Exclusive: OANDA Submits a Bid to Acquire Alpari UK
- Forex Magnates' reporters have learned from sources with knowledge of the matter that the latest company looking to acquire the business of insolvent Alpari UK is Toronto headquartered OANDA.
According to information obtained by 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 Magnates' reporters from sources close to the matter, Toronto headquartered, veteran forex broker OANDA has submitted a bid of acquisition of ailing UK broker Alpari.
The move would expand the business of OANDA across the UK, the Middle East and North Africa region, where Alpari UK has been performing particularly well. For the time being, no information about the prospective offer put on the table has been obtained by Forex Magnates.
OANDA already boasts global regulation, having subsidiaries in Australia, Canada, Japan, Singapore, US and the UK. What the firm is likely to get from a prospective deal is a reputation as a strong player in these critical times for the retail forex industry.
Policies which OANDA has, like its low Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term terms, contrast with what Alpari UK has been offering to its clients. The company has been providing a cap on leverage across all jurisdictions where it is operating at 1:50.
This policy has proven to be prudent in light of recent events and several other major retail brokers are taking similar measures in regards to leverage, including Saxo Bank and FXCM. A number of brokerages have increased leverage requirements only in the Swiss franc pairs and particular assets. The full list of changes is updated real-time on the following page.
There has been rampant speculation about which brokerage might be in line to acquire the distressed FCA regulated broker Alpari UK. Yesterday, Alpari UK clients got a note from KPMG, the current administrator of the brokerage.
According to information obtained by 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 Magnates' reporters from sources close to the matter, Toronto headquartered, veteran forex broker OANDA has submitted a bid of acquisition of ailing UK broker Alpari.
The move would expand the business of OANDA across the UK, the Middle East and North Africa region, where Alpari UK has been performing particularly well. For the time being, no information about the prospective offer put on the table has been obtained by Forex Magnates.
OANDA already boasts global regulation, having subsidiaries in Australia, Canada, Japan, Singapore, US and the UK. What the firm is likely to get from a prospective deal is a reputation as a strong player in these critical times for the retail forex industry.
Policies which OANDA has, like its low Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term terms, contrast with what Alpari UK has been offering to its clients. The company has been providing a cap on leverage across all jurisdictions where it is operating at 1:50.
This policy has proven to be prudent in light of recent events and several other major retail brokers are taking similar measures in regards to leverage, including Saxo Bank and FXCM. A number of brokerages have increased leverage requirements only in the Swiss franc pairs and particular assets. The full list of changes is updated real-time on the following page.
There has been rampant speculation about which brokerage might be in line to acquire the distressed FCA regulated broker Alpari UK. Yesterday, Alpari UK clients got a note from KPMG, the current administrator of the brokerage.