With daily trading volumes now reaching billions of US Dollars, we are committed to improving our clients trading experience. Consequently, to handle the demands of increasing trade volume and to advance the quality of execution, we are happy to announce the introduction of two new account types - Micro and Classic.
The introduction of Micro and Classic Accounts, managed on two dedicated servers is aimed at improving trade execution whilst providing clients with the most suitable trading environment according to their trading style.
Our current Live Account holders will be fairly separated into Micro or Classic groups depending on their trading style, trade frequency and trade volume.
Our clients will be able to change their account type at any time until the split between Micro and Classic Accounts becomes effective on the 21st of March 2009, by referring to the Validate Your Account Type page.
The new account types will come into effect on Saturday 21 March 2009, and will supplement the free Demo Account as follows:
MICRO ACCOUNTS
Micro accounts are designed to accommodate traders who are new to the Forex market and service clients who are trading relatively small volumes. Demo Accounts will never be able to simulate the psychology behind risk and the fear of making a loss; this is where Micro accounts are effective because they help to introduce the Forex market to novice clients without exposing them to excessive risks, as trade size is limited.
CLASSIC ACCOUNTS
Classic accounts are designed to accommodate experienced retail traders as well as professional traders, as there is no maximum trade size, no maximum open position and a minimum trade size of 0.1 lot, while the trade size increment remains flexible at 0.01 lots.
All the usual benefits of trading with Alpari (UK) such as tight spreads, high leverage, safety of customer funds as well as 5% credit bonuses* on all new accounts and deposits remain identical for all account types.
| Type of Account | Micro | Classic |
| Spreads | from 1.8 pips | from 1.8 pips |
| Instruments | 29 currency pairs | 29 currency pairs |
| Fifth decimal | √ | √ |
| Max leverage | 1:500 | 1:500 |
| Floating leverage | √ | √ |
| Execution | Auto* | Auto* |
| Minimum deposit | $200 | $500 |
| Minimum trade size | 0.01 lot | 0.1 lot |
| Trade size increment | 0.01 lot | 0.01 lot |
| Maximum open position | 2 standard lots | no limit |
| Alpari Research Daily and weekly FX reports, real time trading signals |
√ | √ |
| Alpari Academy Video tutorials, webinars, articles |
√ | √ |
| Commission | No** | No** |
| Telephone trading | √ | √ |
| Account currency | USD, GBP, EUR, JPY, CHF | USD, GBP, EUR, JPY, CHF |
If you have any other questions feel free to send an email to support@alpari.co.uk or speak with our Client Services team on +44 (0)20 7648 4560.
We are fully committed to completing all the technical changes required by the end of Saturday 21st March 2009 to allow our clients to take advantage of the new server upgrades by market open at 23:00 on Sunday 22nd March 2009. We recommend you check that your trading platform has been setup with the latest settings (additional guidelines will provided next week by email) before the market opens on Sunday by launching your MetaTrader platform on Sunday and verifying that you are able to login correctly.
To ensure that all clients have no interruption to their trading experience we will have staff available from 10:00 on Sunday until 22:00 on Monday to assist everyone who may have a problem.
If you experience any difficulties please take a look at our FAQ or feel free to call our Client Services team on +44 (0)20 7648 4560.
* Currently Alpari (UK) execute approximately 99% of trades automatically with only a few deals being passed to our dealers for review or to be hedged to avoid unnecessary risk. We will be able to offer automatic execution to all clients regardless of volume traded by providing a Straight Through Processing (STP) service that routes large trades directly to our prime broker.
** Alpari (UK) does not charge commission or additional transaction fees. Transaction costs are incorporated into the bid/ask spread.
