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Trades cancelled with broker

  • #101
  • Jul 5, 2011 4:17am Jul 5, 2011 4:17am
Quoting lorbax
I am writing to you, community of ForexFactory, with my total disappointment and astonishment about the recent issues happened to me with Alpari UK.
My apologies for my english, I hope it will be clear.
I would like to inform you that all the facts happened ALSO to my two colleagues I work with, with the same exact details, same exact problems.

I have been trading with Alpari UK for a year now,I have a classic account (market maker): everything clear and good till the beginning of this month, when I started making quite unexpected...

Move to Oanda?
  • #102
  • Jul 5, 2011 4:18am Jul 5, 2011 4:18am
Quoting yaed
Yeah and still they are one of the better ones! Sheesh gives me the creeps knowing how far down the gutter drain humanity has fallen.
yeah exactly ?!! u want your broker to refund you if your stop was taken by an error price and you will cry on forums and FPA website but if u made some profits from error prices you dont want to give the money back ! what a jerk i think u r a complete a***h*** , thats a strong proof that the vouchers system doesnt mean anything , u have what 7 vouchers and u dont know what an error price is ?!! its ok to take advantage of error prices and to withdraw your profits but if you got caught dont come here crying , do you think i am born yesterday he suddenly made 10K points on the Dax with one contract ( or 2000 points with 5 contracts ) ?!!
  • #103
  • Jul 5, 2011 4:18am Jul 5, 2011 4:18am
Quoting StephanusR
Move to Oanda?
Yes ok but in the meantime I have 25k € which are disappeared!
Lorenzo
  • #104
  • Jul 5, 2011 4:24am Jul 5, 2011 4:24am
And .... second account flatten down as well...



2011.07.05 10:37
Indemnification
-22 230.00€


Very good!
Lorenzo
  • #105
  • Jul 5, 2011 5:21am Jul 5, 2011 5:21am
Quoting tar
yeah exactly ?!! u want your broker to refund you if your stop was taken by an error price and you will cry on forums and FPA website but if u made some profits from error prices you dont want to give the money back ! what a jerk i think u r a complete a***h*** , thats a strong proof that the vouchers system doesnt mean anything , u have what 7 vouchers and u dont know what an error price is ?!! its ok to take advantage of error prices and to withdraw your profits but if you got caught dont come here crying , do you think i am born yesterday he...
Public forums...

Ive said my piece.
My signature is: "Classified".
  • #106
  • Edited 6:33am Jul 5, 2011 5:56am | Edited 6:33am
Quoting tar
yeah exactly ?!! u want your broker to refund you if your stop was taken by an error price and you will cry on forums and FPA website but if u made some profits from error prices you dont want to give the money back ! what a jerk i think u r a complete a***h*** , thats a strong proof that the vouchers system doesnt mean anything , u have what 7 vouchers and u dont know what an error price is ?!! its ok to take advantage of error prices and to withdraw your profits but if you got caught dont come here crying , do you think i am born yesterday he...
get over it Tar,

I made about 24k starting with 1 trade with 0,50 lots, and increasing .... up to 5 lots, yes ... and so ?? is that illegal ? most of them were made close to news or high volatility (wall street opening or greece annoucements) .... but once again, I don't need to justify anything!

I don't want to argue on those trades with prices extremely different, there is one which is 65 points different, ok, maybe there was a lag, but I was watching the SP500 chart and it was going down, and I opened a short on the DAX ... how I am supposed to know that the price is incorrect ??
but ok, we can get rid of that.....

but how the hell you can consider a "manifest error" a quotation that only differs from 1 to 5 points, come on, it happens in a fraction of second sometimes.....

Every price is then possibly judged as "manifestly incorrect" and cancelled ? do you know how many times on the forex quoted prices are different from the ECN circuit ??? ...so everytime they are allowed to delete my trades because they don't want to pay my profits ?????

