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  • #1,661
  • Jan 16, 2015 3:49am Jan 16, 2015 3:49am
Quoting goldfinch
Alpari has gone bust. Seggregated accounts will get their money back, it will just take a while.
source?

found it: http://www.forexlive.com/blog/2015/0...solvency-rtrs/
Fail better.
  • #1,662
  • Jan 16, 2015 3:49am Jan 16, 2015 3:49am
Quoting yaed
{quote} Well fuck me sideways! Im still getting data though, the chart is still updating.
No point trading, you need to start the process to get your money back, get to the top of the queue. It will take months though.
A contrarian; I always disagree.
  • #1,663
  • Jan 16, 2015 3:51am Jan 16, 2015 3:51am
Quoting LarryDarrell
{quote} source?

From the horse's mouth:

http://www.alpari.co.uk/client-updat...t-announcement
A contrarian; I always disagree.
  • #1,664
  • Jan 16, 2015 3:52am Jan 16, 2015 3:52am
Insolvent There goes my account
  • #1,665
  • Jan 16, 2015 3:54am Jan 16, 2015 3:54am
F*ck
  • #1,666
  • Jan 16, 2015 3:55am Jan 16, 2015 3:55am
I have just lost a large sum of money due to this insolvency , guys what should I do to get my money back?
  • #1,667
  • Jan 16, 2015 3:57am Jan 16, 2015 3:57am
Quoting tafadzwa02
I have just lost a large sum of money due to this insolvency , guys what should I do to get my money back?
CALM DOWN MAN

Your funds are in a different account, in case of a broker bankrupt the customer funds remain untouched. That's the case with any broker out there
Forex is a losers game.
  • #1,668
  • Jan 16, 2015 3:58am Jan 16, 2015 3:58am
Hi,

I apologize for my naivety but can someone explain to me what happens from here?

I had $2000 in my account, does that mean because they are insolvent that we all just lose our money?

They closed off all my open trades , so I lost $800- is that $800 just gone? Because I don't think it's right to force a client to incur a loss by closing their trades.

Is there anything we can do?
  • #1,669
  • Jan 16, 2015 3:58am Jan 16, 2015 3:58am
Quoting tafadzwa02
I have just lost a large sum of money due to this insolvency , guys what should I do to get my money back?

They will shortly update you with the process of how to get your money back, they have to (their regulator will make them). Start the normal withdrawal process if you still can, keep an eye on their website and the website of their regulator, send them an email too to see if their is a process managed by them to get your money back.

Alternatively you need to wait for an administrator to be appointed, they will then manage the withdrawal process.

Irrespective of the process, it will take months. I was with a large broker years ago that went bust and it took a year and a half to get my money back.
A contrarian; I always disagree.
  • #1,670
  • Jan 16, 2015 4:02am Jan 16, 2015 4:02am
Why is my Alpari demo account still active?
"patience grasshopper"
  • #1,671
  • Jan 16, 2015 4:04am Jan 16, 2015 4:04am
Quoting Soupdragon
Why is my Alpari demo account still active?
So you can withdraw your funds
On my way to financial independence - if others can do it - I can do it
  • #1,672
  • Jan 16, 2015 4:05am Jan 16, 2015 4:05am
Wow I guess we all got f*cked big time…even if we do get our money back, it will be months.
  • #1,673
  • Jan 16, 2015 4:07am Jan 16, 2015 4:07am
Quoting Soupdragon
Why is my Alpari demo account still active?
I think the money bit is sort of separated from the data bit. I get my data feed too, but i cant do shit.
With a demo account its JUST the data bit, so why shouldnt it work?

For me it was sort of a good thing it happend NOW and not in a few weeks when i would have been trading full time, and lots that sort of mattered.
My signature is: "Classified".
  • #1,674
  • Jan 16, 2015 4:10am Jan 16, 2015 4:10am
I opened a trade a couple of hours ago but it was closed a few minutes later at -15 pips. Would have been in profit by by now. Luckily it was only a very small amount, but still not a good situation
  • #1,675
  • Jan 16, 2015 4:11am Jan 16, 2015 4:11am
Right, moving forward, IMO its best to withdraw all funds and move on with this issue. I am in the same boat as all of you out there. My question to everyone is, putting in a withdrawal now (bank transfer withdrawal) would be actioned by Alpari today? I live about 30 minutes from their head office so am thinking to go down there as I have large funds in my account and I cannot wait months for it to be processed back to me.
To live a successful life, we must lose our fear of being wrong
  • #1,676
  • Jan 16, 2015 4:12am Jan 16, 2015 4:12am
Regardless of how the laws are ment to apply and stuff, they sort of have to give the money back since otherwise i think they might get some more problems, especially with the customers who at least had a few mill in their accounts.
My signature is: "Classified".
  • #1,677
  • Jan 16, 2015 4:13am Jan 16, 2015 4:13am
Quoting EatPIPs
putting in a withdrawal now (bank transfer withdrawal) would be actioned by Alpari today?

No, it will be months, if not a year before you see any money.
A contrarian; I always disagree.
  • #1,678
  • Jan 16, 2015 4:13am Jan 16, 2015 4:13am
Quoting EatPIPs
Right, moving forward, IMO its best to withdraw all funds and move on with this issue. I am in the same boat as all of you out there. My question to everyone is, putting in a withdrawal now (bank transfer withdrawal) would be actioned by Alpari today? I live about 30 minutes from their head office so am thinking to go down there as I have large funds in my account and I cannot wait months for it to be processed back to me.
Well cant harm to go down there and have a look see. I will do what ever i can to return the favour, as you will be doing all of us a favour.
My signature is: "Classified".
  • #1,679
  • Jan 16, 2015 4:17am Jan 16, 2015 4:17am
Quoting trader121
{quote} CALM DOWN MAN Your funds are in a different account, in case of a broker bankrupt the customer funds remain untouched. That's the case with any broker out there

Quoting goldfinch
{quote} They will shortly update you with the process of how to get your money back, they have to (their regulator will make them). Start the normal withdrawal process if you still can, keep an eye on their website and the website of their regulator, send them an email too to see if their is a process managed by them to get your money back. Alternatively you need to wait for an administrator to be appointed, they will then manage the withdrawal process. Irrespective of the process, it will take months. I was with a large broker years ago that went...

Thanks --Guys
  • #1,680
  • Jan 16, 2015 4:21am Jan 16, 2015 4:21am
Quoting yaed
{quote} Well cant harm to go down there and have a look see. I will do what ever i can to return the favour, as you will be doing all of us a favour.
Going to their head office
To live a successful life, we must lose our fear of being wrong
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