Alpari UK spreads Reduced

Discussion in 'Forex Brokers' started by Wallace, Feb 19, 2007.

  1. edited:

    EURUSD 2 pips
    USDCHF 4 pips
    GBPUSD 3 pips
    USDJPY 3 pips
    AUDUSD 3 pips
    USDCAD 4 pips
    EURCHF 3 pips
    EURJPY 3 pips
    EURGBP 2 pips
    GBPJPY 7 pips
    GBPCHF 7 pips
    EURCAD 8 pips
    EURAUD 10 pips
    NZDUSD 5 pips
    USDSGD 8 pips
    CHFJPY 4 pips

    The minimum deposit is USD 1,000 or the equivalent in GBP, EUR or CHF.
     
  2. Cybren

    Cybren

    Does Alpari already accept EUR denomination?

    Would be attracted if USD/JPY would also be on 2 pips.
     
  3. "The minimum deposit is USD 1,000 or the equivalent in GBP, EUR or CHF."

    re 2 pip usd/jpy spread, ask them.
     
  4. jlpi

    jlpi

    The problem with Alpari UK is that even if they are FSA regulated they ask you to sign an agreement saying that your are an "intermediate Trader" (I think it is the exact term or maybe it is adanced trader, but anyway).
    And then because of that you loose the most interesting part of FSA regulation. If Alpari goes bankrupted you will be placed in the common pool of creditors.
    Otherwise thay would have to manage your money in a separate account.

    That's why I don't do business with them.
     
  5. Xenia

    Xenia

    AFAIK: Intermediate customers are excluded from the
    "Financial Ombudsman" thing but not excluded from FSCS.