Regulation
Alpari (US), LLC is dually registered with the CFTC as a FCM and RFED and is a member of the NFA. NFA Member ID: 0379678.
LATEST NEWS
Frequently Asked Questions
Trading with Alpari (US)
Below you will find some of our customer's most frequently asked questions.
-
Answer
Close
1
Will you close my account if it has a zero balance?
We will NOT close your account if you have a zero balance. You can have a functioning live account with a zero account balance.
-
Answer
Close
2
Do you offer swap-free accounts?
Yes, we do. SWAP free accounts incur no interest charges/payments but on the other hand they incur commission charges. Swap free accounts must pay 10 units of base currency per lot per day. For example, if you were trading 1 lot EUR/USD on a swap free account you would have to pay 10 Euros per day to be able to hold the trade. If you want a swap free account please complete the online application and then send a request to our Client Services Team, to change it over to swap free status.
-
Answer
Close
3
If I don’t want my Demo Account to expire, what should I do?
Alpari (US) Demo accounts are available on a 30-day trial basis. Please contact our Client Services team if you wish to extend your 30-day Demo account period.
-
Answer
Close
4
What are your spreads?
Please see our Contract Specifications page for more information regarding Alpari (US) Spreads.
-
Answer
Close
5
What are your trading hours/When can I trade?
Alpari (US) offers Forex; Forex is an OTC (over-the-counter, OFF exchange) market, so there are no defined trading sessions. If you have a Standard account with Alpari (US) you may trade Forex from 6:00pm EST Sunday to 5:00pm EST Friday. If you have a Pro account, you may trade from 5:00pm EST Sunday - 5:00pm Friday EST.
Our Client Service Team works from 9:00am EST to 6:00pm EST, Monday - Friday. Our Dealing Desk is open from 5:00pm EST Sunday - 5:00pm EST Friday.
-
Answer
Close
6
What is your policy regarding scalping?
We do not have any policies or restrictions on scalping.
-
Answer
Close
7
What is the size of 1.0 lot, your margin requirements, spreads, commission etc?
1 lot is 100,000 units of base currency.
0.1 of a lot is 10,000 units of base currency
0.01 of a lot is 1,000 units of base currency.
Base currency is the first currency in the currency pair.
For further details, please refer to the our Contract Specifications page. -
Answer
Close
8
What is the minimum contract size?
Standard Account: Minimum lot size is .01 (1,000 units) and minimum step is 0.01 thereafter.
-
Answer
Close
9
Does Alpari (US) charge commission?
Alpari (US) does not charge commissions on Standard accounts. Transaction costs are incorporated into the bid/ask spread.
For more information about Alpari (US) Pro account commissions, please contact a Sales representative.
-
Answer
Close
10
Can I change my leverage?
Alpari (US) offers leverage of 50:1* on major currency pairs and 20:1* on all other pairs. Alpari (US) can lower leverage by customer request.
*A higher degree of leverage can lead to great gains as well as greater losses.
-
Answer
Close
11
What instruments do you offer?
Alpari (US) Standard account holders have access to 23 currency pairs. In order to see all currency pairs available for trading, please right-click on the "Market Watch" window in MT4 and select "Show All" within the drop-down menu.
Alpari (US) Pro account holders have access to 55+ currency pairs.
-
Answer
Close
12
How do your rollovers work?
All positions left open between 5:59:45PM and 5:59:59PM (EST) are subject to either a swap fee or swap credit based on the Rollover/Swap Policy. This can be a charge as well as a credit. More details can be found here.
-
Answer
Close
13
Does Alpari (US) tax my earnings?
No. All tax arrangements are your concern. If you have any doubts regarding your tax status we recommend that you seek independent advice.
-
Answer
Close
14
Do you pay interest on the funds in my trading account?
No. Currently we do not pay interest on funds.
-
Answer
Close
15
Will I be subject to an inactivity fee if I am not consistently trading?
Trading accounts will be designated as "inactive" once the account has been inactive for 90 days or more. The trading account will be charged a fee after the 120th day of inactivity. Please click here for details about the applicable fee.
-
Answer
Close
16
What would be the rollover charge when a position is held overnight?
When placing a trade in the spot FX market, the actual value date is two days forward. A deal done on Thursday is for value Monday. A deal done on Friday is for value Tuesday, and so on. On Wednesday the amount of Rollover is tripled in order to compensate for the following weekend (during which time Rollover is not charged because trading is stopped for the weekend).
When calculating the Rollover, the value date is always counting two bank days later. Therefore, if you open your position on Monday and keep it until Tuesday, it will count as if you opened it on Wednesday and kept it until Thursday, in other words 1 day later. However, if you open the position on Wednesday and keep it until Thursday, it will count as if you opened it on Friday and kept it until Monday, in other words 3 days later. Therefore, triple Rollovers apply to positions kept overnight on Wednesdays! On all other days a single Rollover applies, including positions held from Friday to Monday. For a complete list of rollover charges , please visit our swap policy page: http://www.alpari-us.com/en/account_types/swap_policy.html
You can also browse additional Frequently Asked Questions on the following topics:
If you cannot find the answer to your question, please contact our Client Services Team Monday to Friday from 9:00AM - 6:00PM at 1-646-825-5760 or via email on cs@alpari-us.com
