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Old 11-06-2008, 11:54 AM
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Default Alpari-US.com Review

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Old 12-30-2008, 03:58 AM
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This broker seems to be OK but that damn 3-5 seconds new order delay can be frustrating!!! (I know its to discourage scalpers but....) - Also they seem to Requote 40% of the time!! (Of course if you delay my orders by 3-5 secs the price is gonna change!!) NOTE: Reset time after requotes can take 3-5 MINUTES!!! before the platform allows another order.

They seem honest though and I dont see any platform freezing or stop hunting so I'll stick with them until I find a better broker. But when you compare their feed to MT4 ECN brokers (like actbrokers.com) you'll get pissed at how much they slow the platform down.

I like the fixed spreads. They actually dont widen them to much or for too long. Some will like the slightly smoothed feed (I do) - scalpers and Martingale traders will want to look elsewhere.

Also Alpari-UK has stop levels that = the spread. The US site has stop levels that are DOUBLE the spread!! I asked why - they never emailed me back.

In Summary: An honest broker that has their platform slowed with molasses and Matrix like Bullet time!! It can be frustrating because of the frequent requotes, slowed order entry, ridiculous "Off Quotes" reset time and higher stop levels than the UK version BUT I'll prob stick around until the new wave on MT4 ECN brokers get up to speed. They guys don't seem to trade against you but they've got their scalper guard set waaaaay too high!!! If they would speed up the platform a bit and lower that requote ratio they really would be perfect.

I hope they get the memo and tweak the broker plug-in settings. (We all know MT4 is a platform that lets the broker completely control our trade success "slow the platform, slip the order, reject orders that start in profit, etc..") - I really wanna give em 3.5 stars - They're better than the average bucketshop but the plug-in settings make them less than good. - I'll continue to trade with them and report back in a few months.
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