These days, the Russian FX industry cannot be called a source of only positive news. That is why the news about Alpari’s success does stand out from the crowd of endless scandals. The thing is, Alpari has become the biggest FX broker in Russia and the entire CIS for the 5th time in a row.
For those of you who don’t know, Alpari is a true heavyweight in the contemporary FX industry with over 17 years of expertise. It has been dominating the Russian market for over 5 years while showing constant growth in terms of active clients and turnover. This testifies to the fact that Alpari has been constantly improving the quality of its products and services and gaining more and more of loyal customers worldwide.
Alpari as Quality Mark of Russian Forex
Not so long ago, a leading Russian info agency called Interfax, published the results of the big-scale unbiased annual research of the Russian FX industry as well as the rating of Russian Forex brokers. According to the research, Alpari became Russia’s biggest FX broker once again, for the 5th time in a row. On top of that, Alpari won in two nominations at a time – the amount of active clients and the trade volume generated by them. It’s also important to note that Alpari outpaced the rivals by a wide margin.
To be more specific, the research shows that some 460 000 Russians trade Forex. In 2015, the overall turnover made by all FX brokers in Russia amounted to a stunning 330 billion dollars. At the same time, the total amount of money deposited into live accounts in order to trade currencies reached some 500 million dollars, with the average deposit per trader equal to $1000.
Experts also say that in comparison with 2014, the total amount of FX transactions made by Russian retail traders shrank by 6% in 2015 because of the economic crisis in the country. However, Alpari’s customer base increased by as much as 15% in 2015, which is a fact testifying to higher interest in Alpari’s products and services. At the same time, the amount of Alpari’s Russian-speaking traders reached 137 000 people, with over 90 billion dollars of trade volume generated over the year. With that beings said, Alpari traders generated 27.1% of the total trade volume in the Russian FX industry.
This is what Alpari CEO Boris Shilov says on the matter:
The year of 2015 wasn’t an easy one for the company and the entire FX industry. That’s why the outstanding results achieved by Alpari as well as the company’s long-lasting leadership in the industry are of especially great value to all of us. If the economic situation in Russia improves and the Russian Ruble gets stronger, we predict higher trading activity by Alpari traders and investors in the Russian market. This also concerns the growth of our customer base. If that’s the case, we expect the trade volume to boost by 10% to 15% in 2016.
By the way, according to Interfax, Alpari keeps on both setting new records in the industry and breaking them, especially when it comes to active clients and turnover. It is interesting to note that in 2014, Alpari set a unique record for the entire FX market in Russia and the CIS. For the first time in history, Alpari’s trade volume exceeded $1200 billion while the amount of active clients exceeded 1 000 000 traders. At this point, this is coming close to 2 000 000 traders.
At the same time, experts say that the independent research within the scope of the Russian FX industry keeps on contributing to increasing the degree of transparency and quality of services provided in it. Alpari is the pioneer and the leader in transparency. The thing is, the company makes public its trade and operating stats on a monthly basis. Not so long ago, Alpari made another unprecedented step to take transparency in the FX industry to the next level. The thing is, Alpari conducted a comprehensive audit of its PAMM service. Indeed, this is the very PAMM service that is considered to be №1 investment solution in the FX industry and has been heavily discussed since day one. Many of the respected FX experts consider Alpari’s PAMM accounts to be an irreplaceable industry standard.
We remind you that it was Alpari who came up with PAMM in the form that many other FX broker are offering these days. That’s why there is nothing to be surprised about the fact that Alpari urges other brokers to be as much transparent as they can in terms of their businesses in general and their PAMM services in particular.
It is especially important to pay closer attention to the mentioned facts since while Alpari was having its PAMM service audited by Baker Tilly Russaudit, some other brokers operating in the Russian market started quitting it because of multiple cases of abuse and violations related to their PAMM services. For more details of the audit, please go to Alpari’s official website - http://alpari.com/
Why is Alpari popular with Russian traders?
Analysts say that there is nothing fancy in Alpari being recognized the Russian FX industry’s leader for the 5th time in a row, given the quality of the products and services provided by Alpari to retail customers. At the same time, the broker keeps on expanding its product line while improving the existing products and services and introducing more of those innovative solutions. All of that eventually translates into a bigger customer base as well as bigger trading volume.
Here is the list of Alpari’s recent actions, changes and improvements:
- offering best trading conditions for binary options
- introducing MT5 trading software
- offering investments in gold coins through Alpari Gold
- introducing a new mobile app named Alpari Invest
- improving the PAMM service
- introducing PAMM portfolios
- improving the investment service called International ETFs
- improving the investment service called Structured Products
- renewing the ECN series of live accounts
- improving trading conditions (tighter spreads, more flexible leverage, Alpari Cashback and so much more)
At the same time, Alpari has been involved in charity for over 10 years. The company created Alpari Charitable Fund for that purpose. To be more specific, Alpari has been involved in :
- helping families of handicapped children with the costs of medical treatment and rehabilitation
- working with social programs and organizations that provide support to orphaned children
- providing recreational and educational opportunities for children
For more information, please go to http://alpari.com/en/company/charity/
At the same time, Alpari has been promoting healthy lifestyle, sports, culture etc. It has been a proud sponsor of Zenit and Spartak, some of Russia’s most popular soccer teams, as well as West Ham United playing in Barclay’s Premier League, as well as New York Knicks and New Jersey Nets (NBA), New York Rangers (NHL), the Russian national biathlon team and so much more.
The bottom line is that Alpari has been the leader in the Russian market in multiple aspects and for multiple reasons. Yet the company truly deserves this status, especially when it comes to transparent and reliable FX trading and investment.
