Online trading provider posts monthly Forex trading volumes in excess of $ 60 Billion with client growth exceeding 500%
New 2008 office openings in Dubai and Shanghai to extend global presence
December 15, 2008: — London, UK — Alpari (UK), a leading global provider of online foreign exchange (FOREX, FX) trading services, announced today that it has achieved record growth in trading volumes and customer accounts in 2008, as the Alpari brand celebrates its 10th birthday since its founding in Russia in December, 1998. Monthly Forex trading volumes reached record levels in excess of $60 billion spurred on by a 543% increase in Alpari (UK) customer accounts which include individual traders, money managers and institutional clients worldwide.
In 2008 alone, Alpari opened new offices in Shanghai and Dubai further extending the global reach of the Alpari brand. Today, Alpari has become one of the world's fastest growing providers of online Forex trading services with 100,000 live accounts worldwide and 20 offices in six countries including the United Kingdom, United States, United Arab Emirates, China, Russia and Ukraine.
Commenting on Alpari's explosive growth, Andrey Vedikhin, Co-Founder of Alpari and Chief Executive Officer of Alpari (UK), said: "We are immensely proud of what Alpari has accomplished since we launched one of the first online Forex trading platforms ten years ago in Russia. Since that time, our primary mission has been to ensure that our clients have an informed and reliable online Forex trading experience through advanced, proprietary trading technology, comprehensive education and dedicated customer service. Our differentiation among the foreign exchange industry as a provider of institutional-level trading services to our retail customers has certainly helped fuel our growth."
Alpari (UK) annualised customer growth rate for 2008 through the end of November has averaged 543% for all regions. On an individual regional basis, Alpari (UK) customer growth rates break down as follows:
"With growth prospects for the equity and bond markets flagging, retail traders throughout the world have increasingly been turning to the Forex market," Vedikhin added. "In the United Arab Emirates alone, Alpari has already seen a 319% surge in its UAE client base this year, and the company expects to increase its live account growth rate in the Middle East up to 500% by the end of 2009. For Alpari (UK), which has already experienced a 543% growth rate in customer accounts in the first eleven months of 2008, we anticipate similar growth next year. We aim to capitalise on this favourable situation by providing clients with a comprehensive package of foreign exchange trading services," noted Vedikhin. Alpari (UK) has already set up a prime brokerage model combined with MetaTrader 4, one of world's most stable and reliable online Forex trading platforms, to deliver low cost trading and best execution to its clients.
As an FSA regulated financial services firm, Alpari (UK) takes pride in building and maintaining a strong reputation amongst its clients within the FX industry, and is committed more than ever to providing safety of funds to its customers. "Alpari (UK) customers are covered by the Financial Services Compensation Scheme (FSCS), which means our retail clients are eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet financial obligations. In addition, they are further protected with the first $ 5,000 of each client's funds being held in a segregated account".
"We are empowering Alpari clients with institutional-level trading tools and world-class customer support. These tools include explicit trader support and education material such as online tutorials or webinars with reputed partners: Learning Markets and Schneider Trading Associates. Alpari has also partnered with Trading Central to provide timely trading information, with daily, weekly and monthly FX reports, daily web TV reports, as well as real time trading signals. All of these services, as well as our online trading platform MetaTrader 4, will be available in a wide range of languages for our customers in Europe, Africa, the Middle East, Asia, as well as in Russian and English" commented Vedikhin.
In celebration of the company's 10th birthday, Alpari has launched a global online marketing campaign aimed at introducing the firm's services to new Forex customers and reinforcing the Alpari brand among existing clients.
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About Alpari
Alpari is one of the fastest growing providers of online foreign exchange (FOREX, FX) trading services, with 20 offices in 6 countries, including London, New York, Shanghai, Dubai, Moscow and Kiev.
The catalyst behind Alpari's success is its dedication to invest in institutional-level online trading proprietary technologies and world-class customer service. Individual traders, money managers and institutional clients benefit from one of the world's most reputed platforms, Meta Trader 4, and from comprehensive market analysis and educational tools to enhance their online trading experience.
With 300 employees worldwide, 100 000 live accounts and monthly FOREX trading volumes in excess of USD 60 Billion, Alpari has experienced an impressive growth in Live Accounts during 2008. Alpari was launched in Russia in 1998, where it is the current market leader. In the aim of expanding its global footprint, the shareholders decided to establish a company in the UK in 2004. Alpari (UK)'s London office is located in the heart of the City, where it is authorized and regulated by the Financial Services Authority (FSA) and is covered by the Financial Services Compensation Scheme; this means retail clients are eligible to make a claim from the FSCS in the event Alpari is unable to meet its financial obligations. Alpari (UK) customers are further protected, with the first $5,000 of each customer's funds being held in a segregated account.
Alpari (US) LLC was established in 2006 on Wall Street, where it is registered with the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA). Alpari Emirates is duly licensed by the Department of Economic Development, Dubai.
For further information, please contact:
Cyril Tabet, Head of Marketing
Alpari (UK) Ltd
Tel: +44 (0)20 7648 4560
Email: mediarelations@alpari.co.uk
Web site: www.alpari.co.uk
Nicole Jung
Hopscotch Europe In One
Tel:+44 (0)208 133 3140
Email: njung@hopscotch.eu
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