Alpari Russia has expanded its offering today by finally introducing a new binary options section. Last year, LeapRate reported that Alpari Russia chooses MarketsPulse for its option platform technology while Alpari UK went with SpotOption. However, since that time Alpari UK has dropped binaries (most likely due to regulatory issues, in the same way HY Markets took their platform down being UK-FCA based).
Alpari Russia officially states per the company blog : “Trading binary options can be an excellent choice for beginning traders as the risk is set out in advance, you can invest from as little as 5 USD and the potential profit is higher in comparison to other financial instruments.”
They are referring to their platform as ‘OptionTrader’. This product is provided by BINARY PRODUCTS LIMITED, a company registered under the laws of Saint Vincent and Grenadines (incorporation number 21385 IBC 2013; registered address: P.O. Box 1825, Cedar Hill Crest, Villa, St. Vincent and the Grenadines) under which Alpari Limited will provide a binary options trading service as an agent of Binary Products Limited.
The minimum investment in an option is $5 USD. To open a fx.option account requires a minimum deposit of $50 USD / €50 EUR.