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Take an in-depth look into the Alpari CopyTrade service below. If you wish to read more reviews on copy and social trading services, follow this link
Alpari CopyTrade is the copy trading service offered by Alpari International. If your trading experience is insufficient or you don’t have time to trade yourself, you can register as an Investor. Relevantly, those who have more confidence in their trading abilities can choose the Strategy Manager option.
This Alpari review aims to break down the platform’s main features and tools in the registration process and establish the overall customer experience.
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Alpari CopyTrade Overview
Alpari CopyTrade is the latest service offered by Alpari International. Established in 1998, Alpari International is a forex broker specialising in forex trading, CFDs, stocks, commodities and spot metals. Traders can build strategies in ten major US stocks, more than 60 Forex pairs, commodities and eleven global equities.
Alpari is a brand that suffered significant reputation damages in the last several years but hoping for better times under the new ownership. Today, we will focus on their copy trading service offered through the platform Alpari.
Alpari CopyTrade Tools and Features Review
As an additional service to what the broker is offering, Alpari CopyTrade resembles the basic of copy trading without impressing with ground-breaking ideas. There are two ways of joining the service – as an Investor and as a Strategy Manager.
The first option is suitable for traders with limited experience who wish to benefit from advanced traders’ knowledge. Currently, they can choose from nearly 2,000 listed Strategy Managers. Once selecting the ones they wish to follow and copy, they can add them to their accounts, and the system automatically will start to copy the strategies.
Alpari is very basic and far from a copy trading environment developed by other brokers. The service doesn’t provide any social aspect but is more like a retail portfolio management system. Investors monitor and select the Strategy Managers they wish to copy.
The Strategy Managers included can be displayed according to different filters: by ranking, by return, by max drawdown, by risk level, by days open and by profit share. By clicking on the name, the Investor can review the profile of the Strategy Manager. However, the displayed detail profile doesn’t add much more information about the trader.
Sophisticated traders can join Alpari CopyTrade as Strategy Managers and benefit from the positive performance of their trades on the financial markets by earning a commission each time an Alpari Investor copies their successful trade. This commission can be between 10% and 40%.
As an in-house service, Alpari CopyTrade offers Alpari broker accounts for both Investors and Strategy Managers. The minimum deposit is 100 USD (or other currency equivalence).
Alpari Register Process Review
Regardless of the way you sign in with Alpari – as an Investor or as Strategy Manager – the process is similar and starts with identity verification. Once your profile is created, you step in and open your account with Alpari Broker. Through the account, you manage your investments, including making withdrawals and deposits.
Our review showed that some withdrawals fees apply according to the selected payment method. The complete list of the funding and withdrawals methods is available on Alpari’s website.
Alpari CopyTrade Customer Experience Review
Alpari is suitable for novice and advance traders. However, the basic features and tools, together with the lack of social aspect of the service, put Auto CopyTrade far from the more developed and established social and copy trading platforms.
Advantages and Disadvantages of Alpari CopyTrade
Advantages:
► Availability to register both as an Investor or a Strategy Manager
► High-performance fee of 40% for Strategy Managers
► Automated copies of the selected strategies
Disadvantages:
► Basic tools and features
► Limited Strategy Manager’s profile
To compare cutting edge copy trading providers with an easy-to-use interface, fill in your details in our enquiry form, and we will get back at you with up to 4 FREE quotes for you to assess and review
