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Screenshot of a breaking news alert e-mail from Q2 2017
In a month where most FX brokers saw a slight decline, Alpari continued to plow forward, driven by its home market in Russia.
Forex Industry News… Global FX broker Alpari has reported its best ever month in March, with total group volumes coming in at $238 billion — just eclipsing February’s $237 billion at Alpari. These stellar results come during a month when we have seen trading volumes at most other FX brokers and Forex ECNs take a bit of a breather from a very strong start to the year in January and February.
However the story isn’t all rosy at Alpari. As per the chart below, LeapRate has learned that Alpari’s volume growth has been driven mainly by its home market of Russia. March volumes out of Russia for Alpari hit $140 billion, up 65% (!!) from 2012’s average of about $85 billion per month. By contrast, while still above 2012 levels, Alpari’s rest-of-the-world volumes actually declined in March from February’s record of $105 billion. Rest-of-world volumes at Alpari were $98 billion in March, or about 41% of the company total. Historically, Russia/CIS volumes and rest-of-the-world volumes at Alpari have been fairly split 50:50.
Clients in Russia at Alpari seem to have similar trading tastes to clients around the world — more than half of all volume (59%, actually) came from good ol’ EURUSD trading, and a further 19% of volumes from GBPUSD. Again, fairly close to norms we see around the world.