We are immensely proud of what Alpari has accomplished since we launched one of the first online Forex trading platforms ten years ago. Since that time, our primary mission has been to ensure that our clients have an informed and responsible online Forex trading experience through our trading technology and dedicated customer service.
New York, NY (PRWEB) January 28, 2009
Alpari Group ("Alpari"), a global provider of online Forex trading, announced today that it has achieved record growth in trading volumes and customer accounts in 2008. As Alpari celebrated its 10th birthday since its founding in Russia in December, 1998, daily trading volumes for Alpari reached a record level of $2.6 billion spurred on by a substantial increase in Alpari customer accounts, including individual traders and money managers worldwide.
Commenting on Alpari's growth, Andrey Vedikhin, Co-Founder of the Alpari Group, said: "We are immensely proud of what Alpari has accomplished since we launched one of the first online Forex trading platforms ten years ago. Since that time, our primary mission has been to ensure that our clients have an informed and responsible online Forex trading experience through our trading technology and dedicated customer service."
According to the Bank for International Settlements, the average daily turnover in global foreign exchange markets is estimated to be $3.98 trillion. Retail Forex, or the "off-exchange market" segment, is estimated to be 2% of the total Forex market or $50-$60 billion in daily trading volume.
"We are particularly pleased with the rapid growth in customer accounts we have experienced at Alpari (US) since launching our US operation in March, 2008. The Forex market in the Americas is expanding rapidly, and in 2008, Alpari (US) launched a successful Latin America division. By the end of 2009, Alpari (US) plans to open offices in both Canada and South America," added Vedikhin. "We are also in compliance with the new NFA capital requirements which required Forex Dealer Members (FDMs) like Alpari (US) to have a minimum capital level of $15 million by January 17, 2009. The minimum capital requirement will rise to $20 million for FDMs on May 16, 2009 at which time Alpari (US) expects to exceed the new capital level."
In 2008, the Alpari Group further extended its operations in the Middle East and Asia with the opening of new offices in Dubai and Shanghai. Today, Alpari has become a fast growing provider of online Forex trading with approximately 100,000 live accounts worldwide and 20 offices in 6 countries including United Kingdom, United States, United Arab Emirates, China, Russia, and Ukraine. Alpari (US) accumulated more than 1,600 new accounts since accepting its first live customer 10 months ago. On an individual regional basis by comparison to 2007, Alpari Russia achieved an annual customer growth rate of 123% while Alpari (UK) (including Alpari Emirates and Alpari China) achieved an annual growth rate of 897%.
"With growth prospects for the equity and bond markets flagging, retail traders throughout the world appear to be increasingly turning to the off-exchange Forex market," Vedikhin noted. "Alpari aims to capitalize on this favorable situation by providing clients with a variety of off-exchange foreign currency trading services. We are in the process of setting-up a prime brokerage model for Alpari (US) which will enable the delivery of relatively low trading costs, and more efficient execution to our global clients through MetaTrader 4, one of the most stable and reliable Forex trading platforms."
"We will empower Alpari clients with a suite of trading tools and professional customer support. These tools include explicit trader support and education such as online tutorials or webinars with noted partners like Learning Markets and Schneider Trading Associates. Alpari (US) just announced collaboration with the highly respected investment research provider, 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 local languages for our customers in the Middle East and China as well as in Russian and English," commented Vedikhin.
In celebration of its 10th birthday, the Alpari Group recently launched a global, online marketing campaign aimed at introducing the firm's services to new Forex retail traders and reinforcing the Alpari brand among existing clients.
The Alpari Group is a fast growing provider of online Forex trading, with 20 offices in 6 countries, including United Kingdom, United States, United Arab Emirates, China, Russia and Ukraine. With 300 employees worldwide, approximately 100,000 live accounts and monthly Forex trading volumes in excess of $60 billion, the Alpari Group experienced an impressive growth in Live Accounts during 2008.
Alpari was launched in Russia in 1998, where it is one of the current market leaders. With the aim of expanding its global footprint, Alpari shareholders established several companies in major world financial centers.
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").
Alpari (UK) was established in 2004. The company is based in the heart of the City of London, where it is authorized and regulated by the Financial Services Authority ("FSA") and is covered by the Financial Services Compensation Scheme ("FSCS"); this means retail clients are eligible to make a claim from the FSCS in the event Alpari (UK) is unable to meet its financial obligations. Alpari (UK) customers are further protected, with the first $5,000 of each customer's funds held in a segregated account.
Alpari China, in Shanghai, and Alpari Emirates, in Dubai, were established in 2008. Alpari Emirates is duly licensed by the Department of Economic Development, Dubai.
Please note that trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. For more information about the Forex industry and the regulatory protections offered to those who trade within it, please visit the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) websites at http://www.cftc.gov and http://www.nfa.futures.org.
For further information, please contact:
Jaclyn Cole, Marketing Coordinator Rick Anderson/Bridget Maher
Alpari (US) Ltd. Torrenzano Group
(646) 825-5760 ext. 554 (212) 681-1700
jaclyn.cole @ alpari-us.com randerson @ torrenzano.com
Web site: http://www.alpari-us.com