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Alpari halts trading in precious metals, TRY pairs

Jun 28 2017
By
Jonathan Smith

Alpari, an international forex broker, said it is setting to “close only” trading on the following instruments: XAGAUD, XAGCHF, XAGEUR, XAGGBP, XAUAUD, XAUCHF, XAUEUR, XAUGBP, XPDUSD, XPTUSD, EURTRY, GBPTRY, TRYJPY and USDTRY.

 
According to the announcement, the measure is temporary and affects ecn.mt4, pro.ecn.mt4 and ecn.mt5 accounts. It was applied on June 27.
 
The broker says it will notify its clients when the restriction is lifted.
 
In other news, earlier this week Alpari, which is mostly active in Russia, said it has moved its Russian-language site from the local domain.ru to its international domain.com/ru. The reason for the move was not made clear, but some media guess that it may have something to do with the recent closure of teletrade.ru – the Russian website of another major Russian broker TeleTrade. The site was shut down by the country's c-bank over suspicions of phishing.
 
Alpari is headquartered in Russia and has offices in Belarus, Saint Vincent and the Grenadines, Belize, Mauritius, and the UAE. The group consists of Alpari-Broker (Russia), Alpari Ltd. (Saint Vincent and the Grenadines), Alpari International Ltd. (Mauritius), Alpari Ltd. (Belize), Alpari Eurasia (Belarus) and Alpari Forex (Russia). Alpari used to operate a UK-regulated unit, which went insolvent in January 2015 after it faced exceptional volatility and extreme lack of liquidity as a result of the Swiss Franc spike. 
TAGS: Alpari 

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