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Cable Update (GBPUSD)

  • #406,861
  • Jan 16, 2015 5:15am Jan 16, 2015 5:15am
Quoting nAVIN2007
can any1 tell me whats happened to alpari uk ..tey closed my position and im worried
gone to the wall Nav , google it on the news it will come up,
  • #406,862
  • Jan 16, 2015 5:17am Jan 16, 2015 5:17am
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and again,,if you can scalp the 1 min you would be very busy,,does anybody here do that,??
  • #406,863
  • Jan 16, 2015 5:19am Jan 16, 2015 5:19am
Quoting elbert3
{quote} gone to the wall Nav , google it on the news it will come up,

what does this mean? ..can i get back my money?

billy i need help i have no idea what to do
  • #406,864
  • Jan 16, 2015 5:23am Jan 16, 2015 5:23am
Quoting nAVIN2007
{quote} what does this mean? ..can i get back my money?
not sure mate they should have to pay out like most insolvencies , it will depend on any share out of whats left , i dont know if they are in sort of talks with the regulator as if,,if the swiss broke any rules . i hope you do Nav,, i am reading all the news if i come across anything i will post it
  • #406,865
  • Jan 16, 2015 5:25am Jan 16, 2015 5:25am
Quoting nAVIN2007
{quote} what does this mean? ..can i get back my money? billy i need help i have no idea what to do
while London-based Alpari says it has entered into insolvency, a form of bankruptcy.
  • #406,866
  • Jan 16, 2015 5:28am Jan 16, 2015 5:28am
Quoting elbert3
{quote} not sure mate they should have to pay out like most insolvencies , it will depend on any share out of whats left , i dont know if they are in sort of talks with the regulator as if,,if the swiss broke any rules . i hope you do Nav,, i am reading all the news if i come across anything i will post it
please do Billy i am very concerned..i have 16k with them i started with a 17k and a bit got to 21k but the dd of around 3.5 and now this..not happy
but at this stage geting my money back i what i need

there is actually no information availible
  • #406,867
  • Jan 16, 2015 5:30am Jan 16, 2015 5:30am
I think your money is ok Nav ,I hope very much that means your good , otherwise how else could you trade safe ..



"Retail client funds continue to be segregated in accordance with FCA rules"



Quoting nAVIN2007
{quote} what does this mean? ..can i get back my money? billy i need help i have no idea what to do
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,868
  • Jan 16, 2015 5:32am Jan 16, 2015 5:32am
Quoting nAVIN2007
{quote} please do Billy i am very concerned..i have 16k with them i started with a 17k and a bit got to 21k but the dd of around 3.5 and now this..not happy but at this stage geting my money back i what i need there is actually no information availible
dam it bro thats too dam much

http://www.marketwatch.com/story/swi...ncy-2015-01-16


sorry bro
  • #406,869
  • Jan 16, 2015 5:35am Jan 16, 2015 5:35am
Quoting nAVIN2007
{quote} please do Billy i am very concerned..i have 16k with them i started with a 17k and a bit got to 21k but the dd of around 3.5 and now this..not happy but at this stage geting my money back i what i need there is actually no information availible
Hey nav if you can understand this then the answer may be in this statement .. this is for Alpari, if ur a UK based trader then it seems funds should be OK.

Retail client funds continue to be segregated in accordance with FCA rule.

plus

The recent move on the Swiss franc caused by the Swiss National Bank’s unexpected policy reversal of capping the Swiss franc against the euro has resulted in exceptional volatility and extreme lack of liquidity. This has resulted in the majority of clients sustaining losses which has exceeded their account equity. Where a client cannot cover this loss, it is passed on to us. This has forced Alpari (UK) Limited to confirm today, 16/01/15, that it has entered into insolvency. Retail client funds continue to be segregated in accordance with FCA rule.
  • #406,870
  • Jan 16, 2015 5:37am Jan 16, 2015 5:37am
Quoting Bones
I think your money is ok Nav ,I hope very much that means your good , otherwise how else could you trade safe .. "Retail client funds continue to be segregated in accordance with FCA rules" {quote}
Copy that seems ok if ur a British trader with Alpari
FCA rules would state this that a retail trader would be covered not for losses
But his account Balance.
WORTH to checking though..

