Alpari Mobile App is a trading platform that has super complete features with a user-friendly appearance that is suitable for all types of traders. But is it good for you?
The trend of trading with smartphones continues to increase because it offers efficiency and ease of trading anywhere and anytime. So, this is a challenge for forex brokers to compete to provide quality mobile trading platforms.
One of them is Alpari which is a well-known forex and CFD broker that offers various trading platforms, including mobile applications. The Alpari Mobile App is well-designed to make it easy for traders to access all the features they need to trade forex and CFDs. The app is fast and responsive and available for iOS and Android devices.
In this review, we will cover the Alpari Mobile App's key features, user experience, and overall performance to help determine whether the app is suitable for your trading needs.
Details on Alpari Mobile App
The Alpari Trading Application is a solution for clients who want to be able to trade on Alpari using their mobile phones. Through this Alpari App, you can trade on both demo and live accounts, without downloading another trading platform separately.
On PlayStore, the Alpari Trading Application has been downloaded 100 thousand times with a rating of 3.5 based on 2,790 reviewers. Meanwhile, on the App Store, this application has a rating of 5.0 from 66 users.
In detail, the following are the specifications for the Alpari mobile app:
- Available on: iOS and Android.
- Account types: All MT5 and MT4 accounts.
- Chart types: Line, candle.
- Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss.
- Indicators: RSI, MACD, Moving averages, Bollinger Bands, Parabolic SAR, and so on.
- Time frames: M1, M5, M15, M30, H1, H4, D1.
- Minimum system requirements: iOS 15, Android 8.0.
Alpari International is one of the largest forex brands. They always try to work hard to make sure traders make the best trading and investment decisions. Established on 24th December 1998, Alpari has started from a small group of men who are looking to start a business in finance in one of the most economically precarious years in Russia's history.
During 20 years of experience in the forex industry, there are about 2 million traders choosing Alpari as the broker to trade with. Alpari has a head office on the 5th Floor, 355 NEX Tower, Rue du Savoir, Cybercity, Ebene 72201, Mauritius. The company is regulated in St.Vincent and the Grenadines (the licensed number is 20389 IBC 2012), IFSC Belize (the licensed number is IFSC/60/301/TS/18).
This broker uses MetaTrader 4 and MetaTrader 5, both of which offer great flexibility, charting tools, and an easy-to-use interface. For higher volumes, the company also provides the Alpari International Direct platform which offers enhanced features for advanced investors.
The company offers an array of live trading accounts to choose from. Each one offers different opportunities and allows traders to trade in different ways. All of their accounts use USD, EUR, GBP, and NGN as the options for base currency. But, NGN accounts are only available to clients in Nigeria.
Each kind of account has a different spread. At Standard Account provides spreads from 1.2, the spread of Micro Accounts is from 1.7, and ECN Account and Pro Account have spread from 0.4. A trader can open an account in Alpari and opt to trade currencies (FX majors, FX minors, FX exotics, and FX RUB), spot metals, spot commodities, stock trading, spot indices, and crypto-currencies.
A trader can find out what the minimum spreads, pip value, swaps, and trading session times are for each instrument before start trading. If the trader is still not sure where to begin, they can found the answer in a guide provided by Alpari on their official website.
Their guide to trading is designed to break down the terminologies and answer the most frequently asked questions by traders. A trader will be trading more quickly and with more confidence in no time.
Besides, Alpari offers PAMM (Percent Allocation Management Module) which allows a trader to choose their desirable Account Manager. This allows traders to have a chance in gaining more profit without advanced knowledge of forex trading. These managers usually have a wealth of experience in the markets, with tried-and-tested strategic trading decisions.
This program also gives opportunities for well-seasoned traders to become Strategy Managers. As Strategy Managers, they can use their trading experience and earn more from profitable trades. They have privileged access to Alpari's advanced programs and all the tools they need to cultivate a massive following of investors. The investors then will help Strategy Managers to earn more through commission fees up to 40%.
Their website also provides various Forex Trading Strategies. Because to increase the chance to profit, it's important to know as much about the markets and the trading strategies behind them as possible. Alpari believes that strategies provide traders with a roadmap for trading, reducing panicked decision-making that can occur in the heat of the moment. In other words, trading in Alpari allows traders to learn about any kind of forex trading strategy.
For educational purposes, the company provides Trading Webinars, one of the variants of technology that allows users to hold seminars, talk shows, and discussions online, without having to communicate face to face.
