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Alpari Sets $238 Billion Trading Volume Record in March

Metrics for March have been pouring out from forex brokers over the past days and the Alpari group of companies joined the stack yesterday by reporting another monthly trading volume record: this time of $238 billion.

 
Alpari's clients in Russia and the Commonwealth of Independent States (CIS) accounted for $140.2 billion of the total of $238 billion of trading volumes recorded in March. This was an absolute record for the company's operation in Russia and CIS, that is the highest mark since the company was established there in 1998.
 
And it seems that the Alpari brand has more occasions for celebration as March was the second month of the first quarter of the year which saw a trading volume breakthrough. In January 2013, trading volumes surpassed $210 billion, a level that was last seen in May 2011, and the company's operations in Russia and CIS contributed $110 billion to the sum – a record for the regional outlets.
 
Commenting on the robust figures, Daniel Skowronski, chief executive at Alpari (UK) Limited, credited the success to the popularity of the Alpari brand and the strength of the product portfolio of the company. In fact, Alpari has put some efforts recently to entice clients and in February the company introduced new terms and conditions for Metatrader 4 (MT4) accounts, including tighter spreads, improved order execution, cuts in margin requirements and beneficial changes in minimum initial deposit requirements.
 
Meanwhile, the overall market situation in the forex sector has been controversial with performance varying across different brokers. For example, Australian broker AxiTrader boasted itself for record $82.1 billion trading volumes in March. At the same time, FXCM, one of the leading forex brokers in the world, registered an 11% month-on-month drop  in March. Despite the fall, FXCM's monthly trading volumes stood high at $319 billion – above the record levels reported by Alpari.
 
As you can see, the forex world is boiling and we'll keep you informed about the latest developments out there.
 
 

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.
 
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 trading  forex brokers  alpari  russia  cis  uk  trading volumes  march  performance metrics  corporate performance  results 

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