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Saturday, 24 February 17:41 (GMT -05:00)



Foreign exchange market

World Blitz Chess Champion Becomes Alpari Forex’s First Client


For those of you who don’t know, Russia has finally started regulating financial markets, including over-the-counter markets, and Forex in particular. This means that the legislation regulating Forex brokers in Russia has now taken effect. The Russian central bank acts as the watchdog regulating those companies that offer FX trading services to retail and corporate clients in Russia.

 

For now, very few companies has complied with the new reality. Alpari is actually one of the first companies working in the new environment regulated by the central bank. In case you don’t know, Alpari is a major international FX broker with nearly 20 years of expertise. Alpari’s client base is over 1 million traders and investors from all over the world. That said, the international broker now has a license issued by the Central Bank of the Russian Federation.

 

Since June 1st, 2017, it has been operating under the brand of Alpari Forex. It’s also interesting to note that 2016 World Blitz Chess Champion Sergey Karjakin has become the first client of the renewed broker. He signed an agreement and opened a live account.

 

New Era for Alpari Financial Brand

 

 

That said, Alpari has opened a new page in its history. Alpari has always been committed to backing and advocating transparency, honesty, safety, and effectiveness in financial markets, with a glance at the client as the core value. The honest and reliable broker has now entered a new era of regulated financial markets in the Russian jurisdiction.

 

Alpari representatives say that this step matches the company’s key tasks and goals as a client-oriented business. This holds true for all the companies under the Alpari brand, including Alpari Forex. That is why the blitz chess champion decided to support Alpari Forex and the brand-new regulated FX environment in Russia from day one.

 

It should also be noted that from many years the sportsman and Alpari have been tied by partnership based on trust and aspiration to be the best at what they do. From this perspective, his decision to become Alpari Forex’s first client looks quite natural.

 

 

 

This is what the Grand Master said:

 

Together with Alpari, we’ve come a long and hard way in terms of developing my personal career and reviving chess as a popular sport in Russia. Now that the Russian segment of financial markets is actually starting a new life, I feel like being a part of this event and taking advantage of financial markets with the help of Alpari Forex, a reliable and technologically-perfect FX broker.

We remind you that back in 2014, Russian President Vladimir Putting signed a decree to start regulating the Forex market in the Russian Federation. According to the new legislation, since 2016, all the FX dealers and brokers have been required to get licenses, to join a self-regulating organization, and to make public all the stats related to their financial transactions.

 

 

As for Alpari Forex, they get their license on November 28, 2016. On March 14, 2017, they joined the Association of Forex Dealers. On May 23, 2017, the company registered a framework contract.

 

Alpari has always advocated transparent markets everywhere. That’s why they were among those who initiated and promoted the idea of regulating the Russian Forex environment. Now, Alpari Forex is open for everyone to enjoy the benefits of a regulated and much safer trading environment. For the most part, the Russian jurisdiction will be interesting for those who seek financial security and legal safety. They hope that the Russian jurisdiction will become even more secure and competitive as compared to all of those respected jurisdictions out there, owner of the international Alpari brand Andrey Pashin says.

 

As a part of the Association of Forex Dealers, Alpari Forex keeps on cooperating with the Central Bank of the Russian Federation when it comes to working out the terms and standards for the industry. On May 2, the central bank already approved the basic standard of operations in financial markets. 3 more standards are about to be discussed and approved.

 

Alpari was founded in 1998 and has been one of the leading international Forex brands in the world. The company renders services to more than a million clients from 150 countries of the world. In 2016 alone, the company’s overall turnover exceeded 1 trillion dollars. In October 2015, Alpari registered Alpari Forex in order to comply with the Russian legislation. Alpari Forex’s personal capital is over 100 million rubles. Permanent license №045-14003-020000 was issued by the Central Bank of the Russian Federation on November 28, 2016.

 

Sergey Karjakin is the 2016 World Blitz Chess Champion. He set a World Guinness Record as the youngest grand master in the history of chess (he became a grand master at the age of 12 years and 211 days).

 

International financial brand Alpari became the first and key sponsor for Sergey in 2012. Since then, the sportsman has made stunning progress and reached impressive results by winning a lot of championships and entering the world’s TOP 10 chess players.

 

 

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