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What's Up with Alpari UK's Binary Options?

Today, while exploring the website of Alpari UK, the leading Forex broker, I noticed a striking gap in the list of trading platforms – the platform for binary options was missing. And although the team of the UK broker keeps sending me mails about the Forex market and various forecasts, there's no message in my mailbox about the termination of the binary options service and any reasons behind such a move. 
 
What we know is that in the autumn of 2013 Alpari UK, along with the global business of the brand, undertook major restructuring: the UK broker back then appointed a new chief executive who promised to focus on the retail segment. We had supposed that such a focus would mean retaining the binary options platform but alas! 
 
It's a shame that Alpari is dropping the binary options platform, as it was powered by a stable software from SpotOption and offered a wide variety of options to choose from. Given the solid regulatory status of the broker – it has a license with the Financial Conduct Authority (FCA), Alpari UK has been amid the handful of brokers offering binary options trading without any suspicions regarding the money safety and the corporate business as a whole. 
 
By the way, after noticing the absence of binary options platform on Alpari UK's website, I rushed to check what's going on with the Russian subsidiary of Alpari – Alpari Limited, as it also offers binary options trading on its OptionTrader platform. The offering by the Russian broker is (still) intact and hopefully will remain this way. Moreover, Russia's Alpari has recently beefed up its binary options menu with a new kind of these instruments: options on demand.
 
The move by Alpari UK comes amid a wave of warnings by European regulators against providers of binary options services. Less than a month ago, for instance, France's AMF issued a warning against 68 unregulated binary options brokers. Could it be that Alpari is having hard time facing regulatory scrutiny? We don't know the answer to that question and hope for clarification from the broker.
 
 

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 uk  alpari forex broker  uk forex broker  binary options  platform  online trading  spotoption  option trading  termination  stop 

More news about Alpari

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