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Alpari Boasts Another Record: Forex Trading Volumes Hit Peak Levels in May

The Alpari group of companies have had a bunch of reasons to celebrate since the start of the year – there have been a raft of performance records and then – less than a week ago, the FX and CFD brokerage got the Financial Elite of Russia award in the nomination for “Company of the Year on the Forex market”. 

 
And the company offered another cause for applause from the FX community as it has just revealed its trading volumes for the past month. According to a report by the Forex Magnates, trading volumes for the companies operating under the Alpari brand reached stunning $260 billion in May, a record level, beating the previous breakthrough result of $245 billion seen in April by 6.1%. The exceptional performance last month continued a tradition of records in trading volumes that the broker has enjoyed since the onset of 2013: in March, for example, the trading volumes peaked at $210 billion, following record results posted in February and January.
 
Daniel Skowronski, chief executive officer of Alpari (UK), attributed the robust results to the increased trading volatility and the high-quality of the product variety that the broker offers. We cannot disagree with him, since the company has been exerting plenty of efforts to boost its offering and to lure more clients: in the start of May, it launched three new types of ECN accounts which are commission-free, and, also last month, it announced improved trading terms and conditions, including cuts in spreads to 0.1 pips on currency pairs like the EURUSD and the EURCHF.
 
Alpari's results for the last month are record for the company, but they are less impressive if we compare them to the metrics posted by FXCM: the leading broker announced retail trading volumes of $390 billion for May, a jump of 28% against a year ago and up by 7% from April levels. Wow! 
 
Well, it looks as May was another exciting month for FX brokers across the globe, and we expect more interesting news from this business segment soon. We'll keep you posted!
 
 

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  forex  forex trading  forex broker  may  performance  trading volumes  record  ecn accounts  spreads  trading terms and conditions  retail forex 

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