there should be no doubt about, but since there are other safer possibilities such as those you can see on our best brokers page (you can get to it by clicking on the menu above where it says forex brokers), it does not seem very reasonable to opt for this one.

Customer service

The customer service is good, but it has the drawback that it does not serve in New Zealand. That said, you have an online chat, a phone and an email address. You can see all of them in the table with the company data at the top of this analysis.

Functionality of the website

The company's website is easy to use, intuitive and without distracting elements. The investment platform is the well-known Metatrader in its versions 4 and 5, which is a guarantee of quality. If there are aspects in which the offer of this company does not convince us at all, in this section we have to say that it is up to the best, and we do not think that you will have any problem when investing.

Mobile application

Although the mobile app has been around for some time, the truth is that it was not very useful to us because it was not available in English but in Russian. This is still the case for users of Apple devices, since in iTunes, they will only find the app in Russian.

However, since December 2016, users of Android devices can check that English has been added to the languages of the app. It has been such a recent change, that not enough time has yet passed to see the opinions of users about said version and the stability of it. That is why we prefer to reserve our opinion about it, be conservative and in the event that it is going to operate mainly from the mobile, we recommend other options whose apps are more consolidated.

Finding

Although we do not doubt that we are not talking about a fraud, scam or scam, the past weighs a lot on the conditions offered to users. A license from Saint Vincent and the Grenadines does not seem to us sufficient. Although there is no reason to think that there will be problems in the future, and in fact the company that now offers the services was already active when the insolvency of the UK section occurred, we recommend our visitors to take a look at our lists with the best CFD brokers and from binary options trading depending on which is the preferred financial instrument of each.

However, if you are still interested in this broker, we recommend trying the demo account and trying to win some of the prizes it distributes. In this way the risk will be zero and you will be able to get to know the company well, before deciding to make any income.