Alpari Group

Alpari Group is a multinational foreign exchange, precious metals and CFD broker with headquarters in several countries. The company's UK entity entered insolvency on January 19, 2015, following heavy losses trading the Swiss franc against the euro.
The company is licensed to trade in:
Belarus
Saint Vincent and the Grenadines
Headquarters
The brand’s headquarters are located in Comoros. Alpari (Comoros) LTD is registered in Fomboni, Island of Mohéli, Comoros Union, number HY00423015 and licensed by the Mwali International Services Authority, Island of Mohéli as an International Brokerage and Clearing House under License number T2023236.
History
The company was established in Kazan, Russia, in 1998. However, it wasn't until 2002 that Alpari began expanding internationally by making its website available in English.
United Kingdom
Alpari (UK) was founded in 2004. It was regulated by the Financial Services Authority in September 2006. The company opened and closed several branches in other countries. Alpari UK Ltd was fined £140,000 for anti-money laundering failings by the FSA in 2010. The firm's former money laundering reporting officer, Sudipto Chattopadhyay, was also fined £14,000. 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 (UK) 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 (UK) 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 was 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 was an associated member of NAFD (National Association of Forex Dealers), a self-regulatory organization created by Forex brokers. Since March 2017, Alpari is a member of AFD (Association of Forex Dealers) — the only SRO accredited by the Russian central bank.
On December 27, 2017, the Central Bank of Russia revoked Alpari's license (along with the license of four other FX brokers), effectively ordering it to stop its Russian operation by January 27, 2018.
United States
Alpari US LLC was established in 2006. It had its NFA membership approved in November 2007 and removed in April 2015. In April 2015, the company's US NFA membership was revoked, preventing them from offering their services in the United States.
India
In September 2022, the Reserve Bank of India (RBI), India's central bank, released a list of 34 forex trading online platforms, in which Alpari was also listed as illegal in India.
Services
The Alpari brand is present globally in 165 countries. Alpari specialises in using innovative financial tools and technical solutions to provide convenient and accessible online trading and investment services.
Alpari has a long history in Forex trading - with a peak trading volume of USD 2.5 trillion in a single year. The company offers experience-based trading accounts for beginners to seasoned professionals - including ecn.mt4, standard.mt4, standard.mt5 and ecn.mt5.
The brand focuses on efficiency by perfecting enabling technological advances such as its analytics tool, Autochartist. The brand has developed three trading and investment applications and continues to strive to create new systems that optimize trading efficiency. Alpari developed and introduced PAMM accounts to the financial markets in 2008, which has become an internationally recognized product.
Alpari currently has a user base of 2 million, making it one of the largest Forex brokers in the world.
Regulations and licensing
Alpari is incorporated under registered number 20389 IBC 2012 by the Registrar of International Business Companies, registered by the Financial Services Authority of Saint Vincent and the Grenadines, and is a member of The Financial Commission - an international organization engaged in the resolution of disputes within the financial services industry in the Forex market.
Founders
The company was established by Andre Dashin, Chairman of the Board of Directors. Andrey Valerievich Dashin owns both Alpari and another foreign exchange broker FXTM, also known as ForexTime.
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.
References
Financial services companies established in 1998
Foreign exchange companies
Financial derivative trading companies
Online brokerages
Defunct financial services companies