Two years after its major UK branch became insolvent, Alpari, the international FX broker, has posted a strong first half of 2017 with trading turnover coming in at $600.9 billion. This is a 16% increase in volumes compared to the same period in 2016.
This increase was seen across all the major currency pairs with the Japanese yen (JPY) leading the lot. While the USD/JPY pair had a turnover increase of 115%, the GBP/JPY and EUR/JPY followed closely with turnovers increasing by 55% and 61% respectively.
Gold continues to be a favourite among traders and Alpari reported an increase in turnover by 43% over the same period in 2016. The surprise package would have to be the Swiss franc (CHF), with Alpari reporting a turnover increase of 33% for the USD/CHF pair and an increase of 98% for the EUR/CHF pair.
Increased presence in social media
Alpari has also increased its social media presence during this period by establishing a presence on Telegram and Viber, which has helped it to reach out to a wider audience.
Alpari also launched its new app, called Alpari Mobile, which is currently being used by more than 200,000 traders and provides an alternate path for traders to engage with Alpari. It also recently launched trading in bitcoins, on its platform and also launched a cryptocurrency portfolio which has helped it to expand its range of offerings.
The sound performance in the first half of 2017 has led it to believe that it will be able to exceed the trillion dollar turnover that it achieved in 2016.