Alpari increases Binary Options activity Despite UK Cancellation


There is no doubt that Alpari is a well-known, well established and reputable firm in the financial services industry. This is why concerns were raised when recently, according to some reports, the Alpari UK branch had sent out letters informing its clients that it would no longer be offering binary options trading, citing regulatory considerations as the reason behind this decision.

An official press release which was publicized today in London through PRWEB, comes to alleviate the fears and concerns of traders, since, the Russian based branch of Alpari, and its partners MarketsPulse and Binary Products jointly announced that not only they will continue offering binary options, but that the high demand for this product leads them to launch new mobile trading platforms and new options in 2014.

More specifically, during 2014 Alpari plans to increase its binary options trading availability by offering the ability to trade from multiple mobile devices, while it will also offer more trading choices by adding new options. This will be done through the international site, which is currently available in both Russian and English.

Boris Shilov, CEO at Alpari is quoted in the official press release as saying that: “We are committed to providing our clients with the best trading experience. As the leaders in the online trading industry, our binary options product will be of no exception in case of running customers interest, and this will be accomplished with the cooperation of our partners Binary Products and MarketsPulse.”

On the same wavelength, Shay Hamama, VP of Business Development at MarketsPulse comments, according to the same press release that: “With only a short time since Alpari’s launch in September, we are pleased with the success of the product and proud to be working with Binary Products which provide its service to such a company as Alpari.RU. We look forward to launching some new and exciting technology with them in 2014.”

In order to correctly assess the importance of this announcement, one should bear in mind that MarketsPulse is the binary option platform provider chosen by many leading regulated brokers, such as Binary Products &, AVA Trade, Hantec Markets, FXTrade Financial and more. Moreover, one should also take into account that Alpari is justifiably considered as one of the world’s leading names in online Forex trading,  since it serves clients in 150 different countries across the world, through its offices in London, Frankfurt, Tokyo, Dubai, New York, Shanghai, Moscow and other important financial centers. Indicative of Alpari’s success is the fact that during 2013 the company significantly increased its client base and also managed to increase its trading volume by 57%, with its average monthly turnover reaching 131.2 bln USD. Only yesterday Alpari announced that in January, 2014, its trading volume in Russia and the CIS came to 136.6 bln USD, recording an increase of 24% compared to the same period in 2013. According to the same announcement, the aggregate number of trades in January, 2014 spilled over the 1 mln lot mark, and the number of open accounts at Alpari was close to 1.1 mln.