Alpari UK Review Scores
Alpari UK
Overall Score: 3.4 / 5
Total Votes: 271
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Alpari UK Discussion
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irbis

Member Since Dec 28, 2009  60 posts irbis Mar 08 2010 at 22:31
yep 1.5 % ... kinda thieves slim

BenScoobert

Member Since Sep 20, 2009  276 posts Ben Scoobert (BenScoobert) Apr 25 2010 at 16:23
Alpari UK seem to me, to be what I expect from a broker, they open accounts quickly, deposit money quickly, they widen spreads when it suits them, their demo account feed doesn't match the live.

Show me the perfect broker and I'll show you it is a fake promotional post by an employee.

See my profile for a no nonsense signal service.
BenScoobert

Member Since Sep 20, 2009  276 posts Ben Scoobert (BenScoobert) May 03 2010 at 18:24
Alpari are also deleting my every demo account i have after a few days. MBT here I come.

See my profile for a no nonsense signal service.
irbis

Member Since Dec 28, 2009  60 posts irbis May 03 2010 at 19:45
when i feel more confident i will open with dukascopy ..
alpari,fxpro, fxcm ..all the same....

rafnet

Member Since Mar 11, 2010  25 posts Rafiu Oluwasina Ganiyu (rafnet) May 03 2010 at 19:57
Once Dukascopy MT4 is fully in operational ,its the best broker that one should open an account with.As regards Alpari,the demo feeds is not the same with live feeds,the spread is very tight on demo while on live account is wider.Thats not good at all.

BenScoobert

Member Since Sep 20, 2009  276 posts Ben Scoobert (BenScoobert) May 03 2010 at 20:09
yes i swapped a few emails with them about that, the demo feed is from the $20k account, which i told them i thought was deceptive

See my profile for a no nonsense signal service.
irbis

Member Since Dec 28, 2009  60 posts irbis May 03 2010 at 20:28
its not just is wider.. i told you they re all crap..
dukas seems fair..

MyLiveEA

Member Since Mar 21, 2010  68 posts MyLiveEA May 03 2010 at 21:11
Guys I hate to tell you this but the demo feed is never the same as the live feed. It's impossible.

Having said that has anyone looked into this 'Swiss' broker MigBank. From the outside it looks like it might be a good one as far as keeping funds safe, the spreads are high. They do have a strong media presence advertise on Bloomberg etc.
thanks
randy

BenScoobert

Member Since Sep 20, 2009  276 posts Ben Scoobert (BenScoobert) May 04 2010 at 19:05
Following an exchange of emails today with Alpari, I have decided I cannot recommend them as a broker any more.

They simply have no concept of customer service, its not like they even offer value for money. Everyone do yourself a favour and look elsewhere, there are far better, cheaper brokers. yell

See my profile for a no nonsense signal service.
ProtecEA

Member Since Feb 06, 2010  24 posts ProtecEA Jun 17 2010 at 16:50 (edited Jun 17 2010 at 16:53 )
Naughty naughty, your a very naughty boy! - https://www.fsa.gov.uk/pubs/final/alpari.pdf

I read it all so you don't have to! Essentially over a 2 year period they did not adequately carry-out due diligence with all their customers from high risk nations like Nigeria as a result they failed to meet FSA regulations as a broker and thus;

'Alpari’s failings in the relevant period are viewed as being serious as they exposed Alpari UK to the risk of being used to facilitate financial crime.'

They were fined £200,000 and paid £140,000 a 30% discount for paying early!

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