Russia-based forex brokerage group Alpari said on Monday it has added e-wallet RBK Money to the deposit payment methods it accepts. Depositors via the new system will be charged a transaction fee of 2.6% of the transferred amount, the broker said in a notice, without providing details.
Deposits via RBK Money can be made in Russian rubles (RUR), data on the broker’s website indicated.
Alpari’s clients can also fund their trading accounts via bank and e-bank transfers, bank cards (Visa/MasterCard, Yandex, VTB24, and One-Click Payment) and e-payment systems (Skrill, Neteller, EasyPay, WebMoney, OKPay, Qiwi, Yandex.Money, Moneta.RU, Beeline, and Kykyryza).
RBK Money, established in 2002 as Rupay, integrates various payment methods, including bank cards, VISA and MasterCard, mobile, and online payments. Users can attach bank cards to their RBK Money e-wallets and use them easily. The system can be used for everyday activities, such paying utilities bills, shopping online, and withdrawing funds to bank cards. It is also used by some forex brokers for deposit and withdrawal payments. RBK Money is used by more than 6.2 million people.
RBK Money is not among the forex market’s top choices for payment systems, but some other brokers also use it, including ProfiForex, Gainsy, and Agea FX.
The Alpari group provides forex, contracts for difference (CFDs), and metals trading services. The group originated in Russia and operates in several different countries. The group consists of the companies Alpari-Broker (Russia), Alpari Ltd (Saint Vincent and the Grenadines), Alpari International Ltd (Mauritius), Alpari Ltd (Belize), and Alpari Forex (Russia). 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. Companies in the group are registered and regulated in Mauritius and Saint Vincent and the Grenadines.
Alpari is a member of the Russian self-regulatory organization Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN). At end-2015, the broker announced it has applied, through its Russia-registered unit Alpari Forex, to obtain a forex broker license in Russia. Following law amendments made last year, Russian forex brokers are no longer allowed to operate without a license from the Central Bank of Russia (CBR) as of 1 January, 2016. However, foreign brokers can still work with Russian investors even without having a local license.