Alpari has seen its volumes grow strongly in the first half of 2018. According to a statement released today, the forex broker recorded a significant increase in its trading turnover due to the continued growth of its client base.
Turnover across key markets during the first half of this year amounted to $840.5 billion. This is a 40 percent increase from the same period in 2017. Not only was growth in client accounts the main factor, but the activity of investors also saw an uptick.
During the first half of the year, the firm continued to expand its brand globally. According to the statement, the highest growth rates in the broker’s areas of operation was in Southeast Asia and Latin America. The increase in brand awareness also contributed to the jump in trading turnover.
In the six months to June 30, 2018, the EURUSD currency pair retained its top spot as the most popular currency pair on Alpari. During the first half, traded volume was up 56 percent when compared to the first half of 2017. The broker’s second most traded currency pair, GBPUSD, was also up by 63 percent year-on-year.
Trading Places: Finding The Best Jurisdiction for Your BrokerageGo to article >>
The popularity of gold continued to grow in the first half. This saw trading volume grow steadily for the XAUUSD pair, the statement said.
Strong Q1 for Alpari boosts first half of 2018
The strong first half results build upon a positive first quarter this year, which was boosted by more active markets and heightened volatility. During this period, the global forex brokerage saw a trading turnover of $429 billion.
Commenting on the results the owner of Alpari, Andrey Dashin, said: “In the first half of 2018, we continued our successful international development. Today, Alpari has a leading position in many of the markets in which it operates.
“We reached our all-time highest trading turnover thanks to the growth of our client base. In the second quarter of 2018, we passed the milestone of two million clients. This is undoubtedly the result of the brand’s well-thought-out strategic development, reliability, and the availability of innovative technologies and attractive trading conditions for customers.”