When you do get your money to your etx account, withdraw what you can and then close your account.

No you shouldn't. You were given the choice on the portal between etx and fscs. If you chose etx then any money payouts will go to your etx account, not to your bank account. That's what I was lead to believe back when we had to choose.

I have recieved the "a payment has been made to your account" email, from KPMG the day AFTER the payment landed in my account. So don't necessarily expect the email to arrive before the money.

People currently getting paid are all in the second tranche

Cudeiro, look at the join date of my FF account - 2007. If I say I got paid, I got paid. I've been a member on this forum for years and didn't create this account just for the Alpari thread. I also have been waiting since January to get my money ...

No they did not email me beforehand. I just checked my bank account after seeing people post here that they got paid and it was there. I just checked my email account, no emails from fscs or kpmg.

You treat your trading "as a business". Most people do not.

So it took them about 5 months 16 days to pay. I'll keep this in mind for the future. I never recieved ANY emails from FSCS about payment. Their communication sucks, but at least they paid.

Folks, I am in the UK and just got paid in full from FSCS today. Lost £100 in the conversion fees etc but I can live with it. Finally this saga is over for me PHEW!

FSCS has to do a thing called Know Your Customer (KYC) account verification. The money for a person must only be sent back to an account under the same name of the person to stop one entity from transferring dirty cash to another persons account to ...

Don't worry it will only be 2 weeks maximum. I have faith video

KPMG will want to drag this out for as long as possible so they can make as much money as possible. But the FSCS is a government department and doesn't make any money from dragging things out.

On the plus side, in the time I've been waiting for my money, I've managed to trade my way back to the same amount and withdraw it But it would still be nice to get what I am owed from this fiasco. Just glad I started trading again and ...

Nope, still waiting for the second tranche payout from the FSCS

This reminds me of the 1980's film "The money pit". Every time Tom Hanks asks the builders when the house will be finished the reply is always "2 weeks!" All we can do is wait unfortunately...

I had to write this post in a hurry. I didn't mean to sound rude. Sorry I don't have time to edit it better right now. My advice: 1. Firstly if its a "small" negative account balance, pay it off and then CLOSE your account with them. 2. NEVER trade ...

.55 on the dollar means for every dollar you are owed you will get .55c in this first payment if you went with the kpmg option. So that means 55% of your total amount owed will be paid by kpmg in their first payout to clients. But, again that's if ...

Nope, nothing yet, no money or emails about being paid. Nada.

There's a new update on the kpmg updates page today for those who decided to go with kpmg but no mention of the fscs second tranch in it.

Not yet. UK companies and banks don't open until tomorrow. Hopefully we will see something happen this week