Alpari declares Middle East operations still going strong, but without MT5 – LeapRate Exclusive

LeapRate Exclusive… Alpari has today confirmed that its Dubai operations are unaffected by the insolvency of Alpari UK, which resulted in administrators KPMG being appointed to orchestrate the formal administration of Alpari UK, which includes the company’s British and Japanese divisions.

The company issued a corporate statement on its website which states that Alpari ME DMCC (acronyms for Middle East, Dubai Multi Commodities Center), is completely independent and isolated from Alpari (UK) Limited and therefore the recent developments will not affect the company’s Dubai Gold and Commodities Exchange (DGCX) client trading business, as well as client deposits with Alpari ME DMCC.

Whilst the corporate operations of Alpari ME DMCC remain unaffected, the company’s platform offering has been affected by the demise of Alpari UK, due to the location of the firm’s servers. This has resulted in Alpari ME DMCC’s MetaTrader 5 platform being offline for the time being. Alpari advises that positions remain open and clients are able to contact the company’s dealing desk to close positions or place new orders, as well as to obtain live market price updates.

The following is a screenshot from the Alpari ME DMCC website:

Alpari ME statement

Alpari ME DMCC’s dealing desk telephone number is 00971 4 457 9860/2/4

To read the full announcement from Alpari ME DMCC, click here.

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