Do you honestly believe that if my trades made losses in total, they would cancel the trades ???? BE REALISTIC !!!
Lorenzo
  • #107
  • Edited 7:01am Jul 5, 2011 6:43am | Edited 7:01am
can someone please explain to me..how error price can happen in forex or is trading some other type of instrument causing this..

am confused as to how an error price is possible..

u press sell or buy and someone simultaneously does the opposite and trade happens..based on this, how is it possible to have error in price..

this makes no sense to me..and i have 17k with alpari and now im worried
  • #108
  • Jul 5, 2011 6:48am Jul 5, 2011 6:48am
Quoting nAVIN2007
can someone please explain to me..error price can happen in forex or is trading some other type of instrument..

am confused as to how an error price is possible..

u press sell or buy and someone simultaneously does the opposite and trade happens..based on this, how is it possible to have error in price..

this makes no sense to me..and i have 17k with alpari and now im worried
I guess you're well more experienced than me, so thank you for your support !

I honestly think we shouldn't allow this scammers to get a single pip more from us, it's time to move one, other more transparent brokers exist ...

At your place, I wouldn't wait much to close the account and open a new one in australia.

I also would like to ask if someone feels like opening a "CLASS ACTION" against Alpari.... the problem I encountered may also occur to any other client! Who is possibly interested ?
Lorenzo
  • #109
  • Jul 5, 2011 7:00am Jul 5, 2011 7:00am
Quoting lorbax
I guess you're well more experienced than me, so thank you for your support !

I honestly think we shouldn't allow this scammers to get a single pip more from us, it's time to move one, other more transparent brokers exist ...

At your place, I wouldn't wait much to close the account and open a new one in australia.

I also would like to ask if someone feels like opening a "CLASS ACTION" against Alpari.... the problem I encountered may also occur to any other client! Who is possibly interested ?

i need to ask them to explain this to u bro..cause im honestly completey confused..take them to court or something!!

u have my support..u need answers
  • #110
  • Jul 5, 2011 7:07am Jul 5, 2011 7:07am
Quoting nAVIN2007
i need to ask them to explain this to u bro..cause im honestly completey confused..take them to court or something!!

u have my support..u need answers
They gave me their reasons but I think they are not acceptable.
I am already in contact with the Financial Ombudsman Service and a professional legal adviser.
Lorenzo
  • #111
  • Jul 5, 2011 7:54am Jul 5, 2011 7:54am
Hello everyone
I am Lucio, one of the two Lorbax's colleagues.

As he previously stated, the issues with Alpari also affected my accounts.
Here are the screenshot so you can see that yourself.

I am absolutely disgusted of the conduct taken by Alpari, and we are now proceeding with the FOS and a legal adviser.

This is a pure scam!
Attached Image (click to enlarge)
Click to Enlarge Name: conto2.jpg Size: 69 KB
Attached Image
  • #112
  • Jul 5, 2011 10:26am Jul 5, 2011 10:26am
any chance, you can verify your account on Myfxbook?

It would really help for validation.
  • #113
  • Jul 5, 2011 10:37am Jul 5, 2011 10:37am
Quoting Ipndasno
any chance, you can verify your account on Myfxbook?

It would really help for validation.

I can, but I don't know how to.
I have no problem for that, I'll might use fxstat that I know how to validate.

One question, what would it really help for sorry ?
It's not a rhetorical question, I am just asking. thanks
Lorenzo
  • #114
  • Jul 5, 2011 12:41pm Jul 5, 2011 12:41pm
Quoting lorbax
I can, but I don't know how to.
I have no problem for that, I'll might use fxstat that I know how to validate.

One question, what would it really help for sorry ?
It's not a rhetorical question, I am just asking. thanks
Verify
-
http://www.myfxbook.com/help#help_34

http://www.myfxbook.com/help#help_35

Once you verify the account, we know that it is authentic.

The process is quick and easy.

