Alpari Russia chooses MarketsPulse while Alpari UK goes with SpotOption for binary options

Further demonstrates independence of Alpari units – as well as hot competition in binary platform sector.

Binary options platform provider MarketsPulse has issued a press release stating that Alpari Russia has launched binary options trading based on its platform (we had reported it earlier here). That’s certainly a good win for MarketsPulse — Alpari Russia has significant forex trading volumes of about $130-$140 billion monthly, which should translate into healthy binary volumes as well/

However we should point out that Alpari Russia’s sister company, Alpari UK, offers binary trading using rival SpotOption‘s platform.

This demonstrates two things:

  1. Alpari units make independent decisions. Alpari does about half of its volumes in Russia via as (by far) the largest Russian forex broker, and half elsewhere
  2. The market for binary platforms is very intense, with market leaders SpotOption, Tradologic, MarketsPulse, and TechFinancials duking it out for new brokers, as well as for existing forex brokers which want to add binary trading for their clients.

To see the MarketsPulse press release re the Alpari signup click here (pdf).

For more on the global Forex industry see the LeapRate-Dow Jones Forex Industry Report.

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