Honouring this however is a totally different matter.
  • #406,871
  • Jan 16, 2015 5:45am Jan 16, 2015 5:45am
Quoting Spudforex
{quote} Copy that seems ok if ur a British trader with Alpari FCA rules would state this that a retail trader would be covered not for losses But his account Balance. WORTH to checking though.. Honouring this however is a totally different matter.
yes just read more of the same,, shits going to hit the fan dont be surprised to see a bigger name in the news , my friends a money broker in Jersey and he never tells me a ting about any positions and this morning i phoned him, and yet again he won't say a word,, if only his employers knew how loyal he was. they should have a cover for this ie some bond holding ,or amount they need to have to cover this type of scenarios after all they are pros they dont fly by their pants.
  • #406,872
  • Jan 16, 2015 5:47am Jan 16, 2015 5:47am
Quoting Spudforex
{quote} Copy that seems ok if ur a British trader with Alpari FCA rules would state this that a retail trader would be covered not for losses But his account Balance. WORTH to checking though.. Honouring this however is a totally different matter.

thx guys..exactly..I was actually thinking of adding another 10 k with them, thinking they cant go burst!!..seems anything trully is possible
I hope for my sake i can get the money back..but there is actually no way to contact them ..what the hell do i do? ..to start the ball rolling
  • #406,873
  • Jan 16, 2015 5:47am Jan 16, 2015 5:47am
just gong long tp 5252
  • #406,874
  • Jan 16, 2015 5:47am Jan 16, 2015 5:47am
Quoting nAVIN2007
{quote} please do Billy i am very concerned..i have 16k with them i started with a 17k and a bit got to 21k but the dd of around 3.5 and now this..not happy but at this stage geting my money back i what i need there is actually no information availible
Gidday Nav

Forexpeace army site

pretty good info on this sort thing

take a look
  • #406,875
  • Jan 16, 2015 5:50am Jan 16, 2015 5:50am
http://www.fxstreet.com/analysis/trading-positions/ you can see trades where buying the pound
  • #406,876
  • Jan 16, 2015 5:58am Jan 16, 2015 5:58am
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back in the old days ,,lol still target this weeks looking like a doji if we dont get any clear move away from this price
  • #406,877
  • Jan 16, 2015 5:59am Jan 16, 2015 5:59am
Hi Nav have you tried the regulator ,FCA


Quoting nAVIN2007
{quote} thx guys..exactly..I was actually thinking of adding another 10 k with them, thinking they cant go burst!!..seems anything trully is possible I hope for my sake i can get the money back..but there is actually no way to contact them ..what the hell do i do? ..to start the ball rolling
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #406,878
  • Jan 16, 2015 6:04am Jan 16, 2015 6:04am
Quoting nAVIN2007
can any1 tell me whats happened to alpari uk ..tey closed my position and im worried
http://www.alpari.com/regulations some more if you have not read this Nav
  • #406,879
  • Jan 16, 2015 6:07am Jan 16, 2015 6:07am
Quoting elbert3
{quote} http://www.alpari.com/regulations some more if you have not read this Nav
Segregation of retail clients' funds
Under FCA client money rules, Alpari UK is required to segregate all retail client funds from our own funds. This means that we must take steps to ensure that the clients’ money is held in a separate account away from any accounts used to hold money belonging to the firm. The purpose of this separation is to prevent the use of client money by the firm for its own account at all times.



this should mean that your money is safe ??
  • #406,880
  • Jan 16, 2015 6:07am Jan 16, 2015 6:07am
Quoting Bones
Hi Nav have you tried the regulator ,FCA {quote}
NAV you will have to wait - and in time they will make a few pr statements on what to do perhaps via u account so try and log in am and pm daily.
WHEN is the question as they will more than likely use time as if its on their side in this moment
after all what can u do if u cant get through to them, phone em no, email em, well u wait
they will play this time to their advantage as they will need it to sort things out.
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