screen shots are pointless in this digital age, but a picture does describe a 1000 words. I hope this matter is resolved.
  • #115
  • Jul 5, 2011 12:49pm Jul 5, 2011 12:49pm
I do not see the point of all this commotion especially when you did not post the specific trades to verify. If the prices of your trades were erroneous (delayed or inaccurate by a wide margin) then they get wiped out or cancelled whether you have gains or losses. This happens all the time in FX from price feed spikes. The Alpari Group has a detailed terms of business agreement which supports this which every client signs when opening an account with them. It would appear to me that you do not have a valid case.
  • #116
  • Jul 5, 2011 1:12pm Jul 5, 2011 1:12pm
Quoting Drewfired
I do not see the point of all this commotion especially when you did not post the specific trades to verify. If the prices of your trades were erroneous (delayed or inaccurate by a wide margin) then they get wiped out or cancelled whether you have gains or losses. This happens all the time in FX from price feed spikes. The Alpari Group has a detailed terms of business agreement which supports this which every client signs when opening an account with them. It would appear to me that you do not have a valid case.
Yes, Mr.10 posts .....sure....
Lorenzo
  • #117
  • Jul 5, 2011 1:54pm Jul 5, 2011 1:54pm
Quoting Ipndasno
Verify
-
http://www.myfxbook.com/help#help_34

http://www.myfxbook.com/help#help_35

Once you verify the account, we know that it is authentic.

The process is quick and easy.

screen shots are pointless in this digital age, but a picture does describe a 1000 words. I hope this matter is resolved.
Sorry then, I cannot verify the account in that way because "Trading is not allowed" and so I cannot open a trade.

I will do it with fxstat and it verifies it.
Here there problem is not verifying my trades though, the problem is verifying why they are cancelling them all!

But anyway, for transparency I will do it asap.
have a good evening
Lorenzo
  • #118
  • Jul 5, 2011 2:06pm Jul 5, 2011 2:06pm
So whats your attorney saying about all this?
  • #119
  • Edited 3:30pm Jul 5, 2011 2:18pm | Edited 3:30pm
Quoting lorbax
Sorry then, I cannot verify the account in that way because "Trading is not allowed" and so I cannot open a trade.

I will do it with fxstat and it verifies it.
Here there problem is not verifying my trades though, the problem is verifying why they are cancelling them all!

But anyway, for transparency I will do it asap.
have a good evening
Understood. Yes FxStat will do the job.

well Alpari is a market maker and after you made 600% in a month ( and not just a few hundred bucks) your on their watch list. I'll have to read the whole thread before commenting more.
I noticed you made 54% in a few seconds on the duration chart from Myfxbook

-- edit -- OK read it ALL

Delayed Prices at Alpari? Yes this is true - Proof _ Arbitrage Robot worked for a month and the guy withdrew $1500 and now the robot will not work. (arbitrage works between two price feeds: It gets a signal from the faster price feed and executes on the slower price feed, which in the case is Alpari UK ) - http://www.myfxbook.com/members/Fore...ot-scam/117290

Alpari is Market marker - They make the spreads. Therefore your trades are completely legitimate . You are paying a fixed commission for the executions of your positions. It is the brokers duty to offer the best bid/ask price. Therefore comparing price feeds between brokers before you make a trade is ludicrous.

Is scalping Not Allowed at Alpari? I couldn't find any fine print saying that they do not accept scalping or arbitrage robots. Therefore, anything goes. We pay the spread at whatever amount our brokers offer us. Alpari's spreads are not best nor true ECN, so these trades are in fact real at the best given price. If alpari's feed is a few seconds lower than an ECN feed, so be it. How is this the traders problem. Isn't this more so a infrastructural problem at alpari? A Market Maker counters the Delayed prices by Requoting, slippage, and delayed execution all the TIME.(virtual Dealer plugin offered by MetaQuotes) I traded at Alpari US for 1 month before saying *#*$ this bucket shop in MAY 2011 (click here) and look at the duration chart. I too had to pay a commission, accept the requote and delayed execution to turn a profit or loss.

It is quite clear that if you can make a profit at Any Market Maker after fighting through their racketeering system, We Deserve Our Profit. Sounds like the current lawsuit against FXCM. I hope you get your money.
  • #120
  • Jul 5, 2011 5:02pm Jul 5, 2011 5:02pm
Quoting Ipndasno
any chance, you can verify your account on Myfxbook?

It would really help for validation.
I tried to link the account to a FxStat account, but for some reason it doesn't upload data and the account on the website remains empty.

I have done it before, but it always worked, now it doesn't .
Maybe it's due to the fact that Alpari blocked my account ad it doesn't allow EAs to work (FxStat uses an EA to take data)

I don't know! Should I make you some screenshot ?
I can, but what does it really matter ? do you want to check all the trades or only to check that it's real ?
Lorenzo
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