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Thread: Alpari UK is an ECN broker

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    Administrator funyoo's Avatar
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    Default Alpari UK is an ECN broker

    Alpari UK is now an ECN broker.

    Alpari (UK) announces the introduction of Straight-Through Processing to MetaTrader 4 with Non-Dealing Desk execution, best pricing from 10+ top-tier banks and competitive trading terms.
    Through MetaTrader 4 - now available on the Pro account - Alpari (UK) clients can capitalise on direct market access to at least 50 currency pairs with tight spreads from 0 pips and low-latency execution.
    With MetaTrader 4 on the Pro account, traders now have the opportunity to take full advantage of a broader market and execute high-volume trades at the most competitive terms.

    • Tight spreads from 0 pips
    • Non-Dealing Desk execution – no dealer intervention
    • Best pricing from 10+ top-tier banks
    • Low-latency Straight-Through Processing
    • MT4 EA-compatible including Scalping EAs
    • Hedging with only single-position margin requirement
    • FSA regulation and FSCS protection of funds*
    The problem now is that the new demo accounts have spreads from 0 pips whatever is the deposit amount and are no more relevant for traders that use micro and classic accounts...

    Same issue with backtesting. You have to use a real account otherwise you will have a backtesting with a very low spread that doesn't exist on these micro and classic accounts, but only on the pro accounts (20k$ min).

    Maybe they intend to make micro and classic ecn too (!?).

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    Quote Originally Posted by funyoo View Post
    Alpari UK is now an ECN broker.

    The problem now is that the new demo accounts have spreads from 0 pips whatever is the deposit amount and are no more relevant for traders that use micro and classic accounts...

    Same issue with backtesting. You have to use a real account otherwise you will have a backtesting with a very low spread that doesn't exist on these micro and classic accounts, but only on the pro accounts (20k$ min).

    Maybe they intend to make micro and classic ecn too (!?).
    yes, i think in 1-2 years, because the broker market will offer mini, micro, nano accounts more and more.

    personal i think 20k$ for an pro trader is not to much, if you'll have stable profits month by month, without wasting serveral small accounts in a year.

    calc: if you earn stable 10% profit monthly = 2k / month

    i think also in 1-2 years, the 1:500 leverage will be end, starting new eu regulations, then we have max 1:100, in 5 years we have 1:1 in ten years 2:1 and no more greenbacks as world currency, take a closer look at yuan...
    this all should help the world to survive next crisis, like creditcard, power,...

    my 2c

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    Junior Member 2+2=4ex's Avatar
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    I just started demo testing the Alpari UK MT4 on someone in heres recommendation. So far it's definitely better than my live account with a different broker, mainly with the lower average spread.

    I have also started using the strategy tester on their platform to see how the results differ from the other brokers. So far the results are slightly better, which again I think the tighter spreads are to blame.

    I do have a question however... when backtesting with an ecn, is the spread accurate at the times the ea executes a trade? Or is the backtesting set-up/manipulated to have a fixed (or lower) spread? I also wonder, when backtesting, if requotes are eliminated, therefore not simulating exactly what would of happened. Any thoughts?
    I approve this message!

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    Administrator funyoo's Avatar
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    Quote Originally Posted by ixbone View Post
    yes, i think in 1-2 years, because the broker market will offer mini, micro, nano accounts more and more.

    personal i think 20k$ for an pro trader is not to much, if you'll have stable profits month by month, without wasting serveral small accounts in a year.

    calc: if you earn stable 10% profit monthly = 2k / month

    i think also in 1-2 years, the 1:500 leverage will be end, starting new eu regulations, then we have max 1:100, in 5 years we have 1:1 in ten years 2:1 and no more greenbacks as world currency, take a closer look at yuan...
    this all should help the world to survive next crisis, like creditcard, power,...

    my 2c
    Hi ixbone,

    That's right, these new accounts are welcome. I just hope that they will propose fair demo accounts with correct spreads (depending on account type or deposit amounts) in the future.

    Quote Originally Posted by 2+2=4ex View Post
    I just started demo testing the Alpari UK MT4 on someone in heres recommendation. So far it's definitely better than my live account with a different broker, mainly with the lower average spread.

    I have also started using the strategy tester on their platform to see how the results differ from the other brokers. So far the results are slightly better, which again I think the tighter spreads are to blame.

    I do have a question however... when backtesting with an ecn, is the spread accurate at the times the ea executes a trade? Or is the backtesting set-up/manipulated to have a fixed (or lower) spread? I also wonder, when backtesting, if requotes are eliminated, therefore not simulating exactly what would of happened. Any thoughts?
    Hi 2+2=4ex,

    That's correct. That's why we can not get 100% of modeling quality, a spread and requote history would require several terabytes, the technology is not yet ready.

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    Hey, just take a look on this article:
    The MetaTrader 4 Backtesting Blues – Track 1

    It shows very well the difference that a spread variation can do to a scalp ea...

  6. #6

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    Guys, excuse my ignorance, what does it mean ECN broker? What does ECN stand for?

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    An ECN stands for Electronic Currency Network, which is the opposite to a DD (Dealing Desk) or MM (Market Maker) (DD and MM is the same). When you have a DD-MM broker, the broker takes the counterpart, meaning, if you win THEY LOOSE, and then if you are mostly on the winning side, you may have problems with the broker, such as requotes, off-quotes, too much slippage. Believe me it happened to me.

    In an ECN environment, the broker doesnīt care if you loose or win, they TAKE COMISSIONS on you, and thatīs how they make their money.

    So thatīs the BIG DIFFERENCE.

    Alpari Classic is a Dealing Desk, be careful guys! Only Alpari Pro is a real ECN environment.

    best,

    Pablo

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    Quote Originally Posted by inyonkfx View Post
    how much minimum deposit for mini account ?
    Hi inyonkfx,

    It is USD200.

    More informations : Forex trading accounts - Alpari (UK)

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    Hey guys, sorry to bump an older thread but I think it fits quite well.
    Do you know anything about the real spread at Alpari compared to other ECN broker?
    I've been trading at 4XP, switched to FXOpen (both with ECn accounts of course) and would like to know how expensive Alpari would be.
    Last edited by Ihgnatz; 09-30-2011 at 16:35.

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