Alpari’s trading turnover exceeds $1 tr in 2016

Alpari’s trading turnover exceeds $1 tr in 2016

- in All News, Featured News, Forex Brokers
Alpari turnover

Russia-oriented forex brokerage Alpari reported an annual trading turnover in key markets of more than $1 trillion in 2016. Turnover from EUR/USD, GBP/USD and USD/JPY, the three most popular instruments, remained relatively unchanged and accounted for 65.8% of the total.

Meanwhile, the turnover of some other currency pairs increase significantly last year. The most notable gains were seen on the GBP/JPY, EUR/CHF and EUR/GBP currency pairs, whose turnovers increased by 102%, 50% and 40% respectively.

Gold also saw a significant growth in popularity in 2016. Trading turnover in the XAU/USD instrument grew 63% from the preceding year.

In addition, PAMM Accounts and PAMM Portfolios were other investment instruments that generated a steady flow of customers last year.

The broker reports trading metrics on a monthly basis. Throughout 2016, its trading turnover averaged some $80 billion.

In 2016, Alpari Forex, part of the Alpari group, obtained forex broker license from the Central Bank of Russia (CBR), a long-awaited authorization which the broker was initially denied. It also received authorization and launched operations in Belarus, too.  Alpari is focused on Russia, where it is the largest retail forex broker in the country by trading volume and number of customer, and the Commonwealth of Independent States (CIS), or the former Soviet countries.

The Alpari group is headquartered in Russia and consists of companies regulated in Belize, Murititus, St. Vincent and the Grenadines, Belarus, and Russia. It offers trading in forex, metals, and contracts for difference (CFDs), and binary options.

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