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Alpari reports 780,000 Registered Accounts and $110 Billion Trading Volumes

Feb 18 2013

While most of the bigger forex brokers such as FXCM and, as well as all U.S. registered companies provide data about their operational metrics on a regular basis, others prefer to keep these details behind closed curtains – Alpari being one of them (here I am excluding Alpari US, the broker's American subsidiary that complies with CFTC's requirement to supply data). 

This month, however, Alpari has chosen to share some of its metrics – probably because it has a reason to brag (how convenient, isn't it?). According to the company's website, in January 2012 its customers from Russia and the Commonwealth of Independent States (CIS) have traded a total of $110 billion through 780,000 accounts. During 2012 altogether, the volume traded by this customer base supposedly exceeded $1 trillion. 
Wow. These numbers leave me speechless – partly because I am still trying to count the zeros in a trillion in my mind, and partly because I find it a bit hard to grasp them as plausible. 
January 2013 was a good month for trading, there's no doubt about it. FXCM, for example, registered retail volume of $363 billion and almost broke its record; these, however, are the broker's worldwide volumes – and given that FXCM is significantly bigger than Alpari, the latter's $110 billion for CIS only seem a bit exaggerated. 
The number of accounts is also a bit unbelievable – 780,000? Another Russian broker that announces data, EXNESS, has reported similar trading volumes – $117.4 billion – however it claims it had 80,127 active accounts in 2012, and 14,310 new customers in January 2013. Is it possible that an approximate number of 95,000 accounts can achieve the same trading volume like 780,000 accounts? Possible – yes; likely – not really. 
Of course, the question remains how many of these accounts are active and tradable – I suspect that the numbers reported both by Alpari and EXNESS contain demo and inactive live accounts, as well as active live traders, so we can't really draw any conclusive statistics here. 
But back to volumes. The $110 billion trading volume is a record number for Alpari, and the broker points out a few reasons for it: its marketing strategy, new technological solutions, and the favorable market situation. 
I completely agree with the market situation argument. I also agree that the broker did, indeed, pour outrageous amounts of money into sponsoring sailing events, football teams, etc. I agree that in 2012 Alpari launched live MT5 accounts and teamed up with Integral Development Corp. over a liquidity provision deal. It is absolutely possible that all this effort helped Alpari get 780,000 registered trading accounts, which traded $110 billion in January. It is also possible that it didn't. I'll let you decide for yourself. 

About Alpari

Founded in 1998, the international Alpari brand is one of the leading names in online Forex trading and was recently listed as the world's third largest broker in a 2012 report from online financial portal Forex Magnates, with an average monthly trading volume of more than 200 billion US dollars. Alpari has earned the trust of hundreds of thousands of clients in more than 150 countries across the world, thanks in large part to its reputation for delivering high-quality products and top-notch customer support. The Alpari brand is represented in many of the world's leading centers of commerce, with offices in New York, London, Tokyo, Dubai, Frankfurt and Moscow.


TAGS: Alpari  Russia  CIS  forex trading  forex broker  trading volume  retail forex  forex account 

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