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Alpari RU to discontinue MT5 trading platform as of March 1

Alpari, one of the largest forex broker in CIS and Russia, yesterday announced that demo accounts on the MetaTrader 5 terminal, currently available for clients to practice on, will no longer be supported from 1st March, 2015. From that date on Alpari clients will be unable to use this version of the platform for trading via PC or mobile device. All demo-accounts which have been opened in МТ5 will be closed.

 

Alpari was one of the first forex brokers to launch MT5 platform back in 2010, but it never gained popularity among traders and did not become available for live trading. 

 

As a result of the SNB decision to abandon the cap on Swiss Franc in the middle of January  Alpari UK suffered significant financial losses and filed for insolvency, forcing the Apari Group's management  to focus on CIS, Russian an Asian markets.

 

According to  the extensive annual study Interfax – Center of Economic Analysis (Interfax-CEA) published earlier this month, Alpari has for the fourth year running kept its position as market leader in Russia. The results of the research indicate that the company’s 2014 monthly average trade volume in Russia exceeded $107 billion (USD), whilst its number of active clients stands at 120,000. As such, Alpari’s market share of the total average monthly turnover for the Russian Forex market is 30.5%, supplying its services to more than 28.3% of active clients in the country. By measure of these indicators, Alpari is a large way ahead of its competitors the market.

 

At the end of 2014, a law was passed to regulate the over the counter Forex market. This should have a positive impact on the Russian financial industry as a whole by raising the standards towards those of the best international practices.

 

TAGS: alpari  alpari ru  mt5  metatrader  metatrader 5  trading platform 

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