Dislikedhttp://forexmagnates.com/alpari-uk-s...e-etx-capital/ Seems to me that all Al Pari clients, including ones with the negative balance, are sold to ETX Capital. Not sure does this change anything though...Ignored
Brokers with Negative Balance Protection 41 replies
Brokers that liquidate accounts at zero before negative balance occurs 22 replies
When would chasing a trade be worth it to you? 17 replies
What brokers would you want to use if you had 100k + million + account? 6 replies
Can someone answer question about Brokers chasing stops? 7 replies
Dislikedhttp://forexmagnates.com/alpari-uk-s...e-etx-capital/ Seems to me that all Al Pari clients, including ones with the negative balance, are sold to ETX Capital. Not sure does this change anything though...Ignored
DislikedWhilst I do appreciate the advice...I don't think that approach will put me in any more favourable position than I am now. I am facing complete ruin for myself and my family. There is nowhere to turn to. FOS can only try to help with up to 150k. FCA don't care about individuals...and lawyers will cost a fortune anyway. If anyone has strong legal arguments or cases from the past that can help....then it would be much appreciated.Ignored
Disliked{quote} Your case is not clear! Are you asking for money from the broker or is it the opposite way?! Who's the complainant who's the defendant?! My advice was according to the subject of broker after negative balances so you must be the defendant, in that case no option but wait for legal accuse NOT threatens of legal path by broker!! Not sure how FOS can help in 150K when FCA max. coverage per account is 80K Explain your case better!Ignored
DislikedUK based....but IG centralised everything and so clients across the world with IG Index got the same treatment. Some people got closed at stops.....some didn't. Some people could close their position on the platform, some couldn't. Some stops at 1.19xx got closed, yet some stops at 1.2000 didn't. Absolutely ridiculous way of handling the situation and what's more annoying is how they are chasing balances when it was not completely the fault of clients.Ignored
Disliked1.1945 - some filled and some not Don't know how.... Are you an IG customer too?Ignored
Disliked{quote} Alpari here. Well,there is only one logic they can give for this i.e. your order was in a queue. Hence all orders could not be filled as the prices moved very fast.That is their only alibi. For starters contact the fca and financial ombudsman. I too was caught with a massive slippage but still have a positive balance atm. However alpari admin are looking at the closing prices which has me worried. one of my order was closed in the 1.19 range while the other at 1.10 even though the stop loss was placed at the same price.Ignored
Disliked{quote} Alpari's range was, as far as I know, from 1.199x to 0.98xx. However, they said the other day they are unlikely to change it. But you never know. Some people say that ICC have started sending emails asking to cover the negative balance. Has anybody received anything?Ignored
DislikedIf they are not regulated in the UK......you need to check with a lawyer if they can chase you for negative balances. In the UK spreadbetting comes under the FCA hat and losses are enforceable under S412 of the FSMA. If not FCA regulated I assume they can't chase you under those rules and will have to rely just on their T&C ?Ignored
Dislikedhttp://www.legislation.gov.uk/ukpga/2000/8/section/412 Effectively says not in exact words....spreadbetting contracts ARE enforceableIgnored
DislikedNot with FXCM. It is FXCM's policy to credit accounts to a zero balance when debit balances occur as a result of trading. One of the greatest concerns traders have about leverage is that a sizable loss could result in owing money to their broker. At FXCM, your maximum risk of loss is limited by the amount in your account. All accounts are tracked by our "Margin Watcher" feature. With the Margin Watcher feature, if account equity falls below margin requirements, the FXCM Trading Station will trigger an order to close all open positions. Why FXCM...Ignored
DislikedAll are lying crooks. Thank god I was done with them when they got listed.Ignored