Alpari Hits 1,000,000 Account Milestone

Alpari announced today that they have reached the one million milestone for opened accounts at the broker. The figure includes accounts opened at their RU (www.alpari.ru) and offshore (www.alpari-Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term.com) entities and doesn’t include accounts from the former Alpari UK or US units.

Alpari hit the one million account milestone after launching at the end of 1998, and having announced that they topped the 100,000 account barrier in 2009. In terms of total active month accounts, when contacted by Forex Magnates, Alpari didn’t provide a specific number, but related that they were comfortable with estimates from the Interfax CEA FX Survey. In that report, Alpari was estimated as having 120,000 active traders.

Commenting on the news, Boris Shilov, CEO of Alpari, stated, “The growth rate of the customer base is impressive. In 2009, the company achieved the milestone of 100,000 customers. To increase this number to one million, Alpari took only 6 years. The main credit for this belongs to, of course, our team - focused and professional. Alpari has always been focused on the customer: the best trading conditions, the most convenient services, advanced technical solutions, so the result is natural."