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Monday, 19 October 19:53 (GMT -05:00)



Foreign exchange market

Alpari Eurasia Joins Belarus Association of Financial Market Development


Along with other members of the Association, Alpari Eurasia will continue improving Belarus's forex market in 2019 by creating favorable conditions and introducing innovative products and services within the scope of an improving environment. Special attention is expected to be paid to founding a self-regulatory organization, which is an authority dealing with analysing the quality of the products and services provided by the local forex companies, making recommendations and orders, developing regulatory docs, rules and regulations.
 
Alpari's work is aimed at creating a transparent, efficient, and regulated forex environment in Belarus and other countries Alpari is present in. Alexey Sidorov, chairman of the Association, is sure that Alpari will hep the forex market in Belarus to get to a whole-new level. 
 
Alpari was one of those forex brands who pioneered the regulatory foundation of the Belarusian forex market. It's interesting to note that the CEO of Alpari's official partner and distributor in Minsk was appointed head of the Association's first department created in 2013.
 
The Association cooperated with the Bational Bank of the Republic of Belarus to come up with the standards and regulations for the Belarusian forex industry to secure traders and investors. Since 2016, the market has been officialy regulated, with Alpari Eurasia, which is a part of the Alpari brand, was the first company to be recognized and regulated by the NBRB. 
 
According to Evgeny Novik, when it comes to the Belarusian jurisdiction of the international FX market, this can be called the golden medium since the client is protected, the business has been getting profitable and growing fast, with new jobs created on a regular basis.
 
For now, the Belarusian jurisdiction cannot be called huge. It counts only 11,500 clients but the number has ben growing fast over the last few years. They are also planning to accelerate the process of transfering clients from other jurisdictions, including offshore ones. The thing is that the Belarusian jurisdiction has been getting more and more attractive for local traders and investors and for their peers from the CIS and EU. In 2018 alone, the amount of clients from Ukraine, Kazakhstan, Lithuania and Russia increased by nearly 80%.
 
The attractiveness of the Belarusian forex jurisdiction owes to the multi-level security and safety of client funds, including a backup fund with over 1 million dollars in it, not to mention remote identity verification and tax deductions.
 
At the same time, Alpari is planning to arrange a series of events to improve the population's financial literacy in each and every market the company presents in. including Belarus. At this point, you can go to https://www.alpari.by/ and watch free online courses teaching you the peculiarities of trading financial markets. 
 
At the same time, Alpari has been supporting third-party initiatives and cooperating with Belarusian mass media. At this point, Alpari is one of the most recognized and popular forex brands in Belarus.

 

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