Alpari Adds Binary Options To Its Offering Via Two Platforms Depending On Region
by
Andrew Saks McLeod
Alpari today announces the introduction of binary options trading facilities to its clients. In Russia and the CIS region, the MarketsPulse platform will be offered, whereas in the United Kingdom, SpotOption provides the platform.
Binary options continue to make its way into the mainstream electronic trading arena via strategic alliances between binary options platform providers and established FX brokers.
Today, Alpari is the latest to add binary options to its offering by way of a partnership with Binary Products Limited. The partnership takes the form of an agent agreement with Binary Products Limited which will allow Alpari traders to predict the price movement of popular currency pairs and spot metals via the MarketsPulse Trading Platform.
"The widening of our product lineup is a significant event not only for Alpari, but for the market as a whole" stated Alpari CEO Boris Shilov today on behalf of the firm.
"Our persistent efforts to improve our trading terms and the continual expansion of our lineup of products and services are key to our company’s lasting success. The first half of 2013 provided no exception to this trend of sustained growth: Our trading volume in Russia and the countries of the CIS was up 67%, in excess of $788 billion, and the number of accounts at Alpari was nearing 1 million" stated Mr. Shilov.
In terms of the provision of binary options, contracts with expiration ranging from 3 minutes to 1 hour will be available to trade in the new OptionTrader platform, and Alpari clients will have the opportunity to open accounts denominated in US dollars and euros. Alpari believes that there is a lot of potential for binary options in Russia in the CIS region.
In the UK, the firm has taken a different approach insofar as that it offers binary options trading via the SpotOption platform, further highlighting the independent means by which each of the Alpari business units operate.
Alpari clients trading a standard MetaTrader 4 account will also gain access to CFDs (Contracts For Difference) on commodities, indexes, ETFs (Exchange-Traded Funds) and stocks listed on NASDAQ and the New York Stock Exchange. CFDs will give Alpari clients the capability to capitalize on rising as well as falling prices in these markets.
In addition, to the offering of binary options, Alpari has also launched a trading account for beginners, under the designation of the nano.mt4 account. This new account type gives traders the opportunity to trade with real money, but on a much smaller scale – the amount of funds required to open a position on a nano.mt4 account is 100 times less than with traditional trading accounts.
This will allow novice traders to get a feel for the psychological aspect of trading with real money, something that a demo account can’t do. There is also no minimum deposit on these new accounts, which are denominated in "US cents" and "Euro cents".
Daniel Skowronski, CEO of Alpari (UK) Limited, made a corporate statement today: “Our number one focus is to ensure that we continually evolve and enhance our consumer offering. Binary options are the latest addition to our product portfolio and follow on from other recent product launches in 2013 such as our social trading product TraderConnect and VPS.”
Binary options continue to make its way into the mainstream electronic trading arena via strategic alliances between binary options platform providers and established FX brokers.
Today, Alpari is the latest to add binary options to its offering by way of a partnership with Binary Products Limited. The partnership takes the form of an agent agreement with Binary Products Limited which will allow Alpari traders to predict the price movement of popular currency pairs and spot metals via the MarketsPulse Trading Platform.
"The widening of our product lineup is a significant event not only for Alpari, but for the market as a whole" stated Alpari CEO Boris Shilov today on behalf of the firm.
"Our persistent efforts to improve our trading terms and the continual expansion of our lineup of products and services are key to our company’s lasting success. The first half of 2013 provided no exception to this trend of sustained growth: Our trading volume in Russia and the countries of the CIS was up 67%, in excess of $788 billion, and the number of accounts at Alpari was nearing 1 million" stated Mr. Shilov.
In terms of the provision of binary options, contracts with expiration ranging from 3 minutes to 1 hour will be available to trade in the new OptionTrader platform, and Alpari clients will have the opportunity to open accounts denominated in US dollars and euros. Alpari believes that there is a lot of potential for binary options in Russia in the CIS region.
In the UK, the firm has taken a different approach insofar as that it offers binary options trading via the SpotOption platform, further highlighting the independent means by which each of the Alpari business units operate.
Alpari clients trading a standard MetaTrader 4 account will also gain access to CFDs (Contracts For Difference) on commodities, indexes, ETFs (Exchange-Traded Funds) and stocks listed on NASDAQ and the New York Stock Exchange. CFDs will give Alpari clients the capability to capitalize on rising as well as falling prices in these markets.
In addition, to the offering of binary options, Alpari has also launched a trading account for beginners, under the designation of the nano.mt4 account. This new account type gives traders the opportunity to trade with real money, but on a much smaller scale – the amount of funds required to open a position on a nano.mt4 account is 100 times less than with traditional trading accounts.
This will allow novice traders to get a feel for the psychological aspect of trading with real money, something that a demo account can’t do. There is also no minimum deposit on these new accounts, which are denominated in "US cents" and "Euro cents".
Daniel Skowronski, CEO of Alpari (UK) Limited, made a corporate statement today: “Our number one focus is to ensure that we continually evolve and enhance our consumer offering. Binary options are the latest addition to our product portfolio and follow on from other recent product launches in 2013 such as our social trading product TraderConnect and VPS.”
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Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
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Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
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