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Alpari Sees One More FX Volumes Record in August

The Alpari group of companies marked another record in terms of FX trading volumes in August, the sixth such achievement in a row.

According to a report by the Forex Magnates, the amount of overall Forex volumes at all of the companies operating under the Alpari brand topped $280 billion last month. The result bate the previous record of $270 billion seen in July and marked a month-on-month increase of about 4%. This is a fact that is worth noting as the pattern of results demonstrated by other FX brokers for August was gloomier.
 
For example, Monex Group, the Japanese financial conglomerate, announced a 7.5% month-on-month dip in its FX volumes. Moreover, the size of the FX volumes at the Japanese group was way humbler than at Alpari – they stood at $50.8 billion in August 2013. However, Alpari's result was more modest than the total FX volumes of U.S. leading broker FXCM - $210 billion of institutional and $307 billion of retail volumes. And the US broker also demonstrated a significant month-on-month rise in trading volumes – so it seems that Alpari has whom to look up to.
 
The success of Alpari is obviously underpinned by the activity of the group – it has been cutting spreads and adding new methods of deposits and withdrawals to attract clients. And, less than 10 days ago, the company took the FX world by surprise by announcing a raft of innovations. These included a new platform that will allow the clients of all of the companies within the group to trade binary options. Also, a new nano.mt4 account was introduced, and let's not forget about the addition of new contracts for difference (CFDs) to the line-up of trading instruments.
 
What is also interesting is the fact that Alpari's management has been repeatedly attributing the successful operating metrics to high market volatility. On the other hand, brokers like Saxo Bank, who have been obviously going through much more challenging times, have defined the market as one with weak volatility. It seems that the FX arena is ridden with mysteries and puzzles. 
 

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  alpari group of companies  alpari forex broker  alparo fx volumes  alpari operating metrics  alpari performance august 2013  forex august 2013 

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