Russia’s Alpari group trading volume grows to $88.5 bln in Feb 2016

Russia’s Alpari group trading volume grows to $88.5 bln in Feb 2016

- in All News, Forex Brokers
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Russian-based forex brokerage group Alpari said on Monday its trading volume increased 11% over the month to $88.5 billion in February 2016. A month earlier, the group’s trading volume stood at more than $80 billion, while in February last year it was $74 billion.

In February, the volumes from trading in EUR/USD, the most popular currency pair, remained at the same values as in January, while those from USD/JPY and GBP/USD went up by a monthly 74% and 47%, respectively.

Last month the broker expanded its offering with binary options with 30-second options, shares, oil, and stock indices. It also introduced in February trading on the MetaTrader 5 (MT5) trading platform and new accounts designed for the MT5.

Many other major forex brokers have reported monthly trading metrics for last month. The monthly trading volumes of the majority of them are significantly larger than that of Alpari. GMO Click Securities, part of Japanese brokerage GMO Click Holdings, was the forex broker with the world’s largest retail trading volume in February of JPY 144.3 trillion. In the US, FXCM and Gain Capital, the two largest forex brokers, had trading volumes of $309 billion and $276.3 billion, respectively.

Alpari offers trading in forex, metals, and contracts for difference (CFDs), and binary options, the last one of which it introduced in December last year. The broker supports the platforms MetaTrader 4 (MT4), MT5, and BinaryTrader.

Alpari is headquartered in Russia and has offices in Saint Vincent and the Grenadines, 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 used to operate 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.

The group companies are registered with and regulated by the relevant authorities in Belize and Saint Vincent and the Grenadines.The broker has also applied through Alpari Forex for a license in Russia.

Source: Alpari

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