Press Trust of India / Mumbai Jun 10, 2009, 15:50 IST
Foreign exchange trading services provider, Alpari today launched its Indian operations by offering its forex trading platform for institutional and retail customers.
The company, which will initially operate from Mumbai, has targeted to acquire at least 1,000 clients in the next six months, Alpari's Head of Global Sales, Andreas Wigstrom told reporters here.
"Alpari India will create a new investment medium, provide an institution level trading experience for retail investors and present hedging opportunities for the corporates at a lower cost," Wigstrom said.
Indian forex market has grown from $2 billion in April 1998 to over $34 billion by April 2007 and is expected to grow at a faster pace in the period ahead, he said.
Globally, forex market has a daily turn over of $3.8 trillion currently, which is expected to surpass $5 trillion by 2010, Wigstrom said.
Alpari has targeted an annual volume in excess of $3.5 billion in the retail investor segment and plans to open new offices in Japan, Singapore, Hong Kong, Germany, France, Canada, British Columbia, Brazil and Mexico in the coming days, he said.
The company has also plans to offer free training to customers to help investors make informed and responsible trading decisions.
At present, Alpari group has 26 offices in seven countries and has around 300 employees worldwide.
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RBI & Indian government needs to open up Indian markets & allow Indians to trade in other markets & vice versa. RBI has failed miserably & that should be very obvious with the inflation that they simply CAN'T control the markets nor can anyone else but these guys in the government just love their power & dictatorial attitude towards people. People should be to invest their money however & wherever they want, after all its THEIR money, government does NOT own them.
HI, Forex market is continually being targeted by RBI, first they made credit cards a problem now banks have an official outlaw of fx funds abroad.. the good side is that now futures are increasing in volume. in relation to the item about alpari i think the ceo - pramit is involved in a company called krish commodities with mr suresh. not sure why this is happening but it is breaching sebi and fsa rules on client confidentiality
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Dear Sir/Madams,
This is to inform that what has been written here is absolutely incorrect and untruthful and has been aimed to malign the image of a company that is working in a law-abiding and regulatory compliant environment. Let me put the following things on record:
a) RBI has never questioned Alpari India's activities and the company has all the necessary compliance permissions to do the business in India.
b) Mr. Pramit Brahmbhatt, CEO, Alpari India neither owns and nor is associated with any other entity in India except Alpari.
c) Interbank FX is not related with Alpari India or Pramit Brahmbhatt in any ways.
If there are any queries for anyone to be addressed, I will be happy address. Please do write to me on mediarelations@alpari.co.in
Best regards,
Monjit Gogoi
Head ? Marketing,
Alpari India
alpari forex in india was raided by RBI, they are currently under investigation. mr pramit bramhbatt also has a company in gujrat where he transfer most of the alpari business. dont be surprised if you get a call from interbank fx from UK apparently mr pramit is there IB.
rbi has released stricter regulation and i think people should be educated about the problems. i am an IB for many large brokerages namely tradenextglobal dot com my email raviforex123@yahoo.co.uk
Hi, all I am new to forex. i want details for indian people invest forex trading it's possible and legal?????
If you have any proof from RBI. Please any one give me the details.....
Thank you
Ravi
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Posted by: amit patil
September 27 , 2010, 16:06 IST
hi
i am also forex professional
i am portfolio manager
nice to meet on scrap mail me i am waitting for u
Posted by: abbas
May 19 , 2010, 11:32 IST
Sir, I would like to learn forex trading, can you train me? Pls send details.
FSA fines Alpari and its former money laundering reporting officer, Sudipto Chattopadhyay for anti-money laundering failings
05 May
The Financial Services Authority (FSA) has imposed a financial penalty of ?140,000 on Alpari (UK) Ltd (Alpari), an online provider of foreign exchange services for speculative trading, for failing to have in place adequate anti-money laundering systems and controls. Its former money laundering reporting officer (MLRO), Sudipto Chattopadhyay, has also received a financial penalty of ?14,000.
[Read more]
Posted by: amit patil
September 27 , 2010, 16:00 IST
hi ravi
u r good in forex knowledge u have lot of know about alpari money loundring mail me about
give me u r mail id
I am new to forex trading, but have completed reading 2 books on these forex trading, and watched demo for few days, looking for good freinds in bangalore who could help me for the training and starting trading contact number 9845933868
hi,first u deposit ur amount in canara bank/ubi.u can send ur funds to iforex/fxcm through ur visa/master debit card within fraction of seconds.u can start trading immediately.plz contact 9790683422.i am frm tamil nadu,tirupur dt.
I want to open a forex traing account with 10000 USD Kindly help me how to open an account.
Posted by: Jerald Sudhakar
March 29 , 2010, 07:24 IST
Dear Bhabani !
Nice to see that u have come forward to invest in Forex market.Basically i reside in Chennai and i am also into forex services.I normally do trading in a small scale.May be if you are willing to invest i can work for you on a partnership basis.Kindly let me know.Do call me at 09043370090.Regards,Jerald
i want to open a forex traing account with 200000 USD
Kinly help me how to open an account.
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November 05 , 2011, 23:58 IST
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Posted by: ANWAR
March 03 , 2010, 12:54 IST
we are providing forex trading facility to indian individuals,
pls contact my mail
I have heard that Forex Trading is illegal in India.
Can you explain how can alpari run their business in india if its is illegeal.
I know a broker which gives $500 bonus on $500 deposit and is also registered in NFA, Finra, Russian Fed & Swiss ML FED.
But just i want to know that can u trade from india i am here.
Please reply because the bonus is for limited time only.
Posted by: Mr.P.S.Chaudhari
April 04 , 2010, 23:52 IST
Sir pls.tell me about ALPARI. I want to invest At least 100000 Rs.what is my benifit with investing Rs.100000.
Posted by: lanu
January 18 , 2010, 08:32 IST
Right Sameer, I had been also curious to know about legal issues of forex trading in India. Why experts are not revealing the detailed facts? Neither written clearly anywhere whether legal or not.
Requests to financial experts, please let us know the fact.
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Posted by: Anwar
March 22 , 2010, 12:37 IST
mr sajmon
we are providing forex trading platform for resident indians, our office is in bangalore, but once you register, u can trade from anywhere online
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Posted by: Srinivas.P.Kulali
February 28 , 2010, 21:40 IST
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Posted by: Gnana
December 08 , 2009, 13:02 IST
Hi, friend I am also from Coimbatore. Now I am doing practice for self trading.(forex trading) I feel Its very easy. I will let u know after I get complete knowledge and get success.
Am a seasoned banker with a rich and extensive experience of more than 14 years.
Would like to know whether there are any current openings with Alpari , as I wish to apply for the same.
Thanks and Regards
Dinaz
Posted by: Prathap
January 05 , 2010, 01:07 IST
Hi Dinaz,
please have a look at this opening - http://www.clickindia.com/detail.php?id=3396079. If you are interested, please get back to me asap.
Posted by: alex
October 06 , 2009, 21:52 IST
hello sir u can open ur account wit alpari u can contact me for further info through mail id- alex_christ007@yahoo.com i used t omanage accounts so ican help u to manage ur account and make to earn gud profits
Posted by: Manmohan
June 16 , 2009, 10:58 IST
Please send in your cv to manmohan.taneja@s2infotech.com
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