Brokers News 

KPMG files notice of Alpari moving from administration to dissolution

“The final progress report was issued following the receipt of the Court Order regarding closure of the special administration” reports financefeeds.com. All matters within the special administration have now been dealt with and the JSAs have applied to cancel the FCA registration of Alpari (UK).During the special administration, the JSAs have paid and declared two client dividends totalling 82.0 cents in the $. Source: financefeeds.com Share This:

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Brokers News 

Final report into Alpari administration is out, agreed final client balances total $95.8m

“The final progress report is issued following the receipt of the Court Order regarding closure of the special administration” reports financefeeds.com. The Joint Special Administrators of KPMG have earlier today posted their final progress report into the administration of now-defunct retail FX broker Alpari (UK).Any information and circulars issued to clients and creditors during the special administration can be found at http://www.kpmg.com/uk/alpari.All matters within the special administration have now been dealt with and the JSAs have applied to cancel the FCA registration of Alpari (UK). Source: financefeeds.com Share This:

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Brokers News 

Exclusive: Alpari and FXTM’s Andrey Dashin Prefers Organic Growth to M&A

“Andrey Dashin, founder of Alpari and FXTM and one of the early pioneers of the industry, shared with Finance Magnates that he prefers organic growth” writes Evan Tzivanakis for financemagnates.com. What has supported the growth of FXTM is understanding the need for both localization and showing commitment towards developing long-term relationships with partners and traders.An FCA license will open up a number of new opportunities for the brand and ensure the continued growth and success of FXTM on the target markets. Source: financemagnates.com Share This:

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Brokers Crypto News 

Alpari, Biggest FX Brokerage in Russia, Launches Bitcoin Trading

“Only earlier today we reported that Tel Aviv-based Panda Trading Systems, known for its binary options, FX and CFD brokerage solutions, has now started offering CFD trading on seven cryptocurrencies on all of its platforms, as well as a complete cryptocurrency brokerage solution” reports financemagnates.com. The international brand Alpari announced to its Russian speaking clients today that it has added two new Bitcoin trading instruments: CFDs (contracts for difference) on the BTC/USD and BTC/EUR pairs.Alpari is the biggest online brokerage in Russia and one of the top trendsetters in the industry as…

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Brokers News 

Alpari UK Final Client Money Distribution Totals 0.82 Cents on the Dollar

“Joint special administrators declared a further round of distribution of $0.27 cents to the USD with previously agreed client money claims” reports financemagnates.com. Clients will be notified via email by June 2, 2017, whereby confirming that a final client money distribution has been made.In addition, KPMG’s Joint Special Administrators had not issued the first client money distribution to clients with an amount of $200 or less. Source: financemagnates.com Share This:

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Brokers News 

Alpari starts accepting payments via UK-registered Al Accept Solutions, controlled by Dashin

“Effective March 23, 2017, Alpari has changed several of its documents so that acceptance of payments made by company clients is possible via UK-based Al Accept Solutions Limited” reports financefeeds.com. The list of initial shareholders of Al Accept Solutions include: More interestingly, the company has one person with significant control (PSC) – Andrey Dashin, as per Confirmation Statement made in October 2016.The nature of business of Alpari Research & Analysis Limited is officially described as “market research and public opinion polling”, whereas the company has the same address as Al…

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Brokers News 

Alpari Trading Volumes Pick Up as Russian Regulation Set to Kick In

“Overall, Alpari reports to have registered a broad based increase in trading volumes across a multitude of instruments” reports financemagnates.com. Alpari just reported on the outcome of the first two months of 2017 in terms of trading volumes.Alpari is bucking the industry trend of declining trading volumes across all major brokerages that reported their figures.Alpari reports that its total trading volume for the first two months of the year amounted to $185.2 billion. Source: financemagnates.com Share This:

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