The Russia-based financial services company and forex broker Alpari, announced it is launching a new company – Alpari Gold. It will be selling gold coins for investment purposes. The broker notes the coins are at prices close to the exchange prices of gold and are not subject to VAT in Russia. It offers Australian, US, Canadian, Russian, Chinese and South African gold coins, which can be ordered on the company website and picked up at the Moscow office of Alpari.
The gold coins are the latest expansion of the investment instruments, offered by Alpari. The major forex broker, operating in Russia, has recently announced several additions to its portfolio. In February it introduced 30-second binary options trading for EUR/USD, GBP/USD and USD/JPY – the most popular currency pairs. The possible profit on those fast binary options is up to 65%.
Earlier in the same month Alpari announced the expansion of the binary options offering with shares, oil, and stock indices. The broker’s clients can now trade in binary options on the shares of leading international companies, including Apple, Google and Facebook, as well as on the indices S&P, Nikkei 225 and FTSE 100.
Alpari also introduced two new types of trading accounts on its MetaTrader 5 (MT5) platform – Electronic Communication Network (ECN) and percentage allocation money management (PAMM) accounts for trading in forex and spot metals trading via the MT5 trading platform.
Alpari, set up in 1998, is the leading forex broker in Russia, even though it still does not have a license from the regulator Bank of Russia, as required by law that came into effect on January 1. While its license application is pending, it operates through subsidiaries, regulated in other countries.
It has offices in Russia, Saint Vincent and the Grenadines, Mauritius, and the UAE. The group companies are registered with and regulated by the relevant regulatory bodies in Belize and Saint Vincent and the Grenadines.The group had a UK-regulated branch, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.