Alpari (UK), a leading provider of online foreign exchange (FOREX, FX) trading services today announced the launch of its representation in Germany.
The new Alpari Deutschland office, on the 29th floor of Frankfurt's landmark skyscraper, the Messeturm, will serve Germany as well as German-speaking individual traders and institutional customers in Austria and Switzerland.
Heiko Müller, the new General Manager of Alpari (DE), said: "Our objective is to expand Alpari's business in the German-speaking markets, offering retail and institutional clients with innovative currency trading technology combined with best execution, competitive pricing, and dedicated local customer support".
In 2009, Alpari (UK)'s customer base in the German speaking region more than trebled, driven by the buoyant growth of Forex trading in these markets. The new German office brings the Alpari Group's operations closer to its customers across the region, delivering institutional-level trading services and technologies, developed by its Research & Development team.
The Alpari Group is one of the world's fastest growing providers of online Forex trading services, with 190,000 live accounts worldwide and monthly trading volumes in excess of USD 100 billion.
"With growth prospects for the equity and bond markets flagging, investors in the German speaking markets have increasingly been turning to the Forex market," commented Andrey Vedikhin, Co-Founder and Chief Executive Officer of Alpari (UK).
The foreign exchange market is the largest market in the world. With USD 3 trillion trading hands every day; the Forex market is estimated to be more than three times larger than the equities market and five times larger than the futures market.
"We believe our Prime Broker model is the best way to deliver a high quality service and an efficient trading experience to our clients. It provides better execution and access to more ample liquidity via the interbank market to institutional as well as individual clients", commented Vedikhin. "Our clients in Germany will also benefit from ECN Forex tradading on MetaTrader 4, with spreads from 0 pips, no requotes, Straight Through Processing (STP) and Non Dealing Desk (NDD) execution. "
All clients will have unlimited and free access to Alpari Research which includes in-depth equity & FX research tools designed to help traders making informed trading decisions. Alpari Research provides fundamental and technical analysis of FX, equity and commodity markets, accommodating both short and long-term traders.
Alpari (UK) Ltd is authorized and regulated by the Financial Services Authority (FSA Register number 448002).