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. https://www.investopedia.com/articles/forex/11/why-trade-forex.asp 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. 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.
- We understand that the lower the spread, the better the deal for you.
- 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.
- As per FCMC regulations, the registration process for Latvian partners has been altered.
- In September 2022, the Reserve Bank of India , India’s central bank, released a list of 34 forex trading online platforms, in which Alpari was also listed as illegal in India.
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 In April 2015, the company’s US NFA membership was revoked, preventing them from offering their services in the United States. In case of no trading activity, or if any form of abuse is found relating to the reimbursement policy, International reserves the right to reclaim any reimbursement fees.
Market Reviews
Remember, in the event of decreased liquidity in the market, we may switch trading on low-liquidity instruments to “Close Only”or close all trading on these instruments. Your funds are completely safe and secure with Forex news International as these are segregated in bank account. 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. 17Micro Accounts offer a fixed leverage which is based on your experience and knowledge and can be changed within your MyAlpari.
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Forex Trading Account Comparison
International offers an array of live trading accounts to choose from. Each one offers the investor different opportunities, and allows you to trade in different ways. Browse the specifications of our Standard, Micro, Pro and ECN Accounts to find your best fit. Whether you’re new to the forex market, or have built up a wealth of trading experience, our account selection provides you with the opportunity to explore the forex market in the most suitable way.
11 Please note that margin requirements may vary between symbols and servers. For further information please refer to the Leverage and Margin Requirements section. As per FCMC regulations, the registration process for Latvian partners has been altered. Partners residing in Latvia are now required to be exclusive Tied Agents. For clarification or questions about this requirement, please contact us via email or live chat. DotBig vs Alpari comparison was among the first to offer MetaTrader, which has since become the most popular trading platform in the world.