LONDON, July 24, 2015 /PRNewswire/ --
Just five months after ETX Capital's purchase of the client list of Alpari (UK) from the Joint Special Administrators, the deal has already proved to be a significant success for both the company and the former Alpari clients.
"This was always about giving Alpari clients a positive outcome after a very difficult period," said Andrew Edwards, CEO of ETX Capital. "They had a choice to stay with the normal administration process or opt in to having their funds transferred to ETX Capital and get early access to certain benefits that they would otherwise not have had."
"These benefits included the ability to receive up to 30% of their expected balance as an advance, the chance to convert their funds (released in USD) to the currency of their choice at market rates, and spread rebates during their first month of trading. Add in the possibility of receiving a first deposit bonus for newly deposited funds, and it's easy to see why so many former Alpari clients are now trading with ETX Capital."
"There's been a very positive response from ex-Alpari clients looking to take us up on our offer," said Edwards. "We now have thousands of former Alpari clients trading with us, with many of those opting to keep their released funds in their ETX Capital accounts rather than withdrawing them."
"This is the second transaction of this kind that ETX Capital has managed to execute and we hope to be in a position to find other opportunities to further grow our customer base," said John Wilson, Chairman of ETX Capital.
In 2013 ETX Capital successfully acquired the customer base of Shelbourne markets, the second largest CFD provider in Ireland.
Notes to editors:
ETX Capital, an FCA regulated global financial services firm, provides retail, institutional and high net worth customers with multi-asset and multi-market trading capability through a number of products including financial spread betting, leveraged Forex, CFD and Binary trading. The firm uses cutting edge technology and delivers unrivalled levels of customer support from knowledgeable staff and with the utmost client confidentiality.
Risk Warning: Leveraged products are not appropriate for everyone. It is possible for you to lose your account balance. Do not trade with funds you cannot afford to lose and seek advice if you do not understand the risks.
SOURCE ETX Capital