Alpari Bags Another Record Month of Trading Volumes in July
Alpari companies worldwide released positive trading metrics for the month of July today. The firm continues its positive trend where
Alpari, a leading financial services companies worldwide, have reported trading volumes for the month of July. The firm has been on the receiving end of an uptake in trading activity as volatility has been keeping traders alert and driving volumes across FX and other asset classes.
Total trading volume for the month reached a staggering $270 billion, an 11% increase from a month earlier where the broker reported $243 billion. The company saw average daily volumes reach the $11 billion mark, thus placing the firm in strong position among its peers.
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Speaking about the growth in trading volumes, CEO of Alpari (UK) Limited, Daniel Skowronski said in a statement: “Forex traders have taken advantage of opportunities arising from higher volatility in the markets throughout the first seven months of 2013. For Alpari to achieve record trading volumes month after month highlights the quality of our global product and service offering.”
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BS. need an audit
FxTrader, you will be surprised how much volumes can accumulate in volatile times, example take a $1000 account 500:1 leverage, in a short space of time several standard lots can placed. $11 billion a day equates to around 110,000 standard lots. If you have around 20,000 clients (Alpari has MUCH more) then you can do the maths. In the UK all companies submit annual financial statements.
Alpari is a joke w/out Russia. Zero competitive advantage or USP which is why these figures are largely inflated.
@Adil: FCA registrants are not audited as per number of active trading accounts but rather financials..
Even a truth from a Russian broker is a lie. I know what is going on there.
FxTrader: just spill the beans then.
I think its 50 50 split russia and uk us. You seem really knowledgable fxtrader, whats the deal with russia? And whats the point of alpari posting inflated figures ?
I believe these figures are 100% true. If Alpari are going down the IPO path (which I also believe) then there is no reason to lie at all. In fact it would hurt them greatly if they did. It doesn’t matter if its 50% Russia and 50% UK. Volume is volume and profit is profit under the same Company and name. It seems some people out there just don’t use common sense.
if you start browsing the internet and put two and two together you will get a clear picture, recently plus500 got listed, have a look at their current marketing, forums activity, IB’s or affiliates and make an assessment on the figures they quoted.
then you can do the same for alpari or any other broker. the only thing you cannot identify is the institutional volume, which can make a massive difference.
data is widely available, stuff like myfxbook show you exactly how much trades people are doing etc etc