The international financial Alpari brand's trading turnover across key markets over the first half of 2018 amounted to 840.5bn USD, which is 40% higher than the same period in 20171. This achievement was largely the result of the continued growth of our client base and an increase in the activity of traders and investors against the background of the brand’s effective expansion across global markets. The highest growth rates in the company's areas of operation were recorded in the countries of Southeast Asia and Latin America.
"In the first half of 2018, we continued our successful international development. Today, Alpari has a leading position in many of the markets in which it operates. We reached our all-time highest trading turnover thanks to the growth of our client base. In the second quarter of 2018, we passed the milestone of two million clients. This is undoubtedly the result of the brand's well-thought-out strategic development, reliability, and the availability of innovative technologies and attractive trading conditions for customers." - Andrey Dashin owner of the international financial Alpari brand.
During the first half of the year, EURUSD, retaining its spot as the most popular currency pair for Alpari customers across the world, was up 56% compared to the same period last year. The trading volume for the second most popular currency pair, GBPUSD, grew by 63%.
Alpari's clients continue to show an unwavering interest in trading gold, which is why the trading turnover on the XAUUSD pair continues to grow steadily.
Our PAMM account and PAMM portfolio investment services saw positive results. The average monthly trading turnover of the PAMM service amounted to more than 25.3bn USD, which is 54.7% higher than the corresponding figures for the first half of last year. The number of active investors using our PAMM service at the beginning of July 2018 was 24 thousand people.
Important changes took place in Alpari's top management in the first half of 2018. Vladimir Verbitsky was appointed to the position of Chief Executive Officer (CEO). In addition, Olga Rybalkina returned to an active management role with Alpari after being named to the post of Managing Partner. Alpari's key objectives include the further strengthening of the business in international markets where it has a presence, the growth of operational performance indicators, and the preparation and implementation of an effective development strategy in new key markets for the brand. Moreover, Alpari plans to launch operations in Latvia in the third quarter of 2018.
Alpari's mobile apps continue to grow in popularity around the world. During the first half of the year, the number of traders and investors using Alpari Invest, Alpari Options, and Alpari Mobile for working on financial markets increased by 150 thousand, exceeding 550 thousand people. During the reference period, one of the most influential releases was the launch of the latest version of the Alpari Mobile app. We expanded the app’s functionality, made significant changes in terms of navigation, and greatly reduced and simplified the time it takes to go from installation to trading on the Forex market.
- ↑Trading turnover is the key performance indicator for measuring a company’s effectiveness in the Forex industry. It’s a reflection of the total monetary value of all trades performed during the reference period, including all margin trades and trades opened with leverage.