It appears that the global forex broker Alpari is on a roll when it comes to upgrading the trading conditions for its ECN accounts – both pro and regular.
In a new statement regarding ECN accounts, the broker said it is hiking the leverage on all, except the nano.mt4 account. For pro.ecn.mt4 and pamm.pro.ecn.mt4 accounts the maximum leverage will be increased to 1:1000
For standard.mt5, pamm.standard.mt5, ecn.mt5 and pamm.ecn.mt5 accounts, the default leverage upon opening an account will be set to 1:500, with an option to increase it to 1:1000. It will be available in the myAplari client area.
There are some conditions, however. According to the table with the new requirements, the 1:1000 will be available for major forex pairs and notional value of 0–5,000,000 (EUR/USD/Gold) and for minor forex pairs and notional value of 0–3,500,000 (EUR/USD/Gold). For trading in exotic pairs the maximum leverage is 1:500.
The new conditions are available from May 29.
Last week Alpari announced a major update to its ECN architecture, including an upgrade of the server infrastructure and additional liquidity providers, as well as faster execution speed, lower spreads and expanded portfolio.
Alpari has offices in Russia, Belize, Saint Vincent and the Grenadines, two offices in Mauritius, and the UAE. The group consists of Alpari-Broker (Russia), Alpari Ltd. (Saint Vincent and the Grenadines), Alpari International Ltd. (Mauritius), Alpari Ltd. (Belize), and Alpari Forex (Russia).
Alpari offers trading in a large number of assets, including forex, CFDs, spot metals, binary options and investment gold. The maximum leverage is 1:1000 and trading can be done on MetaTrader 4 and 5 platforms.