Alpari Group is a binary options , foreign exchange , precious metals, and CFD broker that has a record of insolvency and regulatory difficulties.

The company's UK entity entered insolvency on January 19, , following heavy losses trading the Swiss franc against the euro. The company's charter is registered in Saint Vincent and the Grenadines.

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Andrey Valerievich Dashin claims ownership of both Alpari and another foreign exchange broker FXTM also known as ForexTime. The company was established in Kazan , Russia , in by Daniel Skowronski, who became the first CEO, and Andrey Vedikhin, Andrey Dashin and Gleb Petrov.

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Alpari UK was founded in It was regulated by the Financial Conduct Authority in September The company opened and closed several branches in other countries. Cyprus office opened in and the CySEC license was acquired that year and renounced in December That office closed in February On January 16, , Alpari has entered insolvency following heavy losses the previous day when the Swiss National Bank removed the franc 's ceiling against the euro.

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 [15] [ need quotation to verify ]. Additionally, it is an associated member of NAFD National Association of Forex Dealers , a self-regulatory organization created by Forex brokers.

According to the Finmarket information agency, in , Alpari became a top Russian Forex dealer, based on the number of clients and average monthly turnover. The company has , active clients or a The second-largest company is Forex Club, with its 7, clients and a Alpari US Llc was established in From Wikipedia, the free encyclopedia. Retrieved March 6, Retrieved 14 April National Bank of the Republic of Belarus.

Retrieved March 9, International Financial Services Commission of Belize. Financial Services Commission, Mauritius. Central Bank of Russia.

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