Alpari Group

History

The company was originally established in Kazan, Russia, in 1998 by Daniel Skowronski, who became the first CEO, and Andrey Vedikhin, Andrey Dashin and Gleb Petrov.

Services

Alpari enabled investors to trade on various electronic trading platforms, including MetaTrader 4 and MetaTrader 5, which allows traders to apply automated trading strategies. It also offers web-based custom platform which is called Alpari Direct and features access to trading technologies and news feeds.

United Kingdom

The company established a number of offices and Alpari (UK) was founded in 2004 as part of the global association of Alpari companies. It became regulated by the Financial Conduct Authority in September 2006. The company opened and closed several branches in other countries. Cyprus office (via Alpari Financial Services Ltd.) was opened in 2010 and the CySEC license was acquired that year. The company renounced its licence in December 2012 and closed office in February 2013. Alpari (UK) entered Indian market in 2008 by incorporating its subsidiary, Alpari Forex (India) Pvt. Ltd., in Mumbai. The company left India in March 2014. Alpari Deutschland was established in 2009 in Frankfurt, Germany. A subsidiary in Tokyo, Japan, was established in 2011 as Alpari (Japan) KK.

For UK residents, the company also offered financial spread betting on Forex and indices. In addition to trading products, Alpari provided market research tools such as trading reports and charts. The company served retail, professional and institutional clients.

In September 2013, Alpari (UK) introduced currency and spot metal binary options trading via OptionTrader platform. Alpari became a member of International Swaps and Derivatives Association (as Alpari Limited) in October 2013.

In April 2014, Alpari closed down its Indian operations that had employed about 60 people to prepare the company for an expected IPO in the following year. The companies received a large part of revenue from Russia and the Commonwealth of Independent States which have been its core market since its foundation.

On 16 January 2015, it was widely reported that Alpari has entered insolvency following heavy losses the previous day when the Swiss National Bank unexpectedly removed the franc's ceiling against the euro. Its board of directors were considering all options including a sale. On January 19, Alpari (UK) Ltd. applied for formal insolvency and the English High Court appointed a special administrators from KPMG under Special Administration Regime. IronFX, a Cyprus-based foreign exchange trading company, confirmed its bid on Alpari in January 2015.

Russia

Alpari-Broker Ltd. (Russian: ООО «Альпари-Брокер») was established as legal entity in September 2008 in Kazan, Russia. It is licensed as a professional participant of the equity markets for providing brokerage, dealership and money managing services by the Central Bank of Russia. Additionally, it is a member of CRFIN (the Center for Regulating OTC Financial Instruments and Technologies), a self-regulatory organization created by Forex brokers. Andrey Dashin, the chairman of Alpari, is also on the Founder Board of this SRO.

According to Finmarket information agency, in 2014, Alpari became a top Russian Forex dealer, based on the number of clients and average monthly turnaround. The company has 120 thousand active clients or a 28.35% market share, the second-largest company is Forex Club, with its 71.83 thousand clients and a 16.97% market share.

United States

Alpari US Llc was established in 2006. It had its NFA membership approved in November 2007.