Alpari’s trading turnover slightly up at $91.8 bn in Apr 2016

Alpari’s trading turnover slightly up at $91.8 bn in Apr 2016

- in All News, Forex Brokers
AlpariAlpari

Forex brokerage house Alpari , the largest retail forex broker by trading volume operating in Russia, said on Monday its trading turnover grew to $91.8 billion in April 2016, posting an increase of 4.2% from March when its turnover was slightly over $88 billion. In comparison, a year earlier, the broker’s trading volume stood at $91.4 billion.

The trading volume of the EUR/USD currency pair, the most traded one, stayed unchanged over the month, while the GBP/USD and the USD/JPY pairs posted a monthly growth of 22% and 48%, 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), MetaTrader 5 (MT5), and BinaryTrader.

The broker has been putting a stronger emphasis on binary options and has been consistently expanding its offering in the segment. Recently, Alpari started offering five-minute options for select currency pairs traded as range or call/put binaries, and also included a new function for call/put binary options, which allows traders to double the cost of existing options, thus earning more. It even included binary options traders in its loyalty cashback program.

Meanwhile, it has also been emphasizing on the MT5 – after in March it started offering the mobile versions of the platform for iOS and Android, the broker has also switched to the newest MT5 version which has hedging support and an option to open locked positions when using ecn.mt5 accounts.

Alpari is the largest retail forex broker in Russia, but if compared to the world’s largest it does not make it to the top five. GMO Click Securities, the world leader, posted a trading volume of JPY 103.3 trillion, or about $945.3 billion, or more than ten time that of Alpari. US’s top two brokers, Forex Capital Markets, or FXCM, and Gain Capital  had April trading volumes of $287 billion and $255.8 billion, respectively.

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

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

Russian nuclear scientists, bankers covertly mine cryptocurrencies

Russian nuclear engineers have been arrested for trying