Alpari

Alpari (not to be confused with Alpari UK), enjoys one of the best reputations for honesty among all retail forex brokers. There are numerous reports on the internet about Alpari spontaneously returning customers’ money on orders that didn’t get filled properly as a result of some error on Alpari’s part. This is almost unheard of in the retail Forex world, as most traders have to fight tooth-and-nail with their brokers for every pip. If this is the sort of service you value, and you should, then look no further than Alpari.

Alpari is regulated by the FRA (Financial Regulation Agency) in Russia, and has been in business since 1998. Since 2005, Alpari has won numerous national awards, including “Best Internet Broker” by the “Russian Financial Elite”, and “The Best Russian Company – 2007 – The Best Business Reputation in the Financial Sphere” by “Financial Russia 2007″.

On top of that, they offer a wide range of tradeable instruments (please be aware that alpari.classic accounts have a wider choice than alpari.micro accounts), very competitive spreads, the Metatrader 4 (MT4) trading platform which is preferred among the majority of traders, as well as forex education. Alpari is also known for having the best quality free historical chart data for use in backtesting. It should be noted that this data is available to the public and can be downloaded by anyone, including non-members.

On the downside, Alpari customer support gets a poor rating simply because their live chat is almost always either unavailable or experiencing technical difficulties and they don’t offer a toll-free telephone number, so if you don’t want to have a large phone bill, you have to rely on email support, which has its inherent delays and is not very suitable to a fast moving environment such as the forex market..

Registered Business Name: Alpari NZ Limited (New Zealand)
Broker Headquarters: New Zealand
Also has offices in: Many branches around Russia
Regulated By: FRA/KROUFR

In business since year: 1998
Client Account Segregation: ASB Bank New Zealand
Collect Taxes on Earnings: No
Prohibit clients from: USA, United Kingdom, New Zealand. US and UK clients can open accounts at Alpari UK and Alpari USA respectively.
Deposit/Withdrawal methods:
Method Deposit Fee Withdrawal Fee
Visa $0 $0
WebMoney $0 $0
WebMoney Card $0 $0
Wire Transfer $0 $25/EUR25

Main liquidity providers: UnknownBarclays Capital, UBS Bank, Deutsche Bank, JP Morgan