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Alpari Retains Top Position amid Forex Brokers in Russia in 2013

Alpari Limited, the Russian subsidiary of the global brand Alpari managed to retain its leading position in the Russian Forex market in 2013, according to the latest study by Interfax Center for Economic Analysis. The study, based on surveys of Forex brokers and traders, showed that Alpari was the major Forex broker in Russia last year, measured in number of active clients and average monthly turnover. The broker succeeded in retaining the top place in the ranking, which it also occupied in 2012. 

Given the number of active clients, Alpari now has a hold of 28.8% of the Forex market in the country, while according to Forex volumes it holds a share of 30.6%. The second and third positions are taken by Forex Club and TeleTRADE, over which Alpari has a significant edge. Alpari deserves some praise as 2013 was a really active one for the broker: it beefed up its PAMM service, launched new structured products, introduced its own binary options platform, and cut commissions and spreads.
You can see more details about the ranking in the table we've compiled for you.
The top three brokers in the ranking remain the same as in 2012, which may be worrisome to many, as the market may appear solidified and closed to newcomers. Indeed, the Russian Forex traders appear quite conservative: the majority of them claim the service of their Forex broker is excellent and they would not switch brokers in 2014. 
Still, the market is not as closed and hostile to foreign Forex brokers. RoboForex, which is headquartered in New Zealand, managed to rank 8th according to number of active clients. For that matter let's also note that FBS succeeded in entering the top 10 according to the number of its clients in Russia and ranked 9th. The broker boosted its market share in Russia by 30% compared with levels seen in 2011.
An especially good sign is the performance of Denmark's SAXO Bank, which is 15th in the ranking of Forex brokers according to the number of active clients. It also took the 8th place in the volumes ranking – an excellent performance for a company that has just stepped on the Russian market.
The study says that there are currently 100 Forex brokers on the Russian market but their number is set to fall to 20-30 once there is a Forex law in the country. Meanwhile, the Forex trading gathers speed with the average monthly Forex volumes of all brokers in the country in 2013 reaching $440 billion. That's a bit odd, given that about 40% of Russian traders say their earnings from Forex trading are below average.

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 russia  alpari limited  alpari forex broker  russia forex  russia  forex market  interfax  2013 study  russian forex brokers  roboforex  fbs  active clients  forex turnover 

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