Alpari creates a very convenient funding and withdrawal experience for each trader. A trader can transfer with any kind of methods, such as e-payment (example: FasaPay, Local Transfer, TC Payment, etc), credit cards (Visa, Mastercard, and Maestro), E-Wallet (Neteller, Skrill, VLOAD, TC Pay Wallet, WebMoney, Perfectmoney, Bitcoin), and bank transfer. If there's been no trading activity on the trader account for at least 6 months, an inactivity fee of 5 EUR/USD/GBP will be applied.
All Back office transfers are processed during standard business hours, 03:00-19:00 GMT+2 (GMT+3 during DST), Monday-Friday. If traders still feel confused, they can contact Alpari's team by any method, such as Live Chat, Telegram, or email.
Key Features
The Alpari Mobile App certainly has all the basic features expected from a trading platform, but several main features make this application more attractive than other trading applications, including:
1. Personalized Trading Journey
You can personalize the app to show the information you need most. For example, you can choose the market, pair, and graph that will be displayed, and which indicators will be used. So, what will be displayed is information that is relevant to the desired settings or interests.
By taking advantage of this feature, of course, you will get several benefits, including:
- Get relevant content or recommendations: This feature allows you to create a trading experience tailored to individual needs and preferences. So, the information obtained is truly useful for users
- Personalize trading settings: With this feature, you can personalize the trading settings you want, starting from chart type, and period, to technical indicators.
- Set alerts: You can also set alerts for updates on important market events, such as price movements, news announcements, and economic data releases. This is of course very necessary for news traders or users of fundamental analysis.
2. All In One Place
The reason that makes Alpari the best trading application is that it has a simple appearance and is very user-friendly. So, this is very helpful, especially for beginner traders, to make it easier to operate this application.
The design of the Alpari mobile app combines account information, market news, and trading charts into one screen. So, this provides a brief overview of everything users need to know. This makes it easy for traders to view all important trading information quickly in all desired menus, starting from balance, opened positions, and bonuses and promotions.
3. Live Quotes and Charts
This feature is very important for every trader as it allows you to see the latest price movements of a particular currency pair or CFD in real time.
The Alpari mobile app provides live quotes and charts for all trading instruments. The charts are interactive, so you can zoom in and out and scroll back in time to see historical price movements. You can also add technical indicators to the desired charts.
Here are some of the benefits of using live quotes and charts on the Alpari Mobile App:
- Stay up to date on the latest market conditions.
- Identify trading opportunities.
- Make the right trading decisions.
4. Monitor Trading Performance
Alpari Mobile's Trader Performance Monitor feature allows you to track the effectiveness of your trading activities.
This feature will provide a detailed analysis of trading activity over a certain period, including profit and loss figures, win and loss rates, and average trading duration. This feature can be a valuable tool as a trading journal reference to identify areas that need improvement in a trading strategy.
Here are some of the benefits of using the Trader Performance Monitor feature:
- Gain insight into your trading performance: By tracking profit and loss figures, win and loss rates, and average trade duration, this will become an important benchmark to measure the performance of a trading strategy. If you feel that the results are still far from expectations, then you can improve them based on the data presented.
- Identify trading patterns: The Trader Performance Monitor feature can help you identify profitable and unprofitable trading patterns. So, it will be much easier for you to detect profitable trading signals in the future.
- Provides a realistic target: By tracking trading performance over time, you can set realistic targets that are not burdensome to achieve.
- Improve discipline: The Trader Performance Monitor feature can help you improve your trading discipline by providing real-time feedback on your performance.
5. News and Market Commentary
As a trader, staying up-to-date on the latest news and market commentary is crucial for making informed trading decisions. By using this application, users can get real-time access to the latest news and market comments from a team of expert analysts from the Alpari broker for free.
Some important information that users will get includes:
- Real-time news feeds: The app provides real-time news feeds from major news organizations, such as Reuters and Bloomberg.
- Market analyst commentary: The app provides commentary from experienced market analysts, who provide insights into the latest market developments.
- Economic calendar: The app provides an economic calendar that shows upcoming economic events that could impact the markets.
So, Is the Alpari Mobile App Good for You?
Whether or not the Alpari Mobile App is good for you depends on your individual needs and trading preferences. The Alpari mobile app is a good option for traders who:
- Looking for a user-friendly and easy-to-use app.
- Need access to live quotes and charts.
- Place and manage orders directly from the app.
- Need access to technical analysis tools.
- Stay up-to-date on the latest news and market commentary.
- Requires a trading journal to find out trading performance
Overall, the Alpari mobile App is well-designed and easy to use giving traders access to all the features they need to trade forex and CFDs on the go. Its user-friendly interface, comprehensive features, and commitment to client satisfaction make it an attractive trading app option to try.
To get the most out of using this application, users are highly recommended to explore its features first with a demo account, to avoid unwanted problems.