Live accounts already doubled in 2009
LONDON, October 27, 2009 – Alpari (UK), one of the world’s fastest growing providers of online foreign exchange (FOREX) continues its rapid global expansion, supported by a combined client growth of nearly 100 percent (98.56 %) at the company’s offices in London, Mumbai and Shanghai since the start of 2009. This exceeds ambitious internal plans, which assumed the doubling of client accounts only by the end of the year.
"We are very pleased to overachieve our targets this early in the year”, says Andrey Vedikhin, Alpari (UK) CEO. “We are more than ever committed to delivering cutting edge technology and competitive pricing to both retail and institutional traders. Earlier this year, on the retail side, we have reduced minimum spread, on average, by 25 percent and by up to 60 percent for some currency pairs. We are also making headway into the institutional market by launching Alpari Direct Pro, our Currenex® powered trading platform for institutional traders."
About the Alpari Group of Companies
The Alpari Group of companies is one of the world’s fastest growing providers of online foreign exchange (FOREX, FX) trading services, with 27 offices in 8 countries, including London, New York, Dubai, Shanghai, Moscow, Mumbai and Kiev, which serve more than 150 countries. With over 300 employees worldwide, more than 160 000 live accounts and monthly Forex-trading volumes in excess of USD 142 billion*, the group experienced tremendous growth during 2008: Alpari (UK)’s live accounts alone grew by 897 percent.
The catalyst for the Alpari Group’s success is its dedication to investment in professional online trading technologies and delivery of world-class customer service. Individual traders, money managers and institutional clients worldwide benefit from access to one of the most reputable platforms, MetaTrader 4, and from comprehensive market analysis as well as educational tools to enhance their online trading experience.
The Alpari Group was launched in Russia in 1998, where it is one of the current market leaders. With the aim of expanding its global footprint, the Alpari Group’s shareholders established several companies in major world financial centres.
Alpari (UK) was established in 2004. The company is based in the heart of the City of London, where it is authorised and regulated by the Financial Services Authority (FSA) and its clients are protected by the Financial Services Compensation Scheme (FSCS); this means retail clients may be eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet its financial obligations, depending on their status and the nature of their claim. Customer funds not being used for margin purposes are fully segregated in a client account which is kept safely, separate from Alpari (UK)'s company funds.
Alpari (US) was established in 2006. The company is based on Wall Street, in the financial district of New York City, where it is registered by the Commodity Futures Trading Commission (CFTC) as a Futures Commission Merchant (FCM) and is a member of the National Futures Association (NFA), Member ID: 0379679. With the growing success of Forex business, Alpari (US) has now expanded its product base to offer U.S. exchange-traded futures and options to domestic and international investors, speculators, and institutions.
Alpari (UK)’s Chinese Representative Office, in Shanghai, and Alpari Emirates, in Dubai, were established in 2008. Alpari Emirates is duly licensed by the Department of Economic Development, Dubai.
*As of July 2009
Please note that trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors.
For further information, please contact:
| Stefan Lucas, Marketing Executive Alpari (UK) Ltd Tel: +44 (0)20 7426 2800 Email: mediarelations@alpari.co.uk Web site: www.alpari.co.uk |
Sebastian Boppert Hopscotch Europe In One Tel: +44 (0)208 133 3140 Email: sboppert@hopscotch.eu |
Trading contest live at the London Investor Show FOREX 24 February 2012
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