The international financial Alpari brand just informed that its trading turnover in 2017 exceeded 1.3 trillion USD, marking a 29% increase on 2016. This was largely a result of growth in trader and investor activity, high volatility on currency markets, improvements to our product line, the development of investment and technological services, and improvements to the quality of services offered to our clients.
Last year, the EURUSD pair retained its position as the most popular currency pair among Alpari clients across the world. This pair saw an increase in trading turnover of nearly 30%. Among the major currency pairs, those involving the Japanese yen have seen a significant increase in turnover; most notably USDJPY, GBPJPY, and EURJPY. Turnover on all these instruments increased by a factor of more than 1.5, with values ranging from 57% to 77%. The AUDUSD and USDCAD currency pairs also saw notable increases in turnover.
Alpari clients continue to show increased interest in trading gold. Trading turnover on the XAUUSD instrument grew by 37% on the previous year.
A steady influx of clients is seen in Alpari’s PAMM account and PAMM portfolio investment services. By the end of 2017, there were more than 25,000 active investors across our PAMM service and more than 4,000 managers. The PAMM service as a whole saw an average monthly turnover in excess of 15bn USD throughout the year.
The Alpari brand is preparing to open a new chapter in its work on European Union markets. Last year’s key event in this regard was the granting of an investment broker’s licence by the Financial and Capital Market Commission of Latvia. We expect Alpari Europe IBS AS; part of the international financial Alpari brand, to officially launch operations in the first half of 2018. In addition to this, we are continuing to expand our operations in Southeast Asia, Latin America, Mauritius, and other countries in the Indian Ocean region.” commented Andrey Dashin, owner of the international financial Alpari brand.
Last year, the number of people using Alpari’s mobile applications for working on the foreign exchange market surpassed 400,000. This marks an increase of around 300,000 people. Alpari currently boasts 3 mobile applications in its product range; Alpari Invest, Alpari Options, and Alpari Mobile. The functionality of these applications is constantly being improved and the number of downloads in countries across the world continues to grow.