Alpari reduces min deposit requirements for pro ecn trading accounts

Alpari reduces min deposit requirements for pro ecn trading accounts

Russian forex brokerage group Alpari has reduced the minimum deposit requirement for pro.ecn.mt4 accounts to USD/EUR/GLD 500, the broker said on Friday. The change went into effect on 28 December, 2015.

Alpari has also registered with the US’ Internal Revenue Service (IRS) and has made ammendmends to the Regulations for Non-Trading Operations. The changes allow the broker to suspend performing of non-trading operations when traders breaceh the Client Agreement, or in case of a technical failure or an elimination of consequences caused by a Spike.

Alpari added earlier in December a new type of trading account for binary options, alpari.binary. These accounts can be opened in EUR and can be used for trading amounts in the range EUR/USD 5-5,000. There is no minimum deposit requirement for the new binary options account and contracts.

Earlier this month, Alpari International, part of the Alpari group, renamed its trading accounts fix.mt4 and pro.mt4 to become standard.mt4 and ecn.mt4 accounts, respectively. Also last month, the broker closed all nano.mt4 accounts. The changes are part of its product optimization strategy.

Forex brokerage group Alpari has offices in Russia, Saint Vincent and the Grenadines, Mauritius, and the UAE. The group companies are registered and regulated in Belize and Saint Vincent and the Grenadines. In January 2015, Alpari’s UK branch went insolvent after it saw exceptional volatility and extreme lack of liquidity as a result of the EUR/CHF collapse.

Mid-December, Alpari said it has applied, through its Russia-registered unit Alpari Forex, to Alpari. The Central Bank of Russia  (CBR) has granted the first forex broker licens to Finam Forex and another two brokers – TeleTrade andForex Club, are in line to obtain a license in the country.

Source: Alpari

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