AlpariDo not invest more money than you can afford to lose.
Russian forex brokerage group Alpari saw its trading volume flattish over the month at $88.1 billion in March, the broker said on Friday. A month earlier, its trading volume amounted to $88.5 billion.
The broker said the largest monthly increase of 7% in the trading volumes of a single currency pair was posted by the EUR/USD, which was also the most popular forex pair.
For seventh consecutive year, Alpari was put on top of the latest annual study of Interfax-Center for Economic Analysis (Interfax-CEA) for forex brokers in Russia with the largest average monthly trading volume for 2015. According to the study, Alpari’s monthly volume from operations in Russia averaged $90 billion in 2015, which is solid stronger than that of Forex Club, which was ranked second with an average monthly volume of $54 billion.
Meanwhile, if compared to the rest of the forex brokers which have posted monthly trading metrics for March, Alpari does not make it to top 5. GMO Click Securities, part of Japanese brokerage group GMO Click, was the top performer in March (despite posting a 24.5% monthly fall) with a trading volume from global operations of JPY 108.85 trillion, which is close to $1 trillion. US brokers Forex Capital Markets, or FXCM, and Gain Capital were in the top three with March trading volumes of $291 billion and $266.7 billion, respectively.
The broker has been trying to appear more attractive to traders. It recently announced it had distributed more than $2.36 million to clients worldwide through its cashback loyalty program since its launch less than 500 days ago. A couple of days later, it expanded its loyalty program, allowing binary options traders to join the program and earn points, which they can later exchange for cash or use them to buy discount packages and get refunds.
It has also expanded its offering with Russian rubles (RUB)-denominated gold (XAU/RUB) and silver (XAG/RUB), as well as gold coins for investment purposes. In addition, it made available the MetaTrader 5 (MT5) trading platform as a mobile application.
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
