Alpari RU, the retail Forex broker servicing the Russian market, has announced its operating metrics for March 2015, clearly depicting a recovery in trading activity compared to the industry-wide low points that prevailed during the entirety of February.
In March 2015, Alpari RU has reported a 30% increase in trading volumes for the month, arriving at the end of March with a total trading volume in excess of $96.9 billion.
In February, Alpari’s Forex volumes in Russia and the countries of the Commonwealth of Independent States (CIS) amounted to $74.7 billion in February 2015, down by 15.5% against the levels seen in January 2015.
Whilst many retail FX firms experienced a notable increase in trading volumes in March, Alpari RU points out a specific contributing factor to its increase in trading activity, that being a sales growth of more than 85% sales growth in the EURUSD currency pair, the volatility of which has increased significantly in March.
The firm also onboarded its millionth customer in March, Leonid Lemeshev from Vologda in Russia, awarding him 50,000 points in the form of a bonus as part of the company’s loyalty program.
The official announcement of the monthly metrics can be found here.