Alpari Group


Alpari Group is a foreign exchange, precious metals, and contract for difference broker that has a record of insolvency and regulatory difficulties. The company's UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against the euro. In April 2015, the company's US NFA membership was revoked, preventing them from offering their services in the United States.
The company is licensed to trade in:
The company's charter is registered in Saint Vincent and the Grenadines. Alpari Research & Analysis Limited, which gives a London address, provides only research and analysis and is not licensed to trade.
Andrey Valerievich Dashin owns both Alpari and another foreign exchange broker FXTM also known as ForexTime.

History

The company was established in Kazan, Russia, in 1998. In 2000, Alpari began expanding internationally.

United Kingdom

Alpari was founded in 2004. It was regulated by the Financial Conduct Authority in September 2006. The company opened and closed several branches in other countries. Cyprus office opened in 2010 and the CySEC license was acquired that year and renounced in December 2012. That office closed in February 2013. Alpari entered Indian market in 2008 and left India in March 2014. For UK residents, the company also offered financial spread betting on Forex and indices.
On January 16, 2015, Alpari has entered insolvency following heavy losses the previous day when the Swiss National Bank removed the franc's ceiling against the euro. On January 19, Alpari Ltd. applied for formal insolvency and the English High Court appointed a special administrators from KPMG under Special Administration Regime.

Russia

Alpari-Broker Ltd. 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 an associated member of NAFD, a self-regulatory organization created by Forex brokers. Since March 2017, Alpari is a member of AFD — the only SRO accredited by the Russian central bank.
According to the Finmarket information agency, in 2014, Alpari became a top Russian Forex dealer, based on the number of clients and average monthly turnover. The company has 120,000 active clients or a 28.35% market share. The second-largest company is Forex Club, with its 7,183 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 and removed in April 2015.

The Alpari Charitable Fund

The Alpari Charitable Fund was founded in 2005 by Andrey Dashin with the goal of helping children from the Republic of Tatarstan to reach their full potential regardless of their socio-economic background or mental and physical disabilities.
In 2018, the Alpari Charitable Fund provided a total of 29.4 million rubles in of support to residents of Tatarstan.
In the first half of 2019, a total of 24.9 million rubles was provided in support to beneficiaries in Tatarstan.