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Alpari Announces H1 Forex Trading Volumes: Numbers Go Through the Roof

Earlier today we expressed our doubt that the US retail forex market may be shrinking, however it would appear that this is definitely not the case in Russia and the Commonwealth of Independent States. According to Alpari's data, people in that area of the world are not only enjoying the occasional vodka with caviar, but are also quite the serious trading fans (to make money for more vodka and caviar, I guess). 

 
Just in the first half of the year, the broker has seen record trading volumes in its Russia/CIS branch: for the first six months of 2013 its customers there have traded a total of $788.5 billion. This is the highest the company has ever seen for the 15 years it has been in business. 
 
It's not that we haven't been expecting this, of course – we have already reported on March, April and May being exceptionally strong months for Alpari both in Russia and globally, so in a way we we expected to see a record of a sort being broken this year.  
 
Compared to the second half of 2012, the broker's trading volumes have risen by 67%. True, in the last few months of 2012 we witnessed particularly low market volatility and hence – decreased trading appetite but nonetheless, Alpari's growth is impressive. 
 
Market volatility is not the only reason for the record trading volumes, though. The broker has been investing a lot of effort into improving its customers and staying amongst the largest international forex brokers. Boris Shilov, Alpari's CEO, elaborates on this: 
 
"It’s clear that Alpari’s recent success is no coincidence. In the first half of the year, our company significantly improved its trading terms, added additional sources of liquidity for clients, increased the quality of order execution and optimized its lineup of trading accounts, investment accounts and financial services. Clients also continue to show a great deal of interest in our ready-made portfolios of PAMM Accounts and structured products. Finally, our company is finding better ways to reach out to people, as is demonstrated by our recent inflow of new customers. At the beginning of July, we were nearing 900,000 trading accounts among clients in Russia and the CIS."
 
Of course, it's hard to believe all of those 900,000 accounts are active, tradable ones – despite the fact that the overall population of Russia and CIS is over 276 million people, such a penetration rate for a single broker seems a tad unbelievable. 
 
 

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: forex  forex trading  trading volume  forex broker  Russian forex broker  Alpari 

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